Civista Bancshares, Inc. (NASDAQ:CIVB) Q1 2023 Results Conference Call April 28, 2023 1:00 PM ET

Company Participants

Dennis Shaffer - President and CEO

Rich Dutton - SVP and COO

Chuck Parcher - SVP and Chief Lending Officer

Paul Stark - SVP

Conference Call Participants

Terry McEvoy - Stephens

Tim Switzer - KBW

Manuel Navas - D.A. Davidson

Ben Gerlinger - Hovde Group

Dan Cardenas - Janney Montgomery Scott

Operator

Good day, and welcome to the Civista Bancshares First Quarter 2023 Earnings Conference Call. [Operator Instructions]

Before we begin, I would like to remind you that this conference call may contain forward-looking statements with respect to the future performance and financial condition of Civista Bancshares, Inc. that involve risks and uncertainties. Various factors could cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. These factors are discussed in the Company’s SEC filings, which are available on the Company’s website. The Company disclaims any obligation to update any forward-looking statements made during the call.

Additionally, management may refer to non-GAAP measures, which are intended to supplement, but not substitute the most directly comparable GAAP measures. The press release, also available on the Company’s website, contains the financial and other quantitative information to be discussed today as well as a reconciliation of the GAAP to non-GAAP measures. This call will be recorded and made available on Civista Bancshares website at www.civb.com. At the conclusion of Mr. Shaffer’s remarks today, he and the Civista management team will take any questions that you may have.

Now I will turn the call over to Mr. Shaffer. Please go ahead, sir.

Dennis Shaffer

Good afternoon. This is Dennis Shaffer, President and CEO of Civista Bancshares. And I would like to thank you for joining us for our first quarter 2023 earnings call. I’m joined today by Rich Dutton, SVP of the Company and Chief Operating Officer of the bank; Chuck Parcher, SVP of the Company and Chief Lending Officer of the bank; and other members of our executive team.

Given the recent events in the banking industry, I would like to start off my comments by discussing our deposits, liquidity, credit and capital positions.

First, we have seen very little unusual movement in our deposits. Our staff has been proactively engaging our customers and educating them on the strength of Civista and how we differ from the banks that recently failed. In addition, our employees have done a tremendous job in providing our customers options to maximize FDIC insurance coverage.