Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Investor Presentation (July 2025)
38 slides from Civista Bancshares's investor presentation, Jul 10, 2025
Slide 1: Investor Presentation First Quarter 2025
Investor Presentation First Quarter 2025 Dennis G. Shaffer - Chief Executive Officer & President Richard J. Dutton - Senior Vice President, Chief Operating Officer NASDAQ: CIVB
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: Contact Information
Contact Information Civista Bancshares, Inc.’s common shares are traded on the NASDAQ Capital Market under the symbol “CIVB.” Additional information can be found at: www.civb.com Dennis G Shaffer Chief Executive Officer & President dgshaffer@civista.bank Telephone: 888.645.4121
Slide 4: Who We Are
BANCSHARES, INC. Who We Are
Slide 5: Geographical Footprint
Geographical Footprint Bank founded and headquartered in 1884 in Sandusky, Ohio 10th Largest Publicly Traded Commercial Bank Headquartered in Ohio 525 Employees (520 FTE) Community Banking Focused Operations in 14 Ohio, 2 Indiana and 1 Kentucky Counties 40 Branches & 2 Loan Production Offices Operat
Slide 6: Financial Footprint
6 Financial Footprint Sandusky/Norwalk/Port Clinton, Ohio 9 Locations $645 million in loans $1,602 million in deposits #1 deposit market share in Sandusky, Ohio with ~65% Cleveland/Akron, Ohio 3 Locations $930 million in loans $181 million in deposits North Central, Ohio 6 Locations $39 million in l
Slide 7: Why Invest in Civista?
Why Invest in Civista? 141-year-old community bank franchise with an established operating model in rural and growth markets Since 2019, Civista has increased total deposits $1.75 billion or 66% (75% of growth is organic) Low-cost deposit franchise (142 bps total cost of deposits (excluding brokered
Slide 8: Executive management team
CIVISTA BANCSHARES, INC. nnis G. Shaffer Charles A. Parcher ) Richard J. Dutton Chief Executive Officer Executive Vice President y! Senior Vice President and President | Chief Lending Officer ve Chief Operating Officer Michael D. Mulford 2, lan Whinnem Robert L. Curry, Jr. Lance A. Morrison Senior V
Slide 9: Awards and recognition
CIVISTA BANCSHARES, INC. an TT SS 7 its mio STADIUM =O best = employers "Ohio MULTI-YEAR WINNER TOP DIVERSITY EMPLOYER #99) Ja\N$ es 4 rRATSO ‘= Tremendous 25: #18 %. gy a workplaces that CARE © United Way of Greater Cincinnati
Slide 10: Current Events
DK CIvISTA Current Events
Slide 11: Deposits
Deposits *Excluding Civista owned and tax program related deposit accounts - All Figures are as of March 31, 2025 $3.25 billion in Total Deposits – Excluding brokered, Cost of deposits are 142 bps and deposits grew organically 16% YoY Civista Bank is 141 years old with a generational and relationshi
Slide 12: Liquidity
Liquidity All Figures are as of March 31, 2025 Cash and Securities are 23.9% of Total Deposits All securities are held for sale Strong on-balance sheet liquidity $524 million of cash and unpledged securities Ready access to off-balance sheet funding Immediate access to $1.3 billion in funding from F
Slide 13: Credit
13 Credit Credit metrics remain stable and strong Allowance for Credit Losses to loans was 1.30% Strong Allowance for Credit Losses of $40.3 million Nonperforming loans as percent of total loans is 1.00% Net charge offs as percent of average loans is 0.01%* Virtually no central business office expos
Slide 14: Capital
Capital All Figures are as of March 31, 2025 Total shareholders’ equity of $397.4 million Tier 1 risk-based capital ratio of 10.97% Total risk-based capital ratio of 14.53% Civista continues to create capital through earnings “Well Capitalized” by regulatory standards Tangible Common Equity ratio* o
Slide 15: Strategic Priorities for 2024 – 2027
Strategic Priorities for 2024 – 2027 Grow Relationships & Core Deposits Position Digital to Grow the Bank Invest in Talent & Culture to Drive the Strategic Plan Leverage Technology to Optimize Profitability Deepen existing relationships Execute small business initiative Increase # of relationships;
Slide 16: Initiatives in Flight
Initiatives in Flight * 104 bps as of March 31, 2025 – – – – – – Revenue Improvement Improved Leasing Revenue 13.3% YoY Leasing Syndication Desk Launch of Small business initiative Expense Reduction Elimination of accounting temporary help as a result of personnel transitions, reducing expenses by $
Slide 17: Financial Trends
DK CIvISTA Financial Trends
Slide 18: Financial Highlights
18 March 31, 2025 includes $140 thousand of PPP loans; March 31, 2024 includes $289 thousand of PPP loans Presented on an annualized basis 3. Non-GAAP reconciliation on page 36 Financial Trends Financial Highlights ($s in thousands, except per share data) Mar 31 2025 Mar 31 2024 % Change Balance She
Slide 19: Total Assets
