Annual Income Statements for CVB Financial
This table shows CVB Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for CVB Financial
This table shows CVB Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
122 |
60 |
47 |
60 |
96 |
5.01 |
54 |
49 |
26 |
66 |
Consolidated Net Income / (Loss) |
|
65 |
66 |
59 |
56 |
58 |
49 |
49 |
50 |
51 |
51 |
Net Income / (Loss) Continuing Operations |
|
65 |
72 |
59 |
56 |
58 |
49 |
49 |
50 |
51 |
51 |
Total Pre-Tax Income |
|
90 |
93 |
83 |
78 |
81 |
75 |
67 |
69 |
68 |
68 |
Total Revenue |
|
145 |
155 |
139 |
132 |
138 |
139 |
127 |
125 |
126 |
124 |
Net Interest Income / (Expense) |
|
133 |
137 |
126 |
120 |
123 |
119 |
112 |
111 |
114 |
110 |
Total Interest Income |
|
135 |
142 |
143 |
149 |
156 |
158 |
158 |
159 |
166 |
148 |
Loans and Leases Interest Income |
|
100 |
107 |
108 |
111 |
113 |
116 |
116 |
114 |
115 |
110 |
Investment Securities Interest Income |
|
32 |
34 |
34 |
34 |
37 |
36 |
35 |
35 |
34 |
31 |
Deposits and Money Market Investments Interest Income |
|
3.48 |
1.00 |
0.49 |
4.67 |
6.42 |
6.28 |
6.07 |
9.83 |
17 |
5.88 |
Total Interest Expense |
|
1.85 |
4.72 |
17 |
30 |
33 |
39 |
45 |
48 |
52 |
37 |
Deposits Interest Expense |
|
1.73 |
2.77 |
5.37 |
11 |
17 |
19 |
21 |
26 |
30 |
28 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.12 |
1.95 |
12 |
19 |
16 |
20 |
24 |
22 |
22 |
8.29 |
Total Non-Interest Income |
|
12 |
12 |
13 |
13 |
14 |
19 |
14 |
14 |
13 |
13 |
Other Service Charges |
|
1.13 |
2.06 |
3.38 |
1.92 |
4.10 |
2.78 |
1.88 |
2.57 |
2.77 |
1.51 |
Other Non-Interest Income |
|
10 |
10 |
9.82 |
11 |
1.55 |
25 |
12 |
12 |
3.50 |
21 |
Provision for Credit Losses |
|
2.00 |
2.50 |
1.50 |
0.50 |
2.00 |
-2.00 |
0.00 |
0.00 |
0.00 |
-3.00 |
Total Non-Interest Expense |
|
53 |
54 |
55 |
54 |
55 |
66 |
60 |
56 |
59 |
58 |
Salaries and Employee Benefits |
|
33 |
34 |
35 |
34 |
35 |
36 |
36 |
35 |
37 |
36 |
Net Occupancy & Equipment Expense |
|
5.78 |
5.82 |
5.45 |
5.52 |
5.62 |
5.52 |
5.57 |
5.77 |
6.20 |
5.87 |
Marketing Expense |
|
1.49 |
1.71 |
1.72 |
1.32 |
1.63 |
2.09 |
1.63 |
1.96 |
1.96 |
1.76 |
Other Operating Expenses |
|
11 |
11 |
10 |
12 |
12 |
22 |
15 |
12 |
13 |
13 |
Amortization Expense |
|
1.85 |
1.72 |
1.72 |
1.72 |
1.57 |
1.45 |
1.44 |
1.44 |
1.29 |
1.16 |
Income Tax Expense |
|
25 |
27 |
23 |
22 |
23 |
26 |
18 |
19 |
16 |
17 |
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders) |
|
-57 |
12 |
12 |
-4.59 |
-38 |
43 |
-5.36 |
0.56 |
25 |
-16 |
Basic Earnings per Share |
|
$0.46 |
$0.48 |
$0.42 |
$0.40 |
$0.42 |
$0.35 |
$0.35 |
$0.36 |
$0.37 |
$0.36 |
Weighted Average Basic Shares Outstanding |
|
139.81M |
139.51M |
139.29M |
139.34M |
139.34M |
139.37M |
139.64M |
139.68M |
139.68M |
139.62M |
Diluted Earnings per Share |
|
$0.46 |
$0.48 |
$0.42 |
$0.40 |
$0.42 |
$0.35 |
$0.35 |
$0.36 |
$0.37 |
$0.36 |
Weighted Average Diluted Shares Outstanding |
|
139.81M |
139.51M |
139.29M |
139.34M |
139.34M |
139.37M |
139.64M |
139.68M |
139.68M |
139.62M |
Weighted Average Basic & Diluted Shares Outstanding |
|
139.81M |
139.51M |
139.29M |
139.34M |
139.34M |
139.37M |
139.64M |
139.68M |
139.68M |
139.62M |
Cash Dividends to Common per Share |
|
$0.20 |
$0.20 |
$0.20 |
$0.20 |
$0.20 |
$0.20 |
$0.20 |
$0.20 |
$0.20 |
$0.20 |
Annual Cash Flow Statements for CVB Financial
This table details how cash moves in and out of CVB Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
0.33 |
16 |
23 |
-424 |
1,773 |
-226 |
-1,619 |
19 |
-65 |
Net Cash From Operating Activities |
|
100 |
125 |
138 |
208 |
185 |
195 |
274 |
296 |
250 |
Net Cash From Continuing Operating Activities |
|
106 |
73 |
138 |
225 |
84 |
167 |
183 |
237 |
262 |
Net Income / (Loss) Continuing Operations |
|
99 |
101 |
104 |
208 |
177 |
213 |
235 |
221 |
201 |
Consolidated Net Income / (Loss) |
|
99 |
101 |
104 |
208 |
177 |
213 |
235 |
221 |
201 |
Provision For Loan Losses |
|
-4.94 |
-6.06 |
-8.90 |
5.00 |
24 |
-1.00 |
11 |
1.50 |
-4.25 |
Depreciation Expense |
|
-1.47 |
5.32 |
2.66 |
22 |
-1.16 |
-6.43 |
14 |
18 |
15 |
Amortization Expense |
|
20 |
-21 |
18 |
-10 |
-15 |
-32 |
-27 |
-18 |
-17 |
Non-Cash Adjustments to Reconcile Net Income |
|
36 |
53 |
-12 |
3.19 |
-90 |
-5.91 |
-45 |
-30 |
42 |
Changes in Operating Assets and Liabilities, net |
|
-1.88 |
-8.19 |
35 |
-2.55 |
-11 |
0.37 |
-4.44 |
44 |
24 |
Net Cash From Investing Activities |
|
-301 |
-154 |
140 |
325 |
-1,269 |
-1,730 |
-1,177 |
536 |
853 |
Net Cash From Continuing Investing Activities |
|
-301 |
-154 |
140 |
-137 |
-1,269 |
-1,730 |
-1,177 |
536 |
853 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.87 |
-13 |
-4.89 |
-5.52 |
-4.67 |
-4.68 |
-5.36 |
-4.52 |
-5.14 |
Purchase of Investment Securities |
|
-884 |
-1,020 |
-363 |
-788 |
-2,031 |
-2,690 |
-1,879 |
19 |
-102 |
Sale and/or Maturity of Investments |
|
590 |
839 |
587 |
646 |
805 |
946 |
681 |
521 |
907 |
Other Investing Activities, net |
|
-5.57 |
47 |
-82 |
10 |
-41 |
18 |
26 |
1.34 |
52 |
Net Cash From Financing Activities |
|
195 |
45 |
-256 |
-512 |
2,856 |
1,310 |
-626 |
-754 |
