Q2 2026 Civista Bancshares Inc Earnings Call Transcript
Key Points
- Civista Bancshares Inc (CIVB) reported a net income of $14.3 million for the second quarter, marking a 30% increase over the same period in 2025.
- The company's net interest margin expanded by 4 basis points to 3.89%, reflecting effective management of asset pricing and funding costs.
- Loan balances grew by $25.2 million during the quarter, with $351 million in new organic loan production.
- The tangible book value per share increased for the seventh consecutive quarter to $20.43, representing an average return of 15.5% over that period.
- Civista Bancshares Inc (CIVB) announced a quarterly dividend of $0.18 per share, consistent with the prior quarter, representing a 2.55% yield.
- Net income declined by $674,000 from the linked-quarter, indicating some challenges in maintaining consistent growth.
- Non-interest income for the second quarter was $9 million, a decline of $424,000 from the first quarter.
- Total deposits declined by $44 million or 1.2% for the quarter, partly due to a reduction in brokered deposits.
- The cost of core deposits increased by 4 basis points compared to the linked-quarter, indicating rising funding costs.
- Non-interest expense increased by $1.2 million or 4.3% compared to the prior year's second quarter, driven by higher compensation and marketing expenses.
Good afternoon. My name is Hannah, and I'll be your moderator for today. Before we begin, I would like to remind you that this conference call may contain forward-looking statements with respect to the future performance and financial condition of Civista Bankshares Incorporated that involve risks and uncertainties.
Various factors could cause actual results to be materially different from any future results expressed or implied by such forward-looking statements.
These factors are discussed in the company's SEC filings, which are available on the company's website.
The company disclaims any obligation to update any forward-looking statements made during the call.
Additionally, management may refer to non-GAAP measures, which are intended to supplement, but not substitute, the most directly comparable GAAP measures.
The press release, also available on the company's website, contains the financial and other quantitative information to be discussed today, as well as the reconciliation of the GAAP to non-GAAP measures.
This call will be recorded and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
