Quarterly ResultJul 22, 2026, 06:05 PM
CVB Financial Q2 Net Earnings $48.3M; Assets $21.18B Post-Acquisition
AI Summary
CVB Financial Corp. reported second quarter 2026 net earnings of $48.3 million, or $0.29 per diluted share, a decrease from the prior quarter, primarily due to $31.4 million in acquisition expenses related to the Heritage Commerce Corp merger. The acquisition, completed on April 17, 2026, significantly boosted total assets to $21.18 billion and expanded the net interest margin to 3.72%. The company also announced a new share repurchase program for up to 15 million shares.
Key Highlights
- Net earnings for Q2 2026 were $48.3 million, down from $51.0 million in Q1 2026.
- Diluted earnings per share were $0.29 for Q2 2026, compared to $0.38 in Q1 2026.
- Total assets reached $21.18 billion at June 30, 2026, up 36.6% from March 31, 2026.
- Net Interest Margin expanded to 3.72% in Q2 2026, up 28 basis points from Q1 2026.
- Acquisition of Heritage Commerce Corp completed on April 17, 2026, adding $3.4 billion in loans.
- Incurred $31.4 million in acquisition expenses during Q2 2026.
- Board approved a new share repurchase plan for up to 15 million shares.
Price Impact
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