Cvb Financial Stock Price, News & Analysis

CVB Financial Corp. (NASDAQ: CVBF) declared an 18-cent cash dividend per share for Q2 2021, approved during the Board meeting on June 16, 2021. This dividend is set to be paid on or about July 15, 2021, to shareholders of record as of June 30, 2021. CEO David A. Brager emphasized the company's strong capital and liquidity, noting 176 consecutive quarters of profitability and 127 consecutive quarters of cash dividends paid to shareholders. CVBF operates Citizens Business Bank with over $14 billion in total assets across 57 banking centers in California.

CVB Financial Corp. (NASDAQ: CVBF) reported net earnings of $63.9 million for Q1 2021, translating to $0.47 per share. This marks an increase from $50.1 million in Q4 2020 and $38.0 million in Q1 2020. The company achieved a 19.85% return on average tangible common equity and 1.79% return on average assets. Deposit growth reached $2.97 billion, a 33% year-over-year increase. A notable factor in earnings was the $19.5 million recapture of provision for credit losses following improved economic forecasts.

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.