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

CVB Financial (NASDAQ:CVBF) released its quarterly 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 net margin of 29.54% and a return on equity of 9.91%. The firm had revenue of $191.74 million for the quarter, compared to analyst estimates of $192.80 million. During the same quarter in the prior year, the business posted $0.38 EPS.

CVB Financial Stock Performance

NASDAQ:CVBF opened at $23.05 on Friday. The firm has a market cap of $4.06 billion, a PE ratio of 13.40 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.77. CVB Financial has a 1-year low of $18.01 and a 1-year high of $23.41. The firm has a 50 day simple moving average of $22.27 and a 200-day simple moving average of $21.65.

CVB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, September 30th. CVB Financial’s dividend payout ratio (DPR) is currently 55.17%.

Insider Buying and Selling

In related news, Director Mike Maddox bought 10,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $22.03 per share, for a total transaction of $220,300.00. Following the completion of the acquisition, the director owned 13,138 shares in the company, valued at $289,430.14. This trade represents a 318.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Harvey sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $22.94, for a total value of $917,600.00. Following the sale, the chief operating officer owned 98,149 shares of the company’s stock, valued at approximately $2,251,538.06. The trade was a 28.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen raised CVB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Stephens raised CVB Financial from an “equal weight” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Thursday, August 6th. Raymond James Financial raised CVB Financial from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Wednesday, July 1st. Piper Sandler boosted their target price on CVB Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Weiss Ratings downgraded shares of CVB Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.25.

CVB Financial News Roundup

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

• Positive Sentiment: CVBF reported third-quarter net income of $78.1 million, or $0.44 per diluted share, up from $48.3 million in the prior quarter and $52.6 million a year earlier. Net interest income increased to $179.1 million, while the net interest margin expanded 17 basis points sequentially to 3.89%. CVB Financial Reports Third-Quarter 2026 Net Income
• Positive Sentiment: Management’s outlook calls for approximately 13% EPS growth by 2027, supported by a full quarter of anticipated benefits from the Heritage integration. This provides investors with a forward earnings-growth catalyst beyond the current quarter. CVB Financial Targets 13% EPS Growth by 2027
• Positive Sentiment: CVB Financial repurchased $17.5 million of common stock during the quarter. Loans totaled $12.12 billion and deposits were $15.73 billion, indicating a substantial operating base following the Heritage transaction. CVB Financial Reports Third-Quarter 2026 Earnings
• Neutral Sentiment: Revenue was approximately $195.6 million, broadly in line with expectations. Management also reported a 1.48% return on average assets and 16.22% return on average tangible common equity. CVB Financial’s Q3 2026 Sales Beat Estimates
• Negative Sentiment: EPS of $0.44 was slightly below the $0.45 consensus estimate. Noninterest expense included $8.1 million in Heritage-related merger costs, and the company disclosed third-quarter charge-offs, leaving credit quality and integration expenses as risks to monitor. CVB Financial Lags Third-Quarter Earnings Estimates

About CVB Financial

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.