Every material Form 8-K CVB Financial has filed with the SEC since November 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CVB Financial reported third-quarter 2026 net earnings of $78.1 million, or $0.44 per diluted share, up from $48.3 million and $0.29 in the second quarter and above $52.6 million and $0.38 in the third quarter of 2025. The results reflect a full quarter of the Heritage Bank of Commerce acquisition, which closed on April 17, 2026, and lower acquisition-related expenses, which fell to $8.1 million from $31.4 million.
Net earnings of $78.1 million and diluted EPS of $0.44 for Q3 2026, compared with $48.3 million and $0.29 in Q2 2026.
Net interest margin rose 17 basis points to 3.89% from 3.72% in Q2 2026.
Noninterest expense fell to $90.5 million from $114.4 million in Q2 2026, with acquisition-related expenses of $8.1 million versus $31.4 million.
Total assets were $20.52 billion at September 30, 2026, down $660.5 million from June 30, 2026.
CVB Financial reported second quarter 2026 net income of $48.3 million, or $0.29 per diluted share, down from $51.0 million and $0.38 in the first quarter and from $50.6 million and $0.37 a year earlier. Net interest income rose to $162.4 million, largely because the Heritage Commerce Corp acquisition, completed April 17, 2026, added assets and deposits, but $31.4 million of acquisition expense weighed on profit. For shareholders, the quarter shows higher revenue offset by lower earnings during the merger's first full quarter.
Net earnings were $48.3 million, or $0.29 per diluted share, versus $0.38 in the first quarter of 2026 and $0.37 in the second quarter of 2025.
Net interest income was $162.4 million, up $44.6 million from the first quarter; net interest margin was 3.72%, up 28 basis points.
Acquisition expense of $31.4 million and noninterest expense of $114.4 million reflected the Heritage acquisition completed April 17, 2026.
The board approved a 2026 repurchase program of up to 15,000,000 shares on June 15, 2026, replacing the 2024 program.
CVB Financial Corp. appointed Michael J. Maddox as a director of the Company and its bank subsidiary, Citizens Business Bank, effective July 22, 2026. The filing says the appointment raises the size of each board from 10 to 11 directors, and Mr. Maddox will receive a $77,000 annual directors' fee plus a pro-rated restricted stock grant.
Maddox was previously CEO of CrossFirst Bankshares and later president and CEO of Busey Bank until January 2026.
Annual directors' fee of $77,000; initial restricted stock grant to be approved at an August 23, 2026 Compensation Committee meeting.
Both the Company and Bank boards expand from 10 to 11 directors, within their By-laws.
Maddox will sit on the Company's Audit, Nominating and Corporate Governance, and Compensation committees.
CVB Financial and Citizens Business Bank signed a Third Amended and Restated Employment Agreement with CEO David A. Brager on June 1, 2026, extending his term to June 30, 2029, about three years early. The filing sets his base salary at $966,000, a target bonus of 120% of salary, and expanded severance and change-in-control terms.
Agreement dated June 1, 2026 extends the prior term that was set to end June 30, 2027, through June 30, 2029.
Base salary is $966,000 annualized; target bonus is 120% of salary, with a maximum of 180%.
Annual equity grants are targeted at 180% of base salary, with a minimum grant value of 150%.
Severance on termination without cause or for good reason is 2x base pay plus 2x average bonus, payable over 18 months; change-in-control severance is 2.5x.
CVB Financial said its Executive Vice President and General Counsel, Richard Wohl, will retire effective June 5, 2026, after notice received May 20, 2026. The Compensation Committee accelerated vesting of his restricted stock and performance restricted stock unit awards effective the same date, which the company values at approximately $364,346.
Richard Wohl retires as EVP and General Counsel of CVB Financial Corp. and Citizens Business Bank effective June 5, 2026
Accelerated vesting covers 3,074, 5,816 and 9,014 restricted stock shares plus performance restricted stock units
Company estimates the accelerated awards at approximately $364,346, based on a $20.35 closing price on May 22, 2026
Mr. Wohl has served as General Counsel since October 2011
CVB Financial reported first-quarter 2026 net earnings of $51.0 million, or $0.38 per diluted share, compared with $55.0 million, or $0.40 per share, in the fourth quarter of 2025 and $51.1 million, or $0.36 per share, a year earlier. Net interest income rose 6.7% from a year earlier but fell 3.93% from the prior quarter, and the company completed its acquisition of Heritage Commerce Corp on April 17, 2026.
