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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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, Calif., Dec. 15, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the fourth quarter of 2021. The dividend was approved at the Company's regularly scheduled Board of Directors meeting held on December 15, 2021. The dividend will be payable on or about January 12, 2022 to shareholders of record as of December 29, 2021.

CVB Financial Corp. Announces 129th Consecutive Cash Dividend

CVB Financial (CVBF) announces that the $204-million-merger deal between Suncrest Bank and Citizens Business Bank has received regulatory approvals.

CVB Financial (CVBF)-Suncrest Merger Gets Regulatory Approvals

Closing of Transaction Anticipated to Take Place on or about January 7, 2022 Closing of Transaction Anticipated to Take Place on or about January 7, 2022

Citizens Business Bank Receives Regulatory Approvals to Acquire Suncrest Bank

CVB Financial's (CVBF) CEO Dave Brager on Q3 2021 Results - Earnings Call Transcript

CVB Financial (CVBF) delivered earnings and revenue surprises of 2.78% and -4.79%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

CVB Financial (CVBF) Beats Q3 Earnings Estimates

ONTARIO, Calif., Oct. 20, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended September 30, 2021.

CVB Financial Corp. Reports Earnings for the Third Quarter of 2021

CVB Financial (NASDAQ:CVBF) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

CVB Financial Earnings Preview

ONTARIO, Calif., Sept. 23, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced today that effective immediately it has terminated its 10b5-1 stock repurchase program in order to comply with Regulation M under the Securities Exchange Act of 1934, as amended. The termination is related to the announced acquisition by the Company and its principal subsidiary, Citizens Business Bank, of Suncrest Bank. Suncrest Bank will be engaged in a proxy solicitation associated with the prospective issuance of the Company's common stock in connection with the Agreement and Plan of Reorganization and Merger among the Company, its principal subsidiary, Citizens Business Bank and Suncrest Bank, dated July 27, 2021, which in turn caused Regulation M to become applicable to any repurchases by the Company of its common stock. The Company's Board of Directors previously authorized the Company to repurchase up to 10,000,000 shares of the Company's common stock. During the third quarter of 2021, the Company repurchased 390,336 shares of common stock, at an average price of $18.97, and as of September 23, 2021, 4,194,809 shares remain available for repurchase.

CVB Financial Corp. Announces Termination of its 10b5-1 Stock Repurchase Program

ONTARIO, Calif., Sept. 22, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the third quarter of 2021. The dividend was approved at the Company's regularly scheduled Board of Directors meeting held on September 22, 2021. The dividend will be payable on or about October 21, 2021 to shareholders of record as of October 6, 2021.

CVB Financial Corp. Announces 128th Consecutive Cash Dividend

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I remain cautious about equity valuations. Bank valuations today are in line with historic averages.

Cautious Dividend Investor Alert: 18 Banks With Decent Yields And Superior Risk-Adjusted Returns

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Suncrest Bank (OTC: SBKK) to CVB Financial Corp. (Nasdaq: CVBF). Under the terms of the proposed transaction, shareholders of Suncrest will receive only 0.6970 shares of CVB and $2.69 per share in cash for each share of Suncrest that they own. KSF is seeking to determine whether this consideration and the proc

SUNCREST BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Suncrest Bank - SBKK

NEW YORK, July 28, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Suncrest Bank ("Suncrest" or the "Company") (OTCQX: SBKK) in connection with the proposed cash-and-stock acquisition of the Company by CVB Financial Corp. ("CVB") (NASDAQ: CVBF).  Under the terms of the merger agreement, Suncrest shareholders will receive $2.69 in cash and 0.6970 shares of CVB stock for each Suncrest share they own, representing implied per-share merger consideration of approximately $16.09 based upon CVB's July 27, 2021 closing price of $19.23.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Suncrest Bank

CVB Financial Corp. and Suncrest Bank Announce Agreement to Merge

CVB Financial Corp. (CVBF) CEO Dave Brager on Q2 2021 Results - Earnings Call Transcript

CVB Financial (CVBF) delivered earnings and revenue surprises of 8.57% and -0.18%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

CVB Financial (CVBF) Tops Q2 Earnings Estimates

Shares of CVB Financial (NASDAQ:CVBF) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 22.58% over the past year to $0.38, which beat the estimate of $0.35.

Recap: CVB Financial Q2 Earnings

ONTARIO, Calif., July 21, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended June 30, 2021.

CVB Financial Corp. Reports Earnings for the Second Quarter of 2021

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.

CVB Financial (CVBF) Earnings Expected to Grow: What to Know Ahead of Q2 Release

ONTARIO, Calif., June 16, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the second quarter of 2021. The dividend was approved at the Company's regularly scheduled Board of Directors meeting held on June 16, 2021. The dividend will be payable on or about July 15, 2021 to shareholders of record as of June 30, 2021.

CVB Financial Corp. Announces 127th Consecutive Cash Dividend

CVB Financial Corp. (CVBF) CEO Dave Brager on Q1 2021 Results - Earnings Call Transcript

CVB Financial (CVBF) delivered earnings and revenue surprises of 27.03% and -1.97%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

CVB Financial (CVBF) Q1 Earnings Beat Estimates

ONTARIO, Calif., April 21, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended March 31, 2021.

CVB Financial Corp. Reports Earnings for the First Quarter of 2021

ONTARIO, Calif., April 12, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (“CVBF”), the holding company for Citizens Business Bank (“CBB”), is pleased to announce the appointment of Brian T. Mauntel as the President of CBB, effective April 26, 2021. In his new position, Mr. Mauntel will be responsible for overseeing the Bank's 57 business financial centers, specialty lending groups including Dairy & Livestock and Agribusiness, sales support groups, and our wealth management division, CitizensTrust. “After an extensive search, we are pleased to have found and hired a President with deep leadership experience in financial services and business banking,” said David A. Brager, CVBF's and CBB's Chief Executive Officer. “He will be overseeing an accomplished sales leadership team who are responsible for all customer facing business units. I'm confident that Brian's broad experience and understanding of financial services and business banking will enable us to put even more emphasis on organically and prudently growing our strong deposit, lending and investment franchises.” Mr. Mauntel has over 29 years of banking experience focused on commercial and business lending and business operations, serving 23 years with Fifth Third Bank, including overseeing and building out a national business banking platform. Mr. Mauntel was most recently with Heartland Bank in Ohio as its President and Chief Operating Officer. Mr. Mauntel received his Bachelor of Science in Business Administration, Finance, and Master of Business Administration, Marketing, from Xavier University in Ohio. “Citizens Business Bank has a long history of outstanding performance, and I am honored to be chosen as President for the organization named #1 on Forbes' America's Best Banks list for the past two years in a row,” said Mr. Mauntel. “I'm eager to contribute and help enhance this strong record of achievement going forward.”

Citizens Business Bank Hires President

ONTARIO, Calif., March 17, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the first quarter of 2021. The dividend was approved at the Company's regularly scheduled Board of Directors meeting held on March 17, 2021. The dividend will be payable on or about April 14, 2021 to shareholders of record as of March 31, 2021.

CVB Financial Corp. Announces 126th Consecutive Cash Dividend

ONTARIO, Calif., Jan. 29, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF), the holding company for Citizens Business Bank, has earned the ranking of “Best Bank in America” for the second consecutive year, according to Forbes' America's Best Banks 2021.

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