CVBF

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The quarter was defined by the April 17 closure and subsequent June system integration of Heritage Bank of Commerce, expanding total assets to $21.2 billion. Performance attribution was significantly impacted by $31.4 million in acquisition expenses and a $4.25 million provision for unfunded commitments, masking underlying core profitability. Net interest margin expanded by 28 basis points, driven by the integration of higher-yielding Heritage assets and strategic balance sheet optimization. Management optimized the acquired portfolio by selling $490 million in securities and $327 million in SFR mortgage pools at close to improve liquidity and yield profile. Loan originations surged 85% year-over-year, attributed to strong pipelines and the combined organization's increased lending capacity, which is approximately 2.5x larger than Heritage's standalone limit. Strategic positioning shifted toward a broader California footprint, leveraging new capabilities in wealth management, international services, and mortgage to deepen existing relationships. The cost of funds decreased slightly to 0.96% as management aggressively reduced wholesale funding, including the elimination of all brokered CDs. Management reaffirmed 2027 targets of 13% or greater EPS accretion, a 1.50% return on average assets, and a 17% return on tangible common equity. Expense synergies are expected to reach 90% to 95% of the stated goal by Q4 2026, with the full run-rate impact realized at the start of 2027. The investment portfolio is projected to generate $150 million to $200 million in quarterly cash flow, providing a liquidity tailwind for reinvestment into higher-yielding loans. Economic assumptions for the credit loss model include real GDP growth remaining below 2% through 2027 and unemployment reaching 5% by early 2027. Capital management strategy includes a newly authorized $15 million share repurchase plan to manage the capital surplus generated by the bank's high profitability. Incurred $31.4 million in one-time acquisition expenses related to the Heritage merger during the second quarter. Recorded a $4.25 million provision for credit losses specifically for acquired unfunded loan commitments from Heritage. Classified loans increased by $26.6 million from the prior quarter, primarily due to the addition of $29 million in classified loans inherited from the Heritage portfolio. Tangible book value per share decreased to $11.07 from $11.42, reflecting the impact of goodwill and intangibles from the acquisition. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that the combined organization can now pursue larger relationships that Heritage previously had to participate out due to lower house limits. The pipeline remains strong in investor commercial real estate, which is helping fill the gap left by lower C&I utilization rates. Q3 will still contain some 'noise' from acquisition expenses, though at less than half the level of Q2. Q4 is expected to be a 'clean' run rate representing the vast majority of projected cost savings. Management will not compete on high-priced CDs, focusing instead on maintaining a disciplined approach to relationship-based operating deposits. The bank is leveraging an enhanced online banking platform to improve the value proposition for legacy Heritage customers and defend the low-cost deposit base. Management acknowledged that achieving the 17% ROATCE target may take more time due to the bank's high capital generation. The bank will continue to evaluate share repurchases and potential dividend adjustments once a clear post-merger earnings run rate is established.

Interested in CVB Financial Corporation? Here are five stocks we like better. CVB Financial’s Q2 earnings fell as acquisition-related expenses from Heritage Bank of Commerce weighed on results, with net income of $48.3 million, or $0.29 per share, down from both the prior quarter and a year ago. Management said the company still delivered its 197th straight profitable quarter and 147th consecutive cash dividend. The Heritage acquisition significantly expanded the balance sheet, lifting total assets to $21.2 billion and deposits/customer repos to $16.9 billion. Executives said the deal adds lending capacity, broader California reach and future earnings potential, despite $31.4 million in acquisition costs during the quarter. Core banking trends remained solid, with net interest income rising on a larger earning-asset base, loan originations up sharply, and credit metrics staying low. Noninterest income also improved, and management said integration is progressing with expected synergy benefits showing more fully in 2027. CVB Financial (NASDAQ:CVBF) reported lower second-quarter earnings as costs tied to its acquisition of Heritage Bank of Commerce weighed on results, while management said the deal expanded the company’s balance sheet, lending capacity and footprint across California. Chief Executive Officer Dave Brager said the company earned $48.3 million, or $0.29 per share, in the second quarter of 2026. That compared with $51 million, or $0.38 per share, in the first quarter of 2026, and $50.6 million, or $0.37 per share, in the prior-year quarter. Brager said the quarter marked CVB Financial’s 197th consecutive quarter of profitability, spanning more than 49 years. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? The company also previously declared a $0.20-per-share dividend for the second quarter, which Brager said represented its 147th consecutive quarter of paying a cash dividend. Results for the quarter reflected the April 17 closing of CVB Financial’s acquisition of Heritage Bank of Commerce. The companies completed their core banking systems integration at the end of the second quarter. → 3 Photonics Companies Making Quantum Tech Possible Brager said CVB Financial incurred $31.4 million in acquisition expenses during the quarter, $30.3 million higher than in the first quarter. The company also recorded a $4.25 million provision for unfunded commitments related to acquired Heritage unfunded loan commitments. Excluding those items, Brager said pre-tax income would have been $100.7 million, compared with reported pre-tax income of $65 million. Chief Financial Officer Allen Nicholson said total assets rose to $21.2 billion at June 30 from $15.5 billion at March 31, including the effect of the Heritage acquisition. He said total consideration for the acquisition was approximately $845 million, resulting in total intangible assets of about $450 million, including $334 million of goodwill. