CVB Financial (CVBF) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - CVB Financial reported revenue of $123.52 million for Q4 2024, a year-over-year decline of 10.8% and below the Zacks Consensus Estimate of $128.07 million, resulting in a surprise of -3.55% [1] - The company's EPS for the same period was $0.36, down from $0.39 a year ago, but exceeded the consensus estimate of $0.34, delivering a surprise of +5.88% [1] Financial Performance Metrics - Net Interest Margin was reported at 3.2%, slightly above the average estimate of 3.1% from four analysts [4] - The Efficiency Ratio stood at 47.3%, compared to the average estimate of 46.5% from four analysts [4] - Total interest-earning assets amounted to $13.96 billion, below the average estimate of $14.20 billion from three analysts [4] - Net Charge-off as a percentage of Average Loans was 0%, better than the average estimate of 0.1% from two analysts [4] - Total NonPerforming Loans were reported at $27.80 million, significantly lower than the average estimate of $35.88 million from two analysts [4] - Total NonPerforming Assets reached $47.10 million, higher than the average estimate of $38.50 million from two analysts [4] - Net Interest Income was $110.42 million, below the average estimate of $112.27 million from four analysts [4] - Total Noninterest Income was $13.10 million, also below the average estimate of $15.21 million from four analysts [4] - Net Interest Income (FTE) was reported at $110.95 million, slightly below the average estimate of $111.96 million from three analysts [4] - Service Charges on Deposit Accounts were $5.10 million, in line with the average estimate of $5.11 million from two analysts [4] - Trust and Investment Services generated $3.51 million, below the average estimate of $3.82 million from two analysts [4] Stock Performance - Over the past month, shares of CVB Financial have returned -5.6%, contrasting with the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]