Civista Bancshares (CIVB) Tops Q1 EPS by 8c

Civista Bancshares (NASDAQ: CIVB) reported Q1 EPS of $0.55, $0.08 better than the analyst estimate of $0.47.

"The first quarter of 2018 produced very strong results. The increases to our net interest margin and net income show the impact that growth can have on our organization. On March 12th we announced the acquisition of United Community Bancorp in Lawrenceburg, Indiana. We are excited about our partnership with UCB and the prospects it brings. While our loan balances have backed up a little in the first quarter, our loan production has remained steady. Our loan pipelines remain strong and we are optimistic about our loan production for the remainder of 2018." said Dennis G. Shaffer, President and CEO of Civista.

For earnings history and earnings-related data on Civista Bancshares (CIVB) click here.

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