NASDAQ$CVBF

CVB Financial Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong earnings driven by loan growth and net interest margin expansion.

CVB Financial Corp. reported a strong second quarter with net income of $59.1 million, or $0.42 per share, driven by loan growth, net interest margin expansion and closely managed expenses.

  • Net earnings of $59.1 million, or $0.42 per share for Second Quarter
  • Return on Average Tangible Common Equity of 18.67% for the Second Quarter
  • Net Interest Margin expands to 3.16%
  • Quarterly annualized core loan growth of 7%

Headline financials

Total Revenue

$137M

Previous: $116M+17.5%
EPS (adj)

$0.42

Previous: $0.38+10.5%
Return on Avg. Assets

1.4%

Previous: 1.4%+3.0%
Return on Avg. Equity

11.3%

No prior period
Return on Avg. Tang. Equity

18.7%

Previous: 15.6%+19.7%
Net Interest Margin

3.2%

No prior period
Efficiency Ratio

37.2%

Previous: 40.0%-7.0%
Capital Expenditures

-$2.31M

Previous: -$2.3M-0.3%
Free Cash Flow

$56.8M

Previous: $48.9M+16.1%
Net Income

$59.1M

Previous: $51.2M+15.4%
Operating Income

$116M

Previous: $80.4M+43.8%
Gross Profit

$131M

Previous: $94.7M+37.8%
Cash & Equivalents

$697M

Previous: $2.33B-70.1%
Total Assets

$16.8B

Previous: $15.5B+7.9%
Stock-Based Comp

$1.98M

Previous: $1.39M+42.6%

Revenue & EPS history

CVB Financial · Revenue · Quarterly

$137M

Q2 2022+17.5%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance but expressed optimism about their core strategies and supporting customers.

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 Q2 2022

Historical avgQ2 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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