Welcome to our dedicated page for Cvb Financial news (Ticker: CVBF), a resource for investors and traders seeking the latest updates and insights on Cvb Financial stock.
CVB Financial Corp (NASDAQ: CVBF) is the holding company for Citizens Business Bank, National Association, one of the 10 largest bank holding companies headquartered in California. News about CVB Financial Corp frequently highlights its commercial banking activities, financial performance, dividend history and strategic developments, giving investors and observers insight into how the company manages its balance sheet and serves business clients.
Regular earnings releases detail net earnings, net interest income, noninterest income, efficiency ratio, net interest margin, and key returns such as ROAA and ROAE. These updates also discuss trends in loans, investment securities, deposits and customer repurchase agreements, as well as asset quality metrics and allowance for credit losses. Management commentary emphasizes Citizens Business Bank’s focus on meeting the comprehensive financial needs of small to medium sized businesses and their owners.
Dividend announcements are another recurring news theme. In 2025, CVB Financial Corp reported its 142nd through 145th consecutive quarterly cash dividends, underscoring a long-standing pattern of quarterly shareholder distributions. Additional news items cover board changes, such as the appointment of a new director, and recognition from third parties, including repeated inclusion on Forbes’ America’s Best Banks list and other industry accolades cited by the company.
Strategic growth and corporate actions also generate significant coverage. A joint press release dated December 17, 2025 announced a definitive merger agreement between CVB Financial Corp and Heritage Commerce Corp, describing a planned combination that would expand Citizens Business Bank’s presence in the Bay Area and increase its office and branch network across California. Investors following CVBF news can track these developments, along with de novo office openings and investor presentations, to understand how the company is evolving within the commercial banking sector.
CVB Financial Corp. (NASDAQ:CVBF) announced that its Board of Directors has authorized a new share repurchase program for up to 10 million shares of the company's common stock. The 2024 Repurchase Program, which includes provisions for open market purchases and private transactions, replaces the previous 2022 program that had 4,300,059 shares remaining. The company, which holds over $15 billion in total assets, is among the 10 largest bank holding companies headquartered in California and operates Citizens Business Bank with more than 60 banking centers and 3 trust office locations across California.
Genesis Bank, through its Genesis for Good Foundation, announced its first round of grant awards to five small businesses through the Catalyst Empowerment Grant Program. The program provides grants up to $10,000 to eligible small businesses, focusing on historically marginalized and underinvested entrepreneurs across Southern California. The initiative received support from Fiserv, Inc., Federal Home Loan Bank of San Francisco, and CVB Financial Corp. Grant recipients include Gutierrez Chiropractic, Prisma Communications, San & Wolves Bakeshop, Spark Studios, and Vinos Unidos, each receiving funds for specific business expansion and improvement projects.
Genesis for Good Foundation (GFG) has been awarded a $100,000 grant from the Federal Home Loan Bank of San Francisco's AHEAD Program, in partnership with Citizens Business Bank. The grant will support GFG's Catalyst Empowerment Grant Program, which provides up to $10,000 to eligible small businesses in Southern California's low to moderate-income communities. The program focuses on supporting historically marginalized and underinvested entrepreneurs by providing essential resources, capacity building, networking opportunities, education, and capital. Genesis Bank, as one of only five diverse, multiracial Minority Depository Institutions among approximately 4,600 U.S. banks, collaborated with Citizens Business Bank to secure this competitive grant.
CVB Financial Corp. reported net income of $51.2 million for Q3 2024, up from $50.0 million in Q2 2024 but down from $57.9 million in Q3 2023. Diluted earnings per share were $0.37, compared to $0.36 in Q2 2024 and $0.42 in Q3 2023. Key metrics include a net interest margin of 3.05%, efficiency ratio of 46.5%, and return on average assets of 1.23%. Notable events include early redemption of $1.3 billion Bank Term Funding Program borrowings, sale of $312 million in AFS securities for an $11.6 million loss, and execution of building sale-leasebacks generating $9.1 million in gains.
CVB Financial Corp. (NASDAQ: CVBF) has announced its 140th consecutive quarterly cash dividend of $0.20 per share for the third quarter of 2024. The dividend will be payable on or about October 14, 2024 to shareholders of record as of September 30, 2024. This decision was approved at the Company's Board of Directors meeting on September 16, 2024.
CVBF is the holding company for Citizens Business Bank, one of the 10 largest bank holding companies headquartered in California with over $15 billion in total assets. The bank offers a wide array of banking, lending, and investing services through more than 60 banking centers and three trust office locations in California.
CVB Financial Corp. (NASDAQ: CVBF) reported second quarter 2024 net earnings of $50 million, or $0.36 per share, a slight improvement from $48.6 million in the prior quarter but down from $55.8 million in Q2 2023.
Key metrics include a return on average assets of 1.24%, return on average tangible common equity of 15.51%, and a net interest margin of 3.05%. Despite the earnings growth, net interest income declined to $110.8 million, a decrease of 1.43% Q/Q and 7.27% Y/Y due to a drop in net interest margin.
Highlights for Q2 2024 include:
- Average deposits grew by $245.3 million compared to Q1 2024.
- Noninterest-bearing deposits represented 60% of total deposits.
- Net charge-offs were minimal at $31,000.
- Noninterest expense decreased by $3.3 million Q/Q.
- Efficiency ratio improved to 45.1% from 47.2% in Q1 2024.
However, nonperforming assets increased to $25.6 million from $14.5 million in Q1 2024, primarily due to a rise in nonperforming commercial real estate loans.
CVB Financial Corp. (NASDAQ: CVBF) announced a $0.20 per share cash dividend for Q2 2024, marking its 139th consecutive quarterly cash payment. The dividend, approved during the Board of Directors meeting on June 26, 2024, will be payable on July 25, 2024, to shareholders on record as of July 11, 2024.
CVBF, the holding company for Citizens Business Bank, is one of California's 10 largest bank holding companies, boasting approximately $16 billion in total assets. The bank is renowned for its high performance and offers extensive banking, lending, and investment services through over 60 banking centers and three trust offices in California. Shares are traded on NASDAQ under the ticker 'CVBF'.
Summary not available.
Summary not available.
Summary not available.