CVBF

MKT CAP:$3B

CVB Financial Corp.

Market Cap

$3B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$20.37+$1.70 (+9.11%)

Apr 22, 2026

Company Details

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money mark...

CEO

David A. Brager

IPO Date

Apr 4, 1983

Website

www.cbbank.com

Key Metrics TTM

Revenue

$517M

-20.0% YoY

Net Income

$209M

EPS (Diluted)

$1.52

Free Cash Flow

$217M

Revenue / Share

—

Gross Margin

74.6%

Operating Margin

54.3%

Net Margin

40.5%

FCF Margin

42.0%

P/S

5.3x

P/E

13.0x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$32M-80.0%EPS $0.38

FY 2025

Feb 27, 2026

$643M-2.3%EPS $1.52

Q4 2025

Feb 27, 2026

$163M+12.9%EPS $0.40

Q3 2025

Nov 7, 2025

$163M-3.7%EPS $0.38

Q2 2025

Aug 8, 2025

$159M-8.4%EPS $0.36

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$135M	$130M	$82M
Q3 22	$147M	$143M	$90M
Q4 22	$155M	$148M	$93M
Q1 23	$156M	$137M	$83M
Q2 23	$162M	$131M	$78M
Q3 23	$170M	$136M	$81M
Q4 23	$178M	$142M	$75M
Q1 24	$172M	$127M	$67M
Q2 24	$173M	$126M	$69M
Q3 24	$169M	$118M	$68M
Q4 24	$144M	$110M	$68M
Q1 25	$159M	$128M	$70M
Q2 25	$159M	$126M	$69M
Q3 25	$163M	$127M	$69M
Q4 25	$163M	$132M	$74M
Q1 26	$32M	$0	$69M

Valuation

Quarter	P/S	P/E
Q2 22	7.1x	17.3x
Q3 22	6.9x	16.6x
Q4 22	6.1x	14.6x
Q1 23	3.9x	9.2x
Q2 23	3.1x	7.8x
Q3 23	3.5x	9.3x
Q4 23	4.0x	12.2x
Q1 24	3.5x	11.4x
Q2 24	3.4x	11.5x
Q3 24	3.6x	12.4x
Q4 24	4.6x	15.0x
Q1 25	4.0x	12.6x
Q2 25	4.4x	13.5x
Q3 25	4.2x	13.0x
Q4 25	4.1x	12.7x
Q1 26	5.1x	12.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$75M	$74M
Q2 22	$53M	$52M
Q3 22	$74M	$73M
Q4 22	$71M	$70M
Q1 23	$70M	$70M
Q2 23	$92M	$90M
Q3 23	$85M	$84M
Q4 23	$49M	$47M
Q1 24	$77M	$77M
Q2 24	$26M	$24M
Q3 24	$71M	$70M
Q4 24	$75M	$73M
Q1 25	$42M	$41M
Q2 25	$53M	$52M
Q3 25	$82M	$81M
Q4 25	$45M	$43M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$1M
Q3 22	$2M
Q4 22	$1M
Q1 23	$343.0K
Q2 23	$2M
Q3 23	$531.0K
Q4 23	$2M
Q1 24	$166.0K
Q2 24	$2M
Q3 24	$1M
Q4 24	$2M
Q1 25	$679.0K
Q2 25	$850.0K
Q3 25	$836.0K
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+14.9%	+15.3%
Q3 22	+27.7%	+25.7%
Q4 22	+33.1%	+25.0%
Q1 23	+24.6%	+18.7%
Q2 23	+19.7%	+58.8%
Q3 23	+16.1%	+58.1%
Q4 23	+14.6%	+65.8%
Q1 24	+10.3%	+43.6%
Q2 24	+7.3%	+24.6%
Q3 24	-0.4%	+13.7%
Q4 24	-18.9%	-26.2%
Q1 25	-7.3%	-14.6%
Q2 25	-8.4%	-13.9%
Q3 25	-3.7%	-7.5%
Q4 25	+12.9%	+16.1%
Q1 26	-80.0%	-140.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	1.3%
Q2 22	$2M	1.5%
Q3 22	$2M	1.4%
Q4 22	$2M	1.5%
Q1 23	$2M	1.5%
Q2 23	$2M	1.5%
Q3 23	$2M	1.4%
Q4 23	$2M	1.3%
Q1 24	$2M	1.4%
Q2 24	$3M	1.5%
Q3 24	$3M	1.5%
Q4 24	$3M	1.8%
Q1 25	$3M	1.6%
Q2 25	$2M	1.5%
Q3 25	$2M	1.5%
Q4 25	-$1M	-0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$32M	$2M
Q3 22	$34M	$1M
Q4 22	$21M	$2M
Q1 23	$36M	$2M
Q2 23	$34M	$1M
Q3 23	$36M	$2M
Q4 23	$33M	$2M
Q1 24	$37M	$2M
Q2 24	$36M	$2M
Q3 24	$37M	$2M
Q4 24	$34M	$2M
Q1 25	$37M	$2M
Q2 25	$36M	$2M
Q3 25	$37M	$2M
Q4 25	$43M	$8M
Q1 26	—	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$704M	$3.6B	$4.3B
Q3 22	$326M	$3.3B	$3.6B
Q4 22	$213M	$3.3B	$3.5B
Q1 23	$239M	$3.2B	$3.4B
Q2 23	$649M	$3.1B	$3.7B
Q3 23	$245M	$2.9B	$3.1B
Q4 23	$290M	$3.0B	$3.2B
Q1 24	$962M	$2.8B	$3.8B
Q2 24	$852M	$2.7B	$3.6B
Q3 24	$478M	$2.5B	$2.9B
Q4 24	$205M	$64M	$269M
Q1 25	$533M	$65M	$597M
Q2 25	$750M	$58M	$807M
Q3 25	$797M	$55M	$853M
Q4 25	$108M	$0	$108M
Q1 26	$139M	$2.6B	$2.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	140M	-3.4%	+3.4%
Q3 22	139M	-0.5%	+2.9%
Q4 22	139M	+0.1%	+3.1%
Q1 23	139M	-0.3%	-4.2%
Q2 23	138M	-0.4%	-1.2%
Q3 23	138M	+0.1%	-0.6%
Q4 23	139M	+0.1%	-0.6%
Q1 24	139M	+0.0%	-0.3%
Q2 24	139M	+0.0%	+0.2%
Q3 24	139M	+0.1%	+0.3%
Q4 24	139M	-0.1%	+0.1%
Q1 25	139M	+0.5%	+0.5%
Q2 25	139M	+0.1%	+0.6%
Q3 25	138M	-0.8%	-0.3%
Q4 25	136M	-1.8%	-2.0%
Q1 26	0	-100.0%	-100.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$133.0K	1K
Q3 22	$144.4K	1K
Q4 22	$144.9K	1K
Q1 23	$145.2K	1K
Q2 23	$150.9K	1K
Q3 23	$158.7K	1K
Q4 23	$160.9K	1K
Q1 24	$155.2K	1K
Q2 24	$156.7K	1K
Q3 24	$153.0K	1K
Q4 24	$132.6K	1K
Q1 25	$146.2K	1K
Q2 25	$146.0K	1K
Q3 25	$149.8K	1K
Q4 25	$151.1K	1K
Q1 26	$29.5K	1K

Revenue / Employee