CVB Financial Corp.

NasdaqGS:CVBF 주식 리포트

시가총액: US$3.5b

CVB Financial 향후 성장

Future 기준 점검 5/6

CVB Financial은 연간 수입과 매출이 각각 28%와 23.4% 증가할 것으로 예상되고 EPS는 연간 13.4%만큼 증가할 것으로 예상됩니다.

핵심 정보

28.0%

이익 성장률

13.35%

EPS 성장률

Banks 이익 성장8.2%
매출 성장률23.4%
향후 자기자본이익률n/a
애널리스트 커버리지

Low

마지막 업데이트27 Apr 2026

최근 향후 성장 업데이트

분석 기사 • Jan 27

CVB Financial Corp. (NASDAQ:CVBF) Yearly Results: Here's What Analysts Are Forecasting For This Year

Last week, you might have seen that CVB Financial Corp. ( NASDAQ:CVBF ) released its full-year result to the market...

Recent updates

내러티브 업데이트 • Apr 26

CVBF: Heritage Commerce Merger And Buybacks Will Support Future Earnings Repricing

Analysts lifted their fair value estimate for CVB Financial's shares to $23.80 from $23.50, citing updated assumptions for revenue growth, profit margins, the discount rate, and the future P/E multiple that they view as better reflecting the company's current outlook. Analyst Commentary Recent research commentary around the US$23.80 fair value estimate for CVB Financial points to a mix of supportive and cautious views.
내러티브 업데이트 • Jan 27

CVBF: Heritage Commerce Deal And Buybacks Will Reshape Future Earnings Profile

Narrative Update on CVB Financial Analysts have lifted their price target on CVB Financial by $0.70 to $23.50, citing updated assumptions for revenue growth of 24.08%, a profit margin of 41.14% and a future P/E of 8.74. They also note support from recent Street research, including a higher target at Keefe Bruyette and positive views on the Heritage Commerce acquisition.
분석 기사 • Dec 19

CVB Financial (NASDAQ:CVBF) Will Pay A Dividend Of $0.20

The board of CVB Financial Corp. ( NASDAQ:CVBF ) has announced that it will pay a dividend of $0.20 per share on the...
Seeking Alpha • Oct 29

CVB Financial: Earnings Outlook Remains Stable, Maintaining A Buy Rating

Summary The factors that will buoy loan growth are: strong pipelines, anticipation of CRE price decline, and team expansion. The margin will likely remain stable. It is barely sensitive to rate changes. I’m expecting earnings to be largely stable. I’m maintaining a buy rating based on a price upside of 8.2% and dividend yield of 4.2%. Read the full article on Seeking Alpha
분석 기사 • Sep 21

CVB Financial (NASDAQ:CVBF) Will Pay A Dividend Of $0.20

CVB Financial Corp. ( NASDAQ:CVBF ) will pay a dividend of $0.20 on the 16th of October. This makes the dividend yield...
분석 기사 • Jun 29

CVB Financial (NASDAQ:CVBF) Has Announced A Dividend Of $0.20

CVB Financial Corp. ( NASDAQ:CVBF ) has announced that it will pay a dividend of $0.20 per share on the 24th of July...
분석 기사 • Dec 21

CVB Financial (NASDAQ:CVBF) Has Announced A Dividend Of $0.20

The board of CVB Financial Corp. ( NASDAQ:CVBF ) has announced that it will pay a dividend of $0.20 per share on the...
User avatar
새로운 내러티브 • Sep 24

Enduring Dividends And Operational Efficiency Clashes With Looming Revenue And Profit Challenges

Strategic reductions in noninterest expenses and efficient capital management indicate improved operational efficiency and future earnings enhancement.
분석 기사 • Sep 20

CVB Financial (NASDAQ:CVBF) Has Announced A Dividend Of $0.20

CVB Financial Corp.'s ( NASDAQ:CVBF ) investors are due to receive a payment of $0.20 per share on 14th of October. The...
분석 기사 • Jul 01

CVB Financial (NASDAQ:CVBF) Has Announced A Dividend Of $0.20

The board of CVB Financial Corp. ( NASDAQ:CVBF ) has announced that it will pay a dividend of $0.20 per share on the...
Seeking Alpha • Jun 07

CVB Financial: Attractively Valued, But Earnings Likely To Dip

Summary The upcoming falling interest-rate environment will likely squeeze the margin. I’m expecting earnings to fall by 12% to $1.39 per share. The year-end target price suggests an upside of around 12.7%. CVBF is offering a good dividend yield of 4.8%. Read the full article on Seeking Alpha
Seeking Alpha • Mar 15

CVB Financial: Navigating Through A Tough CRE Backdrop

Summary CVB Financial Corp. has seen a 25% decline in its shares since December 2023 due to concerns about the regional bank sector. Despite this, CVB Financial had its second most profitable year in 2023 and has been consistently profitable since 1977. The bank has a conservative approach, targeting privately held businesses in California, but its high exposure to commercial real estate is a concern. With low valuations, a nearly five percent dividend yield, and recent insider buying; the stock merited further investigation. A full investment analysis of CVB Financial follows in the paragraphs below. Read the full article on Seeking Alpha
분석 기사 • Jan 27