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off The acquisition included $1 billion of investment securities. Nicholson said CVB Financial sold $490 million of those securities at the close of the merger and subsequently purchased $500 million of new securities with an average yield of approximately 4.7%. The company also sold single-family residential mortgage pools acquired from Heritage at their fair value of $327 million, with the sale settling on June 10. Average earning assets were $17.6 billion in the second quarter, up $3.7 billion from the first quarter, Nicholson said. Combined with a 28-basis-point expansion in net interest margin, the higher earning asset base drove a $44.6 million increase in net interest income from the first quarter. Nicholson said the company also adjusted wholesale funding during the quarter. CVB Financial replaced $300 million of maturing brokered certificates of deposit that were hedged with pay-fixed swaps with 90-day Federal Home Loan Bank advances. It also chose not to replace $300 million of maturing putable FHLB advances that carried a 4.73% borrowing rate. As a result, Nicholson said the company no longer has brokered CDs, and FHLB advances totaled $500 million at quarter-end. Despite a modest increase in deposit costs, the company’s overall cost of funds declined to 0.96% in the second quarter from 0.97% in the first quarter. During the question-and-answer session, Nicholson pointed analysts to additional disclosures in the company’s investor deck to help frame margin expectations, including base loan yields, investment portfolio book yields, principal runoff and deposit costs. He said CVB Financial continues to see cash flow from the investment portfolio that can be redeployed at higher yields than the portfolio’s current yield. Brager said loan originations remained strong in the quarter, rising approximately 85% from the second quarter of 2025 and 40% from the first quarter of 2026. Loan originations carried average yields of about 6%, in line with the first quarter. Total loans were $12.1 billion at June 30, compared with $8.64 billion at March 31. The $3.37 billion increase included $3.15 billion of loans acquired from Heritage, net of the single-family residential loan pools sold before quarter-end. The company’s average loan yield was 5.53% in the second quarter, up from 5.32% in the first quarter and 5.22% in the prior-year quarter. Excluding loan fees and discount accretion on acquired loans, Brager said the base loan yield rose to 5.37% at June 30 from 5.14% at March 31. Overall line utilization was 41% at June 30, down from 44% at March 31. However, commercial and industrial line utilization increased to 32% from 30%, while dairy and livestock loan utilization fell to 63% from 69%, which Brager said was in line with typical patterns for those loans. CVB Financial reported $137,000 of net charge-offs during the second quarter and no provision for credit losses. Non-performing assets increased by $10.5 million to $16.8 million, representing 8 basis points of total assets. Classified loans were $109.7 million, or 0.91% of total loans, with the increase from March 31 attributed to $29 million of classified Heritage loans. Total deposits and customer repurchase agreements were $16.9 billion at June 30, compared with $12.4 billion at March 31. Brager said the increase reflected $4.75 billion of deposits acquired from Heritage, partially offset by the maturity of $300 million of brokered CDs that were not renewed. Noninterest-bearing deposits represented 53% of total deposits at June 30, compared with 59% before the merger at March 31. The cost of deposits and repos was 86 basis points in the second quarter, compared with 82 basis points in the first quarter and 87 basis points in the year-earlier period. President Clay Jones said noninterest income rose to $17 million from $14.3 million in the first quarter, reflecting higher fee income across nearly all categories. Deposit and other banking service fees increased by $850,000, trust and investment services income rose by $460,000, international banking income increased by $200,000 and bank-owned life insurance income rose by $350,000. Jones said the Heritage conversion into Citizens Business Bank was completed over the June 19-21 weekend. He described the conversion as successful and said customers are beginning to benefit from an enhanced online banking platform. Management said the combined company has greater lending capacity and broader opportunities in trust and wealth management, home mortgage and international services. During the Q&A session, Brager said the combined platform gives former Heritage offices additional capacity, noting that CVB Financial’s lending limit is substantially larger than Heritage’s prior limit. Brager said the company continues to expect the acquisition to support earnings-per-share accretion of at least 13% in 2027, along with a return on average assets of 1.50% and a return on tangible common equity of 17%. Nicholson said the full impact of expense synergies is expected to be seen by the beginning of 2027, with the fourth quarter providing a cleaner run rate. “Today, we are operating as one bank with a stronger presence across California’s major economic markets and a broader platform to serve our customers,” Jones said. CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary. The company's core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "CVB Financial Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

For the quarter ended June 2026, CVB Financial (CVBF) reported revenue of $179.43 million, up 42% over the same period last year. EPS came in at $0.44, compared to $0.36 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $183.11 million, representing a surprise of -2.01%. The company delivered an EPS surprise of +4.76%, with the consensus EPS estimate being $0.42. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how CVB Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 3.7% compared to the 3.6% average estimate based on three analysts. Efficiency ratio: 63.8% compared to the 44.7% average estimate based on three analysts. Total NonPerforming Loan: $16.64 million versus the two-analyst average estimate of $10.06 million. Net Charge-off (% of Average Loans): 0% compared to the 0.1% average estimate based on two analysts. Total NonPerforming Assets: $16.85 million versus the two-analyst average estimate of $10.16 million. Total interest-earning assets: $17.57 billion versus the two-analyst average estimate of $18.23 billion. Net Interest Income: $162.42 million versus the three-analyst average estimate of $161.52 million. Total Noninterest Income: $17.01 million compared to the $16.53 million average estimate based on three analysts. Net Interest Income (FTE): $162.92 million compared to the $165.42 million average estimate based on two analysts. View all Key Company Metrics for CVB Financial here>>> Shares of CVB Financial have returned +4% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CVB Financial Corporation (CVBF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Net Earnings: $48.3 million or $0.29 per share for Q2 2026. Pretax Income: $65 million for Q2 2026. Acquisition Expenses: $31.4 million in Q2 2026. Total Assets: Increased from $15.5 billion to $21.2 billion as of June 30, 2026. Net Interest Income: Increased by $44.6 million in Q2 2026 compared to Q1 2026. Allowance for Credit Losses: Increased to $126.7 million as of June 30, 2026. Shareholders' Equity: $3.2 billion as of June 30, 2026. Tangible Book Value per Share: $11.07 as of June 30, 2026. Total Loans: $12.1 billion as of June 30, 2026. Total Deposits: $16.9 billion as of June 30, 2026. Noninterest Income: $17 million in Q2 2026. Noninterest Expense: $114.4 million in Q2 2026. Adjusted Efficiency Ratio: 43.9% in Q2 2026. Warning! GuruFocus has detected 4 Warning Signs with CVBF. Is CVBF fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CVB Financial Corp (NASDAQ:CVBF) reported net earnings of $48.3 million for the second quarter of 2026, marking its 197th consecutive quarter of profitability. The acquisition of Heritage Bank of Commerce significantly increased total assets from $15.5 billion to $21.2 billion. Loan originations in the second quarter were approximately 85% higher than the same quarter in 2025, with strong pipelines and average yields of approximately 6%. Noninterest income increased by $2.7 million quarter-over-quarter, driven by growth in fee income across various categories. The integration of Heritage Bank was completed successfully, enhancing CVBF's online banking platform and expanding its presence in California's major economic markets. Net earnings per share decreased from $0.38 in the first quarter of 2026 