---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-014581"
form_type: "8-K"
ticker: "CVBF"
cik: "0000354647"
company_name: "CVB FINANCIAL CORP"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:39:54.896659+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CVB Financial Q4 net income $48.5M ($0.35 EPS) down 27% YoY; FDIC special assessment $9.2M

## Summary
- Q4 net earnings $48.5M, diluted EPS $0.35 vs $0.42 prior Q and $0.47 year ago; full year EPS $1.59 vs $1.67.
- FDIC special assessment of $9.2M reduced Q4 EPS by $0.04; noninterest expense rose to $65.9M from $55.1M prior Q.
- Net interest margin 3.26% in Q4 vs 3.31% prior Q and 3.69% year ago; cost of funds rose to 1.09% from 0.92%.
- Nonperforming loans increased to $21.3M (0.24% of loans) from $10.0M (0.11%) at Sept 30, 2023.
- Deposits declined $923M from prior Q to $11.71B; noninterest-bearing deposits were 63% of total.

## SEC filing metadata
- accession: 0001193125-24-014581
- form_type: 8-K
- ticker: CVBF
- cik: 0000354647
- company_name: CVB FINANCIAL CORP
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354647/000119312524014581/0001193125-24-014581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354647/000119312524014581/d693414d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-014581
- JSON: https://secwatch.observer/filing/0001193125-24-014581.json
- Plain text: https://secwatch.observer/filing/0001193125-24-014581.txt

## Key facts
- Earnings Releases
  CVB FINANCIAL CORP reported year ended December 31, 2023 results: net income $221.4 million, EPS $1.59 per share.
  - Period: year ended December 31, 2023
  - Net income: $221.4 million
  - EPS: $1.59 per share
  - Result: reported results
  source text: For the year ended December 31, 2023, the Company reported net income of $221.4 million, compared with $235.4 million for the year ended December 31, 2022. Diluted earnings per share were $1.59 for the year ended December 31, 2023, compared to $1.67 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354647/000119312524014581/0001193125-24-014581-index.htm
- Earnings Releases
  CVB FINANCIAL CORP reported quarter ended December 31, 2023 results: net income $48.5 million, EPS $0.35 per share.
  - Period: quarter ended December 31, 2023
  - Net income: $48.5 million
  - EPS: $0.35 per share
  - Result: reported results
  source text: CVB Financial Corp. reported net income of $48.5 million for the quarter ended December 31, 2023, compared with $57.9 million for the third quarter of 2023 and $66.2 million for the fourth quarter of 2022. Diluted earnings per share were $0.35 for the fourth quarter, compared to $0.42 for the prior quarter and $0.47 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354647/000119312524014581/0001193125-24-014581-index.htm

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