Civista Bancshares, Inc. reported net income of $11.0 million, or $0.71 per common share, for the second quarter ended June 30, 2025. This represents a 58% increase from $0.45 per common share in the second quarter of 2024 and an increase from $0.66 in the linked quarter.
Net interest income increased by $7.1 million, or 25.5%, compared to the same period last year, with the net interest margin expanding by 13 basis points quarter-over-quarter to 3.64%. This expansion was driven by earning asset yields rising 13 basis points to 5.84%, while overall funding costs held steady at 2.32%.
The company's efficiency ratio improved to 64.5% from 64.9% in the first quarter of 2025 and 72.6% in the second quarter of 2024. Total loans and leases grew at an annualized rate of 6.8% during the quarter. Management anticipates net interest margin to move to the low-to-mid 3.50% range in the third quarter of 2025 and projects mid-single-digit loan growth for the balance of 2025.
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