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Cvb Financial
(NASDAQ:CVBF)
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Rating:77Outperform
Price Target:
$26.00
â–²(14.04% Upside)
Action:Reiterated
Date:08/08/26
CVBF scores well primarily on solid financial performance (strong profitability and high-quality cash generation, with improving leverage), supported by a constructive technical backdrop and reasonable valuation. The earnings call adds a positive catalyst from acquisition-driven growth and reiterated accretion targets, partially offset by near-term integration costs, higher operating expenses, and post-merger capital/credit-metric pressure.
Positive Factors
Strong free cash flow conversion
Near one-to-one FCF conversion indicates high earnings quality and durable cash generation. That cash flow supports dividends, buybacks, debt reduction and reinvestment into lending over the next 2–6 months, providing a material buffer against cyclical shocks and funding for strategic initiatives.
Negative Factors
Elevated acquisition-related charges and higher core expense run-rate
Large one-time acquisition charges and a higher recurring core expense base compress near-term profitability until synergies are realized. If cost saves are delayed or integration costs persist, margin recovery and ROE improvement may be delayed beyond the projected late‑2026/early‑2027 timeline.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow conversion
Near one-to-one FCF conversion indicates high earnings quality and durable cash generation. That cash flow supports dividends, buybacks, debt reduction and reinvestment into lending over the next 2–6 months, providing a material buffer against cyclical shocks and funding for strategic initiatives.
Read all positive factors
Cvb Financial Key Performance Indicators (KPIs)
Any
Loan Portfolio By Type
Analyzes the composition of loans by type, providing insight into the company's lending strategy, risk exposure, and potential interest income sources. This can highlight areas of growth or concern based on economic conditions and borrower demand.
Analyzes the composition of loans by type, providing insight into the company's lending strategy, risk exposure, and potential interest income sources. This can highlight areas of growth or concern based on economic conditions and borrower demand.
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The Fly
The FlyCvb Financial (CVBF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.00B
Dividend Yield3.53%
Average Volume (3M)1.73M
Price to Earnings (P/E)15.1
Beta (1Y)0.80
Revenue Growth8.42%
EPS Growth-0.88%
CountryUS
Employees1,079
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.50
Shares Outstanding176,455,200
10 Day Avg. Volume1,572,772
30 Day Avg. Volume1,730,411
Financial Highlights & Ratios
PEG Ratio1.95
Price to Book (P/B)1.12
Price to Sales (P/S)3.98
P/FCF Ratio11.78
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$26.50Price Target Upside16.23% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.47
Revenue Forecast (FY)$705.92M
Cvb Financial Business Overview & Revenue Model
Company Description
CVB Financial Corp. (CVBF) serves as the parent organization for Citizens Business Bank, a state-chartered financial institution that delivers a broad spectrum of banking and financial services. The bank primarily caters to individuals and small t...
How the Company Makes Money
CVB Financial primarily makes money through its banking subsidiary by earning (1) net interest income and (2) noninterest income. Net interest income is generated from the spread between interest earned on interest-earning assets—such as commercia...
Cvb Financial Earnings Call Summary
Earnings Call Date:Jul 22, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive outlook driven by transformational M&A that materially grew the balance sheet, boosted earning assets, produced strong loan origination momentum (85% YoY, 40% QoQ), expanded net interest income (+$44.6M QoQ) and delivered a successful systems conversion with early revenue synergies. Offsetting items included large one-time acquisition costs ($31.4M), higher core operating expenses, dilutionary capital impacts (lower tangible book and capital ratios), and increases in ACL and some asset-quality metrics. Management reiterated targets for EPS accretion and ROATCE and expects most cost saves to materialize by late 2026/early 2027. Overall, positives from the acquisition, organic loan growth, margin expansion and integration progress outweigh the near-term costs and capital pressures.Positive Updates
Strong Quarterly Profitability and Dividend Continuity
Net earnings of $48.3 million ($0.29/share) in Q2 2026; marks 197 consecutive quarters of profitability and 147 consecutive quarters of paying a cash dividend. Declared a $0.20 per share dividend for the quarter.
Negative Updates
Quarterly EPS and Pretax Decline (Reported)
Reported net earnings fell to $48.3M ($0.29/share) from $51.0M ($0.38/share) in Q1 2026 and $50.6M ($0.37/share) in prior-year quarter; reported pretax income declined to $65.0M from $68.6M QoQ.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Quarterly Profitability and Dividend Continuity
Net earnings of $48.3 million ($0.29/share) in Q2 2026; marks 197 consecutive quarters of profitability and 147 consecutive quarters of paying a cash dividend. Declared a $0.20 per share dividend for the quarter.
