Civista Bancshares, Inc. (CIVB): Business Model Canvas [Dec-2025 Updated]

You're digging into Civista Bancshares, Inc. (CIVB) right after they closed the November 2025 deal for The Farmers Savings Bank, which now puts their balance sheet near $4.4 billion in assets as of Q3 2025. To be frank, their model is a tightrope walk: balancing that personalized, community-bank feel across 44 branches in Ohio, Indiana, and Kentucky with a nationwide play in commercial equipment leasing. We need to see if the $34.8 million Net Interest Income they posted in Q2 2025 is sustainable, especially with funding costs at 232 basis points; this canvas cuts through the noise to show you the core engine driving their revenue streams and key resources post-merger.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Key Partnerships

You're looking at the structure Civista Bancshares, Inc. uses to support its operations, especially after the big move in late 2025. These external relationships are crucial for scale and specialized services.

The Farmers Savings Bank (Acquired November 2025)

The merger with The Farmers Savings Bank closed on November 6, 2025, which immediately changed the scale of Civista Bancshares, Inc. operations. This transaction brought in two new physical locations, expanding the footprint into Medina and Lorain Counties, Ohio. The system conversion for full integration is slated for the first quarter of 2026.

Here's the quick math on what that acquisition added, based on September 30, 2025, pro forma data:

Metric	Amount
Added Branches	2
Added Low-Cost Deposits	$236 million
Combined Total Assets	Approximately $4.4 billion
Combined Total Net Loans	Approximately $3.2 billion
Combined Total Deposits	Approximately $3.5 billion
Implied Cash Consideration (Pre-adjustment)	$34.925 million

Post-closing, Civista Bank operates 44 locations across Ohio, Southeastern Indiana, and Northern Kentucky. The initial agreement involved issuing 1,434,491 common shares plus the cash component, subject to an equity adjustment based on $56.0 million of Farmers' equity at closing.

Third-party vendors for critical banking systems and compliance

Civista Bancshares, Inc. relies on external partners for technology infrastructure and regulatory adherence. The bank maintains a policy to perform internal risk and performance assessments of these critical vendors. For example, Civista Bank recently engaged a new vendor to specifically assist with its digital transformation efforts. This type of partnership helps manage operational risk across the entire platform.

Community organizations like the Greater Sandusky Partnership

Community engagement is formalized through the Civista Charitable Foundation and direct corporate giving. The commitment to the Greater Sandusky Partnership is explicit through calendar year pledges. You can see the direct financial support below:

• Committed donation for calendar year 2025: $100,000.00
• Committed donation for calendar year 2026: $100,000.00
• Donations made in 2022, 2023, and 2024: $100,000.00 each year
• Corporate Donations in 2020: $130,865.99
• Community Development Investments (CDIs) from 2019 to 2021: Approximately $37,317,455.00

The CEO, Dennis G. Shaffer, has served as a Board Member for the Greater Sandusky Partnership from 2021-present.

Correspondent banks for financial services support

Civista Bank maintains ongoing relationships with strong third-party partners to support financial services that may fall outside its direct operational scope or geographic area. These relationships are essential for maintaining service breadth, especially in specialized areas like correspondent banking support. The bank's overall asset base, now approaching $4.4 billion post-merger, dictates the scale and complexity of the required correspondent network.

Finance: draft 13-week cash view by Friday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Key Activities

You're looking at the core engine of Civista Bancshares, Inc. as of late 2025, right after closing the Farmers Savings Bank deal. The key activities are all about deploying capital, gathering low-cost funding, and executing strategic growth moves like the recent acquisition and tech upgrades.

Commercial and residential real estate lending

Civista Bancshares, Inc. focuses heavily on real estate secured lending, which forms the bulk of its loan book. As of September 30, 2025, the combined entity, including the recently merged Farmers Savings Bank, had approximately $3.2 billion in net loans. Commercial and residential real estate lending is the primary deployment channel for its funding base.

