Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Q1 2026 Earnings Presentation
27 slides from Civista Bancshares's earnings presentation, Apr 22, 2026
Slide 1: Civista Bancshares, Inc. Investor Presentation Q1 2026
Civista Bancshares, Inc. Investor Presentation Q1 2026 Dennis Shaffer Chuck Parcher Richard Dutton Ian Whinnem Chief Executive Officer Executive Vice President Senior Vice President Senior Vice President President Chief Operating Officer Chief Financial Officer NASDAQ: CIVB
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements. This presentation may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements express management’s current expectations, estimates or projections of future events, res
Slide 3: Investment Highlights
Business & Strategy Investment Highlights Attractive Profitability Defensive Funding Profile 10.97% 1.41% +34bps 1.81% Cost of Deposits Core deposits supported by public funds ROAE ROAA YoY NIM Conservative CRE Exposure Disciplined Capital Deployment ~6% Office in Central Business District (CBD) ~25
Slide 4: Proven Community Bank Franchise
Business & Strategy Proven Community Bank Franchise 141-Year History Established community banking franchise with 1.16x 9.9% generational and relationship driven customer base Price/ Tangible Book Value Tangible Common per Share1 Equity to Tangible Offering full-service retail banking, commercial
Slide 5: Geographical Footprint
Business & Strategy Geographical Footprint Community Banking across Ohio, Indiana, and Kentucky Presence in top 5 largest Ohio MSA’s (Columbus, Cleveland, Cincinnati, Dayton, Toledo) Combination of urban, suburban, and rural markets Headquartered in 1884 in Sandusky, Ohio, deposit market sha
Slide 6: About Our Footprint
Business & Strategy About Our Footprint Ohio at a Glance 11.8M 27 #5 Residents Fortune 500 HQs Top State for Business Top-10 U.S. state by population 5th most nationally • $935B GDP CNBC, 2025 Why it Matters for Civista 5 Strong ~135 Corporate Investment Banks in Ohio Largest MSAs Significant activi
Slide 7: Executing our Growth Strategy
Business & Strategy Executing our Growth Strategy Revenue & Relationship Growth Expands low-cost funding, fees, and customer value Digital deposit account opening across channels Deposit redesign and debit card utilization Payments upgrades driving engagement and fees Financial Outcome: NIM +3
Slide 8: Diversified Business Segments
Business & Strategy Diversified Business Segments CIVISTA BANCSHARES Full-Service Banking Organization with Diversified Revenue Streams SPREAD-DRIVEN SPECIALTY & FEE-BASED Commercial Banking Treasury Management Wealth Management Deposit gathering & Fee Income Advisory & Trust Fees Relationship lendi
Slide 9: Balance Sheet Strength
Business & Strategy Balance Sheet Strength Acquisition: &P Capital IQ Pro Growth: Organic > Acquired Acquisition: Terminated tax refund processing: Closed Nov. 2025 January 2024 $285M in Assets Organic asset growth has driven balance sheet expansion with opportunistic acquisitions Closed July 2022 O
Slide 10: M&A Philosophy
Business & Strategy M&A Philosophy Strategic Fit Risk & Capital Ohio or contiguous states; core MSAs Preserves capital flexibility and balance Funding-friendly balance sheet (low L/D, sheet strength strong core deposits) Manageable credit risk / concentrations Financial Discipline Integratio
Slide 11: 2026 First Quarter Financials
Financial Performance 2026 First Quarter Financials 1Q 2026 1Q 2025 Earnings Performance Net Income grew 47% YoY NIM 3.85% 3.51% ROAA 1.41% 1.00% ROAE 10.97% 10.39% Completed FSB acquisition - $106M in loans and leases Net Income $15.0M $10.2M - $236M in deposits Balance Sheet Position Total Ass
Slide 12: Total Loans and Leases
Financial Performance Total Loans and Leases Loan Mix CRE NOO ($ in millions) Detail Total Loans $3.2B 6% of total office is in Central Business District All figures as of 3/31/2026 12
Slide 13: Deposits
Financial Performance Deposits Average Deposit Balances Deposit Mix1 ($ in millions) ($ in millions) Total $3.5B Cost of Funds Trend Fed Funds rate (upper bound) Loan to Deposit Ratio of 92.2% Cost of Funding $523M Public Fund Deposits Cost of Deposits (no other concentrations) 1. End of period
Slide 14: Earnings Analysis
