What is the revenue and EPS growth rate for CVB Financial year over year?

Did CVB Financial beat or miss consensus estimates last quarter?

What is the market's earnings forecast for CVB Financial next quarter?

What is CVB Financial's latest dividend and current dividend yield?

What does CVB Financial do and what are its main business segments?

What is CVB Financial's gross profit margin?

What factors drove the changes in CVB Financial's revenue and profit?

What were the key takeaways from CVB Financial’s earnings call?

- **Record streak of profitability**: 194 consecutive profitable quarters and 144 dividend payouts.
- **Strong loan growth**: 5% annualized loan growth, 55% higher originations Y/Y, targeting operating companies.
- **Cost control**: 45.6% efficiency ratio, $20M share buybacks, and stable capital ratios.
- **Strategic expansion**: New office in Temecula, CA, with 4 bankers to target high-net-worth individuals.
- **Challenges**: Intense loan competition requiring aggressive pricing, despite maintaining credit quality.

**【CEO Summary Section】**
- Reported net earnings of $52.6 million, marking the 194th consecutive quarter of profitability and 144th consecutive dividend payout.
- Return on average tangible common equity (ROTE) was 14.11%, with net interest income up $4 million Q/Q and $2 million Y/Y.
- Loan growth of $112 million (5% annualized) driven by C&I and dairy loans, with originations 55% higher than Q3 2024.
- Nonperforming loans decreased by $1.5 million to $28.5 million, with $333,000 net recoveries.
- Aggressive competition in loan pricing, with new originations averaging 6.25% in Q3.
- Launched new office in Temecula, CA, with 4 bankers from City National Bank to target operating companies and high-net-worth individuals.

**【CFO Financial Commentary】**
- Net interest income of $115.6 million, up $4 million Q/Q and flat Y/Y, with earning asset yield improving to 4.32%.
- Sold $65 million in low-yielding AFS securities (1.3% yield) and reinvested $214 million at 5% yield, reducing unrealized losses by $31.6 million.
- Efficiency ratio remained stable at 45.6%, with $20 million share buybacks (2.4M shares YTD at $18.43 avg price).
- Capital ratios strong: 10.1% tangible common equity, 16.3% common equity Tier 1, and 17.1% total risk-based capital.

**【Q&A Highlights】**
- Deposit beta cycle slowed to 28% due to Fed rate cuts; plan to match future Fed reductions in money market rates >1.25%.
- Intense loan competition from large regional banks, but maintaining credit quality while competing on price.
- Dairy loan utilization rate at 64% (up from 62%), with seasonal Q4 growth expected despite lower milk prices.
- No immediate M&A activity, but active dialogues and focused on organic growth via banker hires and de novo offices.
- Interest rate swaps hedging $700M AFS portfolio may become a net drag in 2026 if rates continue to decline.

CVB Financial Corp. (CVBF) Q3 2025 Earnings Call Transcript

- **Record Profitability**: 193rd consecutive quarter of profit, 143rd dividend payout, with net earnings of $50.6 million.
- **Loan Growth Momentum**: 58% Q/Q and 79% Y/Y originations, despite 2.1% loan book decline due to line underutilization.
- **Deposit Strength**: 60.5% noninterest-bearing deposits, strong Specialty Banking pipelines.
- **Competitive Pressure**: Loan yields near 6.6%, but intense pricing from regional banks; considering investment portfolio expansion.
- **Strategic Flexibility**: Open to out-of-state M&A, with cautious economic outlook (1% GDP, 5% unemployment by 2026).

**【CEO Summary Section】**
- Reported net earnings of $50.6 million ($0.36 per share), marking the 193rd consecutive quarter of profitability and 143rd consecutive quarter of dividend payments.
- Net interest income increased by $1.2 million quarter-over-quarter, driven by an extra day of interest income.
- Noninterest income decreased by $1.5 million due to a $2.2 million gain in the first quarter, but expenses declined by $1.6 million, improving the efficiency ratio to 45.6%.
- Loan originations rose 58% quarter-over-quarter and 79% year-over-year, with average yields of 6.6%.
- Total deposits grew by $123 million from the first quarter, with noninterest-bearing deposits at 60.5% of total deposits.
- Classified loans decreased by $17 million, reflecting improved credit quality.

**【CFO Financial Commentary】**
- Net interest income was $111.6 million, stable compared to the first quarter but down $1.2 million year-over-year due to deleveraging.
- Cost of funds remained at 1.03%, with no changes in wholesale funding levels.
- Allowance for credit losses was $78 million (0.93% of loans), stable from the first quarter.
- Investment portfolio unrealized losses decreased by $24.7 million, with fair value hedges reducing market risk.
- Share repurchases of 1.28 million shares in Q2 at $17.30 average price, with $10 million repurchase plan remaining.