to $0.29 in the second quarter. The acquisition incurred $31.4 million in expenses, impacting the overall financial results for the quarter. Total nonperforming assets increased by $10.5 million to $16.8 million, representing 8 basis points of total assets. The tangible book value per share decreased from $11.42 at March 31, 2026, to $11.07 at June 30, 2026. The company's tangible common equity ratio declined from 10.5% at March 31, 2026, to 9.8% at June 30, 2026. Q: Can you confirm the accretion number included in the net interest income and if there were additional securities marks? A: E. Allen Nicholson, CFO: From a security standpoint, everything acquired is AFS, so it changes with market value. The accretion specifically for the merger was $2.7 million. Q: How far along are you with cost savings from the merger, and what should we expect in terms of expenses? A: E. Allen Nicholson, CFO: Q3 will still have some acquisition expenses, but less than Q2. The full impact of expense synergies will be seen by the beginning of 2027. Q: What are your thoughts on loan growth going forward, especially with the integration into the Bay Area? A: Robertson Jones, President: The pipelines look strong despite pricing pressure and competition. We are fully integrated and looking for opportunities as one bank. Q: Can you provide more color on the remarkable organic growth and its drivers? A: David Brager, CEO: Strong pipelines and increased capacity from the merger have driven growth, particularly in investor commercial real estate. The collaboration between teams has also been effective. Q: How should we think about the reinvestment of liquidity and balance sheet optimization? A: E. Allen Nicholson, CFO: We have deployed cash from the sale of SFR mortgages and will maintain higher balances than pre-merger. The investment portfolio generates significant cash flow, which can be reinvested in loans. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

CVB Financial (CVBF) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this bank holding company would post earnings of $0.38 per share when it actually produced earnings of $0.38, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. CVB Financial, which belongs to the Zacks Banks - West industry, posted revenues of $179.43 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.01%. This compares to year-ago revenues of $126.35 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CVB Financial shares have added about 20.5% since the beginning of the year versus the S&P 500's gain of 9.7%. While CVB Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CVB Financial was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.43 on $194.64 million in revenues for the coming quarter and $1.63 on $706.03 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hope Bancorp (HOPE), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 27. This bank holding company is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of +36.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hope Bancorp's revenues are expected to be $146.8 million, up 10% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CVB Financial Corporation (CVBF) : Free Stock Analysis Report Hope Bancorp, Inc. (HOPE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Second Quarter 2026 Net Earnings of $48.3 million, or $0.29 per share Assets totaled $21.18 billion as acquisition of Heritage Commerce Corp completed on April 17, 2026 Net Interest Margin expanded to 3.72% $31.4 million of acquisition expense and $4.25 million provision for unfunded loan commitments Ontario, CA, July 22, 2026 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (“CVBF” or the “Company”) and its subsidiary, Citizens Business Bank, National Association (“Citizens” or the “Bank”), announced earnings for the quarter ended June 30, 2026. CVB Financial Corp. reported net income of $48.3 million for the quarter ended June 30, 2026, compared with $51.0 million for the first quarter of 2026 and $50.6 million for the second quarter of 2025. Diluted earnings per share were $0.29 for the second quarter, compared to $0.38 for the prior quarter and $0.37 for the same period last year. For the second quarter of 2026, annualized return on average equity (“ROAE”) was 6.41%, annualized return on average tangible common equity (“ROATCE”) was 10.85%, and annualized return on average assets (“ROAA”) was 0.97%. On April 17, 2026, the Company completed its acquisition of Heritage Commerce Corp (“Heritage”), including its banking subsidiary, Heritage Bank of Commerce, and also completed the systems conversion during the second quarter of 2026. The Company’s second quarter 2026 financial results included 74 days of Heritage's operations, post-merger, which impacts the comparability of the current quarter's results to prior periods. At close, the Company acquired loans with a fair value of $3.4 billion, assumed $1.2 billion of noninterest-bearing deposits, $3.5 billion of interest-bearing deposits, and $38.7 million of subordinated debentures. The acquisition resulted in $450.7 million of intangible assets, including a core deposit premium of $116.6 million and goodwill of $334.1 million. During the quarter, $31.4 million of acquisition expenses were incurred and a $4.25 million provision for unfunded loan commitments was recorded. David Brager, Chief Executive Officer of the Company, commented, “Our consistent financial performance is highlighted by our 197 consecutive quarters, or 49 years, of profitability, and our 147 consecutive quarters of paying cash dividends. I would like to thank our customers and associates for their continued commitment and loyalty, as well as our associates for the outstanding efforts and commitment to the successful systems conversion completed in June" Brager continued, "the merger with Heritage Bank of Commerce marks the most strategic and largest acquisition by asset size in our history, bringing together two premier, relationship focused business banks and advancing our longstanding objective of expanding Citizens throughout California. With the systems integration behind us, we will continue to focus on our vision of serving the comprehensive financial needs of small to medium sized businesses and their owners. We now operate in every major economic center of California and will continue to deliver our relationship focused banking model throughout the state of California.” Highlights for the Second Quarter of 2026 Net interest income grew by $44.6 million, or 37.8% from Q1 of 2026 Net interest margin of 3.72% increased by 28 basis points from Q1 of 2026 Loans increased by $3.37 billion, or 39.0% from the end of Q1 of 2026 Completed sale of SFR mortgage pool loans acquired from Heritage with a fair value of $327 million Average total deposit and customer repurchase agreements increased by $3.60 billion, or 29.0% from Q1 of 2026 52.8% of total deposits noninterest-bearing at quarter end Cost of funds decreased to 0.96% from 0.97% in Q1 of 2026 Adjusted efficiency ratio of 43.88%, excluding acquisition expense and provision for unfunded loan commitments[1] Announced share repurchase plan up to 15 million shares, replacing the prior 2024 share repurchase program INCOME STATEMENT HIGHLIGHTS Net Interest IncomeNet interest income was $162.4 million for the second quarter of 2026, an increase of $44.6 million, or 37.83%, from the first quarter of 2026, and an increase of $50.8 million, or 45.52%, from the second quarter of 2025. The quarter-over-quarter and year-over-year increases in net interest income largely reflects the impact of operating as a combined company for approximately two and a half months following the Heritage