Every material Form 8-K CVB Financial filed with the SEC in 2026, 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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CVB Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →