CVB Financial Corp. (CVBF) 10-Year Financial Performance & Capital Metrics

CVBF • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutCVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. The company also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, it offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. Further, the company provides trust services through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. As of December 31, 2021, it operated 58 banking centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California; and three trust offices located in Ontario, Newport Beach, and Pasadena, as well as two loan production offices in California's Central Valley and the Sacramento area. The company was founded in 1974 and is headquartered in Ontario, California.Show more

Net Interest Income $446M -8.3%
Total Revenue $659M -1.0%
Net Income $201M -9.4%
Return on Equity 9.41% -14.4%
Net Interest Margin 2.94% -3.0%
Efficiency Ratio 31.72% -8.4%
ROA 1.29% -5.5%
Equity / Assets 14.43% +11.2%
Book Value per Share 15.78 +5.1%
Tangible BV/Share 10.18 +8.7%
Debt/Equity 0.35 -69.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 31.7% efficiency ratio
✓Well capitalized: 14.4% equity/assets
✓Healthy dividend yield of 4.1%
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.58%

5Y5.4%

3Y12.08%

TTM-

Profit (Net Income) CAGR

10Y6.79%

5Y-0.69%

3Y-1.89%

TTM-0.62%

EPS CAGR

10Y3.92%

5Y-0.55%

3Y-2.63%

TTM-2.03%

ROCE

10Y Avg13.91%

5Y Avg13.17%

3Y Avg13.75%

Latest11.56%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	250.17M	254.85M	277.56M	347M	434.54M	415.07M	413.53M	504.31M	486.13M	445.8M
NII Growth %	0.07%	0.02%	0.09%	0.25%	0.25%	-0.04%	-0%	0.22%	-0.04%	-0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	258.74M	262.83M	285.85M	359.81M	456.62M	429.36M	419.61M	513.46M	604.47M	628.56M
Interest Expense	8.57M	7.98M	8.3M	12.81M	22.08M	14.28M	6.08M	9.15M	118.34M	182.76M
Loan Loss Provision	-6.1M	-6.85M	-8.9M	1.25M	5M	23.5M	-26.5M	10.6M	1.5M	-4.25M
Non-Interest Income+	36.26M	37.78M	40.06M	45.53M	49.82M	49.17M	48.22M	48.48M	61.19M	30.13M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	295M	300.6M	325.91M	405.34M	506.43M	478.53M	467.83M	561.94M	665.66M	658.69M
Revenue Growth %	0.02%	0.02%	0.08%	0.24%	0.25%	-0.06%	-0.02%	0.2%	0.18%	-0.01%
Non-Interest Expense	141.16M	137.19M	137.72M	180.16M	188.28M	191.22M	190.6M	213.84M	230.39M	208.93M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	151.37M	162.29M	188.79M	211.12M	291.07M	249.52M	297.65M	328.35M	315.43M	271.24M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.07%	0.07%	0.16%	0.12%	0.38%	-0.14%	0.19%	0.1%	-0.04%	-0.14%
Pretax Income+	151.37M	162.29M	188.79M	211.12M	291.07M	249.52M	297.65M	328.35M	315.43M	271.24M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	52.22M	60.86M	84.38M	59.11M	83.25M	72.36M	85.13M	92.92M	94M	70.52M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	99.14M	101.43M	104.41M	152M	207.83M	177.16M	212.52M	235.43M	221.44M	200.72M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.05%	0.02%	0.03%	0.46%	0.37%	-0.15%	0.2%	0.11%	-0.06%	-0.09%
Net Income (Continuing)	99.14M	101.43M	104.41M	152M	207.83M	177.16M	212.52M	235.43M	221.44M	200.72M
EPS (Diluted)+	0.93	0.94	0.95	1.25	1.48	1.30	1.56	1.67	1.59	1.44
EPS Growth %	-0.05%	0.01%	0.01%	0.32%	0.18%	-0.12%	0.2%	0.07%	-0.05%	-0.09%
EPS (Basic)	0.93	0.94	0.95	1.25	1.48	1.30	1.57	1.67	1.59	1.44
Diluted Shares Outstanding	106.19M	107.69M	109.81M	121.96M	139.93M	136.21M	135.38M	140.01M	138.46M	138.58M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	138.79M	169.48M	162.33M	171.62M	188.45M	2B	1.76B	213.01M	289.5M	205.18M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	7.11B	7.47B	7.62B	10.17B	9.93B	11.28B	12.97B	14.79B	14.24B	13.43B
Investments Growth %	0.04%	0.05%	0.02%	0.33%	-0.02%	0.14%	0.15%	0.14%	-0.04%	-0.06%
Long-Term Investments	4.75B	5.2B	5.54B	8.43B	8.19B	8.88B	9.78B	11.53B	11.28B	13.37B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	74.24M	89.53M	116.56M	666.54M	663.71M	663.71M	663.71M	765.82M	765.82M	765.82M
Intangible Assets	2.27M	5.01M	6.84M	53.78M	42.99M	33.63M	25.39M	21.74M	15.29M	9.97M
PP&E (Net)	31.38M	42.09M	46.17M	58.19M	72.5M	70.26M	68.37M	69.39M	66.36M	74.66M
Other Assets	161.37M	163.49M	179.49M	249.32M	264.41M	260.74M	281.41M	294.79M	336.59M	368.6M
Total Current Assets	2.66B	2.58B	2.38B	2.07B	2.05B	4.51B	5.06B	3.79B	3.56B	564.82M
