CVB Financial Corp. Reports Q1 2024 Earnings
Ticker: CVBF · Form: 8-K · Filed: Apr 25, 2024 · CIK: 354647
Sentiment: neutral
Topics: earnings, financial-results
Related Tickers: CVBF
TL;DR
CVBF Q1 earnings up slightly YoY to $52.1M ($0.36/share).
AI Summary
CVB Financial Corp. (CVBF) announced its first quarter 2024 financial results on April 24, 2024. The company reported net income available to common shareholders of $52.1 million, or $0.36 per diluted share, for the quarter. This compares to net income of $50.5 million, or $0.35 per diluted share, for the first quarter of 2023.
Why It Matters
This filing provides investors with the latest financial performance of CVB Financial Corp., offering insights into profitability and operational trends for the first quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine earnings report with no significant negative events or disclosures.
Key Numbers
- $52.1M — Q1 2024 Net Income (Represents the company's profitability for the first quarter of 2024.)
- $0.36 — Q1 2024 EPS (Indicates earnings per share for the first quarter of 2024.)
- $50.5M — Q1 2023 Net Income (Provides a year-over-year comparison point for profitability.)
- $0.35 — Q1 2023 EPS (Provides a year-over-year comparison point for earnings per share.)
Key Players & Entities
- CVB FINANCIAL CORP (company) — Registrant
- California (location) — State of incorporation
- 000-10140 (other) — Commission file number
- 95-3629339 (other) — I.R.S. employer identification number
- 701 North Haven Avenue (location) — Principal executive offices address
- Ontario (location) — City of principal executive offices
- 91764 (other) — Zip code of principal executive offices
- (909) 980-4030 (other) — Registrant's telephone number
- April 24, 2024 (date) — Date of earliest event reported
- 20240424 (date) — Date of earliest event reported
FAQ
What was CVB Financial Corp.'s net income available to common shareholders for the first quarter of 2024?
CVB Financial Corp.'s net income available to common shareholders for the first quarter of 2024 was $52.1 million.
What was the earnings per diluted share for CVB Financial Corp. in Q1 2024?
The earnings per diluted share for CVB Financial Corp. in Q1 2024 was $0.36.
How does the Q1 2024 net income compare to Q1 2023?
Q1 2024 net income of $52.1 million is higher than Q1 2023 net income of $50.5 million.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is April 24, 2024.
What is the principal executive office address for CVB Financial Corp.?
The principal executive office address for CVB Financial Corp. is 701 North Haven Avenue, Ontario, California 91764.
Filing Stats: 540 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-04-25 06:05:03
Filing Documents
- d805306d8k.htm (8-K) — 25KB
- d805306dex991.htm (EX-99.1) — 608KB
- g805306g0425003528974.jpg (GRAPHIC) — 6KB
- 0001193125-24-111393.txt ( ) — 801KB
- cvbf-20240424.xsd (EX-101.SCH) — 3KB
- cvbf-20240424_lab.xml (EX-101.LAB) — 17KB
- cvbf-20240424_pre.xml (EX-101.PRE) — 11KB
- d805306d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits.*
Financial Statements and Exhibits.* (d) Exhibits. Exhibit No Description 99.1 Press Release, dated April 24, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * The information in this report (including Exhibit 99.1) shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as set forth in Item 8.01 herein and as expressly set forth by specific reference in such filing. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CVB FINANCIAL CORP. (Registrant) Date: April 25, 2024 By: /s/ E. Allen Nicholson E. Allen Nicholson Executive Vice President and Chief Financial Officer 3