A Business at a Glance
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CIVISTA BANCSHARES, INC.
CIVB
$500M
Mkt Cap
$28.58
+1.03%
CIVISTA BANCSHARES, INC. (CIVB) has a current P/E ratio of 14.2, compared to its historical median P/E of 9.9. The stock is currently considered Expensive based on its historical valuation range.
CIVISTA BANCSHARES, INC. (CIVB) has a 5-year average return on invested capital (ROIC) of 10.7%. This indicates solid capital allocation.
CIVISTA BANCSHARES, INC. (CIVB) has a market capitalization of $500M. It is classified as a small-cap stock.
Yes, CIVISTA BANCSHARES, INC. (CIVB) pays a dividend with a trailing twelve-month yield of 2.37%. The company also returns capital through share buybacks, with a buyback yield of 0.04%.
Based on historical P/E analysis, CIVISTA BANCSHARES, INC. (CIVB) appears expensive. The current P/E of 14.2 is 44% above its historical median of 9.9. The estimated fair value CAGR (P/E method) is 6.1%.
CIVISTA BANCSHARES, INC. (CIVB) operates in the State Commercial Banks industry, within the Financials sector.
CIVISTA BANCSHARES, INC. (CIVB) reported annual revenue of $255 million in its most recent fiscal year, based on SEC EDGAR filings.
General Development of Business CIVISTA BANCSHARES, INC. (“CBI” or the "Company") was organized under the laws of the State of Ohio on February 19, 1987 and is a registered financial holding company under the Gramm-Leach-Bliley Act of 1999, as amended (the “GLBA”). CBI’s office is located at 100 East Water Street, Sandusky, Ohio. CBI and its subsidiaries are sometimes referred to together as the “Company”. The Company had total consolidated assets of $4,336,453 at December 31, 2025. CIVISTA BANK (“Civista”), owned by the Company since 1987, opened for business in 1884 as The Citizens National Bank. In 1898, Civista was reorganized under Ohio banking law and was known as The Citizens Bank and Trust Company. In 1908, Civista surrendered its trust charter and began operation as The Citizens Banking Company.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 255M | 255M | 244M | 220M | 155M | 137M |
| Net Income | 46M | 46M | 32M | 43M | 39M | 41M |
| EPS | $2.64 | $2.64 | $2.01 | $2.73 | $2.60 | $2.63 |
| Free Cash Flow | 42M | 42M | 44M | 59M | 19M | 39M |
| ROIC | 8.5% | 9.9% | 8.3% | 12.3% | 11.5% | 11.5% |
| Gross Margin | 73.5% | 73.5% | 70.9% | 82.6% | 88.6% | 94.6% |
| Debt/Equity | 0.00 | 6.98 | 9.55 | 9.38 | 10.05 | 0.21 |
| Dividends/Share | $0.68 | $0.68 | $0.64 | $0.61 | $0.56 | $0.52 |
| Operating Income | 3.3M | 3.3M | 4.2M | 4.7M | 2.2M | 48M |
| Operating Margin | 1.3% | 1.3% | 1.7% | 2.1% | 1.4% | 35.4% |
| ROE | 8.5% | 9.9% | 8.3% | 12.3% | 11.5% | 11.5% |
| Shares Outstanding | 18M | 18M | 16M | 16M | 15M | 15M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 60M | 65M | 70M | 75M | 92M | 120M | 128M | 137M | 155M | 220M | 244M | 255M | 255M |
| Gross Margin | 90.6% | 93.1% | 93.4% | 93.2% | 90.9% | 88.4% | 84.2% | 94.6% | 88.6% | 82.6% | 70.9% | 73.5% | 73.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 22M | 24M | 25M | 29M | 37M | 39M | 42M | 45M | 51M | 58M | 62M | 59M | 59M |
