CVB Financial Corp.

NasdaqGS:CVBF 주식 리포트

시가총액: US$3.5b

CVB Financial 과거 순이익 실적

과거 기준 점검 3/6

CVB Financial의 수입은 연평균 -0.9%의 비율로 감소해 온 반면, Banks 산업은 수입이 연평균 2.8% 증가했습니다. 매출은 연평균 1.4%의 비율로 증가해 왔습니다. CVB Financial의 자기자본이익률은 9%이고 순이익률은 40%입니다.

핵심 정보

-0.86%

순이익 성장률

-1.09%

주당순이익(EPS) 성장률

Banks 산업 성장률11.18%
매출 성장률1.41%
자기자본이익률9.01%
순이익률40.00%
최근 순이익 업데이트31 Mar 2026

최근 과거 실적 업데이트

Recent updates

내러티브 업데이트 • May 20

CVBF: Higher Future P/E Assumptions Will Support Earnings Repricing Potential

Analysts lifted their price target on CVB Financial to $24.00 from $23.80, citing updated assumptions around fair value, discount rate, profit margin and future P/E that align with recent Street research. Analyst Commentary Recent Street research behind the US$24.00 price target focuses on how updated fair value work lines up with current sector assumptions on discount rate, profit margin and future P/E for CVB Financial.
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...
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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...

매출 및 비용 세부 내역

CVB Financial가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NasdaqGS:CVBF 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 265192082030
31 Dec 255192082020
30 Sep 255092042010
30 Jun 255082022020
31 Mar 255072022020
31 Dec 245051992010
30 Sep 245181972000
30 Jun 245272041970
31 Mar 245342091930
31 Dec 235452201910
30 Sep 235502371890
30 Jun 235562441880
31 Mar 235582471850
31 Dec 225412341830
30 Sep 225102161770
30 Jun 224872011710
31 Mar 224711931670
31 Dec 214842121620
30 Sep 214852141620
30 Jun 214842121640
31 Mar 214722021640
31 Dec 204401771660
30 Sep 204431781670
30 Jun 204451811660
31 Mar 204611941660
31 Dec 194842071640
30 Sep 194851991660
30 Jun 194691871620
31 Mar 194311681510
31 Dec 183911521420
30 Sep 183521261280
30 Jun 183321171220
31 Mar 183321101230
31 Dec 173261041210
30 Sep 173201131170
30 Jun 173111091160
31 Mar 173041061140
31 Dec 162961011140
30 Sep 162941031140
30 Jun 162961051140
31 Mar 162941061120
31 Dec 15292991100
30 Sep 15290961090
30 Jun 15283921090

양질의 수익: CVBF는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: CVBF의 현재 순 이익률 (40%)은 지난해 (39.8%)보다 높습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: CVBF의 수익은 지난 5년 동안 연평균 0.9% 감소했습니다.

성장 가속화: 지난 1년간 CVBF 의 수익 증가율(3%)은 연간 평균(-0.9%)을 초과합니다.

수익 대 산업: CVBF의 지난 1년 수익 증가율(3%)은 Banks 업계 평균(22.8%)을 능가하지 못했습니다.

자기자본이익률

높은 ROE: CVBF의 자본 수익률(9%)은 낮음으로 평가됩니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

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기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/20 19:58
종가2026/05/20 00:00
수익2026/03/31
연간 수익2025/12/31

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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