CVB 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. The company 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. It also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; 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 that are secured by owner-occupied and investor owned properties; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. The company 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. In addition, it 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, 2020, the company operated 57 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; one loan production office located in Modesto, California; and three trust offices located in Ontario, Newport Beach, and Pasadena. CVB Financial Corp. was founded in 1974 and is headquartered in Ontario, California.
IPO Year:
Exchange: NASDAQ
Website: cbbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2024 | $20.00 → $22.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 5/22/2024 | Buy → Neutral | Janney | |
| 4/22/2024 | $18.00 | Outperform → Market Perform | Hovde Group |
| 12/8/2023 | $21.00 | Equal-Weight | Stephens |
| 5/25/2023 | Neutral → Buy | Janney | |
| 10/21/2022 | $32.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 8/5/2021 | $22.00 → $23.00 | Market Perform → Outperform | Hovde Group |
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ONTARIO, Calif., June 15, 2022 (GLOBE NEWSWIRE) -- CVB Financial Corp. ("CVBF"), the holding company for Citizens Business Bank ("CBB"), is pleased to announce the appointment of Kimberly Sheehy as a Board Member. Ms. Sheehy was also named a Director of CBB. Her appointment increases the current total authorized board members for each of CVBF and CBB from eight to nine. Ms. Sheehy will serve as Chair of CVBF's Audit Committee and as a member of CVBF's Compensation Committee and Nominating and Corporate Governance Committee, in addition to serving as a member of CBB's Risk Management Committee, Balance Sheet Management Committee and Trust Services Committee."We are very pleased to welcome K
ONTARIO, Calif., April 12, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. ("CVBF"), the holding company for Citizens Business Bank ("CBB"), is pleased to announce the appointment of Brian T. Mauntel as the President of CBB, effective April 26, 2021. In his new position, Mr. Mauntel will be responsible for overseeing the Bank's 57 business financial centers, specialty lending groups including Dairy & Livestock and Agribusiness, sales support groups, and our wealth management division, CitizensTrust. "After an extensive search, we are pleased to have found and hired a President with deep leadership experience in financial services and business banking," said David A. Brager, CVBF's and CBB's C
Ontario, CA, Nov. 21, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) announced that, at its regular meeting on November 20, 2024, the Board of Directors of CVB Financial Corp. (the "Company"), the holding company for Citizens Business Bank, authorized the Company to repurchase up to 10,000,000 shares of the Company's common stock (the "2024 Repurchase Program"), including by means of one or more Rule 10b5-1 plans or other appropriate buy-back arrangements, including open market purchases and private transactions. "The approval of this share repurchase program reflects our robust capital position, consistent track record of producing quality earnings, and history of deliverin
Third Quarter 2024 Net Earnings of $51 million, or $0.37 per share Return on Average Assets of 1.23%Return on Average Tangible Common Equity of 14.93% Net Interest Margin of 3.05% Ontario, CA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended September 30, 2024. CVB Financial Corp. reported net income of $51.2 million for the quarter ended September 30, 2024, compared with $50.0 million for the second quarter of 2024 and $57.9 million for the third quarter of 2023. Diluted earnings per share were $0.37 for the third quarter, compared to $0.36 for
ONTARIO, CA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the third quarter of 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on September 16, 2024. The quarterly dividend will be payable on or about October 14, 2024 to shareholders of record as of September 30, 2024. "We are pleased to announce our 140th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank.
