On this page of StockholderLetter.com we present the latest annual shareholder letter from CIVISTA BANCSHARES, INC. — ticker symbol CIVB. Reading current and past CIVB letters to shareholders can bring important insights into the investment thesis.

 •  4/7/2026 Letter Continued (Full PDF)
 •  3/15/2023 CIVB Stockholder Letter
 •  3/14/2024 CIVB Stockholder Letter
 •  3/10/2025 CIVB Stockholder Letter
 •  More "Banking & Savings" Category Stockholder Letters
 •  CIVB Benford's Law Stock Score = 100

CIVB Shareholder/Stockholder Letter Transcript:

Financial Summary
Three-Year Condensed
Consolidated Financial Summary
2025
2024
2023




















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Earnings
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                  W      
Balances

Performance Ratios
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Vision
Working together to be the community   s trusted financial provider.
Mission
To improve the financial lives of our customers, employees and shareholders,
to make a difference in the communities we serve.

Letter from
the CEO
A Message from
Dennis G. Sha   er, President and
Chief Executive O   cer, Civista
Bancshares, Inc.
d                                                                                      
employees:
I am pleased to present to you the annual report for
Civista Bancshares, Inc. for the year ending December

performance while strengthening our balance sheet and
                               d                                                            
and deposit strategies, and steady improvement in our
Our focus throughout 2025 was clear: grow core
deposits, maintain pricing discipline, improve
                                                                          d                            
allowed us to build on the momentum we generated in
an even stronger future.
Financial Performance
In 2025, we reported net income of $46.2 million or $2.64
per diluted share, compared to $31.7 million, or $2.01 per
                                            d                                                                   

completed in November.
For the year ending, December 31, 2025, net interest
margin increased 40 basis points to 3.61%, compared to
3.21% for the same period a year ago. Deposit balances
2025 Annual Report | Civista Bancshares | 1

for the year grew by $254.6 million, or 7.9%. This
allowed us to reduce our reliance on more expensive
result, at year end, our deposit costs of 196 basis
points and funding costs of 225 basis points, were 17
For the year, loan and lease balances grew by $188.8
million, or 6.1%, with much of the growth coming
                                                  K                                                

31, 2025, is 1.28%, compared to 1.29% at December
                  t                                                                       

d                                                                                        
interest expense was up $1.4 million or 1.3%,
compared to the same period a year ago. However,

expense actually decreased $2.4 million, or 2.1%.
2 | Focused On You | Letter from the CEO
As a result of controlling expenses and increased

reported a year ago.
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Capital O   ering

aggregate gross proceeds of approximately $80 million.
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purposes.
The capital strengthens our balance sheet
and should allow us to grow organically at a
faster pace as it reduces our commercial real

                                                                           d     
                                                      d                          
was below some of the higher performing peer
                                           d                                    


Farmers Savings Bank Merger

Spencer and Wellington, Ohio. We found the
deal strategically compelling as it strengthened
our presence in northeast Ohio, enhanced our
                                        d                                          


Ohio, and across Civista   s footprint. Farmers had

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with shared values, deep local roots, and a
commitment to personal service.
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conversion was successfully completed in
&                          d                                                          

2025 Annual Report | Civista Bancshares | 3

4/7/2026 Letter Continued (Full PDF)

 

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