acquisition. Interest income increased by $53.0 million, or 35.56%, from the first quarter of 2026, while interest expense increased by $8.4 million, or 27.00%, to $39.7 million in the second quarter of 2026. The quarter-over-quarter increase in net interest income was primarily due to a 28 basis point increase in net interest margin and a $3.67 billion increase in average interest-earning assets. ___________________________________[1] Non-U.S. generally accepted accounting principles (“GAAP”) financial measures. See GAAP to non–GAAP reconciliations of the measures are set forth at the last section of this press release. Compared to the second quarter of 2025, the $50.8 million increase in net interest income was primarily driven by a $57.9 million increase in interest income driven by a $4.01 billion increase in average interest-earning assets and a 34 basis point increase in the yield on earning assets. The increase in interest income was offset by a $7.1 million increase in interest expense attributable to a $2.83 billion increase in average interest-bearing deposits and customer repurchase agreements. Net Interest MarginOur tax equivalent net interest margin was 3.72% for the second quarter of 2026, compared to 3.44% for the first quarter of 2026 and 3.31% for the second quarter of 2025. The 28 basis points increase in our net interest margin compared to the first quarter of 2026 was primarily attributable to a 28 basis points increase in our average interest-earning assets yield, which was primarily driven by a 21 basis points increase in our average loan yield and a 11 basis points increase in our average investment securities yield. The increase in average loan yields reflected the Company's acquisition of Heritage and the addition of higher-yielding acquired assets, including approximately $86.1 million of average factored receivables during the quarter. Through the acquisition, the Company acquired CSNK Working Capital Finance Corp., doing business as Bay View Funding, a wholly owned subsidiary of the Bank that provides working capital factoring financing to businesses throughout the United States. During the quarter, the average yield on factored receivables was 18.04%. Cost of funds remained stable at 0.96% for the second quarter of 2026 compared to 0.97% in the first quarter of 2026, reflecting a 24 basis points decrease in the cost of FHLB borrowing, offset by a five basis point increase in our cost of deposits to 0.83%, from 0.78%. Our tax equivalent net interest margin for the second quarter of 2026 increased by 41 basis points compared to the second quarter of 2025, reflecting a 34 basis point increase in the average interest-earning assets yield and a seven basis point decrease in cost of funds. The increase in earning assets yield was primarily due to a 31 basis point increase in average loan yields, reflecting the addition of higher-yielding acquired factored receivables portfolio acquired through the Heritage acquisition. Partially offsetting this increase was a lower yield on funds deposited at the Federal Reserve, resulting from the 75 basis points reduction in federal funds target rate by FOMC during the last four months of 2025. The average yield on investment securities increased by 12 basis points from the second quarter of 2025, despite the impact of the fair value hedges of our investment securities available-for-sale ("AFS"), which generated a negative carry during the second quarter of 2026 and reduced interest income by $1.4 million compared to the positive carry recognized in the same quarter last year. Cost of funds decreased to 0.96% in the second quarter of 2026 from 1.03% in the second quarter of 2025. This decrease was driven by a 35 basis point reduction in cost of interest-bearing deposits and a 29 basis point decrease in cost of FHLB borrowing. Partially offsetting these lower funding costs, noninterest-bearing deposits declined as a percentage of average total deposits to 52.3% in the second quarter of 2026 from 59.7% in the second quarter of 2025, resulting in a less favorable deposit mix. Earning Assets and DepositsThe increases in average earning assets and average total deposits were primarily attributable to the Heritage acquisition. On average, earning assets increased by $3.67 billion compared to the first quarter of 2026 and increased $4.01 billion compared to the second quarter of 2025. The quarter-over-quarter increase in interest-earning assets was primarily attributable to a $2.92 billion increase in average loans, a $388.0 million increase in average interest-earning deposits at the Federal Reserve, and $349.7 million increase in average investment securities. The year-over-year increase in interest-earning assets was primarily attributable to a $3.19 billion increase in average loans, a $423.5 million increase in average investment securities and a $331.2 million increase in average interest-earning deposits at the Federal Reserve. The average balance on noninterest-bearing deposits increased by $1.23 billion, or 17.83%, from the first quarter of 2026 and by $1.07 billion, or 15.20%, from the second quarter of 2025. The average balance on interest-bearing deposits and customer repurchase agreements increased by $2.38 billion from the first quarter of 2026 and increased by $2.83 billion from the second quarter of 2025. On average, noninterest-bearing deposits were 52.3% of total deposits for the second quarter of 2026, compared to 57.8% for the first quarter of 2026 and 59.7% for the second quarter of 2025. SELECTED FINANCIAL HIGHLIGHTS Provision for Credit LossesThere was no provision for credit losses in the second quarter of 2026, compared to a $3.0 million provision for credit losses in the first quarter of 2026 and no provision for credit losses in the second quarter of 2025. Noninterest IncomeNoninterest income totaled $17.0 million for the second quarter of 2026, an increase of $2.7 million from $14.3 million for the first quarter of 2026 and an increase of $2.3 million from $14.7 million for the second quarter of 2025, including the impact of the Heritage acquisition. The quarter-over-quarter increase includes a $519,000 increase in service charges on deposit accounts, a $460,000 increase in trust and investment services income, and a $353,000 increase in bank-owned life insurance (“BOLI”) income. Noninterest ExpenseNoninterest expense totaled $114.4 million for the second quarter of 2026, compared to $60.6 million for the first quarter of 2026 and $57.6 million for the second quarter of 2025. The increase was primarily attributable to the Heritage acquisition, and the related addition of operations, personnel, and banking centers. Acquisition related expenses associated with the Heritage merger totaled $31.4 million in the second quarter of 2026, compared to $1.1 million for the first quarter of 2026. Excluding acquisition expense, noninterest expense increased $23.5 million compared to the first quarter of 2026. This increase was primarily driven by a $9.1 million increase in salaries and employee benefits, a $3.8 million increase in provision for unfunded loan commitments attributable to day 1 provision from the Heritage acquisition of $4.25 million, and a $2.7 million increase in amortization of intangible assets resulting from the core deposit intangibles associated with the acquisition, and $1.8 million increase in computer software expense. Excluding acquisition expense and the provision for unfunded loan commitments, the increase in noninterest expense compared to the second quarter of 2025 was $21.2 million. As a percentage of average assets, noninterest expense was 2.31% for the second quarter of 2026, 1.58% for the