secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001193125-23-195219
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CVB Financial Q2 2023 net income $55.8M ($0.40 EPS); deposits up $126M Q/Q
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- Net income $55.8M ($0.40 diluted EPS), down from $59.3M in Q1 2023 and $59.1M in Q2 2022.
- Net interest margin (TE) 3.22%, down from 3.45% Q/Q due to 23 bp increase in cost of funds.
- Deposits grew $125.7M Q/Q to $12.4B; noninterest-bearing deposits 63.55% of total deposits.
- Allowance for credit losses $87.0M (0.98% of loans); provision for credit losses $500k in Q2.
- Tangible book value per share $8.74; all regulatory capital ratios well above minimums.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312523195219/0001193125-23-195219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312523195219/d480926d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-195219

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