Civista Bancshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 08:30 am EDT
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Civista Bancshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 31.5 million compared to USD 30.44 million a year ago. Net income was USD 10.39 million compared to USD 11.11 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 0.72 a year ago.
For the nine months, net interest income was USD 95.44 million compared to USD 77.64 million a year ago. Net income was USD 33.31 million compared to USD 27.28 million a year ago. Basic earnings per share from continuing operations was USD 2.12 compared to USD 1.82 a year ago. Diluted earnings per share from continuing operations was USD 2.12 compared to USD 1.82 a year ago.
Civista Bancshares, Inc. is a financial holding company. The Company, through its subsidiary, Civista Bank, is engaged in the business of community banking. Civista Bank through its locations in the Ohio counties of Erie, Crawford, Champaign, Cuyahoga, Franklin, Huron, Logan, Madison, Montgomery, Ottawa, Richland, Henry, Wood, and Summit, in the Indiana counties of Dearborn and Ripley and in the Kentucky county of Kenton, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services. Civista Bank is also engaged in a general equipment leasing and financing business through its Civista Leasing & Financing (CLF) division. Its Civista Wealth Management division offers investment advisory services to individuals, families, businesses, and non-profits with personalized investment management, 401(k) advisory services for employers, financial planning, and trust services.
CIVISTA BANCSHARES, INC. 
