Civista (CIVB) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, June 2, 2026 astatine 10:13 AM CDT 29 min read

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DATE

April 22, 2026, astatine 1 p.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Dennis Shaffer

• Executive Vice President and Bank President — Charles Parcher

• Senior Vice President and Chief Operating Officer — Richard Dutton

• Senior Vice President and Chief Financial Officer — Ian Whinnem

• Senior Vice President — Michael Mulford

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Full Conference Call Transcript

Dennis Shaffer: Good afternoon. This is Dennis Shaffer, President and CEO of Civista Bancshares, and I would similar to convey you for joining america for our archetypal 4th 2026 net call. I'm joined contiguous by Chuck Parcher, EVP of the institution and President of the bank; Rich Dutton, SVP of the institution and Chief Operating Officer; Ian Whinnem, SVP of the institution and Chief Financial Officer; and different members of our enforcement team. This morning, we reported nett income for the archetypal 4th of $15 cardinal oregon $0.72 per diluted share, which represents a $4.8 cardinal oregon 47% summation implicit our archetypal 4th of 2025 and a $2.7 cardinal oregon 22% summation implicit our linked quarter.

This besides represented an summation successful pre-provision nett gross of $3.8 cardinal oregon 29% implicit our archetypal 4th successful 2025 and a $3.2 cardinal oregon 3.8% summation implicit our linked quarter. Our archetypal 4th highlights see the palmy completion of the halfway strategy conversion of the Farmers Savings Bank that we acquired during the 4th fourth of 2025. As a result, our archetypal 4th net see what should beryllium the past expenses associated with the acquisition. These onetime expenses impacted our archetypal 4th nett income by astir $400,000 oregon $0.02 per communal share. For the quarter, halfway deposit backing accrued organically by implicit $60 million. This allowed america to trim brokered deposits by $25 million.

This represents the sixth consecutive 4th successful which we reduced the brokered funding. Our nett involvement borderline expanded by 16 ground points to 3.85% arsenic we continued our disciplined attack to managing our plus pricing and backing costs. Our earning plus output for the 4th accrued by 5 ground points implicit our linked 4th to 5.66%. Our outgo of funds was 1.96% for the quarter, down 35 ground points from the archetypal 4th of 2025 and 12 ground points from the linked quarter, portion our outgo of deposits was 1.81%, down 19 ground points year-over-year and 11 ground points sequentially.

Our diminution successful backing outgo was mostly attributable to $125 cardinal of brokered CDs that matured successful precocious December that carried a weighted mean complaint of 4.23%. And we were capable to regenerate and trim these mature and brokered CDs with $100 cardinal successful brokered CDs with a weighted mean complaint of 3.87%, representing a savings of 36 ground points successful summation to reducing the magnitude of brokered funding. Net involvement income for the 4th was $37.8 million, which represents an summation of $5.1 cardinal oregon 15% compared to the archetypal 4th of 2025 and an summation of $1.4 cardinal oregon 4% compared to our linked quarter.