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Cvb Financial Corp. (CVBF)
NASDAQ:CVBF
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 4.31%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of consistent profitability and shareholder returns, alongside challenges in loan portfolio performance and increased expenses. The company's strong deposit growth and improved net interest margin were positive, but overshadowed by loan declines and increased classified loans.Company Guidance
In the first quarter of 2025, CVB Financial Corp. reported net earnings of $51.1 million, or $0.36 per share, marking their 192nd consecutive quarter of profitability. They declared a $0.20 per share dividend, maintaining a record of 142 consecutive quarters of cash dividends. The return on average tangible common equity was 14.51%, and the return on average assets was 1.37%. The net interest margin expanded by 13 basis points to 3.31%, driven by balance sheet deleveraging efforts. Total deposits and customer repurchase agreements increased to $12.3 billion, with noninterest-bearing deposits growing by $147 million. Total loans decreased to $8.36 billion, largely due to a $168 million reduction in dairy and livestock loans. Nonperforming and delinquent loans fell to $26.8 million, and the allowance for credit losses stood at $78.2 million. Despite a competitive market, loan originations increased by 13% over the previous year, with new yields averaging 6.5%. The company's capital position remained strong, with shareholders' equity rising to $2.23 billion and a tangible common equity ratio of 10%.Consistent Profitability
The company reported net earnings of $51.1 million or $0.36 per share, marking the 192nd consecutive quarter of profitability. This equates to 48 years of consistent profits.
Shareholder Returns
Declared a $0.20 per share dividend for the first quarter of 2025, representing the 142nd consecutive quarter of paying a cash dividend. The company has also repurchased 2.05 million shares year-to-date at an average share price of $18.13.
Improved Net Interest Margin
The net interest margin expanded by 13 basis points to 3.31% in the first quarter of 2025, compared to 3.18% in the fourth quarter of 2024 and 3.10% in the first quarter of 2024.
Non-Interest Income Growth
Non-interest income increased to $16.2 million for the first quarter of 2025, compared to $13.1 million in the fourth quarter of 2024 and $14.1 million in the first quarter of 2024.
Strong Deposit Growth
Total deposits and customer repurchase agreements increased by $56 million from the end of 2024, with noninterest-bearing deposits growing by $147 million or 2% compared to the end of 2024.
CVBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CVBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $18.78 | $18.91 | +0.69% |
Jan 22, 2025 | $20.46 | $20.44 | -0.10% |
Oct 23, 2024 | $18.61 | $19.20 | +3.17% |
Jul 24, 2024 | $18.84 | $19.15 | +1.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cvb Financial Corp. (CVBF) report earnings?
Cvb Financial Corp. (CVBF) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Cvb Financial Corp. (CVBF) earnings time?
Cvb Financial Corp. (CVBF) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVBF EPS forecast?
CVBF EPS forecast for the fiscal quarter 2025 (Q2) is 0.35.