Civista Bancshares (CIVB)


Market Price (8/9/2026): $28.33 | Market Cap: $588.9 MilSector: Financials | Industry: Regional Banks

Civista Bancshares (CIVB)


Market Price (8/9/2026): $28.33
Market Cap: $588.9 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.2%, FCF Yield is 9.6%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

Trading close to highs
Dist 52W High is -2.7%, Dist 3Y High is -2.7%

Key risks
CIVB key risks include [1] significant exposure to interest rate fluctuations that have already decreased its net interest income as interest expense outpaces income, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.2%, FCF Yield is 9.6%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
3 Low stock price volatility
Vol 12M is 25%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
5 Trading close to highs
Dist 52W High is -2.7%, Dist 3Y High is -2.7%
6 Key risks
CIVB key risks include [1] significant exposure to interest rate fluctuations that have already decreased its net interest income as interest expense outpaces income, Show more.

CIVB in ETFs

Weight = CIVB's share of each fund

IWM0.02%
VIG0.00%
KRE0.07%
IWN0.04%
VTWO0.02%
AVUV0.02%
DFAS0.01%
DFAC0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

Civista Bancshares (CIVB) stock has gained about 15% since 4/30/2026 because of the following key factors:

1. Strong Fiscal Second Quarter 2026 Earnings Beat and Significant Net Income Growth.

Civista Bancshares reported robust results for fiscal Q2 2026, which ended June 30, 2026, with diluted earnings per share (EPS) of $0.69. This exceeded the consensus analyst estimate of $0.67 by $0.02, or 2.99%. The company also announced a 30.0% increase in net income to $14.3 million for fiscal Q2 2026, compared to $11.0 million in fiscal Q2 2025. This strong performance was further underscored by a rise in Pre-Provision Net Revenue (PPNR) to $18.9 million from $13.9 million year-over-year, and an improved Return on Assets (ROA) of 1.34% compared to 1.06% in the prior year's quarter.

2. Expanded Net Interest Margin and Optimized Funding Costs.

Civista Bancshares demonstrated significant improvement in its net interest margin and funding strategy during fiscal Q2 2026. The tax-equivalent net interest margin expanded by 25 basis points year-over-year to 3.89%. Concurrently, the cost of funds declined by 37 basis points year-over-year to 1.94%. This was supported by active liability management, including a reduction in higher-cost brokered deposits by $25.0 million sequentially and $52.0 million since year-end 2025. These efforts contributed to increased profitability by widening the spread between interest earned on assets and interest paid on liabilities.

Show more
Updated on 8/1/2026

Civista Bancshares (CIVB) stock has gained about 15% since 4/30/2026 because of the following key factors:

1. Strong Fiscal Second Quarter 2026 Earnings Beat and Significant Net Income Growth.

Civista Bancshares reported robust results for fiscal Q2 2026, which ended June 30, 2026, with diluted earnings per share (EPS) of $0.69. This exceeded the consensus analyst estimate of $0.67 by $0.02, or 2.99%. The company also announced a 30.0% increase in net income to $14.3 million for fiscal Q2 2026, compared to $11.0 million in fiscal Q2 2025. This strong performance was further underscored by a rise in Pre-Provision Net Revenue (PPNR) to $18.9 million from $13.9 million year-over-year, and an improved Return on Assets (ROA) of 1.34% compared to 1.06% in the prior year's quarter.

2. Expanded Net Interest Margin and Optimized Funding Costs.

Civista Bancshares demonstrated significant improvement in its net interest margin and funding strategy during fiscal Q2 2026. The tax-equivalent net interest margin expanded by 25 basis points year-over-year to 3.89%. Concurrently, the cost of funds declined by 37 basis points year-over-year to 1.94%. This was supported by active liability management, including a reduction in higher-cost brokered deposits by $25.0 million sequentially and $52.0 million since year-end 2025. These efforts contributed to increased profitability by widening the spread between interest earned on assets and interest paid on liabilities.

