secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001193125-23-263470
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CVBF Q3 2023 net income $57.9M ($0.42 EPS), down 10.4% YoY; NIM expands to 3.31%
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- Net income $57.9M ($0.42 diluted EPS) vs $64.6M ($0.46) in Q3 2022; ROATCE 18.82%, ROAA 1.40%.
- Net interest margin 3.31% (+9 bps QoQ) driven by asset yield improvement; efficiency ratio 39.99%.
- Total deposits +$278M average QoQ; noninterest-bearing deposits 61.4% of total; cost of deposits 0.52%.
- ACL ratio 1.00% after $2M provision; nonperforming loans rose to $10M from $6.5M prior quarter.
- CET1 ratio 14.4%, TCE 7.7%; tangible book value $8.39; no share repurchases in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312523263470/0001193125-23-263470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312523263470/d534161d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-263470

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