first quarter of 2026, and 1.52% for the second quarter of 2025. The efficiency ratio was 63.75% for the second quarter of 2026, compared to 45.84% for the first quarter of 2026 and 45.55% for the second quarter of 2025. Excluding acquisition related expenses and the provision for unfunded loan commitments, the adjusted efficiency ratio[1] was 43.88% for the second quarter of 2026, compared to 44.61% for the first quarter of 2026 and 45.55% for the second quarter of 2025. Income TaxesOur effective tax rate for the quarter ended June 30, 2026 was 25.81%, compared with 25.60% for the first quarter of 2026, and 26.50% for the second quarter of 2025. Our estimated annual effective tax rate can vary depending upon the level of tax-advantaged income from municipal securities and BOLI, as well as tax credit investments. BALANCE SHEET HIGHLIGHTS AssetsTotal assets were $21.18 billion at June 30, 2026, an increase of $5.68 billion, or 36.60%, from $15.51 billion at March 31, 2026. The increase was primarily attributable to a $3.37 billion increase in total loans, $839.1 million increase in investment securities and a $596.0 million increase in interest-earning balances due from the Federal Reserve. The increases in total assets compared to prior periods primarily reflect the impact of the Heritage acquisition completed on April 17, 2026, partially offset by balance sheet optimization activities during the quarter. Total assets increased by $5.55 billion, or 35.52%, from $15.63 billion at December 31, 2025. The increase in assets was primarily driven by an increase of $3.32 billion, or 38.14%, in total loans, a $722.8 million, or 14.59% increase in investment securities and a $640.9 million, or 238.36%, increase in interest-earnings balances due from the Federal Reserve. Total assets at June 30, 2026 increased by $5.77 billion, or 37.42%, from $15.41 billion at June 30, 2025. The increase in assets was primarily driven by an increase of $3.66 billion, or 43.77%, in total loans, an increase of $862.8 million, or 17.92%, in investment securities, and an increase of $366.2 million, or 67.37%, in interest-earning balances due from the Federal Reserve. Investment SecuritiesTotal investment securities were $5.68 billion at June 30, 2026, an increase of $839.1 million, or 17.35%, from $4.84 billion at March 31, 2026, an increase of $722.8 million, or 14.59%, from December 31, 2025, and an increase of $862.8 million, or 17.92%, from $4.81 billion at June 30, 2025. The increase in investment securities in the second quarter of 2026 compared to prior quarters was primarily the result of approximately $519.0 million of investment securities acquired and retained from the Heritage acquisition as well as approximately $500.0 million of purchases of AFS securities during the quarter. As part of the Company's balance sheet management strategy to improve portfolio yields and reduce asset duration, approximately $490 million of securities acquired from Heritage were sold at close of the merger and reinvested in lower duration securities at an average yield of approximately 4.70%. At June 30, 2026, investment securities held-to-maturity (“HTM”) totaled $2.22 billion, a decrease of $29.5 million, or 1.31%, from March 31, 2026 and a decrease of $108.7 million, or 4.67%, from June 30, 2025. ___________________________________ [1] Non-GAAP financial measures. See GAAP to non–GAAP reconciliations of the measures are set forth at the last section of this press release. At June 30, 2026, investment securities AFS totaled $3.46 billion, inclusive of a pre-tax net unrealized loss of $323.5 million. AFS securities increased by $868.6 million, or 33.55% from March 31, 2026 and increased by $971.5 million, or 39.07%, from $2.49 billion at June 30, 2025. The pre-tax net unrealized loss at June 30, 2026 increased by $13.1 million from March 31, 2026 and decreased by $40.2 million from June 30, 2025. LoansTotal loans and leases, at amortized cost, of $12.02 billion at June 30, 2026 increased by $3.37 billion, or 39.03%, from $8.64 billion at March 31, 2026. The quarter-over-quarter increase was primarily due to increases of $2.35 billion in commercial real estate loans, $526.6 million in commercial and industrial loans, $166.3 million in consumer loans, $150.7 million in construction loans, $149.9 million in Small Business Administration (“SBA”) loans, and $63.1 million in single-family residential (“SFR”) mortgage loans, partially offset by decreases of $33.8 million in dairy & livestock and agribusiness loans, and $1.4 million in municipal lease finance receivables. The increase in total loans and leases compared to prior quarters was primarily attributable to the Heritage acquisition, which added $3.10 billion of loans held for investment recorded at fair value as of the acquisition date. Total loans and leases, at amortized cost, increased by $3.32 billion, or 38.14%, from December 31, 2025. The increase included increases of $2.41 billion in commercial real estate loans, $505.3 million in commercial and industrial loans, $172.2 million in construction loans, $166.7 million in consumer loans, $159.2 million in SBA loans, and $59.6 million in SFR mortgage loans. These increases were partially offset by decreases of $150.6 million in dairy & livestock and agribusiness loans associated with the seasonal increase that occurs every calendar year end, and $3.5 million in municipal lease finance receivables loans. Total loans and leases, at amortized cost, increased by $3.66 billion, or 43.77%, from June 30, 2025. The $3.66 billion increase included increases of $2.47 billion in commercial real estate loans, $566.5 million in commercial and industrial loans, $192.3 million in construction loans, $170.9 million in consumer loans, $169.8 million in SBA loans, $52.9 million in SFR mortgage loans, partially offset by a decrease of $7.6 million in municipal lease finance receivables. Asset QualityDuring the second quarter of 2026, we experienced credit charge-offs of $141,000 and total recoveries of $4,000, resulting in net charge-offs of $137,000, which compares to net recoveries of $9,000 in the prior quarter. The allowance for credit losses (“ACL”) totaled $126.7 million at June 30, 2026, compared to $80.2 million at March 31, 2026 and $78.0 million at June 30, 2025. The ACL increased $46.5 million in the second quarter of 2026, reflecting the initial ACL of $46.6 million on the purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired from the Heritage acquisition. At June 30, 2026, the ACL as a percentage of total loans and leases outstanding was 1.05%. This compares to 0.93% at both March 31, 2026 and June 30, 2025. Nonperforming loans, defined as nonaccrual loans, including modified loans on nonaccrual, plus loans 90 days past due and accruing interest, and nonperforming assets, defined as nonperforming plus OREO, are highlighted below. The $10.5 million increase in nonperforming loans from March 31, 2026 was primarily due to the addition of 12 nonperforming commercial and industrial loans totaling $6.2 million, three nonperforming commercial real estate loans totaling $4.3 million, and one nonperforming construction loan for $685,000, offset by three commercial real estate nonaccrual loan payoffs totaling $1.5 million. Classified loans are loans that are graded “substandard” or worse. Classified loans increased $26.7 million quarter-over-quarter, primarily driven by $29.1 million of classified loans acquired in the Heritage merger. Deposits & Customer Repurchase AgreementsDeposits of $16.29 billion and customer repurchase agreements of $563.4 million totaled $16.85 billion at June 30, 2026, compared to $12.44 billion at March 31, 