19 Total Assets1 ($ in millions) 1. 2022 includes the addition of $316 million in assets due to Comunibanc Corp acquisition. Financial Trends
Slide 20: Total Gross Loans and Leases
20 Total Gross Loans and Leases1 ($ in millions) 1. 2020 includes $217.3 million of PPP loans. 2021 includes $43.2 million of PPP loans. 2022 includes $819 thousand of PPP loans as well as $169 million due to the Comunibanc Corp acquisition. Financial Trends
Slide 21: Loan Mix
Financial Trends Loan Mix ($ in millions) Total Gross Loans: $3.1 billion
Slide 22: CRE Non-Owner Concentrations
Financial Trends CRE Non-Owner Concentrations ($ in millions)
Slide 23: CRE Non-Owner Office Details
Financial Trends CRE Non-Owner Office Details ($ in millions) Healthcare Office, $23.8 , 11.2% Office, $110.0 , 51.7% Office by Collateral Type Mixed-use Office, $79.0 , 37.1% Suburban, $196.8 , 92.5% Central Business District vs Suburban Central Business District, $16.0 , 7.5% Total: $212.8 million
Slide 24: Civista Leasing and Equipment Financing
Financial Trends Civista Leasing and Equipment Financing ($ in millions) 2025 YTD Production YTD Funded: $16.2 million Sold: $7.6 million Net Production: $8.6 million Average Yield on Total Portfolio: 9.23% Average Yield on Q1 Originations: 9.63% Targeted Industries: Propane, Recycling/Waste Managem
Slide 25: Credit quality ratios
Financial Trends 25 1. LTM basis Net Chargeoff Ratio1 Loan NLoPsAssR&es9e0r+vPeDs //GArsossestsLoans Nonperforming Assets / Total Assets Loan LosRs eRseesrevrevse/s /NGPLrsoss Loans
Slide 26: Total Deposits
Financial Trends 26 Total Deposits1 ($ in millions) 1. 2022 includes the addition of $271 million in deposits due to the Comunibanc Corp acquisition.
Slide 27: Deposit Mix
Financial Trends Deposit Mix ($ in millions) Total Deposits: $3.2 billion Loan/Deposit Ratio: 95.8% Year Cost of Deposits Cost of Funding 2020 0.33% 0.43% 2021 0.17% 0.24% 2022 0.15% 0.39% 2023 1.19% 1.72% 2024 2.16% 2.55% 2025 Q1 2.00% 2.32% 27
Slide 28: Net Interest Margin, Cost of Deposits, Yield on Loans vs peers
Financial Trends Net Interest Margin (%) Total Cost of Deposits (%) Yield on Loans (%) Better than peer median S&P Capital IQ Peer data as of 03/31/2025 or the latest available date. Note: Comparable peers include public banks $2-$6B in total assets in Ohio and contiguous states. 28 Better than peer
Slide 29: Non-Interest Income and Expense
Financial Trends Gain on Sale of Loans and Leases Gain on sale of mortgages, 2025 Q1 and 2024 Q1 was $309 thousand and $373 thousand, respectively Gain on sale of leases, 2025 Q1 and 2024 Q1 was $270 million and $440 thousand, respectively Wealth Management $1.34 million 2025 Q1 and $1.27 million 20
Slide 30: Capital Management
30 Financial Trends TCE Non-GAAP reconciliation on page 37 LTM basis November 2021 issued $75 million in 3.25% subordinated debt (becomes floating in Q4 2026) Authorized $13.5 million stock repurchase plan in April 2025 No repurchases were made in the past 5 quarters $200 million shelf offering comp
Slide 31: Why Civista?
Why Civista? 31
Slide 32: Experienced Acquirer
Experienced Acquirer Completed 6 acquisitions since 2007, including the acquisition of Comunibanc Corp, which closed July 2022 and acquisition of Vision Financial Group (leasing company), which closed October 2022 In June 2022, opened de novo branch in Gahanna, Ohio. This is our third location in Co
Slide 33: Organic Growth Model
Organic Growth Model Expanded commercial loan growth in Columbus, Cleveland, Akron, Dayton, Toledo and Cincinnati markets Loan portfolios in these markets has increased from $1.27 billion in 2019 to $2.32 billion on March 31, 2025. Growth of $1.05 billion or 83% (represents 91% of Civista’s total lo
Slide 34: Why Invest in Civista?
Why Invest in Civista? 141-year-old community bank franchise with an established operating model in rural and growth markets Since 2019, Civista has increased total deposits $1.75 billion or 66% (75% of growth is organic) Low-cost deposit franchise (142 bps total cost of deposits (excluding brokered
Slide 35: Additional Information
DK CIvISTA Additional Information
Slide 36: Operating Results
Operating Results ($s in thousands, except per share data) Full Year Operating Results Q1 LTM 2025 2020 2021 2022 2023 2024 Net Interest Income $89,727 $95,425 $110,204 $125,496 $116,711 $121,112 Provision for Loan Losses 10,112 830 1,752 4,435 5,364 4,621 Noninterest Income 28,182 31,452 29,077 37,
Slide 37: Non-GAAP Reconciliation
Non-GAAP Reconciliation 37 1. LTM basis ($s in thousands, except per share data) As of and for the Years Ended December 31, Q1 2025 2020 2021 2022 2023 2024 Tangible Common Equity Total Shareholder's Equity - GAAP Less: Goodwill and intangible assets Tangible common equity Total Shares Outstanding T
Slide 38: Thank You
Thank You 38
Civista Bancshares — Investor Presentation (July 2025) on 6ix