Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Shareholder Meeting (April 2023)
39 slides from Civista Bancshares's shareholder meeting presentation, Apr 19, 2023
Slide 1: Welcome Annual Shareholder Meeting April 18, 2023
Exhibit 99.1 WELCOME ANNUAL SHAREHOLDER MEETING APRIL 18, 2023 NASDQ: CIVB
Slide 2: Forward-Looking Statements
FORWARD‐LOOKING STATEMENTS 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 fu
Slide 3: Chairman of Civista Bancshares, Inc. and Civista Bank
CHAIRMAN OF CIVISTA BANCSHARES, INC. AND CIVISTA BANK DENNIS E. MURRAY, JR.
Slide 4: CEO and President, Corporate Secretary, Recording Secretary
CEO AND PRESIDENT, CIVISTA BANCSHARES, INC. DENNIS SHAFFER CORPORATE SECRETARY, CIVISTA BANCSHARES, INC. LANCE MORRISON RECORDING SECRETARY KAREN TERENZI
Slide 5: Auditors, Legal Counsel and Transfer Agent
FORVIS, LLP BRIAN MISCHEL VORYS, SATER, SEYMOUR and PEASE TONY WEIS AMERICAN STOCK TRANSFER & TRUST COMPANY KIMBERLEE KOSKIEWICZ
Slide 6: Civista Bancshares, Inc. 2023 Annual Meeting
» CIVISTA BANCSHARES, INC. 2023 ANNUAL MEETING
Slide 7: Proposal Presentation
PROPOSAL PRESENTATION PROPOSAL NO.1: Election of Directors PROPOSAL NO.2: Compensation of Executive Officers PROPOSAL NO.3: Appointment of FORVIS, LLP as the independent public accounting firm of the Corporation for fiscal year ending December 31, 2023
Slide 8: Management Presentation
DENNIS SHAFFER, CEO & PRESIDENT MANAGEMENT PRESENTATION
Slide 9: Board of Directors Civista Bancshares & Bank
BOARD OF DIRECTORS CIVISTA BANCSHARES & BANK
Slide 10: Welcomed to the Board in 2022
WELCOMED TO THE BOARD IN 2022 Lorina W. Wise Nathan E. Weaks Clyde A. “Chip” Perfect, Jr. Civista Bancshares & Civista Bank Board Civista Bank Board Civista Bank Boards
Slide 11: Retiring Board Members
RETIRING BOARD MEMBERS [PHOTO] [PHOTO] [PHOTO] Barry W. Boerger Daniel J. White William F. Ritzmann
Slide 12: Current State of the Market
CURRENT STATE OF THE MARKET SVB, Signature, and Silvergate bank closures nd SVB 2 largest bank failure in U.S. history All unique business models with liquidity issues High concentration in specific industries Large % of uninsured deposits
Slide 13: Civista's Strength
CIVISTA’S STRENGTH Capacity to preserve and protect our customers’ money remains strong Well Capitalized Strong and ample liquidity Diverse deposit base with no concentration
Slide 14: Capital
CIVISTA BANCSHARES, INC. CAPITAL REGULATORY THRESHOLD ACTUAL ADEQUATE WELL CAPITALIZED 4 ) (s) Total Risk-Based Capital Consolidated 395,125 14.5 Civista 366,377 217,681 219,357 8.0 8.0 N/A 274,196 Tier | Risk-Based Capital Consolidated 293,164 Civista 337,866, 163,261 6.0 /A 164,517 6.0 | 219,357 N
Slide 15: Liquidity
LIQUIDITY On Balance Sheet $427.8 million Off Balance Sheet $1.48 billion
Slide 16: Deposits
DEPOSITS 83% of deposits FDIC insured No industry concentration Deposit base consists of individuals, community businesses, public entities and non‐profits
Slide 17: Expectations Moving Forward
EXPECTATIONS MOVING FORWARD Deposit outflows/shrinking liquidity drives deposit costs higher Tighter credit markets More margin pressure Increased regulatory standards and costs Increased credit costs
Slide 18: Opportunity
OPPORTUNITY Continue to build relationships When others stop lending, we forge ahead Collaborative deposit gathering efforts Stay disciplined in our loan and deposit pricing to protect our margin
Slide 19: Communicate Our Story
COMMUNICATE OUR STORY Civista is a community bank Community banks make • 60% of the small business loans in the country • 80% of the ag loans Successfully delivered PPP loans when our businesses needed it most Invest in rural America
Slide 20: 2022 Year in Review: Local & National Challenges
2022 YEAR IN REVIEW LOCAL & NATIONAL CHALLENGES High inflation Supply chain issues Tight labor markets Political unrest
Slide 21: 2022 Year in Review: Civista's Challenges
2022 YEAR IN REVIEW CIVISTA’S CHALLENGES Rising interest rates led to slowdown in residential mortgage volume Outflow of deposits brought on by higher consumer spending and end of government stimulus funds Loss of PPP income
Slide 22: 2022 Year in Review: Highlights
2022 YEAR IN REVIEW HIGHLIGHTS Completed two acquisitions Expanded in Central Ohio Achieved record organic loan growth Earned near record profits
Slide 23: Communibanc Acquisition: The Henry County Bank
2022 YEAR IN REVIEW COMMUNIBANC ACQUISITION: THE HENRY COUNTY BANK $315 million in assets Strong core deposits, reasonably priced Lower loan to deposit ratio 10‐11% earning accretion estimated in 2023 Expansion into Northwest Ohio
Slide 24: Acquisition: Vision Financial Group, Inc.
