Civista Bancshares, Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with net income rising to $46.2 million, up from $31.7 million in 2024. This 46% increase in profitability was driven by a notable rise in net interest income, which reached $138.6 million, an 18.7% increase from the previous year. The company attributed this growth to a combination of higher average interest-earning assets and a decrease in interest expenses, particularly from Federal Home Loan Bank (FHLB) advances and time deposits.
The company’s total assets grew to $4.34 billion, a 5.8% increase from $4.10 billion in 2024, largely due to the acquisition of The Farmers Savings Bank (FSB) in November 2025, which added approximately $268.1 million in total assets. The acquisition also contributed to a substantial increase in total loans and leases, which rose to $3.23 billion, reflecting a 6.1% increase from the prior year. Excluding the loans acquired from FSB, net loans increased by $82.3 million, indicating strong organic growth.
Civista's customer base expanded significantly, with total deposits increasing by 7.9% to $3.47 billion, bolstered by the FSB acquisition, which added $236.1 million in deposits. The company also reported a rise in its core deposit base, with savings and money market accounts growing by 9.5%. The total number of common shares outstanding increased to 20.75 million, primarily due to a public offering that raised approximately $75.7 million in net proceeds, which the company plans to use for general corporate purposes and potential growth opportunities.
Looking ahead, Civista Bancshares expressed optimism about its growth trajectory, emphasizing its commitment to maintaining robust capital and liquidity levels. As of December 31, 2025, the company reported a Tier 1 leverage ratio of 11.3%, significantly above regulatory requirements. The management team is focused on leveraging its recent acquisitions and expanding its product offerings to enhance customer relationships and drive future profitability. The company remains vigilant in monitoring economic conditions and credit quality, particularly given its significant exposure to real estate loans, which comprised a substantial portion of its loan portfolio.
About CIVISTA BANCSHARES, INC.
Civista Bancshares, Inc. is a financial holding company primarily engaged in banking through its subsidiary, Civista Bank. It offers a broad range of deposit, loan, trust, and wealth management services across Ohio, Indiana, and Kentucky. The company also operates a nationwide commercial equipment leasing division. Civista focuses on relationship banking, personalized service, and community involvement, serving individuals, businesses, and non-profits with competitive financial products and advisory solutions.
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