Civista Bancshares, Inc. (CIVB) 10-Year Financial Performance & Capital Metrics

CIVB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutCivista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit. The company also purchases securities; and provides trust and third-party insurance services. It operates approximately 42 locations in Northern, Central, Southwestern, and Northwestern Ohio, as well as Southeastern Indiana and Northern Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.Show more

Net Interest Income $117M -7.0%
Total Revenue $242M +11.2%
Net Income $32M -26.3%
Return on Equity 8.33% -31.5%
Net Interest Margin 2.85% -12.4%
Efficiency Ratio 45.46% -6.0%
ROA 0.8% -30.5%
Equity / Assets 9.48% -1.6%
Book Value per Share 25.22 +2.7%
Tangible BV/Share 16.56 +5.9%
Debt/Equity 1.16 -4.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 45.5% efficiency ratio
✓Healthy dividend yield of 2.9%
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.15%

5Y15.32%

3Y21.7%

TTM-

Profit (Net Income) CAGR

10Y12.77%

5Y-1.33%

3Y-7.89%

TTM39.41%

EPS CAGR

10Y8.99%

5Y0%

3Y-8.57%

TTM34%

ROCE

10Y Avg8.02%

5Y Avg8.11%

3Y Avg8.07%

Latest6.74%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.86B	13.75	42.97	4.37%	11.49%	4.41%	1.18%	2.57
ASBAssociated Banc-Corp	4.32B	26.01	36.13	4.42%	5.85%	3.62%	12.4%	0.69
ASBAAssociated Banc-Corp	4.09B	24.67	30.84	-6.56%	12.92%	3.77%	13.08%	0.17
SYBTStock Yards Bancorp, Inc.	1.96B	66.39	17.07	15.84%	22.86%	12.99%	6.8%	0.53
BANFBancFirst Corporation	3.63B	109.04	16.93	12.28%	23.81%	13.33%	6.18%	0.05
PRKPark National Corporation	2.52B	156.78	16.82	14.4%	23.46%	13.22%	6.73%	0.24
NICNicolet Bankshares, Inc.	1.88B	126.68	15.74	24.6%	23.88%	11.4%	6.25%	0.14
LKFNLakeland Financial Corporation	1.46B	57.10	15.73	9.38%	21.74%	13.06%	6.44%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	47.39M	50.26M	54.5M	66.11M	85.1M	89.73M	95.42M	110.2M	125.5M	116.71M
NII Growth %	0.13%	0.06%	0.08%	0.21%	0.29%	0.05%	0.06%	0.15%	0.14%	-0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	50.7M	53.57M	58.59M	73.68M	98.05M	99.86M	105.05M	126.16M	182.73M	206.69M
Interest Expense	3.31M	3.31M	4.09M	7.57M	12.95M	10.14M	9.63M	15.95M	57.24M	89.98M
Loan Loss Provision	1.2M	-1.3M	0	780K	1.03M	10.11M	830K	1.75M	4.43M	5.36M
Non-Interest Income+	13.6M	15.53M	15.49M	17.06M	20.56M	26.31M	29.14M	26.83M	34.74M	35.2M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	64.31M	69.09M	74.08M	90.74M	118.61M	126.18M	134.19M	152.98M	217.48M	241.9M
Revenue Growth %	0.09%	0.07%	0.07%	0.22%	0.31%	0.06%	0.06%	0.14%	0.42%	0.11%
Non-Interest Expense	42.27M	43.25M	47.76M	65.61M	65.06M	68.8M	75.35M	88.25M	105.19M	109.98M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	17.53M	23.84M	22.23M	16.78M	39.56M	37.13M	48.38M	47.03M	50.61M	36.57M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.38%	0.36%	-0.07%	-0.25%	1.36%	-0.06%	0.3%	-0.03%	0.08%	-0.28%
Pretax Income+	17.53M	23.84M	22.23M	16.78M	39.56M	37.13M	48.38M	47.03M	50.61M	36.57M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.78M	6.62M	6.36M	2.64M	5.68M	4.94M	7.83M	7.61M	7.65M	4.89M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	12.74M	17.22M	15.87M	14.14M	33.88M	32.19M	40.55M	39.43M	42.96M	31.68M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.34%	0.35%	-0.08%	-0.11%	1.4%	-0.05%	0.26%	-0.03%	0.09%	-0.26%
