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.

Type
Public
HQ
Ontario, US
Founded
1974
Size (employees)
585 (est)
Website
cbbank.com
CVB Financial Corporation was founded in 1974 and is headquartered in Ontario, US
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Key People/Management at CVB Financial Corporation

Christopher Myers

Christopher Myers

President and Chief Executive Officer
E. Nicholson

E. Nicholson

Executive Vice President and Chief Financial Officer
David Brager

David Brager

Executive Vice President, Sales Division
David Farnsworth

David Farnsworth

Executive Vice President and Chief Credit Officer
David Harvey

David Harvey

Executive Vice President and Chief Operations Officer
R. Banis

R. Banis

Executive Vice President and Head of CitizensTrust
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CVB Financial Corporation Office Locations

CVB Financial Corporation has offices in San Diego, El Segundo, Torrance, Camarillo and in 20 other locations
Ontario, US (HQ)
701 N Haven Avenue
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CVB Financial Corporation Financials and Metrics

CVB Financial Corporation Financials

CVB Financial Corporation's revenue was reported to be $300.60 m in FY, 2016 which is a 1.9% increase from the previous period.
USD

Net income (FY, 2017)

104.4 m

Market capitalization (25-Apr-2018)

2.6 b

Cash (31-Dec-2017)

144.4 m
CVB Financial Corporation's current market capitalization is $2.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

232.8 m289.3 k295 m300.6 m

Revenue growth, %

(100%)101864%2%

Cost of goods sold

16.5 m16.4 m8.6 m8 m8.3 m

Gross profit

216.3 m(16.1 m)286.4 m292.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

63 m72.6 m68.3 m73.3 m72.2 m72.9 m76.1 m73.2 m77.3 m74.4 m76.2 m83.4 m

Cost of goods sold

4.1 m4.1 m4.1 m4.1 m3.2 m1.8 m1.8 m2 m2.1 m2 m2 m2.1 m

Gross profit

58.9 m68.4 m64.2 m69.2 m69 m71.1 m74.3 m71.2 m75.2 m72.3 m74.2 m81.3 m

Gross profit Margin, %

93%94%94%94%96%98%98%97%97%97%97%97%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

94.7 m105.8 m106.1 m121.6 m144.4 m

Accounts Receivable

22.1 m23.2 m22.7 m22.3 m

Inventories

PP&E

32.8 m33.6 m31.4 m42.1 m46.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

131.4 m421.4 m404.2 m240.1 m401.4 m446.4 m308.2 m239.6 m699.2 m259.2 m382.4 m184.7 m

PP&E

33.6 m31.7 m36 m34.6 m32.6 m31.9 m31.8 m39.9 m39.7 m38.7 m47.3 m47.4 m

Goodwill

55.1 m55.1 m74.8 m74.2 m74.2 m74.2 m74.2 m88.2 m88.2 m88.2 m119.2 m119.2 m

Total Assets

6.6 b6.9 b7.4 b7.4 b7.4 b7.7 b7.6 b7.9 b8.3 b8 b8.6 b8.4 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

95.6 m104 m99.1 m101.4 m104.4 m

Depreciation and Amortization

1.1 m1.1 m949 k

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

24.2 m28.7 m25.5 m24.3 m15.8 m42.6 m70.5 m23.4 m48.9 m74.4 m28.5 m56.9 m

Depreciation and Amortization

193 k466 k268 k239 k220 k

Accounts Payable

1.2 m1.1 m306 k321 k273 k275 k

Cash From Operating Activities

49.6 m85.4 m31.3 m58.6 m98.2 m57.1 m66.4 m
USDY, 2017

Financial Leverage

7.7 x
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CVB Financial Corporation Operating Metrics

CVB Financial Corporation'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
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