2026, $12.56 billion at December 31, 2025, and $12.39 billion at June 30, 2025. Deposits and customer repurchase agreements increased $4.41 billion, or 35.47%, from March 31, 2026, $4.29 billion, or 34.15% from December 31, 2025, and $4.46 billion, or 36.03%, from June 30, 2025. The increases primarily reflected $1.2 billion of noninterest-bearing deposits and $3.5 billion of interest-bearing deposits assumed in connection with the Heritage acquisition completed during the second quarter of 2026. Noninterest-bearing deposits were $8.61 billion at June 30, 2026, an increase of $1.51 billion, or 21.22%, compared to $7.10 billion at March 31, 2026. Noninterest-bearing deposits increased $1.81 billion, or 26.56%, from $6.80 billion at December 31, 2025 and $1.36 billion, or 18.76%, from $7.25 billion at June 30, 2025. At June 30, 2026, noninterest-bearing deposits were 52.84% of total deposits, compared to 59.44% at March 31, 2026, 56.33% at December 31, 2025, and 60.47% at June 30, 2025. The decrease in noninterest-bearing deposits as a percentage of total deposits primarily reflected the mix of deposits assumed in the Heritage acquisition, which included a higher proportion of interest-bearing deposits. BorrowingsAs of June 30, 2026, total borrowings were $539.0 million, consisting of $500.0 million of Federal Home Loan Bank ("FHLB") advances and $39.0 million of subordinated debt assumed in the Heritage acquisition, compared to $500.0 million of FHLB advances at both March 31, 2026 and December 31, 2025. At June 30, 2026, FHLB advances consisted of $300.0 million of 90 day advances that have been hedged with a cashflow hedge in which the Company pays a fixed rate cost of 4.10% and receives SOFR and $200.0 million putable advance with a cost of 4.27% maturing in May 2027. During the second quarter of 2026, $300.0 million of FHLB advances, with a weighted-average cost of 4.73%, matured in May and were not replaced during the quarter. CapitalThe Company’s total equity was $3.17 billion at June 30, 2026, compared to $2.30 billion at December 31, 2025 and $2.24 billion at June 30, 2025. The increase of $874.5 million from December 31, 2025 was primarily due to $840.2 million of common shares issued and exchanged as a result of the Heritage acquisition and $99.3 million in net earnings, partially offset by $62.5 million in cash dividends declared and $5.1 million common stock repurchases. On June 15, 2026, the Board of Directors approved a program to repurchase up to 15,000,000 shares of CVB common stock (the “2026 Repurchase Program”). The 2026 Repurchase Program replaced in its entirety the Company's previous 2024 share repurchase program. During the second quarter of 2026, the Company purchased 241,034 shares under the 2026 Repurchase Program, at an average price of $21.06 per share for an aggregate purchase price of $5.1 million. Our tangible book value per share was $11.07 at June 30, 2026, compared to $11.42 at March 31, 2026 and $10.64 at June 30, 2025, respectively. Our capital ratios under the revised capital framework referred to as Basel III remain well above regulatory standards. CitizensTrustAs of June 30, 2026, CitizensTrust had approximately $5.18 billion in assets under management and administration, including $3.81 billion in assets under management. Revenues were $4.2 million for the second quarter of 2026, compared to $3.7 million in the first quarter and $3.7 million for the second quarter of 2025. CitizensTrust provides trust, investment and brokerage related services, as well as financial, estate and business succession planning. Corporate Overview CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank, National Association. CVBF is one of the ten largest bank holding companies headquartered in California with more than $20 billion in total assets as of the closing of the mergers with Heritage Commerce Corp and its principal banking subsidiary, Heritage Bank of Commerce. Citizens Business Bank, National Association, is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services with more than 75 banking centers and three trust office locations serving California. Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab. Conference CallManagement will hold a conference call at 7:30 a.m. PDT/10:30 a.m. EDT on Thursday, July 23, 2026, to discuss the Company’s second quarter 2026 financial results. The conference call can be accessed live by registering at: https://register-conf.media-server.com/register/BIf3989c35152a4f7d8d7a5a51b75f972f The conference call will also be simultaneously webcast over the Internet; please visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab to access the call from the site. Please access the website 15 minutes prior to the call to download any necessary audio software. This webcast will be recorded and available for replay on the Company’s website approximately two hours after the conclusion of the conference call and will be available on the website for approximately 12 months. Forward-Looking Statements Certain statements set forth herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Words such as “will likely result”, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will,” “strategy”, “possibility”, and variations of these words and similar expressions help to identify these forward-looking statements, which involve risks and uncertainties that could cause actual results or performance to differ materially from those projected. These forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation, plans, strategies, goals and statements about the Company’s outlook regarding revenue and asset growth, financial performance and profitability, capital and liquidity levels, loan and deposit levels, growth and retention, yields and returns, loan diversification and credit management, stockholder value creation, tax rates, the impact of business, economic, or political developments, the impact of monetary, fiscal and trade policies, and the impact of acquisitions we have made or may make, including our recent acquisition of Heritage Commerce Corp and its wholly-owned banking subsidiary, Heritage Bank of Commerce (collectively “Heritage”) . Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company, and there can be no assurance that future developments affecting the Company will be the same as those anticipated by management. The Company cautions readers that a number of important factors, in addition to those set forth below, could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. General risks and uncertainties include, but are not limited to, the following: the strength of the United States economy and the strength of the local economies in which we conduct business; the effects of, and changes in, immigration, trade, tariff, monetary, and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation/deflation, interest rate, market and monetary fluctuations; the effects of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected efficiencies and financial results from such acquisitions; the timely development of competitive new products and services, and the acceptance of these products and services by potential and existing customers; the impact of changes in financial services policies, laws, and regulations, including those concerning banking, taxes, securities, and insurance, and the application thereof by regulatory agencies; changes in the scope and cost of FDIC insurance; the effectiveness of our risk management framework and quantitative models; changes in the level of our nonperforming assets and charge-offs; the effect of changes in accounting policies and practices or accounting standards, as may be adopted from time-to-time