NASDAQ$CVBF

CVB Financial Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported earnings for the first quarter of 2022, including the acquisition of Suncrest Bank completed on January 7, 2022.

CVB Financial Corp. reported a net income of $45.6 million for the quarter ended March 31, 2022. Diluted earnings per share were $0.31 for the first quarter. The quarter included $2.5 million in provision for credit losses. The acquisition of Suncrest Bank was completed on January 7, 2022, adding $774.5 million in loans and $1.18 billion in deposits.

  • Net earnings of $45.6 million, or $0.31 per share for First Quarter
  • Assets total $17.54 billion as acquisition of Suncrest Bank completed on January 7, 2022
  • Quarterly annualized core loan growth of 8%
  • Net Interest Margin expands to 2.90%

Headline financials

Total Revenue

$124M

Previous: $117M+5.9%
EPS (adj)

$0.31

Previous: $0.47-34.0%
Return on Avg. Assets

1.1%

Previous: 1.8%-40.8%
Return on Avg. Equity

8.2%

No prior period
Return on Avg. Tang. Equity

13.1%

Previous: 19.9%-34.1%
Net Interest Margin

2.9%

Previous: 3.2%-8.8%
Efficiency Ratio

46.9%

Previous: 40.3%+16.6%
Capital Expenditures

-$1.12M

Previous: -$662K-69.2%
Free Cash Flow

$44.4M

Previous: $63.2M-29.7%
Net Income

$45.6M

Previous: $63.9M-28.7%
Operating Income

$102M

Previous: $84.1M+21.1%
Gross Profit

$122M

Previous: $97.6M+24.5%
Cash & Equivalents

$1.65B

Previous: $1.53B+8.4%
Total Assets

$17.5B

Previous: $14.8B+18.2%
Stock-Based Comp

$1.6M

Previous: $1.28M+24.4%

Revenue & EPS history

CVB Financial · Revenue · Quarterly

$124M

Q1 2022+5.9%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

This document does not contain explicit forward guidance. Therefore, a response is not possible.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.2%

Avg return

30 days after

42%

28 / 66 earnings

Positive

+9.1%

Q2 2023

Best reaction

-4.8%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-2.8%+0.9%
Q4 2025-0.2%-5.8%-1.5%
Q3 2025+0.2%+2.8%+4.6%
Q2 2025-1.6%-1.9%+2.2%
Q1 2025-0.5%+0.9%-3.6%
Q4 2024-0.1%+1.2%-4.2%
Q3 2024+3.3%+3.2%+25.6%
Q2 2024-0.6%-4.1%-8.5%
Q1 2024-3.5%-3.7%-4.7%
Q4 2023-4.4%-4.8%-9.1%
Q3 2023+6.6%+3.1%+18.4%
Q2 2023+9.1%+14.2%+5.1%
Q1 2023+2.5%-0.1%-13.5%
Q4 2022-1.7%-1.7%+0.1%
Q3 2022-0.6%-3.6%+0.4%
Q2 2022+4.7%+4.8%+10.4%
Q1 2022+2.5%+1.9%+1.4%
Q4 2021-1.9%-3.0%+4.1%
Q3 2021+0.2%-0.1%+3.9%
Q2 2021-0.7%+0.2%+5.2%
Q1 2021+0.6%+3.2%+7.8%
Q4 2020-3.9%-4.9%+3.0%
Q3 2020+2.9%+2.6%+11.7%
Q2 2020+2.5%-1.6%-1.4%
Q1 2020-1.3%+5.6%-6.7%
Q4 2019+1.6%-1.6%-0.9%
Q3 2019-4.7%-1.2%-1.2%
Q2 2019+4.4%+6.2%-1.7%
Q1 2019+0.7%+1.4%-1.7%
Q4 2018-0.9%+0.7%+3.6%
Q3 2018+1.6%+4.6%+9.4%
Q2 2018+2.5%+6.3%+10.1%
Q1 2018-0.8%+1.1%+3.6%
Q4 2017-3.6%-3.4%-4.7%
Q3 2017+3.6%+2.7%-1.0%
Q2 2017-0.4%-1.1%-6.9%
Q1 2017+2.7%-0.8%-4.4%
Q4 2016+1.6%+2.9%+6.6%
Q3 2016-0.5%-0.8%+24.5%
Q2 2016-3.7%-3.8%+0.9%
Q1 2016-1.3%
Q4 2015-1.7%
Q3 2015+0.4%
Q2 2015-0.8%
Q1 2015+0.9%
Q4 2014+3.6%
Q3 2014-0.8%
Q2 2014+1.5%
Q1 2014-2.6%
Q4 2013-3.7%
Q3 2013+1.0%
Q2 2013+6.5%
Q1 2013-1.9%
Q4 2010-0.8%
Q4 2011-0.8%
Q4 2012+0.9%
Q3 2012+1.1%
Q2 2012-1.3%
Q1 2012+0.5%
Q4 2009-0.2%
Q3 2010-4.8%
Q3 2011-4.8%
Q2 2011-3.2%
Q1 2010-0.9%
Q2 2010-0.9%
Q1 2011-0.9%

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