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Civista Bancshares, Inc. Announces First-Quarter 2025 Financial Results of $0.66 per Common Share, up $0.25 per Common Share from First-Quarter 2024
Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") today reported net income of $10.2 million, or $0.66 per common share, for the quarter ended March 31, 2025.
About this update from Civista Bancshares, Inc.
[{"type":"text","content":"SANDUSKY, Ohio, April 24, 2025 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") today reported net income of $10.2 million, or $0.66 per common share, for the quarter ended March 31, 2025.","length":216,"tagName":"p"},{"type":"image","alt":"Civista Bancshares, Inc.","displaySize":"","headline":null,"caption":"Civista Bancshares, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":140,"url":"https://media.zenfs.com/en/prnewswire.com/628735d706b0c629d326f5f9afa717fc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ucMDGZW3mWlI6qCfdYelIw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/628735d706b0c629d326f5f9afa717fc","width":400,"height":140}},"href":"https://mma.prnewswire.com/media/241852/civista_bancshares_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income reflects a 59%, or $3.8 million increase of net income compared to net income of $6.4 million for the first-quarter of 2024.","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings per share reflects an increase of $0.25 per common share, compared to $0.41 per common share for the first-quarter of 2024.","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest margin (tax equivalent) of 3.51%, compared to 3.22% in the first-quarter of 2024, and 3.36% in the fourth-quarter of 2024.","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Noninterest expense of $27.1 million, $1.2 million or 4.1% lower than the fourth-quarter of 2024.","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"200 basis points cost of deposits, 231 basis points cost of funds for the first-quarter of 2025, 11 basis points lower than the 242 basis points cost of funds in the fourth-quarter of 2024.","length":189,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":688,"olType":false},{"type":"text","content":"CEO Commentary:","length":15,"tagName":"p"},{"type":"text","content":""I was extremely pleased with our first-quarter earnings and performance. Our focus remains on staying disciplined in our loan and deposit pricing and to grow deposits and deepen customer relationships,", said Dennis G. Shaffer, CEO and President of Civista.","length":268,"ta...