Civista Bancshares, Inc.
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$31.68
Market Price
$26.82
Undervalued By
15.3%
Method: Justified price-to-tangible-book model: $19.70 tangible book value per share (Q1 2026); return on tangible equity of 13.65% (TTM EPS $2.69 / tangible book $19.70); 10% cost of equity; 4% sustainable long-run growth. Justified P/B = (0.1365-0.04)/(0.10-0.04) = 1.608x; intrinsic value = 1.608 x $19.70 = $31.68.
Reasoning: Civista Bancshares is a growing Ohio community bank (net income up 37.8% YoY, EPS up 6.8%) best valued on its return on tangible equity relative to tangible book, consistent with standard bank-holding-company valuation practice; its above-peer ~13.6% ROTE supports a premium to book value.