CIVISTA BANCSHARES, INC. ANNOUNCES FIRST QUARTER 2026 EARNINGS RELEASE DATE Accessibility StatementSkip NavigationSANDUSKY, Ohio, March 19, 2026 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that it will issue its first quarter 2026 financial results prior to market open on Wednesday, April 22, 2026.Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Wednesday, April 22, 2026, to discuss its financial results. Analysts may p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36192 Civista Bancshares, Inc. (Exact name of registrant as specified in its charter) State or other jurisdiction of (IRS Employer incorporation ...

Key insight: Civista Bancshares in Ohio is promoting Charles "Chuck" Parcher to president and CEO, effective as of late August, when current CEO Dennis Shaffer is scheduled to retire.Supporting data: During Shaffer's nine-year tenure as CEO, the community bank's assets have nearly tripled to $4.3 billion.Forward look: In an interview Monday, Parcher said he plans to maintain the bank's current strategy, which is centered on organic growth and remaining independent.Civista Bancshares, a $4.3 billion-asset co ...

Core Viewpoint - Civista Bancshares, Inc. has appointed Veronica Doucette as an officer of the holding company, reflecting the company's commitment to strong leadership and alignment across its subsidiaries [1] Group 1: Appointment Details - Veronica Doucette currently serves as Senior Vice President, Human Resources Officer for Civista Bank and brings extensive leadership experience to her new role [1] - The appointment is endorsed by Dennis Shaffer, President, CEO, and Chairman of the Board, highlighting Doucette's strategic perspective and commitment to the company's culture [1] Group 2: Background of Veronica Doucette - Doucette joined Civista Bank in 2008 as a Benefits Specialist and has significantly contributed to human resources best practices and employee engagement initiatives [1] - Her previous experience includes roles at Wagner Quarries, National City Bank, and Durable Corporation, with a BBA in Human Resources from Kent State University [1] Group 3: Company Overview - Civista Bancshares, Inc. is a $4.3 billion financial holding company headquartered in Sandusky, Ohio, with its primary subsidiary being Civista Bank, founded in 1884 [1] - Civista Bank operates 44 locations across Ohio, Southeastern Indiana, and Northern Kentucky, offering full-service banking, commercial lending, mortgage, and wealth management services [1] - The company's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB" [1]

Financial Data and Key Metrics Changes - The company reported net income for Q4 2025 of $12.3 million, or $0.61 per diluted share, a 24% increase from Q4 2024 [3] - For the full year, net income was $46.2 million, or $2.64 per diluted share, compared to $31.7 million, or $2.01 per diluted share for 2024 [4] - The return on assets (ROA) for Q4 was 1.14%, improving to 1.42% when excluding one-time expenses [5] Business Line Data and Key Metrics Changes - Net interest income for Q4 totaled $36.5 million, a 5.5% increase from the linked quarter and a 16% increase from Q4 2024 [6] - The loan and lease portfolio grew by $68.7 million, representing an annualized growth rate of 8.7% during Q4, excluding newly acquired loans [7] - Non-interest income increased by $251,000, or 2.6%, from the linked quarter and by $869,000, or 9.6%, from Q4 2024 [8] Market Data and Key Metrics Changes - The company added $236 million in low-cost deposits from the acquisition of Farmers Savings Bank [14] - The loan-to-deposit ratio was 94.3%, slightly down from the linked quarter, with expectations to maintain it within the targeted range of 90%-95% [16] - The security portfolio totaled $685 million, representing 15.8% of the balance sheet, with unrealized losses declining to $45 million [17] Company Strategy and Development Direction - The company aims to focus on increasing tangible common equity and reducing reliance on wholesale funding, with a goal of mid-single-digit loan growth in 2026 [7][14] - Investments in technology and digital banking solutions are expected to enhance deposit growth and support loan growth [28][40] - The company plans to continue evaluating share repurchase opportunities as part of its capital management strategy [67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong earnings despite mixed economic conditions across the country [18] - Credit quality remains solid, with low delinquencies and a slight decrease in net charge-offs compared to the previous year [19] - The company anticipates a stable economic environment in Ohio and Southeastern Indiana, with no systemic signs of deterioration [18] Other Important Information - The company announced an increase in its quarterly dividend to $0.18 per share, reflecting confidence in its financial performance [8][18] - The efficiency ratio improved to 57.7% for the quarter, compared to 61.4% for the linked quarter [11] Q&A Session Summary Question: Loan growth outlook and composition - Management expects commercial loans to lead growth in 2026, with a focus on C&I and commercial real estate [26][27] Question: Digital channel growth potential - Management anticipates accelerated growth through digital channels but remains cautious about margin impacts [30][32] Question: Margin trends and rate cuts - The company expects a slight margin expansion in Q1 and further increases if rate cuts occur [36][37] Question: Expense run rate post-acquisition - First quarter expenses are expected to be in the range of $29 million, with some reductions anticipated after the Farmers conversion [39] Question: Credit quality and non-performing loans - An increase in non-performing loans was attributed to one isolated credit situation, with overall credit quality remaining stable [46][48] Question: Leasing revenue outlook - Leasing revenue is expected to be lumpy, with guidance for total non-interest income in Q1 around $7.8 million to $8.2 million [70]

