CVB Financial (CVBF)
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CVB Financial (CVBF) - 2024 Q2 - Earnings Call Presentation
2024-07-25 17:58
• CET1 Ratio = 15.3% • Total Risk-Based Ratio = 16.1% • Tangible Common Equity Ratio = 8.7% Selected Highlights 1.5% 1.5% 1.8% 1.9% 1.8% 1.8% 1.3% 1.3% 1.4% 1.4% 1.8% 1.4% 1.3% 1.2% 1.1% 1.4% 1.5% 1.6% 1.5% 1.4% 1.4% 1.2% 1.2% 1.2% 1.4% 1.4%1.3% 1.3% 1.4%1.3% 0.7% 1.1% 1.2% 1.4% 1.3%1.3% 1.1% 1.0% 1.1% 1.3% 1.3% 0.9% 1.1% 1.1% 0.6% 0.9% -0.4% Dividends – 139 Consecutive Quarters CVBF KRX | --- | --- | --- | --- | --- | --- | |-------|---------------|------------------------------|-------|---------------|--- ...
CVB Financial (CVBF) - 2024 Q2 - Quarterly Results
2024-07-25 10:03
The return on average tangible common equity is a non-GAAP disclosure. The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's performance. The following is a reconciliation of net income, adjusted for tax-effected amortization of intangibles, to net income computed in accordance with GAAP; a reconciliation of average tangible common equity to the Company's average stockholders' equity computed in accordance with GAAP; as well as a calculation of retu ...
Compared to Estimates, CVB Financial (CVBF) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-25 00:06
CVB Financial (CVBF) reported $125.27 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.2%. EPS of $0.36 for the same period compares to $0.40 a year ago. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Net Interest Margin: 3.1% versus the four-analyst average estimate of 3.1%. Efficiency ratio: 45.1% versus the four ...
CVB Financial (CVBF) Q2 Earnings Surpass Estimates
ZACKS· 2024-07-24 23:00
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.36 on $130.57 million in revenues for the coming quarter and $1.41 on $517.87 million in revenues for the current fiscal year. CVB Financial shares have l ...
CVB Financial Corp. Reports Earnings for the Second Quarter 2024
Newsfilter· 2024-07-24 20:45
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% 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. Diluted earnings per share were $0.36 for the second quarter, compared to $0.35 for the prior quarter and $0.40 for the same period last year. Net i ...
Analysts Estimate CVB Financial (CVBF) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-17 15:07
Wall Street expects a year-over-year decline in earnings on lower revenues when CVB Financial (CVBF) reports results for the quarter ended June 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 earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than expect ...
CVB Financial Corp. Announces 139th Consecutive Quarterly Cash Dividend
Newsfilter· 2024-06-26 20:38
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. Corporate Overview Shares of CVB Financial Corp. common stock are listed on the NASDAQ u ...
CVB Financial Corp. Announces 139th Consecutive Quarterly Cash Dividend
GlobeNewswire News Room· 2024-06-26 20:38
Corporate Overview Certain matters set forth herein may 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, growth projections, and our future financial position and operating results. Words such as "will likely result", "aims", "anticipates", "believes", "could", "estimates", "expects", "hopes", "intends", "may", "plans", "projects", "seeks", ...
CVB Financial (CVBF) - 2024 Q1 - Quarterly Report
2024-05-09 15:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) (cid:0) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or (cid:0) 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 ...
CVB Financial (CVBF) - 2024 Q1 - Earnings Call Transcript
2024-04-25 20:32
CVB Financial Corp. (NASDAQ:CVBF) Q1 2024 Earnings Conference Call April 25, 2024 10:30 AM ET Company Participants Christina Carrabino - Investor Relations Dave Brager - President & Chief Executive Officer Allen Nicholson - Executive Vice President & Chief Financial Officer Conference Call Participants Kelly Motta - KBW David Feaster - Raymond James Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler Operator Good morning ladies and gentlemen and welcome to the First Quarter 2024 CVB Financial Corpora ...