3. Positive Loan Growth and Strong Credit Quality.

The company experienced continued loan growth, with total loans increasing by $25.2 million, or 0.8%, in fiscal Q2 2026 compared to fiscal Q1 2026, equating to an annualized growth rate of approximately 3.1%. Future growth prospects were highlighted by a 14% year-over-year increase in the residential mortgage loan pipeline and a 42% increase in the commercial loan pipeline as of June 30, 2026. Additionally, Civista Bancshares maintained strong credit quality, with net charge-offs significantly decreasing to $0.1 million in fiscal Q2 2026 from $1.0 million in fiscal Q2 2025. Non-performing assets also decreased by 2.6% to $30.5 million from December 31, 2025, further bolstering investor confidence.

4. Analyst Price Target Increases.

Following the positive financial results and operational improvements, several financial analysts revised their price targets upwards for Civista Bancshares. For instance, Piper Sandler increased its price target from $27 to $30 on June 25, 2026, and further to $31 on July 27, 2026. DA Davidson raised its price target from $31 to $33 on July 27, 2026, and Keefe, Bruyette & Woods increased its price target from $29 to $31 on July 24, 2026. These multiple upward revisions in price targets signal increasing analyst confidence in the company's future performance and valuation.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 15.5% change in CIVB stock from 4/30/2026 to 8/8/2026 was primarily driven by a 9.5% change in the company's Net Income Margin (%).
(LTM values as of)43020268082026Change
Stock Price ($)24.5428.3315.5%
Change Contribution By: 
Total Revenues ($ Mil)1701837.4%
Net Income Margin (%)27.1%29.7%9.5%
P/E Multiple10.510.82.7%
Shares Outstanding (Mil)2021-4.4%
Cumulative Contribution15.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/8/2026
ReturnCorrelation
CIVB15.5% 
Market (SPY)7.6%-9.7%
Sector (XLF)10.5%44.6%

Fundamental Drivers

The 19.9% change in CIVB stock from 1/31/2026 to 8/8/2026 was primarily driven by a 11.5% change in the company's Net Income Margin (%).
(LTM values as of)13120268082026Change
Stock Price ($)23.6328.3319.9%
Change Contribution By: 
Total Revenues ($ Mil)16518311.2%
Net Income Margin (%)26.6%29.7%11.5%
P/E Multiple10.110.87.1%
Shares Outstanding (Mil)1921-9.7%
Cumulative Contribution19.9%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/8/2026
ReturnCorrelation
CIVB19.9% 
Market (SPY)12.1%17.1%
Sector (XLF)8.3%46.0%

Fundamental Drivers

The 51.1% change in CIVB stock from 7/31/2025 to 8/8/2026 was primarily driven by a 33.0% change in the company's P/E Multiple.
(LTM values as of)73120258082026Change
Stock Price ($)18.7528.3351.1%
Change Contribution By: 
Total Revenues ($ Mil)15718316.8%
Net Income Margin (%)22.6%29.7%31.0%
P/E Multiple8.110.833.0%
Shares Outstanding (Mil)1521-25.8%
Cumulative Contribution51.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/8/2026
ReturnCorrelation
CIVB51.1% 
Market (SPY)23.4%22.7%
Sector (XLF)11.3%48.9%

Fundamental Drivers

The 73.8% change in CIVB stock from 7/31/2023 to 8/8/2026 was primarily driven by a 85.3% change in the company's P/E Multiple.
(LTM values as of)73120238082026Change
Stock Price ($)16.3028.3373.8%
Change Contribution By: 
Total Revenues ($ Mil)15018322.0%
Net Income Margin (%)29.2%29.7%1.6%
P/E Multiple5.810.885.3%
Shares Outstanding (Mil)1621-24.3%
Cumulative Contribution73.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/8/2026
ReturnCorrelation
CIVB73.8% 
Market (SPY)74.9%31.7%
Sector (XLF)70.4%50.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CIVB Return42%-8%-13%19%9%32%95%
Peers Return34%3%-5%27%-3%28%107%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
CIVB Win Rate67%33%33%58%58%62% 
Peers Win Rate70%40%42%48%47%65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CIVB Max Drawdown-14%-20%-36%-24%-23%-12% 
Peers Max Drawdown-20%-24%-36%-16%-23%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FFBC, SYBT, FRME, PRK, ONB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