Financial Data and Key Metrics Changes - The company reported net income for Q4 2025 of $12.3 million, or $0.61 per diluted share, a 24% increase from Q4 2024 [3] - For the full year, net income was $46.2 million, or $2.64 per diluted share, compared to $31.7 million, or $2.01 per diluted share for 2024, despite an increase in shares outstanding due to capital offerings and acquisitions [4] - The return on assets (ROA) for Q4 was 1.14%, improving to 1.42% when excluding one-time expenses, with a full-year ROA of 1.11% [5] Business Line Data and Key Metrics Changes - Net interest income for Q4 totaled $36.5 million, a 5.5% increase from the linked quarter and a 16% increase from Q4 2024 [6] - Non-interest income increased by $251,000, or 2.6%, from the linked quarter and by $869,000, or 9.6%, from Q4 2024 [8] - Non-interest expense for Q4, after adjusting for non-recurring expenses, was $27.6 million, consistent with the linked quarter [10] Market Data and Key Metrics Changes - The company added $106 million in loans and $236 million in low-cost deposits from the acquisition of Farmers Savings Bank [5] - The loan and lease portfolio grew by $68.7 million, representing an annualized growth rate of 8.7% during Q4 [7] - The loan-to-deposit ratio was 94.3%, slightly down from the linked quarter, with a target range of 90%-95% [16] Company Strategy and Development Direction - The company aims for mid-single-digit loan growth in 2026, focusing on commercial and industrial (C&I) growth while leveraging Farmers' excess deposits [7][12] - Investments in technology and digital banking solutions are expected to enhance deposit growth and support loan growth [27][40] - The company is committed to maintaining a strong capital position to support organic growth and investments in infrastructure [18] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in the company's ability to generate strong earnings despite mixed economic conditions across the country [18] - Credit quality remains solid, with low delinquencies and stable credit metrics, although there was a slight increase in non-performing loans [19] - The management anticipates a gradual expansion of the net interest margin, projecting a 2-3 basis point increase in Q1 and further growth in subsequent quarters [35] Other Important Information - The company announced an increase in its quarterly dividend to $0.18 per share, reflecting confidence in its financial performance [8][17] - The tangible common equity ratio increased from 6.43% a year ago to 9.54% at year-end 2025, indicating strong capital generation [20] Q&A Session Summary Question: Loan growth outlook and composition - Management expects commercial loans to lead growth in 2026, with a focus on C&I and potential leasing growth [25][26] Question: Digital channel growth potential - The digital channel is in early stages, with initial success in opening new accounts, but significant growth is anticipated as more products are launched [31][32] Question: Margin trends and interest rate assumptions - Management expects a slight margin expansion in Q1, with potential further increases depending on interest rate movements [35][36] Question: Expense run rate post-acquisition - First quarter expenses are expected to be similar to current levels, with some reductions anticipated after the Farmers conversion [39] Question: Credit quality and non-performing loans - The increase in non-performing loans was attributed to one isolated credit situation, with overall credit quality remaining stable [46][47]

