See more : Royal Boskalis Westminster N.V. (RBWNY) Income Statement Analysis – Financial Results
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) CEO David Brager on Q2 2022 Results - Earnings Call Transcript
CVB Financial Corp (NASDAQ:CVBF ) Q2 2022 Earnings Conference Call July 21, 2022 10:30 AM ET Company Participants Christina Carrabino - Clc Communications & Consulting David Brager - President, CEO & Director Allen Nicholson - EVP & CFO Conference Call...
CVB Financial (CVBF) Q2 Earnings and Revenues Beat Estimates
CVB Financial (CVBF) delivered earnings and revenue surprises of 10.53% and 5.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
CVB Financial Corp. Reports Strong Earnings for the Second Quarter 2022
ONTARIO, Calif., July 20, 2022 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended June 30, 2022.
Searching for a Financial Stock? Look No Further
This company is not only weathering the recent volatility, but flourishing and making new highs.
New Strong Buy Stocks for July 15th
GIL, PBR, CVLG, FSTX and CVBF have been added to the Zacks Rank #1 (Strong Buy) List on July 15, 2022.
CVB Financial Corp. Bounces Back With Well-Positioned Fundamentals
CVB Financial Corp. is rebounding with its sustainable core operations. Its stellar Balance sheet shows it is well-positioned against macroeconomic pressures.
CVB Financial (CVBF) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
CVB Financial (CVBF) possesses 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 New Board Member
ONTARIO, Calif., June 15, 2022 (GLOBE NEWSWIRE) -- CVB Financial Corp. (“CVBF”), the holding company for Citizens Business Bank (“CBB”), is pleased to announce the appointment of Kimberly Sheehy as a Board Member. Ms. Sheehy was also named a Director...
Raymond V. O'Brien Announces Retirement as Chairman of CVB Financial Corp.; Hal W. Oswalt Appointed as Successor Chairman
ONTARIO, Calif., May 18, 2022 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) and its principal subsidiary, Citizens Business Bank (“CBB,” and together with CVBF, the “Company”), announced today that Raymond V. O'Brien III has decided to step aside as...
CVB Financial Corp. (CVBF) CEO Dave Brager on Q1 2022 Results - Earnings Call Transcript
CVB Financial Corp. (NASDAQ:CVBF ) Q1 2022 Earnings Conference Call April 21, 2022 10:30 AM ET Corporate Participants Christina Carrabino - Investor Relations Dave Brager - Chief Executive Officer Allen Nicholson - Executive Vice President and Chief Financial Officer Conference...
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