Civista Bancshares (CIVB) Tops Q1 EPS by 1c

Civista Bancshares (NASDAQ: CIVB) reported Q1 EPS of $0.57, $0.01 better than the analyst estimate of $0.56.

"We continue to build upon the success of the UCB acquisition and efforts that we put in place during 2018. Our net interest margin has continued to expand, due in large part to the solid core deposit base that the legacy Civista and UCB teams put in place. While our loan balances only grew 2.9% on an annualized basis during the first quarter, the first quarter tends to be a slower quarter for our loan portfolio. Our team continues to put together core earnings growth and very strong asset quality," 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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