Earnings Call Summary | Civista Bancshares(CIVB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Civista Bancshares(CIVB.US) Q1 2024 Earnings Conference
The following is a summary of the Civista Bancshares, Inc. (CIVB) Q1 2024 Earnings Call Transcript:
以下是Civista Bancshares, Inc.（CIVB）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Civista Bancshares reported a Q1 net income of $6.4 million or $0.41 per diluted share, a decline from Q1 2023.
Decreased income due to departure from a tax refund processor, changes in overdraft processing, and absence of a one-time bonus from a debit brand agreement renegotiation.
Increased allowance for credit losses leading to higher reserves.
The company's funding cost increased by 35 basis points to 2.54%.
Net interest margin contracted by 22 basis points, standing at 3.22% for the quarter.
Total loans and leases showed an annualized growth rate of 5%.
Civista Bancshares公佈的第一季度淨收益爲640萬美元，攤薄後每股收益爲0.41美元，較2023年第一季度有所下降。
由於退出退稅處理機構、透支處理方式的變更以及借記品牌協議重新談判中沒有一次性獎勵，收入減少。
增加信貸損失備抵額導致儲備金增加。
該公司的融資成本增加了35個點子，達到2.54％。
本季度淨利率收縮了22個點子，爲3.22％。
貸款和租賃總額的年化增長率爲5％。
Business Progress:
業務進展：
Loan and lease portfolio growth reported, signaling the strength of the markets and organization.
Initiatives to reduce costs and reliance on broker and wholesale funding have been launched.
Civista Bancshares plans to participate in the Ohio Home Buyers Plus Program for tax incentives and subsidies.
-The company aims to reduce reliance on wholesale and borrowed funding, increase revenue, and decrease expenses.
Challenges in the M&A environment due to higher rates; the company plans to focus on building capital base.
Strong loan pipelines in the multifamily area in metro Ohio markets.
The company plans to achieve mid-single-digit growth in loan segments, but it is contingent on the competitive environment and funding capabilities.
Civista Bancshares is also exploring growth opportunities in the wealth management sector and planning to attract more deposit relationships.
報告了貸款和租賃投資組合的增長，這表明了市場和組織的實力。
已經啓動了降低成本和對經紀人和批發融資依賴的舉措。
Civista Bancshares計劃參與俄亥俄州購房者Plus計劃，以獲得稅收優惠和補貼。
-公司的目標是減少對批發和借款資金的依賴，增加收入並減少支出。
由於利率上升，併購環境面臨挑戰；該公司計劃專注於建立資本基礎。
俄亥俄州大都會市場的多戶住宅區有充足的貸款渠道。
該公司計劃在貸款領域實現中等個位數的增長，但這取決於競爭環境和融資能力。
Civista Bancshares還在探索财富管理領域的增長機會，並計劃吸引更多的存款關係。
More details: Civista Bancshares IR
更多詳情： Civista Bancshares IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。