Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
04 April 1983Website:
http://www.cbbank.comNext earnings report:
26 July 2024Last dividends:
02 April 2024Next dividends:
11 July 2024Price
after hours | Fri, 28 Jun 2024 20:10:36 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
CVBF Latest News
ONTARIO, CA, June 26, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2024. This dividend was approved at the Company's regularly scheduled Board of Directors meeting held on June 26, 2024. The quarterly dividend will be payable on or about July 25, 2024 to shareholders of record as of July 11, 2024.
Although the financial results of CVB Financial (CVBF) for the quarter ending March 2024 provide an overview of the company's performance, it may be beneficial to examine how certain key metrics stack up against analyst expectations and the previous year's figures.
CVB Financial (CVBF) reported quarterly earnings of $0.35 per share, matching the Zacks Consensus Estimate. This is a decrease from earnings of $0.42 per share in the same quarter last year.
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.
CVB Financial Corp. (CVBF) Q4 2023 Earnings Call Transcript
The headline numbers for CVB Financial (CVBF) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CVB Financial (CVBF) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.47 per share a year ago.
CVB Financial (CVBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CVB Financial Corporation (CVBF) Q3 2023 Earnings Call Transcript
While the top- and bottom-line numbers for CVB Financial (CVBF) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
What type of business is CVB Financial?
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 time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. The company also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture 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; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, it offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. Further, the company provides trust services through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. As of December 31, 2021, it operated 58 banking centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California; and three trust offices located in Ontario, Newport Beach, and Pasadena, as well as two loan production offices in California's Central Valley and the Sacramento area. The company was founded in 1974 and is headquartered in Ontario, California.
What sector is CVB Financial in?
CVB Financial is in the Financial Services sector
What industry is CVB Financial in?
CVB Financial is in the Banks - Regional industry
What country is CVB Financial from?
CVB Financial is headquartered in United States
When did CVB Financial go public?
CVB Financial initial public offering (IPO) was on 04 April 1983
What is CVB Financial website?
https://www.cbbank.com
Is CVB Financial in the S&P 500?
No, CVB Financial is not included in the S&P 500 index
Is CVB Financial in the NASDAQ 100?
No, CVB Financial is not included in the NASDAQ 100 index
Is CVB Financial in the Dow Jones?
No, CVB Financial is not included in the Dow Jones index
When does CVB Financial report earnings?
The next expected earnings date for CVB Financial is 26 July 2024