CVB Financial Corp.
- Open
- 22.35
- Day high
- 22.57
- Day low
- 22.35
- Prev close
- 22.29
- Volume
- 19K
- Mkt cap
- $4.0B
- P/E (TTM)
- 14.8
- EPS (TTM)
- $1.52
- P/B
- 1.3
- P/S
- 5.6
- Yield
- 3.55%
- Per share
- $0.80
- ▼Insiders net selling -$242K over the last 3 months (2 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
CVB Financial Corp. (CVBF) is a Financial Services company listed on NASDAQ. The stock is up 12% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering CVBF.
CVB Financial Corp. (CVBF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CVBF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $0.30 | $0.29 | -3.3% | $179M | -1.5% |
| Apr 23, 2026 | $0.38 | $0.38 | +0.0% | $132M | -0.7% |
| Jan 21, 2026 | $0.40 | $0.40 | +0.3% | $130M | -0.9% |
| Oct 22, 2025 | $0.37 | $0.38 | +2.7% | $129M | -1.0% |
| Jul 23, 2025 | $0.35 | $0.36 | +2.9% | $126M | -3.0% |
| Apr 23, 2025 | $0.33 | $0.36 | +9.1% | $127M | +1.3% |
| Jan 22, 2025 | $0.34 | $0.36 | +5.9% | $107M | -5.0% |
| Oct 23, 2024 | $0.35 | $0.37 | +5.7% | $117M | -7.5% |
| Jul 24, 2024 | $0.34 | $0.36 | +5.9% | $125M | +7.7% |
| Apr 24, 2024 | $0.35 | $0.35 | +0.0% | $127M | +6.0% |
| Jan 24, 2024 | $0.38 | $0.39 | +2.6% | $139M | +12.7% |
| Oct 25, 2023 | $0.40 | $0.42 | +5.0% | $137M | +12.4% |
CVBF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 31, 2026 | Maddox Mikedirector | Buy | 10,000 | $22.03 |
| Aug 25, 2026 | Maddox Mikedirector | Grant | 3,138 | $22.57 |
| Aug 5, 2026 | Harvey David Cofficer: EVP Chief Operating Officer | Sell | 40,000 | $22.94 |
| Jul 28, 2026 | O Brien Raymond V IIIdirector | Buy | 20,000 | $22.77 |
| Jun 9, 2026 | WOHL RICHARD Hofficer: EVP & General Counsel | Tax | 8,944 | $20.50 |
| Jun 3, 2026 | DeAngelis Yamynnofficer: EVP Chief Risk Officer | Tax | 11,109 | $20.10 |
| May 22, 2026 | Borba George A Jrdirector | Buy | 48,894 | $20.45 |
| May 20, 2026 | Olvera Janedirector | Grant | 4,187 | — |
| May 20, 2026 | Kan Annadirector | Grant | 4,187 | — |
| May 20, 2026 | Del Guercio Stephen Adirector | Grant | 4,187 | — |
| May 20, 2026 | Ehrnman Roger Lynnofficer: EVP, Chief Risk Officer | Grant | 10,000 | — |
| May 20, 2026 | O Brien Raymond V IIIdirector | Grant | 4,187 | — |
| May 20, 2026 | Borba George A Jrdirector | Grant | 4,187 | — |
| May 20, 2026 | Oswalt Hal Wdirector | Grant | 4,187 | — |
| May 20, 2026 | Stephens Timothy Michaeldirector | Grant | 4,187 | — |
Source: CVBF SEC Form 4 filings, latest Aug 31, 2026. For informational purposes only — not investment advice.
See the full CVBF insider & 13F page →CVB Financial Corp. company profile
Overview
CVB Financial Corp. (NASDAQ:CVBF) is a California-based bank holding company founded in 1974 and headquartered in Ontario, California. The company operates through its primary subsidiary, Citizens Business Bank, which has built a reputation as a community-focused regional bank serving small to medium-sized businesses and individuals across Southern California and the Central Valley. CVB Financial has achieved remarkable consistency in profitability, reporting 192 consecutive quarters of earnings as of Q1 2025, representing 48 years of uninterrupted profitability—a testament to its conservative banking approach and disciplined risk management.