-1,179 |
Net Cash From Continuing Financing Activities |
|
195 |
45 |
-256 |
-512 |
2,856 |
1,335 |
-626 |
-754 |
-1,179 |
Net Change in Deposits |
|
313 |
178 |
-98 |
-123 |
3,032 |
1,240 |
-1,323 |
-1,403 |
515 |
Repayment of Debt |
|
-200 |
-5.00 |
-53 |
-280 |
0.00 |
- |
993 |
1,075 |
-1,570 |
Repurchase of Common Equity |
|
-0.83 |
-1.91 |
-1.13 |
-2.64 |
-93 |
-8.34 |
-116 |
-21 |
-2.82 |
Payment of Dividends |
|
-49 |
-52 |
-57 |
-95 |
-98 |
-98 |
-104 |
-112 |
-112 |
Other Financing Activities, Net |
|
133 |
-81 |
2.68 |
-11 |
11 |
204 |
-75 |
-294 |
-9.19 |
Cash Interest Paid |
|
-9.47 |
7.99 |
-8.29 |
21 |
14 |
6.01 |
8.58 |
96 |
200 |
Quarterly Cash Flow Statements for CVB Financial
This table details how cash moves in and out of CVB Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-378 |
-205 |
24 |
391 |
-378 |
-18 |
668 |
-105 |
-391 |
-237 |
Net Cash From Operating Activities |
|
74 |
71 |
70 |
92 |
85 |
49 |
77 |
26 |
71 |
75 |
Net Cash From Continuing Operating Activities |
|
74 |
-19 |
71 |
91 |
85 |
-9.73 |
81 |
3.01 |
152 |
25 |
Net Income / (Loss) Continuing Operations |
|
65 |
66 |
59 |
56 |
58 |
49 |
49 |
50 |
51 |
51 |
Consolidated Net Income / (Loss) |
|
65 |
66 |
59 |
56 |
58 |
49 |
49 |
50 |
51 |
51 |
Provision For Loan Losses |
|
2.00 |
2.50 |
2.00 |
0.90 |
1.10 |
-2.50 |
0.00 |
-0.50 |
-0.75 |
-3.00 |
Depreciation Expense |
|
3.68 |
4.24 |
4.45 |
3.89 |
5.65 |
4.18 |
3.09 |
0.86 |
6.95 |
4.47 |
Amortization Expense |
|
6.44 |
-48 |
4.64 |
4.74 |
4.43 |
-32 |
4.14 |
4.23 |
4.28 |
-29 |
Non-Cash Adjustments to Reconcile Net Income |
|
-2.35 |
-38 |
1.18 |
-1.90 |
0.05 |
-29 |
1.34 |
-24 |
81 |
-16 |
Changes in Operating Assets and Liabilities, net |
|
0.05 |
-5.85 |
-0.23 |
27 |
16 |
0.77 |
24 |
-27 |
8.98 |
19 |
Net Cash From Investing Activities |
|
-186 |
-215 |
233 |
149 |
162 |
-7.23 |
231 |
203 |
458 |
-39 |
Net Cash From Continuing Investing Activities |
|
-844 |
448 |
255 |
127 |
162 |
-7.22 |
231 |
203 |
451 |
-32 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.75 |
-1.30 |
-0.34 |
-2.01 |
-0.53 |
-1.64 |
-0.17 |
-1.78 |
-1.21 |
-1.98 |
Purchase of Investment Securities |
|
-874 |
311 |
139 |
-144 |
175 |
-151 |
119 |
-167 |
337 |
-391 |
Sale and/or Maturity of Investments |
|
32 |
149 |
118 |
291 |
-39 |
150 |
116 |
366 |
132 |
293 |
Other Investing Activities, net |
|
-0.21 |
-1.96 |
-2.39 |
-19 |
26 |
-4.11 |
-4.42 |
5.29 |
-17 |
68 |
Net Cash From Financing Activities |
|
-267 |
29 |
-279 |
150 |
-625 |
-0.87 |
360 |
-334 |
-920 |
-284 |
Net Cash From Continuing Financing Activities |
|
-127 |
-111 |
-279 |
150 |
-625 |
-0.87 |
360 |
-334 |
-920 |
-284 |
Net Change in Deposits |
|
-200 |
-1,036 |
-564 |
126 |
-39 |
-925 |
461 |
-105 |
282 |
-124 |
Repurchase of Common Equity |
|
134 |
-140 |
-21 |
-0.02 |
-0.14 |
-0.03 |
-2.57 |
-0.02 |
-0.03 |
-0.19 |
Payment of Dividends |
|
-27 |
-28 |
-28 |
-28 |
-28 |
-28 |
-28 |
-28 |
-28 |
-28 |
Other Financing Activities, Net |
|
-35 |
98 |
-75 |
-38 |
-183 |
2.18 |
4.12 |
-6.89 |
126 |
-132 |
Cash Interest Paid |
|
1.76 |
4.45 |
17 |
24 |
24 |
30 |
23 |
59 |
80 |
38 |
Annual Balance Sheets for CVB Financial
This table presents CVB Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
7,671 |
8,074 |
8,271 |
11,529 |
11,282 |
14,419 |
15,884 |
16,477 |
16,021 |
15,154 |
Cash and Due from Banks |
|
106 |
122 |
144 |
164 |
186 |
1,958 |
1,733 |
203 |
281 |
205 |
Interest Bearing Deposits at Other Banks |
|
33 |
48 |
18 |
7.67 |
2.93 |
44 |
26 |
9.55 |
8.22 |
0.48 |
Trading Account Securities |
|
3,220 |
3,182 |
2,911 |
2,479 |
2,415 |
2,978 |
5,110 |
5,810 |
5,421 |
4,922 |
Loans and Leases, Net of Allowance |
|
3,958 |
4,334 |
4,771 |
7,701 |
7,496 |
8,255 |
7,823 |
8,994 |
8,818 |
8,456 |
Loans and Leases |
|
4,017 |
4,395 |
4,831 |
7,765 |
7,565 |
8,349 |
7,888 |
9,079 |
8,905 |
8,536 |
Allowance for Loan and Lease Losses |
|
59 |
62 |
60 |
64 |
69 |
94 |
65 |
85 |
87 |
80 |
Premises and Equipment, Net |
|
31 |
42 |
46 |
58 |
54 |
51 |
49 |
47 |
45 |
28 |
Goodwill |
|
74 |
90 |
117 |
667 |
664 |
664 |
664 |
766 |
766 |
766 |
Intangible Assets |
|
2.27 |
5.01 |
6.84 |
54 |
43 |
34 |
25 |
22 |
15 |
9.97 |
Other Assets |
|
247 |
252 |
257 |
399 |
423 |
436 |
454 |
625 |
667 |
767 |
Total Liabilities & Shareholders' Equity |
|
7,671 |
8,074 |
8,271 |
11,529 |
11,282 |
14,419 |
15,884 |
16,477 |
16,021 |
15,154 |
Total Liabilities |
|
6,748 |
7,083 |
7,201 |
9,678 |
9,288 |
12,411 |
13,802 |
14,528 |
13,943 |
12,967 |
Non-Interest Bearing Deposits |
|
3,250 |
3,674 |
3,846 |
5,205 |
5,246 |
7,455 |
8,104 |
8,164 |
7,206 |
7,037 |
Interest Bearing Deposits |
|
2,667 |
2,636 |
2,700 |
3,623 |
3,459 |
4,281 |
4,872 |
4,672 |
4,227 |
4,911 |
Short-Term Debt |
|
737 |
656 |
554 |
722 |
429 |
444 |
642 |
565 |
272 |
262 |
Accrued Interest Payable |
|
- |
- |
- |
- |
- |
- |
- |
0.43 |
23 |
5.05 |
Long-Term Debt |
|
26 |
26 |
26 |
26 |
26 |
26 |
2.28 |
995 |
2,070 |
500 |
Other Long-Term Liabilities |
|
66 |
68 |
75 |
102 |
129 |
205 |
181 |
131 |
144 |