The loan portfolio composition from the end of 2024 gives you a good idea of the historical mix, though the Farmers acquisition adds to this base:

Loan Category	Percentage of Total Loans (2024)
Commercial Real Estate Loans	52%
Residential Real Estate Loans	25%
Commercial and Agriculture Loans	11%

Even with payoffs experienced during the third quarter of 2025, the pipeline remains active. Undrawn construction lines stood at $173 million at September 30, 2025, signaling continued origination activity.

The core lending activity is supported by a focus on credit quality; the allowance for credit losses to loans ratio was 1.30% at September 30, 2025.

Core deposit gathering and management

Securing stable, low-cost funding is a constant, critical activity. Before the Farmers Savings Bank merger, Civista Bancshares, Inc. had grown core deposits by $87 million year-to-date as of the third quarter of 2025. Total period-end deposits for Civista Bank were $3.2 billion on June 30, 2025.

The management of these deposits involves balancing cost and stability. The cost of funds for the second quarter of 2025 was 232 basis points. The acquisition of The Farmers Savings Bank added approximately $236 million in low-cost deposits, which directly helps manage funding costs.

Key deposit-related activities include:

• Gathering public fund operating accounts.
• Targeted marketing for new customer deposits.
• Managing brokered deposits, which totaled $454.1 million at June 30, 2025.

Commercial equipment leasing nationwide

Civista Bancshares, Inc. executes this activity through its Civista Leasing and Finance Division, serving businesses across the nation, not just within its core banking footprint. This division enhances the overall service offering and diversifies earning assets.

For the full year 2024, the leasing division saw significant activity:

Leasing Metric (2024 YTD)	Amount
YTD Funded Production	$89.7 million
YTD Sold Volume	$39.6 million
Net Production	$50.1 million
Average Yield on Total Portfolio	9.53%

The third quarter of 2025 showed positive momentum in this area, with leasing revenues increasing by $300,000 million due to increased activity, despite a slight decline in leasing fees on fewer originations compared to the prior year period.

Executing the Digital Transformation strategy

This is an ongoing operational activity aimed at improving efficiency and service delivery. The company is actively investing capital into its technology and infrastructure. To support this, Civista Bancshares, Inc. completed an underwritten public offering that raised approximately $80,500,058 in Q3 2025, with a portion explicitly earmarked to fund organic growth and tech/infrastructure investments.

Operational efficiency is a direct result of these efforts. The efficiency ratio improved to 61.4% for the third quarter of 2025, down from 70.5% in the third quarter of 2024.

Integrating The Farmers Savings Bank operations

The successful completion of the merger with The Farmers Savings Bank on November 6, 2025, is a major recent key activity. This deal expands Civista Bank's footprint into Medina and Lorain Counties, Ohio, adding two branches.

The immediate financial impact, based on September 30, 2025, pro forma data, is significant:

Combined Metric (Pro Forma as of Sep 30, 2025)	Amount
Total Assets	Approximately $4.4 billion
Net Loans	Approximately $3.2 billion
Total Deposits	Approximately $3.5 billion

The operational integration is not yet complete; the system conversion for Farmers Savings Bank customers is scheduled for the first quarter of 2026. Until then, the acquired entity continues to operate under its existing systems.

The strategic goal of this integration includes:

• Adding approximately $236 million in low-cost deposits.
• Expanding the community banking presence in Northeast Ohio.
• Achieving a forecasted 10% accretion to diluted EPS once integration costs are absorbed.

Finance: draft 13-week cash view by Friday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Key Resources

You're looking at the core assets Civista Bancshares, Inc. (CIVB) relies on to execute its strategy in late 2025. These aren't just line items; they are the engine and the footprint of the organization, especially after the recent strategic moves.

The physical and digital infrastructure remains central. As of the Q3 2025 reporting period, and factoring in the expected close of the Farmers Savings Bank merger in November 2025, the combined entity is projected to manage total assets of approximately $4.4 billion. This scale is supported by a physical network that spans three states, giving it regional depth.

