CVB Financial (US:CVBF)2022-10-20 07:53Financial Performance - CVB Financial Corp's total assets reached $163 billion, with gross loans amounting to $88 billion and total deposits (including repos) at $143 billion[5] - The company reported a Q3 2022 net income of $646 million, with diluted EPS at $046[18] - The Return on Average Tangible Common Equity (ROATCE) for Q3 2022 was 2134%, and the Return on Average Assets (ROAA) was 152%[18] - Net Interest Margin (NIM) stood at 346%, and the efficiency ratio was 3659% for Q3 2022[18] Balance Sheet and Asset Quality - Core loan growth experienced a $1315 million increase, representing an approximate 6% annualized growth[18] - Average noninterest-bearing deposits grew by $869 million, about 1%[18] - Non-Performing Assets (NPA) to Total Assets (TA) ratio was 006%, with NPA totaling $101 million[19] - Classified loans amounted to $64 million, or 073% of total loans[19] Capital and Dividends - The Common Equity Tier 1 (CET1) Ratio was 135%, and the Total Risk-Based Ratio was 143%[19] - The company has maintained 132 consecutive quarters of cash dividends[6] - The company repurchased 232K shares in Q3[37]