Total Non-Current Assets	5.02B	5.5B	5.89B	9.46B	9.23B	9.91B	10.82B	12.69B	12.46B	14.59B
Total Assets+	7.67B	8.07B	8.27B	11.53B	11.28B	14.42B	15.88B	16.48B	16.02B	15.15B
Asset Growth %	0.04%	0.05%	0.02%	0.39%	-0.02%	0.28%	0.1%	0.04%	-0.03%	-0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	264K	132.33M	0	0	0	0	0	433K	23.27M	5.05M
Total Debt+	762.48M	681.8M	579.55M	748.03M	454.43M	470.18M	644.67M	1.56B	2.34B	761.89M
Net Debt	623.69M	512.32M	417.22M	576.41M	265.98M	-1.53B	-1.11B	1.35B	2.05B	556.71M
Long-Term Debt	25.77M	25.77M	25.77M	25.77M	25.77M	25.77M	0	0	0	0
Short-Term Debt	736.7M	656.03M	553.77M	722.25M	428.66M	444.41M	644.67M	1.56B	2.34B	761.89M
Other Liabilities	67.8M	91.36M	74.92M	102.44M	128.99M	204.64M	181.08M	130.91M	144.47M	252.02M
Total Current Liabilities	6.65B	6.97B	7.1B	9.55B	9.13B	12.18B	13.62B	14.4B	13.77B	12.72B
Total Non-Current Liabilities	93.57M	117.14M	100.69M	128.22M	154.76M	230.42M	181.08M	130.91M	144.47M	252.02M
Total Liabilities	6.75B	7.08B	7.2B	9.68B	9.29B	12.41B	13.8B	14.53B	13.94B	12.97B
Total Equity+	923.4M	990.86M	1.07B	1.85B	1.99B	2.01B	2.08B	1.95B	2.08B	2.19B
Equity Growth %	0.05%	0.07%	0.08%	0.73%	0.08%	0.01%	0.04%	-0.06%	0.07%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.11%	0.1%	0.1%	0.11%	0.09%	0.1%	0.12%	0.11%	0.09%
Book Value per Share	8.70	9.20	9.74	15.18	14.25	14.74	15.38	13.92	15.01	15.78
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	502.57M	531.19M	573.45M	1.29B	1.3B	1.21B	1.21B	1.3B	1.29B	1.3B
Additional Paid-in Capital	502.57M	531.19M	573.45M	1.29B	0	0	0	0	0	0
Retained Earnings	399.92M	449.5M	494.36M	575.8M	682.69M	760.86M	875.57M	1B	1.11B	1.2B
Accumulated OCI	-481.66M	-521.02M	-572M	-1.31B	12.61M	35.35M	-3.97M	-354.8M	-323.57M	-312.06M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	105.64M	124.53M	139.59M	164.95M	208.18M	185.1M	195.24M	273.73M	295.63M	249.76M
Operating CF Growth %	0.2%	0.18%	0.12%	0.18%	0.26%	-0.11%	0.05%	0.4%	0.08%	-0.16%
Net Income	99.14M	101.43M	104.41M	152M	207.83M	177.16M	212.52M	235.43M	221.44M	200.72M
Depreciation & Amortization	-1.47M	5.32M	2.66M	8.35M	22.04M	-1.16M	-6.43M	13.66M	18.17M	15.37M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	7.39M	10.61M	-1.3M	-4.22M	-24.1M	19.79M	-7.9M	26.54M	11.2M	11.77M
Working Capital Changes	-2.15M	4.36M	29.69M	5.32M	-3.13M	-16.22M	-8.13M	-9.8M	35.39M	11.68M
Cash from Investing+	-300.75M	-154.02M	138.85M	811.08M	325.32M	-1.27B	-1.73B	-1.18B	536.28M	852.75M
Purchase of Investments	-694.63M	-809.28M	-363.47M	-123.57M	-557.07M	-1.29B	-3.16B	-1.81B	-62.03M	-454.43M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-15.72M	3.06M	-132.92M	0	0	0	329M	0	0
Other Investing	-180.39M	-145.92M	-72.89M	-134.85M	249.47M	-775.15M	508.44M	-358.93M	152.56M	410.82M
Cash from Financing+	195.44M	45.02M	-255.7M	-956.46M	-511.94M	2.86B	1.31B	-625.85M	-754.08M	-1.18B
Dividends Paid	-48.86M	-51.63M	-57.05M	-65.97M	-95.35M	-98.47M	-97.73M	-104.44M	-111.69M	-111.83M
Share Repurchases	-834K	-1.91M	-1.13M	-7.76M	-2.64M	-92.77M	-8.34M	-116.33M	-21.22M	-2.82M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	445.13M	96.55M	-144.53M	-699.17M	-133.94M	3.04B	1.44B	-1.4B	-1.7B	505.55M
Net Change in Cash+	329K	15.54M	22.74M	19.57M	21.57M	1.77B	-225.61M	-1.53B	77.82M	-76.59M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	105.77M	106.1M	121.63M	144.38M	163.95M	185.52M	1.96B	1.73B	203.46M	281.29M
Cash at End	106.1M	121.63M	144.38M	163.95M	185.52M	1.96B	1.73B	203.46M	281.29M	204.7M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	103.77M	111.92M	134.7M	160.76M	202.66M	180.42M	190.56M	268.37M	291.11M	244.63M
FCF Growth %	0.21%	0.08%	0.2%	0.19%	0.26%	-0.11%	0.06%	0.41%	0.08%	-0.16%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.01%	10.6%	10.14%	10.41%	10.81%	8.85%	10.39%	11.68%	11%	9.41%
Return on Assets (ROA)	1.32%	1.29%	1.28%	1.54%	1.82%	1.38%	1.4%	1.46%	1.36%	1.29%
Net Interest Margin	3.26%	3.16%	3.36%	3.01%	3.85%	2.88%	2.6%	3.06%	3.03%	2.94%
Efficiency Ratio	47.85%	45.64%	42.26%	44.45%	37.18%	39.96%	40.74%	38.05%	34.61%	31.72%
Equity / Assets	12.04%	12.27%	12.93%	16.06%	17.67%	13.93%	13.1%	11.83%	12.97%	14.43%
Book Value / Share	8.7	9.2	9.74	15.18	14.25	14.74	15.38	13.92	15.01	15.78
NII Growth	6.73%	1.87%	8.91%	25.02%	25.23%	-4.48%	-0.37%	21.95%	-3.6%	-8.3%
Dividend Payout	49.28%	50.9%	54.64%	43.4%	45.88%	55.59%	45.99%	44.36%	50.44%	55.72%

