Civista Bancshares preliminary unaudited Q3 profit $16M

Net interest margin was 3.93%, while cost of funds fell 30 basis points and brokered deposits declined $25.0 million.

Rhea-AI Filing Summary

Civista Bancshares, Inc. (CIVB) reported preliminary, unaudited third-quarter 2026 net income of $16.0 million, up 25.5% from $12.8 million a year earlier, and diluted earnings per share of $0.77 versus $0.68. Net interest income increased $4.9 million, or 14.1%, year over year. Net interest margin was 3.93%, up 35 basis points, while cost of funds declined 30 basis points to 1.97%. Results include The Farmers Savings Bank merger from November 7, 2025.

Pre-provision net revenue was $21.1 million, compared with $15.9 million a year earlier. Loans grew $38.0 million, or 1.2%, from the prior quarter; brokered deposits declined $25.0 million during the quarter and $77.0 million since year-end 2025. Non-performing assets were $27.6 million, down 11.7% from December 31, 2025. Civista recorded a $1.6 million net loss on debt securities after selling $6.6 million, mainly lower-yielding securities, and reinvesting proceeds in higher-yielding assets. Other income included $1.8 million in net insurance proceeds related to the Stateline branch fire in December 2025. The company declared a quarterly cash dividend of $0.18 per share, unchanged from the second quarter.

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Positive

• Moderate pointThird-quarter net income rose 25.5% to $16.0 million.

Negative

• None.

Filing Explained

Civista reports that it repurchased 82,075 shares in the first nine months of 2026; shares outstanding were 20,712,013 on September 30, 2026, versus 20,746,474 on December 31, 2025, and its current repurchase plan expires in April 2027.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net income: $16.0 million Diluted earnings per share: $0.77 Net interest income: $39.430 million +4 more

7 metrics

Net income $16.0 million Third quarter 2026; up 25.5% from third quarter 2025

Diluted earnings per share $0.77 Third quarter 2026; compared with $0.68 in third quarter 2025

Net interest income $39.430 million Third quarter 2026; increased 14.1% year over year

Net interest margin 3.93% Third quarter 2026; up 35 basis points year over year

Pre-Provision Net Revenue (PPNR) $21.1 million Third quarter 2026; compared with $15.9 million in third quarter 2025

Loan growth $38.0 million, or 1.2% Increase from second quarter 2026

Quarterly cash dividend $0.18 per share Declared for third quarter 2026; consistent with second quarter 2026

Key Terms

Pre-Provision Net Revenue (PPNR), Net interest margin, Brokered deposits, Allowance for credit losses, +1 more

5 terms

Pre-Provision Net Revenue (PPNR) financial

"Pre-Provision Net Revenue (PPNR) for the third quarter of 2026 was $21.1 million"

Pre-provision net revenue (PPNR) measures a bank’s core income after operating costs but before setting aside money for expected loan losses, taxes or extraordinary items. It shows how much cash the business generates from normal activities — like a household’s take-home income before putting money into an emergency fund — and matters to investors because higher PPNR means a bigger cushion to absorb loan losses and support future profits or dividend payments.

Net interest margin financial

"Net interest margin increased 35 basis points to 3.93%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

Brokered deposits financial

"Brokered deposits totaled $325.1 million at September 30, 2026"

Brokered deposits are large sums of customer cash placed at a bank through a third-party intermediary that shops around for the best interest rate, like a broker assembling a big bucket of savings and directing it to a bank. They matter to investors because they can quickly change a bank’s funding level and cost — providing fast liquidity but also adding volatility and regulatory scrutiny that can affect a bank’s stability and profitability.

Allowance for credit losses financial

"The allowance for credit losses was $42.4 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

Non-performing assets financial

"Non-performing assets at September 30, 2026, were $27.6 million"

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

Earnings Snapshot

Net income: $16.0 million

Third quarter 2026

Net income $16.0 million +25.5% year over year

Diluted earnings per share $0.77 Compared with $0.68 in third quarter 2025

Net interest margin 3.93% +35 basis points year over year

Pre-Provision Net Revenue (PPNR) $21.1 million Compared with $15.9 million in third quarter 2025

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was CIVB's net income in Q3 2026?

Civista reported $16.0 million in preliminary, unaudited net income for the third quarter of 2026, up 25.5% from $12.8 million in the third quarter of 2025. Diluted earnings per share were $0.77, compared with $0.68 a year earlier.

What dividend did CIVB declare for Q3 2026?

Civista declared a quarterly cash dividend of $0.18 per share, consistent with the second quarter of 2026.

Why did CIVB record a securities loss in Q3 2026?

Civista reported a $1.6 million net loss on the sale of debt securities as part of a balance-sheet repositioning strategy. It sold $6.6 million in securities, mainly lower-yielding securities, and reinvested the proceeds in higher-yielding assets; the company said it expects this to enhance future net interest income and support margin expansion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/22/2026 - 07:15 AM EDT Accepted by SEC EDGAR 10/22/2026 - 07:15 AM EDT Learn about SEC filing dates

false000094474500009447452026-10-222026-10-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 22, 2026

Civista Bancshares, Inc.

(Exact name of Registrant as Specified in Its Charter)

Ohio			001-36192	34-1558688
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
100 East Water Street
Sandusky, Ohio				44870
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (419) 625 - 4121

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common shares, no par value		CIVB		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On October 22, 2026, Civista Bancshares, Inc. announced preliminary unaudited earnings for the three and nine month periods ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit 99.1 Press release of Civista Bancshares, Inc. reporting financial results and earnings for the three and nine month period ended September 30, 2026

Exhibit 104 Cover Page Interactive File-the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Civista Bancshares, Inc.
Date:	October 22, 2026	By:	/s/ Ian Whinnem
			Ian Whinnem, Senior Vice President & Chief Financial Officer

EXHIBIT 99.1

Civista Bancshares, Inc. Announces Third Quarter 2026 Net Income of $16.0 million, up 25.5% from Third Quarter 2025

Sandusky, Ohio, October 22, 2026 /PRNewswire/– Civista Bancshares, Inc. (NASDAQ:CIVB) (“Civista”) today reported net income of $16.0 million, or $0.77 per diluted common share, for the quarter ended September 30, 2026. The results of the periods presented include the impact of The Farmers Savings Bank ("FSB") merger since November 7, 2025.

•Net income for the third quarter of 2026 of $16.0 million, a $3.3 million or 25.5% increase compared to $12.8 million for the third quarter 2025, and a $1.7 million, or 11.9% increase from the second quarter 2026.

•Net interest margin expanded 35 basis points year-over-year to 3.93% while cost of funds declined 30 basis points.

•Earnings per diluted common share were $0.77 for the third quarter of 2026, compared to $0.68 for the third quarter of 2025.

•Pre-Provision Net Revenue (PPNR) for the third quarter of 2026 was $21.1 million, compared to $15.9 million in the third quarter of 2025 and $18.9 million for the second quarter of 2026.

•Total loans increased $38.0 million, or 1.2%, in the third quarter of 2026 compared to the second quarter of 2026.

•Return on Assets of 1.48%, compared to 1.22% for the third quarter of 2025.

•The efficiency ratio improved to 55.3% for the third quarter of 2026 from 61.4% for the third quarter of 2025.