by bank regulatory agencies, the U.S. Securities and Exchange Commission (“SEC”), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible credit related impairments or declines in the fair value of loans and securities held by us; possible impairment charges to goodwill, including any impairment that may result from increased volatility in our stock price; changes in consumer or business spending, borrowing, and savings habits; the effects of our lack of a diversified loan portfolio, including the risks of geographic and industry concentrations; periodic fluctuations in commercial or residential real estate prices or values; our ability to attract or retain deposits (including low cost deposits) or to access government or private lending facilities and other sources of liquidity; the possibility that we may reduce or discontinue the payment of dividends on our common stock; changes in the financial performance and/or condition of our borrowers or depositors; changes in the competitive environment among financial and bank holding companies and other financial service providers; technological changes, including the adoption of artificial intelligence, in banking and financial services; the use, reliability and accuracy of the financial models and data on which we rely; systemic or non-systemic bank failures or crises; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, and/or military conflicts, which could impact business and economic conditions in the United States and abroad; catastrophic events or natural disasters, including earthquakes, drought, climate change or extreme weather events that may affect our assets, communications or computer services, customers, employees or third party vendors; public health crises and pandemics, and their effects on the economic and business environments in which we operate, including on our asset credit quality, business operations, and employees, as well as the impact on general economic and financial market conditions; cybersecurity threats and fraud and the costs of defending against them, including the costs of compliance with legislation or regulations to combat fraud and cybersecurity threats; our ability to recruit and retain key executives, board members and other employees, and our ability to comply with federal and state employment laws and regulations; ongoing or unanticipated regulatory or legal proceedings or outcomes; risks associated with our recently completed merger with Heritage,  including difficulties and delays in integrating or retaining Heritage’s business, key personnel and customers, and achieving anticipated synergies, cost savings enhanced geographic coverage, deposit attrition, customer or employee loss, and/or revenue loss as a result of the merger; and our ability to manage the risks involved in the foregoing. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company's 2025 Annual Report on Form 10-K filed with the SEC and available at the SEC’s website (http://www.sec.gov). The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements, except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings, equity, or shareholder returns, are for illustrative purposes only, are not forecasts, and actual results may differ. Non-GAAP Financial Measures — Certain financial information provided in this earnings release has not been prepared in accordance with GAAP and is presented on a non-GAAP basis. Investors and analysts should refer to the reconciliations included in this earnings release and should consider the Company’s non-GAAP measures in addition to, not as a substitute for or as superior to, measures prepared in accordance with GAAP. These non-GAAP measures may or may not be comparable to similarly titled measures used by other companies. GAAP TO NON-GAAP RECONCILIATIONS The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's operational performance and to enhance investors’ overall understanding of such financial performance. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these adjusted measures, this presentation may not be comparable to other similarly titled adjusted measures reported by other companies. Pretax Pre-Provision Income (Non-GAAP) Pretax pre-provision income is a Non-GAAP financial measure that represents total revenue less noninterest expense and is calculated before provision for credit losses and income tax expense. Management believes this measure provides useful information for comparing the results of operations between periods. Tangible Book Value and Tangible Common Equity Ratio (Non-GAAP) The tangible book value per share and tangible common equity ratios are a Non-GAAP financial measures derived from GAAP-based amounts. The following is a reconciliation of tangible book value and tangible common equity to the Company stockholders' equity computed in accordance with GAAP, as well as a calculation of tangible book value per share and tangible common equity ratio. Return on Average Tangible Common Equity (Non-GAAP) The return on average tangible common equity is a non-GAAP disclosure. The following is a reconciliation of net income, adjusted for tax-effected amortization of intangibles, to net income computed in accordance with GAAP; a reconciliation of average tangible common equity to the Company's average stockholders' equity computed in accordance with GAAP; as well as a calculation of return on average tangible common equity. Adjusted Efficiency Ratio (Non-GAAP) Adjusted efficiency ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of noninterest expense, less acquisition related expense and provision for unfunded loan commitments, where applicable, to the sum of net interest income before provision for credit losses and total noninterest income. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business. Contact: David A. BragerChief Executive Officer(909) 980-4030

As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the regional banks industry, including CVB Financial (NASDAQ:CVBF) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 96 regional banks stocks we track reported a mixed Q4. As a group, revenues were in line with analysts’ consensus estimates. Thankfully, share prices of the companies have been resilient as they are up 7.7% on average since the latest earnings results. With roots dating back to 1974 and a focus on serving small and medium-sized businesses, CVB Financial (NASDAQ:CVBF) operates Citizens Business Bank, providing banking, lending, and trust services to businesses and individuals across California. CVB Financial reported revenues of $136.6 million, up 10.2% year on year. This print exceeded analysts’ expectations by 0.9%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts’ net interest income and EPS estimates. Interestingly, the stock is up 8.5% since reporting and currently trades at $22.58. Is now the time to buy CVB Financial? Access our full analysis of the earnings results here, it’s free. With roots dating back to 1913 and a name derived from "United Missouri Bank," UMB Financial (NASDAQ:UMBF) is a financial holding company that provides banking, asset management, and fund services to commercial, institutional, and individual customers. UMB Financial reported revenues of $744.8 million, up 29.3% year on year, outperforming analysts’ expectations by 5.4%. The business had an exceptional quarter with a beat of analysts’ EPS and net interest income estimates. UMB Financial pulled off the biggest analyst estimate beat among its peers. The market seems happy with the results as the stock is up 16.5% since reporting. It currently trades at $146.03. Is now the time to buy UMB Financial? Access our full analysis of the earnings results here, it’s