The physical presence is anchored by 44 branch locations across Ohio, Indiana, and Kentucky. This network is crucial for maintaining local relationships, which is the bread and butter of community banking. To give you a sense of the balance sheet supporting this network as of September 30, 2025, total deposits stood at $3.2 billion, with net loans also projected around $3.2 billion on a pro-forma combined basis.

The capital structure was recently reinforced. Civista Bancshares, Inc. completed an underwritten public offering in July 2025, which, assuming the full exercise of the underwriters' option, generated aggregate gross proceeds of approximately $80.5 million. This capital infusion is intended for general corporate purposes, including organic growth and future strategic transactions. Honestly, this move did come with a material dilution effect, increasing shares outstanding by about 25%.

The firm's ability to compete relies heavily on its human capital and technology stack. You need to look at the specialized teams that drive revenue and manage risk. The Civista Bank Digital Banking (CDB) platform is the necessary digital counterweight to the physical branches. Furthermore, the firm maintains experienced teams dedicated to its higher-margin services.

Here's a quick look at the scale of the balance sheet supporting these resources as of late 2025:

Resource Metric	Value (Approximate)	Date/Context
Total Assets (Pro-Forma Combined)	$4.4 billion	Post-March 31, 2025, post-merger estimate
Total Deposits	$3.2 billion	September 30, 2025
Gross Capital Raised (Max)	$80.5 million	July 2025 Stock Offering
Branch Locations	44	Post-merger footprint

The specialized expertise within the organization is a non-negotiable asset. You can't run a modern bank without deep knowledge in specific lending areas and wealth generation. These teams are the ones deploying the capital and managing client relationships beyond simple transactional banking. The key specialized resources include:

• Experienced commercial lending teams driving business loan growth.
• Wealth management teams focused on fee-based revenue streams.
• Civista Leasing and Finance Division serving businesses nationwide.
• The Civista Bank Digital Banking (CDB) platform for customer access.

The commercial lending pipeline is reportedly strong, which is a good sign for loan balance recovery in Q4 2025 after a slight dip earlier in the year. Finance: draft 13-week cash view by Friday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Value Propositions

You're looking at the core value Civista Bancshares, Inc. delivers to its customers, which is a blend of deep local connection and broad financial capability. This isn't just about having an account; it's about the specific ways Civista Bancshares, Inc. helps you manage your money and your business.

Community-focused, personalized banking service is the bedrock. Civista Bank, the primary subsidiary founded way back in 1884, emphasizes relationship banking. This local commitment is reinforced by external recognition; Civista Bank earned the No. 26 spot in the $3 billion to $10 billion asset category for the 2025 Best Banks to Work For by American Banker, suggesting a strong internal culture that translates to better service. The physical footprint supports this, with 44 offices across Ohio, Southeastern Indiana, and Northern Kentucky as of late 2025. That's a tangible presence where you live and work.

The service offering covers the full spectrum of financial needs, which you can see laid out here:

Service Category	Specific Offerings Mentioned	Geographic Scope/Scale (Latest Data)
Core Banking	Full-service banking, wealth management	44 locations across OH, IN, KY
Lending/Mortgage	Commercial lending, mortgage services	Loan and lease balances grew $69.9 million since December 31, 2024 (as of Q2 2025)
Equipment Leasing	Commercial equipment leasing	Nationwide service through Civista Leasing and Finance Division

For your business needs, you get full-service commercial lending and mortgage options. You aren't just getting a standard loan; the bank is actively meeting demand in specific areas, like growing its Residential Real Estate portfolio with more home construction loans to support housing needs in its communities. This focus on local economic drivers is key to their lending value proposition.

A distinct offering is the specialized commercial equipment leasing nationwide capability, delivered through the Civista Leasing and Finance Division, headquartered in Pittsburgh, Pennsylvania. This means you can access specialized financing solutions regardless of where your business is located, extending the value proposition beyond the tri-state area of Ohio, Indiana, and Kentucky.

