Sandusky-based Civista Bancshares reported net income of $16.0 million for the third quarter of 2026, a 25.5 percent increase from the same quarter a year earlier, the company announced Thursday in its quarterly earnings release.
Civista, the $4.3 billion financial holding company headquartered in Sandusky, said earnings were $0.77 per diluted common share for the quarter ended September 30, 2026, compared with $0.68 per diluted share in the third quarter of 2025. Net income was up $3.3 million from $12.8 million a year ago and up 11.9 percent from the second quarter of 2026.
“I am pleased with Civista’s strong performance in the third quarter and proud of the continued execution by our team,” said Chuck Parcher, president and chief executive officer of Civista Bancshares. Parcher, who is beginning his tenure as president and CEO, said the company delivered expanded margins and solid loan growth while serving its customers and communities.
The company said its net interest margin expanded 35 basis points year over year to 3.93 percent, while its cost of funds declined 30 basis points. Its efficiency ratio improved to 55.3 percent, from 61.4 percent a year earlier, and return on assets was 1.48 percent, compared with 1.22 percent in the third quarter of 2025.
Total loans increased $38.0 million, or 1.2 percent, during the quarter, the company said. Brokered deposits declined another $25.0 million in the quarter, and non-performing assets fell to $27.6 million, according to the release.
Total assets were $4.3 billion at September 30, 2026, the company said, and total deposits were $3.5 billion, up $19.4 million from June 30, 2026. Residential real estate loans rose $24.9 million during the quarter, and real estate construction loans rose $15.4 million, according to the release.
Civista also 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 company said the dividend represents an annualized yield of 2.73 percent.
Civista Bank, founded in 1884, operates 44 locations across Ohio, southeastern Indiana and northern Kentucky, and also offers commercial equipment leasing nationwide through its Civista Leasing and Finance Division. The company’s results include The Farmers Savings Bank merger, which has been reflected in its reporting since November 7, 2025.
Photo: Andre Carrotflower, CC BY-SA