Earnings summaries and quarterly performance for CVB FINANCIAL.
Executive leadership at CVB FINANCIAL.
David Brager
Detailed
President and Chief Executive Officer
CEO
AN
Allen Nicholson
Detailed
Executive Vice President and Chief Financial Officer
DF
David Farnsworth
Detailed
Executive Vice President, Chief Credit Officer
DH
David Harvey
Detailed
Executive Vice President, Chief Operating Officer
RW
Richard Wohl
Detailed
Executive Vice President, General Counsel
YD
Yamynn DeAngelis
Detailed
Executive Vice President, Chief Risk Officer
Board of directors at CVB FINANCIAL.
Research analysts who have asked questions during CVB FINANCIAL earnings calls.
Andrew Terrell
Stephens Inc.
9 questions for CVBF
Also covers: AVBH, BANC, BANR +17 more
GT
Gary Tenner
D.A. Davidson & Co.
8 questions for CVBF
Also covers: AVBH, AX, BANC +18 more
David Feaster
Raymond James
7 questions for CVBF
Also covers: ABCB, ALRS, AX +20 more
KM
Kelly Motta
Keefe, Bruyette & Woods
7 questions for CVBF
Also covers: AX, BANR, BOH +18 more
MC
Matthew Clark
Piper Sandler
7 questions for CVBF
Also covers: AVBH, BANC, BMRC +23 more
AB
Adam Butler
Piper Sandler
2 questions for CVBF
Also covers: BMRC, CATY, FFWM +2 more
Charlie Driscoll
Keefe, Bruyette & Woods
2 questions for CVBF
Also covers: FCF, FHB, HFWA +3 more
Liam Coohill
Raymond James
2 questions for CVBF
Also covers: FFWM, FHB, FSBC +1 more
TC
Timothy Coffey
Janney Montgomery Scott LLC
2 questions for CVBF
Also covers: AVBH, BANC, BANR +11 more
AH
Ahmad Hasan
D.A. Davidson & Co.
1 question for CVBF
Also covers: HAFC, SFNC, VBTX
Recent press releases and 8-K filings for CVBF.
CVB Financial Corp Enters Merger Agreement with Heritage Commerce Corp
CVBF
M&A
- CVB Financial Corp (Parent) and Heritage Commerce Corp (Company) entered into an Agreement and Plan of Reorganization and Merger as of December 17, 2025.
- Under the agreement, Heritage Commerce Corp will merge with and into CVB Financial Corp, with CVB Financial Corp continuing as the surviving corporation ,.
- Each share of Heritage Commerce Corp Common Stock will be converted into the right to receive 0.65 shares of CVB Financial Corp Common Stock ,.
- Following the merger, Heritage Bank of Commerce, a wholly-owned subsidiary of Heritage Commerce Corp, will merge into Citizens Business Bank, National Association, a wholly-owned subsidiary of CVB Financial Corp.
Dec 23, 2025, 9:38 PM
CVB Financial Corporation announces all-stock merger with Heritage Commerce Corp
CVBF
M&A
- CVB Financial Corporation announced an all-stock merger transaction with Heritage Commerce Corp, valued at approximately $811 million based on yesterday's closing stock prices.
- The merger involves a fixed exchange ratio of 0.65 CVBF shares for each Heritage share, leading to pro forma ownership of approximately 77% for CVBF and 23% for Heritage.
- The transaction is projected to be 13.2% accretive to earnings per share in 2027 and is expected to generate an internal rate of return above 20%.
- It is anticipated to result in 7.7% tangible book value dilution with a projected earnback period of two and a half years.
- The combined company aims to expand into the Bay Area to achieve comprehensive geographic coverage in California and expects to achieve approximately 35% in cost savings.
Dec 17, 2025, 10:30 PM
CVBF Announces Acquisition of Heritage Commerce Corp.
CVBF
M&A
- Citizens Business Bank (CVBF) is acquiring Heritage Commerce Corp. in an all-stock deal valued at approximately $811 million, with a fixed exchange ratio of 0.65 CVBF shares for each Heritage share. This transaction will result in pro forma ownership of approximately 77% CVBF and 23% Heritage in the combined organization.
- The merger is projected to generate 13.2% earnings per share accretion in 2027 and an internal rate of return above 20%. It is expected to cause 7.7% tangible book value dilution (including rate marks) with a projected earnback period of two and a half years.
- The combined organization is estimated to have 14.6% CT1 at close and expects to achieve approximately 35% cost savings. Clay Jones, Heritage's CEO, will join the combined company as President.
Dec 17, 2025, 10:30 PM
CVB Financial Corp. announces merger with Heritage Commerce Corp.
CVBF
M&A
New Projects/Investments
- CVB Financial Corp. (CVBF) announced a merger with Heritage Commerce Corp., an all-stock transaction valued at $811 million, or $13.00 per Heritage Commerce share, resulting in pro forma ownership of 77% CVB and 23% Heritage Commerce.
- The merger is anticipated to be 13.2% accretive to EPS by 2027E and result in a (7.7%) tangible book value per share (TBVPS) dilution with an earnback period of 2.5 years.
