CVB Financial (CVBF)
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CVB Financial (CVBF) - 2024 Q4 - Earnings Call Transcript
2025-01-24 02:25
CVB Financial Corporation (NASDAQ:CVBF) Q4 2024 Earnings Conference Call January 23, 2024 10:30 AM ET Company Participants Allen Nicholson - EVP & CFO David Brager - President, CEO & Director Conference Call Participants David Feaster - Raymond James Andrew Terrell - Stephens Ahmad Hasan - D.A. Davidson & Co. Adam Butler - Piper Sandler & Co. Kelly Motta - KBW Timothy Coffey - Janney Montgomery Scott Operator Good morning, ladies and gentlemen, and welcome to the Fourth Quarter of 2024 CVB Financial Corpora ...
CVB Financial (CVBF) - 2024 Q4 - Annual Results
2025-01-23 11:03
Exhibit 99.1 Press Release For Immediate Release Contact: David A. Brager President and Chief Executive Officer (909) 980-4030 CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2024 Fourth Quarter 2024 Full Year 2024 Ontario, CA, January 22, 2025-CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter and the year ended December 31, 2024. CVB Financial Corp. reported net income of $50.9 million for the quar ...
CVB Financial (CVBF) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2025-01-23 01:00
CVB Financial (CVBF) reported $123.52 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 10.8%. EPS of $0.36 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $128.07 million, representing a surprise of -3.55%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $0.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...
CVB Financial (CVBF) Q4 Earnings Beat Estimates
ZACKS· 2025-01-23 00:05
CVB Financial (CVBF) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.88%. A quarter ago, it was expected that this bank holding company would post earnings of $0.35 per share when it actually produced earnings of $0.37, delivering a surprise of 5.71%.Over the last four quarters, the ...
CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2024
Newsfilter· 2025-01-22 21:52
Fourth Quarter 2024 Net Earnings of $51 million, or $0.36 per share Return on Average Assets of 1.30%Net Interest Margin of 3.18% Full Year 2024 Net Earnings of $201 million, or $1.44 per share Return on Average Tangible Common Equity of 14.95% Ontario, CA, Jan. 22, 2025 (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, 2024. CVB Financial Corp. reported net income of $50.9 mi ...
Citizens Business Bank Donates $200,000 to Los Angeles Wildfire Relief Organizations
GlobeNewswire· 2025-01-22 00:58
Corporate Donation and Community Support - Citizens Business Bank has committed $200,000 to local community organizations for wildfire relief in Los Angeles County [1] - The donation will be distributed equally among four organizations, each receiving $50,000 [2] - The recipient organizations include Foothill Unity Center, Union Station Homeless Services, Pasadena Community Foundation's Eaton Fire Relief & Recovery Fund, and the Los Angeles Regional Food Bank [2] - The Bank's President and CEO emphasized the devastating impact of wildfires on Southern California and the need for community support [3] Corporate Overview - CVB Financial Corp is the holding company for Citizens Business Bank and is one of the 10 largest bank holding companies headquartered in California [5] - CVB Financial Corp has total assets exceeding $15 billion [5] - Citizens Business Bank operates more than 60 banking centers and three trust office locations across California [5] - The Bank is recognized as one of the top-performing banks in the nation, offering a wide range of banking, lending, and investing services [5] Investor Information - Shares of CVB Financial Corp are listed on NASDAQ under the ticker symbol "CVBF" [6] - Investor information is available on the Citizens Business Bank website under the "Investors" tab [6]
CVB Financial Corp. Announces 141st Consecutive Quarterly Cash Dividend
Newsfilter· 2024-12-16 21:30
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. "We are pleased to announce our 141st consecutive quarterly cash dividend paid ...
CVB Financial Rewards Shareholders With New Share Repurchase Plan
ZACKS· 2024-11-25 16:25
CVB Financial Corp. (CVBF) authorized a share buyback plan of 10 million shares of the company’s common stock under the 2024 Repurchase Program. This authorization replaces CVBF’s previous share repurchase program from 2022, which had the same authorization amount. As of Sept. 30, 2024, 4.3 million shares remained available for repurchase. David A. Brager, president and CEO of CVBF, said, “The approval of this share repurchase program reflects our robust capital position, consistent track record of producin ...
CVB Financial Corp. Announces Authorization of 10 Million Share Repurchase Plan
GlobeNewswire News Room· 2024-11-21 19:47
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 pri ...
CVB Financial (CVBF) - 2024 Q3 - Quarterly Report
2024-11-07 19:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 000-10140 CVB FINANCIAL CORP. (Exact name of registrant as specified in its charter) California 95-3629339 (State or o ...