Civista Q1 net income rises 47.4% to $14.99 million

Civista Bancshares, Inc.

Civista Bancshares, Inc.

CIVB

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  • Civista Bancshares posted net income of USD 14.99 million in the first quarter, lifting diluted EPS to USD 0.72.
  • Net interest income rose to USD 37.82 million; fully tax-equivalent net interest margin widened to 3.85%.
  • Provision for credit losses swung to a USD 629,000 credit.
  • Total assets slipped 0.9% to USD 4.3 billion; net loans fell 1.2% to USD 3.19 billion while deposits climbed 1% to USD 3.5 billion.
  • FSB integration progressed with technology conversions completed in mid-February; first-quarter results included USD 358,000 of non-recurring acquisition-related adjustments tied to the core system conversion.


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