1

CEO Commentary:

"I am pleased with Civista's strong performance in the third quarter and proud of the continued execution by our team," said Chuck Parcher, President and Chief Executive Officer of Civista Bancshares, Inc. "We delivered net income of $16.0 million, expanded our net interest margin to 3.93%, and improved our efficiency ratio to 55.3%, while also generating solid loan growth. These results reflect the strength of our franchise, disciplined balance sheet management, and the dedication of our employees to serving our customers and communities."

"Our focus remains on growing responsibly while maintaining a strong and well-managed balance sheet. Total loans increased $38.0 million during the quarter, while brokered deposits declined another $25.0 million. Credit quality also remained well managed, with non-performing assets declining to $27.6 million. We are encouraged by these trends and remain focused on balancing growth with prudent funding and credit risk management."

"As I begin my tenure as President and CEO, I am honored to have the opportunity to lead Civista and build upon the strong foundation established by those who came before me. Our priorities remain clear: take care of our customers, support our communities, invest in our people, and deliver consistent execution. I have tremendous confidence in our team, the strength of our franchise, and Civista's ability to create long-term value for our shareholders, customers, and communities."

2

Results of Operations:

For the three month periods ended September 30, 2026, June 30, 2026 and September 30, 2025, and the nine month periods ended September 30, 2026 and 2025. The results of the periods reflect the inclusion of the FSB merger since November 7, 2025.

Third Quarter 2026 Highlights

•Net income of $16.0 million, a $3.3 million or 25.5% increase compared to $12.8 million for the third quarter 2025, and a $1.7 million, or 11.9% increase from the second quarter 2026.

•Earnings per diluted common share were $0.77 for the third quarter of 2026, compared to $0.68 for the third quarter of 2025.

•Pre-Provision Net Revenue (PPNR) for the third quarter of 2026 was $21.1 million, compared to $15.9 million in the third quarter of 2025 and $18.9 million for the second quarter of 2026.

•Net interest margin expanded 35 basis points year-over-year to 3.93% while cost of funds declined 30 basis points.

•Net securities losses from the sale of debt securities were $1.6 million for the third quarter of 2026 related to balance sheet repositioning.

•Other non-interest income includes $1.8 million of net insurance proceeds related to the Stateline branch fire that occurred in December 2025.

•Cost of funds of 197 basis points for the third quarter of 2026, 30 basis points lower than the 227 basis points cost of funds for the third quarter of 2025, and 3 basis points higher than the 194 basis points in second quarter 2026.

•Cost of deposits of 182 basis points for the third quarter of 2026, down 18 basis points compared to 200 basis points in the third quarter of 2025, and 1 basis point lower than the 183 basis points in the second quarter of 2026.

•Brokered deposits declined $25.0 million during the third quarter and $77.0 million since year-end 2025 as Civista continued optimizing its funding mix and reducing higher-cost funding sources.

•Total loans increased $38.0 million, or 1.2%, in the third quarter of 2026 compared to the second quarter of 2026.

•The efficiency ratio improved to 55.3% for the third quarter of 2026 from 61.4% for the third quarter of 2025.

•Return on Assets of 1.48%, compared to 1.22% for the third quarter of 2025.

•Net charge-offs totaled $0.1 million during the quarter, compared with $0.6 million in the third quarter of 2025.

•Allowance for credit losses on loans / total loans of 1.29%.

•Tangible book value per share increased 3.1% from December 31, 2025, to $19.87 at September 30, 2026

•Declared a quarterly cash dividend of $0.18 per share, consistent with the second quarter 2026.

•Based on the September 30, 2026 closing share price of $26.38, the $0.18 quarterly dividend represents an annualized yield of 2.73% and a payout ratio of 23.34%.

3

Assets

Total assets were $4.3 billion at September 30, 2026, up $10.6 million from June 30, 2026, and down $31.5 million from December 31, 2025.

•Loan and lease balances increased $38.0 million, or 1.2%, from June 30, 2026, and $22.9 million, or 0.7% from December 31, 2025.

•Residential Real Estate increased $24.9 million since June 30, 2026 reflecting continued strength in residential lending activity and solid customer demand.

•Real Estate Construction loans increased $15.4 million since June 30, 2026, continuing the seasonal increase in construction lending activity that began in the second quarter.

Deposits & Borrowings

Total deposits were $3.5 billion at September 30, 2026, an increase of $19.4 million from June 30, 2026, and $11.2 million from December 31, 2025.

•Noninterest-bearing demand deposits increased $30.3 million from June 30, 2026, primarily due to increases of $19.9 million and $14.8 million in business commercial deposits and public fund deposits, respectively, slightly offset by a decrease of $3.2 million in retail noninterest-bearing deposits.

•Savings and money markets increased $15.8 million from June 30, 2026, primarily due to an increase of $29.2 million in business money market deposits. The increase was somewhat offset by decreases of $9.8 million and $5.3 million in ICS money market deposits and consumer savings, respectively.

•Brokered deposits totaled $325.1 million at September 30, 2026, which included brokered certificates of deposit of $325.0 million and brokered money markets of $0.1 million. Brokered deposits decreased $25.0 million from June 30, 2026, reflecting management's continued efforts to reduce higher cost brokered deposits.

•FHLB short-term advances totaled $122.5 million on September 30, 2026, down $1.0 million from June 30, 2026.

4

Net Interest Income and Net Interest Margin

Net interest income increased $4.9 million, or 14.1%, for the third quarter of 2026, compared to the same period in 2025.

•Interest income increased $2.6 million year over year, primarily reflecting growth in average interest‑earning assets.

•Interest expense decreased $2.3 million year over year, mainly due to lower borrowing costs from reduced short‑term FHLB advances coupled with disciplined deposit pricing.

•Net interest margin increased 35 basis points to 3.93% for the third quarter of 2026, compared to 3.58% for the same period in 2025, reflecting continued disciplined deposit pricing, a reduced reliance on higher‑cost wholesale funding, and partially supplemented by favorable loan yields and earning asset mix management.

Net interest income increased $13.7 million, or 13.4%, for the nine months ended September 30, 2026, compared to the same period in 2025. For the nine months ended September 30, 2025, net interest income was increased by $1.6 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion.

•Interest income increased $4.9 million for the nine months ended September 30, 2026, compared to the same period in 2025, attributed to average interest-earning assets increasing $172.3 million, slightly offset by a 6-basis point decrease in asset yield.

•Interest expense decreased $8.8 million for the nine months ended September 30, 2026, compared to the same period in 2025. This was due to an 81-basis point reduction in higher cost short-term FHLB borrowings coupled with a 44-basis point drop in time deposits, mostly offset by $212.1 million average balance growth in interest-bearing deposits.

•Net interest margin increased 31-basis points to 3.89% for the nine months ended September 30, 2026, compared to 3.58% for the same period in 2025.

5

Credit

Provision for credit losses, including provision for unfunded commitments, was $1.3 million for the third quarter of 2026, compared to $0.2 million for the third quarter of 2025.

•Civista recorded net charge-offs of $0.1 million for the third quarter of 2026, compared to net charge-offs of $0.6 million for the same period in 2025.

•The allowance for credit losses was $42.4 million, or 1.29% of total loans, at September 30, 2026, compared to 1.30% at September 30, 2025, and 1.28% at December 31, 2025.

