Cvb Financial (CVBF)
NASDAQ:CVBF
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Cvb Financial
(NASDAQ:CVBF)
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Rating:73Outperform
Price Target:
$22.50
â–²(8.80% Upside)
Action:Reiterated
Date:06/02/26
CVBF scores well primarily on solid financial performance (strong profitability and manageable leverage) and supportive valuation (moderate P/E plus a near-4% dividend). The latest earnings call adds confidence via improving margin and strong capital/credit metrics, though near-term pressures (QoQ softness, competitive loan pricing, higher classified credits, and securities unrealized losses) temper the score; technicals are mildly positive but not strongly momentum-driven.
Positive Factors
Consistent profitability & dividend track record
A nearly five-decade run of consecutive quarterly profitability and uninterrupted dividend payments demonstrates a durable earnings engine and shareholder return discipline. This long-term track record signals resilient underwriting, recurring fee and interest income, and the ability to sustain capital distributions through business cycles.
Negative Factors
Uneven revenue growth trends
Recent multi-year volatility in revenue, including declines in 2024–2025, implies sensitivity to loan demand, pricing competition and seasonal utilization swings. Persistent uneven top-line growth can pressure operating leverage and makes earnings less predictable despite high margins, complicating medium-term planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent profitability & dividend track record
A nearly five-decade run of consecutive quarterly profitability and uninterrupted dividend payments demonstrates a durable earnings engine and shareholder return discipline. This long-term track record signals resilient underwriting, recurring fee and interest income, and the ability to sustain capital distributions through business cycles.
Read all positive factors
Cvb Financial Key Performance Indicators (KPIs)
Cvb Financial (CVBF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.61B
Dividend Yield4%
Average Volume (3M)1.62M
Price to Earnings (P/E)13.5
Beta (1Y)0.84
Revenue Growth-2.88%
EPS Growth5.03%
CountryUS
Employees1,089
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.51
Shares Outstanding176,455,200
10 Day Avg. Volume1,427,531
30 Day Avg. Volume1,616,804
Financial Highlights & Ratios
PEG Ratio1.96
Price to Book (P/B)1.12
Price to Sales (P/S)3.98
P/FCF Ratio11.78
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue5.60
Enterprise Value/Gross Profit7.07
Enterprise Value/Ebitda12.56
Forecast
1Y Price Target
$27.00Price Target Upside30.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.42
Revenue Forecast (FY)$676.15M
Cvb Financial Business Overview & Revenue Model
Company Description
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. It offers checking, savings, money market, and...
How the Company Makes Money
CVB Financial makes money primarily through traditional banking income streams generated by Citizens Business Bank. The largest driver is net interest income: the bank earns interest and fees on loans and interest-bearing securities and pays inter...
Cvb Financial Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The earnings call presented a largely positive picture: solid year-over-year revenue and margin expansion, loan and deposit growth, strong capital ratios, continued profitability and an active strategic acquisition that expands growth capacity. However, there are near-term headwinds — quarter-over-quarter earnings and net interest income declines driven by timing/seasonality and prior-quarter non-accrual interest, modest increases in classified credits and specific reserves, mark-to-market unrealized losses in the securities portfolio, and competitive pressure compressing loan origination yields. Management emphasizes integration of the Heritage acquisition, balance sheet optionality and disciplined credit quality. On balance, the call conveyed more strengths than weaknesses but acknowledged several manageable near-term challenges.Positive Updates
Consistent Profitability and Dividend Track Record
Reported net earnings of $51.0 million ($0.38 per share) for Q1 2026, marking the 196th consecutive quarter of profitability and the 146th consecutive quarter of paying a cash dividend (Q1 dividend: $0.20 per share).
Negative Updates
Loan Yield Pressure Quarter-over-Quarter
Average loan yield decreased to 5.32% in Q1 2026 from 5.47% in Q4 2025. New loan originations averaged ~6% yields but were roughly 25 basis points lower than the prior quarter due to intense rate competition for high-quality loans.
Read all updates
Q1-2026 Updates
Positive
Negative
Consistent Profitability and Dividend Track Record
Reported net earnings of $51.0 million ($0.38 per share) for Q1 2026, marking the 196th consecutive quarter of profitability and the 146th consecutive quarter of paying a cash dividend (Q1 dividend: $0.20 per share).
