CIVBCIVISTA BANCSHARES, INC.
State Commercial Banks
- Revenue
- $19M
- 0.5% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $587M
- Employees
- 526
- $36K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$1M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo94% of net incomeCash flow under 80% of net income
- Dilutive SBCNo4% of revenueOver 10% of revenue
- Payouts exceed cash flowNo28% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo3% of assetsOver 40% of assets
- Shareholder dissentNo100% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$36K · 38th pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$587M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$32K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $20M | $25M | $30M | $19M | $19M | 0.5% |
| Net income | $41M | $39M | $43M | $32M | $46M | 46% |
| Operating cash flow | $41M | $25M | $63M | $48M | $43M | 10% |
| Capex | $2M | $7M | $3M | $4M | $1M | 72% |
| Stock-based comp | $702K | $819K | $984K | $871K | $852K | 2.2% |
| Buybacks | $22M | $17M | $2M | $164K | $178K | 8.5% |
| Dividends | $8M | $8M | $10M | $10M | $12M | 18% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $32K · 3
- Open-market sells, 12 mo
- $0 · 0
- Net
- $32K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $3M | 148 | 211 |
| FY2024 | $2M | $2M | 102 | 144 |
| FY2023 | $1M | $944K | 86 | 107 |
| FY2022 | $924K | $907K | 99 | 98 |
| FY2021 | $849K | $891K | 107 | 119 |