--- title: "CVB Financial | 8-K: FY2026 Q2 Revenue: USD 179.43 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293598121.md" datetime: "2026-07-23T10:28:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293598121.md) - [en](https://longbridge.com/en/news/293598121.md) - [zh-HK](https://longbridge.com/zh-HK/news/293598121.md) --- # CVB Financial | 8-K: FY2026 Q2 Revenue: USD 179.43 M Revenue: As of FY2026 Q2, the actual value is USD 179.43 M. EPS: As of FY2026 Q2, the actual value is USD 0.29, beating the estimate of USD 0.2075. EBIT: As of FY2026 Q2, the actual value is USD 65.05 M. #### Net Earnings CVB Financial Corp. reported net income of $48.3 million for the second quarter of 2026, compared to $51.0 million for the first quarter of 2026 and $50.6 million for the second quarter of 2025. For the six months ended June 30, 2026, net earnings were $99.263 million, a decrease from $101.668 million for the same period in 2025. Core Net Income for Q2 2026 was $73.4 million. #### Net Interest Income Net interest income for the second quarter of 2026 was $162.4 million, an increase of $44.6 million (37.8%) from $117.8 million in the first quarter of 2026. This also represents an increase of $50.8 million (45.52%) from the second quarter of 2025, primarily reflecting the impact of the Heritage Commerce Corp acquisition. #### Net Interest Margin (NIM) CVB Financial Corp.’s tax equivalent net interest margin was 3.72% for the second quarter of 2026, up from 3.44% in the first quarter of 2026 and 3.31% in the second quarter of 2025. The 28 basis points increase quarter-over-quarter was mainly due to a 28 basis points increase in the average interest-earning assets yield. #### Noninterest Income Noninterest income totaled $17.0 million for the second quarter of 2026, an increase of $2.7 million from $14.3 million in the first quarter of 2026 and $2.3 million from $14.7 million in the second quarter of 2025. The quarter-over-quarter increase included a $519,000 increase in service charges on deposit accounts, a $460,000 increase in trust and investment services income, and a $353,000 increase in bank-owned life insurance (“BOLI”) income. #### Noninterest Expense Noninterest expense was $114.4 million for the second quarter of 2026, up from $60.6 million in the first quarter of 2026 and $57.6 million in the second quarter of 2025. This increase was largely due to the Heritage acquisition, which incurred $31.4 million in acquisition-related expenses during Q2 2026, compared to $1.1 million in Q1 2026. A $4.25 million provision for unfunded loan commitments was also recorded in Q2 2026, increasing from $500 thousand in Q1 2026. Excluding acquisition expense, noninterest expense increased by $23.5 million compared to Q1 2026. #### Operational Metrics - **Return on Average Assets (ROAA)**: 0.97% for Q2 2026, compared to 1.33% for Q1 2026 and 1.34% for Q2 2025. - **Return on Average Equity (ROAE)**: 6.41% for Q2 2026, compared to 8.86% for Q1 2026 and 9.06% for Q2 2025. - **Return on Average Tangible Common Equity (ROATCE)**: 10.85% for Q2 2026, compared to 13.38% for Q1 2026 and 14.08% for Q2 2025. - **Efficiency Ratio**: 63.75% for Q2 2026, compared to 45.84% for Q1 2026 and 45.55% for Q2 2025. The Adjusted Efficiency Ratio was 43.88% in Q2 2026, compared to 44.61% in Q1 2026 and 45.55% in Q2 2025. - **Cost of Funds**: Decreased to 0.96% in Q2 2026 from 0.97% in Q1 2026 and 1.03% in Q2 2025. The Cost of Deposits and Customer Repos stood at 0.86% in Q2 2026, up from 0.78% in Q1 2026. - **Pretax Pre Provision Income**: This stood at $65.0 million in Q2 2026, down from $71.5 million in Q1 2026. #### Total Assets Total assets reached $21.18 billion at June 30, 2026, an increase of $5.68 billion (36.60%) from $15.51 billion at March 31, 2026, primarily driven by the Heritage acquisition. #### Loans Total loans and leases, at amortized cost, increased by $3.37 billion (39.03%) to $12.02 billion at June 30, 2026, from $8.64 billion at March 31, 2026. The Heritage acquisition added $3.10 billion of loans held for investment. Major increases included commercial real estate loans by $2.35 billion, commercial and industrial loans by $526.6 million, and consumer loans by $166.3 