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Mar 31, 2022
CVB Financial Q1 2022 Earnings Report
Reported earnings for the first quarter of 2022, including the acquisition of Suncrest Bank completed on January 7, 2022.
Key Takeaways
CVB Financial Corp. reported a net income of $45.6 million for the quarter ended March 31, 2022. Diluted earnings per share were $0.31 for the first quarter. The quarter included $2.5 million in provision for credit losses. The acquisition of Suncrest Bank was completed on January 7, 2022, adding $774.5 million in loans and $1.18 billion in deposits.
Net earnings of $45.6 million, or $0.31 per share for First Quarter
Assets total $17.54 billion as acquisition of Suncrest Bank completed on January 7, 2022
Quarterly annualized core loan growth of 8%
Net Interest Margin expands to 2.90%
CVB Financial
CVB Financial
Forward Guidance
This document does not contain explicit forward guidance. Therefore, a response is not possible.