Financial Data and Key Metrics Changes - For Q1 2022, the company reported net earnings of $45.6 million, or $0.31 per share, down from $47.7 million or $0.35 per share in Q4 2021, and $63.9 million or $0.47 per share in Q1 2021 [5][6] - Pre-tax pre-provision income was $65.9 million, compared to $66.8 million in the previous quarter and $70 million in the same quarter last year [8] - The net interest margin expanded by 11 basis points compared to Q4 2021, reaching 2.9% [9][32] Business Line Data and Key Metrics Changes - New loan production was strong, with new loan commitments of approximately $439 million, a 14% increase year-over-year [11] - Total loans at quarter-end were $8.6 billion, including $766 million from Suncrest Bank, but excluding this, loans declined by $70.5 million [11][12] - Core loan growth was led by commercial real estate loans, which grew by $100 million, and C&I loans, which increased by $27 million [12] Market Data and Key Metrics Changes - Total deposits and customer repurchase agreements increased to $15.1 billion from $13.6 billion at the end of Q4 2021 [17] - Non-interest bearing deposits were $9.1 billion, up from $8.1 billion in the previous quarter [18] - The bank's funding cost remained low at three basis points, unchanged from the prior quarter [19][36] Company Strategy and Development Direction - The company completed the acquisition of Suncrest Bank, which is expected to enhance its market presence and customer base [7][46] - The management emphasized a focus on maintaining a strong core deposit base and disciplined approach to rising interest rates [56][70] - The company is open to future M&A opportunities, particularly within or adjacent to its footprint, while maintaining a disciplined approach [71] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about inflation, supply chain disruptions, and potential recession risks, but remains optimistic about credit quality and loan growth [44][62] - The economic forecast assumes GDP growth of 2.6% in 2022, with an unemployment rate of 4.3% [25] - The company aims to leverage the acquisition of Suncrest to expand its product offerings and geographic footprint [41][46] Other Important Information - Non-interest income for Q1 2022 was $11.3 million, down from $12.4 million in the previous quarter [38] - Non-interest expense increased to $58.2 million, primarily due to acquisition-related costs [42] - The efficiency ratio was 46.9%, indicating a slight increase from the previous quarter [44] Q&A Session Summary Question: Outlook on loan yields given Fed rate hikes - Management indicated that loan yields are now above 4% and expect a positive trend due to competitive pressures [48] Question: Loan pipeline and growth outlook - The loan pipeline remains strong, with some contributions from the Suncrest acquisition, but potential headwinds from rising rates were noted [49][50] Question: Share buyback strategy amid macro uncertainty - The company plans to remain modestly active in share repurchases, despite macroeconomic uncertainties [51] Question: Insights on deposit trends and expectations - Management expects to continue focusing on non-interest bearing deposits, with potential slowdowns in interest-bearing deposits [55][56] Question: Asset quality and credit management - The company has not tightened its credit box and remains disciplined in underwriting, with a focus on monitoring economic conditions [58][59] Question: Future M&A appetite - The company is still interested in M&A opportunities, particularly in the $1 billion to $10 billion range, while remaining disciplined [71]

April 2022 cbbank.com Forward Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor for such statements provided by the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of the management of CVB Financial Corp. and Citizens Business Bank (collectively, the "Company") and are subject to significant risks and uncertainties that could cause actual results or performance to di ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2021 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 other jurisd ...

January 2022 cbbank.com Forward Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor for such statements provided by the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of the management of CVB Financial Corp. and Citizens Business Bank (collectively, the "Company") and are subject to significant risks and uncertainties that could cause actual results or performance to ...

CVB Financial Corp. (NASDAQ:CVBF) Q4 2021 Earnings Conference Call January 27, 2022 10:30 AM ET Company Participants Dave Brager – Chief Executive Officer Allen Nicholson – Executive Vice President and Chief Financial Officer Christina Carrabino – Investor Relations Conference Call Participants Matthew Clark – Piper Sandler David Feaster – Raymond James Gary Tenner – D.A. Davidson Kelly Motta – KBW Tim Coffey – Janney Operator Good morning, ladies and gentlemen. And welcome to the Fourth Quarter and Year-en ...

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, 2021 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 ...

CVB Financial Corp. (NASDAQ:CVBF) Q3 2021 Earnings Conference Call October 21, 2021 10:30 AM ET Company Participants Christina Carrabino – Investor Relations Dave Brager – Chief Executive Officer Allen Nicholson – Executive Vice President and Chief Financial Officer Conference Call Participants Brett Rabatin – Hovde Group Gary Tenner – D.A. Davidson Matthew Clark – Piper Sandler David Feaster – Raymond James Operator Good morning, ladies and gentlemen, and welcome to the Third Quarter 2021 CVB Financial Cor ...

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 June 30, 2021 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 other ...

CVB Financial Corp. (NASDAQ:CVBF) Q2 2021 Results Earnings Conference Call July 22, 2021 8:00 AM ET Company Participants Christina Carrabino - Investor Relations, President and Principal at CLC Communications, Inc. Dave Brager - Chief Executive Officer Allen Nicholson - Executive Vice President, Chief Financial Officer Conference Call Participants Jackie Bohlen - KBW Ben Gerlinger - Hovde Group Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Tim Coffey - Janney Operator Good morning, ladies and ge ...

July 2021 cbbank.com Forward Looking Statements Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company's current business plans and expectations and our future financial position and operating results. Words such as "will likely result", "aims", "anticipates", "believes", "could", "estimates", "expects", "hopes", "intends", " ...