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CVB Financial (CVBF) - 2024 Q3 - Quarterly Results
2024-10-24 10:06
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 Third Quarter 2024 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, October 23, 2024-CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announce ...
CVB Financial (CVBF) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-24 00:05
CVB Financial (CVBF) reported $126.45 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.2%. EPS of $0.37 for the same period compares to $0.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $126.63 million, representing a surprise of -0.14%. The company delivered an EPS surprise of +5.71%, with the consensus EPS estimate being $0.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...
CVB Financial (CVBF) Tops Q3 Earnings Estimates
ZACKS· 2024-10-23 23:01
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.71%. 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 $0.36, delivering a surprise of 2.86%.Over the last four quarters, the ...
CVB Financial Corp. Reports Earnings for the Third Quarter 2024
GlobeNewswire News Room· 2024-10-23 20:45
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 ...
CVB Financial (CVBF) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-10-23 14:21
The upcoming report from CVB Financial (CVBF) is expected to reveal quarterly earnings of $0.35 per share, indicating a decline of 16.7% compared to the year-ago period. Analysts forecast revenues of $126.63 million, representing a decrease of 8% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this time ...
Earnings Preview: CVB Financial (CVBF) Q3 Earnings Expected to Decline
ZACKS· 2024-10-17 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when CVB Financial (CVBF) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October ...
CVB Financial Corp (CVBF) Shares Up 4.37% on Oct 2
Gurufocus· 2024-10-02 16:06
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. This places CVBF 16.63% below its 52-week high of $21.77 and 24.15% above its 52-week low of $14.62. Trading volume was 636,747 shares, 74.1% of the average daily volume of 859,072. Wall Street Analysts Forecast Based on the one-year price targets offered by 7 analysts, the average target price for CVB Financia ...
CVB Financial Corp. Announces 140th Consecutive Quarterly Cash Dividend
GlobeNewswire News Room· 2024-09-16 20:30
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. "We are pleased to announce our 140th consecutive quarterly cash dividend p ...
CVB Financial (CVBF) - 2024 Q2 - Quarterly Report
2024-08-08 15:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 (Mark One) FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 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 other ...
CVB Financial (CVBF) - 2024 Q2 - Earnings Call Transcript
2024-07-25 23:00
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. A. Davidson David Feaster - Raymond James Operator Good morning, ladies and gentlemen, and welcome to the Second Quarter of 2024 CVB Financial Corporat ...