Highest-materiality recent filing
CVB Financial authorizes new 15M share repurchase program, replacing prior plan
New authorization permits repurchase of up to 15,000,000 shares of CVBF common stock.
CVB Financial renews CEO David Brager contract through June 2029 with enhanced terms
Third Amended Employment Agreement extends term to June 30, 2029, two years ahead of prior expiration.
CVBF closes Heritage acquisition; pro forma 2025 net income $241M, assets $21.5B
Merger closed April 17, 2026; 0.65 exchange ratio; ~40.8M CVBF shares issued; total consideration $843.7M.
CVB Financial completes all-stock acquisition of Heritage Commerce; assets exceed $20B
CVBF issued ~41M shares to Heritage shareholders at 0.65 exchange ratio; total assets rise to >$20B
CVBF receives all regulatory approvals for HTBK merger; closing set for April 17
Federal Reserve issued Section 3 waiver and non-objection; OCC approved bank merger.
CVBF supplements merger proxy with disclosure updates and executive severance details
Three lawsuits filed in NY and CA alleging disclosure deficiencies; company deems claims meritless, provides supplemental disclosures.
CVBF to acquire Heritage Commerce Corp in stock deal valued at ~$811M; Clay Jones named President
Heritage shareholders receive 0.65 CVBF shares per share; implied ~$13.00/share based on Dec 16 close.
CVBF to acquire Heritage Commerce Corp in all-stock ~$811M deal, ~$13.00/HTBK share
All-stock transaction valued at ~$811M ($13.00/HTBK share); HTBK holders receive 0.65 CVBF shares each.
CVB Financial Q1 EPS $0.36, net income $51.1M; NIM expands 13bps, loans shrink
Diluted EPS $0.36 (flat QoQ); net income $51.1M vs $50.9M Q4'24 and $48.6M Q1'24.
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.
CVB Financial authorizes repurchase of up to 10 million shares, replacing prior program
Board authorized repurchase of up to 10,000,000 common shares under 2024 Repurchase Program.
CVB Financial Q3 net income $51.2M ($0.37 EPS), down 11.5% YoY; NIM unchanged at 3.05%
Net income $51.2M ($0.37 diluted EPS) vs $57.9M ($0.42) in Q3 2023; up 2.4% from Q2 2024.
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%.
CVB Financial Q1 net income $48.6M ($0.35), down 18% YoY; NIM 3.10%
Net income $48.6M ($0.35 EPS), down 18% YoY from $59.3M; flat sequentially.
CVB Financial Q4 net income $48.5M ($0.35 EPS) down 27% YoY; FDIC special assessment $9.2M
Q4 net earnings $48.5M, diluted EPS $0.35 vs $0.42 prior Q and $0.47 year ago; full year EPS $1.59 vs $1.67.
CVBF Q3 2023 net income $57.9M ($0.42 EPS), down 10.4% YoY; NIM expands to 3.31%
Net income $57.9M ($0.42 diluted EPS) vs $64.6M ($0.46) in Q3 2022; ROATCE 18.82%, ROAA 1.40%.
CVB Financial Q2 2023 net income $55.8M ($0.40 EPS); deposits up $126M Q/Q
Net income $55.8M ($0.40 diluted EPS), down from $59.3M in Q1 2023 and $59.1M in Q2 2022.
CVB Financial Q1 net income $59.3M; EPS $0.42; NIM 3.45% down 24 bps QoQ
Net earnings $59.3M ($0.42 diluted EPS) vs $66.2M ($0.47) in Q4 2022; provision for credit losses $1.5M.
CVB Financial reports record Q4 net income of $66.2M, EPS $0.47; NIM expands to 3.69%
Full year 2022 net income $235.4M, up 11% YoY; diluted EPS $1.67 vs $1.56.
On May 20, 2026, CVB Financial Corp. (the “Company”) received notice that Richard Wohl will retire from his role as Executive Vice President and General Counsel of the Company and its principal subsidiary, Citizens Business Bank, National Association, effective on June 5, 2026.
appointed Ms. Sheryl P. Laygo as CVBF's and the Bank's Senior Vice President and Chief Accounting Officer, effective as of the same date.
succeeding Francene LaPoint, who announced her resignation on October 21, 2024, effective November 22, 2024.
On October 21, 2024, Francene LaPoint, Senior Vice President and Chief Accounting Officer of CVB Financial Corp. (“CVBF”) and its wholly-owned subsidiary, Citizens Business Bank (the “Bank,” and collectively with CVBF, the “Company”), gave notice of her intention to resign from the Company for another opportunity, effective November 22, 2024.
E. Allen Nicholson, the Company’s current Executive Vice President and Chief Financial Officer and the Company’s principal financial officer, will also serve as the Company’s principal accounting officer following the effective date of Ms. LaPoint’s resignation on an interim basis until a qualified successor is appointed.
On June 15, 2022, the Board of Directors of CVB Financial Corp. (the “Company”) appointed Ms. Kimberly Sheehy as a Board Member, effective as of the same date.
On February 23, 2022, Kristina M. Leslie and Marshall V. Laitsch, notified CVB Financial Corp. (the “Company”) and its wholly-owned subsidiary, Citizens Business Bank (the “Bank”), that they will be retiring as members of the Company’s and the Bank’s respective Boards of Directors
On February 23, 2022, Kristina M. Leslie and Marshall V. Laitsch, notified CVB Financial Corp. (the “Company”) and its wholly-owned subsidiary, Citizens Business Bank (the “Bank”), that they will be retiring as members of the Company’s and the Bank’s respective Boards of Directors
has promoted David C. Harvey, the Bank’s current Executive Vice President and Chief Operations Officer, to the new position of Executive Vice President and Chief Operating Officer. This promotion was effective on February 23, 2022.
the respective Boards of Directors of CVBF and CBB decided to modify the position of David A. Brager from Chief Executive Officer to President and Chief Executive Officer.
Brian T. Mauntel notified Citizens Business Bank (CBB), the principal banking subsidiary of CVB Financial Corp. (CVBF), of his resignation as President, with such resignation to be effective on November 19, 2021.
Max materiality 0.90 · Median 0.40 · Most common event earnings