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

Issuer:     CVB FINANCIAL CORP (CVBF)
CIK:        0000354647
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001193125-25-010790
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 Q4 net income $50.9M ($0.36 EPS); FY2024 net income $200.7M ($1.44 EPS) down 9.4% from 2023
--------------------------------------------------------------------------------

- Net income $50.9M for Q4 2024 ($0.36 diluted EPS); full-year net income $200.7M ($1.44 EPS) vs $221.4M ($1.59 EPS) in 2023.
- Net interest margin 3.18% in Q4 (up from 3.05% in Q3); cost of funds decreased to 1.13% from 1.47%.
- Sale-leaseback of two buildings generated $16.8M pre-tax gain, offset by $16.7M loss on $155M AFS securities sale.
- Board authorized 10M share repurchase program; no shares repurchased in Q4.
- Noninterest-bearing deposits were 59% of total deposits; total deposits + repurchase agreements grew $505M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354647/000119312525010790/0001193125-25-010790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354647/000119312525010790/d920483d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-010790

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