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Civista Bancshares (CIVB) Reports Q2 Earnings: What Key Metrics Have to Say
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Civista Bancshares (CIVB - Free Report) reported $38.29 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.4%. EPS of $0.45 for the same period compares to $0.64 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $36.57 million, representing a surprise of +4.71%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.40.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Civista Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.1% versus the two-analyst average estimate of 3.2%.
Efficiency Ratio: 72.6% versus the two-analyst average estimate of 76.9%.
Net Interest Income: $27.75 million versus the two-analyst average estimate of $28.28 million.
Net gain on sale of loans: $0.89 million versus $0.84 million estimated by two analysts on average.
Total Noninterest Income: $10.54 million versus the two-analyst average estimate of $8.69 million.
Shares of Civista Bancshares have returned +22.5% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Civista Bancshares (CIVB) Reports Q2 Earnings: What Key Metrics Have to Say
Civista Bancshares (CIVB - Free Report) reported $38.29 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.4%. EPS of $0.45 for the same period compares to $0.64 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $36.57 million, representing a surprise of +4.71%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.40.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Civista Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3.1% versus the two-analyst average estimate of 3.2%.
- Efficiency Ratio: 72.6% versus the two-analyst average estimate of 76.9%.
- Net Interest Income: $27.75 million versus the two-analyst average estimate of $28.28 million.
- Net gain on sale of loans: $0.89 million versus $0.84 million estimated by two analysts on average.
- Total Noninterest Income: $10.54 million versus the two-analyst average estimate of $8.69 million.
View all Key Company Metrics for Civista Bancshares here>>>Shares of Civista Bancshares have returned +22.5% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.