CVB Financial (CVBF) Q3 2025 earnings summary

Executive summary

• Net earnings for Q3 2025 were $52.6 million ($0.38 per share), up from $50.6 million in Q2 2025 and $51.2 million in Q3 2024, marking 194 consecutive profitable quarters and 144 consecutive quarters of cash dividends.

• Return on average tangible common equity was 14.11%, return on average assets was 1.35%, and return on average equity was 9.19% for Q3 2025.

• The institution is the largest headquartered in the Inland Empire, California, with $15.7 billion in assets, $8.5 billion in gross loans, and $12.6 billion in deposits as of September 30, 2025.

• Year-to-date net earnings reached $154.3 million, a $4.4 million increase over the same period in 2024.

• Recognized as a top bank by Forbes and S&P Global Market Intelligence.

Financial highlights

• Net interest income for Q3 2025 was $115.6 million, up 3.6% from Q2 2025 and 1.7% from Q3 2024.

• Net interest margin increased to 3.33% in Q3 2025 from 3.31% in Q2 2025 and 3.05% in Q3 2024.

• Noninterest income was $13 million, impacted by an $8.2 million loss on AFS securities sales and a $6 million legal settlement.

• Noninterest expense was $58.6 million, up $1 million sequentially, with an efficiency ratio of 45.6%.

• Loans increased by $112 million and deposits by $187 million sequentially from Q2 2025.

Outlook and guidance

• Management expects continued asset growth, stable credit quality, and strong capital ratios, with low single-digit loan and expense growth.

• Economic forecasts anticipate GDP growth below 1.5% until late 2027 and unemployment above 5% through 2028.

• CRE price index growth is expected to remain positive but moderate over the forecast period.

• Management remains confident in deposit gathering and sees opportunities for further growth, especially in new markets.