CVB Financial Corporation (CVBF) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,958186164144122106106
Cash and cash equivalents1,958186164144122106106
Assets held-for-sale, not part of disposal group    3 
Total current assets:1,958186164144125106106
Noncurrent Assets
Operating lease, right-of-use asset1919
Property, plant and equipment51545846423134
Intangible assets, net (including goodwill)697707720123957777
Goodwill664664667117907474
Intangible assets, net (excluding goodwill)3443547523
Total noncurrent assets:768779779170137108111
Other undisclosed assets11,69410,31810,5877,9577,8127,4577,161
TOTAL ASSETS:14,41911,28211,5298,2718,0747,6717,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5429442554603691564
Total current liabilities:5429442554603691564
Noncurrent Liabilities
Long-term debt and lease obligation2121     
Operating lease, liability2121
Total noncurrent liabilities:4221     
Other undisclosed liabilities12,3648,8389,2366,6486,4806,0575,936
Total liabilities:12,4119,2889,6787,2017,0836,7486,500
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0081,9941,8511,069991923878
Common stock     503495
Accumulated other comprehensive income (loss)3513(18)1102131
Retained earnings761683576494449400352
Other undisclosed stockholders' equity attributable to parent1,2121,2991,294573531  
Total stockholders' equity:2,0081,9941,8511,069991923878
TOTAL LIABILITIES AND EQUITY:14,41911,28211,5298,2718,0747,6717,378

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues378399295245224217284
Net investment income378399295216195189251
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(24)(5)(2)    
Gross profit:355394294245224217284
Operating expenses(35)(41)(54)(117)(112)(106)(112)
Operating income:320352240128112111172
Nonoperating income8683333
Gains on sales of other real estate  4   1
Bank owned life insurance income8643332
Interest and debt expense(14)(22)(13)(8)(8)(9)(16)
Income from continuing operations before equity method investments, income taxes:314336234123107105159
Other undisclosed income (loss) from continuing operations before income taxes(65)(45)(23)6656464
Income from continuing operations before income taxes:250291211189162151163
Income tax expense(72)(83)(59)(84)(61)(52)(59)
Net income attributable to parent:17720815210410199104
Other undisclosed net loss available to common stockholders, basic(1)(0)(0)(0)(0)(1)(1)
Net income available to common stockholders, diluted:17720715210410199103

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:17720815210410199104
Other comprehensive income (loss)3244(20)(9)(11)(10)40
Comprehensive income:209252132969189144
Other undisclosed comprehensive loss, net of tax, attributable to parent(10)(13)     
Comprehensive income, net of tax, attributable to parent:200239132969189144

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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