252 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
- |
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
923 |
991 |
1,069 |
1,851 |
1,994 |
2,008 |
2,082 |
1,949 |
2,078 |
2,186 |
Total Preferred & Common Equity |
|
923 |
991 |
1,069 |
1,851 |
1,994 |
2,008 |
2,082 |
1,949 |
2,078 |
2,186 |
Total Common Equity |
|
923 |
991 |
1,069 |
1,851 |
1,994 |
2,008 |
2,082 |
1,949 |
2,078 |
2,186 |
Common Stock |
|
503 |
531 |
573 |
1,294 |
1,299 |
1,212 |
1,210 |
1,300 |
1,289 |
1,297 |
Retained Earnings |
|
400 |
449 |
494 |
576 |
683 |
761 |
876 |
1,003 |
1,113 |
1,201 |
Accumulated Other Comprehensive Income / (Loss) |
|
21 |
10 |
1.45 |
-18 |
13 |
35 |
-3.97 |
-355 |
-324 |
-312 |
Quarterly Balance Sheets for CVB Financial
This table presents CVB Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
16,349 |
16,274 |
16,485 |
15,903 |
16,468 |
16,151 |
15,403 |
Cash and Due from Banks |
|
319 |
228 |
618 |
241 |
950 |
844 |
453 |
Interest Bearing Deposits at Other Banks |
|
7.59 |
12 |
30 |
4.11 |
13 |
7.35 |
24 |
Trading Account Securities |
|
5,880 |
5,741 |
5,581 |
5,363 |
5,292 |
5,176 |
4,871 |
Loans and Leases, Net of Allowance |
|
8,692 |
8,856 |
8,820 |
8,789 |
8,688 |
8,599 |
8,490 |
Loans and Leases |
|
8,774 |
8,942 |
8,907 |
8,878 |
8,771 |
8,682 |
8,573 |
Allowance for Loan and Lease Losses |
|
83 |
87 |
87 |
89 |
83 |
83 |
83 |
Premises and Equipment, Net |
|
47 |
45 |
46 |
45 |
43 |
43 |
36 |
Goodwill |
|
766 |
766 |
766 |
766 |
766 |
766 |
766 |
Intangible Assets |
|
23 |
20 |
18 |
17 |
14 |
12 |
11 |
Other Assets |
|
615 |
607 |
605 |
680 |
703 |
704 |
752 |
Total Liabilities & Shareholders' Equity |
|
16,349 |
16,274 |
16,485 |
15,903 |
16,468 |
16,151 |
15,403 |
Total Liabilities |
|
14,470 |
14,284 |
14,483 |
13,952 |
14,381 |
14,039 |
13,205 |
Non-Interest Bearing Deposits |
|
8,765 |
7,844 |
7,879 |
7,587 |
7,113 |
7,090 |
7,137 |
Interest Bearing Deposits |
|
5,108 |
4,428 |
4,519 |
4,772 |
4,782 |
4,700 |
4,936 |
Short-Term Debt |
|
468 |
490 |
452 |
270 |
276 |
269 |
395 |
Accrued Interest Payable |
|
- |
- |
- |
- |
45 |
34 |
6.68 |
Long-Term Debt |
|
0.00 |
1,405 |
1,495 |
1,120 |
1,995 |
1,800 |
500 |
Other Long-Term Liabilities |
|
130 |
117 |
138 |
203 |
170 |
146 |
232 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,879 |
1,990 |
2,001 |
1,951 |
2,087 |
2,112 |
2,198 |
Total Preferred & Common Equity |
|
1,879 |
1,990 |
2,001 |
1,951 |
2,087 |
2,112 |
2,198 |
Total Common Equity |
|
1,879 |
1,990 |
2,001 |
1,951 |
2,087 |
2,112 |
2,198 |
Common Stock |
|
1,298 |
1,282 |
1,284 |
1,286 |
1,289 |
1,291 |
1,294 |
Retained Earnings |
|
965 |
1,034 |
1,062 |
1,092 |
1,133 |
1,155 |
1,179 |
Accumulated Other Comprehensive Income / (Loss) |
|
-383 |
-326 |
-345 |
-427 |
-335 |
-334 |
-275 |
Annual Metrics And Ratios for CVB Financial
This table displays calculated financial ratios and metrics derived from CVB Financial's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
4.95% |
2.17% |
9.71% |
22.26% |
26.06% |
-5.84% |
-0.86% |
20.26% |
-1.47% |
-8.31% |
EBITDA Growth |
|
-8.24% |
-13.47% |
42.88% |
-1.69% |
47.04% |
-22.95% |
11.00% |
21.80% |
0.04% |
-14.51% |
EBIT Growth |
|
-7.02% |
7.21% |
16.33% |
11.82% |
37.87% |
-14.28% |
19.29% |
10.31% |
-3.93% |
-14.01% |
NOPAT Growth |
|
-4.69% |
2.30% |
2.94% |
45.58% |
36.73% |
-14.76% |
19.96% |
10.78% |
-5.94% |
-9.36% |
Net Income Growth |
|
-4.69% |
2.30% |
2.94% |
45.58% |
36.73% |
-14.76% |
19.96% |
10.78% |
-5.94% |
-9.36% |
EPS Growth |
|
-5.10% |
1.08% |
1.06% |
30.53% |
19.35% |
-12.16% |
20.00% |
7.05% |
-4.79% |
-9.43% |
Operating Cash Flow Growth |
|
-25.88% |
24.29% |
11.14% |
19.18% |
26.21% |
-11.09% |
5.48% |
40.20% |
8.00% |
-15.51% |
Free Cash Flow Firm Growth |
|
26.07% |
-9.20% |
11.88% |
-722.48% |
144.90% |
-58.85% |
-124.05% |
-1,442.66% |
-25.92% |
342.61% |
Invested Capital Growth |
|
-1.58% |
-0.78% |
-1.43% |
57.64% |
-5.80% |
1.21% |
10.01% |
28.71% |
25.95% |
-33.29% |
Revenue Q/Q Growth |
|
0.33% |
0.65% |
-1.53% |
17.68% |
-1.62% |
0.53% |
-1.57% |
7.87% |
-2.97% |
-2.90% |
EBITDA Q/Q Growth |
|
-0.48% |
-19.59% |
19.19% |
0.58% |
4.75% |
-5.06% |
-11.38% |
15.44% |
-2.27% |
-1.42% |
EBIT Q/Q Growth |
|
0.93% |
1.35% |
-4.08% |
15.73% |
2.32% |
1.33% |
-2.32% |
10.64% |
-7.01% |
-2.36% |
NOPAT Q/Q Growth |
|
3.15% |
-1.49% |
-8.12% |
19.98% |
4.07% |
-0.69% |
-1.10% |
8.51% |
-7.39% |
1.18% |
Net Income Q/Q Growth |
|
3.15% |
-1.49% |
-8.12% |
19.98% |
4.07% |
-0.69% |
-1.10% |
8.51% |
-7.39% |
1.18% |
EPS Q/Q Growth |
|
3.33% |
-1.05% |
-9.52% |
12.73% |
4.23% |
0.78% |
-1.89% |
9.15% |
-7.56% |
0.70% |
Operating Cash Flow Q/Q Growth |
|
-37.11% |
61.23% |
-15.31% |
10.93% |
6.32% |
-6.89% |
6.31% |
4.67% |
-6.99% |
11.65% |
Free Cash Flow Firm Q/Q Growth |
|
-11.51% |
118.06% |
27.76% |
-51.55% |
426.42% |
78.46% |
-375.17% |
-192.19% |
8.73% |
274.10% |
Invested Capital Q/Q Growth |
|
8.30% |
4.08% |
1.76% |
14.31% |
1.79% |
-0.92% |
0.10% |
49.53% |
32.29% |
-4.66% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
59.15% |
50.10% |
65.25% |
52.46% |
61.20% |
