Earnings ·
CVB Financial Corp. reported second quarter 2026 net earnings of $48.3 million, or $0.29 per diluted share, down from…
CVBFCvb Financial Corp
CVB Financial Corp. reported second quarter 2026 net earnings of $48.3 million, or $0.29 per diluted share, down from $51.0 million in the first quarter of 2026. Total assets grew to $21.18 billion, driven by the April 17, 2026, acquisition of Heritage Commerce Corp. The company incurred $31.4 million in acquisition-related expenses and a $4.25 million provision for unfunded loan commitments during the quarter. Net interest margin expanded to 3.72% from 3.44% in the prior quarter. The board also announced a new share repurchase program for up to 15 million shares. CVB Financial Corp. is a financial holding company that operates Citizens Business Bank, providing commercial banking services.