vs
Side-by-side financial comparison of CIVISTA BANCSHARES, INC. (CIVB) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $47.3M, roughly 1.9× CIVISTA BANCSHARES, INC.). CIVISTA BANCSHARES, INC. runs the higher net margin — 31.7% vs -5.9%, a 37.6% gap on every dollar of revenue. Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 11.3%).
Civista Bancshares, Inc. is a US-based bank holding company operating primarily across the Midwest region. It provides a full suite of personal and commercial banking services including deposit accounts, mortgage, consumer and commercial lending products, as well as wealth management solutions, serving retail consumers, small and medium-sized local businesses and community client segments.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
CIVB vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.3M | $91.6M |
| Net Profit | $15.0M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | — | -1.0% |
| Net Margin | 31.7% | -5.9% |
| Revenue YoY | — | 7.2% |
| Net Profit YoY | 47.4% | -95.8% |
| EPS (diluted) | $0.72 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $46.3M | $91.6M | ||
| Q3 25 | $44.2M | $89.8M | ||
| Q2 25 | $41.4M | $88.6M | ||
| Q1 25 | $40.6M | $87.9M | ||
| Q4 24 | $40.4M | $85.4M | ||
| Q3 24 | $39.3M | $87.6M | ||
| Q2 24 | $38.1M | $85.8M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $12.8M | $-9.4M | ||
| Q2 25 | $11.0M | $-9.0M | ||
| Q1 25 | $10.2M | $-9.1M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $8.4M | $-5.3M | ||
| Q2 24 | $7.1M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | 31.8% | -1.0% | ||
| Q3 25 | 35.4% | -8.0% | ||
| Q2 25 | 31.1% | -10.3% | ||
| Q1 25 | 29.4% | -6.9% | ||
| Q4 24 | 28.2% | -6.7% | ||
| Q3 24 | 25.2% | -4.8% | ||
| Q2 24 | 21.2% | -18.5% |
| Q1 26 | 31.7% | — | ||
| Q4 25 | — | -5.9% | ||
| Q3 25 | 28.9% | -10.5% | ||
| Q2 25 | 26.6% | -10.2% | ||
| Q1 25 | 25.0% | -10.4% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | 21.3% | -6.0% | ||
| Q2 24 | 18.5% | -15.0% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.59 | $-0.13 | ||
| Q3 25 | $0.68 | $-0.20 | ||
| Q2 25 | $0.71 | $-0.19 | ||
| Q1 25 | $0.66 | $-0.19 | ||
| Q4 24 | $0.62 | $-0.34 | ||
| Q3 24 | $0.53 | $-0.13 | ||
| Q2 24 | $0.45 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $553.9M | $880.8M |
| Total Assets | $4.3B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $87.5M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $43.1M | ||
| Q2 24 | — | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M |
| Q1 26 | $553.9M | — | ||
| Q4 25 | $543.5M | $880.8M | ||
| Q3 25 | $499.0M | $892.7M | ||
| Q2 25 | $404.1M | $902.0M | ||
| Q1 25 | $397.4M | $910.5M | ||
| Q4 24 | $388.5M | $918.6M | ||
| Q3 24 | $394.4M | $925.4M | ||
| Q2 24 | $373.8M | $933.1M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $1.9B | ||
| Q3 25 | $4.1B | $1.9B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $4.1B | $1.8B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $4.1B | $1.7B | ||
| Q2 24 | $4.0B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $43.3M | $28.8M | ||
| Q3 25 | $19.0M | $30.7M | ||
| Q2 25 | $11.1M | $20.9M | ||
| Q1 25 | $3.6M | $20.5M | ||
| Q4 24 | $48.2M | $20.6M | ||
| Q3 24 | $12.9M | $24.3M | ||
| Q2 24 | $12.2M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $42.1M | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | $3.5M | $-62.7M | ||
| Q4 24 | $44.1M | $-72.0M | ||
| Q3 24 | — | $-51.3M | ||
| Q2 24 | — | $-78.3M |
| Q1 26 | — | — | ||
| Q4 25 | 90.9% | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | 8.5% | -71.3% | ||
| Q4 24 | 109.1% | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | 0.4% | 94.7% | ||
| Q4 24 | 10.4% | 108.4% | ||
| Q3 24 | — | 86.2% | ||
| Q2 24 | — | 94.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIVB
| Net Interest Income | $37.8M | 80% |
| Noninterest Income | $9.4M | 20% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
