NASDAQ : CVBF
CVB Financial Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 22.59 USD (Oct 30, 2026, 3:32 PM EDT) · Market cap 3.96B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 561.40M | 446.16M | 455.75M | 448.30M | 389.19M | 356.59M |
| Interest Income on Investments | 166.47M | 147.15M | 174.36M | 158.03M | 125.48M | 64.04M |
| Total Interest Income | 727.87M | 593.30M | 630.11M | 606.33M | 514.67M | 420.63M |
| Interest Paid on Deposits | 112.18M | 101.29M | 105.48M | 51.53M | 6.83M | 5.35M |
| Interest Paid on Borrowings | 33.70M | 31.72M | 77.28M | 66.81M | 2.33M | 734.00K |
| Total Interest Expense | 145.89M | 133.01M | 182.76M | 118.34M | 9.15M | 6.08M |
| Net Interest Income | 581.98M | 460.29M | 447.35M | 487.99M | 505.51M | 414.55M |
| Trust Income | 15.76M | 15.03M | 13.73M | 12.56M | 11.52M | 11.57M |
| Gain (Loss) on Sale of Assets | 25.90M | 2.72M | 189.00K | |||
| Gain (Loss) on Sale of Investments | -2.79M | -10.97M | -28.32M | |||
| Other Non-Interest Income | 25.57M | 29.35M | 22.79M | 26.55M | 10.77M | 13.40M |
| Total Non-Interest Income | 58.98M | 55.17M | 54.47M | 59.33M | 46.39M | 43.48M |
| Revenues Before Loan Losses | 640.96M | 515.46M | 501.82M | 547.32M | 551.90M | 458.04M |
| Provision for Loan Losses | -500.00K | -3.50M | -3.00M | 2.00M | 10.60M | -25.50M |
| Revenue | 641.46M | 518.96M | 504.82M | 545.32M | 541.30M | 483.54M |
| Salaries and Employee Benefits | 162.53M | 138.24M | 134.24M | 129.75M | 123.69M | 112.69M |
| Occupancy Expenses | 9.82M | 4.87M | 4.43M | 3.62M | 3.91M | 2.99M |
| Amortization of Goodwill & Intangibles | 9.29M | 4.19M | 5.32M | 6.45M | 7.57M | 8.24M |
| Selling, General & Administrative | 65.81M | 58.45M | 62.30M | 57.82M | 55.89M | 46.12M |
| Other Non-Interest Expense | 37.75M | 29.96M | 27.29M | 32.24M | 19.48M | 18.78M |
| Total Non-Interest Expense | 285.19M | 235.71M | 233.58M | 229.89M | 210.54M | 188.82M |
| EBT Excluding Unusual Items | 356.26M | 283.25M | 271.24M | 315.43M | 330.76M | 294.71M |
| Pretax Income | 314.04M | 281.69M | 271.24M | 315.43M | 328.35M | 297.65M |
| Income Tax Expense | 81.64M | 72.39M | 70.52M | 94.00M | 92.92M | 85.13M |
| Net Income | 232.41M | 209.30M | 200.72M | 221.44M | 235.43M | 212.52M |
| Preferred Dividends & Other Adjustments | 1.38M | 1.38M | 1.45M | 1.55M | 1.51M | 970.00K |
| Net Income to Common | 231.03M | 207.92M | 199.27M | 219.89M | 233.92M | 211.55M |
| Basic Shares Outstanding | 153.11M | 136.76M | 138.41M | 138.33M | 139.65M | 135.16M |
| Diluted Shares Outstanding | 153.31M | 137.05M | 138.58M | 138.46M | 140.01M | 135.38M |
| EPS (Basic) | 1.51 | 1.52 | 1.44 | 1.59 | 1.67 | 1.57 |
| EPS (Diluted) | 1.51 | 1.52 | 1.44 | 1.59 | 1.67 | 1.56 |
| Dividend Per Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.77 | 0.72 |
| Effective Tax Rate | 26.00% | 25.70% | 26.00% | 29.80% | 28.30% | 28.60% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 256.06M | 376.39M | 204.70M | 281.29M | 203.46M | 1.73B |
| Investment Securities | 2.20B | 1.27B | 1.15B | 1.14B | 1.12B | 909.22M |
| Trading Asset Securities | 261.00K | 8.09M | 1.24M | 82.00K | 14.16M | |
| Mortgage-Backed Securities | 3.53B | 3.89B | 3.88B | 4.36B | 4.76B | 4.29B |
| Total Investments | 5.72B | 5.16B | 5.04B | 5.50B | 5.88B | 5.21B |
