UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
The Board of Directors of Civista Bancshares, Inc., Sandusky, Ohio has approved a quarterly dividend of 16 cents per common share to shareholders of record February 13, 2024, payable March 1, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
Civista Bancshares, Inc., is a $3.7 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 43 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide. Civista Bancshares’ common shares are traded on the NASDAQ Capital Market under the symbol “CIVB”. Learn more at www.civb.com.
Item 9.01 Financial Statements and Exhibits
Exhibit 104 Cover Page Interactive File-the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Civista Bancshares, Inc. | ||||||
(Registrant) | ||||||
Date: February 2, 2024 | /s/ Todd A. Michel | |||||
Todd A. Michel, | ||||||
Senior Vice President & Controller |
Exhibit 99.1
Civista Bancshares, Inc. Declares First Quarter Common Dividend
Sandusky, Ohio, February 2, 2024 /PRNewswire/ Civista Bancshares, Inc. (NASDAQ:CIVB) (Civista) announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record February 13, 2024, payable March 1, 2024.
This dividend represents a payout of approximately $2.5 million. Based on the Civistas closing stock price of common shares of $17.09 on January 31, 2024, the quarterly dividend produces an annualized yield of 3.74%.
About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a $3.7 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 43 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide. Civista Bancshares common shares are traded on the NASDAQ Capital Market under the symbol CIVB. Learn more at www.civb.com.
This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission.
CONTACTS: Richard J. Dutton SVP, Operations, at rjdutton@civb.com or (419) 626-7351.
Source: Civista Bancshares, Inc.
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Document and Entity Information |
Feb. 02, 2024 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0000944745 |
Document Type | 8-K |
Document Period End Date | Feb. 02, 2024 |
Entity Registrant Name | Civista Bancshares, Inc. |
Entity Incorporation State Country Code | OH |
Entity File Number | 001-36192 |
Entity Tax Identification Number | 34-1558688 |
Entity Address, Address Line One | 100 East Water Street |
Entity Address, Address Line Two | P.O. Box 5016 |
Entity Address, City or Town | Sandusky |
Entity Address, State or Province | OH |
Entity Address, Postal Zip Code | 44870 |
City Area Code | (419) |
Local Phone Number | 625-4121 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common |
Trading Symbol | CIVB |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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