IE Business Daily Business news for the Inland Empire.
CVB Financial Corp. in Ontario has reported net earnings of $55.8 million for the second quarter of 2023.
Those numbers compared with $59.3 million in the first quarter of this year and $59.1 million for the second quarter of 2022, according to CVB Financial’s second-quarter earnings report, released July 26.
Earnings of 40 cents per share declined two cents month-over-month and year-over-year.
“Despite the challenging environment, Citizens Business Bank continued to produce solid financial performance across our key operating metrics,” said David Brager, president and chief executive officer, in a statement. “We will continue to focus on executing our core strategies and supporting our customers through these demanding times.”
CVB Financial is Citizens Business Bank’s holding company. It is one of the 10 largest bank holding companies based in California, has approximately $16 billion in assets, and has more than 60 banking centers in California, according to the company’s website.
