Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Q2 2025 Earnings Presentation
43 slides from Civista Bancshares's earnings presentation, Sep 15, 2025
Slide 1: Investor Presentation Second Quarter 2025
Investor Presentation Second Quarter 2025 Dennis G. Shaffer - Chief Executive Officer & President Charles A. Parcher – Executive Vice President, Chief Lending Officer Richard J. Dutton - Senior Vice President, Chief Operating Officer Ian Whinnem – Senior Vice President, Chief Financial Officer NASDA
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: civb.com civista.bank Dennis G. Shaffer Chief Executive Officer & President dgshaffer@civista.bank Telephone: 888.645.4121 3
Slide 4: Who We Are
BANCSHARES, INC. Who We Are
Slide 5: About our Footprint (Ohio & Indiana)
About our Footprint (Ohio & Indiana) Civista has a presence in Ohio’s 6 largest MSAs Cleveland-Elyria MSA: (~2.1 million people) Cleveland and surrounding cities in the northeast part of the state, a major hub for world-class healthcare, advanced manufacturing and financial services Columbus MSA: (~
Slide 6: Geographical Footprint
Geographical Footprint Bank founded and headquartered in 1884 in Sandusky, Ohio 10th Largest Publicly Traded Commercial Bank Headquartered in Ohio 539 Employees (526 FTE) Community Banking Focused Operations in 14 Ohio, 2 Indiana and 1 Kentucky Counties 40 Branches & 2 Loan Production Offices Operat
Slide 7: Market Share in our Footprint
Market Share in our Footprint Deposit market share information as of June 30, 2024. Sandusky/Norwalk/Port Clinton, Ohio 9 Locations $646 million in loans $1,529 million in deposits #1 deposit market share in Sandusky, Ohio with ~65% Cleveland/Akron, Ohio 3 Locations $978 million in loans $184 millio
Slide 8: Strategic Acquisition of Farmers Savings Bank and Follow-On Offering
Source: Company Management, S&P Capital IQ Pro Non-GAAP financial metric. Please refer to “Non-GAAP Reconciliation” page Assumes common equity raise base offering with gross proceeds of $80.5 million including the full overallotment option Reflects bank level Call Report financial data Strategic Acq
Slide 9: Capital Ratios Post Acquisition
Capital Ratios Post Acquisition 1) 2) Assumes a transaction closing date of 12/31/2025 Reflects bank level Call Report financial data 9
Slide 10: 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 $1.52 billion or 90% (74% of growth is organic) Low-cost deposit franchise (144 bps total cost of deposits (excluding brokered
Slide 11: Management Team
CIVISTA BANCSHARES, INC. Dennis G. Shaffer Charles A. Parcher Richard J. Dutton Chief Executive Officer = Executive Vice President ‘= Senior Vice President and President | Chief Lending Officer : Chief Operating Officer Michael D. Mulford . lan Whinnem Robert L. Curry, Jr. Lance A. Morrison Senior V
Slide 12: Community and Workplace Recognition
CIVISTA BANCSHARES, INC. TT = Ih ‘O10 STADIUM Z CRAIN'S CLEVELAND BUSINESS 2024 ne poet overs "Ohio pe MULTI-YEAR WINNER H x avisTA ees von aNk : i! mers) = aaly ¥ is strongly encouraged and supported with corporate donations, matching gifts and employee volunteerism. TOP DIVERSITY EMPLOYER SECOND S
Slide 13: Current Events
DK ClvISTA Current Events
Slide 14: Deposits
Deposits $3.2 billion in Total Deposits Excluding brokered, cost of deposits are 148 bps and deposits grew organically 7.3% YoY Civista Bank is 141 years old with a generational and relationship driven deposit core 85.7%* of deposits insured Excluding $544 million of primarily public operating depos
Slide 15: Liquidity
Liquidity Cash and Securities are 23.7% of Total Deposits All securities are held for sale Strong on-balance sheet liquidity $508 million of cash and unpledged securities Ready access to off-balance sheet funding Immediate access to $1.3 billion in funding from FHLB, Federal Reserve and CDARS/IntraF
Slide 16: Credit
Credit Credit metrics remain stable and strong Allowance for credit losses to loans was 1.28% Strong allowance for credit losses of $40.5 million Nonperforming loans as percent of total loans is 0.73% Net charge offs as percent of average loans is 0.01%* Virtually no central business office exposure
Slide 17: Capital
Capital Total shareholders’ equity of $404 million Tier 1 risk-based capital ratio of 11.18% Total risk-based capital ratio of 14.73% Civista continues to create capital through earnings “Well Capitalized” by regulatory standards Tangible Common Equity ratio of 6.70% Successful $70 million common st
Slide 18: 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 19: Initiatives in Flight
