Civista Bancshares (CIVB) Q3 2026 earnings summary

Executive summary

• Q3 net income was $16.0 million, or $0.77 per diluted share, up 25.5% YoY and 11.9% QoQ; pre-provision net revenue was $21.1 million versus $15.9 million a year earlier and $18.9 million in Q2.

• NIM expanded 35 bps YoY to 3.93%; loans grew $38.0 million QoQ, supported by organic production and core deposit growth.

• Results include the Farmers Savings Bank merger, which closed in November 2025, affecting period comparability.

Financial highlights

• Net interest income was $39.4 million, up 14.1% YoY and 2% QoQ; interest expense declined $2.3 million YoY.

• Noninterest income was $9.7 million, nearly flat YoY; quarterly fee income was nearly $9.4 million and rose $644,000 QoQ.

• Noninterest expense declined 1.2% YoY to $28.0 million and $675,000 QoQ; the adjusted efficiency ratio improved to 55.3% from 61.4% YoY.

• Q3 included $1.8 million of net insurance proceeds and a $1.6 million net loss on securities repositioning.

Outlook and guidance

• Mid-single-digit loan and core deposit growth is expected through year-end 2026 and into 2027, supported by strong pipelines and construction commitments.

• Q4 fee income guidance is $9.0 million–$9.5 million, dependent in part on rates and mortgage activity; interchange and leasing are expected to be stronger.

• Q4 noninterest expense is expected at $28.7 million–$29.5 million, including planned colleague, marketing, and IT investments.

• NIM is expected to run 1–2 bps above Q3, including the subordinated-debt repricing offset; each additional rate hike could add 1–2 bps of quarterly expansion.