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CVB Financial

OverviewSuggest Edit

CVB Financial Corporation operates as a bank holding company for Citizens Business Bank that provides banking, lending, trust, and investment services for small to mid-sized businesses and individuals. It operates in two segments, Business Financial and Commercial Banking Centers, and Dairy & Livestock and Agribusiness. The Company offers various deposit products, as well as serves as a federal tax depository for business customers. It also provides commercial and consumer financing products. In addition, the Company offers various specialized services and fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts.

TypePublic
Founded1974
HQOntario, CA, USMap
Websitecbbank.com
Employee Ratings2.9More
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Latest Updates

Revenue (FY, 2020)$49.9 M(-15%)
Share Price (Mar 2021)$22 (+3%)
Cybersecurity ratingAMore

Key People/Management at CVB Financial

Thomas L. Trine

Thomas L. Trine

Senior Vice President and Trust Services Manager
David A. Brager

David A. Brager

Chief Executive Officer & Director
Raymond V. O'Brien

Raymond V. O'Brien

Chairman, CVB Financial Corp.
E. Allen Nicholson

E. Allen Nicholson

Executive Vice President, Chief Financial Officer
Stephen E. Hill

Stephen E. Hill

Senior Vice President and Private Client Advisor
Stephen A. del Guercio

Stephen A. del Guercio

Director
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CVB Financial Office Locations

CVB Financial has an office in Ontario
Ontario, CA, US (HQ)
701 N Haven Ave
Show all (1)

CVB Financial Financials and Metrics

CVB Financial Revenue

CVB Financial's revenue was reported to be $49.87 m in FY, 2020
USD

Revenue (FY, 2020)

49.9m

Net income (FY, 2020)

177.2m

Market capitalization (1-Mar-2021)

3.0b

Closing stock price (1-Mar-2021)

22.0

Cash (31-Dec-2020)

2.0b
CVB Financial's current market capitalization is $3 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

34.2m15.9m25.3m36.4m33.5m35.6m42.1m43.5m59.0m49.9m

Revenue growth, %

(100%)101864%2%

Sales and marketing expense

5.0m4.9m4.7m5.2m5.0m5.0m4.8m5.3m5.9m4.5m

Operating expense total

22.2m19.0m19.8m21.6m21.5m22.4m22.8m21.9m23.2m22.4m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

10.0m6.0m7.5m5.3m2.3m2.6m6.7m7.7m5.0m11.5m7.1m8.0m8.0m8.3m8.4m8.7m9.3m9.2m8.7m10.8m10.0m12.9m9.7m10.1m16.3m18.2m11.9m11.6m12.2m13.2m

Sales and marketing expense

1.3m1.3m1.2m1.3m1.1m1.1m1.3m1.3m1.3m1.3m1.2m1.3m1.4m1.2m1.2m1.2m1.2m1.1m1.4m1.1m1.1m1.4m1.2m1.5m1.6m1.3m728.0k

Operating expense total

9.8m9.0m8.2m5.1m5.2m4.7m6.3m4.6m4.8m5.0m6.1m5.6m5.6m5.2m5.3m6.3m6.1m5.6m5.4m5.9m5.6m5.3m4.9m5.4m6.3m6.0m5.3m5.4m5.1m6.1m

Depreciation and amortization

127.0k122.0k193.0k466.0k268.0k239.0k220.0k1.7m2.9m2.8m2.6m2.4m2.4m2.3m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

345.3m98.4m94.7m105.8m106.1m121.6m144.4m163.9m185.5m2.0b

Accounts Receivable

3.2b3.3b3.8b4.0b22.3m4.8b7.7b7.5b8.3b

Inventories

PP&E

36.3m35.1m32.8m33.6m31.4m42.1m46.2m58.2m54.0m51.1m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

399.1m457.1m442.9m276.3m476.7m248.2m135.3m282.3m131.4m421.4m404.2m240.1m401.4m446.4m308.2m239.6m699.2m259.2m382.4m184.7m143.8m456.2m181.5m194.5m172.2m175.8m437.5m705.7m1.9b1.5b

Accounts Receivable

3.5b3.1b3.1b3.2b3.2b3.4b3.5b3.7b3.7b3.8b4.1b4.2b4.2b4.6b4.6b4.7b4.7b4.8b7.5b7.5b7.5b7.4b7.4b8.3b8.3b

PP&E

39.4m38.0m36.7m35.6m36.5m35.6m34.9m34.2m33.6m31.7m36.0m34.6m32.6m31.9m31.8m39.9m39.7m38.7m47.3m47.4m46.7m45.5m44.7m59.3m55.8m54.2m53.3m52.9m51.8m51.5m

