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CVBF CVB Financial

CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with over $13 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services through 57 banking centers and 3 trust office locations serving the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.

Company profile

Ticker
CVBF
Exchange
Website
CEO
David A. Brager
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
953629339

CVBF stock data

(
)

Calendar

10 May 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.53B 1.53B 1.53B 1.53B 1.53B 1.53B
Cash burn (monthly) 144.29M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 355.87M n/a n/a n/a n/a n/a
Cash remaining 1.17B n/a n/a n/a n/a n/a
Runway (months of cash) 8.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 May 21 Brian T. Mauntel Common Stock Grant Aquire A No No 0 10,000 0 10,000
25 Mar 21 Wohl Richard H Common Stock Payment of exercise Dispose F No No 22.46 1,000 22.46K 18,682.642
25 Mar 21 Brager David A. Common Stock Payment of exercise Dispose F No No 22.46 1,900 42.67K 96,232
25 Mar 21 Brager David A. Common Stock Payment of exercise Dispose F No No 22.46 3,083 69.24K 98,132

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

69.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 173 184 -6.0%
Opened positions 19 29 -34.5%
Closed positions 30 18 +66.7%
Increased positions 60 50 +20.0%
Reduced positions 57 69 -17.4%
13F shares
Current Prev Q Change
Total value 3.96B 2.28B +73.4%
Total shares 93.95M 95.03M -1.1%
Total puts 0 85K EXIT
Total calls 0 15K EXIT
Total put/call ratio 5.7
Largest owners
Shares Value Change
BLK Blackrock 20.05M $442.98M +1.2%
Vanguard 13.93M $307.61M +3.1%
ATAC Neuberger Berman 5.99M $132.16M -0.0%
STT State Street 5.58M $124.17M +17.9%
GS Goldman Sachs 3.96M $87.49M -6.8%
Parallel Advisors 3.95M $87.26M +2.6%
SAMG Silvercrest Asset Management 3.86M $85.3M -2.3%
Dimensional Fund Advisors 3.25M $72M -0.5%
Champlain Investment Partners 2.62M $57.91M +0.9%
WFC Wells Fargo & Co. 2.31M $51.11M -4.2%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.48M EXIT
STT State Street 5.58M +846.52K +17.9%
Clearbridge Advisors 0 -582.11K EXIT
NTRS Northern Trust 2.23M -465.07K -17.2%
Vanguard 13.93M +418.92K +3.1%
New York State Common Retirement Fund 121.08K -363.1K -75.0%
Clifford Capital Partners 164.96K -345.71K -67.7%
Renaissance Technologies 519.58K -299.5K -36.6%
GS Goldman Sachs 3.96M -289.8K -6.8%
JPM JPMorgan Chase & Co. 759.23K +258.14K +51.5%

Financial report summary

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Competition
Fintech
Management Discussion
  • Net interest income, before provision for credit losses, of $103.5 million for the first quarter of 2021 increased $1.2 million, or 1.14%, compared to $102.3 million for the first quarter of 2020. Interest-earning assets increased on average by $3.17 billion, or 31.31%, from $10.12 billion for the first quarter of 2020 to $13.29 billion for the first quarter of 2021. Our net interest margin (TE) was 3.18% for the first quarter of 2021, compared to 4.08% for the first quarter of 2020.
  • Interest income for the first quarter of 2021 was $105.5 million, which represented a $1.6 million, or 1.48%, decrease when compared to the same period of 2020. Average interest-earning assets increased to $13.29 billion and the average interest-earning asset yield was 3.24% for the first quarter of 2021, compared to 4.27% for the first quarter of 2020. The 102 basis point decrease in the average interest-earning asset yield compared to the first quarter of 2020, was primarily due to a combination of a 45 basis point decrease in loan yields, a 76 basis point decrease in thenon-tax
  • Interest income and fees on loans for the first quarter of 2021 of $91.8 million decreased $322,000, or 0.35%, when compared to the first quarter of 2020. Average loans increased $787.5 million for the first quarter of 2021 when compared with the same period of 2020, primarily due to $880.7 million in average PPP loans. The PPP loans we originated resulted in the recognition of approximately $8.2 million in fee income and $2.2 million in loan interest during the first quarter of 2021. Discount accretion on acquired loans decreased by $748,000 compared to the first quarter of 2020. The significant decline in interest rates since the start of the pandemic has had a negative impact on loan yields, which after excluding the impact from PPP loans, discount accretion and nonaccrual interest income, declined by 44 basis points from the first quarter of 2020.
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