| Gross Loans | 12.12B | 8.70B | 8.54B | 8.90B | 9.08B | 7.89B |
| Allowance for Loan Losses | -125.64M | -77.16M | -80.12M | -86.84M | -85.12M | -65.02M |
| Net Loans | 12.00B | 8.62B | 8.46B | 8.82B | 8.99B | 7.82B |
| Property, Plant & Equipment | 32.86M | 70.29M | 74.66M | 66.36M | 69.39M | 68.37M |
| Goodwill | 1.10B | 765.82M | 765.82M | 765.82M | 765.82M | 663.71M |
| Other Intangible Assets | 113.95M | 5.77M | 9.97M | 15.29M | 21.74M | 25.39M |
| Accrued Interest Receivable | 46.72M | 45.72M | 48.99M | 46.69M | 34.20M | |
| Other Receivables | 42.88M | 4.17M | 3.18M | 2.40M | 7.60M | |
| Other Current Assets | 12.51M | 13.07M | 9.48M | 8.71M | 7.96M | |
| Long-Term Deferred Tax Assets | 131.29M | 167.01M | 175.78M | 184.29M | 25.00M | |
| Other Real Estate Owned & Foreclosed | 163.00K | 19.30M | ||||
| Other Long-Term Assets | 1.22B | 341.61M | 331.29M | 318.58M | 267.16M | 263.72M |
| Total Assets | 20.52B | 15.63B | 15.15B | 16.02B | 16.48B | 15.88B |
| Accounts Payable | 50.34M | |||||
| Interest Bearing Deposits | 7.31B | 5.15B | 4.81B | 4.02B | 4.59B | 4.79B |
| Institutional Deposits | 122.83M | 101.50M | 206.40M | 77.20M | 79.90M | |
| Non-Interest Bearing Deposits | 8.42B | 6.80B | 7.04B | 7.21B | 8.16B | 8.10B |
| Total Deposits | 15.73B | 12.07B | 11.95B | 11.43B | 12.84B | 12.98B |
| Short-Term Borrowings | 571.88M | 802.03M | 262.43M | 2.35B | 1.56B | 658.83M |
| Current Portion of Leases | 9.86M | |||||
| Accrued Interest Payable | 4.77M | 5.05M | 23.27M | 433.00K | ||
| Federal Home Loan Bank Debt, Long-Term | 540.00M | 200.00M | 500.00M | |||
| Long-Term Leases | 36.68M | 49.62M | 24.06M | 24.46M | 20.86M | |
| Other Long-Term Liabilities | 510.56M | 210.51M | 201.86M | 113.36M | 106.37M | 95.72M |
| Total Liabilities | 17.39B | 13.34B | 12.97B | 13.94B | 14.53B | 13.80B |
| Common Stock | 2.05B | 1.22B | 1.30B | 1.29B | 1.30B | 1.21B |
| Retained Earnings | 1.38B | 1.30B | 1.20B | 1.11B | 1.00B | 875.57M |
| Comprehensive Income & Other | -295.33M | -227.65M | -312.06M | -323.57M | -354.80M | -3.97M |
| Shareholders' Equity | 3.13B | 2.30B | 2.19B | 2.08B | 1.95B | 2.08B |
| Total Liabilities & Equity | 20.52B | 15.63B | 15.15B | 16.02B | 16.48B | 15.88B |
| Total Debt | 1.15B | 1.05B | 812.05M | 2.37B | 1.58B | 679.70M |
| Net Cash (Debt) | -894.59M | -658.85M | -598.79M | -2.08B | -1.37B | 1.09B |
| Net Cash Per Share | -5.84 | -4.81 | -4.32 | -15.04 | -9.80 | 8.07 |
| Filing Date Shares Outstanding | 175.49M | 135.80M | 139.62M | 139.37M | 139.51M | 141.92M |
| Total Common Shares Outstanding | 175.49M | 135.55M | 139.69M | 139.34M | 139.82M | 135.53M |
| Book Value Per Share | 17.84 | 16.93 | 15.65 | 14.91 | 13.94 | 15.36 |
| Tangible Book Value | 1.92B | 1.52B | 1.41B | 1.30B | 1.16B | 1.39B |
| Tangible Book Value Per Share | 10.92 | 11.24 | 10.10 | 9.31 | 8.30 | 10.27 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 209.30M | 200.72M | 221.44M | 235.43M | 212.52M | |
| Depreciation & Amortization | 14.78M | 15.37M | 18.17M | 13.66M | -6.43M | |
| Gain (Loss) on Sale of Assets | -2.49M | -25.90M | -2.72M | -1.37M | ||
| Gain (Loss) on Sale of Investments | 26.53M | 45.15M | 18.05M | 26.57M | 32.23M | |
| Total Asset Writedown | 332.00K | 28.00K | ||||
| Provision for Credit Losses | -3.50M | -3.00M | 2.00M | 10.60M | -25.50M | |
