CVB Financial Corporation (CVBF) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7331,958186164144122106
Cash and cash equivalents1,7331,958186164144122106
Assets held-for-sale, not part of disposal group     3 
Total current assets:1,7331,958186164144125106
Noncurrent Assets
Operating lease, right-of-use asset191919
Property, plant and equipment49515458464231
Intangible assets, net (including goodwill)6896977077201239577
Goodwill6646646646671179074
Intangible assets, net (excluding goodwill)25344354752
Total noncurrent assets:757768779779170137108
Other undisclosed assets13,39411,69410,31810,5877,9577,8127,457
TOTAL ASSETS:15,88414,41911,28211,5298,2718,0747,671
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt25429442554603691
Total current liabilities:25429442554603691
Noncurrent Liabilities
Long-term debt and lease obligation212121    
Operating lease, liability212121
Total noncurrent liabilities:424221    
Other undisclosed liabilities13,75812,3648,8389,2366,6486,4806,057
Total liabilities:13,80212,4119,2889,6787,2017,0836,748
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0822,0081,9941,8511,069991923
Common stock      503
Accumulated other comprehensive income (loss)(4)3513(18)11021
Retained earnings876761683576494449400
Other undisclosed stockholders' equity attributable to parent1,2101,2121,2991,294573531 
Total stockholders' equity:2,0822,0081,9941,8511,069991923
TOTAL LIABILITIES AND EQUITY:15,88414,41911,28211,5298,2718,0747,671

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues358378399295245224217
Net investment income358378399295216195189
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (24)(5)(2)   
Gross profit:358355394294245224217
Operating expenses(33)(35)(41)(54)(117)(112)(106)
Operating income:324320352240128112111
Nonoperating income9868333
Gains on sales of other real estate   4   
Bank owned life insurance income9864333
Interest and debt expense(6)(14)(22)(13)(8)(8)(9)
Income from continuing operations before equity method investments, income taxes:327314336234123107105
Other undisclosed income (loss) from continuing operations before income taxes(29)(65)(45)(23)665646
Income from continuing operations before income taxes:298250291211189162151
Income tax expense(85)(72)(83)(59)(84)(61)(52)
Net income attributable to parent:21317720815210410199
Other undisclosed net loss available to common stockholders, basic(1)(1)(0)(0)(0)(0)(1)
Net income available to common stockholders, diluted:21217720715210410199

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:21317720815210410199
Other comprehensive income (loss)(39)3244(20)(9)(11)(10)
Comprehensive income:173209252132969189
Other undisclosed comprehensive loss, net of tax, attributable to parent (10)(13)    
Comprehensive income, net of tax, attributable to parent:173200239132969189

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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