CVB Financial Corporation (CVBF) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18616414412210610695
Cash and cash equivalents18616414412210610695
Assets held-for-sale, not part of disposal group   3 
Total current assets:18616414412510610695
Noncurrent Assets
Operating lease, right-of-use asset19
Property, plant and equipment54584642313433
Intangible assets, net (including goodwill)70772012395777757
Goodwill66466711790747455
Intangible assets, net (excluding goodwill)435475232
Total noncurrent assets:77977917013710811190
Other undisclosed assets10,31810,5877,9577,8127,4577,1616,480
TOTAL ASSETS:11,28211,5298,2718,0747,6717,3786,665
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt429442554603691564 
Total current liabilities:429442554603691564 
Noncurrent Liabilities
Long-term debt and lease obligation21      
Operating lease, liability21
Total noncurrent liabilities:21      
Other undisclosed liabilities8,8389,2366,6486,4806,0575,9365,893
Total liabilities:9,2889,6787,2017,0836,7486,5005,893
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9941,8511,069991923878772
Common stock    503495491
Accumulated other comprehensive income (loss)13(18)1102131(9)
Retained earnings683576494449400352290
Other undisclosed stockholders' equity attributable to parent1,2991,294573531   
Total stockholders' equity:1,9941,8511,069991923878772
TOTAL LIABILITIES AND EQUITY:11,28211,5298,2718,0747,6717,3786,665

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues399295245224217284 
Net investment income399295216195189251 
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(5)(2)     
Gross profit:394294245224217284 
Operating expenses(41)(54)(117)(112)(106)(112)(80)
Operating income (loss):352240128112111172(80)
Nonoperating income6833336
Gains on sales of other real estate 4   13
Bank owned life insurance income6433323
Interest and debt expense(22)(13)(8)(8)(9)(16)(17)
Income (loss) from continuing operations before equity method investments, income taxes:336234123107105159(91)
Other undisclosed income (loss) from continuing operations before income taxes(45)(23)6656464236
Income from continuing operations before income taxes:291211189162151163144
Income tax expense(83)(59)(84)(61)(52)(59)(49)
Net income attributable to parent:2081521041019910496
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(1)(1)(0)
Net income available to common stockholders, diluted:2071521041019910395

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2081521041019910496
Other comprehensive income (loss)44(20)(9)(11)(10)40 
Comprehensive income:25213296918914496
Other undisclosed comprehensive loss, net of tax, attributable to parent(13)     (53)
Comprehensive income, net of tax, attributable to parent:23913296918914443

Statements sources

The financial statements are based on the company's filings with the 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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