Civista Bancshares, Inc.
- Open
- 27.23
- Day high
- 27.23
- Day low
- 26.97
- Prev close
- 27.48
- Volume
- 222K
- Mkt cap
- $563M
- P/E (TTM)
- 10.0
- EPS (TTM)
- $2.69
- P/B
- 1.0
- P/S
- 2.5
- Yield
- 2.62%
- Per share
- $0.71
Civista Bancshares, Inc. (CIVB) is a Financial Services company listed on NASDAQ. The stock is up 29% over the past year. Drillr has 1 published research article covering CIVB.
Civista Bancshares, Inc. (CIVB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CIVB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $0.67 | $0.69 | +3.0% | $48M | -1.0% |
| Apr 22, 2026 | $0.56 | $0.74 | +32.1% | $47M | +3.8% |
| Mar 6, 2026 | — | $0.61 | — | $66M | — |
| Oct 23, 2025 | $0.61 | $0.68 | +11.5% | $43M | -5.1% |
| Jul 24, 2025 | $0.69 | $0.66 | -4.3% | $41M | -5.1% |
| Apr 24, 2025 | $0.50 | $0.66 | +32.0% | $40M | -6.7% |
| Jan 30, 2025 | $0.53 | $0.63 | +18.9% | $40M | +1.3% |
| Apr 30, 2024 | $0.47 | $0.41 | -12.4% | $36M | -7.4% |
| Feb 8, 2024 | $0.59 | $0.62 | +5.8% | $38M | -4.8% |
| Oct 27, 2023 | $0.61 | $0.66 | +8.2% | $39M | -4.6% |
| Jul 28, 2023 | $0.72 | $0.64 | -11.1% | $40M | -6.7% |
| Apr 28, 2023 | $0.81 | $0.82 | +1.2% | $43M | -1.1% |
CIVB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 10, 2026 | PERFECT CLYDE A JRother: Subsidiary Director | Grant | 1,210 | — |
| Jun 10, 2026 | Wise Lorina Wdirector | Grant | 1,210 | — |
| Jun 10, 2026 | WURM GERALD Bother: Subsidiary Director | Grant | 1,210 | — |
| Jun 10, 2026 | Mattlin Julie Adirector | Grant | 1,210 | — |
| Jun 10, 2026 | Weaks Nathan Eother: Subsidiary Director | Grant | 1,210 | — |
| Jun 10, 2026 | Congrove Darci Ldirector | Grant | 1,210 | — |
| Jun 10, 2026 | Macioce Mark J.director | Grant | 1,210 | — |
| Jun 10, 2026 | Oliver Mary Patriciadirector | Grant | 1,210 | — |
| Jun 10, 2026 | Singer Harrydirector | Grant | 1,210 | — |
| Apr 1, 2026 | Doucette Veronica Gofficer: SVP/Human Resources Officer | Grant | 908 | — |
| Mar 13, 2026 | DUTTON RICHARD Jofficer: Senior Vice President | Tax | 1,769 | — |
| Mar 13, 2026 | Shaffer Dennis Gdirector, officer: CEO | Grant | 6,685 | — |
| Mar 13, 2026 | Katitus Robert Lofficer: SVP/CLO | Tax | 526 | — |
| Mar 13, 2026 | EDWARDS RUSSELL L JRofficer: Senior Vice President | Grant | 1,121 | — |
| Mar 13, 2026 | Whinnem Ianofficer: SVP/CFO | Grant | 2,313 | — |
Source: CIVB SEC Form 4 filings, latest Jun 10, 2026. For informational purposes only — not investment advice.
See the full CIVB insider & 13F page →Civista Bancshares, Inc. company profile
Overview
Civista Bancshares, Inc. (NASDAQ:CIVB) is a regional bank holding company founded in 1884 and headquartered in Sandusky, Ohio. Originally known as First Citizens Banc Corp, the company rebranded to Civista Bancshares in May 2015. The company operates through its primary subsidiary, Civista Bank, which provides traditional community banking services across approximately 42 locations in Northern, Central, Southwestern, and Northwestern Ohio, as well as Southeastern Indiana and Northern Kentucky. Over its 140-year history, Civista has grown through both organic expansion and strategic acquisitions, establishing itself as a community-focused financial institution serving local businesses and consumers in its regional markets.
Business
Civista Bancshares operates in the regional banking industry, which sits between large national banks and small community banks in terms of scale and geographic reach. Regional banks like Civista typically serve specific geographic areas with multiple branch locations while maintaining the community focus that distinguishes them from mega-banks. The company's core business revolves around traditional commercial banking services. On the lending side, Civista originates and services various types of loans including commercial and agricultural loans, commercial and residential real estate mortgages, farm real estate loans, real estate construction financing, and consumer loans. The bank also issues letters of credit for business customers. On the deposit side, the company collects customer deposits through checking accounts, savings accounts, money market accounts, and certificates of deposit. Beyond traditional banking, Civista operates several complementary business lines: 1. Equipment Leasing Division - This segment provides equipment financing and leasing services, particularly targeting commercial customers. The leasing business has been a growth focus and revenue diversification strategy, generating income through lease origination fees and residual values. 2. Wealth Management Services - The company provides trust services and investment management for high-net-worth individuals and businesses, generating fee-based income. 3. Third-Party Insurance Services - Civista offers insurance products through partnerships, earning commission income. 4. Securities Investment Portfolio - Like most banks, Civista maintains an investment securities portfolio for liquidity management and interest income generation. The traditional banking operations (lending and deposit-taking) represent the vast majority of revenue, with the equipment leasing division being the most significant non-traditional segment contributing to fee income diversification.
