CIVB · CIVB Q2 FY2026 earnings call record财报电话会记录

“Despite $68 million in early payoffs, our loan balances grew by $25.2 million, or at an annual growth rate of 3.1% during the quarter.”

“Based on our June 30th closing share price of $28.22, this represents a 2.55% yield and a dividend payout ratio of 26.14%.”

“The primary drivers of this increase were a $500,000 increase in service charges, which were related to increased fees from our business customers and increased overdraft fees generated from retail accounts, a $1.7 million increase in net gains on the sale of mortgage loans and leases related to increased sales volume on both loans and leases, coupled with more favorable pricing.”

“For the quarter, total loans and leases grew by $25 million, which represents an annualized growth rate of 3.1%.”

“At June 30th, 2026, our CRE to risk-based capital ratio was 262%.”

“At June 30th, 2026, our residential mortgage loan pipeline was up 14%, and our commercial loan pipeline was up 42% over the prior year.”

“In addition, as in previous years, tax payments by our commercial and retail customers, as well as the collection and distribution of funds by our municipal customers, put pressure on our deposit balances during the second quarter.”

“We believe our low-cost deposit franchise continues to be one of Civista's most valuable characteristics, contributing significantly to our solid net interest margin and overall profitability.”

“It has been my privilege to serve our customers, communities, shareholders, and my colleagues throughout my 17 years here at Civista.”

“On the non-interest expense side, we had expense of $28.7 million, a little bit better than the guidance we gave of $29.2 million to $29.7 million.”

“I think we expect our expenses to be in that $29.6 million to $30 million in Q3, and probably Q4 about the same.”

“Everything's on the table, and we continue to evaluate and determine dividend increases the best use of the capital share repurchases.”