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Cvb Financial Corp. (CVBF)
NASDAQ:CVBF
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 0.72%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted consistent profitability and strong capital positions, along with effective cost management and deposit growth. However, challenges were noted in the form of a declining loan portfolio, decreased interest income, and the impact of natural disasters. While there is optimism for future growth, particularly in loan origination and capital deployment, the current period shows a balance of positive and negative developments.Company Guidance
During the CVBF earnings call for the fourth quarter of 2024, the company reported net earnings of $51 million or $0.36 per share, marking its 191st consecutive quarter of profitability. They declared a $0.20 per share dividend, continuing their streak of 141 consecutive quarters of cash dividends. The return on average tangible common equity was 14.3%, and return on average assets was 1.3%. CVBF's common equity Tier 1 capital ratio stood at 16.2%, with a tangible common equity ratio of 9.8%. Net interest income decreased by $3.2 million quarter-over-quarter, while noninterest income rose by $269,000, and noninterest expense decreased by $355,000. The bank's total deposits and customer repurchase agreements reached $12.2 billion, including a $505 million increase from the previous year. Additionally, the company executed two sale-leaseback transactions, realizing gains of $16.8 million, and sold $155 million of available-for-sale investment securities at a loss of $16.7 million.Consistent Profitability
Reported net earnings of $51 million or $0.36 per share for the fourth quarter of 2024, marking the 191st consecutive quarter of profitability.
Strong Capital Ratios
Reported a return on average tangible common equity of 14.3% and a common equity Tier 1 capital ratio of 16.2% for the fourth quarter of 2024.
Successful Deleveraging
Completed early redemption of a $1.3 billion bank term funding program, reducing interest expense by $15 million per quarter and increasing net interest margin by 13 basis points.
Deposit Growth
Total deposits and customer repurchase agreements increased by $505 million from December 31, 2023, including $315 million growth in nonmaturity deposits.
Effective Cost Management
Noninterest expense decreased by $355,000 compared to the third quarter of 2024, maintaining an efficiency ratio of 46.3%.
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CVBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CVBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $20.69 | $20.66 | -0.14% |
| Oct 23, 2024 | $18.82 | $19.41 | +3.13% |
| Jul 24, 2024 | $19.04 | $19.36 | +1.68% |
| Apr 24, 2024 | $16.55 | $15.99 | -3.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cvb Financial Corp. (CVBF) report earnings?
Cvb Financial Corp. (CVBF) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Cvb Financial Corp. (CVBF) earnings time?
Cvb Financial Corp. (CVBF) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVBF EPS forecast?
CVBF EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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