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 ...

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]

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 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 ...

Core Viewpoint - CVB Financial Corp. has authorized a share repurchase program to buy back up to 10,000,000 shares of its common stock, reflecting its strong capital position and commitment to delivering long-term value to shareholders [1][2]. Group 1: Share Repurchase Program - The 2024 Repurchase Program replaces the previous 2022 program, which had 4,300,059 shares remaining for repurchase [2]. - The repurchase can be executed through various methods, including Rule 10b5-1 plans, open market purchases, and private transactions [1]. Group 2: Company Overview - CVB Financial Corp. is the holding company for Citizens Business Bank, one of the largest bank holding companies in California with over $15 billion in total assets [3]. - Citizens Business Bank is recognized as a top-performing bank in the nation, offering a wide range of banking, lending, and investing services through more than 60 banking centers and 3 trust office locations in California [3].

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 ...

Financial Performance - Net earnings for the third quarter of 2024 were $51.2 million, or $0.37 per share, representing a 2.4% increase from the previous quarter but a 11.5% decrease year-over-year [2]. - Revenues for the third quarter of 2024 were $3.6 million, an increase of 12.5% compared to $3.2 million for the same period in 2023 [36]. - Net earnings for the three months ended September 30, 2024, were $51,224,000, up from $50,035,000 in the previous quarter, representing a 2.4% increase [46]. - Basic earnings per common share for the three months ended September 30, 2024, were $0.37, consistent with the previous quarter [46]. - The diluted earnings per share for the three months ended September 30, 2024, was $0.20, compared to $0.18 for the same period in 2023 [47]. Income and Expenses - Net interest income increased by $2.8 million, or 2.50%, from the second quarter of 2024, but decreased by $9.8 million, or 7.90%, compared to the third quarter of 2023 [5]. - Noninterest income was $12.8 million for the third quarter of 2024, down from $14.4 million in the previous quarter and $14.3 million in the same quarter last year [12]. - Noninterest expense increased to $58.8 million, up from $56.5 million in the previous quarter and $55.0 million year-over-year [13]. - Total noninterest income for the three months ended September 30, 2024, was $12,834,000, a decrease from $14,424,000 in the previous quarter, indicating a decline of 11% [46]. - Total noninterest expense increased to $58,835,000 for the three months ended September 30, 2024, compared to $56,497,000 in the previous quarter, marking a rise of 4.1% [46]. Asset and Liability Management - Total assets decreased to $15.4 billion as of September 30, 2024, down $748.3 million or 4.63% from June 30, 2024 [17]. - Total loans and leases at amortized cost were $8.57 billion, a decrease of $109.3 million or 1.26% from June 30, 2024 [25]. - Total cash and cash equivalents increased to $453.46 million as of September 30, 2024, compared to $281.29 million at the end of 2023 [43]. - Total liabilities stood at $14,346,368 thousand, an increase from $14,177,100 thousand, reflecting a growth of 1.2% year-over-year [45]. - Total investment securities were $4.87 billion, a decrease of $549.9 million or 10.14% from December 31, 2023 [20]. Deposits and Loans - Total deposits and customer repurchase agreements decreased by $503.7 million, or 3.90%, year-over-year, including an 8.8% decline in noninterest-bearing deposits [8]. - Deposits increased to $12.07 billion, a net increase of $407.9 million compared to June 30, 2024 [31]. - Total deposits rose to $12,056,172 thousand, up from $11,882,179 thousand, representing an increase of 1.5% year-over-year [45]. - Net loans and lease finance receivables decreased to $8.49 billion as of September 30, 2024, down from $8.82 billion at the end of 2023 [43]. Capital and Equity - The Company's total equity increased to $2.20 billion as of September 30, 2024, up $119.9 million from December 31, 2023 [34]. - Stockholders' equity increased to $2.47 billion as of September 30, 2024, compared to $2.40 billion at the end of 2023, representing a growth of 2.5% [43]. - The Tier 1 leverage capital ratio was 10.6% as of September 30, 2024, well above the minimum required of 4.0% [35]. - Common equity Tier 1 capital ratio increased to 15.8% as of September 30, 2024, up from 14.6% at December 31, 2023 [56]. - Tangible book value per share rose to $10.17 as of September 30, 2024, compared to $9.31 at December 31, 2023, reflecting a growth of 9.2% [58]. Risk Management and Future Outlook - The company emphasizes the importance of risk management and the potential impact of economic developments on future performance [40]. - Forward-looking statements indicate expectations for revenue and asset growth, but actual results may differ due to various risks and uncertainties [40]. - The allowance for credit losses was $82,810 thousand, slightly improved from $86,986 thousand a year ago, indicating better asset quality management [44]. - The provision for credit losses was zero for the three months ended September 30, 2024, compared to a provision of $2,000,000 in the previous quarter [46]. Nonperforming Assets - Nonperforming loans totaled $21.9 million, representing 0.26% of total loans as of September 30, 2024, down from 0.29% at June 30, 2024 [30]. - Total nonperforming assets increased to $22.560 million as of September 30, 2024, from $21.302 million a year earlier [47]. - The percentage of total loans classified as nonperforming decreased to 0.26% as of September 30, 2024, down from 0.29% in June 2024 [55].

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) 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 ...

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 ...