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CVB Financial Corp. reports recurring developments for Citizens Business Bank, its national banking subsidiary serving California with banking, lending and investing services. News commonly centers on quarterly and annual earnings, net interest income and margin, loan and deposit trends, credit-loss provisioning, efficiency measures and capital actions.
The company also announces board-approved cash dividends and corporate events affecting its bank holding company structure. Following the completed Heritage Commerce Corp merger, coverage includes integration into Citizens Business Bank and the expanded California banking footprint, including the Bay Area.
CVB Financial Corp (NASDAQ: CVBF) reported second quarter 2026 net earnings of $48.3 million, or $0.29 per diluted share, versus $51.0 million ($0.38) in Q1 2026 and $50.6 million ($0.37) a year earlier. ROAA was 0.97%, ROAE 6.41%, and ROATCE 10.85%.
The company completed its acquisition of Heritage Commerce Corp on April 17, 2026, adding loans with a fair value of $3.4 billion, $4.7 billion of deposits, $38.7 million of subordinated debentures, and $450.7 million of intangibles. Q2 results include 74 days of Heritage operations.
Net interest income rose to $162.4 million, up 37.8% from Q1 2026 and 45.5% year over year, as tax-equivalent net interest margin expanded to 3.72%. Average interest-earning assets increased to $17.57 billion. Cost of funds declined to 0.96%, while 52.8% of deposits were noninterest-bearing at quarter end.
Noninterest income grew to $17.0 million. Noninterest expense increased to $114.4 million, including $31.4 million of Heritage acquisition expenses and a $4.25 million provision for unfunded loan commitments. The reported efficiency ratio was 63.75%, with an adjusted efficiency ratio of 43.88% excluding acquisition and unfunded commitment costs. CVB Financial Corp also announced a new share repurchase plan for up to 15 million shares.
CVB Financial Corp. (NASDAQ: CVBF), holding company for Citizens Business Bank, has appointed Michael J. Maddox to the Boards of CVBF and the Bank, effective July 22, 2026. His appointment increases the number of directors for both entities from 10 to 11.
Maddox brings over 20 years of banking experience, including roles as President and CEO of CrossFirst Bankshares and CrossFirst Bank, and later as President and Vice Chairman of First Busey Corporation and President and CEO of Busey Bank. CVBF reports more than $20 billion in total assets and operates over 75 banking centers and three trust offices across California.
CVB Financial Corp (NASDAQ: CVBF) declared a $0.20 per share cash dividend for the second quarter of 2026, marking its 147th consecutive quarterly cash dividend. The dividend is payable on or about July 23, 2026 to shareholders of record on July 9, 2026.
The company, holding more than $20 billion in total assets following mergers with Heritage Commerce Corp and Heritage Bank of Commerce, operates over 75 banking centers and three trust offices across California.
CVB Financial (NASDAQ: CVBF) authorized a new 2026 share repurchase program for up to 15,000,000 common shares. The plan may use Rule 10b5-1 arrangements, open market purchases, and private transactions.
This program fully replaces the 2024 authorization, which had 5,678,223 shares remaining. CVBF, holding company for Citizens Business Bank, reports over $20 billion in assets and more than 75 banking centers in California.
CVB Financial (NASDAQ: CVBF) announced a planned board leadership transition following its May 20, 2026 annual meeting. Former Chairman Hal W. Oswalt becomes Vice Chairman, while existing Vice Chairman and director George A. Borba Jr. is elected Chairman of CVBF and Citizens Business Bank.
According to the company, CVBF now has more than $20 billion in total assets following mergers with Heritage Commerce Corp and Heritage Bank of Commerce, and operates over 75 banking centers and three trust offices across California.
CVB Financial Corp (NASDAQ: CVBF) reported Q1 2026 net income of $51.0 million ($0.38 diluted EPS) and annualized ROAA of 1.33%, ROAE of 8.86%, and ROATCE of 13.38%. Tax-equivalent net interest margin was 3.44%. On April 17, 2026 the company completed the acquisition of Heritage Commerce Corp, effective for reporting in Q2 2026.
Key balance-sheet items: total assets $15.51 billion, investment securities $4.84 billion (AFS pre-tax unrealized loss $310.4 million), and a Q1 provision for credit losses of $3.0 million.
CVB Financial Corp (NASDAQ: CVBF) completed its all‑stock merger with Heritage Commerce Corp on April 17, 2026, combining Citizens Business Bank and Heritage Bank of Commerce.
The combined bank will have total assets exceeding $20 billion, approximately $12 billion in total loans, about $17 billion in total deposits and repurchase agreements, and adds 16 Bay Area branches. Two Heritage directors join the boards, increasing directors from nine to eleven.
CVB Financial Corp (Nasdaq: CVBF) announced it has received required regulatory approvals for its merger with Heritage Commerce Corp (HTBK). Approvals include a Federal Reserve Section 3 waiver and non-objection and an OCC letter of approval for the bank merger.
The respective mergers are presently expected to close on April 17, 2026, subject to satisfaction of customary closing conditions in the merger agreement.
CVB Financial (NASDAQ: CVBF) and Heritage Commerce Corp shareholders approved a proposed merger of Heritage into CVB, subject to regulatory approvals and remaining closing conditions. Both companies' shareholders voted to approve the transaction, and the parties expect to close the merger in the second quarter of 2026 if approvals and conditions are met.
CVB Financial Corp. (NASDAQ: CVBF) announced a $0.20 per share cash dividend for Q1 2026, approved by the Board on March 18, 2026. This is the company’s 146th consecutive quarterly cash dividend.
The dividend is payable on or about April 15, 2026 to shareholders of record as of April 1, 2026. CVB Financial is the holding company for Citizens Business Bank, with > $15 billion in total assets, more than 60 banking centers and three trust offices in California.