•Non-performing assets at September 30, 2026, were $27.6 million, a decrease of $3.7 million or 11.7%, from December 31, 2025. The non-performing assets to assets ratio was 0.64% and 0.72% at September 30, 2026 and December 31, 2025, respectively.

•The allowance for credit losses to non-performing loans increased to 153.3% at September 30, 2026, from 134.2% at December 31, 2025.

6

Non-interest Income

Non-interest income for the third quarter of 2026 totaled $9.7 million, up slightly from $9.6 million for the same period in 2025.

•Service charges increased $0.2 million for the third quarter of 2026, compared to the same period in 2025, primarily from higher business service charges and retail overdraft fees.

•Net loss on sale of debt securities was $1.6 million for the third quarter of 2026 as part of a balance sheet repositioning strategy. Civista sold $6.6 million in securities, mainly lower-yielding securities and reinvested the proceeds into higher-yielding assets, which is expected to enhance future net interest income and support net interest margin expansion.

•Mortgage banking increased $0.1 million for the third quarter of 2026, compared to the same period in 2025, reflecting improved secondary market execution resulting from expanding the use of mandatory delivery loan sales while continuing to utilize best-efforts delivery channels.

•Other income increased $1.7 million for the third quarter of 2026, compared to the same period in 2025, primarily reflecting $1.8 million in net insurance proceeds in the third quarter of 2026 related to the Stateline branch fire.

Non-interest income totaled $28.1 million, an increase of $4.0 million or 16.6%, when compared to the same period in 2025. For the nine months ended September 30, 2025, non-interest income was reduced by $1.0 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion.

•Service charges increased $0.7 million for the nine months ended September 30, 2026, compared to the same period in 2025, primarily from higher business service charges and retail overdraft fees.

•Net loss on sale of debt securities was $1.6 million for the nine months ended September 30, 2026 as part of a balance sheet repositioning strategy.

•Mortgage banking increased $0.8 million for the nine months ended September 30, 2026, compared to the same period in 2025, reflecting improved secondary market execution and disciplined pricing strategies.

•Leasing and commercial finance revenue increased $1.3 million for the nine months ended September 30, 2026, compared to the same period in 2025, due to the non-recurring adjustment discussed above. Excluding the non-recurring adjustment, leasing and commercial finance revenue was up $0.3 million year-over-year resulting from increased origination volume.

•Other income increased $2.4 million for the nine months ended September 30, 2026, compared to the same period in 2025, due to net insurance proceeds of $1.8 million and $0.5 million in income from the Company's captive insurance subsidiary, CIVB Risk Management, recorded in the first quarter of 2026 related to the closure of three claims without payment, resulting in a reduction of ceded reserves.

7

Non-interest Expense

Non-interest expense for the third quarter of 2026 totaled $28.0 million, a decrease of $0.3 million or 1.2%, compared to the third quarter of 2025. In the third quarter of 2025, non-interest expense was increased by $0.7 million from acquisition expenses related to the acquisition of The Farmers Savings Bank ("FSB") that closed in the fourth quarter of 2025. These expenses were recorded in other non-interest expense.

•Compensation expense increased $0.3 million for the third quarter of 2026, compared to the same period in 2025, primarily due to increases in salaries and medical expenses associated with a higher number of full-time equivalent (FTE) employees year-over-year.

•The quarter-to-date average number of FTE employees was 555 at September 30, 2026, compared with an average number of 524 for the same period in 2025.

•FDIC assessment decreased $0.3 million for the third quarter of 2026, compared to the same period in 2025, mainly due to an improvement in Civista's risk-based assessment rate, reflecting favorable trends in regulatory ratios and supervisory metrics used in the FDIC's pricing methodology.

•Equipment expense decreased $0.6 million for the third quarter of 2026, compared to the same period in 2025, mainly due to $0.7 million in depreciation expense recorded in the third quarter of 2025 on assets that had a net book value but are no longer in use.

•Amortization of intangibles increased $0.4 million for the third quarter of 2026, compared to the same period in 2025, due to the merger of FSB that closed in November 2025.

•Other expenses decreased $0.6 million for the third quarter of 2026, compared to the same period in 2025, primarily due to the aforementioned acquisition-related expenses.

•The efficiency ratio was 55.3% for the quarter ended September 30, 2026, compared to 61.4% for the same period in 2025. The change in the efficiency ratio is primarily due to a 14.1% increase in net interest income and a 1.2% decrease in non-interest expenses.

Non-interest expense totaled $86.5 million, an increase of $3.6 million or 4.3%, when compared to the same period in 2025. For the nine months ended September 30, 2026, non-interest expense was increased by $0.4 million from non-recurring adjustments related to acquisition expenses from the merger with FSB that closed in November 2025. These expenses are recorded in other non-interest expenses. For the nine months ended September 30, 2025, non-interest expense was increased by $0.3 million resulting from the aforementioned $0.7 million acquisition-related expenses, partially offset by a $0.3 million reduction resulting from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion. The acquisition-related expense of $0.7 million is recorded in other non-interest expense. The core conversion reduction of $0.3 million is recorded in equipment expense.

•Compensation expense increased $3.2 million for the nine months ended September 30, 2026, compared to the same period in 2025, primarily due to increases in salaries and medical expenses associated with a higher number of full-time equivalent (FTE) employees year-over-year.

•The year-to-date average number of FTE employees was 550 at September 30, 2026, compared with an average number of 523 for the same period in 2025.

8

•FDIC assessment decreased $1.0 million for the nine months ended September 30, 2026, compared to the same period in 2025, mainly due to an improvement in Civista's risk-based assessment rate, reflecting favorable trends in regulatory ratios and supervisory metrics used in the FDIC's pricing methodology.

•Equipment expense decreased $0.7 million for the nine months ended September 30, 2026, compared to the same period in 2025, mainly due to $0.7 million in depreciation expense recorded in 2025 on assets that had a net book value but are no longer in use.

•Professional fees decreased $1.1 million for the nine months ended September 30, 2026, compared to the same period in 2025, mainly due to utilizing consultants in 2025 to assist in transitioning Civista Leasing and Finance Division to a new core processing system.

•Amortization of intangibles increased $1.1 million for the nine months ended September 30, 2026, compared to the same period in 2025, due to the merger of FSB that closed in November 2025.

•The efficiency ratio was 57.8% for the nine months ended September 30, 2026, compared to 63.5% for the same period in 2025. The change in the efficiency ratio is primarily due to a 13.4% increase in net interest income and a 16.6% increase in non-interest income, partially offset by a 4.3% increase in non-interest expenses.

Taxes

Civista’s effective income tax rate for the third quarter of 2026 was 19.1% compared to 18.5% for the same period in 2025.

Civista’s effective income tax rate for the nine months ended September 30, 2026, was 17.6% compared to 16.2% in the same period in 2025.

Capital

Total shareholders’ equity at September 30, 2026, totaled $552.7 million, an increase of $9.3 million from December 31, 2025. The increase reflected a $34.1 million increase in retained earnings mostly offset by increases in accumulated other comprehensive loss of $23.6 million resulting from the change in the unrealized loss on available-for-sale securities portfolio and treasury stock of $2.5 million, mainly due to share repurchases.