How Low Can It Go

EventCIVBS&P 500
2025 US Tariff Shock
  % Loss-13.1%-18.8%
  % Gain to Breakeven15.1%23.1%
  Time to Breakeven17 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.3%-9.5%
  % Gain to Breakeven28.7%10.5%
  Time to Breakeven48 days24 days
2023 SVB Regional Banking Crisis
  % Loss-32.7%-6.7%
  % Gain to Breakeven48.5%7.1%
  Time to Breakeven547 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-17.1%-24.5%
  % Gain to Breakeven20.7%32.4%
  Time to Breakeven919 days427 days
2020 COVID-19 Crash
  % Loss-45.4%-33.7%
  % Gain to Breakeven83.0%50.9%
  Time to Breakeven327 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-32.6%-19.2%
  % Gain to Breakeven48.3%23.8%
  Time to Breakeven361 days105 days

Compare to FFBC, SYBT, FRME, PRK, ONB

In The Past

Civista Bancshares's stock fell -13.1% during the 2025 US Tariff Shock. Such a loss loss requires a 15.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCIVBS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.3%-9.5%
  % Gain to Breakeven28.7%10.5%
  Time to Breakeven48 days24 days
2023 SVB Regional Banking Crisis
  % Loss-32.7%-6.7%
  % Gain to Breakeven48.5%7.1%
  Time to Breakeven547 days31 days
2020 COVID-19 Crash
  % Loss-45.4%-33.7%
  % Gain to Breakeven83.0%50.9%
  Time to Breakeven327 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-32.6%-19.2%
  % Gain to Breakeven48.3%23.8%
  Time to Breakeven361 days105 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-27.5%-15.4%
  % Gain to Breakeven37.8%18.2%
  Time to Breakeven643 days125 days
2008-2009 Global Financial Crisis
  % Loss-60.8%-53.4%
  % Gain to Breakeven154.9%114.4%
  Time to Breakeven2572 days1085 days

Compare to FFBC, SYBT, FRME, PRK, ONB

In The Past

Civista Bancshares's stock fell -13.1% during the 2025 US Tariff Shock. Such a loss loss requires a 15.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Civista Bancshares (CIVB)

Civista Bancshares, Inc. (CIVB) is a financial holding company operating primarily through its subsidiary, Civista Bank. The company provides comprehensive community banking services, focusing on gathering customer deposits and extending a variety of loans to individuals and businesses. Its core mission is to serve the financial needs of the local communities where it operates.

The bank's main products and services include a wide array of loans such as commercial and agriculture loans, commercial and residential real estate loans, farm real estate loans, real estate construction loans, and consumer loans, along with offering letters of credit. Beyond lending, Civista Bancshares also engages in purchasing securities and provides essential trust and third-party insurance services. Civista Bank primarily serves customers through its branch banking offices located across numerous communities in Ohio and Indiana, supplemented by loan production offices in Westlake, Ohio, and Fort Mitchell, Kentucky.

AI Analysis | Feedback

Here are a couple of analogies for Civista Bancshares:

  • Civista Bancshares is like a regional Bank of America, primarily serving communities in Ohio and Indiana.
  • Think of it as a community-centric Chase Bank for Ohio and Indiana.

AI Analysis | Feedback

  • Deposit Services: Collects a range of customer deposits, including checking, savings, and money market accounts.
  • Loan Services: Provides various types of loans, such as commercial, agriculture, real estate (commercial, residential, farm, and construction), and consumer loans.
  • Letters of Credit: Offers letters of credit to facilitate commercial transactions and provide financial guarantees.
  • Trust Services: Provides fiduciary services for managing assets on behalf of individuals and institutions.
  • Third-Party Insurance Services: Offers insurance products, typically through partnerships, to meet customer needs.

AI Analysis | Feedback

Civista Bancshares (CIVB)

Civista Bancshares, Inc., through its subsidiary Civista Bank, primarily provides community banking services to a broad base of individual consumers and businesses within its operating communities. As a financial institution, it does not typically have "major customers" in the traditional sense of a few large entities comprising a significant portion of its revenue. Instead, its customer base is diverse.

