Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Q2 2026 Earnings Presentation
19 slides from Civista Bancshares's earnings presentation, Jul 23, 2026
Slide 1: Civista Announces Second-Quarter 2026 Net Income of $14.3 million
NEWS RELEASE Civista Bancshares, Inc. Announces Second-Quarter 2026 Net Income of $14.3 million, up $3.3 million from Second-Quarter 2025 2026-07-23 SANDUSKY, Ohio, July 23, 2026 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") today reported net income of $14.3 million, or $0.69
Slide 2: CEO Commentary and Leadership Transition
quarter of 2026. Brokered deposits declined $25.0 million linked quarter and $52.0 million since year-end 2025 as Civista continued optimizing its funding mix and reducing higher-cost funding sources. Total loans increased $25.2 million, or 0.8%, in the second quarter of 2026 compared to the rst qua
Slide 3: Second-Quarter 2026 Highlights
Second-Quarter 2026 Highlights Net income of $14.3 million, a $3.3 million or 30% increase compared to $11.0 million for the second quarter 2025, but down $0.7 million or 4.5% compared to the $15.0 million for the rst quarter of 2026. Diluted earnings per common share were $0.69 for the second quart
Slide 4: Deposits & Borrowings; Net Interest Income and Net Interest Margin
Real Estate Construction loans increased $11.2 million since March 31, 2026, mainly due to seasonal construction patterns that typically see their lowest activity in the rst quarter and a ramp up in activity starting in the second quarter. Residential Real Estate increased $14.5 million since March
Slide 5: Credit and Non-interest Income
the same period last year, re ecting disciplined deposit pricing, a reduced reliance on higher‑cost wholesale funding, and favorable repricing dynamics, partially o set by pressure from changes in asset mix. Net interest income increased $8.8 million, or 13.1%, for the six months ended June 30, 2026
Slide 6: Non-interest Income and Expense
million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion. Service charges increased $0.3 million for the second quarter of 2026, compared to the same period last year, primarily from higher business service charges and retail overdraft fee
Slide 7: Non-interest Expense Commentary
Compensation expense increased $0.7 million for the second quarter of 2026, compared to the same period last year, primarily due to increases in salaries and medical expenses associated with a higher number of full- time equivalent (FTE) employees year-over-year. The quarter-to-date average number o
Slide 8: Taxes, Capital, Conference Call and Webcast
Amortization of intangibles increased $0.7 million for the six months ended June 30, 2026, compared to the same period last year due to the merger of FSB that closed in November 2025. The e ciency ratio was 59.1% for the six months ended June 30, 2026, compared to 64.7% for the same period last year
Slide 9: Forward Looking Statements; Non-GAAP Financial Measures
subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 44 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Bank also o ers commercial equipment leasing servi
Slide 10: Average Balance Analysis
operations and enhance comparability of results with prior periods. Average Balance Analysis (Unaudited - Dollars in thousands) Three Months Ended June 30, 2026 2025 Average Yield/ Average Yield/ Assets: balance Interest rate * balance Interest rate * Interest-earning assets: Loans ** $ 3,243,955 $
Slide 11: Average Balance Analysis (Six Months)
Interest-bearing deposits in other banks 42,898 795 3.71 % 21,081 402 3.84 % Total interest-earning assets *** $ 3,998,020 $ 112,356 5.67 % $ 3,821,649 $ 110,004 5.77 % Noninterest-earning assets: Cash and due from financial institutions 37,004 41,758 Premises and equipment, net 39,128 45,541 Accrue
Slide 12: Non-interest Income and Expense Tables
Swap fees 59 125 (66) -52.8 % Other 1,841 1,291 550 42.6 % Total non-interest income $ 18,438 $ 14,449 $ 3,989 27.6 % Non-interest expense (unaudited - dollars in thousands) Three months ended June 30, 2026 2025 $ Change % Change Compensation expense $ 15,737 $ 15,011 $ 726 4.8 % Net occupancy expen
Slide 13: Allowance for Credit Losses
Beginning of period $ 40,536 $ 40,284 Charge-offs (174) (1,092) Recoveries 100 92 Provision 1,251 1,171 End of period $ 41,713 $ 40,455 Allowance for Credit Losses (dollars in thousands) Six months ended June 30, 2026 2025 Beginning of period $ 42,020 $ 39,669 Charge-offs (980) (2,068) Recoveries 19
Slide 14: Earnings Per Share and Selected Financial Ratios
Basic Net income $ 14,315 $ 11,015 $ 29,304 $ 21,183 Less allocation of earnings and dividends to participating securities 54 45 84 72 Net income available to common shareholders - basic $ 14,261 $ 10,970 $ 29,220 $ 21,111 Weighted average common shares outstanding 20,786,101 15,524,490 20,765,913 1
Slide 15: End of Period Balances and Non-performing Assets
Non-performing asset analysis Nonaccrual loans $ 29,865 $ 30,834 Restructured loans 549 14 Other real estate owned - - 90+ Days Past Due, Still Accruing 103 462 Total $ 30,517 $ 31,310 Supplemental Financial Information (Unaudited - dollars in thousands except share data) June 30, March 31, December
Slide 16: Quarterly Average Balances; Loan and Deposit Balances
June 30, March 31, December 31, September 30, June 30, Quarterly Average Balances 2026 2026 2025 2025 2025 Assets: Earning assets $ 3,992,950 $ 4,003,144 $ 3,939,580 $ 3,829,484 $ 3,841,369 Securities 696,076 718,037 694,263 676,938 682,035 Loans 3,243,955 3,252,342 3,197,327 3,128,033 3,136,091 Lia
Slide 17: Selected Financial Ratios; Non-interest Income and Expense
Three Months Ended June 30, March 31, December 31, September 30, June 30, Selected financial ratios 2026 2026 2025 2025 2025 Return on average assets 1.34 % 1.41 % 1.14 % 1.22 % 1.06 % Return on average equity 10.23 % 10.97 % 9.26 % 10.70 % 11.02 % Return on average tangible common equity 13.72 % 14
Slide 18: Capital and Liquidity; Non-GAAP Reconciliation
Total non-performing assets $ 30,517 $ 30,167 $ 31,310 $ 22,804 $ 23,181 Three Months Ended June 30, March 31, December 31, September 30, June 30, Capital and liquidity 2026 2026 2025 2025 2025 Tier 1 leverage ratio 11.87 % 11.57 % 11.32 % 10.96 % 8.80 % Tier 1 risk-based capital ratio 15.33 % 15.12
Slide 19: Net Interest Margin Reconciliation
Three Months Ended June 30, March 31, December 31, September 30, June 30, Net interest margin (non-GAAP): 2026 2026 2025 2025 2025 Net interest income (GAAP) $ 38,593 $ 37,823 $ 36,451 $ 34,545 $ 34,814 Tax-equivalent adjustment 606 612 620 618 621 Net interest income (tax-equivalent) 39,199 38,435