Second Quarter 2024 Net Earnings of $50 million, or $0.36 per share Return on Average Assets of 1.24%Return on Average Tangible Common Equity of 15.51% Net Interest Margin of 3.05% ONTARIO, CA, July 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended June 30, 2024. CVB Financial Corp. reported net income of $50.0 million for the quarter ended June 30, 2024, compared with $48.6 million for the first quarter of 2024 and $55.8 million for the second quarter of 2023. Diluted earnings per share were $0.36 for the second quarter, compared to $0.35 for the prior quarter and $0.40 for
ONTARIO, CA, June 26, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on June 26, 2024. The quarterly dividend will be payable on or about July 25, 2024 to shareholders of record as of July 11, 2024. "We are pleased to announce our 139th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank. CVBF is o
First Quarter 2024 Net Earnings of $48.6 million, or $0.35 per share Return on Average Assets of 1.21%Return on Average Tangible Common Equity of 15.13% Net Interest Margin of 3.10% ONTARIO, CA, April 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended March 31, 2024. CVB Financial Corp. reported net income of $48.6 million for the quarter ended March 31, 2024, compared with $48.5 million for the fourth quarter of 2023 and $59.3 million for the first quarter of 2023. Diluted earnings per share were $0.35 for the first quarter, compared to $0.35 for the
ONTARIO, CA, March 20, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the first quarter of 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on March 20, 2024. The quarterly dividend will be payable on or about April 17, 2024 to shareholders of record as of April 3, 2024. "We are pleased to announce our 138th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank. CVBF is one
Fourth Quarter 2023 Net Earnings of $48.5 million, or $0.35 per share FDIC Special Assessment of $9.2 million ($0.04 decrease in EPS) Full Year 2023 Net Earnings of $221.4 million, or $1.59 per shareEfficiency Ratio of 42.0%Return on Average Assets of 1.35%Return on Average Tangible Common Equity of 18.48% ONTARIO, Calif., Jan. 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter and the year ended December 31, 2023. CVB Financial Corp. reported net income of $48.5 million for the quarter ended December 31, 2023, compared with $57.9 million for the third quarter of 202
ONTARIO, CA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the fourth quarter of 2023. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on December 20, 2023. The quarterly dividend will be payable on or about January 22, 2024 to shareholders of record as of January 5, 2024. "We are pleased to announce our 137th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank. CVB
Net Earnings of $57.9 million, or $0.42 per share Return on Average Tangible Common Equity of 18.82% Return on Average Assets of 1.40% Efficiency Ratio of 39.99% ONTARIO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended September 30, 2023. CVB Financial Corp. reported net income of $57.9 million for the quarter ended September 30, 2023, compared with $55.8 million for the second quarter of 2023 and $64.6 million for the third quarter of 2022. Diluted earnings per share were $0.42 for the third quarter, compared to $0.40 for the prior quarter and $0.46 fo
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Keefe Bruyette upgraded CVB Financial from Mkt Perform to Outperform and set a new price target of $22.00 from $20.00 previously
Janney downgraded CVB Financial from Buy to Neutral
Hovde Group downgraded CVB Financial from Outperform to Market Perform and set a new price target of $18.00
Stephens initiated coverage of CVB Financial with a rating of Equal-Weight and set a new price target of $21.00
Janney upgraded CVB Financial from Neutral to Buy
Keefe Bruyette downgraded CVB Financial from Outperform to Mkt Perform and set a new price target of $32.00
Hovde Group upgraded CVB Financial from Market Perform to Outperform and set a new price target of $23.00 from $22.00 previously
Third Quarter 2024 Net Earnings of $51 million, or $0.37 per share Return on Average Assets of 1.23%Return on Average Tangible Common Equity of 14.93% Net Interest Margin of 3.05% Ontario, CA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended September 30, 2024. CVB Financial Corp. reported net income of $51.2 million for the quarter ended September 30, 2024, compared with $50.0 million for the second quarter of 2024 and $57.9 million for the third quarter of 2023. Diluted earnings per share were $0.37 for the third quarter, compared to $0.36 for
ONTARIO, CA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the third quarter of 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on September 16, 2024. The quarterly dividend will be payable on or about October 14, 2024 to shareholders of record as of September 30, 2024. "We are pleased to announce our 140th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank.