Based on the company description, Civista Bancshares serves the following categories of customers:

  • Individual Consumers: This category includes individuals who utilize the bank for a range of personal financial services, such as collecting deposits, obtaining consumer loans, and other personal banking needs.
  • Commercial and Agricultural Businesses: The bank offers commercial and agriculture loans, as well as general business banking services, to various small and medium-sized enterprises, including farms and other agricultural operations, within its service areas.
  • Real Estate Developers and Investors: Civista Bank provides financing for commercial and residential real estate, farm real estate, and real estate construction, catering to developers, investors, and property owners.

AI Analysis | Feedback

null

AI Analysis | Feedback

Dennis G. Shaffer, CEO and President

Dennis G. Shaffer joined Civista Bancshares, Inc. in 2009 and has served as CEO and President since December 2017. He also holds the title of Vice Chairman of the Board. With 40 years of banking experience, Mr. Shaffer began his career with The Ohio Bank in 1985. He previously held positions as senior vice president and district president for Sky Bank's Columbus, Ohio region and as senior vice president in charge of investment real estate at Huntington Bank. Mr. Shaffer is slated to retire on August 28, 2026, and will remain Chairman of the Board.

Ian Whinnem, Executive Vice President, Chief Financial Officer

Ian Whinnem became Civista's Executive Vice President, Chief Financial Officer in June 2024. He brings over 25 years of corporate finance management experience in the banking sector. Prior to joining Civista, Mr. Whinnem served as Senior Vice President, director of Profitability Management and Capital Utilization for Huntington Bancshares, Inc. His career started in 1998 with FirstMerit Corporation, where he held various finance roles, including Director of Finance, before its acquisition by Huntington in 2016.

Charles A. Parcher, Executive Vice President, President of Civista Bank

Charles A. Parcher joined Civista in 2016 and currently serves as Executive Vice President of Civista Bancshares, Inc. and President of Civista Bank. He is also the CEO-elect, succeeding Mr. Shaffer on August 28, 2026. Mr. Parcher has over 36 years of banking experience, including previous roles as Market President for FirstMerit in Northwest Ohio, Executive Vice President at Sky Bank overseeing commercial banking operations, and Senior Vice President and commercial region manager at Huntington Bank.

Richard J. Dutton, Senior Vice President, Chief Operating Officer

Richard J. Dutton joined Civista in 2006 as executive vice president of Civista Bank and senior vice president of the holding company, becoming Civista Bank's Chief Operating Officer in 2013. Prior to Civista, from 2002 to 2006, he was vice president and treasurer of Peoples Ohio Financial Corp, and he also had a 17-year career in public accounting with BKD, LLP.

Robert L. Katitus, Senior Vice President, Chief Lending Officer

Robert L. Katitus joined Civista in 2010 and holds the title of Senior Vice President, Chief Lending Officer for both Civista Bancshares, Inc. and Civista Bank. He has over 25 years of banking and commercial lending experience. Mr. Katitus previously served as Senior Vice President and Regional Market Executive for Northeast Ohio and oversaw commercial banking in Northwest Ohio after the 2022 merger with The Henry County Bank. He held leadership roles in commercial lending at Park View Federal Savings Bank and began his banking career in 1998 at National City Corporation.

AI Analysis | Feedback

The key risks to Civista Bancshares (CIVB) are primarily related to its liquidity, the broader economic environment impacting credit quality, and the integration of acquired entities.

Key Risks to Civista Bancshares (CIVB)

  1. Liquidity Risk and Deposit Volatility: Civista Bancshares faces significant liquidity risk due to its reliance on customer deposits to fund its operations, with these deposits being payable on demand. The company experienced deposit outflows in 2023, particularly concerning uninsured deposits, following failures of other regional banks, which highlights a vulnerability to reduced depositor confidence. This reliance on deposits means that factors like interest rate fluctuations, regulatory changes, or economic downturns can impact the company's ability to maintain sufficient liquidity. Additionally, intense competition for deposits puts pressure on pricing, leading to a shift towards higher-cost products and affecting the net interest margin. Customers' ability to easily seek higher-yielding alternatives elsewhere further exacerbates this pressure on profitability.
  2. Economic Uncertainties and Credit Risk: As a community bank, Civista Bancshares is exposed to general economic uncertainties that can influence loan demand and overall interest rate sensitivity. While the company maintained strong credit quality with low delinquencies and charge-offs in late 2023, the inherent nature of banking means that changes in economic conditions, such as unemployment and vacancy trends, could adversely affect the quality of its loan portfolio. The company's risk management explicitly monitors credit risk, including the characteristics, concentration, and quality of its credit portfolio.
  3. Acquisition Integration Risks: Civista Bancshares is undertaking strategic acquisitions, such as the pending merger with The Farmers Savings Bank by the fourth quarter of 2025. Such mergers introduce integration risks, including challenges in combining systems and organizational cultures, as well as the risk that the anticipated synergy benefits may not be fully realized.

AI Analysis | Feedback

The clear emerging threats to Civista Bancshares, Inc., a traditional community bank, are the rise of **digital-only banks (neobanks)** and **specialized financial technology (fintech) companies**. These entities utilize technology to offer banking services, attract deposits, and provide various lending products (including commercial, real estate, and consumer loans) primarily through online platforms and mobile applications. This digital-first model directly challenges Civista Bancshares' traditional branch-based operations and customer acquisition strategies by offering enhanced convenience, potentially lower fees, or more streamlined processes, thereby attracting customers who prefer digital interactions and potentially more competitive offerings.

AI Analysis | Feedback

Addressable Market Sizes for Civista Bancshares' Main Products and Services

  • Customer Deposits:
    • Ohio: Approximately $565.32 billion (2025).
    • Indiana: $209 billion (2024).
  • Commercial Loans:
    • Ohio (Commercial Banking industry revenue, which includes commercial, industrial, and consumer loans): Projected $63.8 billion (2026).
    • Indiana: Not specifically available for Indiana.
  • Agriculture Loans (Small Farm Loans):
    • Ohio: $1.4 billion (2024).
    • Indiana: $847.8 million (2024).
  • Commercial Real Estate Loans:
    • Ohio (Annual commercial real estate transaction volume): Approximately $14.2 billion.
    • Indiana: Not specifically available for Indiana.
  • Residential Real Estate Loans (New Home Loans):
    • Ohio: $38.9 billion in new home loans originated (2024).
    • Indiana: $17.2 billion in new home loans booked (2024).
  • Real Estate Construction Loans:
    • Ohio and Indiana: Not specifically available for the operating regions of Ohio and Indiana as a standalone market.
  • Consumer Loans:
    • Ohio and Indiana: Not specifically available for the operating regions of Ohio and Indiana as a standalone market.
  • Trust and Third-Party Insurance Services (Wealth Management):
    • Ohio (Central Ohio, Assets Under Management by top firms): Firms like Diamond Hill Capital Management manage $23.4 billion, Meeder Investment Management manages $17.9 billion, and Lifetime Financial Growth manages $5.3 billion in total assets under local management.
    • Indiana: Not specifically available for Indiana.

AI Analysis | Feedback

Civista Bancshares (CIVB) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Strategic Acquisitions: The company's recent acquisition of Farmers Savings Bank (FSB) in Q4 2025 is expected to enhance margins and contribute to overall growth by adding significant assets, loans, and deposits to its balance sheet. Integration and system conversion related to this acquisition were on track for completion in early 2026.
  2. Organic Loan Growth: Civista Bancshares forecasts mid-single-digit organic loan growth for 2026, with particular strength anticipated in the commercial and commercial & industrial (C&I) segments. The company also saw an 8.7% annualized growth rate in its organic loan portfolio in Q4 2025, excluding acquired loans, and an overall net loan increase of 6.1% year-over-year in 2025, including expansion in residential, commercial real estate, and consumer lending.
  3. Net Interest Margin Expansion: Management projects an expansion of its net interest margin, with an expected increase of 2-3 basis points in Q1 2026 and an additional 3-4 basis points in Q2, assuming future rate cuts. This expansion is supported by declining funding costs and steady asset yields, which contributed to an 11 basis point improvement in net interest margin to 3.69% in Q4 2025.
  4. Growth in Non-Interest Income: The company has provided guidance for non-interest income in Q1 2026, with expectations for an increase in Q2. This segment saw growth in Q4 2025 driven by higher interchange fees and leasing activity, suggesting a potential rebound after a full-year decline in 2025 primarily due to lower lease revenue.
  5. Digital Banking and Technology Investments: Civista Bancshares is investing in digital banking initiatives, having launched a digital deposit account opening platform in Q3 2025, which expanded in Q4 to include checking and money market accounts. Further investments in digital banking and technology are expected by management, aiming to attract customers and improve operational efficiency.