While the search results don't give a specific metric for digital adoption, the value proposition includes enhanced digital convenience across all channels. This is the expectation for any modern financial institution, supporting the relationship banking model by making routine transactions easy, so you can focus on the complex needs that require in-person consultation. The bank's overall size supports this infrastructure investment; Civista Bancshares, Inc. is a financial services holding company with total assets reaching $4.4 billion as of late 2025.

Finally, a major component of the value proposition, especially following recent strategic moves, is the scale of funding available. Post-merger with The Farmers Savings Bank in November 2025, the value proposition includes access to approximately $3.5 billion in total deposits (post-merger, Q3 2025). This figure represents a substantial core deposit base, which is the lifeblood of a community bank, providing stable, low-cost funding to support lending activities. For context, total deposits were $3.2 billion at the end of Q2 2025, before the merger closed.

Here's what that scale means for you:

• Access to a funding base of roughly $3.5 billion post-merger.
• Support for loan and lease balances that grew by $69.9 million in the first half of 2025.
• A strong efficiency ratio of 64.5% for Q2 2025, showing operational focus.
• Net income of $12.8 million for Q3 2025.

Finance: draft 13-week cash view by Friday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Customer Relationships

You're looking at how Civista Bancshares, Inc. keeps its customers engaged and loyal as of late 2025, right after closing the Farmers Savings Bank merger on November 6, 2025. The core of their approach blends that traditional, hands-on community feel with necessary digital convenience.

Dedicated, personalized community banking model

Civista Bancshares, Inc. maintains a strong community bank identity, operating through its subsidiary Civista Bank, which has been serving customers since 1884. This model is physically supported by a network of 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky as of September 2025. The emphasis here is on local decision-making, which you see reflected in the consistent focus on credit quality; the allowance for credit losses to total loans ratio was 1.30% at March 31, 2025. This suggests disciplined underwriting tied to local market knowledge.

The structure supports a relationship-first approach:

• Maintaining a strong commitment to financial stewardship over 140 years.
• Focusing on supporting lending and strengthening customer relationships, as stated by CEO Dennis Shaffer.
• The recent merger expands this community footprint, aiming to bolster market position.

Relationship-deepening focus for long-term retention

The strategy for long-term retention centers on growing deposits and deepening existing customer relationships, a key focus point mentioned in the first quarter of 2025. This is supported by successful deposit initiatives; for instance, core deposits grew organically by $67 million in Q1 2025, reducing reliance on more expensive wholesale funding. The bank's loan-to-deposit ratio stood at 96% at the end of 2024, indicating that deposit gathering is intrinsically linked to relationship management. You can see the financial results of this focus in the strong earnings performance through 2025, with Q3 2025 net income reaching $12.8 million.

Here's a quick look at the financial health supporting this long-term view as of the third quarter of 2025:

Metric	Q3 2025 Value	Comparison/Context
Net Income (Q3 2025)	$12.8 million	Up 53% from Q3 2024
Earnings Per Share (Q3 2025)	$0.68	Beat consensus estimate of $0.61
Net Interest Margin (Q3 2025)	3.58%	Tax equivalent basis
Revenue (Q3 2025)	$44.18 million	Exceeded consensus estimate by 1.78%

High-touch service for commercial lending clients

For commercial clients, the service model is explicitly high-touch. Commercial Lenders are tasked with managing diverse portfolios including C&I, CRE, Construction, Lines of Credit, and Letters of Credit, with an emphasis on C&I opportunities. Your lender is personally involved throughout the entire process, acting as a single point of contact. This team focuses on tailoring financial solutions and building life-long relationships. New and renewed commercial loans originated in Q1 2025 carried an average rate of 7.16%. Furthermore, the bank is prepared to support growth, as undrawn construction lines stood at $226 million at March 31, 2025.

The commitment to commercial clients is evident in their service structure:

• Lenders are active community business leaders with broad industry knowledge.
• Access to executive leaders interested in client business challenges is provided.
• The bank offers creative solutions and prompt answers for business needs.

