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Civista Bancshares
(NASDAQ:CIVB)
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Rating:68Neutral
Price Target:
$29.00
▲(5.92% Upside)
Action:Downgraded
Date:10/01/26
CIVB scores as moderately attractive, led by improving balance-sheet quality and strong cash flow conversion, supported by a low P/E and a solid dividend yield. The biggest near-term drag is weak technical momentum (below key moving averages with negative MACD) and the TTM revenue decline/margin volatility, though management’s earnings call outlook remains constructive with guided loan growth and relatively stable-to-slightly improving NIM.
Positive Factors
Strong cash conversion
Strong operating and free cash flow indicate that reported earnings are converting effectively into cash, supporting dividends, organic lending growth, technology investment, and capital resilience. This gives Civista greater flexibility to fund its regional banking strategy without relying solely on external financing.
Negative Factors
Revenue decline and margin volatility
The decline in trailing revenue and history of changing margins create uncertainty about the persistence of current earnings strength. Continued top-line pressure could reduce operating leverage and make it harder for Civista to sustain profitability if loan growth or funding conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash conversion
Strong operating and free cash flow indicate that reported earnings are converting effectively into cash, supporting dividends, organic lending growth, technology investment, and capital resilience. This gives Civista greater flexibility to fund its regional banking strategy without relying solely on external financing.
Read all positive factors
Civista Bancshares (CIVB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$555.12M
Dividend Yield2.66%
Average Volume (3M)128.94K
Price to Earnings (P/E)9.9
Beta (1Y)0.73
Revenue Growth4.88%
EPS Growth6.47%
CountryUS
Employees548
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.70
Shares Outstanding20,783,348
10 Day Avg. Volume100,584
30 Day Avg. Volume128,942
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.72
Price to Sales (P/S)1.53
P/FCF Ratio9.24
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue3.37
Enterprise Value/Gross Profit5.12
Enterprise Value/Ebitda24.89
Forecast
1Y Price Target
$31.67Price Target Upside15.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.84
Revenue Forecast (FY)$193.68M
Civista Bancshares Business Overview & Revenue Model
Company Description
Serving as the financial holding company for Civista Bank, Civista Bancshares, Inc. delivers comprehensive community banking services. The company actively gathers various customer deposits and provides a broad spectrum of lending products, encomp...
How the Company Makes Money
Civista Bancshares makes money primarily through its banking subsidiary by generating net interest income and noninterest income. (1) Net interest income: The bank earns interest and fees on loans (including commercial, commercial real estate, res...
Civista Bancshares Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call emphasized multiple strong operating and capital metrics: sizable year-over-year net income growth (+30%), meaningful pre-provision net revenue expansion (+36% YoY), NIM expansion, substantial organic loan production and growing pipelines, improved efficiency, and steady capital generation and dividend policy. Headwinds include sequential net income and noninterest income volatility, deposit competitive pressures and migration to higher-rate accounts, unrealized securities losses, and elevated loan payoffs that partially offset originations. Management expects modest expense reinvestments, continued reduction of brokered funding, mid-single-digit loan growth for the remainder of 2026, and limited near-term M&A activity. Overall the positives (strong profitability, margin expansion, loan production, capital strength and liquidity) outweigh the negatives (sequential volatility, funding competition and mark-to-market securities losses), leading to a constructive outlook.Positive Updates
Strong Net Income and Earnings Per Share Performance
Net income of $14.3 million in Q2 2026, or $0.69 per diluted share, representing a $3.3 million (30%) increase vs. Q2 2025. Sequentially down $674 thousand but materially higher year-over-year.
Negative Updates
Sequential Net Income Decline
Net income was down $674 thousand compared to the linked quarter, indicating some sequential pressure despite strong year-over-year growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Net Income and Earnings Per Share Performance
Net income of $14.3 million in Q2 2026, or $0.69 per diluted share, representing a $3.3 million (30%) increase vs. Q2 2025. Sequentially down $674 thousand but materially higher year-over-year.