AI Analysis | Feedback

Capital Allocation Decisions (Last 3-5 Years)

Share Repurchases

  • On April 18, 2024, Civista Bancshares, Inc. announced a new stock repurchase program authorizing the purchase of up to an aggregate of $13.5 million of its outstanding common shares.
  • This new program replaced a prior share repurchase program, under which an aggregate of $1.5 million in common shares had been purchased through April 18, 2024.
  • The current repurchase program is scheduled to continue until April 15, 2025.

Share Issuance

  • Civista Bancshares completed a successful $80.5 million capital raise in late 2025, contributing to the company's net income.
  • The number of shares outstanding for Civista Bancshares increased by 13.19% in the year leading up to late 2025 or early 2026.
  • On January 2, 2026, 1,769 shares were withheld by the company to cover taxes upon the vesting of restricted shares.

Inbound Investments

  • Civista Bancshares executed a successful $80.5 million capital raise in late 2025.

Outbound Investments

  • Civista Bancshares completed the acquisition of Farmers Savings Bank in November 2025, which expanded its deposit base to approximately $3.5 billion and total assets to approximately $4.4 billion.
  • The company also completed the acquisition of Vision Financial Group Inc.

Capital Expenditures

  • In the last 12 months (prior to late 2025 or early 2026), Civista Bancshares reported capital expenditures of -$1.16 million.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CIVBFFBCSYBTFRMEPRKONBMedian
NameCivista .First Fi.Stock Ya.First Me.Park Nat.Old Nati. 
Mkt Price28.3333.6683.5842.59203.4026.5638.12
Mkt Cap0.63.52.52.63.710.13.1
Rev LTM1839964156926242,823658
Op Inc LTM-------
FCF LTM56756147315184940250
FCF 3Y Avg45437137281176660228
CFO LTM58792161315199987257
CFO 3Y Avg48463147281186697234

Growth & Margins

CIVBFFBCSYBTFRMEPRKONBMedian
NameCivista .First Fi.Stock Ya.First Me.Park Nat.Old Nati. 
Rev Chg LTM14.5%16.9%13.0%8.4%14.9%34.1%14.7%
Rev Chg 3Y Avg4.8%6.9%7.6%0.9%8.5%14.7%7.3%
Rev Chg Q15.1%15.3%17.4%19.3%26.4%13.2%16.3%
QoQ Delta Rev Chg LTM3.5%3.6%4.2%4.8%6.3%3.1%3.9%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM31.6%79.5%38.7%45.5%31.9%35.0%36.8%
CFO/Rev 3Y Avg29.0%50.2%39.7%42.9%34.1%30.5%36.9%
FCF/Rev LTM30.7%75.9%35.5%45.5%29.5%33.3%34.4%
FCF/Rev 3Y Avg27.3%47.4%36.8%42.9%32.3%28.8%34.6%

Valuation

CIVBFFBCSYBTFRMEPRKONBMedian
NameCivista .First Fi.Stock Ya.First Me.Park Nat.Old Nati. 
Mkt Cap0.63.52.52.63.710.13.1
P/S3.23.56.13.85.93.63.7
P/Op Inc-------
P/EBIT-------
P/E10.812.317.014.219.311.413.3
P/CFO10.24.415.88.418.510.310.2
Total Yield11.6%11.0%7.4%10.3%7.8%11.1%10.7%
Dividend Yield2.4%2.9%1.5%3.3%2.6%2.3%2.5%
FCF Yield 3Y Avg12.1%15.6%6.9%12.4%6.5%8.6%10.4%
D/E0.40.30.10.60.00.80.3
Net D/E-0.3-1.0-0.20.2-0.50.6-0.2

