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CVBF

CVB FinancialNasdaqGS:CVBF Stock Report

Market Cap

US$2.6b

7D

-6.9%

1Y

-1.0%

Updated

01 Dec, 2021

Data

Company Financials +
CVBF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends6/6

CVBF Stock Overview

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals.

CVB Financial Competitors

SVB Financial Group

NasdaqGS:SIVB

US$40.6b

First Republic Bank

NYSE:FRC

US$37.6b

Regions Financial

NYSE:RF

US$21.7b

Huntington Bancshares

NasdaqGS:HBAN

US$21.5b

Price History & Performance

Summary of all time highs, changes and price drops for CVB Financial
Historical stock prices
Current Share PriceUS$19.23
52 Week HighUS$25.00
52 Week LowUS$18.07
Beta0.47
1 Month Change-7.32%
3 Month Change-4.19%
1 Year Change-0.98%
3 Year Change-11.63%
5 Year Change-13.61%
Change since IPO812.38%

Recent News & Updates

Shareholder Returns

CVBFUS BanksUS Market
7D-6.9%-7.2%-4.9%
1Y-1.0%36.7%17.8%

Return vs Industry: CVBF underperformed the US Banks industry which returned 36.7% over the past year.

Return vs Market: CVBF underperformed the US Market which returned 17.8% over the past year.

Price Volatility

Is CVBF's price volatile compared to industry and market?
CVBF volatility
CVBF Average Weekly Movement3.3%
Banks Industry Average Movement3.7%
Market Average Movement6.0%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.4%

Stable Share Price: CVBF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CVBF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19741,052Dave Bragerhttps://www.cbbank.com

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. The company offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. It also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans that are secured by owner-occupied and investor owned properties; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit.

CVB Financial Fundamentals Summary

How do CVB Financial's earnings and revenue compare to its market cap?
CVBF fundamental statistics
Market CapUS$2.59b
Earnings (TTM)US$213.94m
Revenue (TTM)US$488.63m

12.2x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVBF income statement (TTM)
RevenueUS$488.63m
Cost of RevenueUS$0
Gross ProfitUS$488.63m
ExpensesUS$274.69m
EarningsUS$213.94m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.58
Gross Margin100.00%
Net Profit Margin43.78%
Debt/Equity Ratio32.7%

How did CVBF perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

45%

Payout Ratio

Valuation

Is CVB Financial undervalued compared to its fair value and its price relative to the market?

47.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CVBF ($19.23) is trading below our estimate of fair value ($36.3)

Significantly Below Fair Value: CVBF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CVBF is poor value based on its PE Ratio (12.2x) compared to the US Banks industry average (10.5x).

PE vs Market: CVBF is good value based on its PE Ratio (12.2x) compared to the US market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: CVBF is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: CVBF is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is CVB Financial forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVBF's forecast earnings growth (4.5% per year) is above the savings rate (2%).

Earnings vs Market: CVBF's earnings (4.5% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: CVBF's earnings are forecast to grow, but not significantly.

Revenue vs Market: CVBF's revenue (7.5% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: CVBF's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CVBF's Return on Equity is forecast to be low in 3 years time (10.3%).


Past Performance

How has CVB Financial performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVBF has high quality earnings.

Growing Profit Margin: CVBF's current net profit margins (43.8%) are higher than last year (40.2%).


Past Earnings Growth Analysis

Earnings Trend: CVBF's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: CVBF's earnings growth over the past year (20.3%) exceeds its 5-year average (16.4% per year).

Earnings vs Industry: CVBF earnings growth over the past year (20.3%) underperformed the Banks industry 43%.


Return on Equity

High ROE: CVBF's Return on Equity (10.4%) is considered low.


Financial Health

How is CVB Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CVBF's Assets to Equity ratio (7.8x) is low.

Allowance for Bad Loans: CVBF has a sufficient allowance for bad loans (774%).

Low Risk Liabilities: 91% of CVBF's liabilities are made up of primarily low risk sources of funding.

Loan Level: CVBF has an appropriate level of Loans to Assets ratio (48%).

Low Risk Deposits: CVBF's Loans to Deposits ratio (60%) is appropriate.

Level of Bad Loans: CVBF has an appropriate level of bad loans (0.1%).


Dividend

What is CVB Financial current dividend yield, its reliability and sustainability?

3.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CVBF's dividend (3.74%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: CVBF's dividend (3.74%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: CVBF's dividends per share have been stable in the past 10 years.

Growing Dividend: CVBF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.5%), CVBF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CVBF's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Dave Brager (53 yo)

1.67yrs

Tenure

US$2,287,691

Compensation

Mr. David A. Brager, also known as Dave, is Chief Executive Officer and Director at CVB Financial Corp since March 16, 2020 and serves as its president since November 17, 2021. He is Chief Executive Office...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD2.29M) is below average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CVBF's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: CVBF's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CVB Financial Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: CVB Financial Corp.
  • Ticker: CVBF
  • Exchange: NasdaqGS
  • Founded: 1974
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.590b
  • Shares outstanding: 135.52m
  • Website: https://www.cbbank.com

Number of Employees


Location

  • CVB Financial Corp.
  • 701 North Haven Avenue
  • Suite 350
  • Ontario
  • California
  • 91764
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 23:54
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.