Civista Bancshares (NASDAQ: CIVB) 2025 earnings climb 46% with higher ROE
Rhea-AI Filing Summary
Civista Bancshares, Inc. used its Annual Meeting to highlight stronger 2025 performance and long-term strategy. Total assets reached $4.3 billion, up from $4.1 billion, and full-year net income was $46.2 million, a 46% increase over 2024. Earnings per share rose to $2.64 from $2.01.
Profitability also improved, with net interest margin at 3.61%, about 40 basis points higher than 2024, and returns of 1.11% ROA and 10.28% ROE. The company completed the acquisition of The Farmers Savings Bank, increased its quarterly dividend to $0.18 in January 2026, and reaffirmed strategic priorities focused on growing core deposits, digital capabilities, technology-driven efficiency, and talent development.
Positive
- Strong earnings growth: 2025 net income reached $46.2 million, a 46% increase over 2024, with EPS rising from $2.01 to $2.64 and net interest margin expanding to 3.61%.
- Improved profitability metrics: ROA increased to 1.11% and ROE to 10.28% compared with 0.80% and 8.40% in 2024, signaling more efficient use of assets and equity.
- Capital return and growth: Quarterly dividend rose to $0.18 in January 2026, while total assets grew to $4.3 billion and the company closed the Farmers Savings Bank acquisition.
Negative
- None.
Insights
Civista shows materially stronger 2025 profitability with disciplined growth.
Civista Bancshares reports a notable upswing in earnings quality. Full-year net income of $46.2 million rose 46% versus 2024, while EPS increased from $2.01 to $2.64. Net interest margin expanded to 3.61%, indicating improved spread management in a challenging rate environment.
Asset growth to $4.3 billion from $4.1 billion and the acquisition of The Farmers Savings Bank, adding about $106 million of loans and $236 million of deposits, show measured balance sheet expansion. Credit quality is described as strong, with minimal delinquencies and charge-offs and an allowance at 1.28%, supporting lending resilience.
The dividend increase to $0.18 per quarter in January 2026 and improved ROA/ROE of 1.11% and 10.28% suggest greater capacity to return capital while funding growth. Subsequent disclosures may further detail how 2024–2027 strategic priorities translate into loan, deposit, and fee-income trends.
8-K Event Classification
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Key Terms
Net Interest Margin financial
ROA financial
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Non-GAAP Financial Measures financial
forward-looking statements regulatory
Allowance financial
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
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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).
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Item 7.01 Regulation FD Disclosure.
On May 19, 2026, Civista Bancshares, Inc. held its Annual Meeting of shareholders. The presentation material is attached hereto as Exhibit 99.1
The information in this Current Report on Form 8-K is being furnished under Item 7.01 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit 99.1 Annual Meeting presentation material
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.
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Civista Bancshares, Inc. |
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May 19, 2026 |
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/s/ Ian Whinnem |
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Ian Whinnem, |
Annual Shareholder Meeting May 19, 2026 NASDAQ: CIVB | civb.com | civista.bank WELCOME
FORWARD-LOOKING STATEMENTS Forward-Looking Statements. This presentation 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 presentation 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. Use of Non-GAAP Financial Measures. This presentation 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. 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 common share, provide a greater understanding of ongoing operations and enhance comparability of results with prior periods Sources of Information: Company Management and S&P Global Market Intelligence
President, CEO, and Chairman of Civista Bancshares, Inc. and CEO of Civista Bank DENNIS G. SHAFFER WELCOME & INTRODUCTIONS
BOARD OF DIRECTORS Dennis G. Shaffer Chairman, President, and CEO, Civista Bancshares, Inc. and CEO, Civista Bank Charles A. Parcher Executive Vice President, Civista Bancshares, Inc. and President, Civista Bank Darci L. Congrove CPA - Managing Director, GBQ Partners, LLC Mark J. Macioce President, Chief Information Officer MASCO Corporations Julie A. Mattlin Principal and Owner, DKMG Consulting, LLC. M. Patricia Oliver Retired Partner, Tucker, Ellis, LLP and Founder, The Oliver Consulting Group Clyde A. Perfect, Jr. President and CEO, Perfect North Slopes Harry Singer President and CEO, Sandusco, Inc. and ICM Distributing Company, Inc. Nathan E. Weaks President, Automatic Feed Company Lorina W. Wise Chief Human Resources Officer, Nationwide Children’s Hospital Gerald B. Wurm President, Wurm’s Woodworking Co. and Creative Plastics International
CHARLES PARCHER Corporate Secretary, Civista Bancshares, Inc. LANCE MORRISON Recording Secretary, Civista Bancshares, Inc. KAREN TERENZI Executive Vice President of Civista Bancshares, Inc. and President of Civista Bank
BRIAN FRANEY Vorys, Sater, Seymour and Pease, LLP TONY WEIS BetaNXT / DFIN REX MORGAN PLANTE MORAN, LLC
2026 ANNUAL MEETING NOTICE OF MEETING AFFIDAVIT 2025 MEETING MINUTES
PROPOSAL PRESENTATION PROPOSAL NO. 1: Election of 11 Directors to the Board of Civista Bancshares, Inc. PROPOSAL NO. 2: Approval by non-binding advisory vote of the compensation of Civista Bancshares, Inc.’s named Executive Officers as disclosed in the Proxy Statement. PROPOSAL NO. 3: Ratification of the appointment of Plante & Moran, PLLC as Civista Bancshares, Inc.’s independent accounting firm for the fiscal year ending December 31, 2026.