Net Income (Continuing)	12.74M	17.22M	15.87M	14.14M	33.88M	32.19M	40.55M	39.43M	42.96M	31.68M
EPS (Diluted)+	1.17	1.57	1.28	1.02	2.01	2.00	2.63	2.60	2.73	2.01
EPS Growth %	0.38%	0.34%	-0.18%	-0.2%	0.97%	-0%	0.32%	-0.01%	0.05%	-0.26%
EPS (Basic)	1.43	1.96	1.48	1.02	2.16	2.00	2.63	2.60	2.73	2.01
Diluted Shares Outstanding	10.92M	10.95M	12.35M	13.86M	16.85M	16.08M	15.34M	14.97M	15.15M	15.4M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	35.56M	36.7M	40.52M	42.78M	48.53M	128.22M	255.19M	44.84M	61.63M	64.61M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.2B	1.25B	1.4B	1.92B	2.09B	2.45B	2.56B	3.25B	3.43B	3.68B
Investments Growth %	0.08%	0.05%	0.12%	0.37%	0.09%	0.17%	0.05%	0.27%	0.06%	0.07%
Long-Term Investments	1B	1.06B	1.17B	1.57B	1.73B	2.08B	2B	2.64B	2.82B	3.42B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	27.09M	27.09M	27.09M	76.85M	76.85M	76.85M	76.85M	125.69M	125.52M	125.52M
Intangible Assets	2.41M	1.78M	1.28M	9.35M	8.3M	8.07M	7.58M	10.76M	9.51M	7.88M
PP&E (Net)	16.94M	17.92M	17.61M	22.02M	22.87M	22.58M	22.45M	64.02M	56.77M	47.17M
Other Assets	29.57M	35.53M	35.83M	63.19M	60.53M	77.65M	80.23M	76.3M	87.6M	89.79M
Total Current Assets	235.71M	236.41M	275.24M	395.8M	414.13M	501.11M	822.45M	707.79M	747.07M	388.94M
Total Non-Current Assets	1.08B	1.14B	1.25B	1.74B	1.9B	2.27B	2.19B	2.93B	3.11B	3.71B
Total Assets+	1.32B	1.38B	1.53B	2.14B	2.31B	2.77B	3.01B	3.64B	3.86B	4.1B
Asset Growth %	0.08%	0.05%	0.11%	0.4%	0.08%	0.2%	0.09%	0.21%	0.06%	0.06%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	125.67M	106.85M	123.08M	245.23M	274.6M	183.34M	204.23M	643.35M	454.19M	450.88M
Net Debt	90.11M	70.16M	82.56M	202.45M	226.07M	55.12M	-50.96M	598.51M	392.56M	386.28M
Long-Term Debt	100.63M	77.93M	101.33M	223.03M	154.43M	154.43M	178.74M	224.51M	116.19M	111.88M
Short-Term Debt	25.04M	28.93M	21.75M	22.2M	120.17M	28.91M	25.5M	418.84M	338M	339M
Other Liabilities	0	0	0	0	8.92M	21.76M	11.07M	16.58M	50.19M	47.21M
Total Current Liabilities	1.09B	1.16B	1.24B	1.62B	1.82B	2.24B	2.47B	3.06B	3.32B	3.55B
Total Non-Current Liabilities	100.63M	77.93M	101.33M	223.03M	163.34M	176.19M	189.81M	241.09M	166.39M	159.1M
Total Liabilities	1.19B	1.24B	1.34B	1.84B	1.98B	2.42B	2.66B	3.3B	3.49B	3.71B
Total Equity+	125.17M	137.62M	184.46M	298.9M	330.13M	350.11M	355.21M	334.83M	372M	388.5M
Equity Growth %	0.08%	0.1%	0.34%	0.62%	0.1%	0.06%	0.01%	-0.06%	0.11%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.13%	0.1%	0.06%	0.11%	0.09%	0.11%	0.11%	0.12%	0.08%
Book Value per Share	11.46	12.57	14.93	21.57	19.59	21.77	23.15	22.37	24.55	25.22
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	115.33M	118.97M	153.81M	266.9M	276.42M	277.04M	277.74M	310.18M	311.17M	312.04M
Additional Paid-in Capital	115.33M	118.97M	153.81M	266.9M	0	0	0	0	0	0
Retained Earnings	5.3M	19.26M	31.65M	41.32M	67.97M	93.05M	125.56M	156.49M	183.79M	205.41M
Accumulated OCI	-115.83M	-121.31M	-154.93M	-268.35M	6.87M	14.62M	8.82M	-58.05M	-47.53M	-53.36M
Treasury Stock	-17.23M	-17.23M	-17.23M	-17.23M	-21.14M	-34.6M	-56.91M	-73.79M	-75.42M	-75.59M
Preferred Stock	22.27M	18.95M	17.36M	9.36M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	15.07M	17.71M	20.82M	19.63M	38.8M	32.65M	40.76M	25.18M	62.7M	48.25M
Operating CF Growth %	0.01%	0.17%	0.18%	-0.06%	0.98%	-0.16%	0.25%	-0.38%	1.49%	-0.23%
Net Income	12.74M	17.22M	15.87M	14.14M	33.88M	32.19M	40.55M	39.43M	42.96M	31.68M
