secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-111393
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 $48.6M ($0.35), down 18% YoY; NIM 3.10%
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- Net income $48.6M ($0.35 EPS), down 18% YoY from $59.3M; flat sequentially.
- NIM 3.10%, down 16bps Q/Q and 35bps YoY; cost of funds 1.31% vs 1.09% Q4.
- Total deposits +$461M Q/Q including $300M brokered; noninterest-bearing deposits 59.8% of total.
- Net loans -$134M (1.5%) from year-end; net charge-offs $4M; ACL 0.94% of loans.
- FDIC special assessment $2.3M in Q1; effective tax rate 27.25%; TCE ratio 8.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312524111393/0001193125-24-111393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312524111393/d805306d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-111393

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