Civista repurchased 82,075 shares in the first nine months ended September 30, 2026. The current repurchase plan is set to expire in April 2027. For the nine months ended September 30, 2026, Civista liquidated 14,654 shares held by employees, at an average price of $22.00 per share, to satisfy tax obligations stemming from vesting of restricted shares.

9

Conference Call and Webcast

Civista Bancshares, Inc. will also host a conference call to discuss the Company's financial results for the third quarter of 2026 at 1:00 p.m. ET on Thursday, October 22, 2026. Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company's website, www.civb.com. Participants can also listen to the conference call by dialing 800-836-8184 and ask to be joined into the Civista Bancshares, Inc. third quarter 2026 earnings call. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection. An archive of the webcast will be available for one year on the Investor Relations section of the Company's website (www.civb.com).

About Civista Bancshares

Civista Bancshares, Inc., is a $4.3 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 44 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Bank also offers commercial equipment leasing services for businesses nationwide through its Civista Leasing and Finance Division. Civista Bancshares’ common shares are traded on the NASDAQ Capital Market under the symbol “CIVB”. Learn more at www.civb.com.

Forward Looking Statements

This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in Civista’s reports filed with the Securities and Exchange Commission, including those described in “Item 1A Risk Factors” of Part I of Civista’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and any additional risks identified in the Company’s subsequent Form 10-Q’s. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof. Civista does not undertake, and specifically disclaims any obligation, to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.

10

Non-GAAP Financial Measures

This press release and related materials may contain references to measures which are not defined in generally accepted accounting principles ("GAAP"). These financial measures have been included as they provide meaningful supplemental information to assess trends in the Corporation's results of operations. Certain non-GAAP financial measures discussed earlier in this release, including efficiency ratio, net interest margin, tangible book value per share, and related ratios, are identified in the accompanying financial tables. Management believes these measures are meaningful because they reflect adjustments commonly made by management, investors, regulators, and analysts to evaluate the adequacy of earnings per diluted common share, provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

For additional information, contact:

Charles A. Parcher

President and CEO

Civista Bancshares, Inc.

888-645-4121

11

Average Balance Analysis
(Unaudited - Dollars in thousands)
	Three Months Ended September 30,
	2026										2025
	Average						Yield/				Average						Yield/
Assets:	balance			Interest			rate *				balance			Interest			rate *
Interest-earning assets:
Loans **	$	3,274,016		$	51,385			6.23	%		$	3,128,033			48,718			6.18	%
Taxable securities ***		416,958			3,871			3.43	%			402,216			3,922			3.57	%
Non-taxable securities ***		270,638			2,255			3.87	%			274,722			2,324			3.84	%
Interest-bearing deposits in other banks		32,092			312			3.87	%			24,513			276			4.47	%
Total interest-earning assets ***	$	3,993,704		$	57,823			5.73	%		$	3,829,484		$	55,240			5.69	%
Noninterest-earning assets:
Cash and due from financial institutions		36,456										34,261
Premises and equipment, net		37,331										42,638
Accrued interest receivable		14,450										14,230
Intangible assets		141,643										132,503
Bank owned life insurance		64,085										63,289
Other assets		55,085										59,667
Less allowance for loan losses		(41,959	)									(40,380	)
Total Assets	$	4,300,795									$	4,135,692
Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Demand and savings	$	1,665,740		$	6,035			1.44	%		$	1,536,897		$	5,856			1.51	%
Time		1,072,756			9,854			3.64	%			1,037,256			10,491			4.01	%
Short-term FHLB borrowings		127,500			1,321			4.11	%			272,985			3,063			4.45	%
Long-term FHLB borrowings		498			4			2.81	%			1,011			7			2.59	%
Other borrowings		2,859			58			8.02	%			5,123			108			8.39	%
Subordinated debentures		104,337			1,121			4.27	%			104,186			1,170			4.46	%
Total interest-bearing liabilities	$	2,973,690		$	18,393			2.45	%		$	2,957,458		$	20,695			2.78	%
Non-interest-bearing deposits		719,232										662,872
Other liabilities		41,020										42,369
Shareholders' equity		566,853										472,993
Total Liabilities and Shareholders' Equity	$	4,300,795									$	4,135,692
Net interest income and interest rate spread				$	39,430			3.28	%					$	34,545			2.91	%
Net interest margin ***								3.93	%									3.58	%
* - Average yields are presented on a tax equivalent basis. The tax equivalent effect associated with loans and investments, included in the yields above, was $599 thousand and $618 thousand for the periods ended September 30, 2026 and 2025, respectively.
** - Average balance includes nonaccrual loans
*** - Average yield on investments were calculated by adjusting the average balances of taxable and nontaxable securities by unrealized losses of $52.3 million and $62.9 million, respectively. These adjustments were also made when calculating the yield on earning assets and the margin.

12

Average Balance Analysis
(Unaudited - Dollars in thousands)
	Nine Months Ended September 30,
	2026										2025
	Average						Yield/				Average						Yield/
Assets:	balance			Interest			rate *				balance			Interest			rate *
Interest-earning assets:
Loans **	$	3,256,851		$	150,502			6.18	%		$	3,121,292		$	146,336			6.27	%
Taxable securities ***		422,490			11,732			3.48	%			401,091			11,228			3.43	%
Non-taxable securities ***		277,969			6,836			3.91	%			279,668			7,002			3.88	%
Interest-bearing deposits in other banks		39,256			1,109			3.75	%			22,238			678			4.07	%
Total interest-earning assets ***	$	3,996,566		$	170,179			5.69	%		$	3,824,289		$	165,244			5.75	%
Noninterest-earning assets:
Cash and due from financial institutions		36,819										39,232
Premises and equipment, net		38,523										44,563
Accrued interest receivable		14,305										13,908
Intangible assets		142,455										132,883
Bank owned life insurance		63,687										63,171
Other assets		53,175										59,410
Less allowance for loan losses		(41,453	)									(40,295	)
Total Assets	$	4,304,077									$	4,137,161
Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Demand and savings	$	1,670,478		$	17,463			1.40	%		$	1,554,969		$	17,216			1.48	%
Time		1,091,392			29,773			3.65	%			994,788			30,405			4.09	%
Short-term FHLB borrowings		127,915			3,506			3.66	%			346,737			11,595			4.47	%
Long-term FHLB borrowings		640			13			2.79	%			1,225			24			2.57	%
Other borrowings		3,394			227			8.95	%			5,804			376			8.67	%
Subordinated debentures		104,293			3,351			4.30	%			104,145			3,496			4.49	%
Total interest-bearing liabilities	$	2,998,112		$	54,333			2.42	%		$	3,007,668		$	63,112			2.81	%
Non-interest-bearing deposits		705,988										662,662
Other liabilities		39,299										42,910
Shareholders' equity		560,678										423,921
Total Liabilities and Shareholders' Equity	$	4,304,077									$	4,137,161
Net interest income and interest rate spread				$	115,846			3.27	%					$	102,132			2.94	%
Net interest margin ***								3.89	%									3.58	%
* - Average yields are presented on a tax equivalent basis. The tax equivalent effect associated with loans and investments, included in the yields above, was $1.8 million and $1.9 million for the periods ended September 30, 2026 and 2025, respectively.
** - Average balance includes nonaccrual loans
*** - 2026 and 2025 average yield on investments were calculated by adjusting the average balances of taxable and nontaxable securities by unrealized losses of $46.8 million and $62.1 million, respectively. These adjustments were also made when calculating the yield on earning assets and the margin.

