secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001193125-23-119609
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312523119609/0001193125-23-119609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312523119609/d284470d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-119609

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