Civista Bancshares's Q2 net income up 56% to $11 mln

Civista Bancshares

24/07/2025 12:30

Overview

Civista Bancshares Q2 net income rises 56% yr/yr to $11.0 mln

Diluted EPS for Q2 increases 58% yr/yr to $0.71

Net interest income grows 25.5% yr/yr, supported by higher net interest margin

Outlook

Company anticipates growth in housing and construction financing demand

Civista sees expansion in Northeast Ohio through Farmers Savings Bank partnership

Company positions for future growth with recent $80.5 mln capital raise

Result Drivers

NET INTEREST INCOME - Increased by 25.5% due to higher net interest margin and reduced interest expenses

LOAN GROWTH - Residential and commercial real estate loan balances increased, supporting revenue growth

NON-RECURRING ITEMS - Positively impacted net income by $0.9 mln pre-tax

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.71
Q2 Net Income
$11 mln
Q2 Net Interest Income
$34.80 mln
Q2 Net Interest Margin
3.6%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Civista Bancshares Inc is $26.00, about 17.7% above its July 23 closing price of $21.40

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPn1sZ146a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)