Financial Data and Key Metrics Changes - The company reported net income for Q4 2025 of $12.3 million, or $0.61 per diluted share, a 24% increase from Q4 2024 [3] - For the full year, net income was $46.2 million, or $2.64 per diluted share, compared to $31.7 million, or $2.01 per diluted share for 2024 [4] - The return on assets (ROA) for Q4 was 1.14%, improving to 1.42% when excluding one-time expenses [5] - The efficiency ratio improved to 57.7% for the quarter, compared to 61.4% for the linked quarter and 68.3% for the prior year [10] Business Line Data and Key Metrics Changes - Net interest income for Q4 totaled $36.5 million, a 5.5% increase over the linked quarter and a 16% increase over Q4 2024 [5] - Non-interest income increased by $251,000, or 2.6%, from the linked quarter, but decreased by $3.8 million, or 10%, for the year compared to 2024 [8][9] - The loan and lease portfolio grew by $68.7 million, representing an annualized growth rate of 8.7% during Q4 [6] Market Data and Key Metrics Changes - The company added $106 million in loans and $236 million in low-cost deposits from the acquisition of Farmers Savings Bank [5] - The loan-to-deposit ratio was 94.3%, slightly down from the linked quarter, with a target range of 90%-95% [15] - The security portfolio totaled $685 million, representing 15.8% of the balance sheet, with 100% classified as available for sale [16] Company Strategy and Development Direction - The company aims to maintain a strong capital position to support organic growth and invest in technology and infrastructure [17] - There is a focus on reducing reliance on wholesale funding, with a successful reduction in brokered deposits for four consecutive quarters [7] - The company plans to leverage the excess deposits from Farmers Savings Bank to support future loan growth [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic conditions across Ohio and Southeastern Indiana, noting no systemic signs of deterioration [17] - The company anticipates mid-single-digit loan growth in 2026, with a focus on commercial and industrial lending [6][22] - Credit quality remains solid, with low delinquencies and a stable allowance for credit losses [18] Other Important Information - The company announced an increase in its quarterly dividend to $0.18 per share, representing a 3.2% annualized yield [7] - The tangible common equity ratio increased from 9.21% at September 30 to 9.54% at year-end [17] - The company is investing in technology and personnel to enhance its operations and growth potential [28] Q&A Session Summary Question: Loan growth outlook and composition - Management expects commercial lending to lead growth in 2026, with a focus on C&I and commercial real estate [22][23] Question: Margin trends and interest rate assumptions - The company anticipates a slight margin expansion in Q1 and further increases in subsequent quarters, assuming rate cuts [26][27] Question: Credit quality and non-performing loans - The increase in non-performing loans was attributed to one specific credit issue, with overall credit quality remaining stable [30][31] Question: Capital optimization and share repurchase plans - The company has a $13.5 million share repurchase authorization and will consider repurchases if they see value [39] Question: Leasing revenue expectations - Leasing revenue is expected to be lumpy, with a potential drop in the first quarter but an increase in subsequent quarters [40]

Core Insights - Civista Bancshares reported revenue of $46.34 million for the quarter ended December 2025, reflecting a year-over-year increase of 14.8% and a surprise of +2.06% over the Zacks Consensus Estimate of $45.4 million [1] - The earnings per share (EPS) for the quarter was $0.75, up from $0.63 in the same quarter last year, resulting in an EPS surprise of +22.29% compared to the consensus estimate of $0.61 [1] Financial Performance Metrics - The efficiency ratio (non-GAAP) was reported at 57.7%, better than the average estimate of 63.3% based on two analysts [4] - The net interest margin (tax equivalent) stood at 3.7%, slightly above the average estimate of 3.6% from two analysts [4] - Total interest-earning assets averaged $3.94 billion, close to the $3.95 billion average estimate from two analysts [4] - Net interest income was reported at $36.45 million, exceeding the average estimate of $35.8 million from two analysts [4] - The net gain on the sale of loans was $1.59 million, surpassing the estimated $1.3 million by two analysts [4] - Total noninterest income reached $9.88 million, higher than the average estimate of $9.18 million from two analysts [4] Stock Performance - Civista Bancshares shares have returned +4.8% over the past month, outperforming the Zacks S&P 500 composite, which changed by +0.8% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Performance - Net income for Q4 2025 was $12.3 million, a 24% increase from $9.9 million in Q4 2024, and full-year net income reached $46.2 million, a 46% increase from $31.7 million in 2024[2]. - Diluted earnings per common share for Q4 2025 was $0.61, compared to $0.63 in Q4 2024, and for the full year, it was $2.64, a 31% increase from $2.01 in 2024[2]. - Net income for the twelve months ended December 31, 2025, was $46,212,000, up 46.0% from $31,683,000 in 2024[55]. - Net income for Q4 2025 was $12,267 million, compared to $9,893 million in Q4 2024, representing a 24.5% increase year-over-year[68]. Asset and Deposit Growth - Total assets as of December 31, 2025, were $4.3 billion, a 5.4% increase from September 30, 2025, and a 5.8% increase from December 31, 2024[10]. - Total deposits at December 31, 2025, were $3.5 billion, a 7.3% increase from September 30, 2025, and a 7.9% increase from December 31, 2024[11]. - Total loans increased by 6.1% to $3,270,046 from $3,081,230, with notable growth in residential real estate loans by 22.1%[49]. - Total deposits grew by 7.9% to $3,466,464, with time deposits surging by 54.8%[50]. Efficiency and Operational Metrics - Efficiency ratio improved to 57.7% in Q4 2025, down from 68.3% in Q4 2024, marking the sixth consecutive quarter of improvement[2]. - The efficiency ratio improved to 57.7% for Q4 2025 from 68.3% in the same period last year, driven by a 16.3% increase in net interest income[23]. - The average yield on interest-earning assets improved to 5.71% from 5.62% year-over-year[41]. - The return on average assets for Q4 2025 was 1.14%, an increase from 0.97% in Q4 2024[69]. Non-Interest Income and Expenses - Non-interest income for Q4 2025 totaled $9.9 million, a 9.6% increase compared to the same period last year[18]. - Non-interest income for Q4 2025 was impacted by the mid-quarter FSB acquisition, with service charges increasing by $0.1 million year-over-year due to higher retail overdraft fees[8]. - Non-interest expense for Q4 2025 totaled $31.0 million, an increase of $2.7 million or 9.6% compared to the same period last year, primarily due to $3.4 million in non-recurring acquisition-related expenses[21]. - Total non-interest expense for Q4 2025 was $31,003 million, up from $28,296 million in Q4 2024, indicating an increase of 6.0%[73]. Credit Quality and Allowance for Losses - The allowance for credit losses to loans ratio was 1.28% at December 31, 2025, compared to 1.30% at September 30, 2025[17]. - The allowance for credit losses at the end of the period was $42,020,000, an increase from $39,669,000 in 2024[56]. - The provision for credit losses for the twelve months ended December 31, 2025, was $3,521,000, down from $5,885,000 in 2024, showing a reduction in expected credit losses[55]. - Non-performing assets decreased to $31,290,000 as of December 31, 2025, from $32,852,000 in 2024, indicating improved asset quality[53]. Capital and Shareholder Metrics - Total shareholders' equity increased to $543.5 million as of December 31, 2025, up $44.4 million from September 30, 2025, and $155.0 million from December 31, 2024, due to a capital raise and the FSB acquisition[26]. - The book value per share rose to $26.20 as of December 31, 2025, compared to $25.08 in 2024[57]. - The equity to asset ratio improved to 12.53% as of December 31, 2025, from 9.48% in 2024, indicating stronger capital position[57]. - The Tier 1 leverage ratio improved to 11.32% from 10.96% in the previous quarter, indicating stronger capital adequacy[77]. Future Outlook - The company expects continued growth in net interest income and non-interest income in the upcoming quarters, driven by strategic market expansions and product innovations[86].