million. Organic loan growth was $477 million in Q2 2026. #### Deposits & Customer Repurchase Agreements Total deposits and customer repurchase agreements were $16.85 billion at June 30, 2026, an increase of $4.41 billion (35.47%) from $12.44 billion at March 31, 2026. This increase reflected the assumption of $1.2 billion of noninterest-bearing deposits and $3.5 billion of interest-bearing deposits from the Heritage acquisition. Noninterest-bearing deposits were 52.84% of total deposits at quarter-end, down from 59.44% in Q1 2026, reflecting a higher proportion of interest-bearing deposits from the acquisition. Noninterest deposits averaged over 52% of Total Deposits in Q2 2026. #### Asset Quality Net charge-offs were $137,000 in the second quarter of 2026, compared to net recoveries of $9,000 in the prior quarter. The Allowance for Credit Losses (ACL) totaled $126.7 million at June 30, 2026, up from $80.2 million at March 31, 2026, reflecting an initial ACL of $46.6 million on acquired loans. Nonperforming loans increased to $16.642 million at June 30, 2026, from $6.144 million at March 31, 2026. Total nonperforming assets were $16.848 million at June 30, 2026, representing 0.08% of total assets, an increase from 0.04% in Q1 2026. Classified loans amounted to $110 million, representing 0.91% of total loans in Q2 2026. The ACL Coverage Ratio was 1.05% in Q2 2026. Net Charge-Offs (Recoveries) to Average Loans remained at 0.00% in Q2 2026. There was no provision for credit loss in Q2 2026, compared to $3,000 thousand in Q1 2026. #### Capital Total equity was $3.17 billion at June 30, 2026, an increase of $874.5 million from December 31, 2025, primarily due to common shares issued from the Heritage acquisition and net earnings. The company’s capital ratios remained above regulatory standards: Tier 1 leverage capital ratio was 11.7%, Common equity Tier 1 capital ratio was 14.7%, Tier 1 risk-based capital ratio was 14.7%, and Total risk-based capital ratio was 15.8% at June 30, 2026. The Common Equity Tier 1 (CET1) Ratio was 14.7% in Q2 2026, down from 16.3% in Q1 2026. The Total Risk-Based Capital Ratio stood at 15.8% in Q2 2026, a decrease from 17.1% in Q1 2026. Tangible book value per share was $11.07 at June 30, 2026, decreasing from $11.42 in Q1 2026. The Tangible Common Equity (TCE) Ratio was 9.8% in Q2 2026, down from 10.5% in Q1 2026. #### Unique Metrics - **CitizensTrust**: Had approximately $5.18 billion in assets under management and administration, including $3.81 billion in assets under management, as of June 30, 2026. Revenues for CitizensTrust were $4.2 million for the second quarter of 2026. - **Acquisition of Heritage Commerce Corp**: Completed on April 17, 2026, resulting in total assets of $21.18 billion. The acquisition added $5,739 million in total assets, including $1,364 million in cash and cash equivalents, and $3,105 million in net loans as of April 17, 2026, along with $4,752 million in total deposits. The acquisition included $3.4 billion in fair value of loans, $1.2 billion in noninterest-bearing deposits, $3.5 billion in interest-bearing deposits, and $38.7 million in subordinated debentures. It also resulted in $450.7 million of intangible assets, including a core deposit premium of $116.6 million and goodwill of $334.1 million. The company also acquired CSNK Working Capital Finance Corp., doing business as Bay View Funding, which provides working capital factoring financing, with an average yield on factored receivables of 18.04% during the quarter. #### Shareholder Returns CVB Financial Corp. has paid 147 consecutive quarters of cash dividends, with a dividend per share of $0.20 for Q2 2026 and a dividend payout ratio of 73.25%. The board authorized a share repurchase program of up to 15 million shares on June 15, 2026, replacing the prior program. #### Outlook/Guidance CVB Financial Corp. aims to expand throughout California, focusing on serving the comprehensive financial needs of small to medium-sized businesses and their owners. With the systems integration from the Heritage acquisition complete, the company will continue to deliver its relationship-focused banking model across the state. 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