Civista Bancshares, Inc. (NASDAQ:CIVB) Q3 2022 Results Conference Call October 27, 2022 1:00 PM ET

Company Participants

Dennis Shaffer - President and CEO

Chuck Parcher - SVP and Chief Lending Officer

Rich Dutton - SVP and COO

Conference Call Participants

Terry McEvoy - Stephens

Tim Switzer - KBW

Paul Stark - Chief Credit Officer

Nick Cucharale - Piper Sandler

Manuel Navas - D.A. Davidson

Terry McEvoy - Stephens

Operator

Good day, and welcome to the Civista Bancshares' Third Quarter 2022 Earnings 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 the 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, he and the Civista management team will take any questions you may have.

Now I'd like to turn the call over to Mr. Shaffer.

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 third quarter 2022 earnings call. I am 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.

Let me start by noting several significant accomplishments or transactions that occurred during the third quarter. This morning, we reported net income of $11.1 million or $0.72 per diluted share for the third quarter of 2022 and net income of $27.3 million or $1.82 per diluted share for the 9 months ending September 30, 2022. This is a direct result of our continued focus on growing and diversifying our revenue streams and the disciplined approach that we take in managing the company.