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
Donna M. Waltz-Jaskolski
Senior Vice President
Dennis G. Shaffer
President, Chief Executive Officer, Director
Lance A. Morrison
Senior Vice President, General Counsel, Secretary
Todd A. Michel
Senior Vice President, Controller of the Company and the Bank
John A. Betts
Senior Vice President of the Company and the Bank
Richard J. Dutton
Senior Vice President; Executive Vice President of the Bank
W. Michael McLaughlin
Senior Vice President
Charles A. Parcher
Senior Vice President
Paul J. Stark
Senior Vice President of the company and the bank
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 fiscal year ended 31 December 2019, Civista Bancshares Inc interest income increased 33% to $98.1M. Net interest income after loan loss provision increased 29% to $84.1M. Net income applicable to common stockholders increased from $13.2M to $33.2M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 2% to 4.31%, Net Interest Spread, Total - % increase of 1% to 3.99%, Loans.
Employees: 457 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $345.71M as of Dec 31, 2019
Annual revenue (TTM): $98.05M as of Dec 31, 2019
EBITDA (TTM): $47.62M as of Dec 31, 2019
Net annual income (TTM): $33.23M as of Dec 31, 2019
Free cash flow (TTM): $29.13M as of Dec 31, 2019
Net Debt Last Fiscal Year: $101.07M as of Dec 31, 2019
Shares outstanding: 16,541,000 as of Feb 28, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization