EX-99.1

EXHIBIT 99.1

Civista Bancshares, Inc. Announces Second-Quarter 2026 Net Income of $14.3 million, up $3.3 million from Second-Quarter 2025

Sandusky, Ohio, July 23, 2026 /PRNewswire/– Civista Bancshares, Inc. (NASDAQ:CIVB) (“Civista”) today reported net income of $14.3 million, or $0.69 per common share, for the quarter ended June 30, 2026. The results of the periods presented include the impact of The Farmers Savings Bank ("FSB") merger since November 7, 2025.

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Net income for the second-quarter of 2026 of $14.3 million, a $3.3 million or 30.0% increase compared to $11.0 million for the second-quarter 2025, but down $0.7 million or 4.5% compared to $15.0 million for the first-quarter 2026.

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Net interest margin expanded 25 basis points year-over-year to 3.89% while cost of funds declined 37 basis points.

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Diluted earnings per common share were $0.69 for the second quarter of 2026, compared to $0.71 for the second quarter of 2025. The modest decrease primarily reflects the additional shares issued in connection with the FSB merger and common stock offering completed during the second-half of 2025.

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Pre-Provision Net Revenue (PPNR) for the second quarter of 2026 was $18.9 million, compared to $17.4 million in the first quarter of 2026 and $13.9 million for the second quarter of 2025.

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Cost of funds of 194 basis points for the second-quarter of 2026, 37 basis points lower than the 232 basis points cost of funds for the second-quarter of 2025, and 2 basis points lower than the 196 basis points in first-quarter 2026.

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Cost of deposits of 183 basis points for the second-quarter of 2026, down 13 basis points compared to 196 basis points in the second-quarter of 2025, but 2 basis points higher than the 181 basis points in the first-quarter of 2026.

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Brokered deposits declined $25.0 million linked quarter and $52.0 million since year-end 2025 as Civista continued optimizing its funding mix and reducing higher-cost funding sources.

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Total loans increased $25.2 million, or 0.8%, in the second quarter of 2026 compared to the first quarter of 2026.

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Return on Assets of 1.34%, compared to 1.06% for the second quarter of 2025.

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Leadership Transition: As previously announced, Dennis Shaffer will be retiring as President and Chief Executive Officer effective August 28, 2026. Chuck Parcher will succeed Shaffer as President and Chief Executive Officer, ensuring a planned and orderly leadership transition.

CEO Commentary:

"Civista delivered a strong second quarter and first half of 2026, reflecting continued execution of our strategy and the strength of our balance sheet," said Dennis Shaffer, President and Chief Executive Officer of Civista Bancshares, Inc. "During the quarter, net interest margin expanded, funding costs continued to improve, credit quality remained stable, and our efficiency ratio improved significantly from a year ago. These results demonstrate the benefits of disciplined balance sheet management and our ongoing focus on operational excellence."

"While the operating environment remains dynamic, our team continues to execute with a focus on prudent growth, sound risk management, strong customer relationships, and long-term shareholder value creation. We remain encouraged by the strength of our core banking franchise, the quality of our customer base, and the opportunities across our markets."

"This quarter also marks my final earnings release as Chief Executive Officer of Civista Bancshares. Serving our customers, communities, shareholders, and employees has been one of the great privileges of my career. I am deeply grateful to our employees for their dedication, to our Board of Directors for their guidance and support, and to our customers for the trust they have placed in Civista throughout the years."

"As we prepare for our leadership transition in August, I am confident that Civista's future is bright. Chuck Parcher is an exceptional leader who understands our culture, our markets, and our commitment to community banking. With a talented leadership team, a strong capital position, and a clear strategic direction, Civista is well positioned for continued growth and success in the years ahead."

Results of Operations:

For the three-month periods ended June 30, 2026, March 31, 2026 and June 30, 2025.

The results of the periods reflect the inclusion of FSB merger since November 7, 2025.

Second-Quarter 2026 Highlights

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Net income of $14.3 million, a $3.3 million or 30% increase compared to $11.0 million for the second quarter 2025, but down $0.7 million or 4.5% compared to the $15.0 million for the first quarter of 2026.

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Pre-Provision Net Revenue (PPNR) for the second quarter of 2026 was $18.9 million, compared to $17.4 million in the first quarter of 2026 and $13.9 million for the second quarter of 2025.

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Net interest margin (tax‑equivalent) expanded to 3.89% during the second quarter of 2026, increasing 25 basis points year‑over‑year, reflecting lower funding costs and disciplined balance‑sheet management.

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Net interest income of $38.6 million, up $3.8 million or 10.9% compared to the second quarter of 2025, and up $0.8 million or 2.0% compared to the first quarter of 2026.

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Total loans increased $25.2 million, or 0.8%, in the second quarter of 2026 compared to the first quarter of 2026.

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Brokered deposits declined $25.0 million linked quarter and $52.0 million since year-end 2025 as Civista continued optimizing its funding mix and reducing higher-cost funding sources.

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Efficiency ratio for the second quarter of 2026 was 58.2%, compared to 64.5% for the second quarter of 2025.

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Return on Assets of 1.34%, compared to 1.06% for the second quarter of 2025.

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Net charge-offs totaled $0.1 million during the quarter.

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Allowance for credit losses on loans / total loans of 1.28%.

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Tangible book value per share increased 6.0% from December 31, 2025, to $20.43 at June 30, 2026

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Declared a quarterly cash dividend of $0.18 per share, consistent with the first quarter 2026.

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Based on the June 30, 2026 closing share price of $28.22, the $0.18 quarterly dividend represents an annualized yield of 2.55% and a payout ratio of 26.14%.

Assets

Total assets at June 30, 2026, were $4.3 billion, unchanged from March 31, 2026.

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Loan and lease balances increased $25.2 million, or 0.8% since March 31, 2026.

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Real Estate Construction loans increased $11.2 million since March 31, 2026, mainly due to seasonal construction patterns that typically see their lowest activity in the first quarter and a ramp up in activity starting in the second quarter.

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Residential Real Estate increased $14.5 million since March 31, 2026 reflecting increased demand for new originations.

Deposits & Borrowings

Total deposits at June 30, 2026, were $3.5 billion, a decrease of $43.6 million, or 1.2% from March 31, 2026. Total deposits declined modestly due primarily to seasonal public fund fluctuations and continued reduction of higher-cost brokered deposits.

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Interest-bearing demand deposits decreased $38.5 million from March 31, 2026, primarily due to decreases of $29.0 million and $9.7 million in interest-bearing public funds and retail interest-bearing demand deposits, respectively, slightly offset by an increase of $1.7 million in jumbo demand deposits.

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Savings and money markets decreased $20.2 million from March 31, 2026, primarily due to decreases of $10.5 million, $10.2 million, and $4.6 million, in ICS money market deposits, retail money market deposits, and statement savings, respectively, slightly offset by an increase of $3.2 million in business money market deposits.

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Time deposits increased $50.7 million from March 31, 2026, primarily due to increases of $29.2 million, $16.3 million, and $5.7 million in jumbo CDs, retail CDs, and CDARS, respectively.

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Brokered deposits totaled $350.1 million at June 30, 2026, which included brokered certificates of deposit of $350.0 million and brokered money markets of $0.1 million. Brokered deposits decreased $25.0 million from March 31, 2026, reflecting management's continued efforts to reduce higher cost brokered deposits.

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FHLB short-term advances totaled $123.5 million on June 30, 2026, up $23.5 million from March 31, 2026.

Net Interest Income and Net Interest Margin

Net interest income increased $3.8 million, or 10.9%, for the second quarter of 2026, compared to the same period last year. In the second quarter of 2025, net interest income was increased by $1.6 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion.

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Interest income increased $0.3 million year over year, primarily reflecting growth in average interest‑earning assets, mostly offset by the non-recurring adjustment discussed above in the second quarter of 2025.

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Interest expense decreased $3.5 million year over year, mainly due to lower borrowing costs from reduced short‑term FHLB advances coupled with strategic time deposit pricing.

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Net interest margin increased 25 basis points to 3.89% for the second quarter of 2026, compared to 3.64% for the same period last year, reflecting disciplined deposit pricing, a reduced reliance on higher‑cost wholesale funding, and favorable repricing dynamics, partially offset by pressure from changes in asset mix.

Net interest income increased $8.8 million, or 13.1%, for the six months ended June 30, 2026, compared to the same period last year. For the six months ended June 30, 2025, net interest income was increased by $1.6 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion.

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Interest income increased $2.4 million for the six-months ended June 30, 2026, compared to the same period last year, attributed to average interest-earning assets increasing $176.4 million, slightly offset by a 10-basis point decrease in asset yield.

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Interest expense decreased $6.5 million for the six months ended June 30, 2026, compared to the same period last year. This was due to a 104-basis point reduction in higher cost short-term FHLB borrowings coupled with a 48-basis point drop in time deposits, mostly offset by $235.2 million average balance growth in interest-bearing deposits.

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Net interest margin increased 30-basis points to 3.87% for the six months ended June 30, 2026, compared to 3.57% for the same period last year.

Credit

Provision for credit losses (including provision for unfunded commitments) increased $0.8 million for the second quarter of 2026 to $1.8 million compared to $1.0 million for the same period last year.

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Civista recorded net charge-offs of $0.1 million for the second quarter of 2026 compared to net charge-offs of $1.0 million for the same period last year.

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The allowance for credit losses to loans ratio was 1.28% at June 30, 2026, compared to 1.28% at June 30, 2025, and 1.28% at December 31, 2025.

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The allowance for credit losses was $41.7 million at June 30, 2026, compared to $40.5 million at June 30, 2025, and $42.0 million at December 31, 2025.

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Non-performing assets at June 30, 2026, were $30.5 million, a decrease of $0.8 million or 2.6%, from December 31, 2025. The non-performing assets to assets ratio was 0.71% and 0.72% at June 30, 2026 and December 31, 2025, respectively.

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The allowance for credit losses to non-performing loans increased slightly to 136.8% at June 30, 2026, from 134.2% at December 31, 2025.

Non-interest Income

Non-interest income for the second quarter of 2026 totaled $9.0 million, an increase of $2.4 million or 36.7%, when compared to the same period last year. In the second quarter of 2025, noninterest income was reduced by $1.0 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion.

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Service charges increased $0.3 million for the second quarter of 2026, compared to the same period last year, primarily from higher business service charges and retail overdraft fees.

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Net gain on sale of loans increased $0.7 million for the second quarter of 2026, compared to the same period last year, due to favorable secondary market conditions resulting in higher sales volumes for both loans and leases.

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Lease revenue and residual income increased $0.9 million for the second quarter of 2026 compared to the same period last year due to the non-recurring adjustment discussed above. Excluding the non-recurring adjustment, lease revenue and residual income was relatively unchanged year-over-year.

Noninterest income totaled $18.4 million, an increase of $4.0 million or 27.6%, when compared to the same period last year. For the six months ended June 30, 2025, noninterest income was reduced by $1.0 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion.

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Service charges increased $0.5 million for the six months ended June 30, 2026, compared to the same period last year, primarily from higher business service charges and retail overdraft fees.

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Net gain on sale of loans increased $1.7 million for the six months ended June 30, 2026, compared to the same period last year. Secondary market sales volumes increased due to favorable secondary market conditions coupled with disciplined pricing strategies on both the loan and lease gain on sale margins.

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Lease revenue and residual income increased $0.6 million for the six months ended June 30, 2026, compared to the same period last year, due to the non-recurring adjustment discussed above. Excluding the non-recurring adjustment, lease revenue and residual income was down slightly year-over-year resulting from increased origination volume offset by lower residual income.

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Other income increased $0.6 million for the six months ended June 30, 2026, compared to the same period last year. Income from the Company's captive insurance subsidiary, CIVB Risk Management, recorded $0.5 million of income in the first quarter of 2026 related to the closure of three claims without payment, resulting in a reduction of ceded reserves.

Non-interest Expense

Non-interest expense for the second quarter of 2026 totaled $28.7 million, an increase of $1.2 million or 4.3%, when compared to the same period last year. In the second quarter of 2025, noninterest expense was reduced by $0.3 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion. These expenses are recorded in equipment expense of $0.1 million and other noninterest expense of $0.2 million.

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Compensation expense increased $0.7 million for the second quarter of 2026, compared to the same period last year, primarily due to increases in salaries and medical expenses associated with a higher number of full-time equivalent (FTE) employees year-over-year.

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The quarter-to-date average number of FTE employees was 549 at June 30, 2026, compared with an average number of 526 for the same period in 2025.