Self-service via the omni-channel digital platform

While Civista Bancshares, Inc. champions the personal touch, they must compete in a digital landscape where over 83% of U.S. adults used digital banking services as of 2025. The company aspires to deepen customer relationships by enhancing its digital and technological capabilities both internally and externally. This means their omni-channel platform needs to support the general trend where 72% of global banking customers prefer using mobile apps for core services. The goal is to integrate digital tools so that self-service is seamless when needed, allowing relationship managers to focus on complex needs. The efficiency ratio improved to 64.5% in Q2 2025, suggesting operational improvements that can support digital scaling.

The digital platform must support key customer activities, which in the broader market include:

• 60% of users paying bills through online or mobile banking.
• 50% of users transferring between their own accounts digitally.
• 96% of consumers rating their mobile and online banking experience as good or better.

Finance: draft the Q4 2025 digital engagement metrics report by next Tuesday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Channels

You're looking at how Civista Bancshares, Inc. gets its services-from checking accounts to specialized financing-into the hands of its customers. It's a mix of old-school presence and modern digital tools, which makes sense for a regional bank with a specialized national division.

The core of the physical distribution relies on a network of brick-and-mortar sites. As of the third quarter of 2025, Civista Bank operates 44 locations across Ohio, Southeastern Indiana, and Northern Kentucky. This footprint was recently noted to be expanding following the November 6, 2025, completion of the merger with The Farmers Savings Bank, which specifically targeted Northeast Ohio. For context, the holding company reported total assets of approximately $4.4 billion at that time.

The digital channel is built around Civista Bank Digital Banking (CDB), which supports mobile and online access. While I don't have the latest active user count for late 2025, the mobile app offers concrete security features, such as the ability to turn your Civista Debit Mastercard on or off right from the app.

The specialized commercial equipment leasing division, Civista Leasing and Finance, operates nationwide, which is a key difference from the regional branch network. This division has a significant history of activity, having helped fund over 5,000 transactions across various industries since its founding.

Here's a quick look at the distribution points and specialized service reach:

Channel Component	Geographic Scope	Key Metric/Data Point (Late 2025)
Physical Branch Network (Civista Bank)	Ohio, Indiana, Kentucky	44 locations
Commercial Equipment Leasing Division	Nationwide (United States)	Over 5,000 transactions funded historically
Digital Banking (CDB)	Global Access (via Internet/Mobile)	Feature: Debit card on/off control

Beyond the primary branches and digital portals, Civista Bancshares, Inc. supports customer access through supporting infrastructure. You can use your debit card free at any of their ATMs, which they describe as an extensive network, allowing for withdrawals and balance checks. Telephone banking services also remain an available touchpoint for customers needing assistance.

The mix of channels supports the overall financial output; for instance, the third quarter of 2025 saw net income of $12.8 million, which is the result of transactions flowing through these various access points.

You can expect the following services to be accessible through these channels:

• Personal Banking services
• Business Banking services
• Wealth Management services
• Deposit Box rentals at local offices

Finance: draft a comparison of 2025 Q3 digital transaction volume versus Q3 2024 by next Tuesday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Customer Segments

You're looking at the core groups Civista Bancshares, Inc. serves, which are split between their regional bank operations and their national leasing division. Honestly, the customer base is clearly segmented by geography for traditional banking and by service type for specialized financing.

The primary regional footprint for Civista Bank covers Ohio, Southeastern Indiana, and Northern Kentucky, where they operate 42 locations as of mid-2025, expanding to 44 locations following the November 2025 merger with The Farmers Savings Bank. This structure points directly to serving local economies.

Small to mid-sized businesses in the regional footprint are a core focus, evidenced by the loan portfolio composition, which heavily features commercial lending categories. For instance, as of year-end 2024, Commercial Real Estate loans accounted for 52% of the total loan portfolio, and Commercial and Agriculture loans made up 11%. The growth in Q2 2025 was noted in Commercial Real Estate, specifically in non-owner occupied and owner-occupied categories.

