Civista Bancshares, Inc. reported preliminary unaudited earnings for the three and nine month periods ended September 30, 2026. The company announced net income of $16.0 million for the third quarter of 2026, representing a $3.3 million or 25.5% increase compared to the $12.8 million reported for the same period in 2025. Earnings per diluted common share were $0.77 for the quarter, compared to $0.68 in the prior year.
Key operational metrics for the quarter included a net interest margin of 3.93%, which expanded 35 basis points year-over-year. Pre-Provision Net Revenue (PPNR) totaled $21.1 million, and the efficiency ratio improved to 55.3% from 61.4% in the third quarter of 2025. Return on Assets (ROA) was reported at 1.48%.
Civista noted that the results reflect the inclusion of The Farmers Savings Bank (FSB) merger, which closed on November 7, 2025. Total assets stood at $4.3 billion at September 30, 2026. The company declared a quarterly cash dividend of $0.18 per share, consistent with the second quarter of 2026. Based on the September 30 closing share price of $26.38, the dividend represents an annualized yield of 2.73%.
On the balance sheet, total loans increased by $38.0 million, or 1.2%, during the third quarter. Residential Real Estate loans increased by $24.9 million, and Real Estate Construction loans increased by $15.4 million. Total deposits were $3.5 billion at September 30, 2026, with noninterest-bearing demand deposits increasing by $30.3 million. Brokered deposits decreased by $25.0 million during the quarter, bringing the total to $325.1 million.
Non-performing assets declined to $27.6 million at September 30, 2026, a decrease of $3.7 million or 11.7% from December 31, 2025. The allowance for credit losses was $42.4 million, or 1.29% of total loans. Net charge-offs totaled $0.1 million for the quarter, compared to $0.6 million in the third quarter of 2025.
