Fourth consecutive beat marks the fourth straight beat, but the $1.6M securities repositioning loss ($6.6M sold, reinvested into higher-yielding assets) signals management is actively managing the balance sheet for margin expansion. Watch for Q4 NIM guidance on the Oct 22 call for NIM trajectory and whether the pace of brokered deposit runoff ($77M reduction since Dec 25).
Price Chart
Executive Summary
Civista Bancshares reported Q3 2026 net income of $16.0M ($0.77 diluted EPS), a 25.5% YoY increase from $12.8M ($0.68). Net interest margin expanded 35bp to 3.93%, the efficiency ratio improved to 55.3% from 61.4%, and loans grew 1.2% linked quarter. EPS of $0.77 beat consensus of $0.72 by 6.9%, marking the fourth consecutive beat. The quarter included $1.6M in securities losses from balance sheet repositioning and $1.8M in insurance proceeds from a branch fire.
Key Financial Metrics
Key Facts
- Net income $16.0M vs $12.8M YoY (+25.5%) and $14.3M QoQ (+11.9%)
- Diluted EPS $0.77 vs $0.68 YoY and consensus $0.72 (6.9% beat)
- Net interest margin 3.93% vs 3.58% YoY (+35bp)
- Efficiency ratio improved to 55.3% from 61.4% YoY
- Total loans +$38.0M (+1.2%) linked quarter
- Non-performing assets declined to $27.6M from $31.3M at Dec 2025 (-11.7%)
- Net charge-offs $0.1M vs $0.6M YoY
- PPNR $21.1M vs $15.9M YoY (+32.7%)
- Brokered deposits reduced $25.0M linked quarter, down $77M since Dec 2025
- Repurchased 82,075 shares YTD; quarterly dividend $0.18/share unchanged
Financial Impact
EPS beat consensus by 6.9% ($0.77 actual vs $0.72 estimate); net income up $3.3M YoY; NIM +35bp; efficiency ratio -610bp YoY
Risk Factors
- AOCI worsened $23.6M in 9M 2026 due to rate moves, pressuring tangible book value ($19.87 vs $20.43 QoQ)
- Provision for credit losses increased to $1.3M from $0.2M YoY
- Compensation expense +$3.2M YTD (+7.3%) on 27 FTE headcount growth
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-428313 |
| Document: civb-20261022.htm | 0001193125-26-428313 |
| Document: 0001193125-26-428313-index-headers.html | 0001193125-26-428313 |
| Document: 0001193125-26-428313-index.html | 0001193125-26-428313 |
| Document: 0001193125-26-428313.txt | 0001193125-26-428313 |
| 8-K Data (Synthetic) | 0001193125-26-428313 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $28.29 | awaiting T+1 | — | $28.05 (−0.85%) |
Oct 22, 2026 5d ago | 8-K | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.05 (−0.36%) |
Oct 22, 2026 5d ago | Press Release | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.05 (−0.36%) |
Oct 21, 2026 5d ago | 8-K | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.05 (−0.36%) |
Oct 21, 2026 5d ago | Press Release | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.05 (−0.36%) |
Oct 8, 2026 18d ago | SC 13G | $26.94 $26.41 | ▼ −1.97% | ▼ −2.57% | $28.05 (+4.12%) |
Oct 1, 2026 26d ago | Press Release | $26.57 $26.98 | ▲ +1.54% | ▲ +0.80% | $28.05 (+5.57%) |
Sep 22, 2026 4w ago | Institutional Cluster | $27.03 $26.59 | ▼ −1.63% | ▼ −0.91% | $28.05 (+3.77%) |
Sep 18, 2026 5w ago | 8-K | $27.08 $27.03 | ▼ −0.18% | ▼ −0.17% | $28.05 (+3.58%) |
Sep 15, 2026 5w ago | 8-K | $27.16 $27.23 | ▲ +0.26% | ▼ −0.88% | $28.05 (+3.28%) |
US Market Status
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