CVB Financial (CVBF) investor relations material

Executive summary

• Net earnings for Q2 2025 were $50.6M–$51M ($0.36–$0.37/share), marking 193 consecutive profitable quarters and 143 consecutive quarters of cash dividends.

• Return on average tangible common equity was 14.08% and return on average assets was 1.34% for Q2 2025.

• Largest financial institution headquartered in the Inland Empire, CA, with $15.4B in assets and $12.4B in deposits as of June 30, 2025.

• Focused on relationship banking for privately-held and family-owned businesses with annual revenues of $1–300M.

• Year-to-date net earnings reached $101.7M, a $3M increase over the same period in 2024.

Financial highlights

• Net interest income for Q2 2025 was $111.6M, up 1.1% sequentially and 0.7% year-over-year; NIM was 3.31%.

• Noninterest income was $14.7M, down from Q1 due to prior OREO gain; excluding this, it rose year-over-year.

• Noninterest expense decreased to $57.6M from Q1, with efficiency ratio improving to 45.6%.

• Total assets at June 30, 2025 were $15.41B, up from Q1 and year-end 2024.

• Total deposits and customer repos reached $12.4B, up $123M from Q1 and $330M year-over-year.

Outlook and guidance

• Economic forecast expects GDP growth below 1% until 2026, unemployment to reach 5% by 2026, and subdued CRE prices.

• Loan pipelines remain strong, but rate competition is intense; origination yields expected to decline slightly in Q3.

• Expense growth projected to remain low single digits, with technology costs growing around 10%.

• Management expects continued pressure on loan yields and asset growth due to economic and interest rate conditions.

• No assurance is given that future economic conditions will not require increased provisions for credit losses.