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Stock impact report

Civista Bancshares, Inc. Announces Strong First Quarter 2019 Earnings

Civista Bancshares, Inc. (CIVB) 
Last civista bancshares, inc. earnings: 4/24 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: civb.com
Company Research Source: PR Newswire
SANDUSKY, Ohio, May 3, 2019 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") reported net income available to common shareholders of $9.5 million, or $0.57 per diluted share, for the first quarter of 2019.  This compares to net income available to common shareholders of $6.7 million, or $0.55 per diluted share, for the first quarter of 2018.  "We continue to build upon the success of the UCB acquisition and efforts that we put in place during 2018.  Our net interest margin has continued to expand, due in large part to the solid core deposit base that the legacy Civista and UCB teams put in place.  While our loan balances only grew 2.9% on an annualized basis during the first quarter, the first quarter tends to be a slower quarter for our loan portfolio.  Our team continues to put together core earnings growth and very strong asset quality," said Dennis G. Shaffer, President and CEO of Civista.Factors Affecting ComparabilityCivista acquired United Community Bancorp ( Show less Read more
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