Civista Bancshares reports Q4 EPS 77c, consensus 75c

Reports Q4 NII up $9.2M, or 39.6%, to $32.57M vs. the same period of 2021. Tangible book value per share was $12.80 at period end from $12.43 at previous period end. Q4 provision for loan losses was $752K vs. no provision in 4Q21."We are extremely pleased with our fourth quarter results. Due to our strong core funding, our disciplined approach to pricing deposits and the rising interest rate environment, we had another quarter of net interest margin expansion. Our net interest margin improved 11 basis points over the linked quarter to 4.14%. In addition, loan growth for the quarter was strong and loans, exclusive of our VFG acquisition, grew by $151 million or at an annualized rate of 26%", said Dennis Shaffer, CEO.