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Complete financial analysis of CVB Financial Corp. (CVBF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of CVB Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.
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CVB Financial Corp. (CVBF)
About CVB Financial Corp.
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. The company also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, it offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. Further, the company provides trust services through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. As of December 31, 2021, it operated 58 banking centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California; and three trust offices located in Ontario, Newport Beach, and Pasadena, as well as two loan production offices in California's Central Valley and the Sacramento area. The company was founded in 1974 and is headquartered in Ontario, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 547.32M | 555.50M | 461.94M | 464.24M | 484.35M | 392.53M | 321.05M | 292.63M | 285.98M | 272.62M | 240.70M | 250.71M | 269.55M | 317.34M | 303.66M | 228.14M | 192.47M | 202.45M | 198.56M | 185.39M | 159.28M | 142.90M | 125.26M | 113.13M | 108.60M | 80.60M | 73.50M | 67.70M | 57.20M | 50.40M | 46.60M | 39.90M | 36.50M | 36.10M | 32.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | -118.34M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 141.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 665.66M | 555.50M | 461.94M | 464.24M | 484.35M | 392.53M | 321.05M | 292.63M | 285.98M | 272.62M | 240.70M | 250.71M | 128.53M | 317.34M | 303.66M | 228.14M | 192.47M | 202.45M | 198.56M | 185.39M | 159.28M | 142.90M | 125.26M | 113.13M | 108.60M | 80.60M | 73.50M | 67.70M | 57.20M | 50.40M | 46.60M | 39.90M | 36.50M | 36.10M | 32.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 121.62% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 47.68% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 139.19M | 131.60M | 129.46M | 131.06M | 129.30M | 109.26M | 93.45M | 82.63M | 78.88M | 77.12M | 71.02M | 68.50M | 69.99M | 69.42M | 62.99M | 68.18M | 55.30M | 50.51M | 53.08M | 47.29M | 41.49M | 35.97M | 32.63M | 3.24M | 29.10M | 22.70M | 21.70M | 20.00M | 16.50M | 15.20M | 14.40M | 13.50M | 13.60M | 12.90M | 11.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 6.76M | 6.30M | 4.62M | 4.49M | 5.89M | 5.30M | 4.84M | 5.03M | 5.02M | 5.20M | 4.68M | 4.87M | 4.98M | 6.08M | 6.53M | 6.88M | 5.95M | 6.25M | 5.84M | 5.15M | 4.52M | 3.68M | 3.22M | 2.70M | 2.90M | 2.00M | 2.10M | 2.20M | 1.40M | 1.50M | 1.10M | 700.00K | 700.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 191.19M | 137.89M | 134.08M | 135.55M | 135.19M | 114.56M | 98.29M | 82.63M | 78.88M | 77.12M | 71.02M | 68.50M | 69.99M | 69.42M | 62.99M | 75.07M | 61.26M | 56.76M | 58.91M | 52.44M | 46.02M | 39.65M | 35.85M | 5.94M | 32.00M | 24.70M | 23.80M | 22.20M | 17.90M | 16.70M | 15.50M | 14.20M | 14.30M | 12.90M | 11.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -56.21M | -298.37M | -350.27M | -328.47M | -283.15M | -35.08M | -35.51M | -207.87M | -171.13M | -149.61M | -173.87M | 656.00K | 904.00K | 323.00K | -71.39M | 9.48M | -8.12M | -73.07M | -101.95M | -86.76M | -65.27M | -44.95M | -8.33M | -60.90M | -41.00M | -44.30M | -45.50M | -38.90M | -38.30M | -36.70M | -27.20M | -18.20M | -11.60M | -12.60M | 5.80M | 4.00M | 2.90M | 2.30M |
