CVB Financial
Commercial bank for California businesses, with wealth management and nationwide factoring.
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Profile
Operates Citizens Business Bank, earning mainly from deposits and commercial lending to California businesses, alongside treasury management, CitizensTrust wealth services, and nationwide factoring through Bay View Funding. The franchise depends on deposit funding, credit quality, and California business and real-estate conditions.
Operates Citizens Business Bank, a commercial bank serving primarily small and midsize businesses and individuals across California. Deposit accounts fund commercial, commercial real estate, construction, agribusiness, equipment, municipal, and consumer lending, while treasury management and international banking deepen business relationships.
Extends the franchise through CitizensTrust, which provides trust, investment, brokerage, estate-planning, and business-succession services, and Bay View Funding, a nationwide provider of working-capital factoring. Relationship managers and local decision-making support a statewide network expanded by the completed Heritage Commerce acquisition and subsequent systems conversion.
Earnings depend mainly on loan yields, deposit costs, credit quality, and fee income. Lending remains exposed to California business and real-estate conditions, while the holding company and national-bank subsidiary operate under federal and state banking regulation.
Company facts
Categories
Key statistics
Year to date +18.9% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Stephens | Upgrade | Equal-Weight | Overweight | $25 | $27 |
| Jul 28, 2026 | Stephens | Target | $21 | $25 | ||
| Jul 27, 2026 | Piper Sandler | Reiterate | Overweight | $27 | $28 | |
| Jul 1, 2026 | Raymond James | Upgrade | Market Perform | Outperform | $25 | |
| Apr 27, 2026 | Piper Sandler | Reiterate | Overweight | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.30 | $0.29 | −2.7% | $184.6M | $179.4M | −2.8% | +0.54% |
| Apr 22, 2026Q1 FY26 | $0.38 | $0.38 | 0.0% | $132.9M | $132.1M | −0.6% | −0.79% |
| Jan 21, 2026Q4 FY25 | $0.40 | $0.40 | 0.0% | $135.4M | $133.9M | −1.2% | −0.34% |
| Oct 22, 2025Q3 FY25 | $0.37 | $0.38 | +2.7% | $131.1M | $128.6M | −1.9% | +0.16% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $159.2M | $159.0M | $163.1M | $163.1M | $160.6M | $219.1M | |
| Gross profit | $128.2M | $126.4M | $127.1M | $132.2M | $126.4M | $179.4M | |
| Operating income | $69.5M | $68.8M | $69.0M | $74.4M | $68.6M | $65.0M | |
| Net income | $51.1M | $50.6M | $52.6M | $55.0M | $51.0M | $48.3M | |
| Diluted EPS | $0.36 | $0.36 | $0.38 | $0.40 | $0.38 | $0.36 | |
| Gross margin | 80.5% | 79.5% | 77.9% | 81.1% | 78.7% | 81.9% | |
| Operating margin | 43.7% | 43.3% | 42.3% | 45.6% | 42.7% | 29.7% |
Fiscal years (4-quarter sums)FY21 $468.0M · FY22 $561.9M · FY23 $665.7M · FY24 $659.2M · FY25 $644.4M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.78B · Total debt $1.10B · Total assets $21.18B · Shareholders' equity $3.17B
Dividends
Raised for 33 straight years — most recently to $0.20 from $0.19 in Oct 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 9, 2026 | Jul 9 | Jul 23 | $0.20 | |
| Apr 1, 2026 | Apr 1 | Apr 15 | $0.20 | |
| Dec 29, 2025 | Dec 29 | Jan 13 | $0.20 | |
| Oct 1, 2025 | Oct 1 | Oct 16 | $0.20 | |
| Jul 10, 2025 | Jul 10 | Jul 24 | $0.20 | |
| Apr 2, 2025 | Apr 2 | Apr 16 | $0.20 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.20 | |
| Sep 30, 2024 | Sep 30 | Oct 14 | $0.20 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 143.44M · Float 136.09M · 94.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 25.69M | 17.91% | 13F | Aug 7, 2026 |
| State Street Corp | 10.51M | 7.32% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 10.16M | 7.08% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 10.05M | 7.01% | 13F | Aug 11, 2026 |
| FMR LLC | 9.83M | 6.86% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | David C. Harvey | officer: EVP Chief Operating Officer | −40,000 | $22.94 |
| Jul 28, 2026 | Brien Raymond V. III O. | director | +20,000 | $22.77 |
| May 22, 2026 | George A. Jr Borba | director | +48,894 | $20.45 |
| May 19, 2026 | George A. Jr Borba | director | +25,187 | $19.85 |
| May 14, 2026 | George A. Jr Borba | director | +25,097 | $19.92 |
Peers
- Banc of California
California business-bank rival for treasury, deposits, and C&I loans
- East West Bancorp
Southern California commercial bank with Asia-linked business depth
- Columbia Banking System
Western regional bank now carrying Pacific Premier's California base
- Western Alliance
Scaled commercial-bank rival in California treasury and lending
- Cathay General Bancorp
Los Angeles commercial bank focused on CRE and Asian-American clients
- Bank of Hope
Los Angeles commercial bank with SBA, CRE, and multicultural reach
- Preferred Bank
California independent commercial bank in CRE and trade finance
- Westamerica Bancorp
Northern and Central California bank competing for deposits and trust
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CVB Financial | $22.19 | 0.00% | $3.18B | 14.6 | 12.0 | 4.5 | +42.0% |
| Banc of California | $18.60 | −0.03% | $2.86B | — | 9.7 | 1.6 | — |
| East West Bancorp | $129.44 | −0.02% | $17.73B | 12.4 | 11.9 | 3.8 | +12.5% |
| Columbia Banking System | $30.07 | 0.00% | $8.50B | 12.0 | 9.6 | 2.4 | +33.1% |
| Western Alliance | $78.53 | −0.03% | $8.57B | 8.8 | 7.5 | 1.7 | +17.7% |
| Cathay General Bancorp | $61.87 | +0.03% | $4.15B | 12.1 | 10.8 | 3.0 | +12.5% |
| Bank of Hope | $13.92 | 0.00% | $1.78B | 13.9 | 10.7 | 1.8 | +56.3% |
| Preferred Bank | $103.53 | +0.15% | $1.23B | 9.5 | 9.6 | 2.4 | +4.0% |
| Westamerica Bancorp | $58.07 | −0.08% | $1.36B | 12.8 | 12.5 | 5.1 | −2.5% |
| Median | 12.1 | 10.2 | 2.4 | +12.5% |