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FDIC assessment decreased $0.3 million for the second quarter of 2026, compared to the same period last year, mainly due to an improvement in Civista's risk-based assessment rate, reflecting favorable trends in regulatory ratios and supervisory metrics used in the FDIC's pricing methodology.

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Professional fees decreased $0.6 million for the second quarter of 2026, compared to the same period last year, mainly due to utilizing consultants in 2025 to assist in transitioning Civista Leasing and Finance Division to a new core processing system.

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Amortization of intangibles increased $0.4 million for the second quarter of 2026, compared to the same period last year due to the merger of FSB that closed in November 2025.

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The efficiency ratio was 58.2% for the quarter ended June 30, 2026, compared to 64.5% for the same period last year. The change in the efficiency ratio is primarily due to a 10.9% increase in net interest income and a 36.7% increase in non-interest income, slightly offset by a 4.3% increase in non-interest expenses.

Noninterest expense totaled $58.5 million, an increase of $3.9 million or 7.2%, when compared to the same period last year. For the six months ended June 30, 2026, noninterest expense was increased by $0.4 million from non-recurring adjustments related to acquisition expenses from the merger with FSB that closed in November 2025. These expenses are recorded in other noninterest expenses. For the six months ended June 30, 2025, noninterest expense was reduced by $0.3 million from non-recurring adjustments resulting from the Civista Leasing and Finance Division core system conversion. These expenses are recorded in equipment expense of $0.1 million and other noninterest expense of $0.2 million.

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Compensation expense increased $2.9 million for the six months ended June 30, 2026, compared to the same period last year, primarily due to increases in salaries and medical expenses associated with a higher number of full-time equivalent (FTE) employees year-over-year.

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The year-to-date average number of FTE employees was 548 at June 30, 2026, compared with an average number of 523 for the same period in 2025.

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FDIC assessment decreased $0.7 million for the six months ended June 30, 2026, compared to the same period last year, mainly due to an improvement in Civista's risk-based assessment rate, reflecting favorable trends in regulatory ratios and supervisory metrics used in the FDIC's pricing methodology.

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Professional fees decreased $1.1 million for the six months ended June 30, 2026, compared to the same period last year, mainly due to utilizing consultants to assist in transitioning Civista Leasing and Finance Division to a new core processing system.

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Amortization of intangibles increased $0.7 million for the six months ended June 30, 2026, compared to the same period last year due to the merger of FSB that closed in November 2025.

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The efficiency ratio was 59.1% for the six months ended June 30, 2026, compared to 64.7% for the same period last year. The change in the efficiency ratio is primarily due to a 13.1% increase in net interest income and a 27.6% increase in noninterest income, somewhat offset by a 7.2% increase in noninterest expenses.

Taxes

Civista’s effective income tax rate for the second quarter of 2026 was 16.7% compared to 14.6% for the same period last year.

Civista’s effective income tax rate for the six months ended June 30, 2026, was 16.7% compared to 14.7% in the same period last year.

Capital

Total shareholders’ equity at June 30, 2026, totaled $566.8 million, an increase of $23.3 million from December 31, 2025. This resulted from an increase of $21.8 million in retained earnings coupled with a decrease in accumulated other comprehensive loss of $0.6 million resulting from the change in the unrealized loss on available-for-sale securities portfolio.

Civista did not repurchase any shares in the first six months ended June 30, 2026, as the current repurchase plan is set to expire in April 2027. For the six months ended June 30, 2026, Civista liquidated 14,504 shares held by employees, at an average price of $21.94 per share, to satisfy tax obligations stemming from vesting of restricted shares.

Conference Call and Webcast

Civista Bancshares, Inc. will also host a conference call to discuss the Company's financial results for the second quarter of 2026 at 1:00 p.m. ET on Thursday, July 23, 2026. Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company's website, www.civb.com. Participants can also listen to the conference call by dialing 800-836-8184 and ask to be joined into the Civista Bancshares, Inc. second quarter 2026 earnings call. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection. An archive of the webcast will be available for one year on the Investor Relations section of the Company's website (www.civb.com).

About Civista Bancshares

Civista Bancshares, Inc., is a $4.3 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 44 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Bank also offers commercial equipment leasing services for businesses nationwide through its Civista Leasing and Finance Division. Civista Bancshares’ common shares are traded on the NASDAQ Capital Market under the symbol “CIVB”. Learn more at www.civb.com.

Forward Looking Statements

This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in Civista’s reports filed with the Securities and Exchange Commission, including those described in “Item 1A Risk Factors” of Part I of Civista’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and any additional risks identified in the Company’s subsequent Form 10-Q’s. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof. Civista does not undertake, and specifically disclaims any obligation, to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.

Non-GAAP Financial Measures

This press release and related materials may contain references to measures which are not defined in generally accepted accounting principles ("GAAP"). These financial measures have been included as they provide meaningful supplemental information to assess trends in the Corporation's results of operations. Certain non-GAAP financial measures discussed earlier in this release, including efficiency ratio, net interest margin, tangible book value per share, and related ratios, are identified in the accompanying financial tables. Management believes these measures are meaningful because they reflect adjustments commonly made by management, investors, regulators, and analysts to evaluate the adequacy of earnings per common share, provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

For additional information, contact:

Dennis G. Shaffer

CEO and President

Civista Bancshares, Inc.

888-645-4121


Average Balance Analysis
(Unaudited - Dollars in thousands)

	Three Months Ended June 30,
	2026								2025
	Average					Yield/			Average					Yield/
Assets:	balance			Interest		rate *			balance			Interest		rate *
Interest-earning assets:
Loans **	$	3,243,955		$	49,887		6.17	%	$	3,136,091			49,972		6.39	%
Taxable securities ***		417,924			3,908		3.51	%		404,104			3,751		3.42	%
Non-taxable securities ***		278,152			2,278		3.90	%		277,931			2,338		3.88	%
Interest-bearing deposits in other banks		52,919			474		3.59	%		23,243			210		3.61	%
Total interest-earning assets ***	$	3,992,950		$	56,547		5.67	%	$	3,841,369		$	56,271		5.84	%
Noninterest-earning assets:
Cash and due from financial institutions		34,901								40,329
Premises and equipment, net		38,277								44,687
Accrued interest receivable		14,267								13,919
Intangible assets		142,469								132,887
Bank owned life insurance		63,680								63,302
Other assets		52,725								59,948
Less allowance for loan losses		(40,734	)							(40,546	)
Total Assets	$	4,298,535							$	4,155,895

