---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-119609"
form_type: "8-K"
ticker: "CVBF"
cik: "0000354647"
company_name: "CVB FINANCIAL CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:42:05.944368+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CVB Financial Q1 net income $59.3M; EPS $0.42; NIM 3.45% down 24 bps QoQ

## Summary
- Net earnings $59.3M ($0.42 diluted EPS) vs $66.2M ($0.47) in Q4 2022; provision for credit losses $1.5M.
- NIM 3.45% vs 3.69% in Q4 2022; cost of funds rose to 0.49% from 0.13% due to higher short-term borrowings.
- Total deposits and customer repos $12.76B, down 4.8% from Q4 2022; noninterest-bearing deposits were 63.9% of total.
- Repurchased 791,800 shares at avg $23.43 ($18.5M) under 10b5-1 plan that expired March 2, 2023.
- ACL increased to 0.97% of loans from 0.94%; nonperforming loans $6.2M (0.07% of loans).

## SEC filing metadata
- accession: 0001193125-23-119609
- form_type: 8-K
- ticker: CVBF
- cik: 0000354647
- company_name: CVB FINANCIAL CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354647/000119312523119609/0001193125-23-119609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354647/000119312523119609/d284470d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-119609
- JSON: https://secwatch.observer/filing/0001193125-23-119609.json
- Plain text: https://secwatch.observer/filing/0001193125-23-119609.txt

## Key facts
- Earnings Releases
  CVB FINANCIAL CORP reported the quarter ended March 31, 2023 results: net income $59.3 million, EPS $0.42.
  - Period: the quarter ended March 31, 2023
  - Net income: $59.3 million
  - EPS: $0.42
  - Result: reported results
  source text: CVB Financial Corp. reported net income of $59.3 million for the quarter ended March 31, 2023, compared with $66.2 million for the fourth quarter of 2022 and $45.6 million for the first quarter of 2022. Diluted earnings per share were $0.42 for the first quarter of 2023, compared to $0.47 for the prior quarter and $0.31 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354647/000119312523119609/0001193125-23-119609-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.