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CVB Financial Corp. operates as bank holding company for Citizens Business Bank, National Association, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. The company offers checking, savings, money market, and certificates of time deposit products for business and personal accounts, municipalities and districts, and specialized deposit products for title and escrow; and serves as a federal tax depository for business customers. It 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; consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans; and equipment and vehicle leasing services. In addition, the company offers various specialized services, such as treasury management systems for monitoring and managing cash flow, a 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; and foreign exchange and letters of credit services. Further, it provides financial and trust services, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. CVB Financial Corp. was founded in 1974 and is headquartered in Ontario, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $515M | - | $209M | $217M | 9.1% | 8.3% | 4.3% |
| 2024 | $476M | - | $201M | $245M | 9.2% | -13.0% | -9.4% |
| 2023 | $547M | - | $221M | $291M | 10.7% | -1.0% | -5.9% |
| 2022 | $553M | - | $235M | $268M | 12.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 552.78 | 547.32 | 475.92 | 515.46 |
| Operating Revenue | - | 552.78 | 547.32 | 475.92 | 515.46 |
| Selling General And Administration | - | 137.89 | 149.17 | 155.07 | 154.53 |
| Interest Income | - | 513.46 | 604.47 | 628.56 | 591.60 |
| Interest Expense | - | 9.15 | 118.34 | 182.76 | 133.01 |
| Net Interest Income | - | 504.31 | 486.13 | 445.80 | 458.58 |
| Pretax Income | - | 328.35 | 315.43 | 271.24 | 281.69 |
| Tax Provision | - | 92.92 | 94 | 70.52 | 72.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.93 | 0 | 6.73 | 0.19 |
| Net Income Continuous Operations | - | 235.42 | 221.44 | 200.72 | 209.30 |
| Net Income From Continuing And Discontinued Operation | - | 235.42 | 221.44 | 200.72 | 209.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 235.42 | 221.44 | 200.72 | 209.30 |
| Net Income | - | 235.42 | 221.44 | 200.72 | 209.30 |
| Net Income Common Stockholders | - | 233.92 | 219.89 | 199.27 | 207.92 |
| Net Income Including Noncontrolling Interests | - | 235.42 | 221.44 | 200.72 | 209.30 |
| Normalized Income | - | 237.79 | 221.44 | 181.55 | 208.75 |
| Diluted NI Availto Com Stockholders | - | 233.92 | 219.89 | 199.27 | 207.92 |
| Basic Average Shares | - | 139.65 | 138.33 | 138.41 | 136.76 |
| Diluted Average Shares | - | 140.01 | 138.46 | 138.58 | 137.05 |
| Reconciled Depreciation | - | 13.66 | 18.17 | 15.37 | 14.78 |
| Total Unusual Items | - | -3.30 | 0 | 25.90 | 0.74 |
| Total Unusual Items Excluding Goodwill | - | -3.30 | 0 | 25.90 | 0.74 |
| Special Income Charges | - | -3.30 | 0 | 25.90 | -1.56 |
| Other Special Charges | -0.19 | -2.72 | - | -25.90 | - |
| Restructuring And Mergern Acquisition | - | 6.01 | 0 | 0 | 1.56 |
| Gain On Sale Of Security | - | 0 | 0 | -28.32 | -10.97 |
| Depreciation Amortization Depletion Income Statement | - | 7.57 | 6.45 | 5.32 | 4.19 |
| Depreciation And Amortization In Income Statement | - | 7.57 | 6.45 | 5.32 | 4.19 |
| General And Administrative Expense | - | 131.60 | 142.42 | 147.76 | 147.65 |
| Other Gand A | 11.58 | - | - | - | - |
| Salaries And Wages | - | 131.60 | 140.39 | 145.74 | 145.71 |
| Insurance And Claims | - | - | 2.02 | 2.02 | 1.94 |
| Selling And Marketing Expense | - | 6.30 | 6.76 | 7.31 | 6.88 |
| Otherunder Preferred Stock Dividend | - | 1.51 | 1.55 | 1.44 | 1.38 |
| Amortization | - | 7.57 | 6.45 | 5.32 | 4.19 |
| Amortization Of Intangibles Income Statement | - | 7.57 | 6.45 | 5.32 | 4.19 |
| Occupancy And Equipment | - | 22.74 | 22.11 | 23.41 | 23.82 |
| Professional Expense And Contract Services Expense | - | 9.36 | 9.08 | 10.48 | 9.25 |
| Other Non Interest Expense | - | 32.98 | 43.57 | 40.55 | 41.92 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CVB Financial Corp.this co. | CVBF | $3.6B | 17.23↑ premium | 1.57 | 9.1% | - |
| Cohen & Steers, Inc. | CNS | $3.8B | 24.67 | 6.73 | 27.3% | 17.84 |
| First BanCorp. | FBP | $3.8B | 10.90 | 1.91 | 17.5% | - |
| Renasant Corporation | RNST | $3.7B | 20.64 | 0.96 | 4.7% | - |
| WSFS Financial Corporation | WSFS | $3.7B | 12.89 |
| - |
| - |
| - |
| - |
| - |
| 1.35 |
| 10.5% |
| - |
| BancFirst Corporation | BANF | $3.7B | 15.37 | 1.99 | 13.0% | - |
| Bread Financial Holdings, Inc. | BFH | $3.7B | 7.11 | 1.11 | 15.6% | 4.25 |
| First Interstate BancSystem, Inc. | FIBK | $3.5B | 11.49 | 1.01 | 8.8% | - |
| BankUnited, Inc. | BKU | $3.4B | 12.80 | 1.13 | 8.8% | - |
| Peer Median | - | 12.84 | 1.24 | 11.7% | 11.05 | |