CVB FINANCIAL CORP CVBF
CVB Financial Corp.
CVB Financial Corp. (referred to herein on an unconsolidated basis as "CVB" and on a consolidated basis as "we", "our" or the "Company") is a bank holding company incorporated in California on April 27, 1981 and registered with the Board of Governors of the Federal Reserve System ("Federal Reserve") under the Bank Holding Company Act of 1956, as amended (the "BHCA"). The Company commenced business on December 30, 1981 when, pursuant to a reorganization, it acquired all of the voting stock of Chino Valley Bank. On March 29, 1996, Chino Valley Bank changed its name to Citizens Business Bank, and on December 15, 2025, Citizens Business Bank changed its name to Citizens Business Bank, National Association ("CBB" or the "Bank"). The Bank is our principal asset. The Company has one inactive subsidiary, Chino Valley Bancorp.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $593.3M | $630.1M | $606.3M | $514.7M | $420.6M | $430.3M | $457.9M | $361.9M | $287.2M | $265.1M |
| Operating income | $314.0M | $314.0M | $314.0M | $300.0K | — | — | — | — | — | — |
| Interest expense | $460.3M | $447.3M | $488.0M | $505.5M | $6.1M | $14.3M | $22.1M | $12.8M | $8.3M | $8.0M |
| Pre-tax income | $281.7M | $271.2M | $315.4M | $328.3M | $297.6M | $249.5M | $291.1M | $211.1M | $188.8M | $162.3M |
| Income tax | $72.4M | $70.5M | $94.0M | $92.9M | $85.1M | $72.4M | $83.2M | $59.1M | $84.4M | $60.9M |
| Net income | $209.3M | $200.7M | $221.4M | $235.4M | $212.5M | $177.2M | $207.8M | $152.0M | $104.4M | $101.4M |
| EPS, basic | 1.52 | 1.44 | 1.59 | 1.67 | 1.57 | 1.30 | 1.48 | 1.25 | 0.95 | 0.94 |
| EPS, diluted | 1.52 | 1.44 | 1.59 | 1.67 | 1.56 | 1.30 | 1.48 | 1.24 | 0.95 | 0.94 |
| Shares, diluted (wtd. avg.) | $137.1M | $138.6M | $138.5M | $140.0M | $135.4M | $136.2M | $139.9M | $122.0M | $109.8M | $107.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $376.4M | $204.7M | $281.3M | $203.5M | $1.73B | $1.96B | $185.5M | $163.9M | $144.4M | $121.6M |
| Property, plant and equipment | $26.5M | $27.5M | $44.7M | $46.7M | $49.1M | $51.1M | $54.0M | $58.2M | $46.2M | $42.1M |
| Goodwill | $765.8M | $765.8M | $765.8M | $765.8M | $663.7M | $663.7M | $663.7M | $666.5M | $116.6M | $89.5M |
| Other intangibles | $5.8M | $10.0M | $15.3M | $21.7M | $25.4M | $33.6M | $43.0M | $53.8M | $6.8M | $5.0M |
| Total assets | $15.63B | $15.15B | $16.02B | $16.48B | $15.88B | $14.42B | $11.28B | $11.53B | $8.27B | $8.07B |
| Short-term debt | — | — | $995.0M | $995.0M | $2.3M | $5.0M | $0 | — | — | — |
| Total liabilities | $13.34B | $12.97B | $13.94B | $14.53B | $13.80B | $12.41B | $9.29B | $9.68B | $7.20B | $7.08B |
| Retained earnings | $1.30B | $1.20B | $1.11B | $1.00B | $875.6M | $760.9M | $682.7M | $575.8M | $494.4M | $449.5M |
| Total equity | $2.30B | $2.19B | $2.08B | $1.95B | $2.08B | $2.01B | $1.99B | $1.85B | $1.07B | $990.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $221.4M | $249.8M | $295.6M | $273.7M | $195.2M | $185.1M | $208.2M | $165.0M | $138.4M | $124.5M |
| Depreciation and amortisation | $14.8M | $15.4M | $18.2M | $13.7M | -$6.4M | -$1.2M | $22.0M | $8.3M | $2.7M | $5.3M |
| Stock-based compensation | $6.2M | $10.2M | $9.4M | $7.9M | $5.2M | $5.5M | $5.5M | $3.5M | $3.0M | $2.8M |
| Capital expenditure | $4.1M | $5.1M | $4.5M | $5.4M | $4.7M | $4.7M | $5.5M | $4.2M | $4.9M | $12.6M |
| Investing cash flow | -$210.3M | $852.7M | $536.3M | -$1.18B | -$1.73B | -$1.27B | $325.3M | $811.1M | $140.0M | -$154.0M |
| Financing cash flow | $160.6M | -$1.18B | -$754.1M | -$625.9M | $1.31B | $2.86B | -$511.9M | -$956.5M | -$255.7M | $45.0M |
| Dividends paid | $111.0M | $111.8M | $111.7M | $104.4M | $97.7M | $98.5M | $95.4M | $66.0M | $57.0M | $51.6M |
| Buybacks | $81.1M | $2.8M | $21.2M | $46.3M | $8.3M | $92.8M | $2.6M | $7.8M | $1.1M | $1.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-144078.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |