Quarterly ResultJul 23, 2026, 07:02 AM
Civista Q2 Net Income $14.3M, up 30%; EPS $0.69; CEO Transition
AI Summary
Civista Bancshares, Inc. reported strong preliminary unaudited earnings for the second quarter of 2026, with net income rising 30.0% year-over-year to $14.3 million. The company saw its net interest margin expand and efficiency ratio improve significantly. Additionally, Civista announced a planned leadership transition, with Dennis Shaffer retiring as CEO and Chuck Parcher taking over in August 2026.
Key Highlights
- Net income for Q2 2026 was $14.3 million, a 30.0% increase compared to Q2 2025.
- Diluted earnings per common share were $0.69 for Q2 2026, compared to $0.71 for Q2 2025.
- Net interest margin expanded 25 basis points year-over-year to 3.89% in Q2 2026.
- Pre-Provision Net Revenue (PPNR) for Q2 2026 was $18.9 million, up from $13.9 million in Q2 2025.
- Efficiency ratio improved to 58.2% for Q2 2026, from 64.5% in Q2 2025.
- Brokered deposits declined $25.0 million linked quarter, reducing higher-cost funding.
- Total loans increased $25.2 million, or 0.8%, in Q2 2026 compared to Q1 2026.
- Dennis Shaffer will retire as CEO on August 28, 2026, succeeded by Chuck Parcher.
Price Impact
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