Retail customers and households in Ohio, Indiana, and Kentucky are served through full-service banking, mortgage, and wealth management services. The bank has actively pursued deposit growth from these customers, including launching the Ohio Homebuyer Plus Program in May 2024, which brought in $100 million in deposits by the end of 2024. Following the November 2025 merger, the combined entity, with pro forma total assets of approximately $4.4 billion as of September 30, 2025, gained approximately $236 million in low-cost deposits.

Commercial Real Estate and Residential Real Estate developers are a key segment, as shown by the loan mix. Residential Real Estate loans were 25% of the portfolio at the end of 2024. Management specifically noted growth in Residential Real Estate in Q2 2025 due to meeting demand for home construction financing. The company also maintains specific loan categories for these sectors, including Commercial Real Estate - Owner Occupied, Commercial Real Estate - Non-Owner Occupied, Residential Real Estate, and Real Estate Construction. Undrawn construction lines stood at $173 million at September 30, 2025.

Businesses across the US seeking equipment financing are served by the Civista Leasing and Finance Division, which operates nationwide. This division is a distinct channel for customer acquisition outside the core tri-state banking area. For example, YTD 2024 production for Civista Leasing and Equipment Financing saw $89.7 million funded.

Here's a look at how the loan portfolio segments, based on the latest available detailed breakdown:

Loan Segment	Percentage of Total Loans (as of 12/31/2024)	Notes/Activity in 2025
Commercial Real Estate	52%	Continued growth noted in Q2 2025
Residential Real Estate	25%	Grew due to home construction financing demand in Q2 2025
Commercial and Agriculture	11%	Part of the growth in loan and lease balances in 2024
Lease Financing Receivable	Varies	YTD 2024 Funded Production was $89.7 million
Other Segments (e.g., Farm Real Estate, Consumer)	Remaining Percentage	Total Gross Loans were $3.0 billion at the end of 2024

The overall loan and lease balance for the combined entity was projected to be $3.2 billion as of September 30, 2025. The company is focused on deepening relationships, which is a key driver for acquiring these various customer types, from local retail depositors to national equipment leasing clients.

• Geographic Core: Ohio, Southeastern Indiana, and Northern Kentucky.
• National Service: Commercial equipment leasing available for businesses across the US.
• Loan Portfolio Concentration: Commercial Real Estate at 52% (2024 data).
• Post-Merger Size (Pro Forma 9/30/2025): Total Assets of approximately $4.4 billion.
• Key Deposit Initiative: Ohio Homebuyer Plus Program added $100 million in deposits in 2024.

Finance: draft the pro-forma loan mix incorporating the $104 million in net loans from The Farmers Savings Bank merger by next Tuesday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Cost Structure

You're looking at the core expenses Civista Bancshares, Inc. manages to run its operations as of mid-2025. Honestly, for a bank, the cost structure is dominated by the price of money and keeping the lights on across its footprint.

The cost of funds, which is essentially the interest paid on deposits and other borrowings, remains a major driver. For the second quarter of 2025, the cost of funds stood at 232 basis points. This was an improvement, coming in 30 basis points lower than the 261 basis points reported in the second quarter of 2024.

Overall operating costs, categorized as noninterest expense, showed discipline. For the quarter ended June 30, 2025, Civista Bancshares, Inc. reported noninterest expense of $27.5 million. This figure was 3.2% lower than the same period last year, which helped drive the improved efficiency ratio.

The efficiency ratio (noninterest expense divided by net revenue) is a key measure of how well Civista Bancshares, Inc. controls these overheads relative to its income generation. In Q2 2025, this ratio was 64.5%. This represents a tangible improvement from 72.6% in the second quarter of 2024.

Personnel and the physical branch network represent fixed and semi-fixed costs. As of June 2025, Civista Bank maintained 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky. Within the noninterest expense components, equipment expense showed a specific change, decreasing by $0.7 million for the second quarter of 2025 compared to the same period last year, attributed to normal depreciation and lower operating lease contract expenses.