Business
CVB Financial operates in the regional banking industry, providing traditional commercial banking services through Citizens Business Bank. The company focuses primarily on relationship banking with small to medium-sized businesses, offering a comprehensive suite of financial products and services. The bank's core business segments include: 1. **Commercial Banking Services** (~70% of revenue): This encompasses commercial lending products including lines of credit, working capital financing, accounts receivable lending, and letters of credit. The bank also specializes in commercial real estate and construction loans, serving businesses across various industries in California. 2. **Agricultural Lending** (~5% of loan portfolio): CVB maintains a specialized focus on agricultural lending, particularly financing wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers. This niche expertise has been developed over decades and represents a competitive advantage in California's agricultural markets. 3. **Consumer Banking** (~15% of revenue): The bank offers traditional consumer products including checking and savings accounts, money market accounts, certificates of deposit, automobile financing, home mortgages, and home equity loans and lines of credit. 4. **Treasury Management and Specialized Services** (~10% of revenue): CVB provides sophisticated cash management solutions including treasury management systems for monitoring cash flow, merchant card processing, armored pick-up and delivery services, payroll services, remote deposit capture, electronic funds transfers, and online banking platforms. 5. **Trust and Wealth Management Services**: Through its CitizensTrust Division, the bank offers fiduciary services, mutual funds, annuities, 401(k) plan administration, and individual investment accounts, serving affluent individuals and businesses. The bank operates 58 banking centers primarily concentrated in California's Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley, along with three trust offices and two loan production offices.
Revenue model
CVB Financial generates revenue through traditional banking activities, primarily net interest income and fee-based services. The bank's business model centers on collecting deposits from customers and lending those funds at higher interest rates, capturing the net interest margin spread. **Primary Revenue Sources:** 1. **Net Interest Income** (~85% of total revenue): The bank earns interest on loans, securities, and other earning assets while paying interest on deposits and borrowings. With a net interest margin of 3.31% as of Q1 2025, CVB benefits from a large base of non-interest-bearing deposits (approximately 59% of total deposits), which significantly reduces funding costs. 2. **Fee Income** (~15% of total revenue): Non-interest income includes fees from treasury management services, trust services, loan servicing, merchant processing, and other banking services. **Customer Base and Payment Structure:** The bank's customers are primarily small to medium-sized businesses and affluent individuals who pay through various mechanisms including loan interest, deposit service fees, treasury management fees, and trust service fees. The relationship banking model emphasizes long-term customer relationships rather than transactional interactions. **Margin Influencing Factors:** **Positive Margin Drivers:** - Rising interest rate environment benefits asset-sensitive balance sheet structure - High percentage of non-interest-bearing deposits provides low-cost funding - Focus on floating-rate commercial loans that reprice quickly - Disciplined underwriting standards maintain low credit losses - California's diverse economy supports loan demand across multiple sectors **Negative Margin Pressures:** - Competition for deposits may increase funding costs during rate cycles - Economic downturns in California could impact loan demand and credit quality - Regulatory compliance costs continue to increase for regional banks - Technology investment requirements to compete with larger institutions - Potential deposit outflows to higher-yielding alternatives during rising rate periods
Competitive moat
CVB Financial's competitive moat is moderately strong, built primarily on deep local market knowledge, long-standing customer relationships, and operational efficiency, though it faces significant competitive pressures typical of regional banking. **Moat Strengths:** The bank's most significant competitive advantage lies in its **relationship banking model** and deep expertise in California's diverse economic markets, particularly in agricultural lending where it has developed specialized knowledge over decades. The company's 48-year track record of consecutive profitability demonstrates exceptional risk management capabilities and operational discipline that competitors struggle to match. CVB's high percentage of non-interest-bearing deposits (59% of total deposits) provides a substantial funding cost advantage, as these deposits represent "free" funding that many competitors cannot replicate due to weaker customer relationships. The bank's **geographic concentration** in California's economically diverse regions creates local market expertise that larger national banks often lack, while its focus on small to medium-sized businesses allows for more personalized service than what larger institutions typically provide. **Competitive Vulnerabilities:** However, CVB's moat faces several challenges. The regional banking industry is highly competitive with low barriers to entry for new competitors, particularly fintech companies offering specialized business banking services. Larger national banks possess greater resources for technology investment and can offer more comprehensive services, while credit unions often provide more attractive deposit rates. The bank's California concentration, while providing local expertise, also creates geographic risk and limits diversification opportunities. **Disruption Risks:** Digital banking platforms and fintech companies increasingly threaten traditional relationship banking models, particularly among younger business owners who may prefer digital-first solutions. Additionally, the rise of online-only banks offering higher deposit rates could erode CVB's deposit base advantage over time. The company's moat strength is moderate—sufficient to maintain market position but not insurmountable against well-funded competitors or technological disruption.
