Education
About Us
Working with TipRanks
Follow Us
Cvb Financial Corp. (CVBF)
NASDAQ:CVBF
Top Page
Cvb Financial
(NASDAQ:CVBF)
70Outperform
Positive Factors
Earnings
CVBF reported core EPS of $0.37, above consensus estimate of $0.34.
Financial Performance
The $22 price target offers investors an attractive 28% total return.
Negative Factors
Stock Performance
Shares have fallen -31% since the start of 2023, making CVBF the second-worst performing in the index.
Cvb Financial (CVBF) vs. S&P 500 (SPY)
Market Cap
$2.65B
Dividend Yield4.19%
Average Volume (3M)928.31K
Price to Earnings (P/E)13.2
Beta (1Y)1.15
Revenue Growth-1.39%
EPS Growth-3.84%
CountryUS
Employees1,089
SectorFinancial
Sector Strength87
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.45
Shares Outstanding139,091,670
10 Day Avg. Volume817,557
30 Day Avg. Volume928,312
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.19
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit23.57
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$23.33Price Target Upside22.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Cvb Financial Business Overview & Revenue Model
Company DescriptionCVB Financial Corp (CVBF) is a financial holding company headquartered in Ontario, California. It operates primarily through its principal subsidiary, Citizens Business Bank, which serves a diverse range of clients including small to medium-sized businesses, professionals, and individuals. The bank's core offerings include commercial banking services such as lending, deposit products, and treasury management services, as well as trust and investment services.
How the Company Makes MoneyCVB Financial Corp generates revenue mainly through interest income from loans and leases, which constitute a significant portion of its earnings. The company earns money by charging interest on various loan products, including commercial and industrial loans, real estate loans, and consumer loans. Additionally, it derives income from interest on securities held in its investment portfolio. Non-interest income is generated through service charges and fees associated with deposit accounts, treasury management services, and other banking services. The company also benefits from strategic partnerships and investments that enhance its service offerings and customer base, contributing to its overall revenue.
Cvb Financial Financial Statement Overview
Summary
Cvb Financial exhibits a mixed financial performance. Income statement shows improved profitability despite declining revenue, while the balance sheet is strong with zero debt. However, cash flow issues and asset base contraction suggest challenges ahead.Income Statement
The income statement reveals a fluctuating revenue trend, with a notable decline in 2024 compared to 2023. Despite the revenue drop, net income improved significantly in 2024, leading to a higher net profit margin. However, the lack of EBITDA data for 2024 and the recent revenue decrease are concerning.―
Balance Sheet
The balance sheet shows strong equity with zero total debt in 2024, leading to an excellent debt-to-equity profile. The equity ratio remains healthy, indicating solid financial stability. However, the decrease in total assets over recent years could indicate potential contraction in asset base.78
Cash Flow
The cash flow statement highlights a stable operating cash flow in 2024 with no capital expenditures, resulting in positive free cash flow. However, the significant decline in free cash flow compared to 2023 is a potential risk factor.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 134.04M | 547.32M | 555.50M | 461.94M | 464.24M | Gross Profit |
| 134.04M | 665.66M | 555.50M | 461.94M | 464.24M | EBIT |
| 126.73M | 353.20M | 337.50M | 297.65M | 249.52M | EBITDA |
| 0.00 | 328.49M | 342.01M | 0.00 | 0.00 | Net Income Common Stockholders |
| 200.72M | 221.44M | 235.43M | 212.52M | 177.16M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.70B | 281.29M | 3.47B | 4.94B | 4.40B | Total Assets |
| 15.15B | 16.02B | 16.48B | 15.88B | 14.42B | Total Debt |
| 500.00M | 2.07B | 995.00M | 2.28M | 30.77M | Net Debt |
| -153.88M | 1.78B | 781.99M | -1.76B | -1.97B | Total Liabilities |
| 12.97B | 13.94B | 14.53B | 13.80B | 12.41B | Stockholders Equity |
| 2.19B | 2.08B | 1.95B | 2.08B | 2.01B |
| Cash Flow | Free Cash Flow | |||
| 249.76M | 291.11M | 268.37M | 190.56M | 180.42M | Operating Cash Flow |
| 249.76M | 295.63M | 273.73M | 195.24M | 185.10M | Investing Cash Flow |
| 852.75M | 864.95M | -1.18B | -1.73B | -1.27B | Financing Cash Flow |
| -1.18B | -754.08M | -625.85M | 1.31B | 2.86B |
Cvb Financial Technical Analysis
Positive
19.08
Price Trends
18.42
Positive
19.65
Negative
19.20
Negative
Market Momentum
0.18
Negative
60.87
Neutral
78.64
Neutral
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 19.08 is above the 20-day moving average (MA) of 17.80, above the 50-day MA of 18.42, and below the 200-day MA of 19.20, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 60.87 is Neutral, neither overbought nor oversold. The STOCH value of 78.64 is Neutral, 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 48 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
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.22B | 9.62 | 8.63% | 3.49% | -0.60% | 39.49% | |
75 Outperform | $2.16B | 10.43 | 9.16% | 3.78% | 1.42% | 2.77% | |
73 Outperform | $2.65B | 14.04 | 6.38% | 3.69% | 4.24% | -14.27% | |
71 Outperform | $2.54B | 14.33 | 8.19% | 2.96% | 7.16% | 17.97% | |
70 Outperform | $2.65B | 13.17 | 22.34% | 4.19% | -1.39% | -3.84% | |
64 Neutral | $12.61B | 9.78 | 8.01% | 16985.69% | 12.73% | -4.58% | |
58 Neutral | $2.42B | 16.54 | 4.20% | 5.48% | 2.90% | -12.63% |
* Financial Sector Average
Performance Comparison
CVBF
Cvb Financial
19.08
2.54
15.36%
BKU
BankUnited
33.80
5.87
21.02%
FRME
First Merchants
37.03
3.31
9.82%
INDB
Independent Bank
62.30
12.78
25.81%
SFNC
Simmons 1st Nat'l
19.24
2.03
11.80%
TOWN
TowneBank
33.82
7.20
27.05%
Cvb Financial Earnings Call Summary
Earnings Call Date:Apr 23, 2025
(Q1-2025)
| % Change Since: 1.60%|
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.Q1-2025 Updates
Positive Updates
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.
Negative Updates
Loan Portfolio Decline
Total loans decreased by $173 million from the end of the fourth quarter of 2024, and by $407 million or 4.6% from the first quarter of 2024, primarily due to a decline in dairy and livestock loans.
Increased Classified Loans
Classified loans increased to $94.2 million at the end of the first quarter of 2025, up from $89.5 million at the end of 2024, primarily due to a downgrade of $6.5 million of loans to a single dairy.
Higher Non-Interest Expenses
Non-interest expense for the first quarter of 2025 increased to $59.1 million from $58.5 million in the fourth quarter of 2024, driven by higher occupancy and equipment expenses and software expenditure.
Decline in Non-Maturity Deposit Costs
The cost of non-maturity deposits increased from 70 basis points in April 2024 to 76 basis points in March 2025.
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%.Cvb Financial Corporate Events
Financial Disclosures
CVB Financial Reports Strong Q1 2025 Earnings
Positive
Apr 24, 2025
CVB Financial Corp. announced that its President and CEO, along with the CFO, will present to institutional investors in the second quarter of 2025, with updated financial information from the first quarter. The company reported a net income of $51 million for Q1 2025, with a notable increase in noninterest deposits and a decline in dairy and livestock loans. The company’s financial stability is highlighted by its 192 consecutive quarters of profitability and strong capital ratios, positioning it well within the competitive banking industry.
Spark’s Take on CVBF Stock
According to Spark, TipRanks’ AI Analyst, CVBF is a Neutral.
CVB Financial’s overall stock score reflects a balance of strengths and challenges. Strong profitability and a robust balance sheet are key positives. However, technical indicators and cash flow challenges weigh on the score. Valuation is reasonable, and the earnings call provides cautious optimism, but declining revenue and loans present ongoing risks.
To see Spark’s full report on CVBF stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.