50.08% |
56.07% |
56.79% |
57.65% |
53.76% |
EBIT Margin |
|
52.85% |
55.46% |
58.81% |
53.78% |
58.82% |
53.55% |
64.44% |
59.11% |
57.63% |
54.05% |
Profit (Net Income) Margin |
|
34.61% |
34.66% |
32.52% |
38.72% |
42.00% |
38.02% |
46.01% |
42.38% |
40.46% |
40.00% |
Tax Burden Percent |
|
65.50% |
62.50% |
55.30% |
72.00% |
71.40% |
71.00% |
71.40% |
71.70% |
70.20% |
74.00% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
34.50% |
37.50% |
44.70% |
28.00% |
28.60% |
29.00% |
28.60% |
28.30% |
29.80% |
26.00% |
Return on Invested Capital (ROIC) |
|
5.83% |
6.04% |
6.29% |
7.16% |
8.23% |
7.19% |
8.17% |
7.55% |
5.59% |
5.45% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
5.83% |
6.04% |
6.29% |
7.16% |
8.23% |
7.19% |
8.17% |
7.55% |
5.59% |
5.45% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.17% |
4.56% |
3.85% |
3.25% |
2.58% |
1.66% |
2.23% |
4.13% |
5.41% |
3.97% |
Return on Equity (ROE) |
|
11.01% |
10.60% |
10.14% |
10.41% |
10.81% |
8.85% |
10.39% |
11.68% |
11.00% |
9.41% |
Cash Return on Invested Capital (CROIC) |
|
7.43% |
6.83% |
7.72% |
-37.59% |
14.20% |
5.99% |
-1.36% |
-17.56% |
-17.39% |
45.39% |
Operating Return on Assets (OROA) |
|
2.01% |
2.06% |
2.31% |
2.13% |
2.55% |
1.94% |
1.96% |
2.03% |
1.94% |
1.74% |
Return on Assets (ROA) |
|
1.32% |
1.29% |
1.28% |
1.54% |
1.82% |
1.38% |
1.40% |
1.46% |
1.36% |
1.29% |
Return on Common Equity (ROCE) |
|
11.01% |
10.60% |
10.14% |
10.41% |
10.81% |
8.85% |
10.39% |
11.68% |
11.00% |
9.41% |
Return on Equity Simple (ROE_SIMPLE) |
|
10.74% |
10.24% |
9.76% |
8.21% |
10.42% |
8.82% |
10.21% |
12.08% |
10.66% |
9.18% |
Net Operating Profit after Tax (NOPAT) |
|
99 |
101 |
104 |
152 |
208 |
177 |
213 |
235 |
221 |
201 |
NOPAT Margin |
|
34.61% |
34.66% |
32.52% |
38.72% |
42.00% |
38.02% |
46.01% |
42.38% |
40.46% |
40.00% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
34.40% |
35.30% |
33.85% |
32.11% |
29.47% |
31.09% |
30.79% |
28.92% |
30.71% |
34.91% |
Operating Expenses to Revenue |
|
49.11% |
46.73% |
43.84% |
45.83% |
40.16% |
41.40% |
41.09% |
38.98% |
42.00% |
46.55% |
Earnings before Interest and Taxes (EBIT) |
|
151 |
162 |
189 |
211 |
291 |
250 |
298 |
328 |
315 |
271 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
169 |
147 |
209 |
206 |
303 |
233 |
259 |
315 |
316 |
270 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.42 |
1.86 |
1.85 |
1.20 |
1.22 |
1.11 |
1.22 |
1.68 |
1.28 |
1.37 |
Price to Tangible Book Value (P/TBV) |
|
1.55 |
2.06 |
2.09 |
1.96 |
1.89 |
1.70 |
1.82 |
2.83 |
2.06 |
2.12 |
Price to Revenue (P/Rev) |
|
4.58 |
6.30 |
6.15 |
5.64 |
4.92 |
4.79 |
5.49 |
5.90 |
4.87 |
5.96 |
Price to Earnings (P/E) |
|
12.30 |
16.89 |
18.91 |
14.57 |
11.72 |
13.32 |
11.07 |
8.57 |
12.79 |
15.27 |
Dividend Yield |
|
3.90% |
2.81% |
2.90% |
3.55% |
3.91% |
4.37% |
3.85% |
3.28% |
4.18% |
3.74% |
Earnings Yield |
|
8.13% |
5.92% |
5.29% |
6.87% |
8.53% |
7.51% |
9.03% |
11.67% |
7.82% |
6.55% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.15 |
1.41 |
1.45 |
1.07 |
1.10 |
0.28 |
0.52 |
1.32 |
1.07 |
1.20 |
Enterprise Value to Revenue (EV/Rev) |
|
6.75 |
8.05 |
7.45 |
7.11 |
5.46 |
1.50 |
3.08 |
8.33 |
8.62 |
7.07 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
11.42 |
16.07 |
11.42 |
13.55 |
8.92 |
3.00 |
5.49 |
14.67 |
14.95 |
13.15 |
Enterprise Value to EBIT (EV/EBIT) |
|
12.78 |
14.52 |
12.67 |
13.22 |
9.28 |
2.81 |
4.78 |
14.09 |
14.95 |
13.08 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
19.51 |
23.23 |
22.91 |
18.36 |
13.00 |
3.95 |
6.69 |
19.65 |
21.30 |
17.67 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
19.30 |
18.92 |
17.28 |
16.92 |
12.98 |
3.78 |
7.28 |
16.90 |
15.96 |
14.20 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
15.32 |
20.56 |
18.65 |
0.00 |
7.54 |
4.75 |
0.00 |
0.00 |
0.00 |
2.12 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.83 |
0.69 |
0.54 |
0.40 |
0.23 |
0.23 |
0.31 |
0.80 |
1.13 |
0.35 |
Long-Term Debt to Equity |
|
0.03 |
0.03 |
0.02 |
0.01 |
0.01 |
0.01 |
0.00 |
0.51 |
1.00 |
0.23 |
Financial Leverage |
|
0.89 |
0.75 |
0.61 |
0.45 |
0.31 |
0.23 |
0.27 |
0.55 |
0.97 |
0.73 |
Leverage Ratio |
|
8.35 |
8.23 |
7.93 |
6.78 |
5.93 |
6.42 |
7.41 |
8.03 |
8.07 |
7.31 |
Compound Leverage Factor |
|
8.35 |
8.23 |
7.93 |
6.78 |
5.93 |
6.42 |
7.41 |
8.03 |
8.07 |
7.31 |
Debt to Total Capital |
|
45.23% |
40.76% |
35.15% |
28.78% |
18.56% |
18.97% |
23.65% |
44.47% |
52.98% |
25.84% |
Short-Term Debt to Total Capital |
|
43.70% |
39.22% |
33.59% |
27.79% |
17.51% |
17.93% |
23.56% |
16.11% |
6.15% |
8.88% |
Long-Term Debt to Total Capital |
|
1.53% |
1.54% |
1.56% |
0.99% |
1.05% |
1.04% |
0.08% |
28.36% |
46.84% |
16.96% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
54.77% |
59.24% |
64.85% |
71.22% |
81.44% |
81.03% |
76.35% |
55.53% |
47.02% |
74.16% |
Debt to EBITDA |
|
4.50 |
4.65 |
2.77 |
3.63 |
1.50 |
2.02 |
2.49 |
4.95 |
7.42 |
2.82 |
Net Debt to EBITDA |
|
3.68 |
3.49 |
1.99 |
2.80 |
0.88 |
-6.56 |
-4.30 |
4.27 |
6.50 |
2.06 |
Long-Term Debt to EBITDA |
|
0.15 |
0.18 |
0.12 |