MANAGEMENT PRESENTATION President, CEO, and Chairman of Civista Bancshares, Inc. and CEO of Civista Bank DENNIS G. SHAFFER
2025 FINANCIAL PERFORMANCE Stock price $22.22 at 12/31/2025 from $21.04 at 12/31/2024 Dividend increase to $0.18 per quarter in January 2026 6th dividend increase since end of 2020 (64% increase) 6 research firms; target stock price range of $26-29. 1 rated as strong buy, 2 rated as buy, 3 rated as hold Acquired and converted The Farmers Savings Bank approx. $106 million of loans, $236 million of deposits
Total Ending Assets $4.3 Billion, up from $4.1 Billion EOY 2024 Full Year Net Income of $46.2 million 46% increase compared to Full Year 2024 EPS of $2.64 compared to $2.01 in Full Year 2024 Net Interest Margin of 3.61% 40 bps increase over Full Year 2024 ROA of 1.11% and ROE of 10.28% Compared to 0.80% and 8.40% in 2024 respectively 2025 FINANCIAL PERFORMANCE
2025 FINANCIAL PERFORMANCE Strong credit quality Minimal delinquencies and charge offs Allowance at 1.28%
MANAGEMENT PRESENTATION Executive Vice President of Civista Bancshares, Inc. and President of Civista Bank CHARLES PARCHER
Grow Relationships & Core Deposits Position Digital to Grow the Bank Invest in Talent & Culture to Drive the Strategic Plan Leverage Technology to Optimize Profitability Increase digital deposit account openings Implement enhanced fraud prevention tools Enhance data analytics tools Deepen existing relationships Execute small business initiative Increase # of relationships; and lifetime customer value Re-skill, up-skill, cross-skill current employees Continue to focus on culture that promotes success and growth for employees and organization Automate labor intensive processes with RPA (Robotics) Optimize capital through customer profitability tools STRATEGIC PRIORITIES 2024-2027
GROW RELATIONSHIPS & CORE DEPOSITS We remain focused on: Primary banking relationships Cross-selling across our product set Serving customers who value a relationship, not just a transaction Deeping existing relationships Attracting customers aligned with our model
POSITION DIGITAL TO GROW THE BANK We are investing in: Digital onboarding and account opening Improved customer experience Enhanced fraud prevention and security Automation to improve efficiency and accuracy
LEVERAGE TECHNOLOGY TO OPTIMIZE PROFITABILITY We will leverage automation and process improvement to: Reduce friction Improve scalability Enhance accountability Focus resources on customer-facing activity
INVEST IN TALENT & CULTURE TO DRIVE THE STRATEGIC PLAN We continue to invest in: Talent development Performance management Leadership depth A culture of accountability, collaboration, and engagement
CLOSING COMMENTS
THANK YOU We appreciate your confidence in our vision. NASDAQ: CIVB | civb.com | civista.bank
QUESTIONS & ANSWERS
PROPOSAL VOTING RESULT PROPOSAL NO. 1: Election of 11 Directors to the Board of Civista Bancshares, Inc. PROPOSAL NO. 2: Approval by non-binding advisory vote of the compensation of Civista Bancshares, Inc.’s named Executive Officers as disclosed in the Proxy Statement. PROPOSAL NO. 3: Ratification of the appointment of Plante & Moran, PLLC as Civista Bancshares, Inc.’s independent accounting firm for the fiscal year ending December 31, 2026.
Your trust and investment drives our success. THANK YOU! NASDAQ: CIVB | civb.com | civista.bank