CVB Financial Corp. (CVBF)

CVB Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	461.2	448.3	389.19	356.59	377.4	397.63
Interest Income on Investments	179.39	158.04	125.48	64.04	52.94	60.22
Total Interest Income	640.59	606.33	514.67	420.63	430.34	457.85
Interest Paid on Deposits	96.05	51.54	6.83	5.35	12.6	17.12
Interest Paid on Borrowings	88.25	66.81	2.33	0.73	1.68	4.96
Total Interest Expense	184.31	118.34	9.16	6.08	14.28	22.08
Net Interest Income	456.29	487.99	505.51	414.55	416.05	435.77
Net Interest Income Growth (YoY)	-9.83%	-3.47%	21.94%	-0.36%	-4.53%	24.85%
Trust Income	13.3	12.56	11.52	11.57	9.98	9.53
Gain (Loss) on Sale of Assets	-	-	2.72	0.19	1.68	4.78
Gain (Loss) on Sale of Investments	-11.58	-	-	-	-	0.01
Other Non-Interest Income	37.32	25.62	10.77	13.4	18.46	18.41
Total Non-Interest Income	59.28	58.4	46.39	43.49	47.07	52.86
Non-Interest Income Growth (YoY)	16.62%	25.88%	6.68%	-7.62%	-10.95%	21.56%
Revenues Before Loan Losses	515.56	546.39	551.9	458.04	463.12	488.63
Provision for Loan Losses	-2	2	10.6	-25.5	23.5	5
Revenue	517.56	544.39	541.3	483.54	439.62	483.63
Revenue Growth (YoY)	-5.96%	0.57%	11.95%	9.99%	-9.10%	23.68%
Salaries and Employee Benefits	134.69	129.75	123.7	112.69	114.23	113.93
Occupancy Expenses	4.57	3.62	3.91	2.99	3.95	3.89
Amortization of Goodwill & Intangibles	5.61	6.45	7.57	8.24	9.35	10.8
Selling, General & Administrative	61.18	57.82	55.89	46.12	47.46	46.41
Other Non-Interest Expense	34.99	32.25	19.48	18.78	17.92	17.26
Total Non-Interest Expense	241.03	229.89	210.54	188.83	192.9	192.29
EBT Excluding Unusual Items	276.53	314.5	330.76	294.71	246.72	291.33
Legal Settlements	-	-	-	-	-	5.69
Pretax Income	277.79	315.43	328.35	297.65	249.52	291.07
Income Tax Expense	79.42	94	92.92	85.13	72.36	83.25
Net Income	198.37	221.44	235.43	212.52	177.16	207.83
Preferred Dividends & Other Adjustments	1.55	1.55	1.51	0.97	0.57	0.49
Net Income to Common	196.82	219.89	233.92	211.55	176.59	207.34
Net Income Growth	-17.03%	-5.94%	10.78%	19.96%	-14.76%	36.73%
Basic Shares Outstanding	138	138	140	135	136	140
Diluted Shares Outstanding	139	138	140	135	136	140
Shares Change (YoY)	-0.17%	-1.11%	3.42%	-0.60%	-2.66%	14.74%
EPS (Basic)	1.42	1.59	1.67	1.57	1.30	1.48
EPS (Diluted)	1.42	1.59	1.67	1.56	1.30	1.48
EPS Growth	-16.99%	-4.82%	7.05%	20.17%	-12.29%	19.35%
Dividend Per Share	0.800	0.800	0.770	0.720	0.720	0.720
Dividend Growth	0%	3.90%	6.94%	0%	0%	28.57%
Effective Tax Rate	28.59%	29.80%	28.30%	28.60%	29.00%	28.60%

Source: S&P Capital IQ. Banks template. Financial Sources.