Financial Performance Earnings Analysis NII and NIM ($ in millions and %) 1Q 2026 1Q 2025 Net Income ($ in millions) Interest Income 55.8 53.7 Interest Expenses 18.0 21.0 Net Interest Income 37.8 32.7 Provision (0.6) 1.6 Non-Interest Income 9.4 7.9 Efficiency Ratio1 & ROAA Non-Interest Expense 29.9
Slide 15: Credit Quality
Credit, Liquidity & Capital Credit Quality Credit Loss Reserves / Gross Loans Reserves / Non-performing Loans Non-performing Assets / Assets Net Charge-off Ratio1 All figures are End of Period Balances 1. 1Q 2026 represents an annualized percentage 15
Slide 16: Capital Management & Liquidity
Credit, Liquidity & Capital Capital Management & Liquidity $75MM Capital Raise (July 2025) Dividends Tier 1 Leverage Ratio Dividend Payout Ratio is 24.9% CAGR +26.1% $0.18 per share Dividend Paid in Q1 of 2026 Total Risk Based Capital Ratio CAGR +22.2% Liquidity 22.6% 34% Total Cash and Availabl
Slide 17: Valuation & Shareholder Returns
Outlook Valuation & Shareholder Returns Current Valuation Value Creation Drivers Price / TBV1: 1.16x TBV/Share1: $19.70 Peer Median P/TBV2: ~ 1.46x EPS: $0.72 1Q26 (+$0.06 YoY) (Selected Midwest Banks) Margin Expansion: NIM +34 bps YoY Dividend Yield: 3.16% ROAE: 10.97% (1Q 2026) Dividend Payout Rat
Slide 18: Profitability
Outlook Profitability $75MM Capital Raise (July 2025) $37.8M $15.0M $0.72 Diluted EPS $0.63 $0.66 $0.71 $0.68 $0.61 $0.72 Q1 NII Q1 Net Inc Q1 EPS +16% YoY +24% YoY vs $0.66 Q1’25 What This Means for Investors Net Interest Income ($M) Earnings Power NII at $37.8M quarterly record Funding Advantage L
Slide 19: Long-Term Value
Outlook Long-Term Value 1.41% 11.0% 60.1% ROAA ROAE Efficiency Ratio1 Efficiency Ratio1 +41 bps YoY +58 bps YoY −480 bps YoY What This Means for Investors Operating Leverage Cost of funds down 35 bps YoY; NIM expanding Structural Efficiency Cost discipline and scale benefits support sustained profit
Slide 20: Executive Team
Executive Team Dennis G. Shaffer Chief Executive Officer Michael D. Mulford Senior Vice President Chief Credit Officer Robert L. Katitus Senior Vice President Chief Lending Officer CIVISTA BANCSHARES, INC. Charles A. Parcher President Veronica Doucette Senior Vice President Human Resources Officer R
Slide 21: Appendix
Appendix 21
Slide 22: Reconciliation of Non-GAAP Financial Measures
Appendix Reconciliation of Non-GAAP Financial Measures (Unaudited - dollars in thousands except share data) Q1 2026 Q1 2025 Tangible Common Equity Total Shareholder's Equity – GAAP 552,243 397,434 Less: Preferred Equity - - Less: Goodwill and intangible assets 142,774 133,026 Tangible common equity
Slide 23: Reconciliation of Non-GAAP Financial Measures
Appendix Reconciliation of Non-GAAP Financial Measures (Unaudited - dollars in thousands except Efficiency Ratio) Q1 Q4 Q3 Q2 Q1 Q4 2026 2025 2025 2025 2025 2024 Noninterest expense – GAAP 29,873 31,003 28,327 27,482 27,126 28,296 Less: Amortization of intangible assets expense 696 576 318 339 332 3
Slide 24: Peer Group Comparison
Appendix Peer Group Comparison Selected Midwest Community Banks | Q1 2025 / Most Recent Quarter Data Assets ROAA ROAE NIM TCE Ratio P/ TBV Peer 1 $6.5B 1.14% 12.97% 3.86% 6.76% 1.08x Peer 2 $2.2B 0.79% 6.43% 3.78% 8.25% 1.25x Peer 3 $21.1B 1.33% 10.10% 3.94% 7.90% 1.75x Peer 4 $9.6B 1.40% 11.75% 3.5
Slide 25: Market Share in Our Footprint
Appendix Market Share in Our Footprint Sandusky/Norwalk/Port Northwest Ohio Clinton, Ohio 6 Locations 9 Locations Loans $249 million Loans $770 million Deposits $212 million Deposits $1,509 million ~13% deposit market share #1 deposit market share in Sandusky, Ohio with ~67% Columbus & West Clevelan
Slide 26: Civista Leasing and Equipment Financing
Appendix Civista Leasing and Equipment Financing 1Q 2026 Production • QTD Funded: $18.2 million • Sold: $9.4 million • Net Production: $8.8 million Avg. Yield on Total Portfolio: 9.23% Avg. Yield on Q3 Originations: 8.48% Targeted Industries: Propane, Recycling/Waste Management, Environmental,
Slide 27: Forbes America's Best Banks - Methodology
Appendix Forbes America’s Best Banks - Methodology Forbes evaluates each bank on 10 equally weighted quantitative measures, sourced from S&P Global Market Intelligence. Rankings are independently compiled by Forbes. Profitability Capital Strength Efficiency 1. Net Interest Margin (NIM) 4. Common Equ