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Sep 30, 2023
CVB Financial Q3 2023 Earnings Report
Net income of $57.9 million, or $0.42 per share, was reported.
Key Takeaways
CVB Financial Corp. reported a net income of $57.9 million for Q3 2023, with diluted earnings per share of $0.42. The company's focus on small to medium-sized businesses and long-term relationships contributed to these solid results.
Net earnings of $57.9 million, or $0.42 per share were reported.
Return on Average Tangible Common Equity was 18.82%.
Return on Average Assets was 1.40%.
Efficiency Ratio was 39.99%.
Forward Guidance
The document does not contain specific forward guidance, but it does mention management's expectations and beliefs concerning future developments and their potential effects on the Company.
Positive Outlook
- Focus on banking the best privately held small to medium sized businesses
- Building meaningful long-term relationships
- Maintaining solid results
- Loyalty and support from customers
- Loyalty and support from associates
Challenges Ahead
- Strength of the United States economy in general and the strength of the local economies
- Effects of, and changes in, trade, monetary, and fiscal policies and laws
- Inflation/deflation, interest rate, market and monetary fluctuations
- Effect of acquisitions we have made or may make
Historical Earnings Impact
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Avg. Return Before/After Earnings
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