CVB FINANCIAL CORP. CVBF Cash Flow

Cvb financial corp. (CVBF)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operating Activities
Interest and dividends received
105,673	106,842	110,411	111,685	109,857	117,375	95,252	75,487	75,103	73,713	77,194	74,479	71,499	70,215	70,331	69,737	68,927	69,044	70,802	69,156	68,591	70,273	68,022	61,648	63,935	62,597	61,447	60,327	59,834	63,881	64,738	69,074	66,789	67,779	67,200	67,958	67,948	70,022	73,981	77,201	78,809
Service charges and other fees received
9,644	11,048	10,073	11,121	10,247	9,808	9,075	8,618	8,414	8,234	9,313	9,448	8,008	7,859	6,277	8,827	8,081	8,000	7,764	6,992	6,848	11,874	7,617	7,799	7,237	7,391	4,973	9,225	8,905	8,255	9,161	10,953	8,030	8,966	8,648	7,795	8,446	8,156	11,606	7,491	8,177
Interest paid
4,589	5,038	5,266	5,553	5,336	4,599	4,354	2,116	2,172	2,007	2,111	2,121	2,047	1,898	2,059	2,050	1,980	1,836	1,863	1,787	3,981	3,947	4,136	3,904	4,080	4,110	4,104	4,059	4,343	4,503	7,815	7,212	7,504	63,505	-45,842	8,868	9,695	10,920	14,531	16,307	17,736
Net cash paid to vendors, employees and others
35,201	42,086	33,563	46,638	60,281	61,199	42,235	32,632	35,932	30,814	29,425	34,159	20,026	29,856	26,140	26,206	43,524	33,807	29,982	25,102	43,608	42,147	29,262	25,549	37,955	23,635	30,604	4,780	34,057	25,258	46,413	24,853	34,081	215,481	-155,939	30,191	33,942	41,842	49,304	27,182	27,384
Income taxes
-	-	-	-	-	12,997	9,500	25,757	622	16,972	13,181	39,932	165	20,000	8,495	23,000	0	20,500	11,000	27,000	0	14,589	8,500	35,500	0	3,000	12,000	16,000	22,200	-	-	-	-	114,000	-114,000	30,000	27,000	-	-	-	-
Payments to FDIC, loss share agreement
-	-	-	-	-	1	0	-26	-39	-21	-24	-24	-450	-4	-307	-29	-174	-629	0	-725	265	52	186	-1,187	-185	-235	-73	125	187	1,132	11,566	4,960	1,316	-1,712	14,711	7,446	21,734	-	-	-	-
Net cash provided by operating activities
75,527	60,772	64,808	28,115	54,487	48,389	48,238	22,330	45,996	32,133	41,766	7,361	57,149	26,316	39,607	27,279	31,330	20,272	35,721	21,534	28,115	21,516	33,927	3,307	28,952	39,008	19,639	44,838	8,326	39,507	30,782	49,922	34,550	34,217	54,170	14,140	27,491	33,820	4,498	22,681	41,866
Cash Flows from Investing Activities
Proceeds from redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-813	-610	0	0	-7,750	0	0	-1,514	-2,128	-6,771	-7,089	-5,796	-5,765	-5,670	-5,777	-3,386	-3,408	-3,467	-24,592	3,537	3,566	3,434	-	-	-	-
Net change in interest-earning balances from depository institutions
-20,868	2,742	752	995	250	1,142	1,132	2,950	7,852	2,569	4,529	5,271	18,006	35,330	8,094	-554	4,309	498	-8,811	1,495	1,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of interest-earning balances from depository institutions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,494	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	99,155	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of investment securities available-for-sale
92,519	95,360	104,195	87,268	77,303	86,233	101,207	100,697	95,018	105,067	119,053	99,120	102,426	122,911	97,842	133,066	95,004	94,471	98,797	107,683	94,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,514
Proceeds from maturity of investment securities available-for-sale
2,390	1,050	1,804	3,690	565	4,391	9,454	861	9,945	7,683	4,322	11,241	5,374	16,394	25,203	39,501	16,505	45,387	28,721	20,587	34,014	12,700	-79,935	78,058	65,093	-264,114	94,911	112,810	136,939	157,958	147,189	124,837	129,203	133,949	85,157	67,950	86,684	-	-	-	-
Purchases of investment securities available-for-sale
-	-	-	-	-	-	-	-	-	39,238	45,304	100,489	134,572	253,111	111,195	87,480	9,888	262,980	195,199	234,484	1,967	66,662	325,424	313,769	99,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment and maturity of investment securities held-to-maturity