Returns

CIVBFFBCSYBTFRMEPRKONBMedian
NameCivista .First Fi.Stock Ya.First Me.Park Nat.Old Nati. 
1M Rtn3.7%-1.0%10.2%0.1%11.2%1.5%2.6%
3M Rtn14.1%10.9%16.6%6.4%18.2%10.0%12.5%
6M Rtn16.5%10.8%18.5%2.5%16.7%3.9%13.7%
12M Rtn50.7%47.4%16.6%17.7%30.8%31.2%31.0%
3Y Rtn70.9%65.1%81.7%50.0%105.0%71.1%71.0%
1M Excs Rtn0.8%-3.9%7.4%-2.7%8.4%-1.3%-0.3%
3M Excs Rtn8.4%5.8%10.4%0.4%11.4%4.8%7.1%
6M Excs Rtn2.2%-0.2%7.3%-10.4%3.8%-8.9%1.0%
12M Excs Rtn28.3%25.1%-6.9%-4.3%8.7%9.1%8.9%
3Y Excs Rtn2.3%-6.7%17.4%-23.1%29.3%0.9%1.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment170152160137125
Total170152160137125


Price Behavior

Price Behavior
Market Price$28.33 
Market Cap ($ Bil)0.6 
First Trading Date04/06/1994 
Distance from 52W High-2.7% 
   50 Days200 Days
DMA Price$27.56$24.08
DMA Trendupup
Distance from DMA2.8%17.7%
 3M1YR
Volatility22.2%25.0%
Downside Capture-29.3226.66
Upside Capture33.3167.42
Correlation (SPY)-12.0%23.0%
CIVB Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.11-0.36-0.170.290.450.65
Up Beta-1.53-1.32-1.00-0.080.570.60
Down Beta-0.07-0.30-0.25-0.220.240.58
Up Capture52%28%47%69%60%49%
Bmk +ve Days11223567138427
Stock +ve Days15263868129377
Down Capture8%-49%-30%47%34%88%
Bmk -ve Days11212859114326
Stock -ve Days7172558121367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CIVB
CIVB50.8%24.9%1.59-
Sector ETF (XLF)12.3%14.6%0.5749.0%
Equity (SPY)23.3%12.8%1.3622.5%
Gold (GLD)28.5%28.4%0.871.9%
Commodities (DBC)32.9%19.8%1.32-22.0%
Real Estate (VNQ)14.2%13.8%0.7240.3%
Bitcoin (BTCUSD)-43.7%43.0%-1.219.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CIVB
CIVB7.7%30.5%0.28-
Sector ETF (XLF)11.4%18.4%0.4851.7%
Equity (SPY)13.5%17.2%0.6134.9%
Gold (GLD)18.6%18.6%0.81-0.4%
Commodities (DBC)8.2%19.6%0.314.0%
Real Estate (VNQ)2.3%18.9%0.0239.4%
Bitcoin (BTCUSD)9.0%53.0%0.3614.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CIVB
CIVB10.1%36.8%0.37-
Sector ETF (XLF)13.6%22.1%0.5661.8%
Equity (SPY)15.4%17.9%0.7346.5%
Gold (GLD)12.1%16.2%0.61-2.9%
Commodities (DBC)7.4%18.0%0.3314.8%
Real Estate (VNQ)4.8%20.7%0.2047.5%
Bitcoin (BTCUSD)58.4%66.2%0.9811.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 6302026-16.2%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest3.1 days
Basic Shares Quantity20.8 Mil
Short % of Basic Shares2.0%