Q1 2026 net earnings $51.0 million, down from $55.0 million in Q4 2025 and roughly flat with $51.1 million in Q1 2025
Diluted EPS $0.38, compared with $0.40 in Q4 2025 and $0.36 in Q1 2025
Net interest income $117.8 million, up $7.4 million (6.70%) year over year and down $4.8 million (3.93%) from Q4 2025
Heritage Commerce Corp acquisition completed April 17, 2026; its results will be reported in the second quarter 2026
CVB Financial Corp. completed its all-stock merger with Heritage Commerce Corp on April 17, 2026, with Heritage merging into CVBF and Heritage Bank of Commerce merging into Citizens Business Bank. The company said Citizens' total assets will exceed $20 billion, and it issued about 41 million CVBF shares to former Heritage shareholders, which dilutes existing holders.
Merger closed April 17, 2026; each Heritage share was converted into 0.65 CVBF shares.
About 41 million CVBF common shares were issued to former Heritage shareholders.
R. Clay Jones, formerly Heritage's CEO, was appointed President of CVBF and Citizens; David A. Brager remains CEO.
Jones' employment agreement includes a $700,000 annual base salary and a $1,800,000 cash retention award.
CVB Financial Corp. disclosed that director Kimberly Sheehy notified the company and Citizens Business Bank on February 18, 2026, that she will not stand for reelection when her term expires at the annual shareholder meeting on May 20, 2026. The company said the decision does not stem from any disagreement with its operations, policies or practices, and Sheehy will remain Audit Committee chair until her term ends.
Kimberly Sheehy will not stand for reelection as a director of CVB Financial and Citizens Business Bank.
Her current term expires at the annual shareholder meeting scheduled for May 20, 2026.
The company states the decision is not the result of any disagreements with its operations, policies or practices.
Sheehy will continue as Audit Committee chair until the end of her current term.
CVB Financial Corp. reported fourth-quarter 2025 net earnings of $55.0 million, or $0.40 per diluted share, up from $52.6 million and $0.38 in the third quarter of 2025 and from $50.9 million and $0.36 in the fourth quarter of 2024. For the full year 2025, net earnings were $209.3 million, or $1.52 per share, compared with $200.7 million, or $1.44 per share, in 2024.
Q4 2025 net earnings $55.0 million, $0.40 diluted EPS, versus $52.6 million and $0.38 in Q3 2025
Q4 2025 net interest margin 3.49%, up from 3.33% in Q3 2025 and 3.18% in Q4 2024
Full year 2025 net earnings $209.3 million, $1.52 per share, versus $200.7 million and $1.44 in 2024
Company repurchased 4,321,777 shares in 2025 at an average price of $18.60, totaling $80.4 million
CVB Financial Corp. signed an agreement on December 17, 2025 to merge with Heritage Commerce Corp, with CVB as the surviving company. Heritage shareholders would receive 0.65 CVB shares for each Heritage share, an implied value of about $811 million, or about $13.00 per Heritage share, based on CVB's December 16, 2025 closing price. The deal requires regulatory and shareholder approvals and has an outside date of January 15, 2027.
Exchange ratio: 0.65 CVBF common share for each Heritage common share; implied value about $811 million, or about $13.00 per Heritage share
Heritage Chief Executive Robertson "Clay" Jones to become President of CVB and Citizens Business Bank; David A. Brager remains Chief Executive Officer
Termination fee of $32,450,000 payable by either party in certain circumstances; outside date January 15, 2027
Closing requires regulatory approvals, shareholder approvals from both companies, and Nasdaq listing approval for the new shares
CVB Financial Corp. appointed Timothy Stephens, a retired EY partner, as a director of the company and its subsidiary Citizens Business Bank, effective November 1, 2025. The board size at both entities rises from eight to nine directors.
Stephens will earn a $77,000 annual directors' fee and receive a pro-rated initial restricted stock grant on November 19, 2025.
He will serve on the company's Audit, Nominating and Corporate Governance, and Compensation committees.
Stephens retired from EY in 2024 after a 27-year career.
The filing states no related-party transactions requiring disclosure under Item 404(a).
