Civista Bancshares Inc reports results for the quarter ended in December - Earnings Summary

Civista Bancshares

08/02/2024 17:29

* Civista Bancshares Inc  CIVB.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 77 cents.  The mean expectation of
five analysts for the quarter was for earnings of 58 cents per
share. Wall Street expected results to range from 51 cents to 63
cents per share.
    * Revenue fell 8.8% to $38.88 million from a year ago;
analysts
expected $39.51 million. 
    * Civista Bancshares Inc's reported EPS for the quarter was
62
cents​.
    * The company reported quarterly net income of $9.66
million.
    * Civista Bancshares Inc shares had fallen by 13.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Civista
Bancshares Inc is $20.00 
This summary was machine generated from LSEG data February 8 at
05:29 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.58           0.62           Beat
 Sep. 30 2023      0.61           0.66           Beat
 Jun. 30 2023      0.72           0.64           Missed
 Mar. 31 2023      0.81           0.82           Beat