Initiatives in Flight Earnings Improvement Net income increased $7.8 million or 57.8% YoY (YTD) EPS has grown for 5 consecutive quarters Non-interest income 18% of total Revenue (YTD 2025) NIM % above peer median for each of last 5 years Loan pricing above peer median, Deposit cost below peer median
Slide 20: Financial Trends
DK ClvISTA Financial Trends
Slide 21: Financial Trends
June 30, 2025 includes $104 thousand of PPP loans; June 30, 2024 includes $251 thousand of PPP loans. Presented on an annualized basis 3. Non-GAAP reconciliation on page 42 4. Excludes held for sale and deferred loan fees Financial Trends
Slide 22: Total Assets
Total Assets1 ($ in millions) 1. 2022 includes the addition of $316 million in assets due to Comunibanc Corp acquisition. CAGR 9.7% Financial Trends
Slide 23: Total Gross Loans and Leases
Total Gross Loans and Leases1, 2 ($ 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 CAGR 9.9% 2. Excludes held for sale and d
Slide 24: Loan Mix
Financial Trends Total Loans: $3.2 billion Loan Mix ($ in millions)
Slide 25: CRE Non-Owner Concentrations
Financial Trends CRE Non-Owner Concentrations ($ in millions) Total: $922.9 million
Slide 26: CRE Non-Owner Office Details
Financial Trends CRE Non-Owner Office Details ($ in millions) Total: $214.6 million
Slide 27: Civista Leasing and Equipment Financing
Financial Trends Civista Leasing and Equipment Financing ($ in millions) 2025 YTD Production YTD Funded: $31.4 million Sold: $15.1 million Net Production: $16.3 million Average Yield on Total Portfolio: 9.34% Average Yield on Q2 Originations: 9.05% Targeted Industries: Propane, Recycling/Waste Manag
Slide 28: Credit Quality Ratios
Financial Trends 1. LTM basis Net Chargeoff Ratio1 Loan Loss Reserves / Gross Loans NPAs & 90+PD / Assets Loan Loss Reserves / Gross Loans Nonperforming Assets / Total Assets Reserves / NPLs
Slide 29: Total Deposits
Financial Trends Total Deposits1 ($ in millions) 1. 2022 includes the addition of $271 million in deposits due to the Comunibanc Corp acquisition. CAGR 8.8%
Slide 30: Deposit Mix
Financial Trends Total Deposits: $3.2 billion Loan/Deposit Ratio: 98.8% Deposit Mix ($ in millions)
Slide 31: Peer Comparison: NIM, Cost of Deposits, Loan Yield
Financial Trends S&P Capital IQ Peer data as of 06/30/2025 or the latest available date. Note: Comparable peers include public banks $2-$6B in total assets in Ohio and contiguous states. Net Interest Margin (%) Total Cost of Deposits (%) Yield on Loans (%) Better than peer median Better than peer to
Slide 32: Non-Interest Income and Efficiency
Financial Trends Non-interest income 21% of revenue over last twelve months; across diverse revenue streams Gain on Sale of Loans and Leases Gain on sale of mortgages, 2025 Q2 and 2024 Q2 was $534 thousand and $447 thousand, respectively Gain on sale of leases, 2025 Q2 and 2024 Q2 was $282 thousand
Slide 33: Capital Management
Financial Trends 1. TCE Non-GAAP reconciliation on page 42 2. LTM basis July 2025 successfully issued $80.5 million of common stock 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 we
Slide 34: Capital Ratios Post Acquisition
Capital Ratios Post Acquisition 1) 2) Assumes a transaction closing date of 12/31/2025 Reflects bank level Call Report financial data 34
Slide 35: Why Civista?
Why Civista? 35
Slide 36: 10-Year History of Civista
10-Year History of Civista Source: S&P Capital IQ Pro 1.2 1.2 1.2 1.3 1.3 1.3 1.4 1.4 1.4 1.5 1.4 1.4 1.5 1.6 1.5 1.6 1.7 1.9 2.2 2.2 2.1 2.4 2.3 2.3 2.4 2.5 2.4 2.6 2.7 2.7 2.7 2.8 2.9 2.9 3.0 3.1 3.1 3.2 0.1 0.1 0.1 0.1 1.4 1.3 0.1 0.1 0.1 0.1 0.1 0.1 1.5 0.1 0.1 0.1 0.1 0.7 0.7 0.7 0.7 0.7 0.7 0.
Slide 37: Experienced Acquirer
Experienced Acquirer Completed 6 acquisitions since 2007, including the acquisition of Comunibanc Corp, which closed July 2022 Acquisition of Civista Finance and Leasing (fka Vision Financial Group) in Q4 2022 July 2025, announced the signing of a definitive merger agreement to acquire The Farmers S
Slide 38: 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 $2.37 billion on June 30, 2025. Growth of $1.1 billion or 87% (represents 76% of Civista’s total loan
Slide 39: 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 $1.52 billion or 90% (74% of growth is organic) Low-cost deposit franchise (144 bps* total cost of deposits (excluding brokere
Slide 40: Additional Information
DK ClvISTA Additional Information
Slide 41: Operating Results
BANCSHARES, INC. > ( CIVISTA Operating Results ($s in thousands, except per share data) Full Year Operating Results 2021 2022 2023 Net Interest Income $89,727 $95,425 $110,204 $125,496 $116,711 $128,175 Provision for Loan Losses 10,112 830 1,752 4,435 5,364 4,137 Noninterest Income 28,182 31,452 29,
Slide 42: Non-GAAP Reconciliation
Non-GAAP Reconciliation 1. LTM basis
Slide 43: Thank You
Thank You