Recent Updates — CVBF
CVB Financial Corp. reported net income of $78.1 million for the third quarter ended September 30, 2026, representing diluted earnings per share of $0.44. This compares to $48.3 million ($0.29 per share) in the second quarter and $52.6 million ($0.38 per share) in the prior year period. Net interest income increased $16.7 million, or 10.3%, to $179.1 million, driven by a 17 basis point expansion in net interest margin to 3.89%. The company also reported an annualized return on average assets of 1.48% and a return on average tangible common equity of 16.22%. CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, providing commercial banking services primarily in California.
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.
CVB Financial Corp. appointed Michael J. Maddox to its Board of Directors and the Board of Directors of its wholly-owned subsidiary, Citizens Business Bank, effective July 22, 2026. The appointment expands the board sizes for both entities from 10 to 11 members. Mr. Maddox will serve on the Audit, Nominating and Corporate Governance, and Compensation Committees of the Company, and the Risk Management, Balance Sheet Management, and Trust Services Committees of the Bank. He will receive a $77,000 annual directors’ fee and a pro-rated restricted stock grant scheduled for August 23, 2026. CVB Financial Corp. is a bank holding company that operates Citizens Business Bank.
CVB Financial Corp. authorized a 2026 Repurchase Program to buy back up to 15,000,000 shares of common stock, replacing a previous 2024 program that had 5,678,223 shares remaining. The program is set to terminate upon the completion of the Maximum Amount or after five years. CVB Financial Corp. is a holding company for Citizens Business Bank, National Association, operating in the financial services industry.