CVB Financial

CVBF · Nasdaq · Financials · Financials, fiscal 2016 to 2025

CVBF · Last close · November 6, 2026

$22.74

CVB Financial's revenue rose 2.7% to $516 million in fiscal 2025. Net income was $209 million, up 4.3%. Its return on equity was 9.3%, down from 9.4% a year earlier. Its efficiency ratio was 46.0%, down from 46.5% a year earlier. It paid out $192 million in dividends and buybacks. The diluted share count fell 1.1%.

CVB FINANCIAL CORP. Latest fiscal year ended December 31, 2025 10-K filed February 27, 2026 · 0001193125-26-083221 Updated November 7, 2026

Revenue

$516M

2.7%

Net income

$209M

4.3%

Return on equity

9.3%

0.1 pts

Return on tangible equity

14.1%

0.5 pts

Efficiency ratio

46.0%

0.5 pts

Market cap

$4.0B

Nov 6 close

P/E

15.0x

On $1.52 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What CVB Financial does

CVB Financial is a bank holding company in California. Its main asset is its bank, Citizens Business Bank, National Association, which began operating in 1974 and changed from a California-chartered bank to a national bank on December 15, 2025. The holding company has no other significant activities, and its main source of funds is dividends from the bank.

The bank earns money mainly from lending and from fees for banking and trust services. It serves small and medium-sized businesses and their owners, professionals and individuals through banking centers across California, along with three trust offices that sell wealth management, trust and investment products. It offers checking, savings, money market and certificate of deposit accounts, and loans that include commercial, agribusiness, consumer, SBA, real estate and construction loans, plus equipment and vehicle leasing.

At the end of 2025 the company had $15.63 billion in total consolidated assets, $8.62 billion in net loans and $12.07 billion in deposits. It has agreed to a merger with Heritage Commerce Corp.

Its biggest risks, as it describes them

Its allowance for credit losses may not cover actual losses.
A decline in real estate values could shrink the value of the collateral behind its loans.
The merger with Heritage may not be completed, or may be hard to integrate.
An inability to raise funds through deposits, borrowings and other sources could hurt its liquidity.
Its dependence on key personnel, whose loss could hurt its prospects.

From CVB Financial's annual report on Form 10-K, filed February 27, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 5.5% a year and net income 8.4% a year, as new shares raised the share count by 27% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	7,823	8,994	8,818	—	—
Deposits	12,976	12,836	11,434	11,948	12,072
Loans to deposits	60.3%	70.1%	77.1%	—	—
Provision for credit losses	—	11	2	3	4
Provision to average loans	—	0.1%	0.0%	—	—
Total assets	15,884	16,476	16,021	15,154	15,631
Shareholders' equity	2,082	1,948	2,078	2,186	2,295

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project CVB Financial's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open CVB Financial's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 3 insiders bought $4.2 million of CVB Financial shares on the open market, and 1 insider sold $917,600.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Aug 31, 2026	Mike MaddoxDirector	Bought	10,000	$22.03	$220,300	Form 4
Aug 5, 2026	David C HarveyEVP Chief Operating Officer	Sold	40,000	$22.94	$917,600	Form 4
Jul 28, 2026	Brien Raymond O V IIIDirector	Bought	20,000	$22.77	$455,400	Form 4
May 22, 2026	George A Borba JrDirector	Bought	48,894	$20.45	$999,882	Form 4
May 19, 2026	George A Borba JrDirector	Bought	25,187	$19.85	$499,962	Form 4
May 14, 2026	George A Borba JrDirector	Bought	25,097	$19.92	$499,932	Form 4
May 12, 2026	George A Borba JrDirector	Bought	50,242	$19.90	$999,816	Form 4
Nov 14, 2025	George A Borba JrDirector	Bought	27,094	$18.45	$499,884	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put CVB Financial side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
CVB Financial	FY25	2.7%	40.6%	9.3%	14.1%	46.0%
First Commonwealth Financial	FY25	9.4%	29.1%	10.3%	14.0%	56.4%	Compare
Hope Bancorp	FY25	5.0%	12.3%	2.8%	3.6%	78.1%	Compare
Beacon Financial	FY25	38.2%	16.3%	4.9%	6.2%	70.5%	Compare
FB Financial	FY25	22.9%	21.9%	7.0%	8.4%	67.5%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	293	321	392	495	466	462	556	547	502	516
Revenue growth	2.2%	9.7%	22.3%	26.1%	−5.8%	−0.9%	20.3%	−1.5%	−8.3%	2.7%
Net interest income	257	279	349	436	416	414	506	488	447	460
Noninterest income	36	42	44	59	50	47	50	59	54	55
Noninterest expense	137	141	180	199	193	190	217	230	234	237
Provision for credit losses	—	—	—	—	24	—	11	2	3	4
Net income	101	104	152	208	177	212	235	221	201	209
Diluted EPS (US$)	0.94	0.95	1.24	1.48	1.30	1.56	1.67	1.59	1.44	1.52
Diluted shares (millions)	108	110	122	140	136	135	140	138	139	137
Payouts
Dividends paid	52	57	66	95	98	98	104	112	112	111
Share buybacks	2	1	8	3	93	8	46	21	3	81
Balance sheet at fiscal year end
Loans, net	4,334	4,771	7,701	7,496	8,255	7,823	8,994	8,818	—	—
Deposits	6,310	6,547	8,828	8,705	11,736	12,976	12,836	11,434	11,948	12,072
Total assets	8,074	8,271	11,529	11,282	14,419	15,884	16,476	16,021	15,154	15,631
Shareholders' equity	991	1,069	1,851	1,994	2,008	2,082	1,948	2,078	2,186	2,295
Ratios
Return on equity	10.6%	10.1%	10.4%	10.8%	8.8%	10.4%	11.7%	11.0%	9.4%	9.3%
Return on tangible common equity	11.5%	11.2%	14.2%	16.5%	13.2%	15.3%	18.0%	17.6%	14.6%	14.1%
Return on assets	1.3%	1.3%	1.5%	1.8%	1.4%	1.4%	1.5%	1.4%	1.3%	1.4%
Efficiency ratio	46.7%	43.8%	45.8%	40.2%	41.4%	41.1%	39.0%	42.0%	46.5%	46.0%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: CVB Financial's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with CVB Financial.