Civista Bancshares Reports 25.5% Rise in Third Quarter Net Income

Sandusky, Ohio, October 22, 2026: Civista Bancshares, Inc. reported net income of $16.0 million for the quarter ended September 30, 2026, a 25.5% increase from $12.8 million in the third quarter of 2025. The company, listed on the Nasdaq as CIVB, also reported diluted earnings per common share of $0.77 for the period, up from $0.68 a year earlier. These results reflect the inclusion of The Farmers Savings Bank merger, which closed on November 7, 2025.

Pre-Provision Net Revenue for the third quarter of 2026 reached $21.1 million, compared to $15.9 million in the third quarter of 2025 and $18.9 million in the second quarter of 2026. The net interest margin expanded by 35 basis points year-over-year to 3.93%, while the cost of funds declined by 30 basis points to 197 basis points. Net interest income increased by $4.9 million, or 14.1%, compared to the same period in 2025, driven by lower borrowing costs and disciplined deposit pricing.

Total loans increased by $38.0 million, or 1.2%, during the third quarter of 2026 relative to the second quarter of 2026. Residential real estate loans grew by $24.9 million since June 30, 2026, reflecting continued strength in residential lending activity. Real estate construction loans increased by $15.4 million over the same period. Total assets stood at $4.3 billion at September 30, 2026, up $10.6 million from June 30, 2026.

Total deposits were $3.5 billion at September 30, 2026, an increase of $19.4 million from June 30, 2026. Noninterest-bearing demand deposits rose by $30.3 million from June 30, 2026, primarily due to growth in business commercial and public fund deposits. Brokered deposits decreased by $25.0 million during the third quarter and have declined by $77.0 million since year-end 2025 as Civista continues to optimize its funding mix.

Credit quality metrics remained stable, with non-performing assets declining to $27.6 million and net charge-offs totaling $0.1 million for the quarter, compared to $0.6 million in the third quarter of 2025. The allowance for credit losses on loans was equal to 1.29% of total loans. The efficiency ratio improved to 55.3% for the third quarter of 2026 from 61.4% in the third quarter of 2025.

Chuck Parcher, President and Chief Executive Officer of Civista Bancshares, Inc., stated that the results reflect the strength of the franchise and disciplined balance sheet management. The company declared a quarterly cash dividend of $0.18 per share, consistent with the second quarter of 2026.