News about CVB Financial

CVB Financial Corp. (NASDAQ: CVBF) reported third-quarter 2026 net income of $78.1 million, or $0.44 per diluted share, up from $48.3 million ($0.29) in the second quarter and $52.6 million ($0.38) a year earlier. Net interest income rose $16.7 million, or 10.25%, from Q2 to $179.1 million, reflecting a full quarter of the Heritage Bank of Commerce acquisition, which closed April 17, 2026, and net interest margin expanded 17 basis points to 3.89%. Acquisition-related expenses fell to $8.1 million from $31.4 million in Q2, and the company recorded a $1.0 million recapture of credit losses. It repurchased $17.5 million of stock during the quarter and reported ROAA of 1.48% and ROATCE of 16.22%. CEO David Brager said the quarter marked the company's 198th consecutive quarter of profitability.