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CVBF - CVB Financial Corp.

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CVB Financial Corp.

CVBF

NASDAQ

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. 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.

20.75 USD

0.22 (1.06%)

CVBF Financial Statements

Year

2023

2022

2021

2020

Total Revenue

547.32M

555.5M

461.94M

464.24M

Cost of Revenue

-118.34M

0

0

0

Gross Profit

665.66M

555.5M

461.94M

464.24M

Operating Expenses

191.19M

6.3M

-164.29M

-214.72M

Research and Development

0

0

0

0

Selling, General & Administrative Expenses

191.19M

137.89M

134.08M

135.55M

Selling & Marketing Expenses

6.76M

6.3M

4.62M

4.49M

General & Administrative Expenses

139.19M

131.6M

129.46M

131.06M

Other Expenses

0

-56.21M

-298.37M

-350.27M

Operating Income

353.2M

337.5M

297.65M

249.52M

Total Other Income/Expenses Net

-37.76M

-29.46M

346k

-13.13M

Income Before Tax

315.43M

328.35M

297.65M

249.52M

Income Tax

94M

92.92M

85.13M

72.36M

Net Income

221.44M

235.43M

212.52M

177.16M

Basic EPS

1.59

1.68

1.57

1.3

EPS Diluted

1.59

1.67

1.56

1.3

Basic Average Shares

138.33M

139.65M

135.16M

136.03M

Diluted Average Shares

138.46M

140.01M

135.38M

136.21M

EBITDA

328.49M

342.01M

0

0

Retained Earning Schedule

Year

2023

2022

2021

2020

Retained Earnings (Previous Year)

1B

875.57M

760.86M

682.69M

Net Income

221.44M

235.43M

212.52M

177.16M

Stock Repurchases

-21.22M

-116.33M

-8.34M

-92.77M

Dividend Paid

-111.69M

-104.44M

-97.73M

-98.47M

Retained Earnings

1.11B

1B

875.57M

760.86M

Other Distributions

-23.11M

-93.49M

8.64M

-113.08M

PPE Schedule

Year

2023

2022

2021

2020

Gross PPE

66.36M

46.7M

49.1M

51.14M

Annual Depreciation

18.17M

14.47M

14.64M

16.25M

Capital Expenditure

-4.52M

-5.36M

-4.68M

-4.67M

Net PPE

52.72M

37.59M

39.13M

39.56M

Intangible and Goodwill Schedule

Year

2023

2022

2021

2020

Acquisitions and Adjustments

0

102.11M

0

0

Goodwill (Previous Year)

765.82M

663.71M

663.71M

663.71M

Goodwill

765.82M

765.82M

663.71M

663.71M

All figures are in USD.

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