2022 YEAR IN REVIEW ACQUISITION: VISION FINANCIAL GROUP, INC. Full‐service equipment leasing & finance company Majority small ticket leases under $250K Diversifies our revenue stream Higher yielding assets to our balance sheet
Slide 25: Central Ohio Expansion
2022 YEAR IN REVIEW CENTRAL OHIO EXPANSION Opened full‐service branch near Gahanna, Ohio Additional presence in a growing market Close proximity to Intel Corp site
Slide 26: Responsible Growth
2022 YEAR IN REVIEW RESPONSIBLE GROWTH Profitable Accretive Timely return on investment
Slide 27: Importance of Growth
2022 YEAR IN REVIEW IMPORTANCE OF GROWTH Increased revenue and profits = DEVELOP our employees REINVEST in our communities INVEST in technology • greater operational efficiencies and improved customer experience
Slide 28: 2022 Financial Highlights: Net Income
2022 FINANCIAL HIGHLIGHTS NET INCOME Earned near record income of $39.4 million Includes $3.8 million in one‐time, non‐recurring acquisition costs $12.9 million less in PPP and gain‐on‐sale of residential mortgages fees
Slide 29: 2022 Financial Highlights: Net Interest Margin
2022 FINANCIAL HIGHLIGHTS NET INTEREST MARGIN Expanded 72bp to 4.14% ‐Q4 2021 to Q4 2022 Asset sensitive balance sheet 34.2% non‐interest bearing DDA 12.2% Time Deposits
Slide 30: 2022 Financial Highlights: Record Organic Loan Growth
2022 FINANCIAL HIGHLIGHTS RECORD ORGANIC LOAN GROWTH Strong commercial demand Net loans, exclusive of acquisitions, grew $314.1 million or 15.7% for the year Gross originations $1.4 billion
Slide 31: 2022 Financial Highlights: Credit Quality & Deposit Growth
2022 FINANCIAL HIGHLIGHTS CREDIT QUALITY & DEPOSIT GROWTH Strong credit quality Delinquencies & Charge Offs at historically low levels Deposits grew $203.3 million or 8.4% primarily thru acquisitions
Slide 32: Investing for the Future
INVESTING FOR THE FUTURE Continue to invest in technology that: Improves our customer experience Automates work to improve scalability & capability • Small business workflow • Digital product enhancements • Robotic process automation
Slide 33: Investing in Our People
INVESTING IN OUR PEOPLE Creation of Civista University, a new Learning Management System Bank Management Schools Employee Resource Groups All Employee Day of Learning Event
Slide 34: Investing in Our Communities
INVESTING IN OUR COMMUNITIES Gross loan originations of $1.4 billion Donations Employee volunteers
Slide 35: Recognition
RECOGNITION A 2022 Best Employer in Ohio – 12th consecutive year Named as one of the best U.S. Banks in the country for financial performance, Bank Director Magazine
Slide 36: Thank You: 2023 Challenges yet Opportunity
THANK YOU 2023: Challenges yet Opportunity Staying disciplined to our relationship bankingphilosophy & approach
Slide 37: Questions & Answers
BANCSHARES, INC QUESTIONS & ANSWERS
Slide 38: Voting Results
VOTING RESULTS PROPOSAL NO. 1: Election of Directors PROPOSAL NO. 2: Compensation of Executive Officers PROPOSAL NO. 3: Appointment of FORVIS, LLP as independent public accounting firm
Slide 39: Thank You for Attending
> CIVISTA BANCSHARES, INC. THANK YOU FOR ATTENDING
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