| Operating Expenses | 191.19M | 6.30M | -164.29M | -214.72M | -193.28M | -168.60M | 4.84M | 5.03M | -128.99M | -94.01M | -78.59M | -105.37M | -175.24M | 70.32M | 63.31M | 3.68M | 70.73M | 48.64M | -14.16M | -49.51M | -40.74M | -25.62M | -9.10M | -2.39M | -28.90M | -16.30M | -20.50M | -23.30M | -21.00M | -21.60M | -21.20M | -13.00M | -3.90M | 1.30M | -1.30M | 5.80M | 4.00M | 2.90M | 2.30M |
| Cost & Expenses | 191.19M | 6.30M | -164.29M | -214.72M | -193.28M | -168.60M | 4.84M | 5.03M | -128.99M | -94.01M | -78.59M | -105.37M | -34.22M | 70.32M | 63.31M | 3.68M | 70.73M | 48.64M | -14.16M | -49.51M | -40.74M | -25.62M | -9.10M | -2.39M | -28.90M | -16.30M | -20.50M | -23.30M | -21.00M | -21.60M | -21.20M | -13.00M | -3.90M | 1.30M | -1.30M | 5.80M | 4.00M | 2.90M | 2.30M |
| Interest Income | 604.47M | 513.46M | 419.61M | 429.36M | 456.62M | 359.82M | 285.85M | 262.83M | 258.74M | 250.77M | 230.74M | 261.55M | 269.48M | 316.97M | 310.56M | 327.97M | 341.28M | 316.66M | 248.49M | 197.70M | 166.35M | 154.32M | 155.88M | 150.87M | 128.50M | 96.80M | 84.70M | 74.90M | 64.70M | 54.00M | 45.80M | 44.20M | 48.90M | 52.50M | 46.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 118.34M | 9.16M | 6.08M | 14.28M | 22.08M | 12.82M | 8.30M | 7.98M | 8.57M | 16.39M | 16.51M | 25.27M | 35.04M | 57.97M | 88.50M | 138.84M | 180.14M | 147.46M | 77.44M | 46.52M | 37.05M | 40.44M | 52.81M | 56.76M | 38.50M | 31.20M | 25.00M | 21.50M | 16.60M | 11.20M | 9.90M | 12.20M | 19.40M | 22.80M | 18.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 18.17M | 14.47M | 14.64M | 16.25M | 22.04M | 8.35M | -645.00K | 3.80M | 949.00K | 1.14M | 1.13M | 2.16M | 3.48M | 3.73M | 3.16M | 3.59M | 13.24M | 15.10M | 21.63M | 14.30M | 22.02M | 18.28M | -6.23M | 9.87M | 11.20M | 1.90M | 1.90M | -200.00K | 1.00M | 0.00 | 200.00K | 1.10M | 1.30M | 1.30M | 1.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 328.49M | 342.01M | 0.00 | 0.00 | 313.11M | 219.46M | 191.45M | 167.61M | 0.00 | 163.63M | 146.72M | 122.23M | 0.00 | 97.29M | 162.67M | 199.60M | 149.29M | 143.15M | 151.64M | 130.38M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 28.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.80M | 4.00M | 2.90M | 2.30M |
| EBITDA Ratio | 60.02% | 62.12% | 66.22% | 55.76% | 62.32% | 59.18% | 61.19% | 59.48% | 55.23% | 65.93% | 67.82% | 58.83% | 61.39% | 48.93% | 61.79% | 103.19% | 143.63% | 131.48% | 103.76% | 81.01% | 88.25% | 94.87% | 87.77% | 106.62% | 83.70% | 82.13% | 74.69% | 65.29% | 65.03% | 57.14% | 54.94% | 70.18% | 92.88% | 107.20% | 99.70% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 353.20M | 337.50M | 297.65M | 249.52M | 291.07M | 223.93M | 197.09M | 170.26M | 156.99M | 178.61M | 162.10M | 145.34M | 34.22M | 151.53M | 184.46M | 231.81M | 263.20M | 251.09M | 184.40M | 135.89M | 118.54M | 117.29M | 116.16M | 110.75M | 79.70M | 64.30M | 53.00M | 44.40M | 36.20M | 28.80M | 25.40M | 26.90M | 32.60M | 37.40M | 31.50M | 5.80M | 4.00M | 2.90M | 2.30M |