- The transaction is expected to close in 2Q 2026 and will expand CVBF's presence into the desirable Bay Area markets, increasing pro forma assets to $21.7 billion and deposits to $17.2 billion.
Dec 17, 2025, 10:30 PM
CVB Financial Corporation Announces All-Stock Merger with Heritage Commerce Corp
CVBF
M&A
Guidance Update
New Projects/Investments
- CVB Financial Corporation (CVBF) announced an all-stock merger transaction to acquire Heritage Commerce Corp, valued at approximately $811 million based on yesterday's closing stock prices.
- The transaction involves a fixed exchange ratio of 0.65 CVBF shares for each Heritage share, resulting in pro forma ownership of approximately 77% CVBF and 23% Heritage.
- The merger is projected to generate 13.2% earnings per share accretion in 2027 and an internal rate of return above 20%.
- It is expected to result in a 7.7% tangible book value dilution (including rate marks) with a projected earnback of two and a half years, and the combined company is estimated to have 14.6% CT1 at close.
- Strategically, the merger expands CVBF's presence into the Bay Area, providing comprehensive geographic coverage of major business banking markets in California.
Dec 17, 2025, 10:30 PM
CVB Financial Corporation announces all-stock merger with Heritage Commerce Corp
CVBF
M&A
- CVB Financial Corporation (CVBF) announced an all-stock merger transaction with Heritage Commerce Corp, valued at approximately $811 million based on closing stock prices, with a fixed exchange ratio of 0.65 CVBF shares for each Heritage share.
- The merger is CVBF's largest acquisition by asset size and aims to expand its presence into the Bay Area, providing comprehensive geographic coverage across major business banking markets in California.
- The transaction is expected to generate 13.2% earnings per share accretion in 2027 and an internal rate of return above 20%.
- It anticipates a 7.7% tangible book value dilution with a projected earnback of two and a half years, including rate marks.
- The combined company is projected to achieve a 1.5% return on average assets and approximately 17% return on average tangible common equity in 2027, with an estimated 14.6% CET1 at close.
Dec 17, 2025, 10:30 PM
CVB Financial Corp. Announces Merger Agreement with Heritage Commerce Corp
CVBF
M&A
Earnings
Board Change
- CVB Financial Corp. (CVBF) and Heritage Commerce Corp (HTBK) announced a definitive merger agreement on December 17, 2025, in an all-stock transaction valued at approximately $811 million.
- Under the terms, HTBK shareholders will receive 0.6500 shares of CVBF common stock for each HTBK share, resulting in CVBF shareholders owning approximately 77% and HTBK shareholders owning approximately 23% of the combined company.
- The merger is projected to be immediately accretive to Citizens’ earnings per share, with an estimated 13.2% EPS accretion in 2027, and a 7.7% tangible book value per share dilution with an earn-back period of approximately 2.5 years.
- The combined entity is expected to have approximately $22 billion in assets and more than 75 offices, expanding Citizens Business Bank’s presence into the Bay Area.
- The transaction is anticipated to close in the second quarter of 2026, subject to regulatory and shareholder approvals.
Dec 17, 2025, 10:27 PM
CVB Financial Corporation Reports Q3 2025 Earnings and Operational Growth
CVBF
Earnings
Dividends
Share Buyback
- CVB Financial Corporation reported net earnings of $52.6 million, or $0.38 per share, for the third quarter of 2025, marking its 194th consecutive quarter of profitability. This represents an increase from $50.6 million, or $0.37 per share, in the second quarter of 2025.
- Total loans grew by $112 million, an annualized 5% increase, to $8.47 billion at September 30, 2025, driven by growth across nearly all loan categories. Total deposits and customer repurchase agreements increased by $170 million quarter-over-quarter to $12.6 billion.
- The company declared a $0.20 per share dividend for the third quarter of 2025 and repurchased 290,000 shares at an average price of $20.35 during the quarter. As of September 30, 2025, the tangible common equity ratio was 10.1%, and the common equity tier one capital ratio was 16.3%.
- CVB Financial Corp. is expanding its presence by opening a de novo office in the Temecula-Murrieta area, having hired a team of four bankers, and noted continued dialogue regarding M&A opportunities.
Oct 23, 2025, 2:30 PM
CVB Financial Corporation reports Q3 2025 financial results
CVBF
Earnings
Dividends
Share Buyback
- CVB Financial Corporation reported net earnings of $52.6 million, or $0.38 per share, for the third quarter of 2025, marking its 194th consecutive quarter of profitability.
- The company declared a $0.20 per share dividend for Q3 2025, representing its 144th consecutive quarter of paying a cash dividend to shareholders.
- Total loans increased by $112 million, or 5% annualized, reaching $8.47 billion at September 30, 2025, with loan originations in Q3 2025 being approximately 55% higher than in Q3 2024.
- Total deposits and customer repurchase agreements stood at $12.6 billion at September 30, 2025, reflecting a $170 million increase from the prior quarter.
- The company maintained strong capital ratios with a tangible common equity ratio of 10.1%, a common equity tier one capital ratio of 16.3%, and a total risk-based capital ratio of 17.1% at September 30, 2025, and repurchased 290,000 shares during the quarter.
Oct 23, 2025, 2:30 PM
Quarterly earnings call transcripts for CVB FINANCIAL.
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