Banking Reports

CVB Financial Corp. reported net income of $59.3 million for the first quarter of 2023, down from $66.2 million for the fourth quarter of 2022 but up from $45.6 million year-over-year, according to data released last week. The Ontario-based financial institution also reported earnings of 42 cents per share for …

CVB Financial Corp. in Ontario has been ranked the third-best public bank in the United States by S&P Global Market Intelligence. That list, which S&P Global released recently, ranked the performance of U.S. public banks with assets of $10 billion or more in 2022, according to a statement. Besides its …

CVB Financial Corp. in Ontario has again been named the best bank in the United States by Forbes magazine. The holding company for Citizens Business Bank has achieved that ranking on Forbes’ Best Banks in America list four times in the past eight years, according to a statement on CVB …

Newport Beach-based Genesis Bank has opened a homeowners association banking division. The division will serve property management companies, homeowners associations, condo associations, and their boards of directors, according to a statement. It will provide online and mobile banking, treasury management, lockboxes, payment processing and depository, and fraud protection. “Genesis Bank …

CVB Financial Corp. has announced a dividend of 20 cents per share for the fourth quarter, which will end Dec. 31. This is the 133rd consecutive quarter the Ontario-based financial institution will distribute a profit to its shareholders, according to a statement on the company’s website. The dividend was approved …

Wells Fargo has been ordered to pay $3.7 billion in fines for violations regarding several of its most profitable product lines. The penalties, levied by the U.S. Consumer Financial Protection Bureau, involve illegal fees and interest charges on automobile and mortgage loans, according to a statement released by the protection …