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Demand and savings	$	1,690,167		$	5,997		1.42	%	$	1,551,856		$	5,632		1.46	%
Time		1,091,478			9,897		3.64	%		986,644			9,926		4.04	%
Short-term FHLB borrowings		107,823			838		3.12	%		412,545			4,603		4.48	%
Long-term FHLB borrowings		644			5		2.85	%		1,260			8		2.57	%
Other borrowings		3,421			97		11.38	%		5,874			123		8.40	%
Subordinated debentures		104,293			1,120		4.31	%		104,145			1,165		4.49	%
Total interest-bearing liabilities	$	2,997,826		$	17,954		2.40	%	$	3,062,324		$	21,457		2.81	%
Non-interest-bearing deposits		703,040								652,092
Other liabilities		36,568								40,564
Shareholders' equity		561,101								400,915
Total Liabilities and Shareholders' Equity	$	4,298,535							$	4,155,895

Net interest income and interest rate spread				$	38,593		3.27	%				$	34,814		3.03	%

Net interest margin ***							3.89	%							3.64	%

* - Average yields are presented on a tax equivalent basis. The tax equivalent effect associated with loans and investments, included in the yields above, was $606 thousand and $622 thousand for the periods ended June 30, 2026 and 2025, respectively.
** - Average balance includes nonaccrual loans
*** - Average yield on investments were calculated by adjusting the average balances of taxable and nontaxable securities by unrealized losses of $46.7 million and $64.1 million, respectively. These adjustments were also made when calculating the yield on earning assets and the margin.


Average Balance Analysis
(Unaudited - Dollars in thousands)

	Six Months Ended June 30,
	2026								2025
	Average					Yield/			Average					Yield/
Assets:	balance			Interest		rate *			balance			Interest		rate *
Interest-earning assets:
Loans **	$	3,248,126		$	99,118		6.15	%	$	3,117,867		$	97,618		6.31	%
Taxable securities ***		425,301			7,862		3.50	%		400,518			7,306		3.37	%
Non-taxable securities ***		281,695			4,581		3.92	%		282,183			4,678		3.90	%
Interest-bearing deposits in other banks		42,898			795		3.71	%		21,081			402		3.84	%
Total interest-earning assets ***	$	3,998,020		$	112,356		5.67	%	$	3,821,649		$	110,004		5.77	%
Noninterest-earning assets:
Cash and due from financial institutions		37,004								41,758
Premises and equipment, net		39,128								45,541
Accrued interest receivable		14,232								13,744
Intangible assets		142,868								133,076
Bank owned life insurance		63,484								63,110
Other assets		52,206								59,271
Less allowance for loan losses		(41,196	)							(40,252	)
Total Assets	$	4,305,746							$	4,137,897

Liabilities and Shareholders' Equity:
Interest-bearing liabilities:
Demand and savings	$	1,672,887		$	11,427		1.38	%	$	1,565,328		$	11,360		1.46	%
Time		1,100,865			19,919		3.65	%		973,202			19,914		4.13	%
Short-term FHLB borrowings		128,127			2,186		3.44	%		384,224			8,532		4.48	%
Long-term FHLB borrowings		712			10		2.78	%		1,334			17		2.57	%
Other borrowings		3,666			169		9.32	%		6,150			268		8.78	%
Subordinated debentures		104,271			2,229		4.31	%		104,124			2,326		4.50	%
Total interest-bearing liabilities	$	3,010,528		$	35,940		2.41	%	$	3,034,362		$	42,417		2.82	%
Non-interest-bearing deposits		699,256								661,382
Other liabilities		38,422								43,174
Shareholders' equity		557,540								398,979
Total Liabilities and Shareholders' Equity	$	4,305,746							$	4,137,897

Net interest income and interest rate spread				$	76,416		3.26	%				$	67,587		2.95	%

Net interest margin ***							3.87	%							3.57	%

* - Average yields are presented on a tax equivalent basis. The tax equivalent effect associated with loans and investments, included in the yields above, was $1.2 million and $1.2 million for the periods ended June 30, 2026 and 2025, respectively.
** - Average balance includes nonaccrual loans
*** - 2026 and 2025 average yield on investments were calculated by adjusting the average balances of taxable and nontaxable securities by unrealized losses of $44.0 million and $61.6 million, respectively. These adjustments were also made when calculating the yield on earning assets and the margin.


Non-interest income
(unaudited - dollars in thousands)	Three months ended June 30,
	2026		2025			$ Change			% Change
Service charges	$	1,889	$	1,564		$	325			20.8	%
Net gain (loss) on equity securities		140		(74	)		214			289.2	%
Net gain on sale of loans and leases		1,501		841			660			78.5	%
ATM/Interchange fees		1,555		1,418			137			9.7	%
Wealth management fees		1,459		1,325			134			10.1	%
Lease revenue and residual income		1,404		525			879			167.4	%
Bank owned life insurance		399		386			13			3.4	%
Swap fees		3		53			(50	)		-94.3	%
Other		657		551			106			19.2	%
Total non-interest income	$	9,007	$	6,589		$	2,418			36.7	%


Non-interest income
(unaudited - dollars in thousands)	Six months ended June 30,
	2026		2025			$ Change			% Change
Service charges	$	3,603	$	3,088		$	515			16.7	%
Net gain (loss) on equity securities		173		(103	)		276			268.0	%
Net gain on sale of loans and leases		3,106		1,445			1,661			114.9	%
ATM/Interchange fees		2,941		2,744			197			7.2	%
Wealth management fees		2,892		2,665			227			8.5	%
Lease revenue and residual income		3,034		2,421			613			25.3	%
Bank owned life insurance		789		773			16			2.1	%
Swap fees		59		125			(66	)		-52.8	%
Other		1,841		1,291			550			42.6	%
Total non-interest income	$	18,438	$	14,449		$	3,989			27.6	%


