Civista Bancshares, Inc. (NASDAQ:CIVB) Q4 2022 Earnings Conference Call February 7, 2023 1:00 PM ET
Company Participants
Dennis Shaffer - President, CEO & Vice Chairman
Paul Stark - SVP
Richard Dutton - SVP & COO
Charles Parcher - SVP
Conference Call Participants
Terence McEvoy - Stephens Inc.
Manuel Navas - D.A. Davidson & Co.
Timothy Switzer - KBW
Daniel Cardenas - Janney Montgomery Scott
Operator
Good day, and welcome to the Civista Bancshares year-end 2022 Earnings Conference Call. [Operator Instructions].
Before we begin, I would like to remind you that this conference call may contain forward-looking statements with respect to the future performance and financial conditions of Civista Bancshares, Inc. that involves risks and uncertainties. Various factors could cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. These factors are discussed in the company's SEC filings, which are available on the company's website. The company disclaims any obligation to update any forward-looking statements made during the call.
Additionally, management may refer to non-GAAP measures, which are intended to supplement, but not substitute for the most directly comparable GAAP measures. The press release, also available on the company's website, contains the financial and other quantitative information to be discussed today as well as a reconciliation of the GAAP to non-GAAP measures. This call will be recorded and made available on Civista Bancshares website at www.civb.com. At the conclusion of Mr. Shaffer's remarks today, he and the Civista management team will take any questions that you may have. Now I will turn the call over to Mr. Shaffer. Please go ahead, sir.
Dennis Shaffer
Good afternoon. This is Dennis Shaffer, President and CEO of Civista Bancshares, and I would like to thank you for joining us for our fourth quarter 2022 earnings call. I'm joined today by Rich Dutton, SVP of the company and Chief Operating Officer of the bank; Charles Parcher, SVP of the company and Chief Lending Officer of the bank; and other members of our executive team. Let me start by noting several significant accomplishments or transactions that occurred during the fourth quarter. This morning, we reported earnings for the fourth quarter 2022 of $12.1 million or $0.77 per diluted share, which represents a 5% increase over the prior year's fourth quarter. Our full year results were net income of $39.4 million or $2.60 per diluted share for the year ended December 31, 2022, which is consistent with our prior year net income of $40.5 million.