CVB Financial Corp. (NASDAQ:CVBF) Yearly Results: Here's What Analysts Are Forecasting For This Year

Last week, you might have seen that CVB Financial Corp. ( NASDAQ:CVBF ) released its full-year result to the market...
분석 기사 • Sep 24

CVB Financial's (NASDAQ:CVBF) Dividend Will Be $0.20

The board of CVB Financial Corp. ( NASDAQ:CVBF ) has announced that it will pay a dividend of $0.20 per share on the...
Seeking Alpha • Oct 19

CVB Financial GAAP EPS of $0.46 beats by $0.02, revenue of $144.93M beats by $1.63M

CVB Financial press release (NASDAQ:CVBF): Q3 GAAP EPS of $0.46 beats by $0.02. Revenue of $144.93M (+27.4% Y/Y) beats by $1.63M.
Seeking Alpha • Oct 08

CVB Financial: Prospects Of Strong Earnings Growth Appear Priced In

Summary Mostly thanks to very sticky deposit costs, the margin will significantly expand as market interest rates rise. Loan growth will likely dip from the second quarter’s level. However, California’s economic activity will likely keep it at a decent level. The December 2022 target price suggests a sizable downside from the current market price. Further, CVBF is offering a decent dividend yield. Earnings of CVB Financial Corp. (CVBF) will significantly benefit from rising interest rates as the deposit cost is highly sticky. Further, California’s economic activity will likely sustain loan growth, which will provide some support to the bottom line. Overall, I'm expecting CVB Financial to report earnings of $1.58 per share for 2022, up 1% year-over-year. For 2023, I'm expecting earnings to surge by 23% to $1.93 per share. The year-end target price suggests a sizable downside from the current market price. Based on the total expected return, I'm adopting a hold rating on CVB Financial. Deposit Costs to Remain Unaffected by Rising Interest Rates CVB Financial Corp’s deposit cost is very sticky because the deposit book is heavy on non-interest-bearing deposits. These deposits made up a massive 63% of total deposits at the end of June 2022. It is therefore no surprise that the deposit costs increased by only one basis point during the second quarter of the year as the federal funds rate increased by 125 basis points. During the last rate up-cycle as well the deposit costs remained quite sticky. The management mentioned in the latest conference call that the cost of funds increased by only eight basis points during the last rate cycle when short-term rates grew by 225 basis points. Meanwhile, loans will take some time to reprice due to the presence of some fixed-rate loans. The results of the management's interest-rate sensitivity analysis given in the 10-Q filing show that a 200-basis points hike in interest rates can boost the net interest income by 5.46% during the first year, and 9.93% during the first two years of the rate hike. 2Q 2022 10-Q Filing Considering these factors, I'm expecting the margin to grow by 25 basis points in the second half of 2022 and 30 basis points in 2023. California’s Economy to Play a Key Role in Loan Growth CVB Financial Corp’s loan portfolio grew by 1.1% during the second quarter of 2022, taking the first half’s loan growth to 10.1%. The growth in the first half of the year was mostly attributable to the acquisition of Suncrest Bank. The company has historically relied on acquisitions for growth. These acquisitions include not just whole banks but also banking teams. Apart from acquired growth, CVB Financial Corp’s loan growth has remained lackluster. I'm expecting organic growth to continue to remain low in future quarters. High borrowing costs will further hurt the loan growth outlook. On the other hand, strong economic activity bodes well for credit demand in CVB Financial Corp’s markets. The company has locations all over California, with a majority clustered in Los Angeles. As shown below, the trend line for California’s coincident economic activity index is now steeper than before the pandemic. Federal Reserve Bank of Philadelphia A rising tide can lift all boats. Therefore, I believe California’s rapidly improving economic activity can sustain CVB Financial Corp’s loan growth even though the management has historically not been too successful in achieving organic growth. Overall, I'm expecting loan growth to dip from the second quarter’s level to 0.75% every quarter till the end of 2023. Expecting Earnings to be Flattish this Year Before Surging Next Year The anticipated margin expansion will be the chief driver of earnings in the next year and a half. Subdued loan growth will likely provide further support to the bottom line. On the other hand, the provisioning will likely be a bit high as it was unusually elevated during the first half of the year. Non-performing loans were 0.21% while allowances were 0.92% of total loans at the end of June 2022. As a result, I’m satisfied with the existing reserves relative to the portfolio's credit risk. Further, the management uses the GDP, unemployment rate, and commercial real estate price in the index to determine its provisioning for expected loan losses, as mentioned in the latest earnings presentation. As the market's view on GDP and unemployment rate hasn't changed much over this quarter, I'm not expecting these economic variables to significantly push up provisions. Instead, I'm expecting loan additions to be the primary driver of provisioning through the end of 2023. Overall, I'm expecting the provisioning to decline from the second quarter’s level but remain at an above-average level. Considering these factors, I'm expecting CVB Financial Corp. to report earnings of $1.58 per share for 2022, up by just 1% year-over-year. For 2023, I’m expecting earnings to grow by 23% to $1.93 per share. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 349 436 416 415 493 575 Provision for loan losses 2 5 24 (26) 11 10 Non-interest income 43 59 50 47 51 51 Non-interest expense 180 199 193 190 222 232 Net income - Common Sh. 152 207 177 212 223 271 EPS - Diluted ($) 1.24 1.48 1.30 1.56 1.58 1.93 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified) Actual earnings may differ materially from estimates because of the risks and uncertainties related to inflation, and consequently the timing and magnitude of interest rate hikes. Further, a stronger or longer-than-anticipated recession can increase the provisioning for expected loan losses beyond my estimates. Equity Book Value to Suffer from High Interest Rates CVB Financial has a large balance of available-for-sale (“AFS”) securities, which made up 24% of total earning assets at the end of June 2022. As interest rates increase, the market value of AFS fixed-rate securities will fall leading to unrealized losses. These losses will skip the income statement and flow directly to the equity book value account. As a result of accumulated unrealized losses in the first half of the year, the tangible book value per share has already fallen from $10.3 at the end of December 2021 to $8.5 at the end of June 2022. Further erosion is likely in the coming quarters as the Federal Reserve is projecting a further 125 to 150 basis points hike in the fed funds rate till the end of 2023. On the other hand, retained earnings will lift the equity book value. The following table shows my balance sheet estimates.
분석 기사 • Sep 25

