CVB Financial (NASDAQ:CVBF) Issues Earnings Results, Misses Estimates By $0.01 EPS

CVB Financial (NASDAQ:CVBF) posted its earnings results on Wednesday. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01), Zacks reports. CVB Financial had a return on equity of 9.42% and a net margin of 29.54%. The business had revenue of $191.74 million for the quarter, compared to the consensus estimate of $192.80 million. During the same period in the previous year, the firm earned $0.38 earnings per share.

CVB Financial Price Performance

Shares of CVBF opened at $22.92 on Monday. The firm has a market cap of $4.03 billion, a PE ratio of 15.18 and a beta of 0.66. The business’s 50 day moving average price is $22.27 and its two-hundred day moving average price is $21.67. CVB Financial has a 52-week low of $18.01 and a 52-week high of $23.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.77 and a current ratio of 0.75.

CVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.5%. CVB Financial’s payout ratio is presently 52.98%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler upped their price objective on CVB Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Wall Street Zen upgraded shares of CVB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Stephens raised shares of CVB Financial from an “equal weight” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Thursday, August 6th. Weiss Ratings lowered CVB Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, DA Davidson boosted their price target on shares of CVB Financial from $22.50 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.25.

Insider Transactions at CVB Financial

In other news, COO David Harvey sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $22.94, for a total transaction of $917,600.00. Following the transaction, the chief operating officer directly owned 98,149 shares of the company’s stock, valued at approximately $2,251,538.06. This trade represents a 28.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mike Maddox acquired 10,000 shares of the stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $22.03 per share, with a total value of $220,300.00. Following the completion of the purchase, the director directly owned 13,138 shares of the company’s stock, valued at approximately $289,430.14. This trade represents a 318.67% increase in their position. The SEC filing for this purchase provides additional information. 6.40% of the stock is currently owned by company insiders.

Key Headlines Impacting CVB Financial

Here are the key news stories impacting CVB Financial this week:

• Positive Sentiment: Third-quarter net income rose to $78.1 million, or $0.44 per diluted share, from $52.6 million, or $0.38 per share, a year earlier. Net income also increased sharply from $48.3 million in the second quarter. CVB Financial Reports Third-Quarter 2026 Net Income
• Positive Sentiment: Net interest income increased to $179.1 million, while the tax-equivalent net interest margin expanded 17 basis points sequentially to 3.89%. The bank ended the quarter with $20.52 billion in assets, $12.12 billion in loans and $15.73 billion in deposits. CVB Financial Q3 Earnings Call Highlights
• Positive Sentiment: Management said the Heritage merger integration should provide a full-quarter contribution going forward and outlined a goal of approximately 13% EPS growth by 2027, supporting the longer-term earnings outlook. CVB Financial Targets 13% EPS Growth by 2027
• Neutral Sentiment: CVBF repurchased $17.5 million of common stock during the quarter, which may support per-share results, while reported insider activity included more purchases than sales. CVB Financial Reports Earnings Results
• Negative Sentiment: EPS of $0.44 fell slightly short of the $0.45 consensus estimate. Noninterest expense included $8.1 million of Heritage merger-related costs, and the company also reported third-quarter charge-offs, factors that may be tempering the market’s reaction. CVB Financial Lags Q3 Earnings Estimates

CVB Financial Company Profile

CVB Financial Corp. is a bank holding company headquartered in Ontario, California. Its principal subsidiary, Citizens Business Bank, provides banking and financial services to businesses, professionals, and individuals, with a focus on relationship-based commercial banking.

Citizens Business Bank offers business checking and savings accounts, commercial and real estate loans, lines of credit, equipment financing, treasury management, cash management, and international banking services.