Core Viewpoint - Civista Bancshares, Inc. has promoted Robert L. Katitus to Senior Vice President and Chief Lending Officer, reflecting the company's commitment to internal talent development and leadership continuity [1][3]. Group 1: Leadership Changes - Robert L. Katitus has been appointed as Senior Vice President and Chief Lending Officer, succeeding Charles A. Parcher, who has become the President of Civista Bank [1]. - Katitus will be part of Civista's Executive Leadership Team and will report directly to the President of Civista Bank [1]. Group 2: Experience and Background - Katitus brings over 25 years of banking and commercial lending experience, having joined Civista in 2010 [2]. - Prior to his current role, he served as Senior Vice President, Regional Market Executive for Northeast Ohio and oversaw commercial banking in Northwest Ohio after Civista's acquisition of The Henry County Bank in 2022 [2][3]. - His previous experience includes leadership roles in commercial lending at Park View Federal Savings Bank and starting his banking career at National City Corporation in 1998 [3]. Group 3: Company Overview - Civista Bancshares, Inc. is a $4.2 billion financial holding company headquartered in Sandusky, Ohio, with its primary subsidiary being Civista Bank, founded in 1884 [4]. - Civista Bank operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky, providing full-service banking, commercial lending, mortgage, and wealth management services [4]. - The company also offers commercial equipment leasing services nationwide through its Civista Leasing and Finance Division [4].

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]

SANDUSKY, Ohio, April 2, 2025 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced today that it will issue its first quarter 2025 financial results prior to market open on Thursday, April 24, 2025. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Thursday, April 24, 2025, to discuss its financial results. Analysts may participate in the question-and-answer session. Conference Call, Replay and Webcast Information: Date: Thursday, Apr ...