13

Non-interest income
(unaudited - dollars in thousands)	Three months ended September 30,
	2026				2025				$ Change				% Change
Service charges	$	1,835			$	1,667			$	168				10.1	%
Net loss on sale of debt securities		(1,571	)			-				(1,571	)			0.0	%
Net gain (loss) on equity securities		99				255				(156	)			-61.2	%
Mortgage banking		1,085				1,018				67				6.6	%
ATM/Interchange fees		1,553				1,435				118				8.2	%
Wealth management fees		1,458				1,402				56				4.0	%
Leasing and commercial finance revenue		2,572				2,707				(135	)			-5.0	%
Bank owned life insurance		413				666				(253	)			-38.0	%
Swap fees		-				-				-				0.0	%
Other		2,207				483				1,724				356.9	%
Total non-interest income	$	9,651			$	9,633			$	18				0.2	%

Non-interest income
(unaudited - dollars in thousands)	Nine months ended September 30,
	2026				2025				$ Change				% Change
Service charges	$	5,438			$	4,756			$	682				14.3	%
Net loss on sale of debt securities		(1,571	)			-				(1,571	)			0.0	%
Net gain (loss) on equity securities		272				152				120				78.9	%
Mortgage banking		3,040				2,261				779				34.5	%
ATM/Interchange fees		4,494				4,179				315				7.5	%
Wealth management fees		4,350				4,067				283				7.0	%
Leasing and commercial finance revenue		7,274				5,984				1,290				21.6	%
Bank owned life insurance		1,202				1,438				(236	)			-16.4	%
Swap fees		59				125				(66	)			-52.8	%
Other		3,531				1,120				2,411				215.3	%
Total non-interest income	$	28,089			$	24,082			$	4,007				16.6	%

Non-interest expense
(unaudited - dollars in thousands)	Three months ended September 30,
	2026				2025				$ Change				% Change
Compensation expense	$	15,484			$	15,161			$	323				2.1	%
Net occupancy expense		1,589				1,466				123				8.4	%
Contracted data processing		611				559				52				9.3	%
FDIC assessment		365				627				(262	)			-41.8	%
State franchise tax		629				536				93				17.4	%
Professional services		1,244				1,225				19				1.6	%
Equipment expense		1,560				2,205				(645	)			-29.3	%
ATM/Interchange expense		786				755				31				4.1	%
Marketing		543				391				152				38.9	%
Amortization of core deposit intangible		675				318				357				112.3	%
Software maintenance expense		1,465				1,480				(15	)			-1.0	%
Other		3,027				3,604				(577	)			-16.0	%
Total non-interest expense	$	27,978			$	28,327			$	(349	)			-1.2	%

14

Non-interest expense
(unaudited - dollars in thousands)	Nine months ended September 30,
	2026				2025				$ Change				% Change
Compensation expense	$	47,450			$	44,216			$	3,234				7.3	%
Net occupancy expense		4,795				4,519				276				6.1	%
Contracted data processing		1,923				1,662				261				15.7	%
FDIC Assessment		1,208				2,189				(981	)			-44.8	%
State franchise tax		1,782				1,696				86				5.1	%
Professional services		4,050				5,113				(1,063	)			-20.8	%
Equipment expense		5,369				6,072				(703	)			-11.6	%
ATM/Interchange expense		2,261				2,018				243				12.0	%
Marketing		1,563				976				587				60.1	%
Amortization of core deposit intangible		2,067				988				1,079				109.2	%
Software maintenance expense		4,175				4,051				124				3.1	%
Other		9,861				9,435				426				4.5	%
Total non-interest expense	$	86,504			$	82,935			$	3,569				4.3	%

End of period loan and lease balances
(unaudited - dollars in thousands)
	September 30,				December 31,
	2026				2025				$ Change				% Change
Commercial and Agriculture	$	316,162			$	308,692			$	7,470				2.4	%
Commercial Real Estate:
Owner Occupied		387,946				385,547				2,399				0.6	%
Non-owner Occupied		1,228,232				1,239,017				(10,785	)			-0.9	%
Residential Real Estate		982,843				944,328				38,515				4.1	%
Real Estate Construction		280,900				285,137				(4,237	)			-1.5	%
Farm Real Estate		31,815				37,775				(5,960	)			-15.8	%
Lease financing receivable		36,365				35,103				1,262				3.6	%
Consumer and Other		28,660				34,447				(5,787	)			-16.8	%
Total Loans	$	3,292,923			$	3,270,046			$	22,877				0.7	%

End of period deposit balances
(unaudited - dollars in thousands)
	September 30,				December 31,
	2026				2025				$ Change				% Change
Noninterest-bearing demand	$	725,403			$	702,032			$	23,371				3.3	%
Interest-bearing demand		378,326				400,403				(22,077	)			-5.5	%
Savings and money market		1,286,927				1,234,593				52,334				4.2	%
Time deposits		761,889				727,294				34,595				4.8	%
Brokered deposits		325,134				402,142				(77,008	)			-19.1	%
Total Deposits	$	3,477,679			$	3,466,464			$	11,215				0.3	%

15

Allowance for Credit Losses
(dollars in thousands)
	Three months ended September 30,
	2026				2025
Beginning of period	$	41,713			$	40,455
Charge-offs		(1,698	)			(662	)
Recoveries		1,559				83
Provision		823				378
End of period	$	42,397			$	40,254

Allowance for Credit Losses
(dollars in thousands)
	Nine months ended September 30,
	2026				2025
Beginning of period	$	42,020			$	39,669
Charge-offs		(2,678	)			(2,730	)
Recoveries		1,749				518
Provision		1,306				2,797
End of period	$	42,397			$	40,254

Allowance for Unfunded Commitments
(dollars in thousands)
	Three months ended September 30,
	2026				2025
Beginning of period	$	3,894			$	3,553
Provision		472				(178	)
End of period	$	4,366			$	3,375

Allowance for Unfunded Commitments
(dollars in thousands)
	Nine months ended September 30,
	2026				2025
Beginning of period	$	3,236			$	3,380
Provision		1,130				(5	)
End of period	$	4,366			$	3,375

(dollars in thousands)	September 30,				December 31,
	2026				2025
Non-accrual loans	$	27,555			$	30,834
Restructured loans, accruing		-				14
90+ Days Past Due, Still Accruing		94				462
Total non-performing loans		27,649				31,310
Other Real Estate Owned		-				-
Total non-performing assets	$	27,649			$	31,310

16

Civista Bancshares, Inc.

