Cvb Financial Corp. (CVBF)
NASDAQ:CVBF
Top Page
Cvb Financial
(NASDAQ:CVBF)
Select Model
Select Model
Rating:71Outperform
Price Target:
$21.50
â–²(8.09% Upside)
Action:ReiteratedDate:04/02/26
The score is driven primarily by strong underlying profitability and balance sheet improvement, supported by an attractive dividend yield and moderate P/E. These positives are tempered by weakening recent cash flow trends, cautious macro/CRE commentary from management, and neutral-to-mixed technical momentum.
Positive Factors
Consistent profitability & dividends
A multi-decade track record of uninterrupted profitability and dividend payments signals a resilient core banking model and disciplined capital allocation. This durability supports investor confidence, provides stable cash returns, and evidences the franchise can weather cyclical downturns while funding operations and shareholder distributions.
Negative Factors
Large unrealized AFS securities losses
A substantial mark-to-market loss in the available-for-sale portfolio reflects duration and interest-rate sensitivity that can depress OCI and regulatory capital headroom while limiting the bank's ability to sell securities without crystallizing losses. This structural exposure may persist until rates stabilize or portfolio duration is reduced.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent profitability & dividends
A multi-decade track record of uninterrupted profitability and dividend payments signals a resilient core banking model and disciplined capital allocation. This durability supports investor confidence, provides stable cash returns, and evidences the franchise can weather cyclical downturns while funding operations and shareholder distributions.
Read all positive factors
Cvb Financial (CVBF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.70B
Dividend Yield4%
Average Volume (3M)1.40M
Price to Earnings (P/E)12.2
Beta (1Y)0.86
Revenue Growth-8.43%
EPS Growth3.75%
CountryUS
Employees1,089
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.40
Shares Outstanding135,800,310
10 Day Avg. Volume1,672,585
30 Day Avg. Volume1,396,146
Financial Highlights & Ratios
PEG Ratio1.96
Price to Book (P/B)1.12
Price to Sales (P/S)3.98
P/FCF Ratio11.78
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue5.56
Enterprise Value/Gross Profit6.98
Enterprise Value/Ebitda12.19
Forecast
1Y Price Target
$24.17Price Target Upside21.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.41
Revenue Forecast (FY)$669.81M
Cvb Financial Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
CVB Financial makes money primarily through traditional banking income streams generated by Citizens Business Bank. The largest driver is net interest income: the bank earns interest and fees on loans and interest-bearing securities and pays inter...
Cvb Financial Key Performance Indicators (KPIs)
Cvb Financial Earnings Call Summary
Earnings Call Date:Jan 21, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call presents a largely positive operational and financial picture: stronger net interest income, loan growth, solid asset quality improvement, robust capital and buyback activity, and improved OCI from portfolio actions. Headwinds include a decline in noninterest income, elevated unrealized securities losses, modest expense increases, one-time merger-related and securities sale charges, competitive pressure on loan pricing, and conservative macro forecasts (soft GDP, elevated unemployment, and short-term CRE headwinds). Overall, the positives (consistent profitability, NII growth, loan originations, capital strength, and improving asset quality) outweigh the manageable negatives, though risks from competition and macro conditions warrant continued monitoring.Positive Updates
Consistent Profitability and Dividends
Net earnings of $55.0M ($0.40/share) in Q4 2025, marking 195 consecutive quarters of profitability (>48 years). Declared $0.20/share dividend for Q4 2025, marking 145 consecutive quarters of cash dividends.
Negative Updates
Decline in Noninterest Income
Noninterest income declined to $11.2M in Q4 2025, down $1.8M QoQ and $1.9M YoY. Contributing items included a $1.1M drop in bank-owned life insurance income (annual amortization) and an $800k decline in other income.
Read all updates
Q4-2025 Updates
Positive
Negative
Consistent Profitability and Dividends
Net earnings of $55.0M ($0.40/share) in Q4 2025, marking 195 consecutive quarters of profitability (>48 years). Declared $0.20/share dividend for Q4 2025, marking 145 consecutive quarters of cash dividends.
