CVB Financial Corporation

Financial Services auto loans banks commercial banks financial management holding company investment management leasing lending mortgages

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.

Market capitalization(2018-06-14)

$2.6 B

Total Loans(Q2, 2017)

$4.7 B

Type

Public

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

President and Chief Executive Officer

E. Nicholson

Executive Vice President and Chief Financial Officer

David Brager

Executive Vice President, Sales Division

David Farnsworth

Executive Vice President and Chief Credit Officer

David Harvey

Executive Vice President and Chief Operations Officer

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.

Summary

USD
Revenue (Q1, 2018)	85.6 m
Gross profit (Q1, 2018)	83.4 m
Gross profit margin (Q1, 2018), %	97.5%
Net income (Q1, 2018)	34.9 m
Market capitalization (14-Jun-2018)	2.6 b
Closing share price (14-Jun-2018)	23.5
Cash (31-Mar-2018)	456.2 m

CVB Financial Corporation's current market capitalization is $2.6 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	232.8 m	289.3 k	295 m	300.6 m
Revenue growth, %		(100%)	101864%	2%
Cost of goods sold	16.5 m	16.4 m	8.6 m	8 m	8.3 m
Gross profit	216.3 m	(16.1 m)	286.4 m	292.6 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	63 m	72.6 m	68.3 m	73.3 m	72.2 m	72.9 m	76.1 m	73.2 m	77.3 m	74.4 m	76.2 m	83.4 m	85.6 m
Cost of goods sold	4.1 m	4.1 m	4.1 m	4.1 m	3.2 m	1.8 m	1.8 m	2 m	2.1 m	2 m	2 m	2.1 m	2.2 m
Gross profit	58.9 m	68.4 m	64.2 m	69.2 m	69 m	71.1 m	74.3 m	71.2 m	75.2 m	72.3 m	74.2 m	81.3 m	83.4 m
Gross profit Margin, %	93%	94%	94%	94%	96%	98%	98%	97%	97%	97%	97%	97%	97%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	94.7 m	105.8 m	106.1 m	121.6 m	144.4 m
Accounts Receivable	22.1 m	23.2 m	22.7 m	22.3 m
Inventories
PP&E	32.8 m	33.6 m	31.4 m	42.1 m	46.2 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	131.4 m	421.4 m	404.2 m	240.1 m	401.4 m	446.4 m	308.2 m	239.6 m	699.2 m	259.2 m	382.4 m	184.7 m	456.2 m
PP&E	33.6 m	31.7 m	36 m	34.6 m	32.6 m	31.9 m	31.8 m	39.9 m	39.7 m	38.7 m	47.3 m	47.4 m	45.5 m
Goodwill	55.1 m	55.1 m	74.8 m	74.2 m	74.2 m	74.2 m	74.2 m	88.2 m	88.2 m	88.2 m	119.2 m	119.2 m	116.6 m
Total Assets	6.6 b	6.9 b	7.4 b	7.4 b	7.4 b	7.7 b	7.6 b	7.9 b	8.3 b	8 b	8.6 b	8.4 b	8.4 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	95.6 m	104 m	99.1 m	101.4 m	104.4 m
Depreciation and Amortization	1.1 m	1.1 m	949 k
Inventories
Accounts Payable

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Net Income	24.2 m	28.7 m	25.5 m	24.3 m	15.8 m	42.6 m	70.5 m	23.4 m	48.9 m	74.4 m	28.5 m	56.9 m	34.9 m
Depreciation and Amortization			193 k	466 k	268 k	239 k	220 k
Accounts Payable			1.2 m	1.1 m	306 k	321 k	273 k	275 k
Cash From Operating Activities						49.6 m	85.4 m	31.3 m	58.6 m	98.2 m	57.1 m	66.4 m	40.4 m

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Ratios

USD	Y, 2018
Financial Leverage	7.8 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, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 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