Revenue model
Civista makes money primarily through the net interest income model typical of traditional banks. The company borrows money at low rates (primarily through customer deposits) and lends it out at higher rates, earning the spread between these rates. This spread, measured as net interest margin, was 3.36% in Q4 2024. The paying customers are borrowers who need capital for business operations, real estate purchases, equipment financing, or personal needs. The company also generates non-interest income through several fee-based services. The equipment leasing division earns origination fees and benefits from equipment residual values. Wealth management services generate asset management fees from clients. The bank earns service charges on deposit accounts, although management has strategically reduced overdraft fees. Additionally, Civista previously operated a tax refund processing business but exited this line in 2024. Several factors influence Civista's profitability margins. Interest rate environment is the primary driver - rising rates generally benefit net interest margins as loan yields increase faster than deposit costs, while falling rates can compress margins. The company's deposit mix significantly impacts funding costs, with non-interest-bearing demand deposits being the cheapest funding source. Credit quality affects margins through loan loss provisions - deteriorating economic conditions requiring higher reserves reduce profitability. Competition for deposits in the regional banking market influences how much the bank must pay for funding. Loan demand in Civista's geographic markets affects volume growth and pricing power. The company's ability to control operating expenses while investing in technology and maintaining branch networks also impacts overall profitability. Finally, regulatory requirements and capital adequacy rules influence how much capital must be held against assets, affecting return on equity.
Competitive moat
Civista's competitive moat is relatively modest, typical of regional banks operating in competitive markets. The company's primary defensive characteristics stem from its local market relationships and community banking focus. After 140 years of operation in Ohio and adjacent markets, Civista has developed deep relationships with local businesses, municipalities, and consumers who value personalized service and local decision-making that larger national banks cannot easily replicate. The bank's deposit franchise provides some stability, particularly the 34% of deposits that are non-interest-bearing demand accounts. These relationships tend to be "sticky" as businesses and individuals often maintain primary banking relationships due to convenience and switching costs. Civista's participation in programs like Ohio Homebuyers Plus and focus on municipal deposits creates some differentiation. However, the moat faces significant challenges. Geographic concentration in Ohio and surrounding areas creates vulnerability to regional economic downturns. The banking industry faces intense competition from national banks, credit unions, and fintech companies that can often offer better rates or more convenient digital services. Interest rate sensitivity means profitability fluctuates with factors beyond management control. Regulatory requirements create high compliance costs and limit flexibility. The company's equipment leasing division provides some diversification and specialized expertise that could offer modest competitive advantages in specific market segments. However, this business also faces competition from national equipment finance companies and captive financing arms of equipment manufacturers. Overall, Civista operates in a mature, highly competitive industry where sustainable competitive advantages are difficult to establish and maintain. The company's moat is primarily defensive, based on local relationships rather than unique products or services that competitors cannot replicate.
Risks & safety
Civista presents a moderate margin of safety typical of well-capitalized regional banks, though with some areas requiring attention. • Capital Position: Tier 1 Leverage Ratio of 8.60% provides adequate regulatory buffer above minimum requirements. Management targets rebuilding Tangible Common Equity ratio to 7-7.5% from current 6.26%. • Liquidity: $64.6 million in cash and short-term investments provides operational flexibility. The company maintains access to wholesale funding markets and Federal Home Loan Bank advances. • Debt and Solvency: Debt-to-equity ratio of 1.16 is manageable for a bank, though higher than ideal. No immediate solvency concerns given regulatory capital levels and deposit funding base. • Valuation Metrics: Trading at 8.2x P/E ratio and 0.83x price-to-book value suggests reasonable valuation relative to earnings and book value. Graham number of 19.09 indicates potential undervaluation at current price of $19.08. • Credit Quality: Allowance for credit losses at 1.36% of total loans appears adequate. Management reports no systemic credit issues, though some isolated problem loans require monitoring. • Other Considerations: Interest rate sensitivity creates earnings volatility risk. Geographic concentration in Ohio markets limits diversification. Wholesale funding dependence (targeting 15-17% of total funding) creates some refinancing risk.
Recent development
Over the past few years, Civista has undergone significant strategic transformation focused on revenue diversification and deposit gathering initiatives. The company made the strategic decision to exit the income tax refund processing business in 2024, which had provided meaningful fee income but was viewed as non-core. To replace this lost revenue, management implemented several new initiatives. The most significant development has been aggressive deposit gathering programs. Civista launched the Ohio Homebuyers Plus program, which brought in approximately $100 million in state deposits by partnering with Ohio's homebuyer assistance program. The company also moved $87 million in wealth management client cash balances into bank deposit accounts, improving funding costs while deepening customer relationships. Management has focused on targeting customers with low existing deposit relationships and implemented new digital account opening systems through MANTL to improve customer acquisition. Balance sheet optimization has been another key focus. The company has worked to reduce its reliance on wholesale and brokered funding from over 20% to a target range of 15-17% of total funding. This involves aggressive pricing strategies to attract core deposits while reducing higher-cost funding sources. The loan-to-deposit ratio target has been set around 90% to improve liquidity metrics. Civista has also pursued operational efficiency improvements. The company closed underperforming branches, including the Perry Street location in Napoleon, Ohio, and has invested in technology infrastructure to improve customer experience and operational efficiency. Leadership changes include promoting Chuck Parcher to Executive Vice President and Chief Lending Officer, signaling continued focus on loan origination and relationship management. The equipment leasing division has been positioned as a key growth driver and revenue diversification tool, with management expressing optimism about expanding this higher-margin business line. The company has maintained disciplined loan pricing, with new commercial loans originated above 8% yields, while managing credit quality through selective underwriting standards.
CIVB company profile · for informational purposes only — not investment advice.
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