CVB FINANCIAL CORP

CVB Financial Corp. announced a cash dividend of $0.20 per share for the second quarter of 2026. The dividend, approved by the Board of Directors on June 24, 2026, will be paid on or about July 23, 2026, to shareholders of record as of July 9, 2026. CEO David A. Brager highlighted the company's consistent financial performance, enabling its 147th consecutive quarterly cash dividend.

CVB Financial Corp.'s Board of Directors authorized a new share repurchase program for up to 15,000,000 shares of common stock. This 2026 Repurchase Program replaces the previous 2024 program, which had 5,678,223 shares remaining and has now been terminated. CEO David A. Brager stated the program reflects the company's strong capital position and consistent track record of delivering long-term value to shareholders.

CVB Financial Corp. announced that its Board of Directors authorized a new share repurchase program, allowing the company to buy back up to 15,000,000 shares of its common stock. This 2026 program replaces the previous 2024 program, under which approximately 5.7 million shares were still available. The CEO stated that the program reflects the company's strong capital position and commitment to shareholder value.

CVB Financial Corp. and Citizens Business Bank have entered into a Third Amended and Restated Employment Agreement with CEO David A. Brager, extending his term through June 30, 2029. The agreement, an early renewal of his previous contract, maintains his current annualized base salary of $966,000. Mr. Brager remains eligible for an annual target bonus of 120% of his base salary and annual equity grants with an expected target value of 180% of his base salary. The agreement also outlines severance provisions for various termination scenarios, including a change-in-control.

CVB Financial Corp. announced that Richard Wohl, Executive Vice President and General Counsel, will retire from his role effective June 5, 2026. In recognition of his service since October 2011, the Compensation Committee approved the early acceleration of vesting for his equity awards. These awards, totaling 17,904 shares of restricted stock, have an estimated value of approximately $364,346.

CVB Financial Corp. announced a planned leadership transition for its Boards. Hal W. Oswalt will transition from Chairman to Vice-Chairman of the Boards of CVBF and Citizens Business Bank. George A. Borba Jr., a current director and Vice-Chairman, has been elected as the new Chairman. Both individuals assumed their new roles immediately. The company highlighted its significant growth, surpassing $20 billion in assets following recent mergers with Heritage Commerce Corp.

CVB Financial Corp. announced its financial results for the quarter ended March 31, 2026, via a press release issued on April 22, 2026. The company also updated its April 2026 slide presentation to reflect the first quarter financial information. This presentation will be used by the CEO, President, and CFO during institutional investor meetings throughout Q2 2026 and is available on the company's website.

CVB Financial Corp. reported net earnings of $51.0 million, or $0.38 diluted EPS, for the first quarter of 2026. This compares to $55.0 million ($0.40 EPS) in Q4 2025 and $51.1 million ($0.36 EPS) in Q1 2025. The company achieved a net interest margin of 3.44% and a return on average assets of 1.33%. Additionally, CVBF completed its strategic acquisition of Heritage Commerce Corp on April 17, 2026, which is expected to expand its presence into the Bay Area, with financial results to be included in Q2 2026.

CVB Financial Corp. announced the completion of its all-stock merger with Heritage Commerce Corp on April 17, 2026. This strategic acquisition significantly expands Citizens Business Bank's footprint, particularly in the Bay Area, and boosts its financial scale. Post-merger, Citizens' total assets now exceed $20 billion, with loans increasing to approximately $12 billion and deposits to $17 billion. Clay Jones, former Heritage CEO, joins Citizens as President, and two Heritage directors have been added to the boards.