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Mar 31, 2024
CVB Financial Q1 2024 Earnings Report
CVB Financial Corp. reported consistent financial performance in a challenging operating environment, marked by sustained profitability and cash dividend payments.
Key Takeaways
CVB Financial Corp. reported net income of $48.6 million for the quarter ended March 31, 2024, with diluted earnings per share of $0.35. The company's performance reflects consistent profitability and dividend payments, despite a challenging operating environment.
Net earnings were $48.6 million, or $0.35 per share.
Return on average assets was 1.21%.
Return on average tangible common equity was 15.13%.
Net interest margin was 3.10%.
Forward Guidance
This document contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially from those projected. The company does not undertake 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.
Positive Outlook
- Plans
- Strategies
- Goals
- Statements about the Company’s outlook regarding revenue and asset growth
- Financial performance and profitability
Challenges Ahead
- Strength of the United States economy in general and the strength of the local economies in which we conduct business
- Effects of, and changes in, trade, 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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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