CIVB · Civista Bancshares, Inc.

Civista Bancshares released its Q1 2026 investor presentation via Item 7.01 ahead of the D.A. Davidson conference, showcasing robust earnings growth driven by net interest income expansion to a quarterly record $37.8M, up 16% YoY, fueled by 34 bps NIM improvement to 3.85% from lower deposit costs and revenue relationship growth including digital enhancements and payments upgrades. Net income surged 47% to $15.0M, with EPS at $0.72, reflecting disciplined expense management and a provision benefit of $(0.6)M versus $1.6M last year. The FSB acquisition closed, adding $106M in loans/leases and $236M in deposits for $268M total assets, supporting organic growth amid a loan-to-deposit ratio of 92.2%. Balance sheet strength is evident with total assets at $4.3B, public funds at $523M without other concentrations, and conservative CRE exposure where office is just 6% of total and CBD even less. Credit quality remains solid with nonperforming loans at 93 bps and allowance at 1.26%. Capital position bolstered by a $75MM raise in July 2025 and TBV per share up to $19.70, trading at 1.16x versus peer 1.46x median, with 3.16% yield and 24.9% payout on $0.18 dividend. Management highlights operating leverage from RPA/AI, efficiency ratio gains, and a strategy blending organic expansion in Ohio MSAs with TBV-accretive M&A, positioning for 10-12% total shareholder returns via TBV growth and dividends.