CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2025

Core Viewpoint - CVB Financial Corp. reported strong financial performance for the fourth quarter and full year of 2025, with increases in net income, earnings per share, and key financial ratios, reflecting the company's focus on serving small to medium-sized businesses and maintaining profitability over decades [2][5]. Financial Performance Highlights - For Q4 2025, net income was $55.0 million, up from $52.6 million in Q3 2025 and $50.9 million in Q4 2024, with diluted earnings per share at $0.40, compared to $0.38 in the prior quarter and $0.36 a year ago [2][8]. - The annual net income for 2025 was $209.3 million, an increase from $200.7 million in 2024, with diluted earnings per share rising to $1.52 from $1.44 [4][8]. - Key financial ratios for Q4 2025 included a return on average equity (ROAE) of 9.48%, return on average tangible common equity (ROATCE) of 14.41%, and return on average assets (ROAA) of 1.40% [3][8]. Net Interest Income and Margin - Net interest income for Q4 2025 was $122.7 million, a 6.1% increase from Q3 2025 and an 11.1% increase from Q4 2024, driven by a rise in average earning assets and a 16 basis point increase in net interest margin to 3.49% [11][13]. - For the full year 2025, net interest income totaled $460.3 million, a 2.9% increase from 2024, despite a decrease in interest income due to a strategic de-leveraging of the balance sheet [12]. Asset Quality and Credit Losses - The company recorded a $2.5 million recapture of credit losses in Q4 2025, compared to a $1 million provision in Q3 2025, indicating improved asset quality [21]. - Nonperforming assets decreased significantly to $4.85 million in Q4 2025 from $28.47 million in Q3 2025, reflecting effective credit management [36]. Deposits and Loans - Total deposits and customer repurchase agreements amounted to $12.56 billion at the end of Q4 2025, a slight decrease from the previous quarter but a 2.89% increase year-over-year [38][39]. - Total loans and leases increased to $8.70 billion, up 2.69% from Q3 2025, with notable growth in various loan categories including dairy & livestock and commercial real estate [31][32]. Capital and Equity - Total equity rose to $2.30 billion at December 31, 2025, an increase of $108.9 million from the previous year, supported by net earnings and other comprehensive income [42]. - The company's capital ratios remained well above regulatory standards, with a common equity Tier 1 capital ratio of 15.9% [44]. CitizensTrust Performance - CitizensTrust managed approximately $5.11 billion in assets as of December 31, 2025, with revenues of $4.0 million for Q4 2025, reflecting growth in trust and investment services [45]. Corporate Overview - CVB Financial Corp. is one of the largest bank holding companies in California, with a strong focus on providing a wide range of banking and financial services [46].