CVB Financial Corporation (CVBF) Financial Statements (2024 and earlier)

Company Profile

Business Address 701 N HAVEN AVE STE 300
ONTARIO, CA 91764
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments281,285203,4611,732,5481,958,160185,518163,948
Cash and cash equivalents281,285203,4611,732,5481,958,160185,518163,948
Total current assets:281,285203,4611,732,5481,958,160185,518163,948
Noncurrent Assets
Operating lease, right-of-use asset21,65522,69619,27419,11218,522
Property, plant and equipment44,70946,69849,09651,14453,97858,193
Intangible assets, net (including goodwill)781,113787,564689,101697,341706,693720,323
Goodwill765,822765,822663,707663,707663,707666,539
Intangible assets, net (excluding goodwill)15,29121,74225,39433,63442,98653,784
Total noncurrent assets:847,477856,958757,471767,597779,193778,516
Other undisclosed assets14,892,23115,416,12113,393,67811,693,55710,317,73910,586,689
TOTAL ASSETS:16,020,99316,476,54015,883,69714,419,31411,282,45011,529,153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 9,200     
Accrued liabilities 9,200     
Debt995,000995,0002,3005,000428,659442,255
Total current liabilities:1,004,200995,0002,3005,000428,659442,255
Noncurrent Liabilities
Long-term debt and lease obligation:   20,86421,16421,392 
Liabilities, other than long-term debt24,05624,458    
Operating lease, liability24,05624,45820,86421,16421,392
Total noncurrent liabilities:24,05624,45841,72842,32821,392 
Other undisclosed liabilities12,914,76513,508,56513,758,16612,363,9968,838,3019,235,708
Total liabilities:13,943,02114,528,02313,802,19412,411,3249,288,3529,677,963
Equity
Equity, attributable to parent, including:2,077,9721,948,5172,081,5032,007,9901,994,0981,851,190
Accumulated other comprehensive income (loss)(323,569)(354,796)(3,968)35,34912,614(18,284)
Retained earnings1,112,6421,002,847875,568760,861682,692575,805
Other undisclosed equity, attributable to parent1,288,8991,300,4661,209,9031,211,7801,298,7921,293,669
Total equity:2,077,9721,948,5172,081,5032,007,9901,994,0981,851,190
TOTAL LIABILITIES AND EQUITY:16,020,99316,476,54015,883,69714,419,31411,282,45011,529,153

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues
(Net Investment Income)
450,156390,399357,613378,380398,863295,329
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (10,500) (23,500)(5,000)(1,500)
Other undisclosed gross profit      
Gross profit:450,156379,899357,613354,880393,863293,829
Operating expenses(44,547)(58,695)(33,308)(34,570)(41,378)(54,278)
Operating income:405,609321,204324,305320,310352,485239,551
Nonoperating income12,7515,3568,5008,1005,7987,564
Gains on sales of other real estate      3,546
Bank owned life insurance income12,7515,3568,5008,1005,7984,018
Interest and debt expense(118,340)(9,155)(6,080)(14,284)(22,078)(12,815)
Income from continuing operations before equity method investments, income taxes:300,020317,405326,725314,126336,205234,300
Other undisclosed income (loss) from continuing operations before income taxes15,41410,942(29,077)(64,606)(45,131)(23,185)
Income from continuing operations before income taxes:315,434328,347297,648249,520291,074211,115
Income tax expense(93,999)(92,922)(85,127)(72,361)(83,247)(59,112)
Income from continuing operations:221,435235,425212,521177,159207,827152,003
Income before gain (loss) on sale of properties:212,521177,159207,827152,003
Net income attributable to parent:221,435235,425212,521177,159207,827152,003
Other undisclosed net loss available to common stockholders, basic(1,546)(1,508)(970)(572)(488)(429)
Net income available to common stockholders, diluted:219,889233,917211,551176,587207,339151,574

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:221,435235,425212,521177,159207,827152,003
Other comprehensive income (loss)57,385(645,328)(39,317)32,27743,867(20,092)
Comprehensive income (loss):278,820(409,903)173,204209,436251,694131,911
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(26,158)294,500 (9,542)(12,969) 
Comprehensive income (loss), net of tax, attributable to parent:252,662(115,403)173,204199,894238,725131,911

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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