Read all positive updates
Company Guidance
Management reiterated targets of achieving EPS accretion of ≥13% in 2027, generating a 1.50% return on hedge assets and a 17% return on tangible common equity, and said 90–95% of merger cost saves should be realized by Q4 with the program fully loaded by the beginning of 2027; Q2 included $31.4M of acquisition expense (expected to fall by at least half in Q3). Balance-sheet and capital metrics at June 30 include shareholders’ equity $3.2B, tangible book value per share $11.07, tangible common equity ratio 9.8%, CET1 14.7%, a $15M repurchase authorization (409k shares bought for $8.9M at $21.72), loans $12.1B, deposits $16.9B, average earning assets $17.6B, ACL $126.7M (1.05% of loans), nonperforming assets $16.8M, and Q2 operating results of net earnings $48.3M ($0.29/sh), pretax $65M (or $100.7M excluding merger-related items), NIM expansion of 28 bps (≈3.72%), core loan yield ~5.37% (overall avg loan yield 5.53%), loan originations up ~85% YoY (~6% yields), and an expected $150–$200M per quarter of investable cash flow from the securities portfolio to redeploy into higher-yielding assets.Cvb Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 705.95M | 643.36M | 658.69M | 665.66M | 561.94M | 467.83M |
| Gross Profit | 565.11M | 513.85M | 480.17M | 545.82M | 542.18M | 488.25M |
| EBITDA | 287.60M | 296.47M | 286.61M | 333.60M | 342.01M | 291.22M |
| Net Income | 206.89M | 209.30M | 200.72M | 221.44M | 235.43M | 212.52M |
Balance Sheet | ||||||
| Total Assets | 21.18B | 15.63B | 15.15B | 16.02B | 16.48B | 15.88B |
| Cash, Cash Equivalents and Short-Term Investments | 6.78B | 107.51M | 268.94M | 3.25B | 3.47B | 4.94B |
| Total Debt | 1.10B | 990.60M | 761.89M | 2.34B | 1.56B | 644.67M |
| Total Liabilities | 18.01B | 13.34B | 12.97B | 13.94B | 14.53B | 13.80B |
| Stockholders Equity | 3.17B | 2.30B | 2.19B | 2.08B | 1.95B | 2.08B |
Cash Flow | ||||||
| Free Cash Flow | 574.42M | 217.34M | 244.63M | 291.11M | 268.37M | 190.56M |
| Operating Cash Flow | 576.96M | 221.41M | 249.76M | 295.63M | 273.73M | 195.24M |
| Investing Cash Flow | 231.79M | -210.31M | 852.75M | 536.28M | -1.18B | -1.73B |
| Financing Cash Flow | -443.02M | 160.59M | -1.18B | -754.08M | -625.85M | 1.31B |
Cvb Financial Technical Analysis
Positive
22.80
Price Trends
21.81
Positive
20.78
Positive
19.91
Positive
Market Momentum
0.24
Positive
53.85
Neutral
43.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVBF, the sentiment is Positive. The current price of 22.8 is above the 20-day moving average (MA) of 22.67, above the 50-day MA of 21.81, and above the 200-day MA of 19.91, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 53.85 is Neutral, neither overbought nor oversold. The STOCH value of 43.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CVBF.
Cvb Financial Risk Analysis
Cvb Financial disclosed 58 risk factors in its most recent earnings report. Cvb Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cvb Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.42B | 9.49 | 17.32% | 3.03% | 0.58% | 15.28% | |
77 Outperform | $4.00B | 15.11 | 8.22% | 3.51% | 8.42% | -0.88% | |
76 Outperform | $3.13B | 14.65 | 12.78% | 3.33% | 1.90% | 41.02% | |
75 Outperform | $4.28B | 11.60 | 10.33% | 2.84% | 4.05% | 38.82% | |
74 Outperform | $1.37B | 13.00 | 12.31% | 3.08% | -8.51% | -5.30% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | $2.98B | -45.68 | -0.62% | 2.07% | -12.95% | -161.72% |
* Financial Sector Average
CVBF
Cvb Financial
22.66
4.59
25.43%
BOH
Bank Of Hawaii
79.28
18.45
30.34%
BANC
Banc of California
18.73
4.60
32.53%
PFBC
Preferred Bank
105.76
17.62
19.99%
UCB
United Community Banks
35.51
6.81
23.71%
WABC
Westamerica Bancorporation
59.13
13.19
28.72%
Cvb Financial Corporate Events
Business Operations and StrategyExecutive/Board Changes
CVB Financial Adds Veteran Banker Maddox to Board
Positive
Jul 23, 2026
On July 22, 2026, CVB Financial Corp. appointed veteran banker Michael J. Maddox to its Board of Directors and to the board of its subsidiary Citizens Business Bank, expanding each board from 10 to 11 members. Maddox, who brings more than 20 years...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
CVB Financial Completes Heritage Commerce Acquisition, Expands Footprint
Positive
Jul 23, 2026
CVB Financial Corp. reported second quarter 2026 net earnings of $48.3 million, or $0.29 per share, down from the prior quarter and year-ago period, as results were weighed by $31.4 million in acquisition-related costs and a $4.25 million provisio...
Business Operations and StrategyStock Buyback
CVB Financial Launches New Five-Year Share Repurchase Program
Positive
Jun 15, 2026
On June 15, 2026, CVB Financial Corp., the holding company for Citizens Business Bank, authorized a new share repurchase program allowing the buyback of up to 15 million shares of its common stock through Rule 10b5-1 plans, open-market purchases a...
Business Operations and StrategyExecutive/Board Changes
CVB Financial Extends CEO Brager’s Employment and Incentives
Positive
Jun 1, 2026
On June 1, 2026, CVB Financial Corp. renewed and extended CEO David A. Brager’s employment agreement, pushing its term to June 30, 2029, with automatic one-year renewals thereafter and maintaining his base salary at $966,000 subject to upwar...
Executive/Board Changes
CVB Financial Announces Retirement of Executive Vice President
Neutral
May 26, 2026
On May 20, 2026, CVB Financial Corp. announced that Richard Wohl will retire as Executive Vice President and General Counsel of the company and Citizens Business Bank, effective June 5, 2026, ending a tenure that began in October 2011. In connecti...
Executive/Board ChangesShareholder Meetings
CVB Financial Shareholders Back Directors, Pay and Auditor
Positive
May 22, 2026
On May 20, 2026, CVB Financial Corp. held its 2026 Annual Meeting of Shareholders, at which ten directors were elected to one-year terms expiring at the 2027 annual meeting, each receiving strong shareholder support with substantial votes in favor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.