Civista Bancshares (CIVB) investor relations material

Executive summary

• Net income for Q2 2026 was $14.3 million ($0.69 per diluted share), up 30% year-over-year but down sequentially, driven by margin expansion and disciplined cost control.

• Pre-provision net revenue rose to $18.9 million, up from $13.9 million in Q2 2025 and $17.4 million in Q1 2026.

• Leadership transition announced: Dennis Shaffer to retire in August 2026, succeeded by Chuck Parcher.

• Completed the FSB acquisition, adding $106M in loans and $236M in deposits, supporting organic and inorganic growth.

• Maintained a strong community banking franchise with a diversified revenue mix and leading deposit market share in core Ohio markets.

Financial highlights

• Net interest income was $38.6 million, up 10.9% year-over-year and 2% sequentially.

• Net interest margin expanded to 3.89%, up 25 bps year-over-year and four bps sequentially.

• Tangible book value per share increased to $20.43, up $2.95 year-over-year and 6.0% since year-end.

• Efficiency ratio improved to 58.2%, down 630 bps year-over-year and from 60.1% in Q1.

• Non-interest income for Q2 was $9 million, up 36.7% year-over-year, driven by higher service charges, loan sales, and lease revenue.

• Non-interest expense was $28.7 million, up 4.3% year-over-year, mainly from higher compensation and amortization.

• ROA was 1.34%; ROE was 10.23%.

Outlook and guidance

• Expect mid-single digit loan growth for the remainder of 2026, supported by robust pipelines and lower anticipated payoffs.

• Non-interest expense projected at $29.6–$30 million for Q3 and Q4.

• Net interest margin expected to remain flat in Q3, with slight expansion possible in Q4.

• Core fee income expected at $9–$9.3 million in Q3, flat in Q4.

• Brokered funding to be reduced by $25 million each in the next two quarters.

• Projected total shareholder return of 10-12%, driven by tangible book value growth and stable dividends.

• Continued focus on organic growth, disciplined M&A, and margin expansion.