Saturday , September 24 2022

CVB Financial has solid quarter

CVB Financial Corp. reported earnings of $59.1 million for the second quarter of 2022, up from $45.6 million in the first quarter and $51.2 million year-over-year.

Earnings per share was 42 cents for the quarter that ended June 30, an increase of 11 cents per share compared with the first quarter and a three-cent increase from 2021’s second quarter, the Ontario-based financial institution reported.

Total assets as of June 30 were $16.7 billion, a decrease of 4.44 percent at the end of the first quarter.

CVB Financial produced about $86 million in pretax income during the second quarter, a 30 percent increase from the first quarter, said David Brager, president and chief executive officer, in a statement.

CVB Financial is the holding company for Citizens Business Bank. It is one of the largest bank holding companies based in California.

Check Also

BofA announces Inland nonprofit grants

Bank of America will donate $560,000 to 32 nonprofits in Riverside and San Bernardino counties. …

Leave a Reply

Your email address will not be published.