Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Shareholder Meeting (April 2024)
37 slides from Civista Bancshares's shareholder meeting presentation, Apr 17, 2024
Slide 1: Annual Shareholder Meeting April 16, 2024
Annual Shareholder Meeting April 16, 2024 NASDQ: CIVB WELCOME 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: Welcome & Introductions
DENNIS E. MURRAY, JR. Chairman of Civista Bancshares, Inc. and Civista Bank Welcome & INTRODUCTIONS
Slide 4: Company officers introductions
Dennis shaffer Lance morrison KAREN TERENZI President & Chief Executive Officer, Civista Bancshares, Inc. Corporate Secretary, Civista Bancshares, Inc. Recording Secretary , Civista Bancshares, Inc.
Slide 5: Auditor, counsel and transfer agent introductions
BRIAN MISCHEL TONY WEIS KIMBERLEE KOSKIEWICZ FORVIS, LLP Vorys, Sater, Seymour and Pease, LLP EQUINITI Trust Company
Slide 6: 2024 Annual Meeting
2024 Annual meeting NOTICE OF MEETING AFFIDAVIT 2023 MEETING MINUTES
Slide 7: Proposal Presentation
Proposal presentation PROPOSAL NO. 1: Election of Directors PROPOSAL NO. 2: Compensation of Executive Officers PROPOSAL NO. 3: Appointment of FORVIS, LLP as the independent public accounting firm of the Corporation for fiscal year ending December 31, 2024 PROPOSAL NO. 4: 2024 Incentive Plan Approval
Slide 8: Management Presentation
Management presentation DENNIS shaffer President & Chief Executive Officer, Civista Bancshares, Inc.
Slide 9: Board of Directors
Board of directors
Slide 10: Welcomed to the Board in 2023
Welcomed to the board in 2023 Mark J. Macioce Vice President & Chief Information Officer, MASCO Corporation Darci L. Congrove CPA - Managing Director, GBQ Partners, LLC
Slide 11: Retiring Board Members
Retiring board members Allen R. Nickles Of Counsel, Payne, Nickles & Company John O. Bacon President & CEO, The Mack Iron Works Company
Slide 12: Our Story
Our story Founded and headquartered in Sandusky, OH since 1884 Grown from 4 to over 540 employees 43 locations across Ohio, Southeastern Indiana and Northern Kentucky Operations in Ohio’s 5 largest MSAs Diversified Revenue Streams Business & Personal Banking Wealth Management Private Banking Mortgag
Slide 13: Company Size
Company size Source: Bank Performance Report 2024 Data as of 12.31.2023 We are the 11th largest bank headquartered in Ohio out of 163 institutions.1 We offer the financial resources of a $3.9 billion organization and growing! TOTAL ASSETS $3.9 BILLION 2021 2022 2023 TOTAL DEPOSITS $3.0 BILLION 2021
Slide 14: 2023 Financial Highlights
2023 financial highlights Net Income increase 9% over 2022 $43 million vs $39.4 million $2.73 diluted EPS vs $2.60 in 2022 3.70% Net Interest Margin vs 3.65% in 2022 Strong organic loan growth $365 million in deposit growth primarily funded by Brokered Deposits
Slide 15: Civista vs. Publicly Traded Peers: Financial Data
Civista vs. publicly traded peers Summary of Financial Data1 Source: S&P Capital IQ Pro as of 12/31/2023 (1) Data as of the most recent quarter end. Per group includes public banks with assets between $1B-$4B in Ohio and +/- 40% of CIVB's assets in contiguous states CIVB PEERS CIVB LOANS/DEPOSITS (M
Slide 16: Civista vs. Publicly Traded Peers: Financial Data
Civista vs. publicly traded peers Summary of Financial Data1 Source: S&P Capital IQ Pro as of 12/31/2023 (1) Data as of the most recent quarter end. Per group includes public banks with assets between $1B-$4B in Ohio and +/- 40% of CIVB's assets in contiguous states (2) Efficiency ratio for CIVB exc
Slide 17: Stock Performance
Stock performance CIVB shares have increased 79.3% past 10 years, outperforming multiple indices: Source: S&P Capital IQ Pro, market data as of 3/27/2024 S&P U.S. Under $250 Million Banks Index contains U.S. based banks with total market capitalization of less than $250 million KRX denotes KBW Regio
Slide 18: Civista vs. Publicly Traded Peers: Trading Data