Non-interest expense
(unaudited - dollars in thousands)	Three months ended June 30,
	2026		2025		$ Change			% Change
Compensation expense	$	15,737	$	15,011	$	726			4.8	%
Net occupancy expense		1,583		1,419		164			11.6	%
Contracted data processing		582		536		46			8.6	%
FDIC assessment		420		689		(269	)		-39.0	%
State franchise tax		599		634		(35	)		-5.5	%
Professional services		1,221		1,798		(577	)		-32.1	%
Equipment expense		1,720		1,764		(44	)		-2.5	%
ATM/Interchange expense		743		683		60			8.8	%
Marketing		542		289		253			87.5	%
Amortization of core deposit intangible		696		338		358			105.9	%
Software maintenance expense		1,235		1,294		(59	)		-4.6	%
Other		3,575		3,027		548			18.1	%
Total non-interest expense	$	28,653	$	27,482	$	1,171			4.3	%


Non-interest expense
(unaudited - dollars in thousands)	Six months ended June 30,
	2026		2025		$ Change			% Change
Compensation expense	$	31,966	$	29,054	$	2,912			10.0	%
Net occupancy expense		3,206		3,053		153			5.0	%
Contracted data processing		1,312		1,103		209			18.9	%
FDIC Assessment		843		1,562		(719	)		-46.0	%
State franchise tax		1,153		1,160		(7	)		-0.6	%
Professional services		2,806		3,888		(1,082	)		-27.8	%
Equipment expense		3,809		3,867		(58	)		-1.5	%
ATM/Interchange expense		1,475		1,263		212			16.8	%
Marketing		1,020		585		435			74.4	%
Amortization of core deposit intangible		1,392		670		722			107.8	%
Software maintenance expense		2,710		2,571		139			5.4	%
Other		6,834		5,832		1,002			17.2	%
Total non-interest expense	$	58,526	$	54,608	$	3,918			7.2	%


End of period loan and lease balances
(unaudited - dollars in thousands)
	June 30,		December 31,
	2026		2025		$ Change			% Change
Commercial and Agriculture	$	315,479	$	308,692	$	6,787			2.2	%
Commercial Real Estate:
Owner Occupied		389,434		385,547		3,887			1.0	%
Non-owner Occupied		1,229,731		1,239,017		(9,286	)		-0.7	%
Residential Real Estate		957,960		944,328		13,632			1.4	%
Real Estate Construction		265,488		285,137		(19,649	)		-6.9	%
Farm Real Estate		32,440		37,775		(5,335	)		-14.1	%
Lease financing receivable		32,665		35,103		(2,438	)		-6.9	%
Consumer and Other		31,707		34,447		(2,740	)		-8.0	%
Total Loans	$	3,254,904	$	3,270,046	$	(15,142	)		-0.5	%


End of period deposit balances
(unaudited - dollars in thousands)
	June 30,		December 31,
	2026		2025		$ Change			% Change
Noninterest-bearing demand	$	695,142	$	702,032	$	(6,890	)		-1.0	%
Interest-bearing demand		380,752		400,403		(19,651	)		-4.9	%
Savings and money market		1,271,089		1,234,593		36,496			3.0	%
Time deposits		761,117		727,294		33,823			4.7	%
Brokered deposits		350,143		402,142		(51,999	)		-12.9	%
Total Deposits	$	3,458,243	$	3,466,464	$	(8,221	)		-0.2	%


Allowance for Credit Losses
(dollars in thousands)
	Three months ended June 30,
	2026			2025
Beginning of period	$	40,536		$	40,284
Charge-offs		(174	)		(1,092	)
Recoveries		100			92
Provision		1,251			1,171
End of period	$	41,713		$	40,455


Allowance for Credit Losses
(dollars in thousands)
	Six months ended June 30,
	2026			2025
Beginning of period	$	42,020		$	39,669
Charge-offs		(980	)		(2,068	)
Recoveries		190			435
Provision		483			2,419
End of period	$	41,713		$	40,455


Allowance for Unfunded Commitments
(dollars in thousands)
	Three months ended June 30,
	2026		2025
Beginning of period	$	3,375	$	3,699
Provision		519		(146	)
End of period	$	3,894	$	3,553


Allowance for Unfunded Commitments
(dollars in thousands)
	Six months ended June 30,
	2026		2025
Beginning of period	$	3,236	$	3,380
Provision		658		173
End of period	$	3,894	$	3,553


(dollars in thousands)	June 30,		December 31,
	2026		2025
Non-accrual loans	$	29,865	$	30,834
Restructured loans, accruing		549		14
90+ Days Past Due, Still Accruing		103		462
Total non-performing loans		30,517		31,310
Other Real Estate Owned		-		-
Total non-performing assets	$	30,517	$	31,310

Civista Bancshares, Inc.

Financial Highlights

(Unaudited, dollars in thousands, except share and per share amounts)


Consolidated Condensed Statement of Operations

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2026		2025			2026		2025

Interest income	$	56,547	$	56,271		$	112,356	$	110,004
Interest expense		17,954		21,457			35,940		42,417
Net interest income		38,593		34,814			76,416		67,587
Provision for credit losses		1,251		1,171			483		2,419
Provision for unfunded commitments		519		(146	)		658		173
Net interest income after provision		36,823		33,789			75,275		64,995
Non-interest income		9,007		6,589			18,438		14,449
Non-interest expense		28,653		27,482			58,526		54,608
Income before taxes		17,177		12,896			35,187		24,836
Income tax expense		2,862		1,881			5,883		3,653
Net income		14,315		11,015			29,304		21,183
Net income available
to common shareholders	$	14,315	$	11,015		$	29,304	$	21,183

Dividends paid per common share	$	0.18	$	0.17		$	0.36	$	0.34

Earnings per common share
Basic
Net income	$	14,315	$	11,015		$	29,304	$	21,183
Less allocation of earnings and
dividends to participating securities		54		45			84		72
Net income available to common
shareholders - basic	$	14,261	$	10,970		$	29,220	$	21,111
Weighted average common shares outstanding		20,786,101		15,524,490			20,765,913		15,506,750
Less average participating securities		79,006		96,692			59,198		81,784
Weighted average number of shares outstanding
used to calculate basic earnings per share		20,707,095		15,427,798			20,706,715		15,424,966

Earnings per common share
Basic	$	0.69	$	0.71		$	1.41	$	1.37
Diluted	$	0.69		0.71		$	1.41		1.37


Selected financial ratios:
Return on average assets	1.34	%	1.06	%	1.37	%	1.03	%
Return on average equity	10.23	%	11.02	%	10.60	%	10.71	%
Return on average tangible common equity	13.72	%	16.48	%	14.25	%	16.06	%
Dividend payout ratio	26.14	%	23.96	%	25.51	%	24.89	%
Net interest margin (tax equivalent)	3.89	%	3.64	%	3.87	%	3.57	%
Effective tax rate	16.66	%	14.59	%	16.72	%	14.71	%