CVB Financial Corp. reported third-quarter 2025 net earnings of $52.6 million, or $0.38 per diluted share, up from $50.6 million and $0.37 in the second quarter and from $51.2 million and $0.37 a year earlier. Net interest income rose 3.6% from the prior quarter to $115.6 million, while noninterest income fell to $13.0 million after an $8.2 million loss on securities sales, partly offset by a $6.0 million legal settlement. Earnings per share and profit measures improved, which supports the bank's results for shareholders.
Net earnings of $52.6 million and diluted EPS of $0.38 for the quarter ended September 30, 2025, compared with $50.6 million and $0.37 in the prior quarter
Net interest income of $115.6 million, up $4.0 million from the second quarter of 2025; net interest margin of 3.33% versus 3.31% in the prior quarter
Noninterest income of $13.0 million, including an $8.2 million loss on sales of available-for-sale securities and a $6.0 million legal settlement received in the third quarter
Total deposits and customer repurchase agreements of $12.58 billion at September 30, 2025, up $186.5 million from June 30, 2025
CVB Financial Corp. reported net earnings of $50.6 million, or $0.36 per diluted share, for the quarter ended June 30, 2025. That was down slightly from $51.1 million in the first quarter of 2025 but up from $50.0 million in the second quarter of 2024, while diluted EPS was unchanged from both periods. Net interest margin rose to 3.31% from 3.05% a year earlier, and total assets were $15.41 billion at June 30, 2025.
Net earnings $50.6 million vs. $51.1 million in Q1 2025 and $50.0 million in Q2 2024
Diluted EPS $0.36, unchanged from Q1 2025 and Q2 2024
Net interest margin 3.31%, up from 3.05% in Q2 2024
Total assets $15.41 billion at June 30, 2025; conference call set for July 24, 2025 at 7:30 a.m. PDT
CVB Financial Corp. reported first-quarter 2025 net income of $51.1 million, or $0.36 per diluted share, in an 8-K furnishing its April 23, 2025 earnings release. Net income was up from $48.6 million in the first quarter of 2024 and roughly flat with $50.9 million in the fourth quarter of 2024, and diluted EPS matched the prior quarter's $0.36 and rose from $0.35 a year earlier. Net interest income was $110.4 million, down $2.02 million year over year, while net interest margin rose to 3.31%.
Net income of $51.1 million versus $50.9 million in Q4 2024 and $48.6 million in Q1 2024
Diluted EPS of $0.36, unchanged from Q4 2024 and up from $0.35 in Q1 2024
Net interest income of $110.4 million, down $2.02 million (1.79%) from Q1 2024; net interest margin of 3.31%
Total assets of $15.26 billion at March 31, 2025; the company repurchased 782,063 shares for $15.3 million during the quarter
CVB Financial Corp. reported fourth-quarter 2024 net earnings of $50.9 million, or $0.36 per diluted share, up from $48.5 million and $0.35 a year earlier but slightly below the third quarter's $51.2 million. For full-year 2024, net earnings were $200.7 million, or $1.44 per share, down from $221.4 million and $1.59 in 2023, as lower net interest income and securities losses weighed on results.
Q4 2024 net earnings $50.9 million, $0.36 diluted EPS, versus $0.35 in Q4 2023 and $0.37 in Q3 2024
Full-year 2024 net earnings $200.7 million, $1.44 diluted EPS, versus $221.4 million and $1.59 in 2023
Q4 2024 net interest income $110.4 million, down $8.9 million from Q4 2023; net interest margin 3.18%
Board authorized a 10 million share repurchase program in Q4 2024; no shares were repurchased in the quarter
CVB Financial Corp. appointed Sheryl P. Laygo, its Senior Vice President and Controller since October 2021, as Senior Vice President and Chief Accounting Officer effective November 20, 2024. She succeeds Francene LaPoint, whose resignation takes effect November 22, 2024; the CFO, E. Allen Nicholson, remains principal financial officer.
Sheryl P. Laygo, age 44, appointed Chief Accounting Officer effective November 20, 2024
Laygo previously served as Senior Vice President, Corporate Controller at Pacific Premier Bank from August 2017 to September 2021
Francene LaPoint announced her resignation on October 21, 2024, effective November 22, 2024
E. Allen Nicholson continues as Executive Vice President and Chief Financial Officer and principal financial officer
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