CVBF Stock - CVB Financial Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $658.69M | $665.66M | $561.94M | $467.83M | $478.53M |
| Gross Profit | $480.17M | $545.82M | $542.18M | $488.25M | $440.74M |
| Gross Margin | 72.9% | 82.0% | 96.5% | 104.4% | 92.1% |
| Operating Income | $271.24M | $315.43M | $328.35M | $297.65M | $249.52M |
| Net Income | $200.72M | $221.44M | $235.43M | $212.52M | $177.16M |
| Net Margin | 30.5% | 33.3% | 41.9% | 45.4% | 37.0% |
| EPS | $1.44 | $1.59 | $1.67 | $1.57 | $1.30 |
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 time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. The company also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, it offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. Further, the company provides trust services through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. As of December 31, 2021, it operated 58 banking centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California; and three trust offices located in Ontario, Newport Beach, and Pasadena, as well as two loan production offices in California's Central Valley and the Sacramento area. The company was founded in 1974 and is headquartered in Ontario, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 2nd 2024 | Keefe Bruyette | Upgrade | Outperform | $22← $20 |
| May 22nd 2024 | Janney | Downgrade | Neutral | - |
| April 22nd 2024 | Hovde Group | Downgrade | Market Perform | $18 |
| December 8th 2023 | Stephens | Initiation | Equal Weight | $21 |
| May 25th 2023 | Janney | Upgrade | Buy | - |
| October 21st 2022 | Keefe Bruyette | Downgrade | Market Perform | $32 |
Earnings History & Surprises
CVBFEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Jan 28, 2026 | $0.40 | — | — | — |
Q4 2025 | Oct 22, 2025 | $0.37 | $0.38 | +2.7% | ✓ BEAT |
Q3 2025 | Jul 23, 2025 | $0.35 | $0.36 | +2.9% | ✓ BEAT |
Q2 2025 | Apr 23, 2025 | $0.33 | $0.36 | +9.1% | ✓ BEAT |
Q1 2025 | Jan 22, 2025 | $0.34 | $0.36 | +5.9% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $0.35 | $0.37 | +5.7% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $0.34 | $0.36 | +5.9% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $0.35 | $0.35 | 0.0% | = MET |
Q1 2024 | Jan 24, 2024 | $0.38 | $0.39 | +2.6% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $0.40 | $0.42 | +5.0% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $0.39 | $0.40 | +2.6% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.44 | $0.42 | -4.5% | ✗ MISS |
Q1 2023 | Jan 25, 2023 | $0.48 | $0.47 | -2.1% | ✗ MISS |
Q4 2022 | Oct 19, 2022 | $0.44 | $0.46 | +4.5% | ✓ BEAT |
Q3 2022 | Jul 20, 2022 | $0.38 | $0.42 | +10.5% | ✓ BEAT |
Q2 2022 | Apr 20, 2022 | $0.30 | $0.31 | +3.3% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $0.31 | $0.35 | +12.9% | ✓ BEAT |
Q4 2021 | Oct 20, 2021 | $0.36 | $0.37 | +2.8% | ✓ BEAT |
Q3 2021 | Jul 21, 2021 | $0.35 | $0.38 | +8.6% | ✓ BEAT |
Latest News
DA Davidson Maintains Neutral on CVB Financial, Raises Price Target to $22.5
➖ NeutralCVB Financial Merges With Heritage Commerce In Transaction Valued At $811M
➖ NeutralCVB Financial Q3 EPS $0.38 Beats $0.37 Estimate, Sales $128.583M Beat $119.314M Estimate
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