Civista Bancshares Q3 2024 GAAP EPS $0.53 Beats $0.44 Estimate, Sales $38.919M Beat $37.808M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civista Bancshares reported Q3 2024 earnings per share of $0.53, surpassing the analyst estimate of $0.44. Sales were $38.919 million, also beating the estimate of $37.808 million. Despite beating estimates, both EPS and sales decreased compared to the same period last year.
October 29, 2024 | 11:35 am
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Civista Bancshares reported better-than-expected Q3 2024 earnings and sales, but both metrics declined year-over-year.
Civista Bancshares exceeded analyst expectations for both EPS and sales, which is typically positive for stock prices. However, the year-over-year decline in both metrics may temper investor enthusiasm. The immediate impact is likely positive due to the earnings beat.
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