Civista Bancshares (CIVB) Reports In-Line Q3 EPS

Civista Bancshares (NASDAQ: CIVB) reported Q3 EPS of $0.46, in-line with the analyst estimate of $0.46.

"Once again, we have had a great quarter of earnings and growth. Our loan growth for the third quarter was strong, at 12.4% annualized. Our core diluted earnings per share for the quarter are up 24.3% compared to 2018. It has now been a full year since we brought on UCB. The results since the acquisition have exceeded our expectations. We also announced earlier this week that we will be redeeming our convertible preferred shares on December 20th. We believe that the redemption will assist us in aligning our capital structure more fully with our strategic plan," 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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