| EBIT | 745K | 740K | 1.0M | 887K | 877K | 40M | 37M | 48M | 2.2M | 4.7M | 4.2M | 3.3M | 3.3M |
| Op. Margin | 1.2% | 1.1% | 1.5% | 1.2% | 1.0% | 32.8% | 29.0% | 35.4% | 1.4% | 2.1% | 1.7% | 1.3% | 1.3% |
| Net Income | 7.7M | 11M | 16M | 15M | 13M | 33M | 32M | 41M | 39M | 43M | 32M | 46M | 46M |
| Net Margin | 12.8% | 17.2% | 22.5% | 19.5% | 14.4% | 27.6% | 25.1% | 29.7% | 25.4% | 19.5% | 13.0% | 18.1% | 18.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82K | -5K | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.3% | 9.3% | 12.0% | 9.1% | 5.5% | 10.6% | 9.5% | 11.5% | 11.5% | 12.3% | 8.3% | 9.9% | 8.5% |
| ROE | 6.3% | 9.3% | 12.0% | 9.1% | 5.5% | 10.6% | 9.5% | 11.5% | 11.5% | 12.3% | 8.3% | 9.9% | 8.5% |
| ROA | 0.6% | 0.9% | 1.2% | 1.0% | 0.7% | 1.5% | 1.3% | 1.4% | 1.2% | 1.1% | 0.8% | 1.1% | 1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 15M | 15M | 18M | 21M | 20M | 39M | 33M | 41M | 25M | 63M | 48M | 43M | 43M |
| Free Cash Flow | 14M | 13M | 15M | 20M | 18M | 36M | 31M | 39M | 19M | 59M | 44M | 42M | 42M |
| Owner Earnings | 13M | 13M | 15M | 19M | 17M | 35M | 29M | 37M | 19M | 49M | 36M | 33M | 33M |
| CapEx | 485K | 2.0M | 2.4M | 1.0M | 1.5M | 3.2M | 2.0M | 1.9M | 6.5M | 3.4M | 4.2M | 1.2M | 1.2M |
| Maint. CapEx | 1.9M | 1.9M | 2.0M | 1.8M | 1.9M | 3.2M | 3.2M | 2.9M | 5.8M | 12M | 11M | 9.9M | 9.9M |
| Growth CapEx | 0 | 95K | 481K | 0 | 0 | 16K | 0 | 0 | 756K | 0 | 0 | 0 | 0 |
| D&A | 1.9M | 1.9M | 2.0M | 1.8M | 1.9M | 3.2M | 3.2M | 2.9M | 5.8M | 12M | 11M | 9.9M | 9.9M |
| CapEx/OCF | 3.3% | 13.3% | 13.8% | 4.9% | 7.4% | 8.1% | 6.0% | 4.7% | 25.8% | 5.5% | 8.7% | N/A | 2.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.3M | 3.1M | 3.3M | 3.7M | 4.7M | 7.2M | 7.1M | 8.0M | 8.5M | 9.6M | 10M | 12M | 12M |
| Dividend Yield | 5.4% | 4.0% | 3.1% | 1.9% | 2.0% | 2.5% | 3.3% | 2.7% | 2.8% | 3.8% | 3.9% | N/A | 2.4% |
| Share Buybacks | 0 | 0 | 0 | 4K | 0 | 3.9M | 13M | 22M | 17M | 1.6M | 164K | 178K | 178K |
| Buyback Yield | N/A | N/A | N/A | 0.0% | N/A | 1.2% | 5.7% | 6.7% | 5.6% | 0.6% | 0.1% | 0.0% | 0.0% |
| Stock-Based Comp | 0 | 106K | 323K | 426K | 428K | 531K | 617K | 702K | 819K | 984K | 871K | 852K | 852K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -751M | N/A | N/A | N/A | N/A | -77M |
| Cash & Equiv. | 30M | 36M | 37M | 41M | 42M | 47M | 137M | 264M | 43M | 60M | 63M | 77M | 77M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 9.47 | 9.51 | 9.01 | 7.27 | 6.16 | 6.00 | 6.91 | 0.21 | 10.05 | 9.38 | 9.55 | 6.98 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 |
| Equity | 116M | 125M | 138M | 184M | 299M | 330M | 350M | 355M | 329M | 372M | 389M | 543M | 543M |
| Total Assets | 1.2B | 1.3B | 1.4B | 1.5B | 2.1B | 2.3B | 2.8B | 3.0B | 3.6B | 3.9B | 4.1B | 4.3B | 4.3B |
| Total Liabilities | 1.1B | 1.2B | 1.2B | 1.3B | 1.8B | 2.0B | 2.4B | 2.7B | 3.3B | 3.5B | 3.7B | 3.8B | 3.8B |
| Intangibles | 2.0M | 2.4M | 1.8M | 1.3M | 9.4M | 8.3M | 8.1M | 7.6M | 11M | 9.5M | 7.9M | 13M | 13M |