33,297	33,568	29,311	22,092	29,598	13,955	12,840	24,748	30,273	22,093	25,498	37,538	33,411	49,786	102,858	91,465	37,032	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investment securities held-to-maturity
1,509	4,670	5,807	17,266	19,844	-	-	0	0	6,234	6,054	21,217	8,895	84,877	261,457	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in equity investments
2,985	12,977	700	497	2,314	809	2,227	16,250	5,577	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of investment securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-47,199	7,431	39,768	-	36,308	19,334	6,533	10,058	8,635	29,255	36,397	5,932	43,070	16,285	25,055	118,983	131,280	23,664	30,845
Net decrease (increase) in loan and lease finance receivables
-103,890	58,385	-42,040	-83,862	-163,588	172,248	27,608	18,622	-39,424	82,166	54,924	67,294	-92,505	93,994	54,423	62,954	-8,331	192,354	33,215	65,912	-101,774	118,199	82,599	-26,312	-157,719	100,651	97,727	-28,079	-83,023	13,474	41,789	-50,395	-52,869	-490,228	450,881	-56,437	-136,380	-63,033	-65,575	-20,026	-116,375
Proceeds from sale of building, net
0	268	0	0	5,487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,417	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	390,780	171,139	197,690	375,319	164,106	42,439	360,846	1,447,429	-981,486	69,820	280,623	191,016	669,523	180,318	57,854
Proceeds from sales of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	4	0	5	1	1	0	25	11	33	0	147	126	27	75	12
Purchase of premises and equipment
882	2,461	433	1,138	1,490	711	2,258	509	716	1,764	660	1,471	998	10,272	298	1,134	911	620	764	328	157	225	704	663	301	341	539	482	1,059	889	469	2,202	711	2,355	-1,138	150	309	901	1,200	2,877	1,734
Proceeds from BOLI death benefit
138	151	1,334	0	175	1,501	0	0	882	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other real estate owned
0	0	0	0	523	0	0	0	8,067	-	-	-	0	256	1,225	421	200	8	1,041	120	1,418	3,237	334	2,254	0	49	50	9,429	3,443	1,021	3,796	6,971	6,507	8,990	7,051	3,077	1,789	9,488	-929	6,027	1,874
Cash acquired from acquisition, net of cash paid
-	-	-	-	-	-	-	-	-	0	0	0	-28,325	0	0	0	7,504	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	-1	320	10
Net cash provided by investing activities
205,990	-212,933	99,724	184,691	253,841	-63,121	693,868	-4,834	185,168	-17,272	49,815	-28,090	135,582	-218,854	-190,194	104,927	150,105	-293,737	-74,728	-163,089	230,806	-71,578	-234,521	-131,783	169,361	-166,294	-351,977	3,796	136,019	-214,867	-43,357	170,225	-133,089	-59,840	-76,725	77,346	-27,444	105,288	169,445	113,680	162,022
Cash Flows from Financing Activities
Net increase (decrease) in other deposits
403,546	-73,987	149,378	44,428	-156,745	-202,382	-253,233	-164,540	175,839	-26,715	-82,797	-122,584	181,485	32,294	-3,868	411,742	101,042	-38,509	-14,082	108,270	322,642	-201,715	99,983	155,499	237,238	1,922	78,207	154,702	-85,560	17,313	105,829	53,473	115,807	23,152	127,329	92,634	95,328	97,328	-70,659	107,761	50,129
Net increase (decrease) in time deposits
5,130	-15,415	-17,871	-35,725	-16,625	-79,954	-42,233	-9,589	-13,257	-7,857	-6,288	-23,048	-10,149	-43,609	-261,123	-32,483	-26,271	-3,703	-20,326	-12,166	-29,524	47,080	29,739	-15,089	-17,083	-6,777	-15,043	-8,541	-2,266	-24,442	-23,563	-34,730	-40,248	-7,748	-42,458	-74,053	-128,464	-100,936	-8,340	-24,740	29,930
Repayment of FHLB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	200,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-50,000	150,000	0	100,000
Repayment of junior subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20,619	20,619	0	20,619	20,619	6,805	-	-	-	-	-	-	-	-
Net decrease in other borrowings
