Civista Bancshares Reports Q4 Earnings Beat
(SANDUSKY, Ohio) - Civista Bancshares Inc. (CIVB) announced its fourth-quarter earnings on Thursday, surpassing Wall Street expectations.
Key Financial Highlights:
* Earnings of $9.9 million, or 63 cents per share
* Revenue of $62.2 million
* Net interest income of $40.4 million
These results exceeded analysts' estimates of 53 cents per share in earnings. For the full year, Civista reported a profit of $31.7 million ($2.01 per share) with revenues of $154.5 million.
Analyst Commentary:
Analysts from Zacks Investment Research noted that the company's performance was driven by strong net interest income and overall revenue growth.
Additional Information:
* Zacks Investment Research provides a comprehensive stock report on CIVB.
* Access the report at: https://www.zacks.com/ap/CIVB