secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-014581
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312524014581/0001193125-24-014581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312524014581/d693414d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-014581

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