**【Q&A Key Highlights】**
- **Loan Competition**: Origination yields near 6.6%, but intense pricing pressure from regional banks (130-170bps over treasuries). Dairy and C&I line utilization may improve in Q4 due to seasonal cash needs.
- **Deposit Strategy**: Noninterest-bearing deposits at 60.5%, with strong pipelines in Specialty Banking (Title Escrow, Property Management).
- **Investment Growth**: Considering expanding investment portfolio to 5%+ yields, offsetting loan repricing.
- **M&A Outlook**: Open to out-of-state acquisitions, though focused on California. CEO hinted at potential deal by year-end.
- **Economic Risks**: Forecast includes 1% GDP growth until 2026, 5% unemployment by 2026, and commercial real estate price declines until 2026.


CVB Financial (CVBF) Q2 2025 Earnings Call Transcript

- **Record Profitability**: 192 quarters of profit and 142 consecutive dividends highlight long-term stability.
- **Margin Expansion**: Net interest margin up 13 bps to 3.31% through balance sheet optimization.
- **Deposit Strength**: Noninterest-bearing deposits grow 2% Q/Q, 59% of total deposits.
- **CRE Growth**: April loan originations exceed prior 14-month highs; 13% YoY originations growth.
- **Share Buybacks**: 3.35 million shares repurchased YTD at $18.13 average price.


**【CEO Overview】**
- Reported net earnings of $51.1 million ($0.36 per share) for Q1 2025, marking the 192nd consecutive quarter of profitability.
- Maintained strong capital position with a 10% tangible common equity ratio and $12.3 billion in total deposits.
- Share repurchases of 2.05 million shares year-to-date at an average price of $18.13, with an additional 1.3 million shares purchased in April at $17.26.
- Loan pipelines remain strong, with April loan originations exceeding any single month in the past 14 quarters.

**【CFO Financial Highlights】**
- Net interest margin expanded to 3.31% (Q1 2025) from 3.18% (Q4 2024), driven by balance sheet deleveraging.
- Noninterest-bearing deposits grew 2% Q/Q to $7.1 billion, comprising 59% of total deposits.
- Cost of deposits and repos declined to 87 basis points (Q1 2025) from 97 basis points (Q4 2024).
- Investment portfolio unrealized losses narrowed by $59 million to $388 million, with $35 million added to other comprehensive income.

**【Key Financial Metrics】**
- GAAP net income: $51.1 million (Q1 2025) vs. $50.9 million (Q4 2024).
- Pretax income: $69.5 million (Q1 2025) vs. $68.0 million (Q4 2024).
- Allowance for credit losses: $78.2 million (0.94% of loans) at March 31, 2025.
- Nonperforming loans: $26.8 million (0.32% of total loans) at March 31, 2025.

**【Q&A Highlights】**
- **Tariff Impact**: Customers report minimal disruption; milk and powder prices remain stable.
- **CRE Activity**: April loan originations highest in 14 months; 13% YoY growth in Q1 originations.
- **Deposit Strategy**: Focused on new relationships (90%+ noninterest-bearing in specialty banking).
- **Capital Allocation**: $10 million share repurchase program active; M&A conversations ongoing.


CVB Financial (CVBF)-24 Apr 25-2025 Q1 Earnings call transcript

- **Wildfire Resilience**: Supported 50+ evacuated employees, recouped $7.4M from insurance, and donated $200K to relief efforts.
- **Financial Strength**: 191st consecutive profitable quarter with $51M net earnings, 14.3% ROE, and 9.8% tangible common equity ratio.
- **Balance Sheet Strategy**: Reduced debt by $1.3B, expanded net interest margin to 3.18%, and invested $385M in high-yield securities.
- **2025 Growth**: Optimistic on loan growth with improving pipelines; M&A conversations active, buyback plan opportunistic.
- **Wildfire Opportunity**: Limited direct impact, but potential upside from contractor activity and rebuilding.

**【CEO Opening Remarks】**
- **Wildfire Response**: Provided direct support to 50+ evacuated associates; identified $105M in loans in fire zones, with 14 properties damaged (7 destroyed). Recouped $7.4M through insurance proceeds. Donated $200K to relief agencies and participated in state recovery efforts.
- **Financial Highlights**: Q4 2024 net earnings of $51M ($0.36 EPS), 191st consecutive profitable quarter. ROE of 14.3%, ROA of 1.3%. Common equity Tier 1 capital ratio of 16.2%, tangible common equity ratio of 9.8%. Declared $0.20 dividend, 141st consecutive quarter.

**【CFO Financial Insights】**
- **Net Interest Income**: Decreased $3.2M (2.8%) Q/Q due to balance sheet deleveraging ($1.3B debt redemption). Net interest margin expanded to 3.18% (from 3.05%).
- **Balance Sheet Adjustments**: Sold $155M AFS securities at $16.7M loss, purchased $385M high-yield securities. Average earning assets declined $975M, funds at Fed decreased $748M.
- **Expense Management**: Noninterest expense down $355K Q/Q to $58.5M. Efficiency ratio improved to 46.3%.

**【Loan & Deposit Dynamics】**
- **Loan Decline**: Total loans fell $36M to $8.54B, driven by $111M CRE drop. Dairy loans grew seasonally by $87M. New loan commitments 90% of 2023 levels, but funded at 75%.
- **Deposit Growth**: Core deposits up $1.6B over 5 years (3.3% CAGR). Q4 average deposits grew $150M, nonmaturity deposits +$188M. Cost of deposits rose to 93bps (vs. 62bps YoY).

**【Q&A Key Takeaways】**
- **2025 Outlook**: Optimistic on loan growth, with improving pipelines. M&A conversations active but challenging. Buyback plan opportunistic at current valuations.
- **Capital Deployment**: Prioritize internal growth, M&A, and buybacks. 10b5-1 plan allows disciplined share repurchases.
- **Wildfire Impact**: Minimal direct impact ($7.5M loans destroyed, $20M+ insurance proceeds). Potential upside from contractor activity and rebuilding efforts.


CVB Financial (CVBF)-23 Jan 25-2024 Q4 Earnings call transcript

CVB Financial (CVBF)-24 Oct 24-2024 Q3 Earnings call transcript

CVB Financial (CVBF)-25 Jul 24-2024 Q2 Earnings call transcript

CVB Financial (CVBF)-25 Apr 24-2024 Q1 Earnings call transcript

CVB Financial (CVBF)-25 Jan 24-2023 Q4 Earnings call transcript

CVB Financial (CVBF)-26 Oct 23-2023 Q3 Earnings call transcript

CVB Financial (CVBF)-27 Jul 23-2023 Q2 Earnings call transcript

CVB Financial (CVBF)-27 Apr 23-2023 Q1 Earnings call transcript

CVB Financial (CVBF)-26 Jan 23-2022 Q4 Earnings call transcript

CVB Financial (CVBF)-20 Oct 22-2022 Q3 Earnings call transcript

CVB Financial (CVBF)-21 Jul 22-2022 Q2 Earnings call transcript

CVB Financial (CVBF)-21 Apr 22-2022 Q1 Earnings call transcript

CVB Financial (CVBF)-27 Jan 22-2021 Q4 Earnings call transcript

CVB Financial (CVBF)-21 Oct 21-2021 Q3 Earnings call transcript

CVB Financial (CVBF)-22 Jul 21-2021 Q2 Earnings call transcript

CVB Financial (CVBF)-23 Apr 21-2021 Q1 Earnings call transcript

CVB Financial (CVBF)-28 Jan 21-2020 Q4 Earnings call transcript

CVB Financial (CVBF)-22 Oct 20-2020 Q3 Earnings call transcript

CVB Financial (CVBF)-23 Jul 20-2020 Q2 Earnings call transcript

CVB Financial (CVBF)-23 Apr 20-2020 Q1 Earnings call transcript

CVB Financial (CVBF)-23 Jan 20-2019 Q4 Earnings call transcript

CVB Financial (CVBF)-27 Oct 19-2019 Q3 Earnings call transcript

CVB Financial (CVBF)-28 Jul 19-2019 Q2 Earnings call transcript

CVB Financial (CVBF)-29 Apr 19-2019 Q1 Earnings call transcript

CVB Financial (CVBF)-24 Jan 19-2018 Q4 Earnings call transcript

CVB Financial (CVBF)-26 Oct 18-2018 Q3 Earnings call transcript

CVB Financial (CVBF)-19 Jul 18-2018 Q2 Earnings call transcript

CVB Financial (CVBF)-19 Apr 18-2018 Q1 Earnings call transcript

CVB Financial (CVBF)-28 Feb 18-2017 Q4 Earnings call transcript

CVB Financial (CVBF)-19 Oct 17-2017 Q3 Earnings call transcript

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