CVB Financial (CVBF) Financials

$20.21 -0.22 (-1.08%)

Closing price 04:00 PM Eastern

Extended Trading

$20.20 -0.01 (-0.02%)

As of 04:11 PM Eastern

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.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	107	109	104	152	208	168	229	383	208	196
Consolidated Net Income / (Loss)	99	101	104	152	208	177	213	235	221	201
Net Income / (Loss) Continuing Operations	99	101	104	152	208	177	213	235	221	201
Total Pre-Tax Income	151	162	189	211	291	250	298	328	315	271
Total Revenue	286	293	321	393	495	466	462	556	547	502
Net Interest Income / (Expense)	253	257	279	349	436	416	415	506	488	447
Total Interest Income	262	265	287	362	458	430	421	515	606	630
Loans and Leases Interest Income	186	193	214	293	398	377	357	389	448	456
Investment Securities Interest Income	75	70	72	67	58	51	61	119	140	136
Deposits and Money Market Investments Interest Income	-	1.91	0.93	1.64	2.27	1.68	2.57	6.71	18	39
Total Interest Expense	8.57	7.98	8.30	13	22	14	6.08	9.16	118	183
Deposits Interest Expense	5.27	5.96	6.04	9.83	17	13	5.35	6.83	52	105
Federal Funds Purchased and Securities Sold Interest Expense	2.87	1.48	1.58	2.07	3.96	1.13	0.55	2.33	67	77
Other Interest Expense	-	-	-	-	-	-	-	0.00	0.00	0.57
Total Non-Interest Income	33	36	42	43	59	50	47	50	59	54
Other Service Charges	22	4.28	6.20	6.59	43	11	7.01	7.55	12	8.72
Net Realized & Unrealized Capital Gains on Investments	0.73	1.08	3.44	3.55	11	2.07	1.37	2.72	0.00	-2.42
Other Non-Interest Income	2.56	30	32	33	5.80	37	39	40	47	48
Provision for Credit Losses	-5.60	-6.40	-8.50	1.50	5.00	24	-26	11	2.00	-3.00
Total Non-Interest Expense	141	137	141	180	199	193	190	217	230	234
Salaries and Employee Benefits	79	83	87	101	119	120	118	132	139	144
Net Occupancy & Equipment Expense	15	16	17	20	20	21	20	23	22	23
Marketing Expense	5.02	5.03	4.84	5.30	5.89	4.49	4.62	6.30	6.76	7.31
Other Operating Expenses	42	26	29	32	36	39	38	42	55	53
Amortization Expense	-	1.11	1.33	5.25	11	9.35	8.24	7.57	6.45	5.32
Restructuring Charge	0.48	1.90	2.25	16	6.45	0.00	0.96	6.01	0.00	0.00
Income Tax Expense	52	61	84	59	83	72	85	93	94	71
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)	-7.36	-7.78	-	-	-	9.54	-17	-147	13	4.87
Basic Earnings per Share	$0.93	$0.94	$0.95	$1.25	-	$1.30	$1.57	$1.67	$1.59	$1.44
Weighted Average Basic Shares Outstanding	114.50M	116.20M	116.60M	139.97M	140.11M	135.87M	141.92M	139.51M	139.37M	139.62M
Diluted Earnings per Share	$0.93	$0.94	$0.95	$1.24	$1.48	$1.30	$1.56	$1.67	$1.59	$1.44
Weighted Average Diluted Shares Outstanding	114.50M	116.20M	116.60M	139.97M	140.11M	135.87M	141.92M	139.51M	139.37M	139.62M
Weighted Average Basic & Diluted Shares Outstanding	114.50M	116.20M	116.60M	139.97M	140.11M	135.87M	141.92M	139.51M	139.37M	139.62M
Cash Dividends to Common per Share	$0.48	$0.48	$0.54	$0.56	$0.72	$0.72	$0.72	$0.77	$0.80	$0.80

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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.

08/28/25 09:46 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About CVB Financial's Financials

When does CVB Financial's financial year end?

According to the most recent income statement we have on file, CVB Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CVB Financial's net income changed over the last 9 years?

CVB Financial's net income appears to be on an upward trend, with a most recent value of $200.72 million in 2024, rising from $99.15 million in 2015. The previous period was $221.44 million in 2023. View CVB Financial's forecast to see where analysts expect CVB Financial to go next.

How has CVB Financial's revenue changed over the last 9 years?

Over the last 9 years, CVB Financial's total revenue changed from $286.43 million in 2015 to $501.82 million in 2024, a change of 75.2%.

How much debt does CVB Financial have?

CVB Financial's total liabilities were at $12.97 billion at the end of 2024, a 7.0% decrease from 2023, and a 92.2% increase since 2015.

How much cash does CVB Financial have?

In the past 9 years, CVB Financial's cash and equivalents has ranged from $106.10 million in 2015 to $1.96 billion in 2020, and is currently $204.70 million as of their latest financial filing in 2024.

How has CVB Financial's book value per share changed over the last 9 years?

Over the last 9 years, CVB Financial's book value per share changed from 8.68 in 2015 to 15.65 in 2024, a change of 80.3%.

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This page (NASDAQ:CVBF) was last updated on 8/28/2025 by MarketBeat.com Staff

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CVB Financial (CVBF) Financials

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CVB Financial (CVBF) Financials

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