0.13 |
0.09 |
0.11 |
0.01 |
3.15 |
6.56 |
1.85 |
Debt to NOPAT |
|
7.69 |
6.72 |
5.55 |
4.92 |
2.19 |
2.65 |
3.03 |
6.63 |
10.57 |
3.80 |
Net Debt to NOPAT |
|
6.29 |
5.05 |
4.00 |
3.79 |
1.28 |
-8.65 |
-5.24 |
5.72 |
9.27 |
2.77 |
Long-Term Debt to NOPAT |
|
0.26 |
0.25 |
0.25 |
0.17 |
0.12 |
0.15 |
0.01 |
4.23 |
9.35 |
2.49 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
126 |
115 |
128 |
-798 |
359 |
148 |
-35 |
-547 |
-689 |
1,672 |
Operating Cash Flow to CapEx |
|
10,625.13% |
987.17% |
2,828.71% |
0.00% |
3,770.05% |
7,284.38% |
5,546.65% |
5,107.87% |
6,539.08% |
4,863.97% |
Free Cash Flow to Firm to Interest Expense |
|
14.73 |
14.37 |
15.46 |
-62.30 |
16.24 |
10.33 |
-5.84 |
-59.79 |
-5.82 |
9.15 |
Operating Cash Flow to Interest Expense |
|
11.69 |
15.61 |
16.68 |
12.87 |
9.43 |
12.96 |
32.11 |
29.90 |
2.50 |
1.37 |
Operating Cash Flow Less CapEx to Interest Expense |
|
11.58 |
14.03 |
16.09 |
13.20 |
9.18 |
12.78 |
31.53 |
29.31 |
2.46 |
1.34 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
8.82 |
7.97 |
7.28 |
7.52 |
8.82 |
8.86 |
9.22 |
11.60 |
11.98 |
13.89 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,686 |
1,673 |
1,649 |
2,599 |
2,449 |
2,478 |
2,726 |
3,509 |
4,420 |
2,948 |
Invested Capital Turnover |
|
0.17 |
0.17 |
0.19 |
0.18 |
0.20 |
0.19 |
0.18 |
0.18 |
0.14 |
0.14 |
Increase / (Decrease) in Invested Capital |
|
-27 |
-13 |
-24 |
950 |
-151 |
30 |
248 |
783 |
911 |
-1,471 |
Enterprise Value (EV) |
|
1,934 |
2,357 |
2,392 |
2,790 |
2,702 |
701 |
1,422 |
4,627 |
4,717 |
3,547 |
Market Capitalization |
|
1,311 |
1,844 |
1,975 |
2,214 |
2,436 |
2,232 |
2,535 |
3,280 |
2,665 |
2,990 |
Book Value per Share |
|
$8.68 |
$9.16 |
$9.71 |
$13.19 |
$14.23 |
$14.82 |
$15.36 |
$13.94 |
$14.91 |
$15.65 |
Tangible Book Value per Share |
|
$7.96 |
$8.29 |
$8.59 |
$8.06 |
$9.19 |
$9.67 |
$10.27 |
$8.30 |
$9.31 |
$10.10 |
Total Capital |
|
1,686 |
1,673 |
1,649 |
2,599 |
2,449 |
2,478 |
2,726 |
3,509 |
4,420 |
2,948 |
Total Debt |
|
762 |
682 |
580 |
748 |
454 |
470 |
645 |
1,560 |
2,342 |
762 |
Total Long-Term Debt |
|
26 |
26 |
26 |
26 |
26 |
26 |
2.28 |
995 |
2,070 |
500 |
Net Debt |
|
624 |
512 |
417 |
576 |
266 |
-1,532 |
-1,114 |
1,347 |
2,052 |
557 |
Capital Expenditures (CapEx) |
|
0.94 |
13 |
4.89 |
-4.19 |
5.52 |
2.54 |
3.52 |
5.36 |
4.52 |
5.14 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
762 |
682 |
580 |
748 |
454 |
470 |
645 |
1,560 |
2,342 |
762 |
Total Depreciation and Amortization (D&A) |
|
18 |
-16 |
21 |
-5.18 |
12 |
-16 |
-39 |
-13 |
0.12 |
-1.46 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$1.25 |
$1.48 |
$0.00 |
$0.00 |
$1.67 |
$1.59 |
$1.44 |
Adjusted Weighted Average Basic Shares Outstanding |
|
106.37M |
108.42M |
110.16M |
139.97M |
140.11M |
135.87M |
141.92M |
139.51M |
139.37M |
139.62M |
Adjusted Diluted Earnings per Share |
|
$0.93 |
$0.94 |
$0.95 |
$1.24 |
$1.48 |
$1.30 |
$1.56 |
$1.67 |
$1.59 |
$1.44 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
106.37M |
108.42M |
110.16M |
139.97M |
140.11M |
135.87M |
141.92M |
139.51M |
139.37M |
139.62M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.48 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
106.37M |
108.42M |
110.16M |
139.97M |
140.11M |
135.87M |
141.92M |
139.51M |
139.37M |
139.62M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
99 |
104 |
106 |
164 |
212 |
177 |
213 |
240 |
221 |
201 |
Normalized NOPAT Margin |
|
34.72% |
35.61% |
32.91% |
41.73% |
42.93% |
38.02% |
46.16% |
43.16% |
40.46% |
40.00% |
Pre Tax Income Margin |
|
52.85% |
55.46% |
58.81% |
53.78% |
58.82% |
53.55% |
64.44% |
59.11% |
57.63% |
54.05% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
17.66 |
20.35 |
22.76 |
16.47 |
13.18 |
17.47 |
48.96 |
35.87 |
2.67 |
1.48 |
NOPAT to Interest Expense |
|
11.57 |
12.72 |
12.59 |
11.86 |
9.41 |
12.40 |
34.95 |
25.72 |
1.87 |
1.10 |
EBIT Less CapEx to Interest Expense |
|
17.55 |
18.77 |
22.17 |
16.80 |
12.93 |
17.29 |
48.38 |
35.28 |
2.63 |
1.46 |
NOPAT Less CapEx to Interest Expense |
|
11.46 |
11.14 |
12.00 |
12.19 |
9.16 |
12.22 |
34.38 |
25.13 |
1.83 |
1.07 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
49.28% |
50.90% |
54.64% |
-43.40% |
45.88% |
55.59% |
45.99% |
44.36% |
50.44% |
55.72% |
Augmented Payout Ratio |
|
50.12% |
52.78% |
55.72% |
-48.50% |
47.15% |
107.95% |
49.91% |
93.77% |
60.02% |
57.12% |
Quarterly Metrics And Ratios for CVB Financial
This table displays calculated financial ratios and metrics derived from CVB Financial's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
27.37% |
35.30% |
11.95% |
0.77% |
-5.00% |
-10.80% |
-8.89% |
-5.23% |
-8.15% |
-10.83% |
EBITDA Growth |
|
32.14% |
349.69% |
24.13% |
-1.21% |
-9.31% |
-13.52% |
-19.20% |
-14.41% |
-13.08% |
-8.29% |
EBIT Growth |
|
29.01% |
47.27% |
30.27% |
1.26% |
-10.32% |
-24.18% |
-19.07% |
-11.46% |
-16.13% |
-8.78% |
NOPAT Growth |
|
29.92% |
38.73% |
30.09% |
-5.57% |
-10.45% |
-26.69% |
-18.00% |
-10.28% |
-11.51% |
4.84% |
Net Income Growth |
|
29.92% |
38.73% |
30.09% |
-5.57% |
-10.45% |
-26.69% |
-18.00% |
-10.28% |
-11.51% |
4.84% |
EPS Growth |
|
24.32% |
41.18% |
35.48% |
-4.76% |
-8.70% |
-27.08% |
-16.67% |
-10.00% |
-11.90% |
2.86% |
Operating Cash Flow Growth |
|
13.02% |
20.84% |
-6.65% |
72.65% |
13.95% |
-31.32% |
10.49% |
-71.58% |
-15.86% |
53.55% |
Free Cash Flow Firm Growth |
|
355.75% |
-257.76% |
-1,531.28% |
-779.18% |
-312.12% |
-20.31% |
63.19% |
87.04% |
132.02% |
276.57% |
Invested Capital Growth |
|
-13.83% |
28.71% |
45.29% |
58.90% |
42.37% |
25.95% |
12.16% |
5.89% |
-7.44% |
-33.29% |
Revenue Q/Q Growth |
|
10.48% |
7.15% |
-10.54% |
-4.85% |
4.15% |
0.61% |
-8.62% |
-1.03% |
0.94% |
-2.32% |
EBITDA Q/Q Growth |
|
14.50% |
-45.76% |
68.90% |
-5.82% |
5.10% |
-48.27% |
57.80% |
-0.23% |
6.73% |
-45.42% |
EBIT Q/Q Growth |
|
17.20% |
9.43% |
-16.09% |
-5.91% |
3.80% |
-7.48% |
-10.44% |
2.95% |
-1.68% |
0.63% |
NOPAT Q/Q Growth |
|
9.45% |
2.37% |
-10.43% |
-5.91% |
3.80% |
-16.20% |
0.19% |
2.95% |
2.38% |
-0.71% |
Net Income Q/Q Growth |
|
9.45% |
2.37% |
-10.43% |
-5.91% |
3.80% |
-16.20% |
0.19% |
2.95% |
2.38% |
-0.71% |
EPS Q/Q Growth |
|
9.52% |
4.35% |
-12.50% |
-4.76% |
5.00% |
-16.67% |
0.00% |
2.86% |
2.78% |
-2.70% |
Operating Cash Flow Q/Q Growth |
|
39.76% |
-4.80% |
-1.08% |
31.18% |
-7.76% |
-42.63% |
59.15% |
-66.25% |
173.06% |
4.70% |
Free Cash Flow Firm Q/Q Growth |
|
112.93% |
-262.35% |
-60.73% |
-22.24% |
33.50% |
7.92% |
50.83% |
56.96% |
264.31% |
407.71% |
Invested Capital Q/Q Growth |
|
-5.57% |
49.53% |
10.72% |
1.64% |
-15.39% |
32.29% |
-1.40% |
-4.05% |
-26.04% |
-4.66% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
69.01% |
34.93% |
65.96% |
65.29% |
65.88% |
33.87% |
58.49% |
58.97% |
62.35% |
34.83% |
EBIT Margin |
|
62.03% |
63.35% |
59.42% |
58.76% |
58.56% |
53.85% |
52.78% |
54.90% |
53.47% |
55.08% |
Profit (Net Income) Margin |
|
44.60% |
42.61% |
42.66% |
42.19% |
42.04% |
35.02% |
38.40% |
39.94% |
40.51% |
41.17% |
Tax Burden Percent |
|
71.90% |
71.19% |
71.80% |
71.80% |
71.80% |
65.03% |
72.75% |
72.75% |
75.76% |
74.75% |
Interest Burden Percent |
|
100.00% |
94.48% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
28.10% |
28.81% |
28.20% |
28.20% |
28.20% |
34.97% |
27.25% |
27.25% |
24.25% |
25.25% |
Return on Invested Capital (ROIC) |
|
9.06% |
7.59% |
7.42% |
7.49% |
8.34% |
4.83% |
4.98% |
5.19% |
6.51% |
5.61% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.06% |
7.59% |
7.42% |
7.49% |
8.34% |
4.83% |
4.98% |
5.19% |
6.51% |
5.61% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.59% |
4.15% |
4.55% |
4.61% |
4.04% |
4.69% |
5.09% |
5.07% |
3.58% |
4.08% |
Return on Equity (ROE) |
|
11.65% |
11.75% |
11.97% |
12.10% |
12.38% |
9.52% |
10.08% |
10.25% |
10.09% |
9.69% |
Cash Return on Invested Capital (CROIC) |
|
23.42% |
-17.56% |
-29.33% |
-37.86% |
-26.55% |
-17.39% |
-6.35% |
-0.68% |
13.90% |
45.39% |
Operating Return on Assets (OROA) |
|
1.96% |
2.17% |
2.00% |
2.02% |
2.05% |
1.81% |
1.72% |
1.78% |
1.77% |
1.77% |
Return on Assets (ROA) |
|
1.41% |
1.46% |
1.44% |
1.45% |
1.47% |
1.18% |
1.25% |
1.29% |
1.34% |
1.33% |
Return on Common Equity (ROCE) |
|
11.65% |
11.75% |
11.97% |
12.10% |
12.38% |
9.52% |
10.08% |
10.25% |
10.09% |
9.69% |
Return on Equity Simple (ROE_SIMPLE) |
|
11.55% |
0.00% |
12.52% |
12.28% |
12.25% |
0.00% |
10.10% |
9.71% |
9.03% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
65 |
66 |
59 |
56 |
58 |
49 |
49 |
50 |
51 |
51 |
NOPAT Margin |
|
44.60% |
42.61% |
42.66% |
42.19% |
42.04% |
35.02% |
38.40% |
39.94% |
40.51% |
41.17% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
27.94% |
26.84% |
30.53% |
30.55% |
30.50% |
31.24% |
34.44% |
34.45% |
35.44% |
35.31% |
Operating Expenses to Revenue |
|
36.59% |
35.04% |
39.50% |
40.86% |
39.99% |
47.60% |
47.22% |
45.10% |
46.53% |
47.34% |
Earnings before Interest and Taxes (EBIT) |
|
90 |
98 |
83 |
78 |
81 |
75 |
67 |
69 |
68 |
68 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
100 |
54 |
92 |
86 |
91 |
47 |
74 |
74 |
79 |
43 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.69 |
1.68 |
1.07 |
0.85 |
1.11 |
1.28 |
1.14 |
1.10 |
1.12 |
1.37 |
Price to Tangible Book Value (P/TBV) |
|
2.91 |
2.83 |
1.76 |
1.40 |
1.85 |
2.06 |
1.82 |
1.75 |
1.74 |
2.12 |
Price to Revenue (P/Rev) |
|
6.17 |
5.90 |
3.72 |
2.99 |
3.83 |
4.87 |
4.45 |
4.41 |
4.77 |
5.96 |
Price to Earnings (P/E) |
|
8.50 |
8.57 |
6.53 |
5.90 |
8.22 |
12.79 |
11.06 |
11.42 |
18.35 |
15.27 |
Dividend Yield |
|
3.21% |
3.28% |
5.07% |
6.45% |
5.16% |
4.18% |
4.68% |
4.79% |
4.53% |
3.74% |
Earnings Yield |
|
11.77% |
11.67% |
15.31% |
16.95% |
12.17% |
7.82% |
9.04% |
8.76% |
5.45% |
6.55% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.41 |
1.32 |
0.97 |
0.76 |
0.99 |
1.07 |
0.85 |
0.85 |
0.93 |
1.20 |
Enterprise Value to Revenue (EV/Rev) |
|
6.44 |
8.33 |
6.62 |
5.26 |
5.86 |
8.62 |
6.89 |
6.72 |
5.58 |
7.07 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
12.14 |
14.67 |
11.33 |
9.04 |
10.24 |
14.95 |
12.38 |
12.43 |
10.53 |
13.15 |
Enterprise Value to EBIT (EV/EBIT) |
|
11.18 |
