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Jun 30, 2022
CVB Financial Q2 2022 Earnings Report
Reported strong earnings driven by loan growth and net interest margin expansion.
Key Takeaways
CVB Financial Corp. reported a strong second quarter with net income of $59.1 million, or $0.42 per share, driven by loan growth, net interest margin expansion and closely managed expenses.
Net earnings of $59.1 million, or $0.42 per share for Second Quarter
Return on Average Tangible Common Equity of 18.67% for the Second Quarter
Net Interest Margin expands to 3.16%
Quarterly annualized core loan growth of 7%
CVB Financial
CVB Financial
Forward Guidance
The company did not provide specific forward guidance but expressed optimism about their core strategies and supporting customers.