Core Viewpoint Civista Bancshares, Inc. reported strong financial results for the fourth quarter and full year of 2025, highlighting significant growth in net income and earnings per share, driven by disciplined growth strategies and the successful acquisition of The Farmers Savings Bank. Financial Performance - Net income for Q4 2025 was $12.3 million, a 24% increase from $9.9 million in Q4 2024, and $46.2 million for the full year, up 46% from $31.7 million in 2024 [1][5][6] - Earnings per share for Q4 2025 were $0.61, compared to $0.63 in Q4 2024, and $2.64 for the full year, up 31% from $2.01 in 2024 [1][5][6] - The efficiency ratio improved to 57.7% in Q4 2025 from 68.3% in Q4 2024, marking the sixth consecutive quarter of improvement [5][20] Acquisition Impact - The acquisition of The Farmers Savings Bank added approximately $268.1 million in assets, $106.2 million in loans and leases, and $236.1 million in deposits [5][7] - Integration of FSB is on track, with core conversion scheduled for February 2026 [5][8] Asset and Deposit Growth - Total assets reached $4.3 billion, a 5.4% increase from Q3 2025 and a 5.8% increase from Q4 2024 [9] - Total deposits were $3.5 billion, up 7.3% from Q3 2025 and 7.9% from Q4 2024 [10] Net Interest Income and Margin - Net interest income for Q4 2025 was $36.5 million, a 16.3% increase from Q4 2024 [12][14] - Net interest margin improved to 3.69% in Q4 2025 from 3.36% in Q4 2024 [12][19] Non-Interest Income and Expenses - Non-interest income for Q4 2025 totaled $9.9 million, a 9.6% increase from the previous year [17] - Non-interest expenses for Q4 2025 were $31.0 million, a 9.6% increase, influenced by $3.4 million in non-recurring acquisition-related expenses [20][21] Credit Quality - Provision for credit losses decreased to $0.6 million in Q4 2025 from $0.7 million in Q4 2024 [16] - Non-performing assets increased to $31.3 million, a 37.3% rise from Q3 2025 [19] Capital Position - Total shareholders' equity increased to $543.5 million, up $44.4 million from Q3 2025 and $155.0 million from Q4 2024 [23] - The company raised $80.5 million through a public offering in July 2025 [24]