Ether in some ways is a better asset for a convertible bond offering. What better asset to do a convert on than one that's already paying you 3 plus% yield. So you can cover the debt coverage just by owning the asset.So I think both the volatility and the yield bearing makes it ideal for a convertible. And we believe very strongly there's capacity for that. We're not here to raise capital at all costs. We're not here to do stupid things to catch up to the largest ETH treasury.If you're in it for a decade lo ...

Capital Raise & Shareholder Meeting - Shareholders will vote on a $9.4 billion capital raise next week [1] Project Status - One of the company's major US projects was closed down just days before the shareholder meeting [1]

Financial Data and Key Metrics Changes - The company reported net income for Q2 2025 of $11 million, or $0.71 per diluted share, representing a 56% increase from Q2 2024 and an increase of $847,000 from the linked quarter [4] - Pre-provision net revenue increased by $3.3 million, or 37.5%, compared to Q2 2024, and by $770,000, or 6.7%, from the linked quarter [5] - Net interest income for the quarter was $34.8 million, an increase of $2 million, or 6.2%, compared to the linked quarter [5] - Non-interest income declined by $1.3 million, or 16.2%, from the first quarter and by $3.8 million from Q2 2024 [11] Business Line Data and Key Metrics Changes - The loan and lease portfolio grew at an annualized rate of 6.8% during the quarter, with significant growth in residential loans, which increased by $42 million [6][14] - Non-interest expense for the quarter was $27.5 million, a 1.3% increase over the first quarter, primarily due to merit increases in compensation [12] - The efficiency ratio improved to 64.5% compared to 64.9% for the linked quarter and 72.6% for the prior year [13] Market Data and Key Metrics Changes - Total deposits declined by $42.7 million, or 1.3%, primarily due to a municipal customer transferring funds out [17] - The loan-to-deposit ratio was 98.6%, higher than desired, with plans to reduce it to a targeted range of 90% to 95% [19] - The company launched a new digital deposit account opening platform to attract new customers [18] Company Strategy and Development Direction - The company announced a definitive agreement to acquire a former Savings Bank in Spencer, Ohio, and an $88.5 million follow-on capital offering [7][8] - The acquisition is expected to enhance the company's capital ratios and support organic growth [10][22] - The company aims to leverage the acquired low-cost core deposits and security portfolio to fund loan growth [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth, particularly in Ohio, which is becoming more business-friendly [40] - The company anticipates loan growth to remain in the mid-single digits for the remainder of 2025 and accelerate into high single digits in 2026 [24] - Credit quality remains strong, with criticized credits declining by $2 million during the quarter [23] Other Important Information - The company successfully raised $76.3 million in additional capital through a follow-on offering [11] - The effective tax rate for the quarter was 14.6% [13] - Unrealized losses in the securities portfolio increased to $63.1 million as of June 30 [20] Q&A Session Summary Question: Core margin trends for the second half - Management expects the core margin to improve, projecting a range of 3.52% to 3.53% for Q3, with further expansion in Q4 [31] Question: Competitive environment for lending and funding - The competitive landscape is intensifying, with larger regional banks becoming more aggressive in both lending and deposits [33] Question: Specific markets driving loan growth - Loan growth was primarily in residential loans, with a focus on Ohio's expanding job market and business investments [40] Question: Deposit growth strategy and initiatives - Previous initiatives are nearing capacity, but new initiatives, including a digital account opening system, are expected to enhance deposit growth [44] Question: Leasing recovery impact on loan balances - The leasing side is expected to rebound, positively impacting loan balances as well [66]

Core Points - Civista Bancshares, Inc. reported a net income of $11.0 million, or $0.71 per common share, for the quarter ended June 30, 2025, reflecting a 56% increase compared to the same quarter last year [1][8][9] - The company announced a partnership with The Farmers Savings Bank to expand its presence in Northeast Ohio and successfully raised $80.5 million in capital [2][20] - The efficiency ratio improved to 64.5% from 72.6% a year ago, indicating better operational efficiency [8][14] Financial Performance - Total assets increased to $4.2 billion, up $39.2 million or 0.9% from the previous quarter [5] - Total deposits decreased to $3.2 billion, down $42.7 million or 1.32% from the previous quarter [6] - Net interest income rose by $7.1 million or 25.5% year-over-year, totaling $34.8 million for the quarter [7][9] - Noninterest income decreased to $6.6 million, a decline of $3.8 million or 36.5% compared to the same period last year [12][29] Credit Quality - Provision for credit losses decreased to $1.0 million from $1.7 million a year ago, indicating improved credit quality [11] - Non-performing assets decreased by $8.0 million or 25.7% from the previous quarter, with a non-performing assets to assets ratio of 0.55% [11] Capital and Equity - Total shareholders' equity increased to $404.1 million, up $6.7 million from the previous quarter [18] - The company did not repurchase any shares in the second quarter of 2025, with the current repurchase plan set to expire in April 2026 [19] Recent Developments - Civista announced a definitive merger agreement to acquire The Farmers Savings Bank on July 10, 2025 [20] - The company also conducted an underwritten public offering of its common stock, raising approximately $80.5 million [20]

Core Insights - E.F. Hutton has advised on over $750 million in private credit deals, showcasing its expertise in strategic financing and diversified investment solutions [1][2] - FDCTech has engaged E.F. Hutton as its financial advisor to assist in identifying financing opportunities and potential strategic transactions [1][3] Company Overview - FDCTech, Inc. specializes in acquiring and scaling small to mid-size legacy financial services companies, leveraging proprietary technology infrastructure [8] - The company has been experiencing rapid growth in revenue and balance sheet since December 2021, reflecting the success of its expansion strategy [3] Strategic Initiatives - The engagement with E.F. Hutton is a crucial step in FDCTech's plan to pursue an uplisting to a senior national securities exchange, such as Nasdaq or NYSE [3] - By leveraging E.F. Hutton's global network and industry relationships, FDCTech aims to accelerate its growth trajectory and maximize long-term shareholder value [4] Legal and Advisory Support - FDCTech has also engaged Lucosky Brookman LLP to assist in exploring the uplisting process, indicating a comprehensive approach to its capital market strategies [3][7] - E.F. Hutton's expertise in complex financial transactions will support FDCTech's growth and capital raise initiatives across various sectors [2]