CVB Financial Corp. reported net earnings of $50.6 million, or $0.36 per share, for the second quarter of 2025. The return on average assets was 1.34%, with an efficiency ratio of 45.6%, and a net interest margin of 3.31%. Pre-provision income increased to $68.8 million, and deposits grew by $123 million.

The company’s President, David Brager, highlighted Citizens Business Bank’s financial strength and focus on small to medium-sized businesses. Net interest income was $111.6 million for the second quarter, with a slight increase from the previous quarter. The net interest margin was 3.31%, showing steady performance and strategic financial management. Loan yields remained stable at 5.22%.

CVB Financial Corp. achieved an annualized return on average equity of 9.06% and a return on average tangible common equity of 14.08% for the second quarter of 2025. The company’s consistent financial performance and profitability were evident with 193 consecutive quarters of profitability and 143 consecutive quarters of paying cash dividends. Deposits and customer repos grew, while loans decreased slightly. In the second quarter of 2025, the average balance in funds held at the Federal Reserve increased by $170.5 million, while loans and investment securities decreased. Noninterest-bearing deposits increased by $45.3 million, and interest-bearing deposits decreased by $51.2 million compared to the first quarter of 2025. Total deposits increased by $14.9 million.

Noninterest income for the second quarter of 2025 was $14.7 million, a decrease from the first quarter primarily due to a gain recognized on the sale of properties. Trust and investment services income grew by $304,000 compared to the first quarter. Noninterest expense was $57.6 million, a decrease from the first quarter mainly due to lower salaries and benefits.

Total assets of the company were $15.41 billion at June 30, 2025, an increase of $157.5 million from March 31, 2025. This increase included higher balances from the Federal Reserve offset by decreases in investment securities and loans. Total assets increased by $260.5 million from December 31, 2024, but decreased by $737.4 million from June 30, 2024. The decrease in assets was driven by a $362.1 million drop in investment securities, a $318.6 million decrease in net loans, and a $126.2 million decrease in interest-earning balances due from the Federal Reserve. Investment securities totaled $4.81 billion, down 7.00% from the prior year.

Total loans and leases decreased by $5.1 million from March 31, 2025, with decreases in commercial and industrial loans and dairy and livestock loans. Asset quality saw credit charge-offs of $429,000 and net charge-offs of $249,000. The allowance for credit losses was $78.0 million at June 30, 2025.

Nonperforming loans and nonperforming assets increased slightly, with nonperforming assets at $26,630, up from $26,131 at March 31, 2025. Classified loans decreased by $20.7 million, mainly due to a decrease in classified commercial real estate loans. Deposits and customer repurchase agreements totaled $12.39 billion at June 30, 2025.

Noninterest-bearing deposits increased to $7.25 billion, making up 60.47% of total deposits. Total borrowings included $500 million of FHLB advances. The company’s total equity was $2.24 billion at June 30, 2025, with increases from net earnings and other comprehensive income, offset by cash dividends and stock repurchases. CVB Financial Corp. reported a tangible book value per share of $10.64 as of June 30, 2025, exceeding regulatory standards under Basel III. CitizensTrust managed $5.0 billion in assets, with $3.54 billion under management, generating $3.7 million in revenue for the second quarter of 2025. CVBF, the holding company for Citizens Business Bank, boasts over $15 billion in total assets and is among California’s top bank holding companies. Join the conference call on July 24, 2025, at 7:30 a.m. PDT/10:30 a.m. EDT to discuss CVB Financial Corp.’s financial results. Forward-looking statements caution of risks and uncertainties affecting the Company’s performance and future developments. CVB Financial Corp. reported potential risks in their operations, including credit impairments, customer behavior changes, and geopolitical events. The company’s 2024 Annual Report outlines these risks. Non-GAAP financial measures were used in their earnings release, and investors should consider these alongside GAAP measures. For further information, contact President and CEO David A. Brager at (909) 980-4030.

In June 2025, CVB Financial Corp. had assets totaling $15,414,130, with $738,636 in cash and cash equivalents. The company’s total investment securities were $4,813,536, and they held $8,280,498 in net loans and lease finance receivables. CVB Financial Corp. also had $11,984,823 in total deposits and $500,000 in other borrowings.

In the second quarter of 2025, CVB Financial Corp. reported a net interest income of $111,608 before provision for credit losses. Noninterest income totaled $14,744, and noninterest expense was $57,557. Earnings before income taxes were $68,795, with net earnings of $50,564. Basic earnings per common share were $0.36, and diluted earnings per common share were the same.

Key financial highlights for CVB Financial Corp. in the second quarter of 2025 included a return on average assets of 1.34% and a return on average equity of 9.06%. The efficiency ratio was 45.55%, and the net interest margin was 3.31%. The tangible common equity ratio for the consolidated company was 10.02%, and the dividend payout ratio was 54.79%. CVB Financial Corp. and Subsidiaries reported nonperforming assets of $26.63 million, with a 0.17% ratio to total assets. Loan modifications for financially challenged borrowers totaled $9.53 million. The allowance for credit losses stood at $78.00 million, with a net recovery rate of 0.003% for the quarter.

The company’s regulatory capital ratios as of June 30, 2025, included a Tier 1 leverage ratio of 11.8% and a common equity Tier 1 ratio of 16.5%. The tangible book value per share was $10.64. CVB Financial Corp. also reported a return on average tangible common equity of 14.08% for the quarter.

CVB Financial Corp.’s loan portfolio included $6.52 billion in commercial real estate loans and $271.74 million in SBA loans. Deposit composition showed $7.25 billion in noninterest-bearing deposits and $583.99 million in time deposits. Nonperforming loans totaled $25.97 million, with delinquencies of $3.42 million past due 30-89 days.

The company’s quarterly earnings for Q2 2025 included net interest income of $111.61 million and noninterest income of $14.74 million. Earnings before income taxes were $68.79 million, with a net income of $50.56 million. The effective tax rate was 26.50%, and cash dividends declared per common share were $0.20.

Read more at GlobeNewswire: CVB Financial Corp. Reports Earnings for the Second Quarter