Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — Q3 2026 Earnings Presentation
30 slides from Civista Bancshares's earnings presentation, Oct 30, 2026
Slide 1: Civista Bancshares, Inc. Investor Presentation Q3 2026
Civista Bancshares, Inc. Investor Presentation Q3 2026 Chuck Parcher President Chief Executive Officer Richard Dutton Senior Vice President Chief Operating Officer Ian Whinnem Senior Vice President Chief Financial Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements. This presentation may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements express management’s current expectations, estimates or projections of future events, results or lon
Slide 3: Investment Highlights
Managed CRE Concentration 259% CRE to Risk-Based Capital Investment Highlights Business & Strategy Solid Credit Quality Independent Recognition Top Performing – American Banker, 2026 #35 – Forbes Best Banks, 2025 Best Places to Work – Crain’s Cleveland, 2026 Attractive Profitability All figures are
Slide 4: Consistent Strategic Direction
Consistent Strategic Direction Relationship-based organic growth, deposit gathering, disciplined credit and efficiency Disciplined stewards of capital — a selective, returns-driven approach to M&A and to long-term value creation Leadership & Strategic Continuity Business & Strategy Chuck Parcher Pre
Slide 5: Proven Community Bank Franchise
Proven Community Bank Franchise Business & Strategy 142-Year History Established community banking franchise with generational and relationship driven customer base Offering full-service retail banking, commercial lending, mortgage & wealth services, and a national leasing services. Disciplined Fund
Slide 6: Geographical Footprint
Business & Strategy Geographical Footprint Community Banking across Ohio, Indiana, and Kentucky Presence in top 5 largest Ohio MSA’s (Columbus, Cleveland, Cincinnati, Dayton, Toledo) Combination of urban, suburban, and rural markets Headquartered in 1884 in Sandusky, Ohio, deposit market share leade
Slide 7: About Our Footprint: Ohio at a Glance
About Our Footprint Business & Strategy Ohio at a Glance 11.9M Residents Top-10 U.S. state by population 60% of U.S. & Canadian population within a day’s drive of Ohio 27 Fortune 500 HQs 5th most nationally • $935B GDP #1 Top State for Business CNBC, 2026 (2025 Ranked #5) Why it Matters for Civista
Slide 8: Executing our Growth Strategy
Executing our Growth Strategy Business & Strategy Revenue & Relationship Growth Expands low‑cost funding, fees, and customer value Digital deposit account opening across channels Deposit redesign and debit card utilization Payments upgrades driving engagement and fees Financial Outcome: NIM1 +35 bps
Slide 9: Diversified Business Segments
Diversified Business Segments Business & Strategy CIVISTA BANCSHARES Full-Service Banking Organization with Diversified Revenue Streams SPREAD-DRIVEN SPECIALTY & FEE-BASED 🏢 Commercial Banking Relationship lending & deposits Earns spread income from C&I, CRE, and business credit relationships 👥…
Slide 10: Balance Sheet Strength
&P Capital IQ Pro Acquisition: Closed July 2022 $327M in Assets Acquisition: Closed Nov. 2025 $285M in Assets $1.5 $1.6 $1.6 $2.3 $2.3 $3.1 $3.2 $3.7 $3.9 $4.1 Terminated tax refund processing: January 2024 10 Acquisition: Closed Sept. 2018 $551M in Assets Consistent quarterly dividend payment and g
Slide 11: M&A Philosophy
Risk & Capital Preserves capital flexibility and balance sheet strength Manageable credit risk / concentrations Financial Discipline Target assets of ~$300 million to ~$1.5 billion EPS accretive with disciplined TBV earn-back M&A Philosophy Business & Strategy Strategic Fit Ohio or contiguous states
Slide 12: 2026 Third Quarter Financials
All figures are end of period 3Q 2026 and 3Q 2025 respectively 1. See Non-GAAP Reconciliation in appendix 2026 Third Quarter Financials 3Q 2026 3Q 2025 Earnings Performance NIM1 3.93% 3.58% ROAA 1.48% 1.22% ROAE 11.21% 10.70% Net Income $16.0M $12.8M Balance Sheet Position Total Assets $4.30B $4.11B
Slide 13: Total Loans and Leases
Total Loans and Leases Financial Performance Loan Mix CRE NOO Detail ($ in millions) All figures as of 9/30/2026 Total Loans $3.3B 5% of total NOO office is in Central Business District
Slide 14: Deposits
Deposits Financial Performance Average Deposit Balances Cost of Funds Trend Deposit Mix1 Total $3.5B ($ in millions) ($ in millions) 1. End of period as of 9/30/2026 Loan to Deposit Ratio of 94.7% $528M Public Fund Deposits (no other concentrations) ➢ ➢ Fed Funds rate (upper bound) Cost of Funding C
Slide 15: Earnings Analysis
Earnings Analysis Financial Performance Efficiency Ratio1 & ROAA NII and NIM¹ ($ in millions and %) 1. See non-GAAP reconciliation in appendix NRA represents non-recurring adjustments 3Q 2026 3Q 2025 Net Income ($ in millions) Interest Income 57.8 55.2 Interest Expenses 18.4 20.7 Net Interest Income