Financial Highlights

(Unaudited, dollars in thousands, except share and per share amounts)

Consolidated Condensed Statement of Operations
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2026				2025				2026				2025
Interest income	$	57,823			$	55,240			$	170,179			$	165,244
Interest expense		18,393				20,695				54,333				63,112
Net interest income		39,430				34,545				115,846				102,132
Provision for credit losses		823				378				1,306				2,797
Provision for unfunded commitments		472				(178	)			1,130				(5	)
Net interest income after provision		38,135				34,345				113,410				99,340
Non-interest income		9,651				9,633				28,089				24,082
Non-interest expense		27,978				28,327				86,504				82,935
Income before taxes		19,808				15,651				54,995				40,487
Income tax expense		3,789				2,891				9,672				6,544
Net income		16,019				12,760				45,323				33,943
Net income available
to common shareholders	$	16,019			$	12,760			$	45,323			$	33,943
Dividends paid per common share	$	0.18			$	0.17			$	0.54			$	0.51
Earnings per common share
Basic
Net income	$	16,019			$	12,760			$	45,323			$	33,943
Less allocation of earnings and
dividends to participating securities		61				61				144				173
Net income available to common
shareholders - basic	$	15,958			$	12,699			$	45,179			$	33,770
Weighted average common shares outstanding		20,775,467				18,767,307				20,769,132				16,605,546
Less average participating securities		78,903				91,743				65,838				85,141
Weighted average number of shares outstanding
used to calculate basic earnings per share		20,696,564				18,675,564				20,703,294				16,520,405
Earnings per common share
Basic	$	0.77			$	0.68			$	2.18			$	2.04
Diluted	$	0.77				0.68			$	2.18				2.04

Selected financial ratios:
Return on average assets		1.48	%			1.22	%			1.41	%			1.10	%
Return on average equity		11.21	%			10.70	%			10.81	%			10.71	%
Return on average tangible common equity		14.95	%			14.87	%			14.49	%			15.59	%
Dividend payout ratio		23.34	%			25.00	%			24.75	%			24.95	%
Net interest margin (tax equivalent)		3.93	%			3.58	%			3.89	%			3.58	%
Effective tax rate		19.13	%			18.47	%			17.59	%			16.16	%

17

Selected Balance Sheet Items
(Dollars in thousands, except share and per share amounts)
	September 30,				December 31,
	2026				2025
	(unaudited)				(unaudited)
Cash and due from financial institutions	$	67,710			$	77,320
Investment in time deposits		3,165				1,165
Investment securities		640,217				684,600
Loans held for sale		3,548				7,180
Loans		3,292,923				3,270,046
Less: allowance for credit losses		(42,397	)			(42,020	)
Net loans		3,250,526				3,228,026
Other securities		26,829				25,942
Premises and equipment, net		37,026				40,611
Goodwill and other intangibles		141,270				143,538
Bank owned life insurance		64,355				63,153
Other assets		70,280				64,918
Total assets	$	4,304,926			$	4,336,453
Total deposits	$	3,477,679			$	3,466,464
Short-term Federal Home Loan Bank advances		122,500				175,000
Long-term Federal Home Loan Bank advances		466				855
Subordinated debentures		104,359				104,234
Other borrowings		2,640				4,090
Accrued expenses and other liabilities		44,541				42,336
Total liabilities		3,752,185				3,792,979
Common shares		421,097				419,769
Retained earnings		273,891				239,784
Treasury shares		(78,299	)			(75,764	)
Accumulated other comprehensive loss		(63,948	)			(40,315	)
Total shareholders' equity		552,741				543,474
Total liabilities and shareholders' equity	$	4,304,926			$	4,336,453

18

	September 30,				December 31,
	2026				2025
	(unaudited)				(unaudited)
Shares outstanding at period end		20,712,013				20,746,474
Book value per share	$	26.69			$	26.20
Equity to asset ratio		12.84	%			12.53	%
Selected asset quality ratios:
Allowance for credit losses to total loans		1.29	%			1.28	%
Non-performing assets to total assets		0.64	%			0.72	%
Allowance for credit losses to non-performing loans		153.34	%			134.21	%
Non-performing asset analysis
Nonaccrual loans	$	27,555			$	30,834
Restructured loans		-				14
Other real estate owned		-				-
90+ Days Past Due, Still Accruing		94				462
Total	$	27,649			$	31,310

19

Supplemental Financial Information
(Unaudited - dollars in thousands except share data)
	September 30,				June 30,				March 31,				December 31,				September 30,
End of Period Balances	2026				2026				2026				2025				2025
Assets
Cash and due from banks	$	67,710			$	61,743			$	83,525			$	77,320			$	62,766
Investment in time deposits		3,165				4,125				2,880				1,165				735
Investment securities		640,217				670,179				682,462				684,600				657,189
Loans held for sale		3,548				8,508				6,940				7,180				8,012
Loans and leases		3,292,923				3,254,904				3,229,667				3,270,046				3,095,994
Allowance for credit losses		(42,397	)			(41,713	)			(40,536	)			(42,020	)			(40,254	)
Net Loans		3,250,526				3,213,191				3,189,131				3,228,026				3,055,740
Other securities		26,829				28,957				25,144				25,942				27,901
Premises and equipment, net		37,026				37,417				39,055				40,611				40,910
Goodwill and other intangibles		141,270				142,018				142,774				143,538				132,276
Bank owned life insurance		64,355				63,942				63,543				63,153				62,756
Other assets		70,280				64,218				62,868				64,918				65,049
Total Assets	$	4,304,926			$	4,294,298			$	4,298,322			$	4,336,453			$	4,113,334
Liabilities
Total deposits	$	3,477,679			$	3,458,243			$	3,501,890			$	3,466,464			$	3,230,463
Federal Home Loan Bank advances - short term		122,500				123,500				100,000				175,000				232,000
Federal Home Loan Bank advances - long term		466				561				739				855				970
Subordinated debentures		104,359				104,317				104,276				104,234				104,213
Other borrowings		2,640				3,121				3,594				4,090				4,699
Accrued expenses and other liabilities		44,541				37,771				35,580				42,336				41,961
Total liabilities		3,752,185				3,727,513				3,746,079				3,792,979				3,614,306
Shareholders' Equity
Common shares		421,097				420,922				420,488				419,769				388,458
Retained earnings		273,891				261,615				251,041				239,784				230,798
Treasury shares		(78,299	)			(76,082	)			(76,082	)			(75,764	)			(75,760	)
Accumulated other comprehensive loss		(63,948	)			(39,670	)			(43,204	)			(40,315	)			(44,468	)
Total shareholders' equity		552,741				566,785				552,243				543,474				499,028
Total Liabilities and Shareholders' Equity	$	4,304,926			$	4,294,298			$	4,298,322			$	4,336,453			$	4,113,334
Shares outstanding at period end		20,712,013				20,794,238				20,783,348				20,746,474				19,312,726
Book value per share	$	26.69			$	27.26			$	26.57			$	26.20			$	25.84
Equity to asset ratio		12.84	%			13.20	%			12.85	%			12.53	%			12.13	%

20

21

	September 30,				June 30,				March 31,				December 31,				September 30,
	2026				2026				2026				2025				2025
Selected asset quality ratios:
Allowance for credit losses to total loans		1.29	%			1.28	%			1.26	%			1.28	%			1.30	%
Non-performing assets to total assets		0.64	%			0.71	%			0.70	%			0.72	%			0.55	%
Allowance for credit losses to non-performing loans		153.34	%			136.69	%			134.37	%			134.21	%			176.52	%
Non-performing asset analysis
Non-accrual loans	$	27,555			$	29,865			$	29,400			$	30,834			$	22,615
Restructured loans		-				549				538				14				12
90+ Days Past Due, Still Accruing		94				103				229				462				177
Other real estate owned		-				-				-				-				-
Total	$	27,649			$	30,517			$	30,167			$	31,310			$	22,804