| Retained Earnings | -4.3M | 5.3M | 19M | 32M | 41M | 68M | 93M | 126M | 156M | 184M | 205M | 240M | 240M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.85 | 1.17 | 1.57 | 1.28 | 1.02 | 2.01 | 2.00 | 2.63 | 2.60 | 2.73 | 2.01 | 2.64 | 2.64 |
| Owner EPS | 1.44 | 1.37 | 1.54 | 1.62 | 1.34 | 2.12 | 1.79 | 2.41 | 1.23 | 3.14 | 2.31 | 1.86 | 1.86 |
| Book Value | 12.87 | 13.11 | 13.75 | 16.14 | 23.13 | 19.97 | 21.75 | 23.04 | 21.68 | 23.64 | 24.65 | 31.05 | 31.05 |
| Cash Flow/Share | 1.65 | 1.58 | 1.77 | 1.82 | 1.52 | 2.35 | 2.03 | 2.64 | 1.66 | 3.98 | 3.06 | 2.47 | 3.20 |
| Dividends/Share | 0.37 | 0.33 | 0.22 | 0.32 | 0.37 | 0.44 | 0.44 | 0.52 | 0.56 | 0.61 | 0.64 | 0.68 | 0.68 |
| Shares Out. | 9.0M | 9.5M | 10.0M | 11.4M | 12.9M | 16.5M | 16.1M | 15.4M | 15.2M | 15.7M | 15.8M | 17.5M | 17.5M |
| Valuation | |||||||||||||
| P/E Ratio | 9.2 | 7.3 | 10.1 | 13.9 | 13.5 | 9.9 | 7.4 | 8.3 | 7.7 | 6.4 | 10.2 | N/A | 10.8 |
| P/FCF | 4.9 | 6.2 | 10.4 | 10.2 | 9.8 | 9.2 | 7.7 | 8.6 | 16.2 | 4.6 | 7.3 | N/A | 11.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 127.4 |
| Price/Book | 0.6 | 0.6 | 1.2 | 1.1 | 0.6 | 1.0 | 0.7 | 0.9 | 0.9 | 0.7 | 0.8 | N/A | 0.9 |
| Price/Sales | 1.1 | 1.3 | 1.6 | 2.8 | 2.9 | 2.7 | 1.8 | 2.4 | 2.2 | 1.6 | 1.7 | N/A | 2.0 |
| FCF Yield | 20.5% | 16.1% | 9.6% | 9.8% | 10.2% | 10.8% | 12.9% | 11.6% | 6.2% | 21.6% | 13.7% | N/A | 8.4% |
| Market Cap | 70M | 81M | 158M | 203M | 177M | 329M | 238M | 335M | 302M | 274M | 322M | 0 | 500M |
| Avg. Price | 6.92 | 8.23 | 10.46 | 17.14 | 18.63 | 17.59 | 13.54 | 19.62 | 19.98 | 16.02 | 16.18 | 0.00 | 28.58 |
| Year-End Price | 7.80 | 8.49 | 15.82 | 17.76 | 13.73 | 19.91 | 14.76 | 21.73 | 19.93 | 17.41 | 20.43 | 0.00 | 28.58 |
CIVISTA BANCSHARES, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
CIVISTA BANCSHARES, INC. trades at 14.2x trailing earnings, compared to its 15-year median P/E of 9.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 10.2x vs a median of 9.2x. The company's 5-year average ROIC is 10.7% with a gross margin of 82.0%. Total shareholder yield (dividends) is 2.4%. At current prices, the estimated annualized return to fair value is +6.4%.
CIVISTA BANCSHARES, INC. (CIVB) has a net profit margin of 18.1%. This is a healthy margin.
CIVISTA BANCSHARES, INC. (CIVB) generated $42 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CIVISTA BANCSHARES, INC. (CIVB) has a debt-to-equity ratio of 6.98. This indicates higher leverage, which may increase financial risk.
CIVISTA BANCSHARES, INC. (CIVB) reported earnings per share (EPS) of $2.64 in its most recent fiscal year.
CIVISTA BANCSHARES, INC. (CIVB) has a return on equity (ROE) of 9.9%. This indicates moderate shareholder returns.
CIVISTA BANCSHARES, INC. (CIVB) has a 5-year average gross margin of 82.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for CIVISTA BANCSHARES, INC. (CIVB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CIVISTA BANCSHARES, INC. (CIVB) has a book value per share of $31.05, based on its most recent annual SEC filing.