Company profile

Ticker
CVBF
Exchange
CEO
Christopher D. Myers
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
953629339

CVBF stock data

(
)

Calendar

9 Aug 19
21 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Net income 54.48M 51.64M 43.16M 38.56M
Diluted EPS 0.39 0.37 0.31 0.3
Net change in cash 3.63M 8.27M -30.53M 12.99M
Cash on hand 175.84M 172.21M 163.95M 194.48M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Net income 152M 104.41M 101.43M 99.15M
Diluted EPS 1.24 0.95 0.94 0.93
Net change in cash 19.57M 22.74M 15.54M 329K
Cash on hand 163.95M 144.38M 121.63M 106.1M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Net interest income, before provision for (recapture of) loan losses, of $111.1 million for the second quarter of 2019 increased $38.4 million, or 52.79%, compared to $72.7 million for the second quarter of 2018. Interest-earning assets increased on average by $2.25 billion, or 29.27%, from $7.70 billion for the second quarter of 2018 to $9.96 billion for the second quarter of 2019. The growth in interest-earning assets was primarily the result of loan growth from the acquisition of CB. Our net interest margin (TE) was 4.49% for the second quarter of 2019, compared to 3.82% for the second quarter of 2018. The net interest margin for the second quarter of 2019 grew by 67 basis points over the second quarter of 2018. Discount accretion on acquired loans and nonrecurring nonaccrual interest paid was $9.4 million for the second quarter of 2019, compared to $2.1 million for the second quarter of 2018. The increase in our adjusted net interest margin was primarily due to a 79 basis point increase in our average yield on interest-earning assets (TE), which resulted from a 59 basis point increase in our loan yield and an increase in loans as a percentage of our average earnings.
Content analysis ?
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8th grade Avg
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