Thursday , March 23 2023

CVB Financial finishes 2021 strong

CVB Financial Corp. the holding company for Citizens Business Bank, had net income of $47.7 million for the fourth quarter of 2021, compared with $49.8 million for the third quarter of 2021 and $50.1 million for the fourth quarter of 2020.

Earnings per share were 35 cents for the fourth quarter, compared to 37 cents for the prior quarter and 37 cents for the fourth quarter, the Ontario-based financial institution announced in its fourth quarter earnings analysis.

“The Bank delivered another solid quarter of strong earnings,” said David Brager, president and chief executive officer of Citizens Business Bank, in the statement. “The 2021 earnings represented the highest earnings in the company’s history.”

CVB Financial is one of the 10 largest bank holding companies based in California with more than $16 billion in total assets. It has 60 banking centers and three trust offices in Southern and Central California, according to the report.

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