Slide 16: Credit Quality
Credit Quality Credit, Liquidity & Capital Credit Loss Reserves / Gross Loans Reserves / Non-performing Loans Non-performing Assets / Assets Net Charge-off Ratio1 All figures are End of Period Balances 1. 3Q 2026 represents an annualized percentage
Slide 17: Capital Management & Liquidity
Capital Management & Liquidity Credit, Liquidity & Capital Liquidity Tier 1 Leverage Ratio Total Risk Based Capital Ratio Tangible Common Equity Ratio1 Dividends All figures as of 3Q 2026 1. See non-GAAP reconciliation in appendix $75MM Capital Raise (July 2025) +331 bps since 2Q25 +435 bps since 2Q
Slide 18: Outlook: Valuation & Shareholder Returns
Outlook Valuation & Shareholder Returns Current Valuation Price / TBV1: 1.33x Peer Median P/TBV2: ~ 1.56x (Selected Midwest Banks) Dividend Yield: 2.73% Dividend Payout Ratio: 23.34% Value Creation Drivers TBV/Share1: $19.87 EPS: $0.77 3Q26 Margin Expansion: NIM1 +35 bps YoY ROAE: 11.21% (3Q 2026) S
Slide 19: Profitability Outlook
Profitability Outlook Bottom Line Record NII + disciplined growth = accelerating earnings power. Net Interest Income ($M) Net Income ($M) $75MM Capital Raise (July 2025) $39.4M Q3 NII +14.1% YoY $16.0M Q3 Net Inc +25.5% YoY $0.77 Q3 EPS +13.2% YoY What This Means for Investors Earnings Power NII at
Slide 20: Long-Term Value Outlook
Long-Term Value Outlook Bottom Line Cost discipline + margin expansion = full-strength profitability. Efficiency Ratio1 ROAA & ROAE See Non-GAAP Reconciliation in appendix Note: ROAE negatively impacted by equity issued in connection with the FSB merger and common stock offering completed during the
Slide 21: Executive Team
Executive Team Charles A. Parcher President & \ Chief Executive Officer \ Robert L. Curry, Jr. Senior Vice President Chief Risk Officer Robert L. Katitus Senior Vice President Chief Lending Officer Michael D. Mulford Senior Vice President Chief Credit Officer CIVISTA BANCSHARES, INC. Richard J. Dutt
Slide 22: Appendix
Appendix
Slide 23: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Appendix (Unaudited - dollars in thousands except share data) Q3 2026 Q3 2025 Tangible Common Equity Total Shareholder's Equity – GAAP 552,741 499,028 Less: Preferred Equity - - Less: Goodwill and intangible assets 141,270 132,276 Tangible common equity
Slide 24: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Appendix (Unaudited - dollars in thousands except Efficiency Ratio) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Noninterest expense – GAAP 27,978 28,653 29,873 31,003 28,327 Less: Amortization of intangible assets expense 675 696 696 576 318 Less: Acquisitio
Slide 25: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Appendix (Unaudited - dollars in thousands except Net Interest Margin) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Net interest income – GAAP 39,430 38,593 37,823 36,451 34,545 Plus: Tax-equivalent adjustment 599 606 612 620 618 Net interest income (tax-equi
Slide 26: Selected Midwest Community Banks Peer Group Comparison
Selected Midwest Community Banks | Q3 2026 / Most Recent Quarter Data Source: S&P Global Market Intelligence, company filings. TCE Ratio is a non-GAAP measure. See Non-GAAP Reconciliation in appendix Peers Include: MSBI, LCNB, FFBC, QCRH, IBCP, MBWM, NIC, GABC Appendix Peer Group Comparison Assets R
Slide 27: Our Profitability and Capital Compare Favorably to Peers
Our Profitability and Capital Compare Favorably to Peers Peer Median = 1.37% Peer Median = 9.00% Our strong fundamentals position us well for sustained, long-term growth and continued value creation. Source: CIVB Investor Presentation Appendix (Selected Midwest Community Banks) Peers Include: MSBI,
Slide 28: Market Share in Our Footprint
Appendix 1. Deposit market share information as of June 30, 2025. Market Share in Our Footprint Region Locations Loans Deposits Sandusky/Norwalk/Port Clinton, Ohio #1 deposit market share in Sandusky, Ohio with ~67% 9 $691.4M $1.47B Northwest Ohio ~13% deposit market share 6 $283.3M $215.7M Clevelan
Slide 29: Civista Leasing and Equipment Financing
Civista Leasing and Equipment Financing Appendix Targeted Industries: Propane, Recycling/Waste Management, Environmental, Additive Manufacturing (3-D Printing), Construction, Non-destructive testing All figures as of 3Q 2026 2026 YTD Production YTD Funded: $66.4 million Sold: $29.8 million Net Produ
Slide 30: Awards & Recognition
Awards & Recognition Three independent honors across performance, franchise ranking and workplace culture. American Banker Top-Performing Banks, 2026 (multi-year recognition) Ranks the best-performing publicly traded banks on three-year average return on average equity — a test of profitability thro