CVB Financial (NASDAQ:CVBF) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

CVB Financial (NASDAQ:CVBF - Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01), Zacks reports. CVB Financial had a net margin of 29.54% and a return on equity of 9.42%. The business had revenue of $191.74 million for the quarter, compared to analysts' expectations of $192.80 million. During the same quarter in the previous year, the business posted $0.38 earnings per share.

CVB Financial Price Performance

CVBF stock opened at $22.92 on Friday. CVB Financial has a 52 week low of $18.01 and a 52 week high of $23.41. The firm has a market capitalization of $4.03 billion, a P/E ratio of 13.89 and a beta of 0.66. The company has a fifty day simple moving average of $22.27 and a two-hundred day simple moving average of $21.66. The company has a quick ratio of 0.77, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

CVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, September 30th. CVB Financial's payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

CVBF has been the subject of a number of recent analyst reports. Raymond James Financial upgraded shares of CVB Financial from a "market perform" rating to an "outperform" rating and set a $25.00 price objective for the company in a report on Wednesday, July 1st. Wall Street Zen raised shares of CVB Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings cut shares of CVB Financial from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. DA Davidson boosted their price objective on shares of CVB Financial from $22.50 to $25.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, Stephens raised CVB Financial from an "equal weight" rating to an "overweight" rating and set a $27.00 price objective on the stock in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.25.

Key Stories Impacting CVB Financial

Here are the key news stories impacting CVB Financial this week:

• Positive Sentiment: Third-quarter net income rose to $78.1 million, or $0.44 per diluted share, from $52.6 million, or $0.38 per share, a year earlier. Net income also increased sharply from $48.3 million in the second quarter. CVB Financial Reports Third-Quarter 2026 Net Income
• Positive Sentiment: Net interest income increased to $179.1 million, while the tax-equivalent net interest margin expanded 17 basis points sequentially to 3.89%. The bank ended the quarter with $20.52 billion in assets, $12.12 billion in loans and $15.73 billion in deposits. CVB Financial Q3 Earnings Call Highlights
• Positive Sentiment: Management said the Heritage merger integration should provide a full-quarter contribution going forward and outlined a goal of approximately 13% EPS growth by 2027, supporting the longer-term earnings outlook. CVB Financial Targets 13% EPS Growth by 2027
• Neutral Sentiment: CVBF repurchased $17.5 million of common stock during the quarter, which may support per-share results, while reported insider activity included more purchases than sales. CVB Financial Reports Earnings Results
• Negative Sentiment: EPS of $0.44 fell slightly short of the $0.45 consensus estimate. Noninterest expense included $8.1 million of Heritage merger-related costs, and the company also reported third-quarter charge-offs, factors that may be tempering the market’s reaction. CVB Financial Lags Q3 Earnings Estimates

Insider Buying and Selling

In other CVB Financial news, Director Brien Raymond V. O. III acquired 20,000 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was bought at an average price of $22.77 per share, for a total transaction of $455,400.00. Following the acquisition, the director directly owned 85,780 shares in the company, valued at $1,953,210.60. The trade was a 30.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David C. Harvey sold 40,000 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $22.94, for a total transaction of $917,600.00. Following the completion of the transaction, the chief operating officer owned 98,149 shares in the company, valued at approximately $2,251,538.06. The trade was a 28.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.40% of the stock is currently owned by company insiders.

CVB Financial Company Profile

CVB Financial Corp. is a bank holding company headquartered in Ontario, California. Its principal subsidiary, Citizens Business Bank, provides banking and financial services to businesses, professionals, and individuals, with a focus on relationship-based commercial banking.

Citizens Business Bank offers business checking and savings accounts, commercial and real estate loans, lines of credit, equipment financing, treasury management, cash management, and international banking services.