Civista net income rises 29.95% to $14.32 million in Q2 FY26 - CIVB News | RalliesCivista net income rises 29.95% to $14.32 million in Q2 FY26
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CIVB• Civista reports higher quarterly net income and revenue
- Civista Bancshares posted Q2 net income of $14.32 million, up 29.96% from a year earlier; diluted EPS slipped to $0.69.
- Net interest income rose 10.86% to $38.59 million, while tax-equivalent net interest margin widened 25 basis points to 3.89%.
- Provision for credit losses climbed to $1.77 million from $1.03 million in the year-ago quarter.
- Noninterest income jumped 36.7% to $9.01 million, driven by higher gains on loan and lease sales and stronger lease revenue.
- Total assets fell 1% to $4.29 billion since year-end, while deposits edged down 0.2% to $3.46 billion as brokered balances declined.
