The strong beat, margin expansion, and improving efficiency signal accelerating profitability from the FSB merger. Monitor the Dec 2026 quarter for continued NIM expansion and loan growth trajectory, as well as any update on the share repurchase program.
Price Chart
Executive Summary
Civista Bancshares reported Q3 2026 EPS of $0.77, a 10.5% beat vs $0.70 consensus, on net income of $16.0M (+25.5% YoY). Net interest margin expanded 35 bps to 3.93%, the efficiency ratio improved to 55.3%, and credit quality remained strong with NPAs declining. The beat was driven by disciplined deposit pricing, lower funding costs, and solid loan growth.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $0.77 beat consensus of $0.70 by 10.5%
- Net income of $16.0M, up 25.5% YoY from $12.8M
- Net interest margin expanded 35 bps YoY to 3.93%
- Efficiency ratio improved to 55.3% from 61.4% YoY
- Pre-Provision Net Revenue (PPNR) of $21.1M, up 33% YoY from $15.9M
- Total loans grew $38M (1.2%) QoQ; brokered deposits declined $25M
- Non-performing assets fell to $27.6M, down 11.7% from Dec 2025
- Tangible book value per share rose 3.1% YTD to $19.87
- Quarterly dividend maintained at $0.18/share (2.73% annualized yield)
Financial Impact
EPS beat of $0.07 (10.5%) on consensus of $0.70; net income up $3.3M YoY
Risk Factors
- Net securities loss of $1.6M from balance sheet repositioning may recur
- Provision for credit losses increased to $1.3M from $0.2M YoY
- AOCI loss widened to $63.9M from $40.3M at Dec 2025, pressuring book value
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302916081 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $28.29 | awaiting T+1 | — | $28.29 (+0.00%) |
Oct 22, 2026 4d ago | 8-K | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.29 (+0.50%) |
Oct 22, 2026 4d ago | Press Release | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.29 (+0.50%) |
Oct 21, 2026 5d ago | 8-K | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.29 (+0.50%) |
Oct 21, 2026 5d ago | Press Release | $28.15 $28.29 | ▲ +0.50% | ▲ +1.02% | $28.29 (+0.50%) |
Oct 8, 2026 18d ago | SC 13G | $26.94 $26.41 | ▼ −1.97% | ▼ −2.57% | $28.29 (+5.01%) |
Oct 1, 2026 25d ago | Press Release | $26.57 $26.98 | ▲ +1.54% | ▲ +0.80% | $28.29 (+6.47%) |
Sep 22, 2026 4w ago | Institutional Cluster | $27.03 $26.59 | ▼ −1.63% | ▼ −0.91% | $28.29 (+4.66%) |
Sep 18, 2026 5w ago | 8-K | $27.08 $27.03 | ▼ −0.18% | ▼ −0.17% | $28.29 (+4.47%) |
Sep 15, 2026 5w ago | 8-K | $27.16 $27.23 | ▲ +0.26% | ▼ −0.88% | $28.29 (+4.16%) |
US Market Status
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