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 2024

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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Ontario, CA, Dec. 16, 2024 (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 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on December 16, 2024. The quarterly dividend will be payable on or about January 15, 2025 to shareholders of record as of December 31, 2024.

CVB Financial Corp. Announces 141st Consecutive Quarterly Cash Dividend

CVBF announces a new share repurchase program of 10 million. Given its decent liquidity profile, this looks sustainable.

CVB Financial Rewards Shareholders With New Share Repurchase Plan

Ontario, CA, Nov. 21, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) announced that, at its regular meeting on November 20, 2024, the Board of Directors of CVB Financial Corp. (the “Company”), the holding company for Citizens Business Bank, authorized the Company to repurchase up to 10,000,000 shares of the Company's common stock (the “2024 Repurchase Program”), including by means of one or more Rule 10b5-1 plans or other appropriate buy-back arrangements, including open market purchases and private transactions.

CVB Financial Corp. Announces Authorization of 10 Million Share Repurchase Plan

Fiserv Inc

ORANGE COUNTY, Calif.--(BUSINESS WIRE)-- #AheadGrant--Genesis Bank (“Genesis” or the “Bank”), announced today that the Genesis for Good Foundation (“GFG”) will receive a $100,000 grant in support of its Catalyst Empowerment Grant Program, awarded by the Federal Home Loan Bank of San Francisco (“FHLBank San Francisco”) AHEAD Program in partnership with CVB Financial Corp., which is the holding company for Citizens Business Bank. Working in concert with Genesis Bank and the Genesis Bank Institute for Entrepren.

Genesis for Good Foundation Awarded a Grant to Empower Small Businesses and Historically Marginalized Entrepreneurs

Although the revenue and EPS for CVB Financial (CVBF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CVB Financial (CVBF) Reports Q3 Earnings: What Key Metrics Have to Say

CVB Financial (CVBF) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.42 per share a year ago.

CVB Financial (CVBF) Tops Q3 Earnings Estimates

Third Quarter 2024 Net Earnings of $51 million, or $0.37 per share Return on Average Assets of 1.23% Return on Average Tangible Common Equity of 14.93% Net Interest Margin of 3.05% Ontario, CA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended September 30, 2024. CVB Financial Corp. reported net income of $51.2 million for the quarter ended September 30, 2024, compared with $50.0 million for the second quarter of 2024 and $57.9 million for the third quarter of 2023.

CVB Financial Corp. Reports Earnings for the Third Quarter 2024

Evaluate the expected performance of CVB Financial (CVBF) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

CVB Financial (CVBF) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

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) Q3 Earnings Expected to Decline

Shares of CVB Financial Corp (CVBF, Financial) surged 4.37% in mid-day trading on Oct 2. The stock reached an intraday high of $18.22, before settling at $18.15, up from its previous close of $17.39.

CVB Financial Corp (CVBF) Shares Up 4.37% on Oct 2

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This Salesforce Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

ONTARIO, CA, Sept. 16, 2024 (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 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on September 16, 2024. The quarterly dividend will be payable on or about October 14, 2024 to shareholders of record as of September 30, 2024.

CVB Financial Corp. Announces 140th Consecutive Quarterly Cash Dividend

CVB Financial Corp. (NASDAQ:CVBF ) Q2 2024 Earnings Conference Call July 25, 2024 10:30 AM ET Company Participants David A. Brager - President and Chief Executive Officer Allen Nicholson - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Kelly Motta - KBW Ahmad Hasan - D.

CVB Financial Corp. (CVBF) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for CVB Financial (CVBF) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, CVB Financial (CVBF) Q2 Earnings: A Look at Key Metrics

CVB Financial (CVBF) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.40 per share a year ago.

CVB Financial (CVBF) Q2 Earnings Surpass Estimates

Second Quarter 2024 Net Earnings of $50 million, or $0.36 per share Return on Average Assets of 1.24% Return on Average Tangible Common Equity of 15.51% Net Interest Margin of 3.05% ONTARIO, CA, July 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended June 30, 2024. CVB Financial Corp. reported net income of $50.0 million for the quarter ended June 30, 2024, compared with $48.6 million for the first quarter of 2024 and $55.8 million for the second quarter of 2023.

CVB Financial Corp. Reports Earnings for the Second Quarter 2024

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Chemung Financial

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Analysts Estimate CVB Financial (CVBF) to Report a Decline in Earnings: What to Look Out for

ONTARIO, CA, June 26, 2024 (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 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on June 26, 2024. The quarterly dividend will be payable on or about July 25, 2024 to shareholders of record as of July 11, 2024.

CVB Financial Corp. Announces 139th Consecutive Quarterly Cash Dividend

The upcoming falling interest-rate environment will likely squeeze the margin. I'm expecting earnings to fall by 12% to $1.39 per share. The year-end target price suggests an upside of around 12.7%.

CVB Financial: Attractively Valued, But Earnings Likely To Dip

CVB Financial Corp. (CVBF) Q1 2024 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 March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

CVB Financial (CVBF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

CVB Financial (CVBF) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.42 per share a year ago.

CVB Financial (CVBF) Matches Q1 Earnings Estimates

First Quarter 2024 Net Earnings of $48.6 million, or $0.35 per share Return on Average Assets of 1.21% Return on Average Tangible Common Equity of 15.13% Net Interest Margin of 3.10% ONTARIO, CA, April 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended March 31, 2024. CVB Financial Corp. reported net income of $48.6 million for the quarter ended March 31, 2024, compared with $48.5 million for the fourth quarter of 2023 and $59.3 million for the first quarter of 2023.

CVB Financial Corp. Reports Earnings for the First Quarter 2024

ONTARIO, CA, March 20, 2024 (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 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on March 20, 2024. The quarterly dividend will be payable on or about April 17, 2024 to shareholders of record as of April 3, 2024.

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