Goodwill

55.1m55.1m55.1m55.1m55.1m55.1m55.1m55.1m55.1m55.1m74.8m74.2m74.2m74.2m74.2m88.2m88.2m88.2m119.2m119.2m116.6m116.6m116.6m662.9m666.5m663.7m663.7m663.7m663.7m663.7m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

81.7m77.3m95.6m104.0m99.1m101.4m104.4m152.0m207.8m177.2m

Depreciation and Amortization

9.6m7.5m2.4m559.0k(2.0m)3.8m(645.0k)8.3m22.0m(1.2m)

Cash From Operating Activities

130.0m154.8m111.8m87.7m105.6m123.3m139.6m168.4m208.2m185.1m

Purchases of PP&E

(1.7m)(4.3m)(2.4m)(1.9m)(1.9m)(12.6m)(4.9m)(4.2m)(5.5m)(4.7m)
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

16.6m37.6m60.0m22.3m45.9m55.1m21.6m46.1m70.3m28.7m54.1m78.4m15.8m42.6m70.5m23.4m48.9m74.4m28.5m56.9m86.6m34.9m70.3m108.8m156.5m38.0m79.6m127.1m

Depreciation and Amortization

2.6m5.0m7.3m2.2m4.0m5.8m831.0k1.6m2.0m354.0k858.0k488.0k(271.0k)(229.0k)(701.0k)137.0k1.7m3.1m558.0k(402.0k)(433.0k)257.0k354.0k(582.0k)5.7m7.8m17.0m5.2m3.7m2.2m

Cash From Operating Activities

5.8m12.5m51.9m34.6m84.5m115.3m8.3m53.2m72.8m29.0m32.3m66.2m28.1m49.6m85.4m31.3m58.6m98.2m57.1m66.4m107.5m40.4m68.3m116.6m54.5m82.6m147.4m75.5m97.1m138.0m

Purchases of PP&E

(309.0k)(459.0k)(679.0k)(711.0k)(2.9m)3.4m(1.1m)(1.5m)(2.1m)(301.0k)(964.0k)(1.7m)(157.0k)(485.0k)(1.2m)(911.0k)(2.0m)(2.3m)(998.0k)(2.5m)(3.1m)(716.0k)(1.2m)(3.5m)(1.5m)(2.6m)(3.1m)(882.0k)(1.5m)(2.4m)
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USDQ1, 2011

Financial Leverage

9.9 x
Show all financial metrics

CVB Financial Operating Metrics

CVB Financial's Total Loans was reported to be $4.7b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$32.19 m$23 m$22.22 m$23.65 m$21.02 m$18.14 m$17.47 m$8.67 m$7.15 m$10.35 m$12.22 m

Total Loans

$3.82 b$3.72 b$3.78 b$3.82 b$4.02 b$4.17 b$4.24 b$4.30 b$4.40 b$4.62 b$4.69 b
Show all operating metrics

CVB Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

Learn more about our premium products
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CVB Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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CVB Financial Online and Social Media Presence

CVB Financial's Trends

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CVB Financial News and Updates

February 10, 2021

CVB Financial Corp. Announces New Board Member

ONTARIO, Calif., Feb. 10, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (“CVBF”), the holding company for Citizens Business Bank (“CBB”), is pleased to announce the appointment of Jane Olvera as a Board Member, effective today. She was also named a Director of CBB. Ms. Olvera’s appointment increase…
December 16, 2020

CVB Financial Corp. Announces 125th Consecutive Cash Dividend

ONTARIO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the fourth quarter of 2020. The dividend was approved at the Company's regularly scheduled Board of Directors meeting hel…
July 19, 2018

CVB Financial Corporation's (CVBF) CEO Chris Myers on Q2 2018 Results - Earnings Call Transcript

 CVB Financial Frequently Asked Questions

  • When was CVB Financial founded?

    CVB Financial was founded in 1974.

  • Who are CVB Financial key executives?

    CVB Financial's key executives are Thomas L. Trine, David A. Brager and Raymond V. O'Brien.

  • What is CVB Financial revenue?

    Latest CVB Financial annual revenue is $49.9 m.

  • Who are CVB Financial competitors?

    Competitors of CVB Financial include Citizens Financial Group, 1st Source and Orrstown Financial Services.

  • Where is CVB Financial headquarters?

    CVB Financial headquarters is located at 701 N Haven Ave, Ontario.

  • Where are CVB Financial offices?

    CVB Financial has an office in Ontario.

  • How many offices does CVB Financial have?

    CVB Financial has 1 office.