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 (CVBF), parent company of Citizens Business Bank, provides essential banking services across California's key markets. This dedicated news hub offers investors and stakeholders centralized access to official updates and financial developments.
Track all material disclosures including quarterly earnings, regulatory filings, and strategic initiatives through verified press releases. Our curated collection simplifies monitoring of commercial lending trends, risk management practices, and market expansion efforts within California's competitive banking sector.
Discover timely updates on leadership changes, dividend declarations, and operational milestones. Bookmark this page for efficient tracking of CVBF's financial performance and industry positioning, supported by Citizens Business Bank's established reputation in business banking solutions.
CVB Financial Corp. (CVBF) has appointed Brian T. Mauntel as President of Citizens Business Bank (CBB), effective April 26, 2021. Mauntel brings over 29 years of banking experience, including 23 years at Fifth Third Bank and recent service as President of Heartland Bank. His leadership aims to enhance CBB's organic growth in deposits, lending, and investments. CEO David A. Brager expressed confidence in Mauntel's ability to lead the bank’s 57 centers and specialized lending groups. CVBF manages over $14 billion in assets and is recognized for its strong performance.
CVB Financial Corp. (NASDAQ: CVBF) declared a cash dividend of $0.18 per share for Q1 2021, approved on March 17, 2021. This dividend will be payable on or about April 14, 2021, to shareholders of record as of March 31, 2021. The company has maintained a robust capital and liquidity position, boasting 175 consecutive quarters of profitability, allowing for 126 straight quarters of cash dividends to shareholders. With over $14 billion in total assets, CVBF ranks among the top 10 bank holding companies in California.
CVB Financial Corp. (CVBF) announces the appointment of Jane Olvera as a new Board Member, expanding the board from nine to ten members. Olvera brings expertise in branding and marketing, which aligns with the Bank's growth strategy. Her ties to the Central Valley are expected to enhance the Bank's regional presence and support for diverse businesses. With over $14 billion in total assets, CVBF is among California's top ten bank holding companies, emphasizing its commitment to performance and community service.
CVB Financial Corp. (NASDAQ: CVBF) has been recognized as the “Best Bank in America” for the second consecutive year by Forbes in its 2021 rankings. This accolade reflects CVBF's strong financial performance and commitment to customer relationships. The bank, with over $14 billion in assets, serves various regions in California through 57 banking centers. Forbes evaluated 100 major publicly-traded banks based on metrics like credit quality, growth, and profitability. This marks the third time in five years that CVBF has achieved this top position.
CVB Financial Corp. (NASDAQ:CVBF) reported net earnings of $50.1 million or $0.37 per share for Q4 2020, marking a 14.76% decline from 2019's total of $177.2 million for the year. Despite a challenging economic environment, the company achieved a deposit growth of $3.03 billion or 35% year-over-year. The 175th consecutive quarter of profitability was noted, and the net interest margin slightly declined to 3.33%.
Annualized ROAE was 8.90% for 2020, down from 10.71% in 2019.
CVB Financial Corp. (NASDAQ: CVBF) announced a cash dividend of $0.18 per share for Q4 2020, approved on December 16, 2020. This dividend is set to be paid on January 15, 2021, to shareholders recorded as of December 31, 2020. The company highlights its strong capital and liquidity, noting a record of 125 consecutive quarters of dividend payments, supported by 174 quarters of profitability. With assets exceeding $13 billion, CVBF operates Citizens Business Bank, serving multiple counties in California.
CVB Financial Corp. (CVBF) announced a new stock repurchase plan on November 5, 2020, permitting the buyback of up to 4,585,145 shares through a Rule 10b5-1 plan. This plan, effective from November 6, 2020, until November 5, 2021, follows a prior authorized increase of the repurchase program to a total of 10 million shares. Since this increase, CVBF has repurchased 5,414,855 shares. The buyback aims to enhance shareholder value by potentially increasing earnings per share (EPS) and indicates the company’s confidence in its financial position.
CVB Financial Corp. (NASDAQ:CVBF) reported net income of $47.5 million for Q3 2020, up from $41.6 million in Q2 2020 but down from $50.4 million in Q3 2019. Diluted EPS increased to $0.35 compared to $0.31 in the previous quarter. The bank did not record a provision for credit losses this quarter, a significant contrast to the $23.5 million provision in the first half of 2020. Total assets rose to $13.82 billion, reflecting a 22.48% increase year-over-year. However, net interest income decreased by 1.19% from Q2 2020 and 4.47% from Q3 2019.
CVB Financial Corp. (NASDAQ: CVBF) will release its financial results for Q3 2020 after market close on October 21, 2020. A conference call will be held on October 22, 2020, at 7:30 a.m. PDT, to discuss these results. The bank, with over $13 billion in assets, is one of California's largest bank holding companies and recognized for top performance. Investors can listen to the call at (877) 506-3368 or via webcast on the Citizens Business Bank website.
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