Civista Bancshares (CIVB) investor relations material

Executive summary

• Q3 net income was $16.0M, up 25.5% YoY and 11.9% QoQ; diluted EPS was $0.77 versus $0.68 a year earlier.

• PPNR reached $21.1M, versus $15.9M in Q3 2025 and $18.9M in Q2 2026.

• NIM expanded 35 bps YoY to 3.93%; loans grew $38.0M, or 1.2%, QoQ.

• Results include the Farmers Savings Bank merger, which closed in November 2025, affecting period comparability.

Financial highlights

• Net interest income rose 14.1% YoY to $39.4M and 2% QoQ; interest expense fell $2.3M YoY.

• Noninterest income was $9.7M, nearly flat YoY; it rose $644K, or 7%, QoQ. Noninterest expense declined 1.2% YoY to $28.0M and $675K, or 2.4%, QoQ.

• Net income for the first nine months was $45.3M versus $33.9M; diluted EPS was $2.18 versus $2.04.

Outlook and guidance

• Management expects mid-single-digit loan and core deposit growth through year-end 2026 and into 2027; lending pipelines remain strong.

• Q4 noninterest income is expected at $9.0M-$9.5M, depending partly on rates and mortgage activity; interchange and leasing are expected to contribute.

• Q4 noninterest expense is expected at $28.7M-$29.5M, reflecting colleague, marketing and IT spending planned from late Q3 into Q4.

• NIM is expected 1-2 bps above Q3 going forward, including the sub-debt repricing offset; each rate hike is expected to add 1-2 bps per quarter.

• 2027 plans include revenue-generating investments in colleagues, marketing and technology; some investments may take time to reach breakeven.