Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Shareholder Meeting (April 2022)
38 slides from Civista Bancshares's shareholder meeting presentation, Apr 20, 2022
Slide 1: Welcome Annual Shareholder Meeting April 19, 2022
Welcome Annual Shareholder Meeting April 19, 2022 NASDQ: CIVB Exhibit 99.1
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: James O. Miller, Chairman of the Board
James o. miller Chairman of the board
Slide 4: Agenda 2022 Annual Meeting
agenda 2022 annual meeting Welcome & Introductions Call to Order Affidavit Notice of Meeting Quorum Minutes of the 2021 Annual Meeting Proposal 1 Proposal 2 Proposal 3 Management Presentation Voting Results Adjournment
Slide 5: Shareholder call-in and webcast details
855-238-2712 Shareholders and others call in: https://www.webcaster4.com/webcast/page/1684/44427 Link Is also available on our website civb.com Connect online:
Slide 6: Company officers and secretaries
yc gusta CEO AND PRESIDENT DENNIS SHAFFER GENERAL COUNSEL & CORPORATE SECRETARY LANCE A. MORRISON RECORDING SECRETARY AMY GRANT ——————————
Slide 7: Auditors, counsel and transfer agent representatives
x CIVISTA BKD, LLP BRIAN MISCHEL VORYS, SATER, SEYMOUR, AND PEASE TONY WEIS AMERICAN STOCK TRANSFER & TRUST COMPANY KIMBERLEE KOSKIEWICZ
Slide 8: Proposal Presentation
PROPOSAL PRESENTATION PROPOSAL NO.1: Election of Directors PROPOSAL NO.2: Compensation of Executive Officers PROPOSAL NO.3: Appointment of BKD, LLP as independent public accounting firm
Slide 9: Management Presentation, Dennis Shaffer, CEO & President
Management presentation Dennis Shaffer, CEO & president
Slide 10: 2021 Most financially successful year in our history
2021 Most financially successful year in our history Record Net Income $40.5 million Return on Average Assets 1.34% Return on Average Equity 11.61%
Slide 11: Loan growth: record gross loan production
loan growth Record Gross Loan Production - $1.2 billion
Slide 12: Loan growth: SBA PPP loans
loan growth SBA Paycheck Protection Program (PPP) - $131 million during second round
Slide 13: Loan growth: mortgage loans sold and portfolio loans
loan growth Sold Secondary Market Residential Mortgage Loans - $260.3 million Community View Loan (Residential Portfolio Loans) - $31.2 million
Slide 14: Deposit growth
deposit growth Deposit Balances grew by $227.3 million (10.4%) Deposit Portfolio Balance - $2.4 billion EOY $68.1 million (30%) of this growth occurred in non-interest demand accounts. Non-interest demand accounts made up 33% of all Civista deposits
Slide 15: Investment security portfolio growth
Investment security portfolio growth Grew by $196.6 million in 2021 EOY balance $560.9 million
Slide 16: Non-interest income
Non-interest income $31.5 million in 2021 Increase of $3.3 million (11.6%) INCREASED EARNINGS: Strong Residential Mortgage Production Interchange Fees Service Charges Wealth Management
Slide 17: Other 2021 accomplishments: share repurchase
OTHER 2021 ACCOMPLISHMENTS Board approved $13.5 million share repurchase Repurchased 983,400 shares for $22.59 per share $9.3 million of the authorization remained at end of 2021
Slide 18: Other 2021 accomplishments: dividends and subordinated notes
OTHER 2021 ACCOMPLISHMENTS Increased dividend TWICE in 2021 Stock price increased 39.2% in 2021 Completed a private placement of $75 million in subordinated notes to support growth
Slide 19: Acquisition agreement: Comunibanc Corp
Acquisition agreement Comunibanc Corp, parent company of The Henry County Bank, Napoleon, Ohio. Comunibanc Total Assets: $329 million Comunibanc Total Loans: $165 million
Slide 20: Acquisition agreement: new branches and deposits
Acquisition agreement Will add 7 branches in Henry and Wood Counties and $276 million in low-cost deposits
Slide 21: Acquisition: Combined company
Acquisition: Combined company Total Assets: $3.3 billion Total Net Loans: $2.1 billion Total Deposits: $2.7 billion
Slide 22: Acquisition: benefits
Acquisition: benefits Significantly accelerates our presence in NW Ohio Helps accomplish Strategic Goal of having a significant presence in the top five Ohio metropolitan areas Growth helps leverage our technology investments Henry County Bank’s strong core customer base fits well with our relations
Slide 23: Acquisition: looking forward
Acquisition: looking forward Estimating 10% to 11% earnings per share accretion Anticipate retaining customer-facing personnel Majority of cost-saves recognized through the elimination of duplicate services and systems
Slide 24: Investment in technology
Investment in technology Electronic Statement Enhancement New Digital Banking Platform Introduction of Chatbot “Penny” Online Account Opening Automated Commercial Lending Workflow System
Slide 25: Electronic statements
Electronic statements NEW Electronic document delivery portal for statements, account notices, and tax documents Since launch in April 2021, 16% increase in electronic statement adoption for checking and savings accounts
Slide 26: New digital banking
New digital banking Successfully transitioned 33,000 users Simplified and consistent experience across all devices – mobile, tablet, desktop New tools for managing daily finances Enhanced security and ease Allows us to deliver a more personalized customer experience
Slide 27: Online account opening
Online account opening Key channel for both existing customer and new customer checking acquisition and deposit growth
Slide 28: Chatbot "Penny"
Chatbot “penny” Virtual Banking Assistant within Civista Digital Banking and on Civista.Bank website Uses Artificial Intelligence (AI) and Live Support to meet customers in the channel they prefer
Slide 29: New loan origination system LoanVantage
New loan origination system LoanVantage Improves internal workflow from Application to Closing Eliminates duplication Streamlines work efforts across internal departments
Slide 30: Looking ahead: 2022
Looking ahead: 2022 Building out Strategic Implementations Continue to invest in our people, systems, and products Accelerate Digital Banking efforts to deliver products and services more efficiently and make banking with Civista as effortless as possible
Slide 31: Looking ahead: 2022 key objective
Looking ahead: 2022 KEY OBJECTIVE: Build customer confidence in using digital services Improve customers’ financial lives Gain customer loyalty Establish Civista as a trusted financial provider
Slide 32: Looking ahead: corporate culture
Looking ahead: 2022 Continue to build a strong Corporate Culture
Slide 33: Looking ahead: Diversity, Equity, and Inclusion
Looking ahead: 2022 Expand Diversity, Equity, and Inclusion Efforts
Slide 34: Looking ahead: community investment
Looking ahead: 2022 Continue to invest in the communities we serve, with our funding, volunteer hours, and active leadership
Slide 35: Looking ahead: remain an independent community bank
Looking ahead: 2022 We will remain an independent community bank Disciplined approach to managing Civista Bank Long-term focus on driving shareholder value
Slide 36: Q & A
Q & A
Slide 37: Voting results
Voting results PROPOSAL NO. 1: Election of Directors PROPOSAL NO. 2: Compensation of Executive Officers PROPOSAL NO. 3: Appointment of BKD, LLP as independent public accounting firm
Slide 38: Thank you for attending
CIVISTA BANCSHARES, INC. THANK YOU FOR ATTENDING!
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