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Sep 30, 2020
CVB Financial Q3 2020 Earnings Report
Reported earnings for the third quarter of 2020.
Key Takeaways
CVB Financial Corp. reported net income of $47.5 million for the quarter ended September 30, 2020, compared with $41.6 million for the second quarter of 2020 and $50.4 million for the third quarter of 2019. Diluted earnings per share were $0.35 for the third quarter, compared to $0.31 for the prior quarter and $0.36 for the same period last year.
Net Earnings of $47.5 million for the third quarter of 2020, or $0.35 per share
Return on Average Tangible Common Equity of 15.20% for the third quarter of 2020
TCE Ratio of 9.8%, CET1 Ratio of 14.6% and Total Risk-based Capital Ratio of 16.1%
Deposit growth of $2.37 billion or 27% year-over-year
Forward Guidance
Although the current uncertain economic situation, coronavirus outlook and low interest rate environment present near term challenges to earnings growth, we will continue to maintain our long-term focus on credit quality, strong capital levels, and consistent earnings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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