CVB Financial Corp reported net earnings of $52.6 million in the third quarter of 2025, with a return on average assets of 1.35%. The company’s efficiency ratio was 45.6% and net interest margin stood at 3.33%. Citizens Business Bank’s President praised the financial strength and focus on serving small to medium-sized businesses.

In the third quarter of 2025, CVB Financial Corp saw an increase in pre-provision/pre-tax income to $70.0 million. Net interest income rose to $115.6 million, while a legal settlement of $6 million was received. The company incurred an $8 million loss on the sale of AFS securities. Deposits increased by $186.5 million, and loans increased by $112.4 million.

Net interest income for CVB Financial Corp was $115.6 million in the third quarter, reflecting a 3.6% increase from the previous quarter. Interest income grew by $5.9 million, while interest expense increased by $1.9 million. The company’s net interest margin was 3.33%, representing a slight increase from the prior quarter and the same period last year. In the third quarter of 2025, the interest earning asset yields decreased to 4.32% from 4.43% in the previous quarter due to a decline in loan yields and yields on funds on deposit at the Federal Reserve. Average earning assets increased by $315.0 million compared to the second quarter of 2025 but declined by $1.06 billion compared to the third quarter of 2024.

Noninterest income was $13.0 million for the third quarter of 2025, a decrease from $14.7 million in the second quarter, primarily due to a loss on sales of available-for-sale securities. Noninterest expense for the third quarter of 2025 was $58.6 million, slightly higher than the previous quarter. The efficiency ratio was 45.6%.

The company reported total assets of $15.67 billion at September 30, 2025, representing an increase of $252.1 million from the previous quarter. Total assets increased by $512.6 million from December 31, 2024, including increases in interest-earning balances due from the Federal Reserve and total loans. Total assets increased by $263.0 million from September 30, 2024. CVB Financial Corp. reported an increase in assets, driven by a rise in interest-earning balances from the Federal Reserve. Total investment securities were $4.88 billion, with a slight decrease from the previous quarter. Loans and leases increased by $112.4 million, with a mix of increases and decreases in various loan categories. Asset quality remained stable, with a net recovery of $333,000 and an ACL of $79.3 million. Nonperforming assets and delinquency trends showed a slight decrease from the previous quarter. Deposits and customer repurchase agreements increased to $12.58 billion. Total equity was $2.28 billion, with an increase of $95.8 million from the previous quarter. Capital ratios under Basel III standards remained strong. Consolidated Minimum Required Plus Capital Conservation Buffer ratios for CitizensTrust as of September 30, 2025 are as follows: Tier 1 leverage capital ratio at 4.0%, common equity Tier 1 capital ratio at 7.0%, Tier 1 risk-based capital ratio at 8.5%, and total risk-based capital ratio at 10.5%. Tangible common equity ratio is at 10.1%.

CitizensTrust reported $5.2 billion in assets under management and administration, with $3.7 billion in assets under management. Revenues for Q3 2025 were $3.9 million, up from $3.7 million in Q2 2025 and $3.6 million in Q3 2024. They offer trust, investment, brokerage services, and financial planning.

CVB Financial Corp., the holding company for Citizens Business Bank, has over $15 billion in total assets. Citizens Business Bank is a top performing bank in California, offering banking, lending, and investing services with over 60 banking centers. Shares are listed on NASDAQ under the ticker symbol “CVBF”.

CVB Financial Corp. will hold a conference call on October 23, 2025, to discuss Q3 financial results. The call can be accessed live through registration. A webcast will also be available on the Citizens Business Bank website. Forward-looking statements were made, cautioning about potential risks and uncertainties affecting the company’s future developments. CVB Financial Corp. released its financial statements for the third quarter of 2025, showing total assets of $15.67 billion, an increase from the previous quarter. The company reported net earnings of $52.59 million and a return on average assets of 1.35%. The efficiency ratio was 45.56%, indicating strong operational performance.

The condensed consolidated balance sheets revealed that the company’s total cash and cash equivalents stood at $783.92 million, with total investment securities reaching $4.88 billion. Loans and lease finance receivables totaled $8.47 billion, with goodwill at $765.82 million. Total stockholders’ equity was $2.53 billion.

CVB Financial Corp.’s net interest income before provision for credit losses was $115.58 million, with interest income of $150.11 million and interest expense of $34.54 million. Noninterest income was $13.01 million, while noninterest expense reached $58.58 million. The company reported basic earnings per common share of $0.38.

For the third quarter of 2025, CVB Financial Corp. reported a return on average equity of 9.19% and a noninterest expense to average assets ratio of 1.50%. The yield on average loans was 5.25%, and the cost of deposits was 0.86%. The net interest margin stood at 3.33%. The company’s tangible common equity ratio (TCE) was not provided in the summary. CVB Financial Corp. reported financial highlights for the third quarter of 2025, showing a net interest income of $115,577, with total nonperforming assets at $28,465. The company’s tangible book value per share stood at $10.98. Loan portfolio by type included $6,535,319 in commercial real estate and $266,228 in SBA loans.

The company’s regulatory capital ratios as of September 30, 2025, exceeded the minimum requirements, with a Tier 1 leverage capital ratio of 11.8% and a common equity Tier 1 capital ratio of 16.3%. Nonperforming assets and delinquency trends showed $27,804 in nonperforming loans and $85 in past due 30-89 days loans.

CVB Financial Corp. also disclosed a tangible book value reconciliation, with tangible book value per share at $10.98 as of September 30, 2025. The return on average tangible common equity was 14.11% for the third quarter of 2025, demonstrating strong financial performance for the company.

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