Read all positive updates
Company Guidance
The company gave limited explicit forward guidance but provided several clear guardrails and metrics: Q1 results and balance-sheet positioning will inform actions in Q2–Q3 (mortgage pools from the Heritage deal are expected to be sold off the balance sheet by quarter end), and management said full capital visibility and deliberations on dividends/buybacks will follow integration (they repurchased 4.2M shares last year). Key Q1 metrics to model from the call include net earnings $51.0M ($0.38/share), return on average tangible common equity 13.4% and ROA 1.33%, pretax pre-provision income $71.6M, net interest income $117.8M, NIM 3.44% (up 13 bps YoY) with earning asset yield ~4.35% and cost of funds 0.97% (cost of deposits/repos 82 bps), average loan yield 5.32% while new originations averaged ~6% (originations ≈ +90% YoY, +15% QoQ), total loans $8.64B (+3.3% YoY), average deposits and repos $12.5B (+2.4% YoY), allowance for credit losses $80.2M, NPLs $6.1M (0.07% of loans) and classified loans $83.1M (<1% of loans), shareholders’ equity $2.3B with tangible common equity 10.5% and CET1 16.3%, tangible book value $11.42 (+9% YoY); management also reiterated a cautious economic outlook (real GDP <1% in H2‑2026, <2% through 2027; unemployment ~5% mid‑2026+, CRE prices down through 2026) and noted ~$4.8B of investments (AFS $2.59B, HTM $2.25B) with an AFS unrealized loss of $310M and $700M of fair‑value hedges creating modest negative carry.Cvb Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 645.76M | 643.36M | 658.69M | 665.66M | 561.94M | 467.83M |
| Gross Profit | 512.03M | 513.85M | 480.17M | 545.82M | 542.18M | 488.25M |
| EBITDA | 288.24M | 281.69M | 286.61M | 333.60M | 342.01M | 291.22M |
| Net Income | 209.20M | 209.30M | 200.72M | 221.44M | 235.43M | 212.52M |
Balance Sheet | ||||||
| Total Assets | 15.51B | 15.63B | 15.15B | 16.02B | 16.48B | 15.88B |
| Cash, Cash Equivalents and Short-Term Investments | 138.61M | 107.51M | 268.94M | 3.25B | 3.47B | 4.94B |
| Total Debt | 994.26M | 990.60M | 761.89M | 2.34B | 1.56B | 644.67M |
| Total Liabilities | 13.19B | 13.34B | 12.97B | 13.94B | 14.53B | 13.80B |
| Stockholders Equity | 2.32B | 2.30B | 2.19B | 2.08B | 1.95B | 2.08B |
Cash Flow | ||||||
| Free Cash Flow | 237.39M | 217.34M | 244.63M | 291.11M | 268.37M | 190.56M |
| Operating Cash Flow | 241.92M | 221.41M | 249.76M | 295.63M | 273.73M | 195.24M |
| Investing Cash Flow | -316.96M | -210.31M | 852.75M | 536.28M | -1.18B | -1.73B |
| Financing Cash Flow | -1.67M | 160.59M | -1.18B | -754.08M | -625.85M | 1.31B |
Cvb Financial Technical Analysis
Positive
20.68
Price Trends
20.15
Positive
19.86
Positive
19.38
Positive
Market Momentum
0.07
Negative
54.35
Neutral
39.28
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 20.68 is above the 20-day moving average (MA) of 20.16, above the 50-day MA of 20.15, and above the 200-day MA of 19.38, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 54.35 is Neutral, neither overbought nor oversold. The STOCH value of 39.28 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.03B | 13.90 | 12.12% | 3.99% | 2.79% | 39.56% | |
73 Outperform | $3.61B | 13.48 | 9.16% | 4.00% | -2.88% | 5.03% | |
73 Outperform | $3.13B | 16.75 | 12.65% | 2.96% | 6.83% | 11.88% | |
70 Outperform | $2.74B | 19.54 | 7.50% | 1.34% | 18.85% | -1.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $3.13B | 19.36 | 6.38% | 3.04% | 13.97% | -15.75% | |
59 Neutral | $3.44B | 13.20 | 9.02% | 2.71% | -5.12% | 11.35% |
* Financial Sector Average
CVBF
Cvb Financial
20.50
2.26
12.40%
BOH
Bank Of Hawaii
77.06
12.67
19.67%
BKU
BankUnited
47.14
13.75
41.18%
PRK
Park National
173.04
15.85
10.09%
TOWN
TowneBank
34.14
1.65
5.08%
FBK
FB Financial
53.18
10.05
23.30%
Cvb Financial Corporate Events
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...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
CVB Financial Completes Transformational Heritage Acquisition in California
Positive
Apr 23, 2026
CVB Financial Corp. reported first-quarter 2026 net income of $51.0 million, or $0.38 per share, with a 1.33% return on average assets and a tax-equivalent net interest margin of 3.44%, reflecting modest year-over-year earnings stability alongside...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
CVB Financial Completes Heritage Commerce All-Stock Acquisition
Positive
Apr 21, 2026
On April 17, 2026, CVB Financial Corp. completed its all-stock acquisition of Heritage Commerce Corp., merging Heritage into CVBF and combining Heritage Bank of Commerce with Citizens Business Bank, which now exceeds $20 billion in assets, about $...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
CVB Financial clears approvals for Heritage Commerce merger
Positive
Apr 1, 2026
On April 1, 2026, CVB Financial Corp. announced it had secured all required regulatory approvals for its previously disclosed all-stock merger with Heritage Commerce Corp, including Federal Reserve clearance and approval from the Office of the Com...
Business Operations and StrategyM&A TransactionsShareholder Meetings
CVB Financial Shareholders Approve Merger With Heritage Commerce
Positive
Mar 27, 2026
On March 26, 2026, shareholders of CVB Financial Corp. and Heritage Commerce Corp approved the planned merger of Heritage into CVB Financial, with CVB remaining as the surviving corporation. CVB shareholders backed the deal by a wide margin, with ...
Legal ProceedingsM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
CVB Financial issues supplemental merger disclosures amid lawsuits
Negative
Mar 18, 2026
On December 17, 2025, CVB Financial Corp. and Heritage Commerce Corp. agreed to merge, with Heritage to be absorbed into CVBF and Heritage Bank of Commerce to be combined with Citizens Business Bank, and shareholder votes on the deal scheduled for...
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.