secwatch.observer — SEC 8-K summary
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Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001193125-24-242217
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CVB Financial Q3 net income $51.2M ($0.37 EPS), down 11.5% YoY; NIM unchanged at 3.05%
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- Net income $51.2M ($0.37 diluted EPS) vs $57.9M ($0.42) in Q3 2023; up 2.4% from Q2 2024.
- Net interest margin unchanged at 3.05% QoQ; cost of funds rose 9bps to 1.47%.
- Loans declined $109M (1.3%) QoQ; deposits and customer repos increased $408M.
- Sold $312M AFS securities for $11.6M pre-tax loss; sale-leaseback generated $9.1M gain.
- Repaid $1.3B Bank Term Funding Program borrowings; TCE ratio 9.7%, CET1 >15%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312524242217/0001193125-24-242217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312524242217/d841873d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-242217

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