14.09 |
10.86 |
8.62 |
9.74 |
14.95 |
12.31 |
12.20 |
10.38 |
13.08 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
15.29 |
19.65 |
15.15 |
12.22 |
13.82 |
21.30 |
17.50 |
17.31 |
14.53 |
17.67 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
12.68 |
16.90 |
14.05 |
9.77 |
10.40 |
15.96 |
12.17 |
14.96 |
12.89 |
14.20 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
5.59 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
6.45 |
2.12 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.25 |
0.80 |
0.95 |
0.97 |
0.71 |
1.13 |
1.09 |
0.98 |
0.41 |
0.35 |
Long-Term Debt to Equity |
|
0.00 |
0.51 |
0.71 |
0.75 |
0.57 |
1.00 |
0.96 |
0.85 |
0.23 |
0.23 |
Financial Leverage |
|
0.29 |
0.55 |
0.61 |
0.62 |
0.48 |
0.97 |
1.02 |
0.98 |
0.55 |
0.73 |
Leverage Ratio |
|
8.26 |
8.03 |
8.32 |
8.35 |
8.42 |
8.07 |
8.03 |
7.93 |
7.55 |
7.31 |
Compound Leverage Factor |
|
8.26 |
7.59 |
8.32 |
8.35 |
8.42 |
8.07 |
8.03 |
7.93 |
7.55 |
7.31 |
Debt to Total Capital |
|
19.94% |
44.47% |
48.78% |
49.32% |
41.59% |
52.98% |
52.11% |
49.48% |
28.93% |
25.84% |
Short-Term Debt to Total Capital |
|
19.94% |
16.11% |
12.62% |
11.46% |
8.07% |
6.15% |
6.33% |
6.43% |
12.76% |
8.88% |
Long-Term Debt to Total Capital |
|
0.00% |
28.36% |
36.16% |
37.86% |
33.52% |
46.84% |
45.78% |
43.05% |
16.17% |
16.96% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
80.06% |
55.53% |
51.22% |
50.68% |
58.41% |
47.02% |
47.89% |
50.52% |
71.07% |
74.16% |
Debt to EBITDA |
|
1.71 |
4.95 |
5.69 |
5.86 |
4.30 |
7.42 |
7.62 |
7.25 |
3.27 |
2.82 |
Net Debt to EBITDA |
|
0.52 |
4.27 |
4.97 |
3.91 |
3.55 |
6.50 |
4.39 |
4.26 |
1.52 |
2.06 |
Long-Term Debt to EBITDA |
|
0.00 |
3.15 |
4.22 |
4.50 |
3.47 |
6.56 |
6.70 |
6.30 |
1.83 |
1.85 |
Debt to NOPAT |
|
2.16 |
6.63 |
7.61 |
7.92 |
5.81 |
10.57 |
10.77 |
10.09 |
4.51 |
3.80 |
Net Debt to NOPAT |
|
0.65 |
5.72 |
6.65 |
5.28 |
4.79 |
9.27 |
6.21 |
5.94 |
2.10 |
2.77 |
Long-Term Debt to NOPAT |
|
0.00 |
4.23 |
5.64 |
6.08 |
4.68 |
9.35 |
9.47 |
8.78 |
2.52 |
2.49 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
441 |
-717 |
-1,152 |
-1,408 |
-936 |
-862 |
-424 |
-182 |
300 |
1,522 |
Operating Cash Flow to CapEx |
|
4,254.74% |
5,444.32% |
20,443.15% |
4,585.39% |
15,978.91% |
2,966.54% |
46,671.08% |
1,468.88% |
5,880.89% |
3,784.86% |
Free Cash Flow to Firm to Interest Expense |
|
238.60 |
-151.73 |
-67.52 |
-47.40 |
-28.50 |
-22.27 |
-9.37 |
-3.78 |
5.75 |
40.94 |
Operating Cash Flow to Interest Expense |
|
40.25 |
15.01 |
4.11 |
3.10 |
2.58 |
1.26 |
1.71 |
0.54 |
1.37 |
2.01 |
Operating Cash Flow Less CapEx to Interest Expense |
|
39.30 |
14.73 |
4.09 |
3.03 |
2.57 |
1.21 |
1.71 |
0.51 |
1.35 |
1.96 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.03 |
0.03 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
10.59 |
11.60 |
11.55 |
12.34 |
12.27 |
11.98 |
12.05 |
11.90 |
12.79 |
13.89 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,347 |
3,509 |
3,885 |
3,949 |
3,341 |
4,420 |
4,358 |
4,181 |
3,092 |
2,948 |
Invested Capital Turnover |
|
0.20 |
0.18 |
0.17 |
0.18 |
0.20 |
0.14 |
0.13 |
0.13 |
0.16 |
0.14 |
Increase / (Decrease) in Invested Capital |
|
-377 |
783 |
1,211 |
1,464 |
994 |
911 |
473 |
233 |
-249 |
-1,471 |
Enterprise Value (EV) |
|
3,317 |
4,627 |
3,776 |
3,004 |
3,305 |
4,717 |
3,688 |
3,548 |
2,883 |
3,547 |
Market Capitalization |
|
3,175 |
3,280 |
2,120 |
1,706 |
2,160 |
2,665 |
2,379 |
2,331 |
2,466 |
2,990 |
Book Value per Share |
|
$13.44 |
$13.94 |
$14.26 |
$14.37 |
$14.00 |
$14.91 |
$14.94 |
$15.13 |
$15.73 |
$15.65 |
Tangible Book Value per Share |
|
$7.79 |
$8.30 |
$8.63 |
$8.74 |
$8.39 |
$9.31 |
$9.36 |
$9.55 |
$10.17 |
$10.10 |
Total Capital |
|
2,347 |
3,509 |
3,885 |
3,949 |
3,341 |
4,420 |
4,358 |
4,181 |
3,092 |
2,948 |
Total Debt |
|
468 |
1,560 |
1,895 |
1,947 |
1,390 |
2,342 |
2,271 |
2,069 |
895 |
762 |
Total Long-Term Debt |
|
0.00 |
995 |
1,405 |
1,495 |
1,120 |
2,070 |
1,995 |
1,800 |
500 |
500 |
Net Debt |
|
142 |
1,347 |
1,656 |
1,299 |
1,145 |
2,052 |
1,308 |
1,217 |
417 |
557 |
Capital Expenditures (CapEx) |
|
1.75 |
1.30 |
0.34 |
2.01 |
0.53 |
1.64 |
0.17 |
1.78 |
1.21 |
1.98 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
468 |
1,560 |
1,895 |
1,947 |
1,390 |
2,342 |
2,271 |
2,069 |
895 |
762 |
Total Depreciation and Amortization (D&A) |
|
10 |
-44 |
9.08 |
8.63 |
10 |
-28 |
7.23 |
5.09 |
11 |
-25 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.46 |
$0.48 |
$0.42 |
$0.40 |
$0.42 |
$0.35 |
$0.35 |
$0.36 |
$0.37 |
$0.36 |
Adjusted Weighted Average Basic Shares Outstanding |
|
139.81M |
139.51M |
139.29M |
139.34M |
139.34M |
139.37M |
139.64M |
139.68M |
139.68M |
139.62M |
Adjusted Diluted Earnings per Share |
|
$0.46 |
$0.48 |
$0.42 |
$0.40 |
$0.42 |
$0.35 |
$0.35 |
$0.36 |
$0.37 |
$0.36 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
139.81M |
139.51M |
139.29M |
139.34M |
139.34M |
139.37M |
139.64M |
139.68M |
139.68M |
139.62M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
139.81M |
139.51M |
139.29M |
139.34M |
139.34M |
139.37M |
139.64M |
