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Mar 31, 2021
CVB Financial Q1 2021 Earnings Report
Reported earnings for the first quarter of 2021.
Key Takeaways
CVB Financial Corp. reported a net income of $63.9 million for Q1 2021, with diluted earnings per share of $0.47. The results were greatly impacted by the release of reserves for credit losses built up in 2020 due to improved economic forecasts.
Net earnings of $63.9 million, or $0.47 per share, were reported for Q1 2021.
The return on average tangible common equity was 19.85% for Q1 2021.
The return on average assets was 1.79% for Q1 2021.
Deposit growth reached $2.97 billion, a 33% year-over-year increase.
CVB Financial
CVB Financial
Forward Guidance
The document does not contain specific information regarding forward guidance.