Civista vs. publicly traded peers Summary Trading Data1 Source: S&P Capital IQ Pro, market data as of 3/27/24. EPS for 2024 based on average Street EPS estimates Peer group includes public banks with assets between $1B and $4B in Ohio and +/- 40% of CIVB’s assets in contiguous states. Excluding Accu
Slide 19: Dividend Growth
DIVIDEND GROWTH DK CIVISTA ANNUAL DIVIDENDS PAID $0.56 $0.52 $0.50 $0.42 $0.44 $0.40 $0.32 $0.30 $0.20 $0.10 $ 2018 2019 2020 2021 2022 2023 $0.61 AMOUNT OF ANNUAL DIVIDENDS PAID ($)
Slide 20: Net Income & Earnings per Share
Net income & earnings per share
Slide 21: Total Shareholders' Equity & Return on Tangible Equity
Total shareholders’ equity & return on tangible equity
Slide 22: Deposit Base: Strong, Insured, Stable
Over 83% of deposits insured Average deposit account balance is $25,000, excluding Certificates of Deposit At year-end 2023, Civista had no deposit concentration, excluding $336.5 million of Public Funds Deposit base: Strong, Insured, Stable. CIVB SIVB SBNY
Slide 23: Deposit Mix
Deposit mix Total Deposits: $3.0 billion Using the IntrFi® Network of banks, expanded options for large depositors to achieve additional FDIC coverage while working directly with Civista. Deposit mix (12/31/23) (000)
Slide 24: Loan Mix
Loan mix Total Loans: $2.8 billion
Slide 25: CRE Non-Owner Occupied Details
CRE Non-Owner OccuPIED Details Commercial Real Estate (CRE)1 = 44% of Total Loans Non-Owner Occupied CRE = 31% of Total Loans No downtown high-rise, large-occupant buildings No Big Box Retail/Mall (1) Excluding Multi-Family
Slide 26: Net Interest Margin vs. Peers
Net interest margin vs. peers 2023 peer data as if 6/30/2023 or the latest available data. Comparable peers include public banks $1-$4B in OH and +/- 40% CIVB’s asset size in contiguous states.
Slide 27: Investing for the Future
Investing for the future Continue to invest in technology that: Automates work to improve scalability & capability Enhance customer experience Upgraded AI-chatbot to a new platform Identified additional Robotic Process Automation (RPAs) Established new Small Business Lending Platform for Origination
Slide 28: Investing in Our People
Investing in our people Launched Civista University, a new Learning Management System Supported Bank Management School Participants Launched Innovation Resource Group Held 2nd Annual all-employee Day of Learning
Slide 29: Investing in Our Communities
Investing in our communities Community Development Investments $2 MILLION $54 MILLION Community Development Loans $450,808 Other Donations to Community Organizations $192,721 Money Raised for United Way Campaign 490 Nonprofit Organizations Helped 2,580 Volunteer Hours 384 Employee Volunteers
Slide 30: State & National Recognition
State & national recognition A 2023 Best Employer in Ohio – 13th consecutive year Named among American Banker’s 2023 Best Banks to Work For Named as one of the best U.S. Banks in the country for financial performance, Bank Director Magazine
Slide 31: Community Recognition
Community recognition United Way of Greater Cincinnati’s Tremendous 25 Workplaces That Care, Per Capita Giving 2023 Large Business of the Year Dearborn County (Indiana) Chamber of Commerce 2023 Business of the Month, West Liberty Business Association
Slide 32: Thank You
Thank you We appreciate your confidence in our vision.
Slide 33: Non-GAAP Financial Measures Reconciliation: Net Income
Non-GAAP Financial Measures Reconciliation Net Income
Slide 34: Non-GAAP Financial Measures Reconciliation: Efficiency Ratio
Non-GAAP Financial Measures Reconciliation Efficiency Ratio
Slide 35: Questions & Answers
CIVISTA QUESTIONS & ANSWERS
Slide 36: Voting Results
Voting results PROPOSAL NO. 1: Election of Directors PROPOSAL NO. 2: Compensation of Executive Officers PROPOSAL NO. 3: Appointment of FORVIS, LLP as the independent public accounting firm of the Corporation for fiscal year ending December 31, 2024 PROPOSAL NO. 4: 2024 Incentive Plan Approval
Slide 37: Thank You
Your trust and investment drives our success. NASDQ: CIVB Thank you!
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