Selected Balance Sheet Items
(Dollars in thousands, except share and per share amounts)

	June 30,			December 31,
	2026			2025
	(unaudited)			(unaudited)

Cash and due from financial institutions	$	61,743		$	77,320
Investment in time deposits		4,125			1,165
Investment securities		670,179			684,600
Loans held for sale		8,508			7,180
Loans		3,254,904			3,270,046
Less: allowance for credit losses		(41,713	)		(42,020	)
Net loans		3,213,191			3,228,026
Other securities		28,957			25,942
Premises and equipment, net		37,417			40,611
Goodwill and other intangibles		142,018			143,538
Bank owned life insurance		63,942			63,153
Other assets		64,218			64,918
Total assets	$	4,294,298		$	4,336,453

Total deposits	$	3,458,243		$	3,466,464
Short-term Federal Home Loan Bank advances		123,500			175,000
Long-term Federal Home Loan Bank advances		561			855
Subordinated debentures		104,317			104,234
Other borrowings		3,121			4,090
Accrued expenses and other liabilities		37,771			42,336
Total liabilities		3,727,513			3,792,979
Common shares		420,922			419,769
Retained earnings		261,615			239,784
Treasury shares		(76,082	)		(75,764	)
Accumulated other comprehensive loss		(39,670	)		(40,315	)
Total shareholders' equity		566,785			543,474
Total liabilities and shareholders' equity	$	4,294,298		$	4,336,453


	June 30,			December 31,
	2026			2025
	(unaudited)			(unaudited)

Shares outstanding at period end		20,794,238			20,746,474
Book value per share	$	27.26		$	26.20
Equity to asset ratio		13.20	%		12.53	%

Selected asset quality ratios:
Allowance for credit losses to total loans		1.28	%		1.28	%
Non-performing assets to total assets		0.71	%		0.72	%
Allowance for credit losses to non-performing loans		136.69	%		134.21	%

Non-performing asset analysis
Nonaccrual loans	$	29,865		$	30,834
Restructured loans		549			14
Other real estate owned		-			-
90+ Days Past Due, Still Accruing		103			462
Total	$	30,517		$	31,310


Supplemental Financial Information
(Unaudited - dollars in thousands except share data)

	June 30,			March 31,			December 31,			September 30,			June 30,
End of Period Balances	2026			2026			2025			2025			2025

Assets
Cash and due from banks	$	61,743		$	83,525		$	77,320		$	62,766		$	73,858
Investment in time deposits		4,125			2,880			1,165			735			715
Investment securities		670,179			682,462			684,600			657,189			645,228
Loans held for sale		8,508			6,940			7,180			8,012			10,733
Loans and leases		3,254,904			3,229,667			3,270,046			3,095,994			3,151,124
Allowance for credit losses		(41,713	)		(40,536	)		(42,020	)		(40,254	)		(40,455	)
Net Loans		3,213,191			3,189,131			3,228,026			3,055,740			3,110,669
Other securities		28,957			25,144			25,942			27,901			36,195
Premises and equipment, net		37,417			39,055			40,611			40,910			42,922
Goodwill and other intangibles		142,018			142,774			143,538			132,276			132,631
Bank owned life insurance		63,942			63,543			63,153			62,756			63,555
Other assets		64,218			62,868			64,918			65,049			69,363
Total Assets	$	4,294,298		$	4,298,322		$	4,336,453		$	4,113,334		$	4,185,869

Liabilities
Total deposits	$	3,458,243		$	3,501,890		$	3,466,464		$	3,230,463		$	3,196,207
Federal Home Loan Bank advances - short term		123,500			100,000			175,000			232,000			433,500
Federal Home Loan Bank advances - long term		561			739			855			970			1,103
Subordinated debentures		104,317			104,276			104,234			104,213			104,172
Other borrowings		3,121			3,594			4,090			4,699			5,379
Accrued expenses and other liabilities		37,771			35,580			42,336			41,961			41,371
Total liabilities		3,727,513			3,746,079			3,792,979			3,614,306			3,781,732

Shareholders' Equity
Common shares		420,922			420,488			419,769			388,458			312,589
Retained earnings		261,615			251,041			239,784			230,798			221,321
Treasury shares		(76,082	)		(76,082	)		(75,764	)		(75,760	)		(75,753	)
Accumulated other comprehensive loss		(39,670	)		(43,204	)		(40,315	)		(44,468	)		(54,020	)
Total shareholders' equity		566,785			552,243			543,474			499,028			404,137

Total Liabilities and Shareholders' Equity	$	4,294,298		$	4,298,322		$	4,336,453		$	4,113,334		$	4,185,869

Shares outstanding at period end		20,794,238			20,783,348			20,746,474			19,312,726			15,529,342

Book value per share	$	27.26		$	26.57		$	26.20		$	25.84		$	26.02
Equity to asset ratio		13.20	%		12.85	%		12.53	%		12.13	%		9.65	%


	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Selected asset quality ratios:
Allowance for credit losses to total loans		1.28	%		1.26	%		1.28	%		1.30	%		1.28	%
Non-performing assets to total assets		0.71	%		0.70	%		0.72	%		0.55	%		0.55	%
Allowance for credit losses to non-performing loans		136.69	%		134.37	%		134.21	%		176.52	%		176.11	%

Non-performing asset analysis
Non-accrual loans	$	29,865		$	29,400		$	30,834		$	22,615		$	22,742
Restructured loans		549			538			14			12			7
90+ Days Past Due, Still Accruing		103			229			462			177			223
Other real estate owned		-			-			-			-			209
Total	$	30,517		$	30,167		$	31,310		$	22,804		$	23,181


Supplemental Financial Information
(Unaudited - dollars in thousands except share data)

	June 30,		March 31,		December 31,		September 30,		June 30,
Quarterly Average Balances	2026		2026		2025		2025		2025
Assets:
Earning assets	$	3,992,950	$	4,003,144	$	3,939,580	$	3,829,484	$	3,841,369
Securities		696,076		718,037		694,263		676,938		682,035
Loans		3,243,955		3,252,342		3,197,327		3,128,033		3,136,091
Liabilities and Shareholders' Equity
Total deposits	$	3,484,685	$	3,461,202	$	3,424,018	$	3,237,025	$	3,190,592
Interest-bearing deposits		2,781,645		2,765,773		2,717,751		2,574,153		2,538,500
Other interest-bearing liabilities		216,181		257,599		256,899		383,305		523,824
Total shareholders' equity		561,101		553,940		525,673		472,993		400,915