Depreciation & Amortization	1.9M	1.96M	1.83M	1.88M	3.19M	3.17M	2.87M	5.75M	12.34M	11.03M
Deferred Taxes	-410K	170K	946K	151K	663K	-2.28M	1.32M	483K	-675K	-1.85M
Other Non-Cash Items	1.59M	-394K	1.03M	2.67M	-460K	437K	-6.67M	685K	1.4M	3.48M
Working Capital Changes	-865K	-1.56M	713K	360K	1M	-1.48M	2M	-21.98M	5.69M	3.04M
Cash from Investing+	-11.9M	-63.58M	-146.18M	-33.79M	-150.76M	-340.98M	-130.5M	-410.36M	-311.78M	-258.8M
Purchase of Investments	-30.06M	-42.36M	-70.99M	-135.17M	-72.63M	-56.36M	-268.55M	-146.75M	-46.46M	-87.22M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	926K	0	0	143.8M	0	0	0	-51.64M	0	0
Other Investing	-10.64M	-57.21M	-109.51M	-97.72M	-147.3M	-343.34M	71.74M	-315.01M	-321.18M	-215.94M
Cash from Financing+	2.53M	47M	129.19M	16.42M	116.74M	398.8M	216.93M	164.3M	266.13M	213.3M
Dividends Paid	-3.14M	-3.25M	-3.68M	-4.75M	-7.19M	-7.12M	-8.04M	-8.49M	-9.6M	-10.06M
Share Repurchases	0	0	-4K	0	-3.91M	-13.45M	-22.31M	-16.89M	-1.63M	-164K
Stock Issued	0	0	32.82M	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K
Other Financing	-327K	72.95M	76.65M	-100.53M	95.35M	520.87M	223.88M	-68.26M	339.9M	226.84M
Net Change in Cash+	5.7M	1.13M	3.82M	2.26M	4.78M	90.47M	127.19M	-220.88M	17.05M	2.75M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	29.86M	35.56M	36.7M	40.52M	41.8M	46.58M	137.05M	264.24M	43.36M	60.41M
Cash at End	35.56M	36.7M	40.52M	42.78M	46.58M	137.05M	264.24M	43.36M	60.41M	63.16M
Interest Paid	3.32M	3.25M	3.86M	7.75M	12.91M	10.21M	6.21M	10.7M	48.38M	89.99M
Income Taxes Paid	3.65M	5.9M	5.95M	1.6M	5.7M	7.09M	6.18M	3.15M	9.51M	4.89M
Free Cash Flow+	13.07M	15.27M	19.8M	18.15M	35.6M	30.68M	38.83M	18.68M	59.27M	44.06M
FCF Growth %	-0.09%	0.17%	0.3%	-0.08%	0.96%	-0.14%	0.27%	-0.52%	2.17%	-0.26%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.57%	13.1%	9.86%	5.85%	10.77%	9.46%	11.5%	11.43%	12.16%	8.33%
Return on Assets (ROA)	1.01%	1.28%	1.09%	0.77%	1.52%	1.27%	1.4%	1.19%	1.15%	0.8%
Net Interest Margin	3.6%	3.65%	3.57%	3.09%	3.68%	3.24%	3.17%	3.03%	3.25%	2.85%
Efficiency Ratio	65.73%	62.6%	64.47%	72.31%	54.85%	54.52%	56.15%	57.68%	48.37%	45.46%
Equity / Assets	9.52%	9.99%	12.09%	13.97%	14.29%	12.64%	11.79%	9.2%	9.63%	9.48%
Book Value / Share	11.46	12.57	14.93	21.57	19.59	21.77	23.15	22.37	24.55	25.22
NII Growth	13.2%	6.05%	8.44%	21.29%	28.73%	5.44%	6.35%	15.49%	13.88%	-7%
Dividend Payout	24.63%	18.9%	23.2%	33.59%	21.23%	22.11%	19.82%	21.54%	22.34%	31.76%

Frequently Asked Questions

Valuation & Price

Civista Bancshares, Inc. (CIVB) has a price-to-earnings (P/E) ratio of 11.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Civista Bancshares, Inc. (CIVB) grew revenue by 11.2% over the past year. This is steady growth.

Yes, Civista Bancshares, Inc. (CIVB) is profitable, generating $43.8M in net income for fiscal year 2024 (13.1% net margin).

Dividend & Returns

Yes, Civista Bancshares, Inc. (CIVB) pays a dividend with a yield of 2.92%. This makes it attractive for income-focused investors.

Civista Bancshares, Inc. (CIVB) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Industry Metrics

Civista Bancshares, Inc. (CIVB) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Civista Bancshares, Inc. (CIVB) has an efficiency ratio of 45.5%. This is excellent, indicating strong cost control.

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