other material
confidence high
sentiment positive
materiality 0.60
CVB Financial authorizes new 15M share repurchase program, replacing prior plan
CVB FINANCIAL CORP
- New authorization permits repurchase of up to 15,000,000 shares of CVBF common stock.
- Replaces 2024 repurchase program which had 5,678,223 shares remaining; prior plan terminated.
- Program runs up to 5 years; may use 10b5-1 plans, open market or private transactions.
- CEO cites robust capital position, consistent earnings, and long-term shareholder value focus.