NASDAQ$CVBF
CVB Financial Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported record earnings due to strong loan growth, net interest margin expansion, and expense management.
CVB Financial Corp. reported a record net income of $64.6 million for Q3 2022, an increase from $59.1 million in the previous quarter and $49.8 million in Q3 2021. Diluted earnings per share were $0.46, compared to $0.42 for the prior quarter and $0.37 for the same period last year. The company's net interest margin expanded to 3.46%, and the efficiency ratio was 36.59%.
- Net earnings reached $64.6 million, translating to $0.46 per share.
- Return on Average Tangible Common Equity stood at 21.34%.
- Net Interest Margin expanded to 3.46%.
- Efficiency Ratio was reported at 36.59%.
Headline financials
Revenue & EPS history
CVB Financial · Revenue · Quarterly
$145M
Forward guidance
The company's economic forecast anticipates a modest recession in early 2023, followed by moderate GDP growth through 2024. This includes GDP growth of 0.4% in 2023 and 1.6% in 2024, with unemployment expected to exceed 5% in both years.
Tailwinds
- Focus on core strategies
- Supporting customers
- Strong loan growth
- Expansion of net interest margin
- Close management of expenses
Headwinds
- Unpredictable times
- Significant inflationary pressure
- Deteriorating economic forecast
- Modest recession in early 2023
- Lower commercial real estate values and an increase in 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 Q3 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
| 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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