Civista Bancshares, Inc. (NASDAQ:CIVB) reported its third quarter earnings results on Friday 23rd October 2020 before market open.
The company reported $ 0.48 income per share for the quarter, beat the consensus estimate of $ 0.35 income per share by $ 0.13 or 37.14 percent.
The quarterly earnings advanced 4.35 percent compared with the same quarter last year.
Civista Bancshares, Inc. had net interest income of $ 22.01 million for the third quarter.
The financial report showed revenues increased 7.79 percent versus third quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Dennis G. Shaffer, President and CEO of Civista, said, as we navigate through 2020, I am reminded of what differentiates us as a community bank. The great people that we have working at Civista and the quality customers that choose to work with us. We could not have one without the other. Our people have accomplished a lot during 2020 and we still have one more quarter to go. To report earnings per share for the third quarter of 2020 which exceeds 2019 is a great feat. The challenges for 2020 include a global pandemic that has had far reaching impacts on our economy.
