Civista Bancshares, Inc. (CIVB) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 EAST WATER ST
SANDUSKY, OH 44870
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,028256,261129,10849,72643,84954,766
Cash and cash equivalents44,838255,189128,22248,53542,77940,519
Short-term investments2,1901,0728861,1911,07014,247
Total current assets:47,028256,261129,10849,72643,84954,766
Noncurrent Assets
Operating lease, right-of-use asset 2,1082,3142,6783,273
Property, plant and equipment64,01822,44522,58022,87122,02117,611
Intangible assets, net (including goodwill)136,45484,43284,92685,15686,20328,374
Goodwill125,69576,85176,85176,85176,85127,095
Intangible assets, net (excluding goodwill)10,7597,5818,0758,3059,3521,279
Deferred income tax assets16,009   
Amortization method qualified affordable housing project investments14,14913,0935,9675,1544,2763,204
Total noncurrent assets:232,738122,284116,151116,454112,50049,189
Other undisclosed assets3,258,0642,633,4382,517,6592,143,3771,982,6051,421,902
TOTAL ASSETS:3,537,8303,011,9832,762,9182,309,5572,138,9541,525,857
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt26,389100,495153,914143,67427,19931,755
Total current liabilities:26,389100,495153,914143,67427,19931,755
Noncurrent Liabilities
Liabilities, other than long-term debt5,6345,7065,9445,4174,9224,510
Qualified affordable housing project investments, commitment5,6345,7065,9445,4174,9224,510
Total noncurrent liabilities:5,6345,7065,9445,4174,9224,510
Other undisclosed liabilities3,170,9722,550,5702,252,9521,830,3401,807,9351,305,131
Total liabilities:3,202,9952,656,7712,412,8101,979,4311,840,0561,341,396
Equity
Equity, attributable to parent334,835355,212350,108330,126298,898184,461
Preferred stock     9,36417,358
Common stock310,182277,741277,039276,422266,901153,810
Treasury stock, value(73,794)(56,907)(34,598)(21,144)(17,235)(17,235)
Accumulated other comprehensive income (loss)(58,045)8,82014,6196,874(1,452)(1,124)
Retained earnings156,492125,55893,04867,97441,32031,652
Total equity:334,835355,212350,108330,126298,898184,461
TOTAL LIABILITIES AND EQUITY:3,537,8303,011,9832,762,9182,309,5572,138,9541,525,857

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues123,530109,335107,91099,94274,15067,686
Net investment income120,133101,29399,25997,20372,94258,096
Cost of revenue(350)(830)(10,112)(1,035)(780)(72)
Provision for loan, lease, and other losses (830)(10,112)(1,035)(780)
Amortization of mortgage servicing rights (msrs) (350)    (72)
Other undisclosed gross profit      
Gross profit:123,180108,50597,79898,90773,37067,614
Operating expenses(15,686)(10,646)(10,741)(10,866)(16,280)(37,483)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,0881,2767781,4321,480887
Operating income:109,58299,13587,83589,47358,57031,018
Nonoperating income9841,2009771,007736545
Bank owned life insurance income9841,2009771,007718573
Interest and debt expense(11,049)(6,317)(10,138)(12,954)(7,570)(4,092)
Income from continuing operations before equity method investments, income taxes:99,51794,01878,67477,52651,73627,471
Other undisclosed loss from continuing operations before income taxes(52,482)(46,455)(41,542)(37,965)(34,957)(5,239)
Income from continuing operations before income taxes:47,03547,56337,13239,56116,77922,232
Income tax expense(7,608)(7,017)(4,940)(5,683)(2,640)(6,360)
Income from continuing operations:39,42740,54632,19233,87814,13915,872
Income before gain (loss) on sale of properties:40,54632,19233,87814,13915,872
Net income attributable to parent:39,42740,54632,19233,87814,13915,872
Preferred stock dividends and other adjustments    (647)(959)(1,244)
Other undisclosed net loss available to common stockholders, basic      
Net income available to common stockholders, basic:39,42740,54632,19233,23113,18014,628
Other undisclosed net income (loss) available to common stockholders, diluted(498)(173) 6479591,244
Net income available to common stockholders, diluted:38,92940,37332,19233,87814,13915,872

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:39,42740,54632,19233,87814,13915,872
Other comprehensive income (loss)(66,865)(5,799)7,7458,326(50)1,412
Comprehensive income (loss), net of tax, attributable to parent:(27,438)34,74739,93742,20414,08917,284

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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