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 ...

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 ...

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 ...

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 ...

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 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 ...

• 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 | --- | --- | --- | --- | --- | --- | |-------|---------------|------------------------------|-------|---------------|--- ...

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 ...

Core Viewpoint - CVB Financial reported a decline in revenue and earnings per share (EPS) for the quarter ended June 2024, indicating potential challenges in financial performance compared to the previous year [1][6]. Financial Performance - Revenue for the quarter was $125.27 million, down 5.2% year-over-year [1]. - EPS was $0.36, compared to $0.40 a year ago [1]. - The reported revenue was a surprise of -1.98% compared to the Zacks Consensus Estimate of $127.8 million [6]. - The EPS surprise was +2.86% against the consensus estimate of $0.35 [6]. Key Financial Metrics - Net Interest Margin stood at 3.1%, matching the four-analyst average estimate [3]. - Efficiency ratio was 45.1%, slightly above the four-analyst average estimate of 44.6% [3]. - Total interest-earning assets were $14.67 billion, slightly below the average estimate of $14.74 billion [3]. - Net Charge-off as a percentage of average loans was 0%, better than the estimated 0.1% [3]. - Total NonPerforming Loans amounted to $24.96 million, exceeding the average estimate of $18.13 million [3]. - Total NonPerforming Assets were $25.60 million, higher than the average estimate of $18.46 million [3]. - Net Interest Income was $110.85 million, below the estimated $113.57 million [3]. - Total Noninterest Income was $14.42 million, slightly above the estimated $13.92 million [3]. - Service charges on deposit accounts were $5.12 million, slightly above the estimated $5.05 million [3]. - Trust and investment services generated $3.43 million, exceeding the estimated $3.15 million [3]. Stock Performance - CVB Financial shares returned +22.1% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [5]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5].

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 ...