Supplemental Financial Information
(Unaudited - dollars in thousands except share data)
	September 30,				June 30,				March 31,				December 31,				September 30,
Quarterly Average Balances	2026				2026				2026				2025				2025
Assets:
Earning assets	$	3,993,704			$	3,992,950			$	4,003,144			$	3,939,580			$	3,829,484
Securities		687,596				696,076				718,037				694,263				676,938
Loans		3,274,016				3,243,955				3,252,342				3,197,327				3,128,033
Liabilities and Shareholders' Equity
Total deposits	$	3,457,728			$	3,484,685			$	3,461,202			$	3,424,018			$	3,237,025
Interest-bearing deposits		2,738,496				2,781,645				2,765,773				2,717,751				2,574,153
Other interest-bearing liabilities		235,194				216,181				257,599				256,899				383,305
Total shareholders' equity		566,853				561,101				553,940				525,673				472,993

22

Supplemental Financial Information
(Unaudited - dollars in thousands)
	September 30,				June 30,				March 31,				December 31,				September 30,
End of period loan and lease balances	2026				2026				2026				2025				2025
Commercial and Agriculture	$	316,162			$	315,479			$	310,400			$	308,692			$	302,407
Commercial Real Estate:
Owner Occupied		387,946				389,434				390,786				385,547				384,176
Non-owner Occupied		1,228,232				1,229,731				1,232,781				1,239,017				1,216,031
Residential Real Estate		982,843				957,960				943,425				944,328				842,362
Real Estate Construction		280,900				265,488				254,254				285,137				278,163
Farm Real Estate		31,815				32,440				32,700				37,775				23,713
Lease financing receivable		36,365				32,665				32,693				35,103				38,960
Consumer and Other		28,660				31,707				32,628				34,447				10,182
Total Loans	$	3,292,923			$	3,254,904			$	3,229,667			$	3,270,046			$	3,095,994

Supplemental Financial Information
(Unaudited - dollars in thousands)
	September 30,				June 30,				March 31,				December 31,				September 30,
End of period deposit balances	2026				2026				2026				2025				2025
Noninterest-bearing demand	$	725,403			$	695,142			$	703,778			$	702,032			$	651,934
Interest-bearing demand		378,326				380,752				419,295				400,403				415,620
Savings and money market		1,286,927				1,271,089				1,291,253				1,234,593				1,129,985
Time deposits		761,889				761,117				710,423				727,294				601,757
Brokered deposits		325,134				350,143				377,141				402,142				431,167
Total Deposits	$	3,477,679			$	3,458,243			$	3,501,890			$	3,466,464			$	3,230,463

23

Supplemental Financial Information
(Unaudited - dollars in thousands except share data)
	Three Months Ended
	September 30,				June 30,				March 31,				December 31,				September 30,
Income statement	2026				2026				2026				2025				2025
Total interest and dividend income	$	57,823			$	56,547			$	55,809			$	55,741			$	55,240
Total interest expense		18,393				17,954				17,986				19,290				20,695
Net interest income		39,430				38,593				37,823				36,451				34,545
Provision for credit losses		823				1,251				(768	)			724				378
Provision for unfunded commitments		472				519				139				(139	)			(178	)
Non-interest income		9,651				9,007				9,431				9,884				9,633
Non-interest expense		27,978				28,653				29,873				31,003				28,327
Income before taxes		19,808				17,177				18,010				14,747				15,651
Income tax expense		3,789				2,862				3,021				2,480				2,891
Net income	$	16,019			$	14,315			$	14,989			$	12,267			$	12,760
Net income available to common shareholders	$	16,019			$	14,315			$	14,989			$	12,267			$	12,760
Pre-Provision Net Revenue (PPNR)	$	21,103			$	18,947			$	17,381			$	15,332			$	15,851
Per share data
Earnings per common share
Basic
Net income	$	16,019			$	14,315			$	14,989			$	12,267			$	12,760
Less allocation of earnings and
dividends to participating securities		61				54				28				48				61
Net income available to common shareholders - basic	$	15,958			$	14,261			$	14,961			$	12,219			$	12,699
Weighted average common shares outstanding		20,775,467				20,786,101				20,745,499				20,185,285				18,767,307
Less average participating securities		78,903				79,006				39,169				90,281				91,743
Weighted average number of shares outstanding used to calculate basic earnings per share		20,696,564				20,707,095				20,706,330				20,095,004				18,675,564
Earnings per common share
Basic	$	0.77			$	0.69			$	0.72			$	0.61			$	0.68
Diluted	$	0.77			$	0.69			$	0.72			$	0.61			$	0.68
Common shares dividend paid	$	3,743			$	3,741			$	3,732			$	3,283			$	3,283
Dividends paid per common share		0.18				0.18				0.18				0.17				0.17

24

	Three Months Ended
	September 30,				June 30,				March 31,				December 31,				September 30,
Selected financial ratios	2026				2026				2026				2025				2025
Return on average assets		1.48	%			1.34	%			1.41	%			1.14	%			1.22	%
Return on average equity		11.21	%			10.23	%			10.97	%			9.26	%			10.70	%
Return on average tangible common equity		14.95	%			13.72	%			14.64	%			12.72	%			15.03	%
Dividend payout ratio		23.34	%			26.14	%			24.91	%			27.97	%			25.00	%
Net interest margin (tax equivalent)		3.93	%			3.89	%			3.85	%			3.69	%			3.58	%
Effective tax rate		19.13	%			16.66	%			16.77	%			16.82	%			18.47	%

Supplemental Financial Information
(Unaudited - dollars in thousands)
	Three Months Ended
	September 30,				June 30,				March 31,				December 31,				September 30,
Non-interest income	2026				2026				2026				2025				2025
Service charges	$	1,835			$	1,889			$	1,714			$	1,706			$	1,667
Net loss on sale of debt securities		(1,571	)			-				-				-				-
Net gain (loss) on equity securities		99				140				33				120				255
Mortgage banking		1,085				950				1,005				1,092				1,018
ATM/Interchange fees		1,553				1,555				1,386				1,722				1,435
Wealth management fees		1,458				1,459				1,433				1,473				1,402
Leasing and commercial finance revenue		2,572				2,233				2,469				2,278				2,707
Bank owned life insurance		413				399				390				397				666
Swap fees		-				3				56				150				-
Other		2,207				379				945				946				483
Total non-interest income	$	9,651			$	9,007			$	9,431			$	9,884			$	9,633

25

Supplemental Financial Information
(Unaudited - dollars in thousands)
	Three Months Ended
	September 30,				June 30,				March 31,				December 31,				September 30,
Non-interest expense	2026				2026				2026				2025				2025
Compensation expense	$	15,484			$	15,737			$	16,229			$	14,526			$	15,161
Net occupancy expense		1,589				1,583				1,623				1,410				1,466
Contracted data processing		611				582				730				672				559
FDIC assessment		365				420				423				493				627
State franchise tax		629				599				554				343				536
Professional services		1,244				1,221				1,585				1,467				1,225
Equipment expense		1,560				1,720				2,089				2,032				2,205
ATM/Interchange expense		786				743				732				710				755
Marketing		543				542				478				410				391
Amortization of core deposit intangible		675				696				696				576				318
Software maintenance expense		1,465				1,235				1,475				1,411				1,480
Other		3,027				3,575				3,259				6,953				3,604
Total non-interest expense	$	27,978			$	28,653			$	29,873			$	31,003			$	28,327

