CVBF Earnings Prediction
The chart below shows how CVBF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVBF sees a -2.52% change in stock price 10 days leading up to the earnings, and a +0.21% change 10 days following the report. On the earnings day itself, the stock moves by +0.29%. This data can give you a slight idea of what to expect for the next quarter's release.
CVBF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
102.83M
-19.55%
-7.42%
Gross Margin
--
--
--
Operating Margin
66.17%
13.38%
8.71%
Net Margin
49.46%
30.33%
7.24%
EPS
0.36
2.86%
-2.70%
No Data Available
CVBF Earnings Analysis
CVB Financial Corp Corporation (CVBF.O) Earnings Conference Call
Positive
Consistent Profitability Achievement: Net earnings for Q4 2024 were $51,000,000 or $0.36 per share, marking the 191st consecutive quarter of profitability.
Quarterly Dividend Announcement: Declared a $0.20 per share dividend for Q4 2024, representing the 141st consecutive quarter of cash dividends paid to shareholders.
Return on Equity and Assets: Achieved a return on average tangible common equity of 14.31% and a return on average assets of 1.3% for Q4 2024.
Deposit Growth Increase: Total deposits and customer repurchase agreements increased by $505,000,000 from December 31, 2023, totaling $12,200,000,000.
Sale Leaseback Gains: Executed sale leaseback transactions in Q4 2024, realizing gains on sale totaling $16,800,000.
Negative
Net Interest Income Decline: Net interest income decreased by $3,200,000 or 2.8% quarter over quarter, primarily due to actions taken to deleverage the balance sheet, resulting in reduced earning assets.
Loan Decrease Overview: Total loans decreased by $36,000,000 from the end of the 3rd quarter and $368,000,000 or 4% from December 31, 2023, with a significant decline in commercial real estate loans by $111,000,000.
Non-Interest Income Decline: Non-interest income for Q4 was $13,100,000, down from $19,200,000 in Q4 of 2023, indicating a significant year-over-year decline of $6,100,000.
Unrealized Loss Increase: The unrealized loss on available-for-sale securities increased by $80,000,000 from $367,000,000 at September 30, 2024, to $448,000,000 at December 31, 2024, reflecting deteriorating asset values.
Interest Income Decline: Interest income declined by $18,000,000 over the Q3 of 2024, driven by a $11,000,000 decrease in interest from funds deposited at the Federal Reserve and a $4,700,000 decrease in loan interest income.
CVBF FAQs
How does CVBF typically perform around its earnings report dates?
Is Earnings call transcript: CVB Financial beats Q4 2024 EPS forecast positive or negative?
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CVBF Earning Call Sentiment
Earnings call transcript: CVB Financial beats Q4 2024 EPS forecast
CVBF.O
-0.31%Positive
The earnings call shows mixed signals: a slight increase in net earnings and improved efficiency ratio are positives, but declining net interest income and non-interest income are concerns. The new share repurchase program is positive, but no shares were repurchased in Q4. The Q&A reveals optimism about loan demand and deposit growth, though management's unclear responses on M&A and wildfire impacts raise uncertainties. Given the company's small market cap, the stock price may experience a neutral movement within -2% to 2%.
