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Banking Reports

CVB Financial changes repurchase plan

CVB Financial Corp., the holding company for Citizens Business Bank, has changed its repurchase plan agreement. The Ontario-based company’s board of directors has increased the number of common stock shares subject to repurchase from six million to 9,577,917 shares, according to a statement. That voids the repurchase that went into place …

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CVB Financial has record quarter

CVB Financial Corp. reported net earnings of $54.5 million for the quarter ending June 30, up from $35.4 million year over year, according to a statement. The Ontario-based financial institution also reported earnings per share of 39 cents, five cents more than it reported for the second quarter of 2018. …

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CVB Financial announces cash dividend

Ontario-based CVB Financial Corp. has announced an 18-cent-per-share cash dividend for the second quarter of this year. This is the 119th consecutive quarter the Ontario-based financial institution will have approved a cash dividend for its shareholders, according to a statement. This dividend will be payable on or about July 18 …

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CVB Financial Corp. wins award

Ontario-based CVB Financial Corp  has been named winner of the Spotlight Deal of the Year Award for its purchase of Pasadena-based Community Bank. The transaction, valued at approximately $903 million, was the largest in CVB’s history and one of the ten largest bank merger and acquisition deals in the country …

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Net income, earnings up for CVB Financial

Inland Empire Financial Earnings

Ontario-based CVB Financial Corp., reported net income of $51.6 million for the first quarter, an increase of $16.7 million year-over-year. Earnings per share were 37 cents for the first quarter compared to 32 cents per share for the same period in 2018, according to a statement. “Our results this quarter …

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CVB Financial to announce quarterly results

Ontario-based CVB Financial Corp., the  parent company of Citizens Business Bank, will announce its first-quarter results later this month. Management will hold a conference call at 7:30 a.m. Pacific time April 25 to discuss those results, according to a statement. The conference call can be reached via (877) 506-3368. A …

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