Supplemental Financial Information
(Unaudited - dollars in thousands)

	June 30,		March 31,		December 31,		September 30,		June 30,
End of period loan and lease balances	2026		2026		2025		2025		2025
Commercial and Agriculture	$	315,479	$	310,400	$	308,692	$	302,407	$	338,598
Commercial Real Estate:
Owner Occupied		389,434		390,786		385,547		384,176		378,248
Non-owner Occupied		1,229,731		1,232,781		1,239,017		1,216,031		1,263,612
Residential Real Estate		957,960		943,425		944,328		842,362		815,408
Real Estate Construction		265,488		254,254		285,137		278,163		277,643
Farm Real Estate		32,440		32,700		37,775		23,713		23,866
Lease financing receivable		32,665		32,693		35,103		38,960		42,758
Consumer and Other		31,707		32,628		34,447		10,182		10,991
Total Loans	$	3,254,904	$	3,229,667	$	3,270,046	$	3,095,994	$	3,151,124


Supplemental Financial Information
(Unaudited - dollars in thousands)

	June 30,		March 31,		December 31,		September 30,		June 30,
End of period deposit balances	2026		2026		2025		2025		2025
Noninterest-bearing demand	$	695,142	$	703,778	$	702,032	$	651,934	$	647,609
Interest-bearing demand		380,752		419,295		400,403		415,620		433,089
Savings and money market		1,271,089		1,291,253		1,234,593		1,129,985		1,100,660
Time deposits		761,117		710,423		727,294		601,757		560,702
Brokered deposits		350,143		377,141		402,142		431,167		454,147
Total Deposits	$	3,458,243	$	3,501,890	$	3,466,464	$	3,230,463	$	3,196,207


Supplemental Financial Information
(Unaudited - dollars in thousands except share data)

	Three Months Ended
	June 30,		March 31,			December 31,			September 30,			June 30,
Income statement	2026		2026			2025			2025			2025

Total interest and dividend income	$	56,547	$	55,809		$	55,741		$	55,240		$	56,271
Total interest expense		17,954		17,986			19,290			20,695			21,457
Net interest income		38,593		37,823			36,451			34,545			34,814
Provision for credit losses		1,251		(768	)		724			378			1,171
Provision for unfunded commitments		519		139			(139	)		(178	)		(146	)
Non-interest income		9,007		9,431			9,884			9,633			6,589
Non-interest expense		28,653		29,873			31,003			28,327			27,482
Income before taxes		17,177		18,010			14,747			15,651			12,896
Income tax expense		2,862		3,021			2,480			2,891			1,881
Net income	$	14,315	$	14,989		$	12,267		$	12,760		$	11,015
Net income available to common shareholders	$	14,315	$	14,989		$	12,267		$	12,760		$	11,015
Pre-Provision Net Revenue (PPNR)	$	18,947	$	17,381		$	15,332		$	15,851		$	13,921

Per share data

Earnings per common share
Basic
Net income	$	14,315	$	14,989		$	12,267		$	12,760		$	11,015
Less allocation of earnings and
dividends to participating securities		54		28			48			61			45
Net income available to common shareholders - basic	$	14,261	$	14,961		$	12,219		$	12,699		$	10,970

Weighted average common shares outstanding		20,786,101		20,745,499			20,185,285			18,767,307			15,524,490
Less average participating securities		79,006		39,169			90,281			91,743			96,692
Weighted average number of shares outstanding used to calculate basic earnings per share		20,707,095		20,706,330			20,095,004			18,675,564			15,427,798

Earnings per common share
Basic	$	0.69	$	0.72		$	0.61		$	0.68		$	0.71
Diluted	$	0.69	$	0.72		$	0.61		$	0.68		$	0.71

Common shares dividend paid	$	3,741	$	3,732		$	3,283		$	3,283		$	2,638
Dividends paid per common share		0.18		0.18			0.17			0.17			0.17


	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Selected financial ratios	2026			2026			2025			2025			2025

Return on average assets		1.34	%		1.41	%		1.14	%		1.22	%		1.06	%
Return on average equity		10.23	%		10.97	%		9.26	%		10.70	%		11.02	%
Return on average tangible common equity		13.72	%		14.64	%		12.72	%		15.03	%		16.48	%
Dividend payout ratio		26.14	%		24.91	%		27.97	%		25.00	%		23.96	%
Net interest margin (tax equivalent)		3.89	%		3.85	%		3.69	%		3.58	%		3.64	%
Effective tax rate		16.66	%		16.77	%		16.82	%		18.47	%		14.59	%


Supplemental Financial Information
(Unaudited - dollars in thousands)

	Three Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,
Non-interest income	2026		2026		2025		2025		2025
Service charges	$	1,889	$	1,714	$	1,706	$	1,667	$	1,564
Net gain (loss) on equity securities		140		33		120		255		(74	)
Net gain on sale of loans and leases		1,501		1,605		1,594		1,450		841
ATM/Interchange fees		1,555		1,386		1,722		1,435		1,418
Wealth management fees		1,459		1,433		1,473		1,402		1,325
Lease revenue and residual income		1,404		1,630		1,518		1,934		525
Bank owned life insurance		399		390		397		666		386
Swap fees		3		56		150		-		53
Other		657		1,184		1,204		824		551
Total non-interest income	$	9,007	$	9,431	$	9,884	$	9,633	$	6,589


Supplemental Financial Information
(Unaudited - dollars in thousands)

	Three Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,
Non-interest expense	2026		2026		2025		2025		2025
Compensation expense	$	15,737	$	16,229	$	14,526	$	15,161	$	15,011
Net occupancy expense		1,583		1,623		1,410		1,466		1,419
Contracted data processing		582		730		672		559		536
FDIC assessment		420		423		493		627		689
State franchise tax		599		554		343		536		634
Professional services		1,221		1,585		1,467		1,225		1,798
Equipment expense		1,720		2,089		2,032		2,205		1,764
ATM/Interchange expense		743		732		710		755		683
Marketing		542		478		410		391		289
Amortization of core deposit intangible		696		696		576		318		338
Software maintenance expense		1,235		1,475		1,411		1,480		1,294
Other		3,575		3,259		6,953		3,604		3,027
Total non-interest expense	$	28,653	$	29,873	$	31,003	$	28,327	$	27,482


