2 unchanged sentences
In view of the inherent difficulty of predicting the outcome of such matters, the Company cannot state what the eventual outcome of any such matters will be.
−Removed: However, based on current knowledge and after consultation with legal counsel, management believes these proceedings will not have a material adverse effect on the consolidated financial position, results of operations or liquidity of CBI or Civista.
+Added: However, based on current knowledge and after consultation with legal counsel, management believes that damages, if any, and other amounts related to pending legal proceedings will not have a material adverse effect on the consolidated financial position, results of operations or liquidity of CBI or Civista.
Ri sk Factors
There were no material changes during the current period to the risk factors disclosed in "Item 1A.
−Removed: Risk Factors" of Part 1 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
+Added: Risk Factors" of Part 1 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 except as set forth below:
+Added: Significant changes to the size, structure, powers and operations of the federal government, changes to U.S.
+Added: economic policies, and uncertainties regarding the potential for these changes may cause economic disruptions that could, in turn, adversely impact our business, results of operations and financial condition.
+Added: The current U.S.
+Added: administration has implemented significant changes in federal priorities and has taken steps to change the operations, structure, and policy focus of various federal agencies, as well as regulatory priorities, policy approaches and interpretations of existing laws by those federal agencies.
+Added: These developments in the federal government may have varying effects on the banking and financial services industry that are difficult to predict, which makes it difficult for us to anticipate and mitigate attendant risks.
+Added: Compliance with changing federal and regulatory priorities could, among other things, increase the costs of operating our business, reduce the demand for our products and services, impact our ability to achieve our business goals, and increase our legal, operational and reputational risks, any or all of which could materially adversely affect our results of operations.
+Added: The current U.S.
+Added: administration also has implemented rapid shifts in macroeconomic policies, such as those relating to trade restrictions and tariffs, which have created significant uncertainties regarding U.S.
+Added: economic growth, the potential for recession, and concerns over an increase in inflation.
+Added: In particular, these economic policies have created significant instability in the trade relationship between the U.S.
+Added: and various global economies, including tariff escalations.
+Added: In order to limit the impact of unpredictable U.S.
+Added: actions, global companies and governments may reduce the use of the U.S.
+Added: dollar in world trade and financial transactions, which could result in further volatility in the financial markets and U.S.
+Added: Slow economic growth, economic contraction or recession, or shifts in broader consumer and business trends in the markets we serve would significantly impact our ability to originate loans, the ability of borrowers to repay loans, and the value of the collateral securing loans.
+Added: Regional business and economic conditions are a major driver of our results of operations.
+Added: Difficult conditions in the regional business and economic environment, including those caused by the lack of stability and predictability of U.S.
+Added: policymaking, may materially adversely affect our operating expenses, the quality of our assets, credit losses, and the demand for our products and services.
+Added: Civista Bancshares, Inc.
+Added: Other Information
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.