secwatch.observer — SEC 8-K summary
======================================

Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001193125-24-184246
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 Q2 net income $50M ($0.36 EPS), down 10% YoY; NIM 3.05%, NPLs rise
--------------------------------------------------------------------------------

- Net earnings $50.0M, diluted EPS $0.36 vs $0.40 YoY and $0.35 QoQ. ROAA 1.24%, ROATCE 15.51%.
- Net interest margin 3.05%, down 5 bps QoQ and 17 bps YoY; cost of funds up to 1.38%.
- Average deposits up $245.3M QoQ; noninterest-bearing deposits 60.2% of total deposits.
- Nonperforming loans rose to $25.0M (0.29% of loans) from $13.8M at March 31, 2024.
- No provision for credit losses in Q2; net charge-offs only $31K; CET1 ratio >15%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312524184246/0001193125-24-184246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312524184246/d870472d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-184246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer