Civista Bancshares (CIVB) investor relations material

Executive summary

• Q3 2025 net income was $12.8 million ($0.68 per diluted share), up 53% year-over-year and 16% sequentially, with EPS up 28% from Q3 2024 but down from $0.71 in Q2 2025.

• Pre-provision net revenue increased 45% year-over-year and 14% sequentially.

• Completed a follow-on public stock offering, raising $80.5 million in new capital.

• Announced regulatory approval for the merger with The Farmers Savings Bank, expected to close in early November 2025.

• Credit quality remains strong, with stable non-performing asset ratios and robust underwriting.

Financial highlights

• Net interest income was $34.5 million, flat sequentially and up 18.2% year-over-year; net interest margin increased to 3.58% from 3.16%.

• Non-interest income totaled $9.6 million, up 46.2% sequentially but down 4.6% year-over-year, mainly due to leasing fees.

• Non-interest expense was $28.3 million, up 3.1% sequentially but down 0.2% year-over-year, with $0.7 million in non-recurring acquisition expenses.

• Efficiency ratio improved to 61.4% from 64.5% sequentially and 70.5% year-over-year.

• Return on assets was 1.22% (up from 0.83%), and return on equity was 10.70% (up from 8.73%).

Outlook and guidance

• Expecting NIM to expand by 5 bps in Q4, even with anticipated rate cuts.

• Organic loan growth projected to return to mid-single digits in Q4 and increase to mid-to-high single digits in 2026.

• Fee income expected to be about $9.2 million in Q4, including $50,000 from Farmers.

• Effective tax rate anticipated to remain in the 16%-16.5% range for Q4.

• Acquisition of The Farmers Savings Bank expected to close in November 2025, expanding presence in Northeast Ohio.