Supplemental Financial Information
(Unaudited - dollars in thousands except share data)

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Asset quality	2026			2026			2025			2025			2025

Allowance for credit losses:
Beginning of period	$	40,536		$	42,020		$	40,254		$	40,455		$	40,284
CECL Day 1 Adjustment FSB		-			-			1,960			-			-
Charge-offs		(174	)		(806	)		(1,064	)		(662	)		(1,092	)
Recoveries		100			90			146			83			92
Provision		1,251			(768	)		724			378			1,171
End of period	$	41,713		$	40,536		$	42,020		$	40,254		$	40,455
Allowance for unfunded commitments:
Beginning of period	$	3,375		$	3,236		$	3,375		$	3,553		$	3,699
Charge-offs		-			-			-			-			-
Recoveries		-			-			-			-			-
Provision		519			139			(139	)		(178	)		(146	)
End of period	$	3,894		$	3,375		$	3,236		$	3,375		$	3,553

Ratios
Allowance to total loans		1.28	%		1.26	%		1.28	%		1.30	%		1.28	%
Allowance to nonperforming assets		136.69	%		134.37	%		134.21	%		176.52	%		174.52	%
Allowance to nonperforming loans		136.69	%		134.37	%		134.21	%		176.52	%		176.11	%

Nonperforming assets
Non-accrual loans	$	29,865		$	29,400		$	30,834		$	22,615		$	22,742
Restructured loans		549			538			14			12			7
90+ Days Past Due, Still Accruing		103			229			462			177			223
Total non-performing loans		30,517			30,167			31,310			22,804			22,972
Other Real Estate Owned		-			-			-			-			209
Total non-performing assets	$	30,517		$	30,167		$	31,310		$	22,804		$	23,181



	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Capital and liquidity	2026			2026			2025			2025			2025

Tier 1 leverage ratio		11.87	%		11.57	%		11.32	%		10.96	%		8.80	%
Tier 1 risk-based capital ratio		15.33	%		15.12	%		14.51	%		14.19	%		11.18	%
Total risk-based capital ratio		18.86	%		18.67	%		18.02	%		17.80	%		14.73	%
Tangible common equity ratio (1)		10.23	%		9.85	%		9.54	%		9.21	%		6.70	%

(1) See reconciliation of non-GAAP measures at the end of this press release.


Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)

	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025

Tangible Common Equity
Total Shareholder's Equity - GAAP	$	566,785		$	552,243		$	543,474		$	499,028		$	404,137
Less: Preferred Equity		-			-			-			-			-
Less: Goodwill and intangible assets		142,018			142,774			143,538			132,276			132,631
Tangible common equity (Non-GAAP)	$	424,767		$	409,469		$	399,936		$	366,752		$	271,506

Total Shares Outstanding		20,794,238			20,783,348			20,746,474			19,312,726			15,529,342

Tangible book value per share	$	20.43		$	19.70		$	19.28		$	18.99		$	17.48

Tangible Assets
Total Assets - GAAP	$	4,294,298		$	4,298,322		$	4,336,453		$	4,113,334		$	4,185,869
Less: Goodwill and intangible assets		142,018			142,774			143,538			132,276			132,631
Tangible assets (Non-GAAP)	$	4,152,280		$	4,155,548		$	4,192,915		$	3,981,058		$	4,053,238

Tangible common equity to tangible assets		10.23	%		9.85	%		9.54	%		9.21	%		6.70	%


Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
Efficiency ratio (non-GAAP):	2026			2025			2026			2025

Noninterest expense (GAAP)	$	28,653		$	27,482		$	58,526		$	54,608
Less: Amortization of intangible assets expense		696			339			1,392			670
Less: Acquisition related expenses		-			-			427			5
Noninterest expense (non-GAAP)	$	27,957		$	27,143		$	56,707		$	53,933

Net interest income (GAAP)	$	38,593		$	34,814		$	76,416		$	67,587
Plus: Taxable equivalent adjustment		606			621			1,218			1,243
Noninterest income (GAAP)		9,007			6,589			18,438			14,449
Less: Net gains (losses) on equity securities		140			(74	)		173			(103	)
Net interest income (FTE) plus non-interest income (non-GAAP)	$	48,066		$	42,098		$	95,899		$	83,382

Efficiency ratio (non-GAAP)		58.2	%		64.5	%		59.1	%		64.7	%


Reconciliation of Non-GAAP Financial Measures
(Unaudited - dollars in thousands except share data)

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Efficiency ratio (non-GAAP):	2026			2026			2025			2025			2025

Noninterest expense (GAAP)	$	28,653		$	29,873		$	31,003		$	28,327		$	27,482
Less: Amortization of intangible assets expense		696			696			576			318			339
Less: Acquisition related expenses		-			427			3,424			664			5
Noninterest expense (non-GAAP)	$	27,957		$	28,750		$	27,003		$	27,345		$	27,138

Net interest income (GAAP)	$	38,593		$	37,823		$	36,451		$	34,545		$	34,814
Plus: Taxable equivalent adjustment		606			612			620			618			621
Noninterest income (GAAP)		9,007			9,431			9,884			9,633			6,589
Less: Net gains (losses) on equity securities		140			33			120			255			(74	)
Net interest income (FTE) plus non-interest income (non-GAAP)	$	48,066		$	47,833		$	46,835		$	44,541		$	42,098

Efficiency ratio (non-GAAP)		58.2	%		60.1	%		57.7	%		61.4	%		64.5	%





	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Net interest margin (non-GAAP):	2026			2026			2025			2025			2025

Net interest income (GAAP)	$	38,593		$	37,823		$	36,451		$	34,545		$	34,814
Tax-equivalent adjustment		606			612			620			618			621
Net interest income (tax-equivalent)		39,199			38,435			37,071			35,163			35,435

Average earning assets (GAAP)	$	3,992,950		$	4,003,144		$	3,939,580		$	3,829,484		$	3,841,369
Unrealized loss adjustment		46,706			41,288			46,944			62,947			64,110
Adjusted average earning assets		4,039,656			4,044,432			3,986,524			3,892,431			3,905,479

Net interest margin (Non-GAAP)		3.89	%		3.85	%		3.69	%		3.58	%		3.64	%