139.68M |
139.68M |
139.62M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
65 |
66 |
59 |
56 |
58 |
49 |
49 |
50 |
51 |
51 |
Normalized NOPAT Margin |
|
44.60% |
42.61% |
42.66% |
42.19% |
42.04% |
35.02% |
38.40% |
39.94% |
40.51% |
41.17% |
Pre Tax Income Margin |
|
62.03% |
59.85% |
59.42% |
58.76% |
58.56% |
53.85% |
52.78% |
54.90% |
53.47% |
55.08% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
48.60 |
20.83 |
4.84 |
2.61 |
2.45 |
1.93 |
1.48 |
1.43 |
1.30 |
1.83 |
NOPAT to Interest Expense |
|
34.94 |
14.01 |
3.47 |
1.88 |
1.76 |
1.25 |
1.07 |
1.04 |
0.98 |
1.37 |
EBIT Less CapEx to Interest Expense |
|
47.65 |
20.55 |
4.82 |
2.55 |
2.44 |
1.88 |
1.47 |
1.39 |
1.27 |
1.78 |
NOPAT Less CapEx to Interest Expense |
|
33.99 |
13.73 |
3.45 |
1.81 |
1.75 |
1.21 |
1.07 |
1.00 |
0.96 |
1.31 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
46.49% |
44.36% |
43.40% |
44.95% |
46.75% |
50.44% |
52.96% |
54.48% |
56.34% |
55.72% |
Augmented Payout Ratio |
|
35.57% |
93.77% |
70.59% |
55.90% |
114.22% |
60.02% |
54.27% |
55.82% |
57.68% |
57.12% |
Key Financial Trends
CVB Financial Corp (NASDAQ: CVBF) has demonstrated relatively stable financial performance over the past two years, with some fluctuations evident in quarterly results across income, cash flow, and balance sheet statements.
Positive Trends:
- Net Interest Income has generally remained strong, with Q4 2024 reporting $110.4 million, showing resilience against a backdrop of fluctuating interest expenses.
- Consistent dividend payouts at $0.20 per share each quarter reflect steady shareholder returns.
- The company’s net income attributable to common shareholders increased significantly in Q4 2024 to $66.5 million compared to $25.9 million in Q3 2024, showing an encouraging Q4 boost.
- Loans and Leases, net of allowance, have remained robust, with $8.49 billion reported in Q3 2024, demonstrating solid core lending activity.
- The allowance for loan and lease losses has remained relatively stable, indicating disciplined credit risk management amid changing economic conditions.
- Operating activities have generally generated positive net cash flow each quarter, with Q4 2024 posting $25.5 million, underscoring ongoing profitable operations.
- Total equity has increased from approximately $1.88 billion in Q3 2022 to $2.20 billion in Q3 2024, showing solid capital growth over two years.
- Amortization expenses are relatively steady, supporting predictable ongoing non-interest expense levels aligned with long-term asset amortization.
- Goodwill on the balance sheet remains consistent at around $765 million, indicating no major impairments have impacted intangible asset values recently.
Neutral Observations:
- Total revenue showed some variability, peaking in Q4 2023 at $138.5 million and dropping slightly in Q4 2024 to $123.5 million, reflecting typical quarter-over-quarter variance.
- Investment securities interest income fluctuated between $31 million and $36 million over recent quarters, consistent with market interest rate movements.
- Non-interest income varies each quarter but remains an important supplemental contributor averaging around $13-19 million total non-interest income quarterly.
- Cash and due from banks balances vary widely quarter to quarter, influenced by timing of funding and financing activities.
- Weighted average shares outstanding have remained steady at about 140 million, indicating low dilution.
- Total assets and liabilities show typical quarterly fluctuations, consistent with business cycle and funding needs.
Negative Factors:
- Non-interest expenses were notably high in Q4 2023 at $65.9 million and remain elevated, pressuring pre-tax income compared with prior quarters.
- Other adjustments to net income attributable to common shareholders swung dramatically quarter to quarter, e.g., a negative $15.6 million adjustment in Q4 2024, which distorts underlying net income trends.
- Provision for credit losses showed some reversals (negative provisions) in recent quarters like Q4 2024, but earlier quarters had positive provisions, pointing to some credit risk volatility.
- Significant decline in cash flows from financing activities in Q4 2024 (-$284 million) driven by deposit outflows and dividend payments potentially impact liquidity position short term.
- Long-term debt levels increased sharply in mid-2024, rising from $1.4 billion Q1 to $500 million by Q3, likely indicating refinancing or liquidity strategy changes that add leverage risk.
Overall, CVB Financial has maintained solid core banking operations with stable loan portfolios, decent earnings growth, and consistent dividends. However, investors should monitor elevated non-interest expenses and swings in other net income adjustments that affect clear earnings visibility. Liquidity management appears active with cash flow from financing and investing activities showing variability but managed levels of long-term debt are a consideration for risk assessment.
08/29/25 03:13 AM ETAI Generated. May Contain Errors.