Civista Bancshares Reports 25.5% Increase in Third Quarter 2026 Net Income
Civista Bancshares, Inc. (NASDAQ:CIVB) announced strong financial results for the third quarter of 2026, reporting net income of $16.0 million. This represents a 25.5% increase compared to the same period in 2025 and an 11.9% rise from the second quarter of 2026. The growth is partially attributed to the impact of The Farmers Savings Bank merger, which was integrated in late 2025. The company demonstrated improved operational efficiency, with its efficiency ratio dropping to 55.3% from 61.4% a year prior. Key drivers included a net interest margin expansion of 35 basis points to 3.93% and a decline in the cost of funds by 30 basis points. Additionally, total loans grew by $38.0 million during the quarter, while non-performing assets saw a decline.
Tickers: $CIVB
Topics: Banking Earnings Per Share Loan Growth Net Income Net Interest Margin
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Part of the story Cincinnati Financial Reports Third-Quarter 2026 Results (18 articles)