Civista Bancshar SEC Filings

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.

Civista Bancshares, Inc. reported a Schedule 13G/A amendment showing Wellington-affiliated entities collectively beneficially own 1,337,588 shares of Common Stock, representing 6.45% of the class. The filing attributes shared voting and dispositive power to the Wellington groups and lists related holding and adviser entities.

Civista Bancshares, Inc. reported net income of $14.989 million for the quarter ended March 31, 2026, up from $10.168 million a year earlier. Basic and diluted earnings per share were $0.72, compared with $0.66.

Net interest income rose to $37.823 million from $32.773 million, helped by higher loan and securities income and lower funding costs on Federal Home Loan Bank advances. The company recorded a $0.768 million release of credit loss reserves on loans versus a $1.248 million provision in 2025, as total loans decreased by $40.4 million.

Noninterest income increased to $9.431 million, led by stronger gains on loan sales and higher service and other fees, while noninterest expenses rose to $29.873 million, mainly from compensation and software costs. Comprehensive income was affected by a $2.889 million other comprehensive loss driven by unrealized declines on available-for-sale securities and swap valuations.

Total assets were $4.298 billion, with loans of $3.230 billion and deposits of $3.502 billion. Shareholders’ equity increased to $552.243 million, supported by retained earnings, despite a larger accumulated other comprehensive loss of $43.204 million.

Civista Bancshares, Inc. is sharing its first quarter 2026 investor presentation in connection with its appearance at the D.A. Davidson 29th Annual Financial Institutions Conference. The presentation highlights a community bank franchise with $4.3 billion in total assets and diversified revenue streams across commercial, retail, wealth, mortgage, and equipment leasing.

For 1Q 2026, Civista reports net interest margin of 3.85%, return on average assets of 1.41%, and return on average equity of 10.97%. Net income was $15 million, reflecting 47% year-over-year growth, supported by low-cost core deposits and expansion from recent acquisitions, including FSB. Tangible book value per share rose to $19.70, and the quarterly dividend was $0.18, implying a 3.16% yield and a 24.9% payout ratio.

The balance sheet shows gross loans and leases of $3.23 billion and total deposits of $3.50 billion, with a loan-to-deposit ratio of 92.2%. Credit quality metrics remain solid, while capital ratios, including a 9.85% tangible common equity to tangible assets ratio, underpin ongoing dividends and a strategy of disciplined, earnings-accretive mergers and acquisitions.

Civista Bancshares, Inc. director Mark J. Macioce reported a disposition of common shares back to the company. On April 28, 2026, he returned 250 shares of Civista common stock to the issuer at $25.23 per share in a non-derivative transaction coded as a disposition to the issuer.

After this transaction, one directly held account shows 390 shares, and a separate direct holding shows 2,963.677 shares. The filing records these as direct ownership positions and does not show any derivative securities.

CIVISTA BANCSHARES, INC. director Harry Singer reported updated holdings and an indirect disposition of Common Stock. An entity for which he serves as President, Sandusco Inc., disposed of 7,900 shares back to the issuer at $24.77 per share, leaving that indirect Sandusco position at zero shares.

After these updates, Singer’s reported holdings include 12,299.343 Common shares held directly, plus 1,075 shares in a SEP IRA and 1,875 shares in a Rollover IRA, both reported as indirect ownership.

Civista Bancshares, Inc. reported strong first‑quarter 2026 results, with net income of $15.0 million, up 47% from $10.2 million a year earlier. Diluted earnings per common share rose to $0.72, a 9% increase from $0.66 in first‑quarter 2025.

Performance was helped by the November 2025 Farmers Savings Bank merger, higher net interest income, and lower funding costs. The tax‑equivalent net interest margin expanded to 3.85% from 3.51%, while total deposits grew $35.4 million or 1.0% sequentially. Return on average assets improved to 1.41% from 1.00%.

The efficiency ratio improved to 60.1% from 64.9%, showing better cost efficiency despite a 10.1% rise in non‑interest expense, including about $0.4 million of non‑recurring acquisition‑related costs. Tangible book value per share reached $19.70, and the quarterly dividend was raised to $0.18 per share from $0.17.

Civista Bancshares, Inc. has declared a quarterly cash dividend of $0.18 per common share, the same level as the prior quarter. The dividend will be paid on May 19, 2026 to shareholders of record as of May 5, 2026.

The company expects this distribution to total approximately $3.7 million. Based on Civista’s closing stock price of $22.79 on March 31, 2026, the quarterly dividend equates to an annualized yield of 3.03%. Civista is a $4.3 billion financial holding company operating 44 banking locations across Ohio, Southeastern Indiana and Northern Kentucky.