| Operating Income Ratio | 64.53% | 60.76% | 64.44% | 53.75% | 60.10% | 57.05% | 61.39% | 58.18% | 54.90% | 65.52% | 67.35% | 57.97% | 12.69% | 47.75% | 60.75% | 101.61% | 136.75% | 124.03% | 92.87% | 73.30% | 74.42% | 82.07% | 92.74% | 97.89% | 73.39% | 79.78% | 72.11% | 65.58% | 63.29% | 57.14% | 54.51% | 67.42% | 89.32% | 103.60% | 96.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -37.76M | -29.46M | 346.00K | -13.13M | -28.32M | -38.04M | -16.10M | -20.37M | -31.01M | -18.26M | -13.45M | -23.76M | -656.00K | -904.00K | -73.42M | -146.07M | 0.00 | 0.00 | -2.27M | -8.15M | -37.05M | -40.44M | -52.81M | -56.76M | -38.50M | -31.20M | -25.00M | -21.50M | -16.60M | -54.40M | -9.90M | -12.20M | -19.40M | -22.80M | -18.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 315.43M | 328.35M | 297.65M | 249.52M | 291.07M | 211.12M | 188.80M | 162.29M | 151.37M | 162.80M | 144.28M | 114.69M | 120.80M | 86.74M | 89.25M | 85.75M | 83.06M | 103.63M | 106.96M | 89.37M | 81.49M | 76.85M | 63.36M | 53.99M | 41.20M | 33.10M | 28.00M | 22.90M | 19.60M | 17.60M | 15.50M | 14.70M | 13.20M | 14.60M | 12.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 57.63% | 59.11% | 64.44% | 53.75% | 60.10% | 53.78% | 58.81% | 55.46% | 52.93% | 59.72% | 59.94% | 45.75% | 44.82% | 27.33% | 29.39% | 37.59% | 43.16% | 51.19% | 53.87% | 48.21% | 51.16% | 53.78% | 50.58% | 47.72% | 37.94% | 41.07% | 38.10% | 33.83% | 34.27% | 34.92% | 33.26% | 36.84% | 36.16% | 40.44% | 38.72% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 94.00M | 92.92M | 85.13M | 72.36M | 83.25M | 59.11M | 84.38M | 60.86M | 52.22M | 58.78M | 48.67M | 37.41M | 39.07M | 23.80M | 23.83M | 22.68M | 22.48M | 31.72M | 36.35M | 27.88M | 28.66M | 27.10M | 23.30M | 19.30M | 15.20M | 12.30M | 10.60M | 9.60M | 8.10M | 7.20M | 6.00M | 5.70M | 5.20M | 5.80M | 4.90M | -5.80M | -4.00M | -2.90M | -2.30M |
| Net Income | 221.44M | 235.43M | 212.52M | 177.16M | 207.83M | 152.00M | 104.41M | 101.43M | 99.15M | 104.02M | 95.61M | 77.28M | 81.73M | 62.94M | 65.42M | 63.07M | 60.58M | 71.91M | 70.62M | 61.49M | 52.83M | 49.75M | 40.06M | 34.68M | 26.00M | 20.80M | 17.40M | 13.30M | 11.50M | 10.40M | 9.50M | 9.00M | 8.00M | 8.80M | 7.80M | 5.80M | 4.00M | 2.90M | 2.30M |
| Net Income Ratio | 40.46% | 42.38% | 46.01% | 38.16% | 42.91% | 38.72% | 32.52% | 34.66% | 34.67% | 38.16% | 39.72% | 30.82% | 30.32% | 19.83% | 21.54% | 27.65% | 31.48% | 35.52% | 35.57% | 33.17% | 33.17% | 34.81% | 31.98% | 30.66% | 23.94% | 25.81% | 23.67% | 19.65% | 20.10% | 20.63% | 20.39% | 22.56% | 21.92% | 24.38% | 23.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 1.59 | 1.68 | 1.57 | 1.30 | 1.48 | 1.25 | 0.95 | 0.94 | 0.93 | 0.98 | 0.91 | 0.74 | 0.77 | 0.59 | 0.56 | 0.75 | 0.72 | 0.84 | 0.83 | 0.74 | 0.64 | 0.61 | 0.49 | 0.43 | 0.32 | 0.30 | 0.24 | 0.18 | 0.17 | 0.14 | 0.15 | 0.15 | 0.14 | 0.14 | 0.13 | 0.10 | 0.07 | 0.05 | 0.04 |
