Brendan Nosal

Manuel Navas

Justin Crowley

Terence McEvoy

Ryan Payne

Terry McEvoy

Timothy Switzer

Tim Switzer

Daniel Cardenas

Emily Lee

Terence James McEvoy

Timothy Jeffrey Switzer

- 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.  **[0000944745_2201074_1]** 
- 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**.  **[0000944745_2201074_1]** 
- 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.  **[0000944745_2201074_1]**  The **net interest margin** is anticipated to expand by about **five basis points in Q4** with the addition of Farmers Savings Bank.  **[0000944745_2201074_5]** 
- 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.  **[0000944745_2201074_4]** 
- 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**.  **[0000944745_2201074_3]**

Civista Bancshares Reports Strong Q3 2025 Earnings and Provides Merger 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.  **[0000944745_2201295_1]** 
- 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**.  **[0000944745_2201295_1]** **[0000944745_2201295_5]** 
- 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%**.  **[0000944745_2201295_1]** **[0000944745_2201295_4]** 
- Regulatory approval was secured for the merger of Farmers Savings Bank, with the transaction expected to close **before mid-November**.  **[0000944745_2201295_1]** **[0000944745_2201295_8]** 
- 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**.  **[0000944745_2201295_2]** **[0000944745_2201295_3]**

Civista Bancshares Reports Strong Q3 2025 Earnings and Provides Outlook

- **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.  **[944745_0001193125-25-239134_civb-20251014.htm:0]** **[944745_0001193125-25-239134_civb-ex99_1.htm:0]** 
- 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.  **[944745_0001193125-25-239134_civb-ex99_1.htm:0]** 
- The system conversion for the combined organization is expected to take place in the **first quarter of 2026**.  **[944745_0001193125-25-239134_civb-ex99_1.htm:0]** 
- Civista Bancshares is a **$4.2 billion** financial holding company, while The Farmers Savings Bank is a **$285 million** commercial bank.  **[944745_0001193125-25-239134_civb-20251014.htm:0]** **[944745_0001193125-25-239134_civb-ex99_1.htm:0]**

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

- **Civista Bancshares, Inc.** (CIVB) and **The Farmers Savings Bank** have received all required regulatory approvals for their proposed merger.  **[944745_20251014CL97531:0]** 
- The transaction is expected to **close in November 2025**, pending Farmers shareholder approval at a meeting on **November 4, 2025**.  **[944745_20251014CL97531:0]** 
- The system conversion for the integration of Farmers into Civista Bank is anticipated in the **first quarter of 2026**.  **[944745_20251014CL97531:0]** 
- 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.  **[944745_20251014CL97531:0]**

Civista Bancshares and Farmers Savings Bank Receive Regulatory Approvals for Merger

- Civista Bancshares, Inc. reported **Second-Quarter 2025 Financial Results** with **$0.71 per Common Share**, representing a **58%** increase from Second-Quarter 2024.  **[944745_0001193125-25-203738_civb-ex99_2.htm:0]**  The company's net interest margin was **3.64%** in Q2 2025, up from **3.09%** in Q2 2024.  **[944745_0001193125-25-203738_civb-ex99_1.htm:2]** **[944745_0001193125-25-203738_civb-ex99_1.htm:7]** 
- The company announced an agreement to acquire **The Farmers Savings Bank**, with the acquisition anticipated to close in **Q4 2025**.  **[944745_0001193125-25-203738_civb-ex99_2.htm:0]**  This strategic move is expected to result in **high single-digit EPS accretion** and a combined asset base of **$4.5 billion**.  **[944745_0001193125-25-203738_civb-ex99_1.htm:2]** 
- 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**.  **[944745_0001193125-25-203738_civb-ex99_2.htm:0]**  This capital raise immediately reduced overnight borrowings, generating interest expense savings of approximately **$800K per quarter**.  **[944745_0001193125-25-203738_civb-ex99_2.htm:0]** 
- 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%**.  **[944745_0001193125-25-203738_civb-ex99_1.htm:4]**  Proforma capital ratios, following the Farmers acquisition and capital raise, show a Tangible Common Equity / Tangible Assets of **8.6%**.  **[944745_0001193125-25-203738_civb-ex99_1.htm:4]**

CIVISTA BANCSHARES (CIVB)