Read all positive updates
Company Guidance
Management guided to modest expense and margin moves and mid‑single digit loan growth for the back half of 2026: noninterest expense is expected to be about $29.6M–$30.0M in Q3 (and roughly similar in Q4) versus $28.7M in Q2; noninterest income is forecast at $9.0M–$9.3M in Q3 and flat in Q4; assuming no rate moves NIM should be roughly flat in Q3 (±1–2 bps) with another 1–2 bps of possible expansion in Q4, potentially finishing in the upper‑3.80% to low‑3.90% range; loan growth is expected at a mid‑single digit pace supported by pipelines up 14% (residential) and 42% (commercial) and $250M of undrawn construction lines; management also plans to reduce brokered deposits by about $25M in each of the next two quarters, reinvest capital into producers, treasury/PM/private banking, marketing and technology, and continue evaluating dividends, buybacks and M&A.Civista Bancshares Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
73
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 224.51M | 254.95M | 241.90M | 217.48M | 152.98M | 134.19M |
| Gross Profit | 147.77M | 169.17M | 146.55M | 155.80M | 135.28M | 123.73M |
| EBITDA | 30.40M | 65.11M | 47.60M | 62.95M | 52.79M | 51.25M |
| Net Income | 54.33M | 46.21M | 31.68M | 42.96M | 39.43M | 40.55M |
Balance Sheet | ||||||
| Total Assets | 4.29B | 4.34B | 4.10B | 3.86B | 3.64B | 3.01B |
| Cash, Cash Equivalents and Short-Term Investments | 765.10M | 399.83M | 329.94M | 679.90M | 660.24M | 815.06M |
| Total Debt | 228.38M | 284.18M | 450.88M | 454.19M | 643.35M | 204.23M |
| Total Liabilities | 3.73B | 3.79B | 3.71B | 3.49B | 3.30B | 2.66B |
| Stockholders Equity | 566.78M | 543.47M | 388.50M | 372.00M | 334.83M | 355.21M |
Cash Flow | ||||||
| Free Cash Flow | 56.25M | 42.12M | 44.06M | 59.27M | 18.68M | 38.83M |
| Operating Cash Flow | 57.87M | 43.27M | 48.25M | 62.70M | 25.18M | 40.76M |
| Investing Cash Flow | 155.58M | 55.59M | -258.80M | -311.78M | -410.36M | -130.50M |
| Financing Cash Flow | -225.56M | -84.70M | 213.30M | 266.13M | 164.30M | 216.93M |
Civista Bancshares Technical Analysis
Negative
27.38
Price Trends
27.48
Negative
27.35
Negative
25.28
Positive
Market Momentum
-0.22
Negative
45.52
Neutral
56.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIVB, the sentiment is Negative. The current price of 27.38 is above the 20-day moving average (MA) of 26.87, below the 50-day MA of 27.48, and above the 200-day MA of 25.28, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 45.52 is Neutral, neither overbought nor oversold. The STOCH value of 56.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CIVB.
Civista Bancshares Risk Analysis
Civista Bancshares disclosed 25 risk factors in its most recent earnings report. Civista Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Civista Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $582.10M | 14.19 | 15.60% | 1.20% | 9.67% | 31.74% | |
75 Outperform | $432.55M | 6.56 | 15.91% | 3.74% | -20.46% | -308.00% | |
73 Outperform | $437.40M | 10.27 | 9.57% | 1.87% | 4.37% | 12.24% | |
71 Outperform | $512.05M | 11.48 | 12.38% | 2.63% | -1.11% | 17.59% | |
68 Neutral | $555.12M | 9.89 | 10.05% | 2.66% | 4.88% | 6.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | $342.89M | 36.19 | 3.40% | 24.36% | -10.98% | ― |
* Financial Sector Average
CIVB
Civista Bancshares
26.71
6.74
33.76%
BMRC
Bank Of Marin Bancorp
26.71
4.40
19.71%
GCBC
Greene County Bancorp
34.19
12.53
57.84%
BSRR
Sierra Bancorp
39.50
12.32
45.33%
FRBA
First Bank
17.67
2.61
17.34%
BRBS
Blue Ridge Bankshares
3.88
0.56
16.80%
Civista Bancshares Corporate Events
Business Operations and StrategyExecutive/Board Changes
Civista Bancshares Names Mark Sams Chief Revenue Officer
Positive
Oct 1, 2026
On October 1, 2026, Civista Bancshares, Inc. appointed Mark J. Sams as Senior Vice President and Chief Revenue Officer, adding him to the executive leadership teams of both Civista Bancshares and Civista Bank. Sams, who has led Treasury Management...
Business Operations and Strategy
Civista Bancshares Showcases Strategy at Stephens Bank Forum
Positive
Sep 18, 2026
Civista Bancshares said its executive leadership will participate in the Stephens 16th Annual Bank Forum in Little Rock, Arkansas, on September 23-24, 2026, where it plans to meet institutional investors and peers to discuss banking trends, strate...
Business Operations and StrategyFinancial Disclosures
Civista Bancshares Plans Q3 2026 Earnings Release and Call
Neutral
Sep 15, 2026
On September 15, 2026, Civista Bancshares, Inc. announced it would release its third quarter 2026 financial results before the market opens on Thursday, October 22, 2026. The company also scheduled a conference call and webcast for 1:00 p.m. Easte...
Executive/Board Changes
Civista Bancshares appoints Chuck Parcher as CEO
Positive
Aug 31, 2026
On August 31, 2026, Civista Bancshares, Inc. announced that Charles A. “Chuck” Parcher assumed the role of President and Chief Executive Officer of both Civista Bancshares and Civista Bank. The move completes a leadership succession pr...
Dividends
Civista Bancshares Updates Third-Quarter Dividend Record Date
Neutral
Jul 24, 2026
On July 24, 2026, Civista Bancshares, Inc. announced that it had corrected the record date for its previously declared third-quarter cash dividend, moving it from August 14, 2026, to the new and accurate date of August 4, 2026. The dividend remain...
Business Operations and StrategyFinancial Disclosures
Civista Bancshares Highlights Q2 Results at KBW Conference
Positive
Jul 24, 2026
Civista Bancshares said it will present at the KBW Summer Bank Conference from July 27 to 29, 2026, using its second-quarter 2026 investor deck to brief institutional investors and peers on banking trends, strategic growth plans and its long-term ...
DividendsFinancial Disclosures
Civista Bancshares Declares Consistent Third-Quarter Cash Dividend
Positive
Jul 22, 2026
Civista Bancshares, Inc. is a $4.3 billion financial holding company based in Sandusky, Ohio, whose main subsidiary, Civista Bank, delivers full-service banking, commercial lending, mortgage and wealth management across 44 branches in Ohio, Southe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.