Civista BANCSHARES, Inc. (CIVB) intrinsic value & 10-year financials
Civista BANCSHARES, Inc. (CIVB) has a Graham intrinsic value of $46.42 per share. At $26.85 on Oct 17, 2026, the stock trades 42% below that value. Over the last 10 fiscal years revenue grew 4.0% a year to $19.0M, with an average return on invested capital of 10.2%.
- Graham intrinsic value
- $46.42
- Share price (Oct 17, 2026)
- $26.85
- Price vs Graham value
- 42% below
- Market cap
- $467.8M
- Revenue (FY2025)
- $19.0M
- Revenue growth (10-yr CAGR)
- 4.0%
- ROIC (10-yr avg)
- 10.2%
- Free cash flow (FY2025)
- $42.1M
CIVB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $19.0M | $46.2M | $2.64 | $42.1M | — | 9.9% |
| FY2024 | $19.1M | $31.7M | $2.01 | $44.1M | — | 8.3% |
| FY2023 | $30.4M | $43.0M | $2.73 | $59.3M | — | 12.2% |
| FY2022 | $24.5M | $39.4M | $2.60 | $18.7M | — | 11.4% |
| FY2021 | $19.6M | $40.5M | $2.63 | $38.8M | — | 11.5% |
| FY2020 | $16.9M | $32.2M | $2.00 | $30.2M | — | 9.5% |
| FY2019 | $17.8M | $33.9M | $2.01 | $36.3M | — | 10.8% |
| FY2018 | $15.3M | $14.1M | $1.02 | $18.5M | — | 5.9% |
| FY2017 | $13.6M | $15.9M | $1.28 | $19.8M | — | 9.9% |
| FY2016 | $13.3M | $17.2M | $1.57 | $15.3M | — | 12.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CIVISTA BANCSHARES, INC. has demonstrated mature, steady growth, with revenue compounding at 4.1% annually over the past decade.
CIVISTA BANCSHARES, INC. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
CIVISTA BANCSHARES, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CIVISTA BANCSHARES, INC. is modeled at 5.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $46.42 per share.