CVB Financial Corp. Announces Authorization of 10 Million Share Repurchase Plan

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].