IE Business Daily Business news for the Inland Empire.
CVB Financial Corp. in Ontario had a net income of $50 million in the second quarter, up $1.4 million from the first quarter but down $5.8 million year-over-year.
The holding company of Citizens Business Bank also reported earnings of 36 cents per share for the quarter that ended June 30, down one cent from the first quarter and five cents from the second quarter of of 2023, the company reported recently.
This was the 189th consecutive quarter CVB Financial has reported a quarterly profit, according to David Brager, president and chief executive officer of Citizens Business Bank.
“The bank has maintained its steady and stable performance in the face of a challenging environment,” Brager said in a statement.
CVB Financial is one of the 10 largest bank holding companies based in California, with more than 60 banking centers and three trust offices statewide, according to the statement.