| Change in Other Net Operating Assets | -29.40M | 11.68M | 35.39M | -9.80M | -8.13M | |
| Other Operating Activities | 2.00M | -1.25M | -4.96M | -1.00M | ||
| Operating Cash Flow | 221.41M | 249.76M | 295.63M | 273.73M | 195.24M | |
| Capital Expenditures | -4.07M | -5.13M | -4.52M | -5.36M | -4.68M | |
| Sale of Property, Plant and Equipment | 8.31M | 1.16M | ||||
| Cash Acquisitions | 329.00M | |||||
| Investment in Securities | -37.08M | 454.80M | 389.58M | -1.12B | -2.22B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -156.26M | 352.74M | 180.33M | -400.22M | 497.29M | |
| Other Investing Activities | -34.86M | 50.34M | -29.11M | 6.53M | -12.59M | |
| Investing Cash Flow | -210.31M | 852.75M | 536.28M | -1.18B | -1.73B | |
| Short-Term Debt Issued | 228.71M | 1.07B | 992.72M | 202.98M | ||
| Total Debt Issued | 228.71M | 1.07B | 992.72M | 202.98M | ||
| Short-Term Debt Repaid | -1.58B | -293.79M | -76.96M | -2.72M | ||
| Long-Term Debt Repaid | -25.77M | |||||
| Total Debt Repaid | -1.58B | -293.79M | -76.96M | -28.49M | ||
| Net Debt Issued (Repaid) | 228.71M | -1.58B | 781.21M | 915.76M | 174.49M | |
| Issuance of Common Stock | 383.00K | 565.00K | 210.00K | 1.92M | 1.28M | |
| Repurchase of Common Stock | -81.12M | -2.82M | -21.22M | -116.33M | -8.34M | |
| Common Dividends Paid | -110.99M | -111.83M | -111.69M | -104.44M | -97.73M | |
| Net Increase (Decrease) in Deposit Accounts | 123.60M | 514.74M | -1.40B | -1.32B | 1.24B | |
| Financing Cash Flow | 160.59M | -1.18B | -754.08M | -625.85M | 1.31B | |
| Net Cash Flow | 171.69M | -76.59M | 77.82M | -1.53B | -225.61M | |
| Free Cash Flow | 217.34M | 244.63M | 291.11M | 268.37M | 190.56M | |
| Free Cash Flow Margin | 41.88% | 48.46% | 53.38% | 49.58% | 39.41% | |
| Free Cash Flow Per Share | 1.59 | 1.76 | 2.10 | 1.92 | 1.41 | |
| Cash Interest Paid | 133.29M | 200.41M | 95.50M | 8.58M | 6.01M | |
| Cash Income Tax Paid | 33.08M | 53.88M | 69.90M | 88.94M | 69.88M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.07B | 2.54B | 2.99B | 2.81B | 3.60B | 2.90B |
| Last Close Price | 22.58 | 18.08 | 19.96 | 17.83 | 21.87 | 17.63 |
| PE Ratio | 15.36 | 12.24 | 15.01 | 12.79 | 15.39 | 13.71 |
| PS Ratio | 6.35 | 4.90 | 5.92 | 5.16 | 6.65 | 6.00 |
| PB Ratio | 1.27 | 1.11 | 1.37 | 1.35 | 1.85 | 1.39 |
| P/FCF Ratio | 7.11 | 11.71 | 12.22 | 9.66 | 13.41 | 15.23 |
| P/OCF Ratio | 7.06 | 11.49 | 11.97 | 9.52 | 13.15 | 14.86 |
| Debt / Equity Ratio | 0.37 | 0.46 | 0.37 | 1.14 | 0.81 | 0.33 |
| Debt / FCF Ratio | 4.82 | 3.32 | 8.15 | 5.91 | 3.57 | |
| Net Debt / Equity Ratio | 0.29 | 0.29 | 0.27 | 1.00 | 0.70 | -0.53 |
| Net Debt / FCF Ratio | 3.03 | 2.45 | 7.15 | 5.11 | -5.74 | |
| Return on Equity (ROE) | 8.59% | 9.34% | 9.41% | 11.00% | 11.68% | 10.39% |
| Return on Assets (ROA) | 1.28% | 1.36% | 1.29% | 1.36% | 1.46% | 1.40% |
| Earnings Yield | 6.51% | 8.22% | 6.71% | 7.87% | 6.54% | 7.32% |
| FCF Yield | 14.06% | 8.54% | 8.18% | 10.35% | 7.46% | 6.57% |
| Dividend Yield | 3.45% | 4.26% | 3.74% | 3.96% | 2.99% | 3.36% |
| Payout Ratio | 53.02% | 53.03% | 55.72% | 50.44% | 44.36% | 45.99% |
| Buyback Yield / Dilution | -11.23% | 1.10% | -0.08% | 1.11% | -3.42% | 0.60% |
| Total Shareholder Return | -7.78% | 5.37% | 3.65% | 5.07% | -0.43% | 3.97% |