Q1 2026 Civista Bancshares Inc Earnings Call Transcript

Apr 22, 2026 / 05:00 PM GMT

Release Date Price: $24.58 (+3.41%)

Transcript 8-K

Key Points

Positve

Civista Bancshares Inc (CIVB) reported a significant increase in net income for the first quarter of 2026, with a 47% rise over the same period in 2025.
The company successfully completed the core system conversion of Farmer Savings Bank, which was acquired in the fourth quarter of 2025.
Civista Bancshares Inc (CIVB) achieved a net interest margin expansion of 16 basis points to 3.85%, reflecting disciplined asset pricing and funding cost management.
Core deposit funding increased organically by over $60 million, allowing a reduction in brokered deposits by $25 million.
The company announced a quarterly dividend of $0.18 per share and renewed its stock repurchase program, authorizing management to repurchase up to $25 million in outstanding common shares.

Negative

Non-interest income declined by $453,000 or 4.6% from the linked-quarter, primarily due to a decline in card fees.
Despite strong loan production, loan balances were down due to significant payoffs, which offset new loan production.
Non-interest expense increased by $2.7 million or 10% over the prior year, driven by higher compensation expenses and increased FTE employees.
The company experienced a reduction in total loans during the quarter, although loan demand remains solid.
Civista Bancshares Inc (CIVB) has a securities portfolio with $49 million or approximately 7% of unrealized losses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CIVB.OQ - Civista Bancshares Inc
Q1 2026 Civista Bancshares Inc Earnings Call
Apr 22, 2026 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Before we begin, I would like to remind you that this conference call may contain forward-looking statements with respect to the future performance and financial condition of Civista Bancshares Inc. That involve risks and uncertainties.

Various factors could cause actual results to be materially different from any future results expressed or implied by such forward-looking statements.

These factors are discussed in the company's SEC filings, which are available on the company's website. The company disclaims any obligation to update any forward-looking statements made during the call.

Additionally, management may refer to non-GAAP measures, which are intended to supplement, but not substitute, the most

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