Read all positive updates
Company Guidance
The company’s forward-looking guidance was modest and cautious: management expects the pending Heritage Bank of Commerce merger to close in Q2 2026 with a systems conversion in Q2 and plans to sell roughly $400 million of single‑family loans on close; macro assumptions (a Moody’s‑weighted baseline) forecast real GDP below 1.5% through 2027 (not reaching 2% until 2029), unemployment rising to ~5% by early 2026 and remaining above 5% through 2028, and commercial real estate prices declining through 3Q26 before recovering through 2029. Operationally, loan pipelines remain strong into 2026 after 2025 loan originations were ~70% higher vs. 2024 (Q4 production ~15% above Q3), with Q4 loan originations averaging ~6.25% yield (quarterly loan yield 5.47%), average earning asset yield up 11 bps to 4.43%, net interest income of $122.7M in Q4, and management expecting to manage deposit beta and asset repricing through upcoming Fed cuts (cost of deposits 86 bps in Q4, cost of funds 1.01%). Capital and credit cushions were highlighted as supportive for the outlook: ACL $77M (0.89% of loans; 133% of NPAs+classified), tangible common equity 10.3%, CET1 15.9%, total risk‑based capital 16.7%, average deposits and repos $12.6B, and management reiterated cautious optimism for 2026 while maintaining conservative credit standards.Cvb Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 643.36M | 658.69M | 665.66M | 561.94M | 467.83M |
| Gross Profit | 513.85M | 480.17M | 545.82M | 542.18M | 488.25M |
| EBITDA | 281.69M | 286.61M | 333.60M | 342.01M | 291.22M |
| Net Income | 209.30M | 200.72M | 221.44M | 235.43M | 212.52M |
Balance Sheet | |||||
| Total Assets | 15.63B | 15.15B | 16.02B | 16.48B | 15.88B |
| Cash, Cash Equivalents and Short-Term Investments | 107.51M | 268.94M | 3.25B | 3.47B | 4.94B |
| Total Debt | 990.60M | 761.89M | 2.34B | 1.56B | 644.67M |
| Total Liabilities | 13.34B | 12.97B | 13.94B | 14.53B | 13.80B |
| Stockholders Equity | 2.30B | 2.19B | 2.08B | 1.95B | 2.08B |
Cash Flow | |||||
| Free Cash Flow | 217.34M | 244.63M | 291.11M | 268.37M | 190.56M |
| Operating Cash Flow | 221.41M | 249.76M | 295.63M | 273.73M | 195.24M |
| Investing Cash Flow | -210.31M | 852.75M | 536.28M | -1.18B | -1.73B |
| Financing Cash Flow | 160.59M | -1.18B | -754.08M | -625.85M | 1.31B |
Cvb Financial Technical Analysis
Positive
19.89
Price Trends
19.51
Positive
19.34
Positive
19.15
Positive
Market Momentum
0.08
Negative
61.69
Neutral
94.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVBF, the sentiment is Positive. The current price of 19.89 is above the 20-day moving average (MA) of 18.97, above the 50-day MA of 19.51, and above the 200-day MA of 19.15, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 61.69 is Neutral, neither overbought nor oversold. The STOCH value of 94.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CVBF.
Cvb Financial Risk Analysis
Cvb Financial disclosed 58 risk factors in its most recent earnings report. Cvb Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cvb Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $3.02B | 13.16 | 11.62% | 3.99% | 3.40% | 23.04% | |
73 Outperform | $3.03B | 13.59 | 13.70% | 2.96% | 6.29% | 28.28% | |
71 Outperform | $2.70B | 12.23 | 9.25% | 4.00% | -8.43% | 3.75% | |
69 Neutral | $3.37B | 12.64 | 8.99% | 2.71% | -5.44% | 45.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $2.78B | 24.15 | 6.87% | 1.34% | 10.50% | -6.22% | |
63 Neutral | $3.14B | 15.10 | 7.31% | 3.04% | 9.48% | 12.83% |
* Financial Sector Average
CVBF
Cvb Financial
19.89
3.83
23.86%
BOH
Bank Of Hawaii
76.50
18.85
32.69%
BKU
BankUnited
45.77
17.26
60.51%
PRK
Park National
167.74
29.58
21.41%
TOWN
TowneBank
34.04
4.59
15.57%
FBK
FB Financial
54.30
14.97
38.05%
Cvb Financial Corporate Events
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
CVB Financial clears approvals for Heritage Commerce merger
Positive
Apr 1, 2026
On April 1, 2026, CVB Financial Corp. announced it had secured all required regulatory approvals for its previously disclosed all-stock merger with Heritage Commerce Corp, including Federal Reserve clearance and approval from the Office of the Com...
Business Operations and StrategyM&A TransactionsShareholder Meetings
CVB Financial Shareholders Approve Merger With Heritage Commerce
Positive
Mar 27, 2026
On March 26, 2026, shareholders of CVB Financial Corp. and Heritage Commerce Corp approved the planned merger of Heritage into CVB Financial, with CVB remaining as the surviving corporation. CVB shareholders backed the deal by a wide margin, with ...
Legal ProceedingsM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
CVB Financial issues supplemental merger disclosures amid lawsuits
Negative
Mar 18, 2026
On December 17, 2025, CVB Financial Corp. and Heritage Commerce Corp. agreed to merge, with Heritage to be absorbed into CVBF and Heritage Bank of Commerce to be combined with Citizens Business Bank, and shareholder votes on the deal scheduled for...
Executive/Board ChangesShareholder Meetings
CVB Financial announces planned board and audit leadership change
Neutral
Feb 19, 2026
CVB Financial Corp. announced that director Kimberly Sheehy informed the company and its subsidiary, Citizens Business Bank, on February 18, 2026, that she will not stand for reelection at the annual shareholder meeting scheduled for May 20, 2026,...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
CVB Financial Updates Investor Presentation, Highlights Recent Performance
Positive
Jan 22, 2026
In January 2026, CVB Financial Corp. updated its investor slide presentation to reflect fourth-quarter 2025 financial information and announced that its president and CEO, along with its CFO, would present to institutional investors at various mee...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.