Second Quarter 2024 Net Earnings of $50 million, or $0.36 per share Return on Average Assets of 1.24%Return on Average Tangible Common Equity of 15.51% Net Interest Margin of 3.05% ONTARIO, CA, July 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended June 30, 2024. CVB Financial Corp. reported net income of $50.0 million for the quarter ended June 30, 2024, compared with $48.6 million for the first quarter of 2024 and $55.8 million for the second quarter of 2023. Diluted earnings per share were $0.36 for the second quarter, compared to $0.35 for the prior quarter and $0.40 for
ONTARIO, CA, June 26, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on June 26, 2024. The quarterly dividend will be payable on or about July 25, 2024 to shareholders of record as of July 11, 2024. "We are pleased to announce our 139th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank. CVBF is o
First Quarter 2024 Net Earnings of $48.6 million, or $0.35 per share Return on Average Assets of 1.21%Return on Average Tangible Common Equity of 15.13% Net Interest Margin of 3.10% ONTARIO, CA, April 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended March 31, 2024. CVB Financial Corp. reported net income of $48.6 million for the quarter ended March 31, 2024, compared with $48.5 million for the fourth quarter of 2023 and $59.3 million for the first quarter of 2023. Diluted earnings per share were $0.35 for the first quarter, compared to $0.35 for the
ONTARIO, CA, March 20, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the first quarter of 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on March 20, 2024. The quarterly dividend will be payable on or about April 17, 2024 to shareholders of record as of April 3, 2024. "We are pleased to announce our 138th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank. CVBF is one
Fourth Quarter 2023 Net Earnings of $48.5 million, or $0.35 per share FDIC Special Assessment of $9.2 million ($0.04 decrease in EPS) Full Year 2023 Net Earnings of $221.4 million, or $1.59 per shareEfficiency Ratio of 42.0%Return on Average Assets of 1.35%Return on Average Tangible Common Equity of 18.48% ONTARIO, Calif., Jan. 24, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter and the year ended December 31, 2023. CVB Financial Corp. reported net income of $48.5 million for the quarter ended December 31, 2023, compared with $57.9 million for the third quarter of 202
ONTARIO, CA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the fourth quarter of 2023. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on December 20, 2023. The quarterly dividend will be payable on or about January 22, 2024 to shareholders of record as of January 5, 2024. "We are pleased to announce our 137th consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. ("CVBF") is the holding company for Citizens Business Bank. CVB
Net Earnings of $57.9 million, or $0.42 per share Return on Average Tangible Common Equity of 18.82% Return on Average Assets of 1.40% Efficiency Ratio of 39.99% ONTARIO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the "Company"), announced earnings for the quarter ended September 30, 2023. CVB Financial Corp. reported net income of $57.9 million for the quarter ended September 30, 2023, compared with $55.8 million for the second quarter of 2023 and $64.6 million for the third quarter of 2022. Diluted earnings per share were $0.42 for the third quarter, compared to $0.40 for the prior quarter and $0.46 fo
ONTARIO, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ:CVBF) (the "Company") announced a twenty cent ($0.20) per share cash dividend with respect to the third quarter of 2023. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on September 20, 2023. The quarterly dividend will be payable on or about October 19, 2023 to shareholders of record as of October 4, 2023. "We are pleased to announce our 136th consecutive cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer. Corporate Overview CVB Financial Corp. ("CVBF") is the holding company for Citizens Bus
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Wedbush analyst David Chiaverini maintains CVB Financial (NASDAQ:CVBF) with a Neutral and raises the price target from $18 to $21.
CVB Financial (NASDAQ:CVBF) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.34 by 5.88 percent. The company reported quarterly sales of $125.273 million which beat the analyst consensus estimate of $113.041 million by 10.82 percent. This is a 5.23 percent decrease over sales of $132.191 million the same period last year.
In the preceding three months, 4 analysts have released ratings for CVB Financial (NASDAQ:CVBF), presenting a wide array of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 4 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated CVB Financial and provided 12-month price targets. The average target is $19.0, accompanied by a high estim
Janney Montgomery Scott analyst Timothy Coffey downgrades CVB Financial (NASDAQ:CVBF) from Buy to Neutral.
Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. CVB Financial The Trade: CVB Financial Corp. (NASDAQ:CVBF) EVP and CCO David F Farnsworth acquired a total of 1,100 shares a
Ratings for CVB Financial (NASDAQ:CVBF) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated CVB Financial and provided 12-month price targets. The average target is $19.0, accompanied by a high estimate of $20.00 and a low estimate of $18.00. This current average has d
Keefe, Bruyette & Woods analyst Kelly Motta maintains CVB Financial (NASDAQ:CVBF) with a Market Perform and lowers the price target from $20 to $19.
Stephens & Co. analyst Andrew Terrell reiterates CVB Financial (NASDAQ:CVBF) with a Equal-Weight and maintains $20 price target.
Wedbush analyst David Chiaverini reiterates CVB Financial (NASDAQ:CVBF) with a Neutral and maintains $19 price target.
CVB Financial (NASDAQ:CVBF) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.34 by 2.94 percent. This is a 16.67 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $126.574 million which beat the analyst consensus estimate of $116.576 million by 8.58 percent. This is a 8.89 percent decrease over sales of $138.930 million the same period last year.