CIVISTA BANCSHARES (CIVB) Company Report

Civista Bancshares, Inc. (CIVB) completed its merger with The Farmers Savings Bank on November 6, 2025, expanding its community banking footprint into Medina and Lorain Counties in Northeast Ohio.
The merger adds two new branches and approximately $236 million in low-cost deposits to Civista's portfolio.
As of September 30, 2025, the combined organization will have approximately $4.4 billion in total assets, $3.2 billion in net loans, and $3.5 billion in total deposits.
The aggregate consideration for the merger included $35,543,239 in cash and approximately 1,434,491 Civista common shares.

Nov 7, 2025, 12:00 PM

8-K

Civista Bancshares Completes Merger with The Farmers Savings Bank

CIVB

M&A

Civista Bancshares, Inc. (NASDAQ: CIVB) successfully completed its merger with The Farmers Savings Bank on November 6, 2025, expanding its presence into Medina and Lorain Counties, Ohio.
The merger adds two new branches and approximately $236 million in low-cost deposits to Civista's portfolio.
Based on financial data as of September 30, 2025, the combined organization will have approximately $4.4 billion in total assets, $3.2 billion in net loans, and $3.5 billion in total deposits.
The system conversion for the merged entity is scheduled for the first quarter of 2026.

Nov 6, 2025, 10:00 PM

Press Release

Civista Bancshares, Inc. Announces Q3 2025 Performance and Strategic Acquisition

CIVB

M&A

Earnings

Civista Bancshares, Inc. announced its participation in the Hovde Group Financial Services Conference from November 6–7, 2025, and the Piper Sandler Financial Services Conference from November 10–12, 2025.
The company reported strong financial performance for Q3 2025, with a net interest margin of 3.58% and an efficiency ratio of 61.4%. Year-to-date net income increased by $12.1 million to $33.9 million compared to the same period last year.
Civista Bancshares, Inc. announced the acquisition of The Farmers Savings Bank in July 2025, which is expected to close in Q4 2025, increasing combined assets to an estimated $4.5 billion.
The company maintains a strong capital position, bolstered by a successful $80.5 million common stock offering in July 2025. As of September 30, 2025, the Tier 1 risk-based capital ratio was 14.19%, and the total risk-based capital ratio was 17.80%.
Credit quality remains strong, with nonperforming loans as a percent of total loans at 0.74% in Q3 2025.

Nov 4, 2025, 12:00 PM

8-K

Civista Bancshares Reports Strong Q3 2025 Earnings and Provides Merger Update

CIVB

Earnings

M&A

Guidance Update

Civista Bancshares reported net income of $12.8 million, or $0.68 per diluted share, for the third quarter of 2025, marking a 53% increase over Q3 2024 and a 16% increase over the linked quarter.
The company completed a follow-on common stock offering in July, issuing approximately 3.78 million new shares and raising $80.5 million of new capital.
Regulatory approval was received for the merger of Farmers Savings Bank, with the shareholder meeting scheduled for November 4th and closing expected shortly thereafter, followed by a system conversion in early February 2026. The net interest margin is anticipated to expand by about five basis points in Q4 with the addition of Farmers Savings Bank.
The tangible common equity ratio increased to 9.21% at September 30, up from 6.7% at June 30, but is anticipated to decline to 8.6% post-Farmers acquisition.
Organic loan growth is projected to return to an annualized mid-single-digit range for Q4 and increase to mid to high single digits in 2026.

Oct 23, 2025, 5:00 PM

Transcript

Civista Bancshares Reports Strong Q3 2025 Earnings and Provides Outlook

CIVB

Earnings

M&A

Guidance Update

Civista Bancshares reported net income of $12.8 million, or $0.68 per diluted share, for Q3 2025, marking a 53% increase over the prior year's third quarter.
The company's net interest margin (NIM) was 3.58% for Q3 2025, and management anticipates an expansion of approximately 5 basis points in Q4.
A follow-on common stock offering in July raised $80.5 million through the issuance of 3.78 million new shares, strengthening the tangible common equity ratio to 9.21%.
Regulatory approval was secured for the merger of Farmers Savings Bank, with the transaction expected to close before mid-November.
Despite a $55.1 million decline in total loans and leases during Q3 2025 due to payoffs, the company projects organic loan growth to return to an annualized mid-single-digit range for Q4 and mid to high single digits in 2026.

Oct 23, 2025, 5:00 PM

Transcript

Civista Bancshares and Farmers Savings Bank Receive Regulatory Approvals for Proposed Merger

CIVB

M&A

Civista Bancshares, Inc. and The Farmers Savings Bank announced on October 14, 2025, that they have received all required bank regulatory approvals for the merger of Farmers with and into Civista Bank.
The merger is anticipated to close in November 2025, subject to approval by Farmers shareholders at a meeting scheduled for November 4, 2025, and other customary closing conditions.
The system conversion for the combined organization is expected to take place in the first quarter of 2026.
Civista Bancshares is a $4.2 billion financial holding company, while The Farmers Savings Bank is a $285 million commercial bank.

Oct 14, 2025, 9:00 PM

8-K

Civista Bancshares and Farmers Savings Bank Receive Regulatory Approvals for Merger

CIVB

M&A

Civista Bancshares, Inc. (CIVB) and The Farmers Savings Bank have received all required regulatory approvals for their proposed merger.
The transaction is expected to close in November 2025, pending Farmers shareholder approval at a meeting on November 4, 2025.
The system conversion for the integration of Farmers into Civista Bank is anticipated in the first quarter of 2026.
This merger involves Civista, a $4.2 billion financial holding company, acquiring Farmers, a $285 million commercial bank, to expand Civista's presence in Ohio.

Oct 14, 2025, 8:50 PM

Press Release

Civista Bancshares Reports Strong Q2 2025 Earnings and Announces Strategic Acquisition and Capital Raise

CIVB

Earnings

M&A

Civista Bancshares, Inc. reported Second-Quarter 2025 Financial Results with $0.71 per Common Share, representing a 58% increase from Second-Quarter 2024. The company's net interest margin was 3.64% in Q2 2025, up from 3.09% in Q2 2024.
The company announced an agreement to acquire The Farmers Savings Bank, with the acquisition anticipated to close in Q4 2025. This strategic move is expected to result in high single-digit EPS accretion and a combined asset base of $4.5 billion.
In July 2025, Civista Bancshares launched a public offering of common shares, raising an aggregate of $80.5 million from approximately 3.8 million common shares at a price of $21.25. This capital raise immediately reduced overnight borrowings, generating interest expense savings of approximately $800K per quarter.
As of June 30, 2025, Civista maintained a strong capital position with a Tier 1 risk-based capital ratio of 11.18% and a Total risk-based capital ratio of 14.73%. Proforma capital ratios, following the Farmers acquisition and capital raise, show a Tangible Common Equity / Tangible Assets of 8.6%.

Sep 15, 2025, 9:00 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for CIVISTA BANCSHARES.

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