Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Investor Presentation (June 2026)
27 slides from Civista Bancshares's investor presentation, Jun 1, 2026
Slide 1: Civista Bancshares, Inc. Investor Presentation Q1 2026
Civista Bancshares, Inc. Investor Presentation Q1 2026 Dennis Shaffer Chief Executive Officer President Chuck Parcher Executive Vice President Richard Dutton Senior Vice President Chief Operating Officer Ian Whinnem Senior Vice President Chief Financial Officer
Slide 2: 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 future events, results or lon
Slide 3: Investment Highlights
Investment Highlights Business & Strategy Defensive Funding Profile 1.81% Cost of Deposits Core deposits supported by public funds Conservative CRE Exposure ~6% Office in Central Business District (CBD) Office CRE modest portion of total loans Disciplined Capital Deployment ~25% Dividend Payout TBV‑
Slide 4: Proven Community Bank Franchise
Proven Community Bank Franchise Business & Strategy 141-Year History Established community banking franchise with generational and relationship driven customer base Offering full-service retail banking, commercial lending, mortgage & wealth services, and a national leasing services. Disciplined Fund
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 share leade
Slide 6: About Our Footprint: Ohio at a Glance
About Our Footprint Business & Strategy Ohio at a Glance 11.8M Residents Top-10 U.S. state by population 27 Fortune 500 HQs 5th most nationally • $935B GDP #5 Top State for Business CNBC, 2025 Why it Matters for Civista 5 Largest MSAs Presence across Ohio’s major metropolitan areas Strong Corporate
Slide 7: Executing our Growth Strategy
Executing our Growth Strategy Business & 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 +34 bps
Slide 8: Diversified Business Segments
Diversified Business Segments Business & Strategy CIVISTA BANCSHARES Full-Service Banking Organization with Diversified Revenue Streams SPREAD-DRIVEN SPECIALTY & FEE-BASED 🏢 Commercial Banking Relationship lending & deposits Earns spread income from C&I, CRE, and business credit relationships 👥…
Slide 9: Balance Sheet Strength: Organic > Acquired Growth
2026 &P Capital IQ Pro $1.4 Acquisition: Closed July 2022 $327M in Assets Acquisition: Closed Nov. 2025 $285M in Assets $1.5 $1.6 $1.6 $2.3 $2.6 $3.1 $3.2 $3.7 $3.9 $4.1 Terminated tax refund processing: January 2024 9 Acquisition: Closed Sept. 2018 $551M in Assets 2015 2016 2017 2018 2019 2020 2021
Slide 10: M&A Philosophy
Risk & Capital Preserves capital flexibility and balance sheet strength Manageable credit risk / concentrations Financial Discipline Target assets of ~$300 million to ~$1.5 billion EPS accretive with disciplined TBV earn-back M&A Philosophy Business & Strategy Strategic Fit Ohio or contiguous states
Slide 11: 2026 First Quarter Financials
All figures are end of period 1Q 2026 and 1Q 2025 respectively 1. See Non-GAAP Reconciliation on page 22 2026 First Quarter Financials 1Q 2026 1Q 2025 Earnings Performance NIM 3.85% 3.51% ROAA 1.41% 1.00% ROAE 10.97% 10.39% Net Income $15.0M $10.2M Balance Sheet Position Total Assets $4.30B $4.15B G
Slide 12: Total Loans and Leases
Total Loans and Leases Financial Performance Total Loans $3.2B Loan Mix CRE NOO Detail 6% of total office is in Central Business District ($ in millions) All figures as of 3/31/2026
Slide 13: Deposits
Deposits Financial Performance Fed Funds rate (upper bound) Cost of Funding Cost of Deposits Average Deposit Balances Cost of Funds Trend Deposit Mix1 Loan to Deposit Ratio of 92.2% $523M Public Fund Deposits (no other concentrations) Total $3.5B ($ in millions) ($ in millions) 1. End of period as o
Slide 14: Earnings Analysis
Earnings Analysis Financial Performance 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 Non-Interest Expense 29.9 27.1 Earnings Before Tax 18.0 11.9 Net Income 15.0 10.2 Eff
Slide 15: Credit Quality
Credit Quality Credit, Liquidity & Capital 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
Slide 16: Capital Management & Liquidity
Capital Management & Liquidity Credit, Liquidity & Capital Liquidity Tier 1 Leverage Ratio Total Risk Based Capital Ratio Tangible Common Equity Ratio1 Dividend Payout Ratio is 24.9% $0.18 per share Dividend Paid in Q1 of 2026 Dividends 22.6% Total Cash and Securities as % Total Deposits 34% Availab
Slide 17: Outlook: Valuation & Shareholder Returns
Outlook Valuation & Shareholder Returns Current Valuation Price / TBV1: 1.16x Peer Median P/TBV2: ~ 1.46x (Selected Midwest Banks) Dividend Yield: 3.16% Dividend Payout Ratio: 24.9% Value Creation Drivers TBV/Share1: $19.70 EPS: $0.72 1Q26 (+$0.06 YoY) Margin Expansion: NIM +34 bps YoY ROAE: 10.97%
Slide 18: Profitability Outlook
Profitability Outlook $37.8M Q1 NII +16% YoY $15.0M Q1 Net Inc +24% YoY $0.72 Q1 EPS vs $0.66 Q1’25 What This Means for Investors Earnings Power NII at $37.8M quarterly record Funding Advantage Low-cost deposits anchor margin and support durable earnings momentum Scale Benefits FSB adds $268M assets
Slide 19: Long-Term Value Outlook
Long-Term Value Outlook 1.41% ROAA +41 bps YoY 11.0% ROAE +58 bps YoY 60.1% Efficiency Ratio1 −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 profitability Asset Retu
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
Slide 21: Appendix
Appendix
Slide 22: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Appendix (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
Reconciliation of Non-GAAP Financial Measures Appendix (Unaudited - dollars in thousands except Efficiency Ratio) Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 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: Selected Midwest Community Banks
Selected Midwest Community Banks | Q1 2025 / Most Recent Quarter Data Source: S&P Global Market Intelligence, company filings. TCE Ratio is a non-GAAP measure. Civista Efficiency Ratio reflects Q1 2026 excluding merger-related expenses. Peers Include: MSBI, LCNB, FFBC, QCRH, IBCP, MBWM, NIC, GABC Ap
Slide 25: Market Share in Our Footprint
Appendix Sandusky/Norwalk/Port Clinton, Ohio 9 Locations Loans $770 million Deposits $1,509 million #1 deposit market share in Sandusky, Ohio with ~67% Cleveland/Akron, Ohio 3 Locations Loans $946 million Deposits $191 million North Central, Ohio 8 Locations Loans $146 million Deposits $470 million
Slide 26: Civista Leasing and Equipment Financing
Civista Leasing and Equipment Financing Appendix 1Q 2026 Production QTD Funded: $18.2 million Sold: $9.4 million Net Production: $8.8 million Targeted Industries: Propane, Recycling/Waste Management, Environmental, Additive Manufacturing (3-D Printing), Construction, Non-destructive testing Avg. Yie
Slide 27: Forbes America's Best Banks - Methodology
Appendix Forbes evaluates each bank on 10 equally weighted quantitative measures, sourced from S&P Global Market Intelligence. Rankings are independently compiled by Forbes. Profitability 1. Net Interest Margin (NIM) 2. Return on Avg. Tangible Common Equity (ROATCE) 3. Return on Average Assets (ROAA
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