free. Born from the ashes of a failed Florida thrift during the 2009 financial crisis, BankUnited (NYSE:BKU) is a regional bank that provides commercial lending, deposit services, and treasury solutions to businesses and consumers primarily in Florida and the New York metropolitan area. BankUnited reported revenues of $273.8 million, up 6.1% year on year, falling short of analysts’ expectations by 5.1%. It was a disappointing quarter as it posted a significant miss of analysts’ net interest income and EPS estimates. Interestingly, the stock is up 4.4% since the results and currently trades at $48.81. Read our full analysis of BankUnited’s results here. Founded in 1910 during a wave of community banking expansion in the Midwest, German American Bancorp (NASDAQ:GABC) is a financial holding company that provides banking, wealth management, and insurance services across southern Indiana and Kentucky. German American Bancorp reported revenues of $97.57 million, up 47.1% year on year. This result topped analysts’ expectations by 3.2%. It was a strong quarter as it also logged a solid beat of analysts’ tangible book value per share and net interest income estimates. The stock is up 17.4% since reporting and currently trades at $47.63. Read our full, actionable report on German American Bancorp here, it’s free. Starting as a single bank in Missouri in 1988 and expanding through strategic growth, Enterprise Financial Services (NASDAQ:EFSC) is a financial holding company that offers banking, lending, and wealth management services to businesses and individuals across seven states. Enterprise Financial Services reported revenues of $188.9 million, up 12.2% year on year. This print beat analysts’ expectations by 1.3%. Taking a step back, it was a slower quarter as it produced a miss of analysts’ tangible book value per share and EPS estimates. The stock is up 13% since reporting and currently trades at $65.05. Read our full, actionable report on Enterprise Financial Services here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how regional banks stocks fared in Q4, starting with CVB Financial (NASDAQ:CVBF). Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 96 regional banks stocks we track reported a mixed Q4. As a group, revenues were in line with analysts’ consensus estimates. Thankfully, share prices of the companies have been resilient as they are up 8.3% on average since the latest earnings results. With roots dating back to 1974 and a focus on serving small and medium-sized businesses, CVB Financial (NASDAQ:CVBF) operates Citizens Business Bank, providing banking, lending, and trust services to businesses and individuals across California. CVB Financial reported revenues of $136.6 million, up 10.2% year on year. This print exceeded analysts’ expectations by 0.9%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ net interest income estimates. Interestingly, the stock is up 9.4% since reporting and currently trades at $22.76. Is now the time to buy CVB Financial? Access our full analysis of the earnings results here, it’s free. With roots dating back to 1913 and a name derived from "United Missouri Bank," UMB Financial (NASDAQ:UMBF) is a financial holding company that provides banking, asset management, and fund services to commercial, institutional, and individual customers. UMB Financial reported revenues of $744.8 million, up 29.3% year on year, outperforming analysts’ expectations by 5.4%. The business had an exceptional quarter with a beat of analysts’ EPS and net interest income estimates. UMB Financial scored the biggest analyst estimate beat among its peers. The market seems happy with the results as the stock is up 15.2% since reporting. It currently trades at $144.41. Is now the time to buy UMB Financial? Access our full analysis of the earnings results here, it’s free. Born from the ashes of a failed Florida thrift during the 2009 financial crisis, BankUnited (NYSE:BKU) is a regional bank that provides commercial lending, deposit services, and treasury solutions to businesses and consumers primarily in Florida and the New York metropolitan area. BankUnited reported revenues of $273.8 million, up 6.1% year on year, falling short of analysts’ expectations by 5.1%. It was a disappointing quarter as it posted a significant miss of analysts’ net interest income and EPS estimates. Interestingly, the stock is up 5.8% since the results and currently trades at $49.49. Read our full analysis of BankUnited’s results here. Founded in 1832 as Wilmington Savings Fund Society and one of the oldest banks in America still operating under its original name, WSFS Financial (NASDAQ:WSFS) operates a community banking and wealth management franchise primarily serving customers in the Mid-Atlantic region through its main subsidiary, WSFS Bank. WSFS Financial reported revenues of $275.8 million, up 7.5% year on year. This print beat analysts’ expectations by 2.6%. It was a strong quarter as it also produced a beat of analysts’ EPS and net interest income estimates. The stock is up 11.1% since reporting and currently trades at $77.91. Read our full, actionable report on WSFS Financial here, it’s free. Founded in 1818 as one of America's oldest mutual banks before converting to a public company in 2020, Eastern Bankshares (NASDAQ:EBC) operates as a bank holding company providing commercial and retail banking services primarily in Massachusetts, New Hampshire, and Rhode Island. Eastern Bank reported revenues of $295.9 million, up 30% year on year. This result missed analysts’ expectations by 2%. Overall, it was a softer quarter as it also logged a significant miss of analysts’ net interest income and EPS estimates. The stock is up 10.8% since reporting and currently trades at $22.72. Read our full, actionable report on Eastern Bank here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Ontario, CA, June 24, 2026 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2026. This dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on June 24, 2026. The quarterly dividend will be payable on or about July 23, 2026, to shareholders of record as of July 9, 2026. “Our consistent and strong financial performance has enabled the Bank to announce our 147th consecutive quarterly cash dividend to be paid to our shareholders,” said David A. Brager, Chief Executive Officer. Corporate OverviewCVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank, National Association. CVBF is one of the 10 largest bank holding companies headquartered in California with more than $20 billion in total assets as of the closing of the mergers with Heritage Commerce Corp and its principal banking subsidiary, Heritage Bank of Commerce. Citizens Business Bank, National Association, is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services, with more than 75 banking centers and three trust office locations serving California. Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVBF, visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab. Safe HarborCertain matters set forth herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company's current business plans and expectations, growth projections, and our future financial position and operating results. Words such as “will likely result”, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will” and variations of these words and similar expressions help to identify these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, all the risk factors set forth in the Company's public reports, including its Annual Report on Form 10-K for the year ended December 31, 2025, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law. Contact: David A. BragerChief Executive Officer (909) 980-4030