While specific dollar amounts for technology investment aren't itemized in the top-line results, the drive for efficiency, evidenced by the lower expense base and improved ratio, suggests ongoing management of technology spend. The company's strategic moves, like the acquisition of The Farmers Savings Bank announced in July 2025, will certainly introduce new integration and technology costs going forward.

Here's a quick look at those key cost and efficiency metrics for Q2 2025:

Cost/Efficiency Metric	Amount/Rate (Q2 2025)	Context
Noninterest Expense	$27.5 million	For the quarter ended June 30, 2025
Cost of Funds	232 basis points	30 basis points lower than Q2 2024
Efficiency Ratio	64.5%	Compared to 72.6% in Q2 2024
Branch Network Size	42 locations	Across Ohio, Southeastern Indiana, and Northern Kentucky (as of June 2025)

The cost structure is being actively managed, which you see reflected in the expense reduction and the resulting better efficiency ratio. Still, managing the cost of deposits in a competitive rate environment remains a constant focus for Civista Bancshares, Inc.

• Equipment expense decreased by $0.7 million year-over-year for Q2 2025.
• Noninterest expense was 3.2% lower than Q2 2024.
• The cost of funds was 30 basis points lower than Q2 2024.

Finance: draft the projected noninterest expense impact from the Farmers Savings Bank merger integration for Q4 2025 by next Tuesday.

Civista Bancshares, Inc. (CIVB) - Canvas Business Model: Revenue Streams

You're looking at the core ways Civista Bancshares, Inc. brings in money as of late 2025. For a bank holding company, this is primarily driven by the spread between what they earn on assets and what they pay for liabilities, plus fees for services.

The primary engine is Net Interest Income (NII), which was reported at $34.8 million for the second quarter ended June 30, 2025. This figure represented a 25.5% increase compared to the second quarter of 2024. The net interest margin (NIM) for that same quarter improved to 3.64%.

Interest income from the loan portfolio is a major component feeding the NII. For the three months ended June 30, 2025, total interest and dividend income reached $56,271 thousand. The interest and fees on loans component of this total increased by $5,026 thousand year-over-year for Q2 2025.

Commercial Real Estate remains a key driver in the lending book. While management noted being more conservative in pricing CRE opportunities to manage the portfolio mix, the segment still saw growth. Specifically, loans secured by office buildings represented 4.8% of the total loan portfolio as of the end of Q2 2025. The loan and lease portfolio overall grew by $47.1 million from March 31, 2025, to June 30, 2025.

The company generates revenue through non-interest sources as well, though these can be more volatile. For instance, in Q2 2025, total noninterest income saw a significant year-over-year decrease of 36.5%, largely due to non-recurring adjustments related to the Civista Leasing and Finance Division core system conversion. Revenue streams in this area include service charges and wealth management fees.

Commercial equipment leasing revenue is sourced through the Civista Leasing and Finance (CLF) division. During the second quarter of 2025, loans and leases originated by this division carried an average rate of 9.05%.

Finally, direct returns to shareholders are managed through the common dividend. Civista Bancshares, Inc. announced a quarterly common dividend of $0.17 per share on October 22, 2025, consistent with the prior quarter. This translates to an annual dividend rate of $0.68 per share.

Here's a quick look at the key figures from the Q2 2025 period:

Revenue Component	Amount (Q2 2025)	Context/Rate
Net Interest Income	$34.8 million	Quarterly Figure
Total Interest and Dividend Income	$56,271 thousand	Quarterly Figure
Average Origination Rate - Leasing Division	9.05%	Q2 2025 Average
Office Building Loans as % of Total Loans	4.8%	As of June 30, 2025
Quarterly Common Dividend	$0.17 per share	Declared October 2025

The sources of fee-based income and their specific contribution are often bundled, but the operational focus is clear from the lending activity:

• Loan and lease balances grew by $47.1 million from the linked quarter.
• Residential Real Estate loans saw the most significant dollar increase, growing by $42 million.
• The company raised $80.5 million through a public offering in July 2025 to support growth initiatives.
• The efficiency ratio improved to 64.5% in Q2 2025 from 72.6% in Q2 2024.