Earnings Returns History

Updated 8/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/23/20260.4%3.8% 
4/22/20263.4%7.2%6.7%
1/29/20265.8%6.4%3.0%
10/23/2025-1.3%0.5%0.4%
7/24/2025-2.3%-7.8%-6.2%
4/24/20250.3%9.2%8.3%
1/30/2025-0.6%-0.5%-3.4%
10/29/20241.3%10.1%24.2%
...
SUMMARY STATS   
# Positive111114
# Negative13139
Median Positive1.6%3.8%4.5%
Median Negative-2.3%-3.7%-3.6%
Max Positive7.1%10.1%24.2%
Max Negative-8.1%-14.1%-11.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/23/20260.4%3.8% 
4/22/20263.4%7.2%6.7%
1/29/20265.8%6.4%3.0%
10/23/2025-1.3%0.5%0.4%
7/24/2025-2.3%-7.8%-6.2%
4/24/20250.3%9.2%8.3%
1/30/2025-0.6%-0.5%-3.4%
10/29/20241.3%10.1%24.2%
7/29/2024-8.1%-14.1%-10.6%
4/30/2024-3.4%-2.6%-2.8%
2/8/20241.6%-4.2%-6.8%
10/27/2023-4.9%-4.6%0.6%
7/28/2023-2.4%-5.2%-11.9%
4/28/20237.1%-1.1%6.4%
2/7/2023-1.3%-2.7%-3.5%
10/27/20222.5%5.6%5.8%
7/28/2022-1.4%-3.7%-0.6%
4/28/2022-0.9%-3.7%-3.6%
2/4/20221.5%2.0%1.1%
10/27/2021-4.1%-2.6%1.2%
7/23/2021-1.4%0.7%0.7%
4/23/20211.2%0.3%3.3%
2/5/2021-2.4%2.3%17.1%
10/23/20202.3%-5.0%10.3%
SUMMARY STATS   
# Positive111114
# Negative13139
Median Positive1.6%3.8%4.5%
Median Negative-2.3%-3.7%-3.6%
Max Positive7.1%10.1%24.2%
Max Negative-8.1%-14.1%-11.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/10/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/09/202410-Q
12/31/202303/14/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/08/202310-Q
12/31/202203/15/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/10/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/09/202410-Q
12/31/202303/14/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/08/202310-Q
12/31/202203/15/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/15/202210-K
09/30/202111/09/202110-Q
06/30/202108/09/202110-Q
03/31/202105/10/202110-Q
12/31/202003/15/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201903/16/202010-K
09/30/201911/12/201910-Q

Insider Activity

Updated 7/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Weaks, Nathan E IRABuy1119202521.491,00021,490242,472Form
2Weaks, Nathan E IRABuy821202519.855009,925204,118Form
3Weaks, Nathan E IRABuy819202519.955009,975195,171Form
4Whinnem, IanSVP/CFODirectBuy805202519.201,50028,80048,000Form
5Weaks, Nathan E IRABuy731202519.351,00019,350179,626Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Weaks, Nathan E IRABuy1119202521.491,00021,490242,472Form
2Weaks, Nathan E IRABuy821202519.855009,925204,118Form
3Weaks, Nathan E IRABuy819202519.955009,975195,171Form
4Whinnem, IanSVP/CFODirectBuy805202519.201,50028,80048,000Form
5Weaks, Nathan E IRABuy731202519.351,00019,350179,626Form
6Weaks, Nathan E IRABuy731202519.882,00039,764164,683Form
7Shaffer, Dennis GCEO and PresidentDirectBuy715202521.251,00021,25021,250Form
8Parcher, Charles ASenior Vice PresidentDirectBuy715202521.251,00021,25021,250Form
9Dutton, Richard JSenior Vice PresidentMotherBuy715202521.254,00085,00085,000Form
10MacIoce, Mark J DirectBuy715202521.2564013,60013,600Form
11Morrison, Lance ASVP, Legal CounselDirectBuy715202521.251,00021,25021,250Form
12Mulford, Michael DSenior Vice PresidentDirectBuy715202521.251,00021,25021,250Form
13Congrove, Darci L DirectBuy715202521.251,25026,56226,562Form
14Perfect, Clyde A JR DirectBuy715202521.252,35249,98049,980Form

Investor Activity (13F)

Updated Aug 9, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Endeavour Capital Advisors Inc$14.1 Mil3.2%42ADD +13.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Endeavour Capital Advisors Inc$14.1 Mil3.2%42ADD +13.3%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Endeavour Capital Advisors Inc$14.1 Mil3.2%42ADD +13.3%13F
Core Cache Last Updated: 8/8/2026