Civista Bancshares, Inc. Announces Fourth Quarter 2024 Earnings Release Date

As an investor, keeping track of a company's earnings releases is crucial for making informed decisions about your portfolio. Civista Bancshares, Inc. (NASDAQ: CIVB) has recently announced the release date for its fourth quarter 2024 earnings, which is scheduled for Thursday, January 30, 2025. The company will also host a conference call and webcast at 1:00 p.m. Eastern Time on the same day to discuss its financial results. As an analyst, you may participate in the question-and-answer session.

Civista Bancshares, Inc. is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky. Civista Bank also offers commercial equipment leasing services for businesses nationwide through its Civista Leasing and Finance Division (formerly Vision Financial Group, Inc.), headquartered in Pittsburgh, Pennsylvania. Civista Bancshares' common shares are traded on the NASDAQ Capital Market under the symbol "CIVB". Learn more at .

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As an investor, you may be wondering what to expect from Civista Bancshares' fourth quarter 2024 earnings. The company has experienced fluctuations in its net interest margin (NIM) throughout the year, primarily due to changes in interest rates, shifts in funding sources, and adjustments in its liability structure. In the first quarter of 2024, Civista's NIM decreased by 77 basis points to 3.22% compared to 3.99% in the same period a year ago. This decrease was driven by an increase in interest expense, which rose by $12.8 million (143.4%) due to a 140 basis point increase in the average rate paid on interest-bearing liabilities and a $411.6 million increase in average interest-bearing liabilities, mostly in time deposits.

However, Civista has taken steps to improve its NIM by implementing deposit initiatives and reducing wholesale borrowings. In the third quarter of 2024, the company increased deposits by $246 million and reduced wholesale borrowings by $213 million. These changes contributed to an increase in earnings per share (EPS) to $0.53, up from $0.45 in the second quarter. Although the specific NIM for the third quarter of 2024 is not provided in the given materials, the CEO's commentary suggests that the inflection in NIM was positive, indicating an improvement compared to the previous quarter.

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In conclusion, Civista Bancshares, Inc. has announced the release date for its fourth quarter 2024 earnings, which is scheduled for Thursday, January 30, 2025. The company's NIM has fluctuated throughout the year, but its deposit initiatives and reduced wholesale borrowings have contributed to an improvement in EPS. As an investor, you should pay close attention to Civista's earnings release and conference call to gain insights into the company's financial performance and future prospects. By staying informed about Civista's earnings, you can make better decisions about your portfolio and capitalize on potential opportunities.