Civista Bancshares Q4 profit rises 24% on acquisition boost

Civista Bancshares

29/01/2026 13:05

Overview

Ohio bank's Q4 net income rose 24% yr/yr, despite non-recurring merger expenses

Company completed acquisition of The Farmers Savings Bank (FSB), adding $268.1 mln in assets

Efficiency ratio improved to 57.7%, down from 68.3% in Q4 2024

Outlook

Civista expects FSB integration to be completed by mid-Q1 2026

Company remains cautious due to mixed economic conditions

Civista plans to introduce products to legacy FSB customers

Result Drivers

FSB ACQUISITION - The acquisition of The Farmers Savings Bank added $268.1 mln in assets, $106.2 mln in loans, and $236.1 mln in deposits, contributing to growth

NON-RECURRING EXPENSES - Q4 results included $3.4 mln in pre-tax non-recurring expenses related to the FSB merger, impacting net income

EFFICIENCY IMPROVEMENT - Efficiency ratio improved to 57.7% from 68.3% in Q4 2024, driven by increased net interest income and reduced interest expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.61
Q4 Net Income
$46.20 mln
Q4 Net Interest Income
$36.50 mln
Q4 Net Interest Margin
3.69%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "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 11.6% above its January 28 closing price of $23.29

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPn2Rn4GBa

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(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.)