Civista Bancshares Third Quarter 2024 Earnings: Beats Expectations

Civista Bancshares (NASDAQ:CIVB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$37.9m (down 2.8% from 3Q 2023).
• Net income: US$8.19m (down 18% from 3Q 2023).
• Profit margin: 22% (down from 26% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.53 (down from US$0.66 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Civista Bancshares Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 3.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Civista Bancshares' balance sheet and an in-depth analysis of the company's financial position.

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