CVB Financial (US:CVBF) Globenewswireยท2025-10-22 21:03Core Insights - CVB Financial Corp. reported a net income of $52.6 million for Q3 2025, showing an increase from $50.6 million in Q2 2025 and $51.2 million in Q3 2024, with diluted earnings per share at $0.38 [2][4] - The company achieved an annualized return on average equity (ROAE) of 9.19%, return on average tangible common equity (ROATCE) of 14.11%, and return on average assets (ROAA) of 1.35% for the third quarter [3][9] - The company has maintained profitability for 194 consecutive quarters and has paid cash dividends for 144 consecutive quarters [4] Income Statement Highlights - Net interest income for Q3 2025 was $115.6 million, a 3.6% increase from Q2 2025 and a 1.7% increase from Q3 2024 [10] - Noninterest income was $13.0 million, down from $14.7 million in Q2 2025, primarily due to an $8.2 million loss on sales of available-for-sale securities [18] - Noninterest expense increased to $58.6 million from $57.6 million in Q2 2025, with a notable increase in salaries and benefits expense [19][20] Balance Sheet Highlights - Total assets reached $15.67 billion, up 1.64% from $15.41 billion at the end of Q2 2025 [23] - Total loans and leases increased by $112.4 million to $8.47 billion, with notable increases in various loan categories [29] - Total deposits and customer repurchase agreements totaled $12.58 billion, reflecting a net increase of $186.5 million from Q2 2025 [36] Capital and Asset Quality - The company's total equity increased to $2.28 billion, with a tangible book value per share of $10.98 [39] - The allowance for credit losses was 0.94% of gross loans, with net recoveries of $333,000 in Q3 2025 [17][32] - Nonperforming assets totaled $28.5 million, representing 0.18% of total assets [34] Investment Securities - Total investment securities were $4.88 billion, with an increase of $63.8 million from the previous quarter [26] - The company reported a pre-tax net unrealized loss of $332.2 million in available-for-sale securities [28]