Civista Q3 Net Income Rises 25.5% to $16.0M; NIM Expands to 3.93%
CIVB sits 30% above its 52-week low of $20.6.
Summary
Civista earned $16.0 million, or $0.77 per diluted share, in Q3 2026 — up 25.5% year-over-year — as net interest margin widened to 3.93% and the efficiency ratio improved to 55.3%. Credit quality improved, with non-performing assets down to $27.6 million.
Key Events · Earnings and Guidance · CIVB
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Q3 Net Income Up 25.5% to $16.0M
Net income of $16.0 million, or $0.77 per diluted common share, versus $12.8 million and $0.68 in Q3 2025; also up 11.9% from Q2 2026's $14.3 million.
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Margin Expansion Drives Revenue
Net interest margin rose 35 basis points year-over-year to 3.93% as cost of funds fell 30 basis points to 197 basis points; pre-provision net revenue reached $21.1 million from $15.9 million.
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Efficiency Ratio Improves to 55.3%
Non-interest expense fell 1.2% to $28.0 million while net interest income rose 14.1%, cutting the efficiency ratio from 61.4% a year ago.
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Credit Quality Strengthens
Net charge-offs were $0.1 million and non-performing assets declined to $27.6 million, or 0.64% of assets, from $31.3 million and 0.72% at December 31, 2025; allowance coverage rose to 153.3% of non-performing loans.
Analysis · CIVB · Finance
Civista's third quarter beat the prior-year pace on both the top and bottom line: net income of $16.0 million ($0.77 per diluted share) is up 25.5% from $12.8 million, and pre-provision net revenue of $21.1 million rose from $15.9 million. The driver is the balance sheet mix — net interest margin expanded 35 basis points year-over-year to 3.93% as cost of funds fell 30 basis points and brokered deposits were cut another $25.0 million. Expenses actually fell 1.2% while revenue grew, pushing the efficiency ratio to 55.3% from 61.4%. Credit is clean: net charge-offs were just $0.1 million and non-performing assets fell to $27.6 million, or 0.64% of assets, from 0.72% at year-end. Two items flatter the quarter and are worth separating out — $1.8 million of insurance proceeds from the Stateline branch fire and a $1.6 million securities loss from repositioning. Capital remains solid with a 12.11% Tier 1 leverage ratio and tangible book value per share of $19.87, up 3.1% this year.
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At the time of this filing, CIVB was trading at $26.75 on NASDAQ in the Finance sector, with a market capitalization of approximately $556M. The 52-week trading range was $20.60 to $29.97. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.