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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments203,4611,732,5481,958,160185,518163,948144,377
Cash and cash equivalents203,4611,732,5481,958,160185,518163,948144,377
Total current assets:203,4611,732,5481,958,160185,518163,948144,377
Noncurrent Assets
Operating lease, right-of-use asset22,69619,27419,11218,522
Property, plant and equipment46,69849,09651,14453,97858,19346,166
Intangible assets, net (including goodwill)787,564689,101697,341706,693720,323123,402
Goodwill765,822663,707663,707663,707666,539116,564
Intangible assets, net (excluding goodwill)21,74225,39433,63442,98653,7846,838
Total noncurrent assets:856,958757,471767,597779,193778,516169,568
Other undisclosed assets15,416,12113,393,67811,693,55710,317,73910,586,6897,956,641
TOTAL ASSETS:16,476,54015,883,69714,419,31411,282,45011,529,1538,270,586
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt995,0002,3005,000428,659442,255553,773
Total current liabilities:995,0002,3005,000428,659442,255553,773
Noncurrent Liabilities
Long-term debt and lease obligation:  20,86421,16421,392  
Liabilities, other than long-term debt24,458     
Operating lease, liability24,45820,86421,16421,392
Total noncurrent liabilities:24,45841,72842,32821,392  
Other undisclosed liabilities13,508,56513,758,16612,363,9968,838,3019,235,7086,647,547
Total liabilities:14,528,02313,802,19412,411,3249,288,3529,677,9637,201,320
Equity
Equity, attributable to parent, including:1,948,5172,081,5032,007,9901,994,0981,851,1901,069,266
Accumulated other comprehensive income (loss)(354,796)(3,968)35,34912,614(18,284)1,452
Retained earnings1,002,847875,568760,861682,692575,805494,361
Other undisclosed equity, attributable to parent1,300,4661,209,9031,211,7801,298,7921,293,669573,453
Total equity:1,948,5172,081,5032,007,9901,994,0981,851,1901,069,266
TOTAL LIABILITIES AND EQUITY:16,476,54015,883,69714,419,31411,282,45011,529,1538,270,586

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues390,399357,613378,380398,863295,329244,561
Net investment income390,399357,613378,380398,863295,329215,501
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(10,500) (23,500)(5,000)(1,500) 
Gross profit:379,899357,613354,880393,863293,829244,561
Operating expenses(58,695)(33,308)(34,570)(41,378)(54,278)(116,851)
Operating income:321,204324,305320,310352,485239,551127,710
Nonoperating income5,3568,5008,1005,7987,5643,420
Gains on sales of other real estate     3,546 
Bank owned life insurance income5,3568,5008,1005,7984,0183,420
Interest and debt expense(9,155)(6,080)(14,284)(22,078)(12,815)(8,296)
Income from continuing operations before equity method investments, income taxes:317,405326,725314,126336,205234,300122,834
Other undisclosed income (loss) from continuing operations before income taxes10,942(29,077)(64,606)(45,131)(23,185)65,961
Income from continuing operations before income taxes:328,347297,648249,520291,074211,115188,795
Income tax expense(92,922)(85,127)(72,361)(83,247)(59,112)(84,384)
Income from continuing operations:235,425212,521177,159207,827152,003104,411
Income before gain (loss) on sale of properties:212,521177,159207,827152,003104,411
Net income attributable to parent:235,425212,521177,159207,827152,003104,411
Other undisclosed net loss available to common stockholders, basic(1,508)(970)(572)(488)(429)(382)
Net income available to common stockholders, diluted:233,917211,551176,587207,339151,574104,029

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:235,425212,521177,159207,827152,003104,411
Other comprehensive income (loss)(645,328)(39,317)32,27743,867(20,092)(8,719)
Comprehensive income (loss):(409,903)173,204209,436251,694131,91195,692
Other undisclosed comprehensive income (loss), net of tax, attributable to parent294,500 (9,542)(12,969)  
Comprehensive income (loss), net of tax, attributable to parent:(115,403)173,204199,894238,725131,91195,692

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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