Revenue by Segment

	2018	2019	2020	2021	2022	2024
Deposit Account	17.07M	20.01M	16.56M	17.15M	21.38M	20.37M
Deposit Account Growth	-	17.22%	-17.24%	3.57%	24.66%	-4.73%
Fiduciary and Trust	8.77M	9.53M	9.98M	11.57M	11.52M	13.73M
Fiduciary and Trust Growth	-	8.56%	4.76%	15.97%	-0.46%	19.20%
Credit Card	3.48M	3.16M	1.89M	1.79M	1.47M	1.65M
Credit Card Growth	-	-9.24%	-40.37%	-5.14%	-17.83%	12.38%

Frequently Asked Questions

Valuation & Price

CVB Financial Corp. (CVBF) has a price-to-earnings (P/E) ratio of 13.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

CVB Financial Corp. (CVBF) saw revenue decline by 1.0% over the past year.

Yes, CVB Financial Corp. (CVBF) is profitable, generating $203.8M in net income for fiscal year 2024 (30.5% net margin).

Dividend & Returns

Yes, CVB Financial Corp. (CVBF) pays a dividend with a yield of 4.06%. This makes it attractive for income-focused investors.

CVB Financial Corp. (CVBF) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.

Industry Metrics

CVB Financial Corp. (CVBF) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

CVB Financial Corp. (CVBF) has an efficiency ratio of 31.7%. This is excellent, indicating strong cost control.

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