CVB Financial (NASDAQ:CVBF) Is Increasing Its Dividend To $0.20

The board of CVB Financial Corp. ( NASDAQ:CVBF ) has announced that it will be paying its dividend of $0.20 on the 20th...
Seeking Alpha • Sep 21

CVB Financial raises dividend 5.3% to $0.20/share

CVB Financial (NASDAQ:CVBF) declares $0.20/share quarterly dividend, 5.3% increase from prior dividend of $0.19. Forward yield 2.97% Payable Oct. 20; for shareholders of record Oct. 5; ex-div Oct. 4. See CVBF Dividend Scorecard, Yield Chart, & Dividend Growth.

이익 및 매출 성장 예측

NasdaqGS:CVBF - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/2027804330N/AN/A5
12/31/2026709226N/AN/A5
3/31/2026519208237242N/A
12/31/2025519208217221N/A
9/30/2025509204247251N/A
6/30/2025508202236241N/A
3/31/2025507202209214N/A
12/31/2024505199245250N/A
9/30/2024518197219224N/A
6/30/2024527204233237N/A
3/31/2024534209299303N/A
12/31/2023545220291296N/A
9/30/2023550237314318N/A
6/30/2023556244302307N/A
3/31/2023558247264269N/A
12/31/2022541234268274N/A
9/30/2022510216255262N/A
6/30/2022487201248253N/A
3/31/2022471193218223N/A
12/31/2021484212191195N/A
9/30/2021485214179184N/A
6/30/2021484212153159N/A
3/31/2021472202152157N/A
12/31/2020440177180185N/A
9/30/2020443178194199N/A
6/30/2020445181218223N/A
3/31/2020461194224229N/A
12/31/2019484207N/A208N/A
9/30/2019485199N/A196N/A
6/30/2019469187N/A179N/A
3/31/2019431168N/A173N/A
12/31/2018391152N/A165N/A
9/30/2018352126N/A149N/A
6/30/2018332117N/A142N/A
3/31/2018332110N/A127N/A
12/31/2017326104N/A138N/A
9/30/2017320113N/A131N/A
6/30/2017311109N/A129N/A
3/31/2017304106N/A149N/A
12/31/2016296101N/A125N/A
9/30/2016294103N/A118N/A
6/30/2016296105N/A115N/A
3/31/2016294106N/A109N/A
12/31/201529299N/A106N/A
9/30/201529096N/A107N/A
6/30/201528392N/A105N/A

애널리스트 향후 성장 전망

수입 대 저축률: CVBF 의 연간 예상 수익 증가율(28%)이 saving rate(3.5%)보다 높습니다.

수익 vs 시장: CVBF 의 연간 수익(28%)이 US 시장(16.7%)보다 빠르게 성장할 것으로 예상됩니다.

고성장 수익: CVBF 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.

수익 대 시장: CVBF 의 수익(연간 23.4%)이 US 시장(연간 11.7%)보다 빠르게 성장할 것으로 예상됩니다.

고성장 매출: CVBF 의 수익(연간 23.4%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: CVBF의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/14 21:10
종가2026/05/14 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

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분석가 소스

CVB Financial Corp.는 16명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Joseph GladueB. Riley Securities, Inc.
Michael DianaCantor Fitzgerald & Co.
Jeannette DarooshCitizens JMP Securities, LLC