| EPS Diluted | 1.59 | 1.67 | 1.56 | 1.30 | 1.48 | 1.25 | 0.95 | 0.94 | 0.93 | 0.98 | 0.91 | 0.74 | 0.77 | 0.59 | 0.56 | 0.75 | 0.72 | 0.83 | 0.83 | 0.73 | 0.63 | 0.59 | 0.48 | 0.42 | 0.31 | 0.29 | 0.23 | 0.18 | 0.17 | 0.14 | 0.14 | 0.15 | 0.14 | 0.14 | 0.13 | 0.10 | 0.07 | 0.05 | 0.04 |
| Weighted Avg Shares Out | 138.33M | 139.65M | 135.17M | 136.03M | 139.76M | 121.67M | 109.41M | 107.28M | 105.72M | 105.24M | 104.73M | 104.42M | 105.14M | 105.88M | 92.96M | 83.12M | 84.14M | 85.60M | 85.08M | 83.09M | 82.55M | 82.21M | 82.32M | 81.32M | 80.01M | 79.10M | 86.96M | 73.27M | 69.49M | 74.82M | 64.33M | 59.70M | 57.79M | 60.86M | 60.37M | 60.82M | 59.10M | 58.91M | 53.40M |
| Weighted Avg Shares Out (Dil) | 138.46M | 140.01M | 135.38M | 136.21M | 139.93M | 121.96M | 109.81M | 107.69M | 106.19M | 105.76M | 105.13M | 104.66M | 105.22M | 106.13M | 93.06M | 83.34M | 84.14M | 86.63M | 85.08M | 84.23M | 84.08M | 84.65M | 83.78M | 83.30M | 82.59M | 82.43M | 86.96M | 75.84M | 70.14M | 74.82M | 68.62M | 59.70M | 57.79M | 60.86M | 60.37M | 60.82M | 59.10M | 58.91M | 53.40M |
CVB Financial Corp. (CVBF) Q2 2024 Earnings Call Transcript
CVB Financial Corp. (NASDAQ:CVBF ) Q2 2024 Earnings Conference Call July 25, 2024 10:30 AM ET Company Participants David A. Brager - President and Chief Executive Officer Allen Nicholson - Executive Vice President and Chief Financial Officer Conference Call Participants...
Compared to Estimates, CVB Financial (CVBF) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for CVB Financial (CVBF) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
CVB Financial (CVBF) Q2 Earnings Surpass Estimates
CVB Financial (CVBF) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.40 per share a year ago.
Analysts Estimate CVB Financial (CVBF) to Report a Decline in Earnings: What to Look Out for
CVB Financial (CVBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CVB Financial Corp. Announces 139th Consecutive Quarterly Cash Dividend
ONTARIO, CA, June 26, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2024. This dividend was approved at the Company's regularly...
CVB Financial (CVBF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for CVB Financial (CVBF) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
CVB Financial (CVBF) Matches Q1 Earnings Estimates
CVB Financial (CVBF) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.42 per share a year ago.
CVB Financial Corp. Reports Earnings for the First Quarter 2024
First Quarter 2024 Net Earnings of $48.6 million, or $0.35 per share Return on Average Assets of 1.21% Return on Average Tangible Common Equity of 15.13% Net Interest Margin of 3.10% ONTARIO, CA, April 24, 2024 (GLOBE NEWSWIRE) -- CVB...
CVB Financial Corp. Announces 138th Consecutive Quarterly Cash Dividend
ONTARIO, CA, March 20, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the first quarter of 2024. This dividend was approved at the Company's regularly...
CVB Financial: Navigating Through A Tough CRE Backdrop
CVB Financial Corp. has seen a 25% decline in its shares since December 2023 due to concerns about the regional bank sector. Despite this, CVB Financial had its second most profitable year in 2023 and has been consistently profitable since...
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