Civista Bancshares, Inc. Announces Fourth-Quarter and Full-Year 2025 Financial Results

SANDUSKY, Ohio — January 29, 2026 — Civista Bancshares, Inc. (NASDAQ: CIVB) (“Civista” or the “Company”) today released its financial results for the fourth quarter and full year ended December 31, 2025. The results reflect significant growth in net income, continued efficiency improvements, and strategic expansion through acquisition activity.

Fourth-Quarter 2025 Financial Highlights

For the quarter ending on December 31, 2025, Civista reported net income of $12.3 million, or $0.61 per diluted common share. This quarterly performance represents a 24% increase in net income compared to the same period in 2024, when the company reported $9.9 million. The results also compare favorably with the third quarter of 2025, when net income was $12.8 million.

Although diluted earnings per share were slightly lower than the $0.63 reported in Q4 2024 and the $0.68 reported in Q3 2025, Civista’s quarter reflects strong operating momentum and disciplined financial execution.

Operational and Efficiency Metrics

• Efficiency ratio improved to 57.7%, down from 68.3% in Q4 2024 and 61.4% in Q3 2025, marking the sixth consecutive quarter of decreasing efficiency ratio.
• Cost of funds decreased to 208 basis points, compared with 242 basis points in Q4 2024 and 227 basis points in Q3 2025.
• Deposit growth increased by 7.9% since December 31, 2024, including the impact from the acquisition.
• Loan and lease balances grew by 6.1%, also reflecting acquisition impact.

Full-Year 2025 Performance

Civista delivered robust annual results with net income for the year ending December 31, 2025 of $46.2 million, or $2.64 per diluted common share. These figures significantly outpaced the full-year 2024 results, which totaled $31.7 million in net income and $2.01 per share, representing a 46% increase in net income and a 31% increase in diluted earnings per share.

Results for the full year included non-recurring adjustments tied to merger and system conversion activities that slightly reduced net income. These adjustments affected the year’s pre-tax and after-tax income by $3.2 million and $2.7 million, respectively, and about $0.15 per share.

Strategic Acquisition — Expanding the Business

During the fourth quarter of 2025, Civista completed its acquisition of The Farmers Savings Bank (FSB). This transaction added approximately:

• $268.1 million in assets
• $106.2 million in loans and leases
• $236.1 million in deposits

Integration of FSB is progressing as expected, with the core system conversion scheduled for completion in February 2026. The acquisition expands Civista’s footprint into Northeast Ohio and strengthens its competitive presence in key markets.

CEO Commentary

Dennis G. Shaffer, President and CEO of Civista, noted that the company’s financial results reflect “solid operating momentum, disciplined growth, and the increasing value we're driving across our markets.” He emphasized that 2025 was a pivotal year, marked by strategic expansion, improved capital flexibility, and continued commitment to customers and communities.

Shaffer added that disciplined underwriting and strong credit quality remain central to Civista’s long-term strategy, equipping the bank to navigate a challenging economic environment while continuing to serve families and businesses across its service areas.

Outlook and Investor Relations

Civista has scheduled a conference call to discuss its fourth-quarter and full-year results on Thursday, January 29, 2026 at 1:00 p.m. ET. The live webcast will be available through the company’s Investor Relations section at www.civb.com and can also be accessed by phone. The webcast archive will remain available for one year.

About Civista Bancshares, Inc.

Civista Bancshares, Inc. is a financial holding company headquartered in Sandusky, Ohio, with approximately $4.3 billion in assets. Its primary subsidiary, Civista Bank, was founded in 1884 and offers a full suite of banking, lending and wealth management services. Civista operates multiple branches across Ohio, Southeastern Indiana, and Northern Kentucky, and also provides commercial equipment leasing services nationwide. Its common shares trade on NASDAQ under the symbol “CIVB.”

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