Risks & safety
CVB Financial demonstrates a strong margin of safety with conservative financial management and solid fundamentals, though typical banking industry risks remain. **Overall Assessment**: Strong financial position with minimal solvency risk and reasonable valuation metrics. **Solvency and Liquidity:** - **Cash Position**: $533 million in cash and short-term investments as of Q1 2025 - **Debt Level**: Debt-to-equity ratio of 0.35, indicating moderate leverage typical for regional banks - **Capital Ratios**: Well-capitalized with strong regulatory capital ratios - **Cash Flow**: Positive operating cash flow of $42 million in Q1 2025 and $250 million for FY 2024 - **Credit Quality**: Nonperforming loans decreased to $26.8 million, representing minimal credit risk **Valuation Metrics:** - **P/E Ratio**: 12.6x (Q1 2025), indicating reasonable valuation relative to earnings - **Price-to-Book**: 1.15x, suggesting trading near tangible book value - **Return on Equity**: 9.2% (FY 2024), demonstrating efficient capital utilization - **Dividend Yield**: Consistent dividend payments for 142 consecutive quarters **Other Considerations:** - 48-year profitability streak indicates exceptional operational consistency - California economic concentration creates geographic risk - Interest rate sensitivity could impact margins during rate cycle changes - Regulatory compliance costs continue to pressure regional banks
Recent development
Over the past few years, CVB Financial has pursued several strategic initiatives while maintaining its conservative approach to banking. The company completed the acquisition of Suncrest Bank in January 2022, which contributed to record earnings and expanded its market presence. This acquisition demonstrated CVB's ability to successfully integrate smaller institutions while maintaining operational efficiency. **Technology and Infrastructure Investment**: CVB has continued investing in technology infrastructure and process automation to enhance customer experience and operational efficiency. The bank has implemented remote deposit capture, enhanced online banking platforms, and improved treasury management systems to compete with larger institutions and fintech competitors. **Capital Management Strategy**: The company has become increasingly active in capital allocation, implementing a 10 million share repurchase program and purchasing 2.05 million shares at an average price of $18.13 in Q1 2025. Management has indicated confidence in potential merger and acquisition opportunities, particularly targeting banks in the $1-10 billion asset range, while maintaining disciplined approach to valuations. **Balance Sheet Optimization**: CVB executed strategic balance sheet moves including early redemption of $1.3 billion in bank term funding program borrowings and completed two sale-leaseback transactions in 2024, realizing gains of $16.8 million. These actions improved the bank's funding profile and reduced interest expense. **Market Positioning**: Despite challenging loan demand environment, the bank has maintained focus on high-quality commercial and industrial relationships and owner-occupied commercial real estate. Management reports improving loan pipelines and cautious optimism about achieving low single-digit loan growth, with loan production in April 2025 representing the strongest single month in over 14 months.
CVBF company profile · for informational purposes only — not investment advice.
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