Civista Bancshares Inc (OQ:CIVB)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 100 E Water St,
PO Box 5016
SANDUSKY OH 44870-2524
Tel: 1-419-6254121
IR: See website
Key People
James O. Miller
Chairman of the Board
Dennis G. Shaffer
President, Chief Executive Officer, Director
Lance A. Morrison
Senior Vice President, General Counsel, Secretary
Todd A. Michel
Senior Vice President, Controller
John A. Betts
Senior Vice President of the Bank and Senior Vice President
Richard J. Dutton
Senior Vice President and Executive Vice President, Chief Operating Officer of the Bank
Charles A. Parcher
Senior Vice President
Paul J. Stark
Senior Vice President, Chief Credit Officer of the Bank and Senior Vice President
Donna M. Waltz-Jaskolski
Senior Vice President
Business Overview
Civista Bancshares, Inc. is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services. The Company's loan portfolio consists of commercial and agriculture, commercial real estate-owner occupied, commercial real estate non-owner occupied, residential real estate, real estate construction, consumer and other. Its securities are classified as available-for-sale (AFS) securities. Its deposits include non-interest-bearing demand deposits; interest-bearing demand deposits; savings account, including money market deposit accounts, and certificates of deposit, including individual retirement accounts (IRAs).
Financial Overview
For the three months ended 31 March 2020, Civista Bancshares Inc interest income increased 2% to $25M. Net interest income after loan loss provision decreased 8% to $20M. Net income applicable to common stockholders decreased 18% to $7.8M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 8% to 4.1%, Net Interest Spread, Total - % decrease of 8% to 3.78%, Taxable securities decrease of 19% to $1.4M.
Employees: 457 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $23.21M as of Mar 31, 2020
Annual revenue (TTM): $98.47M as of Mar 31, 2020
EBITDA (TTM): $44.53M as of Mar 31, 2020
Net annual income (TTM): $31.56M as of Mar 31, 2020
Free cash flow (TTM): $41.59M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 16,038,713 as of May 5, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization