NASDAQ$CVBF
CVB Financial Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Net income of $59.3 million was reported, with diluted earnings per share of $0.42
CVB Financial Corp. reported a net income of $59.3 million for Q1 2023, with diluted earnings per share at $0.42. The company's return on average tangible common equity was 20.59%, and return on average assets was 1.47%.
- Net Earnings of $59.3 million, or $0.42 per share
- Return on Average Tangible Common Equity of 20.59%
- Return on Average Assets of 1.47%
- Noninterest-bearing deposits 63.92% of total deposits
Headline financials
Revenue & EPS history
CVB Financial · Revenue · Quarterly
$139M
Forward guidance
The first quarter of 2023 included $1.5 million in provision for credit losses, projected loss rates continue to be impacted by a deteriorating economic forecast that assumes a modest recession starting in late 2023 and modest GDP growth through 2024, as well as lower commercial real estate values and an increase in the rate of unemployment.
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 2023
+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
| Quarter | Report date | Reaction (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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