CVB Financial

CVB Financial Corp. is a bank holding company, which engages in the provision of relationship-based banking products, services, and solutions for small to mid-sized companies, real estate investors, non-profit organizations, professionals, and other individuals through its subsidiary, Citizens Business Bank. Its products include loans for commercial businesses, commercial real estate, multi-family, construction, land, dairy and livestock and agribusiness, consumer and government-guaranteed small business loans. The company was founded by George A. Borba on April 27, 1981 and is headquartered in Ontario, CA.

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

CVB Financial reports record earnings, eyes growth amid emerging challenges

CVB Financial delivered strong financial performance in 2022, marked by record earnings and consistent profitability.
While facing challenges such as excess deposits and emerging credit concerns, the bank remains focused on maintaining strong capital levels and credit quality.
Opportunities for growth lie in acquiring new clients, leveraging tech initiatives for efficiency, and prioritizing capital allocation strategies.
Overall, CVB Financial's strategic focus on maintaining earnings consistency and solid credit quality positions it well for future growth and resilience.

CVB Financial posts robust Q1 earnings amidst deposit challenges

CVB Financial delivered strong financial performance in Q1 2023, focusing on core deposit growth and credit quality.
While facing challenges such as declining deposits and margin pressure, the company is proactive in managing its asset mix.
Opportunities lie in leveraging cash flow for loan expansion, exploring M&A prospects, and retaining deposits within the family.
Overall, CVB Financial's prudent financial management and strategic focus position it well for future growth and stability.

CVB Financial posts solid earnings, eyes NII growth and M&A

CVB Financial's Q2 2023 performance reflects consistent profitability and deposit growth, despite challenges in loan portfolio and credit losses.
The bank's strong capital position and focus on core values position it well for future opportunities in NII growth and potential M&A activities.
While facing expense increases and deposit cost pressures, CVB Financial remains optimistic about moderating challenges and pursuing strategic growth.

CVB Financial posts solid Q3 earnings, eyes deposit stability

CVB Financial delivered strong financial results in Q3 2023, maintaining profitability and solid asset quality amidst challenges in loan demand and expenses.
The company's focus on capital adequacy, revenue diversification, and deposit stability positions it well to navigate market conditions and pursue growth opportunities.
By addressing challenges in loan growth and expenses while leveraging opportunities in margin expansion and M&A, CVB Financial aims to sustain its financial strength and drive future performance.

CVB Financial reports strong Q4 earnings, eyes growth in 2024

CVB Financial (CVBF) delivered solid financial performance in Q4 2023 despite challenges in deposit levels and increased costs.
The bank's focus on small and medium-sized businesses, along with a positive outlook for 2024, positions it well for growth.
Efforts to manage expenses, optimize income streams, and navigate economic conditions will be key focus areas for sustained success.

CVB Financial reports solid Q1 earnings amidst strategic growth plans

CVB Financial's Q1 2024 performance reflects stability, profitability, and strategic focus on growth.
Despite challenges in net interest income and loan portfolio, the company maintains strong asset quality.
Opportunities in M&A and capital management strategies position CVB Financial for future growth.
Overall, CVB Financial's consistent financial performance and prudent decision-making support long-term value.

CVB Financial posts solid Q2 earnings, eyes funding optimization

CVB Financial delivered strong financial performance in Q2 2024, maintaining profitability and dividend consistency.
While facing challenges in net interest income and loan portfolio, the company's focus on expense management is commendable.
Opportunities lie in optimizing funding strategies and exploring avenues for revenue growth through noninterest income.

CVB Financial posts solid Q3 earnings amidst loan growth challenges

CVB Financial delivered strong financial results in Q3 2024, maintaining profitability and dividend consistency while focusing on operational efficiency.
Despite facing challenges like tepid loan demand and cost pressures, the company's stable credit quality and customer-centric approach position them well for growth.
By exploring capital management strategies and new industry relationships, CVB Financial can leverage opportunities for sustained performance and market expansion.

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Fourth Quarter 2023 Net Earnings of $48.5 million, or $0.35 per share FDIC Special Assessment of $9.2 million ($0.04 decrease in EPS) Full Year 2023 Net Earnings of $221.4 million, or $1.59 per share Efficiency Ratio of 42.0% Return on Average Assets of 1.35% Return on Average Tangible Common Equity of 18.48% ONTARIO, Calif., Jan. 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter and the year ended December 31, 2023.

CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2023

CVB Financial (CVBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: CVB Financial (CVBF) Q4 Earnings Expected to Decline

ONTARIO, CA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the fourth quarter of 2023.  This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on December 20, 2023. The quarterly dividend will be payable on or about January 22, 2024 to shareholders of record as of January 5, 2024.

CVB Financial Corp. Announces 137th Consecutive Quarterly Cash Dividend

CVB Financial Corporation (CVBF) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for CVB Financial (CVBF) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, CVB Financial (CVBF) Q3 Earnings: A Look at Key Metrics

CVB Financial (CVBF) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.46 per share a year ago.

CVB Financial (CVBF) Surpasses Q3 Earnings and Revenue Estimates

ONTARIO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended September 30, 2023.

CVB Financial Corp. Reports Earnings for the Third Quarter 2023

CVB Financial is a holding company of Citizens Business Bank, a top-performing community bank in California with over $16 billion in assets. The bank has one of the lowest funding costs in the industry, making it cost competitive in its core commercial lending business. Their high ratio of non-interest-bearing deposits and stable deposit base contribute to its cost advantage and overall financial position.

CVB Financial: Cost Leader Navigating Choppy Waters

ONTARIO, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the third quarter of 2023.  This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on September 20, 2023. The quarterly dividend will be payable on or about October 19, 2023 to shareholders of record as of October 4, 2023.

CVB Financial Corp. Announces 136th Consecutive Cash Dividend

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CVB Financial Corp. (NASDAQ:CVBF ) Q2 2023 Earnings Call Transcript July 27, 2023 10:30 AM ET Company Participants Christina Carrabino - Investor Relations Dave Brager - President and Chief Executive Officer Allen Nicholson - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Gerlinger - Hovde Group Gary Tenner - DA Davidson Matthew Clark - Piper Sandler Kelly Motta - KBW Tim Coffey - Janney Montgomery Operator Good morning, ladies and gentlemen, and welcome to the Second Quarter 2023 CVB Financial Corporation and its subsidiary Citizens Business Bank Earnings Conference Call. My name is Cherie, and I am your operator for today.

CVB Financial Corp. (CVBF) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for CVB Financial (CVBF) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

CVB Financial (CVBF) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

CVB Financial (CVBF) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.42 per share a year ago.

CVB Financial (CVBF) Beats Q2 Earnings Estimates

ONTARIO, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended June 30, 2023.

CVB Financial Corp. Reports Earnings for the Second Quarter 2023

ONTARIO, Calif., June 21, 2023 (GLOBE NEWSWIRE) --  CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2023.   This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on June 21, 2023. The quarterly dividend will be payable on or about July 20, 2023 to shareholders of record as of July 6, 2023.

CVB Financial Corp. Announces 135th Consecutive Cash Dividend

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CVB Financial Corp. (NASDAQ:CVBF ) Q1 2023 Earnings Conference Call April 27, 2023 10:30 AM ET Company Participants Christina Carrabino - Investor Relations David Brager - President and Chief Executive Officer Allen Nicholson - Executive Vice President and Chief Financial Officer Conference Call Participants David Feaster - Raymond James Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler Kelly Motta - KBW Timothy Coffey - Janney Scott Montgomery Operator Good morning, ladies and gentlemen, and welcome to the First Quarter of the 2023 CVB Financial Corporation and its subsidiary Citizens Business Bank Earnings Conference Call.

CVB Financial Corp. (CVBF) Q1 2023 Earnings Call Transcript

CVB Financial (CVBF) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.31 per share a year ago.

CVB Financial (CVBF) Q1 Earnings and Revenues Miss Estimates

First Quarter 2023 Highlights Net Earnings of $59.3 million, or $0.42 per share Return on Average Tangible Common Equity of 20.59% Return on Average Assets of 1.47% Noninterest-bearing deposits 63.92% of total deposits Cost of deposits of 0.17% ONTARIO, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended March 31, 2023.

CVB Financial Corp. Reports Earnings for the First Quarter 2023

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Strong Mid-Cap Insider Buys: Q1 2023

CVB Financial (CVBF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CVB Financial (CVBF) Earnings Expected to Grow: Should You Buy?

ONTARIO, Calif., March 29, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF), the holding company for Citizens Business Bank, was ranked by S&P Global Market Intelligence as the third best-performing public bank with assets greater than $10 billion in the United States for 2022. S&P Global Market Intelligence recently released its annual rankings of the best-performing U.S. public banks with assets exceeding $10 billion. Ontario, Calif.-based CVB Financial Corp. was ranked third overall and was the only bank in the analysis of the top 50 U.S. public banks to score better than the industry median for all seven metrics that were considered in the ranking. “It is a great honor to be recognized by S&P Global Market Intelligence as one of the top three banks in the country,” said David A. Brager, President and Chief Executive Officer of CVB Financial Corp. and Citizens Business Bank. “Citizens Business Bank continues to be a steady and reliable business partner to our customers, providing a wide array of financial services through various economic cycles. Our continued success can be attributed to the strength and loyalty of our customers, our solid financial position, and the dedication and talent of our associates.” To establish its rankings, S&P Global Market Intelligence looked at the 2022 financial performance of operating U.S. public banks with total assets exceeding $10 billion as of the end of 2022. Companies were ranked based on three major categories: growth, profitability and safety and soundness. Corporate Overview CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with over $16 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services with more than 60 banking centers and 4 trust office locations serving California. Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab.

CVB Financial Corp. (holding company for Citizens Business Bank) Ranked the Third Best-Performing U.S. Public Bank by S&P Global Market Intelligence

ONTARIO, Calif., March 22, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the first quarter of 2023. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on March 22, 2023. The quarterly dividend will be payable on or about April 19, 2023 to shareholders of record as of April 5, 2023.

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