26

Supplemental Financial Information
(Unaudited - dollars in thousands except share data)
		Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
Asset quality		2026				2026				2026				2025				2025
Allowance for credit losses:
Beginning of period		$	41,713			$	40,536			$	42,020			$	40,254			$	40,455
CECL Day 1 Adjustment FSB			-				-				-				1,960				-
Charge-offs			(1,698	)			(174	)			(806	)			(1,064	)			(662	)
Recoveries			1,559				100				90				146				83
Provision			823				1,251				(768	)			724				378
End of period		$	42,397			$	41,713			$	40,536			$	42,020			$	40,254
Allowance for unfunded commitments:
Beginning of period		$	3,894			$	3,375			$	3,236			$	3,375			$	3,553
Charge-offs			-				-				-				-				-
Recoveries			-				-				-				-				-
Provision			472				519				139				(139	)			(178	)
End of period		$	4,366			$	3,894			$	3,375			$	3,236			$	3,375
Ratios
Allowance to total loans			1.29	%			1.28	%			1.26	%			1.28	%			1.30	%
Allowance to nonperforming assets			153.34	%			136.69	%			134.37	%			134.21	%			176.52	%
Allowance to nonperforming loans			153.34	%			136.69	%			134.37	%			134.21	%			176.52	%
Nonperforming assets
Non-accrual loans		$	27,555			$	29,865			$	29,400			$	30,834			$	22,615
Restructured loans			-				549				538				14				12
90+ Days Past Due, Still Accruing			94				103				229				462				177
Total non-performing loans			27,649				30,517				30,167				31,310				22,804
Other Real Estate Owned			-				-				-				-				-
Total non-performing assets		$	27,649			$	30,517			$	30,167			$	31,310			$	22,804

27

		Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
Capital and liquidity		2026				2026				2026				2025				2025
Tier 1 leverage ratio			12.11	%			11.87	%			11.57	%			11.32	%			10.96	%
Tier 1 risk-based capital ratio			15.56	%			15.33	%			15.12	%			14.51	%			14.19	%
Total risk-based capital ratio			19.08	%			18.86	%			18.67	%			18.02	%			17.80	%
Tangible common equity ratio (1)			9.88	%			10.23	%			9.85	%			9.54	%			9.21	%
(1) See reconciliation of non-GAAP measures at the end of this press release.

Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)
	September 30,				June 30,				March 31,				December 31,				September 30,
	2026				2026				2026				2025				2025
Tangible Common Equity
Total Shareholder's Equity - GAAP	$	552,741			$	566,785			$	552,243			$	543,474			$	499,028
Less: Preferred Equity		-				-				-				-				-
Less: Goodwill and intangible assets		141,270				142,018				142,774				143,538				132,276
Tangible common equity (Non-GAAP)	$	411,471			$	424,767			$	409,469			$	399,936			$	366,752
Total Shares Outstanding		20,712,013				20,794,238				20,783,348				20,746,474				19,312,726
Tangible book value per share	$	19.87			$	20.43			$	19.70			$	19.28			$	18.99
Tangible Assets
Total Assets - GAAP	$	4,304,926			$	4,294,298			$	4,298,322			$	4,336,453			$	4,113,334
Less: Goodwill and intangible assets		141,270				142,018				142,774				143,538				132,276
Tangible assets (Non-GAAP)	$	4,163,656			$	4,152,280			$	4,155,548			$	4,192,915			$	3,981,058
Tangible common equity to tangible assets		9.88	%			10.23	%			9.85	%			9.54	%			9.21	%

28

Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
Efficiency ratio (non-GAAP):	2026				2025				2026				2025
Non-interest expense (GAAP)	$	27,978			$	28,327			$	86,504			$	82,935
Less: Amortization of intangible assets expense		675				318				2,067				988
Less: Acquisition related expenses		-				664				427				669
Non-interest expense (non-GAAP)	$	27,303			$	27,345			$	84,010			$	81,278
Net interest income (GAAP)	$	39,430			$	34,545			$	115,846			$	102,132
Plus: Taxable equivalent adjustment		599				618				1,817				1,861
Non-interest income (GAAP)		9,651				9,633				28,089				24,082
Add: Net losses on debt securities		(1,571	)			-				(1,571	)			-
Less: Net gains on equity securities		99				255				272				152
Less: Net gain insurance proceeds		1,771				-				1,771				-
Net interest income (FTE) plus non-interest income (non-GAAP)	$	49,381			$	44,541			$	145,280			$	127,923
Efficiency ratio (non-GAAP)		55.3	%			61.4	%			57.8	%			63.5	%

29

Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)
	Three Months Ended
	September 30,				June 30,				March 31,				December 31,				September 30,
Efficiency ratio (non-GAAP):	2026				2026				2026				2025				2025
Non-interest expense (GAAP)	$	27,978			$	28,653			$	29,873			$	31,003			$	28,327
Less: Amortization of intangible assets expense		675				696				696				576				318
Less: Acquisition related expenses		-				-				427				3,424				664
Non-interest expense (non-GAAP)	$	27,303			$	27,957			$	28,750			$	27,003			$	27,345
Net interest income (GAAP)	$	39,430			$	38,593			$	37,823			$	36,451			$	34,545
Plus: Taxable equivalent adjustment		599				606				612				620				618
Noninterest income (GAAP)		9,651				9,007				9,431				9,884				9,633
Add: Net losses on debt securities		(1,571	)			-				-				-				-
Less: Net gains on equity securities		99				140				33				120				255
Less: Net gain insurance proceeds		1,771				-				-				-				-
Net interest income (FTE) plus non-interest income (non-GAAP)	$	49,381			$	48,066			$	47,833			$	46,835			$	44,541
Efficiency ratio (non-GAAP)		55.3	%			58.2	%			60.1	%			57.7	%			61.4	%

30

Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)
	Three Months Ended
	September 30,				June 30,				March 31,				December 31,				September 30,
Net interest margin (non-GAAP):	2026				2026				2026				2025				2025
Net interest income (GAAP)	$	39,430			$	38,593			$	37,823			$	36,451			$	34,545
Tax-equivalent adjustment		599				606				612				620				618
Net interest income (tax-equivalent)		40,029				39,199				38,435				37,071				35,163
Average earning assets (GAAP)	$	3,993,704			$	3,992,950			$	4,003,144			$	3,939,580			$	3,829,484
Unrealized loss adjustment		52,295				46,706				41,288				46,944				62,947
Adjusted average earning assets		4,045,999				4,039,656				4,044,432				3,986,524				3,892,431
Net interest margin (Non-GAAP)		3.93	%			3.89	%			3.85	%			3.69	%			3.58	%

Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)
	Three Months Ended
	September 30,				June 30,				March 31,				December 31,				September 30,
Pre-Provision Net Revenue - PPNR (non-GAAP):	2026				2026				2026				2025				2025
Income before taxes (GAAP)	$	19,808			$	17,177			$	18,010			$	14,747			$	15,651
Add: Provision for credit losses		823				1,251				(768	)			724				378
Add: Provision for unfunded commitments		472				519				139				(139	)			(178	)
Pre-Provision Net Revenue (non-GAAP)	$	21,103			$	18,947			$	17,381			$	15,332			$	15,851

31

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