0	-4,914	4,914	-153,000	-127,000	250,000	-136,000	0	0	-63,000	63,000	0	-53,000	53,000	0	0	-46,000	46,000	0	0	-46,000	46,000	0	0	-69,000	26,518	42,482	0	-26,000	-	-	-	-	-1,930	-553	-483	1,049	198,165	-198,859	-1,621	1,807
Net (decrease) increase in customer repurchase agreements
-59,744	20,809	-13,421	-41,503	20,519	42,778	15,423	-103,223	-66,496	98,704	-91,016	-18,302	-38,641	25,038	-12,475	-35,974	-63,844	80,530	-52,152	101,974	-3,275	34,803	-82,635	-15,343	-16,449	77,368	74,242	-8,474	26,871	24,456	-18,848	-9,932	-31,802	24,097	-50,147	-42,589	35,821	-15,384	61,911	-39,553	50,082
Cash dividends on common stock
25,252	25,260	25,256	25,220	19,616	19,662	15,442	15,437	15,425	15,421	15,421	13,214	12,991	12,973	12,952	12,934	12,766	12,763	12,759	12,750	10,590	10,580	10,601	10,580	10,537	-	-	-	-	17,827	8,909	8,913	8,903	62,752	-44,982	9,018	9,017	9,016	9,011	9,041	9,035
Repurchase of common stock
85,018	1,105	723	77	735	6,772	151	45	792	131	164	16	817	1,411	88	16	392	228	95	14	497	91	475	4,876	32	100	398	37	24	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
42	3	155	1,917	140	197	87	589	828	146	148	199	2,190	1,977	920	1,969	285	472	172	1,187	3,313	144	269	1,425	3,684	1,866	1,871	685	95	145	172	885	1,355	2	0	38	19	401	421	573	152
Tax benefit related to exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-464	30	128	614	133	187	237	559	260	156	54	5	15	3	66	110	-1	0	0	2	-34	122	302	35
Net cash provided by (used in) financing activities
238,704	-99,869	97,176	-209,180	-300,062	-15,795	-729,120	-292,245	80,697	-14,274	-132,538	-176,965	68,077	55,012	-289,436	327,390	-47,946	71,335	-99,212	186,629	36,683	-84,226	36,467	111,273	128,380	90,537	181,512	98,356	-107,498	25,606	-215,935	-19,770	29,514	-71,976	8,422	-33,471	-5,262	-29,877	-379,183	33,681	23,100
Net increase in cash and cash equivalents
520,221	-252,030	261,708	3,626	8,266	-30,527	12,986	-274,749	311,861	587	-40,957	-197,694	260,808	-137,526	-440,023	459,596	133,489	-202,130	-138,219	45,074	295,604	-134,288	-164,127	-17,203	326,693	-36,749	-150,826	146,990	36,847	-149,754	-228,510	200,377	-69,025	-97,599	-14,133	58,015	-5,215	109,231	-205,240	170,042	226,988
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities
Net earnings
37,980	51,281	50,423	54,481	51,642	43,159	38,558	35,373	34,913	17,851	29,683	28,373	28,504	27,076	25,448	25,514	23,391	28,613	27,886	26,813	15,833	25,581	24,295	25,484	28,661	25,288	24,239	24,466	21,615	22,136	9,257	23,619	22,268	21,712	22,383	21,038	16,600	9,874	17,927	19,015	16,119
Adjustments to reconcile net earnings to net cash provided by operating activities:
Gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,101	-	-	0	0	671	0	0	5,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	2,094	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of building, net
0	231	0	0	4,545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of premises and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	3	133	-204	16	4	0	-6	-	-	-	-	52	-24	6	7	-117	1	-56	-9
Gain on sale of other real estate owned
0	0	-24	24	105	0	0	0	3,540	-	-	-	-	-	-	-	-	-2	154	120	112	735	105	117	0	0	-5	2,541	512	-65	524	783	151	520	128	0	74	172	-1,596	725	185
Amortization of capitalized prepayment penalty on borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	521	-	68	68	68	68	68	68	68	68	68	68	68	-	-	-	-	-	-	-	-
Increase in BOLI
-1,344	-78	-2,003	-2,162	-1,427	-2,698	-1,238	-717	-1,098	-516	-725	-2,842	-849	-712	-842	-1,637	-638	-880	-479	-2,040	-630	-557	-596	-539	-622	-630	-483	-590	-732	-5,883	781	740	750	-5,848	733	1,149	707	731	813	736	845
Net amortization of premiums and discounts on investment securities
-2,620	-2,705	-2,539	-2,556	-2,498	-2,870	-3,359	-3,463	-3,839	-31,602	4,596	4,375	4,614	-36,427	25,614	-5,015	-5,177	34,145	-4,856	-4,724	-5,025	-5,505	-5,471	-4,950	-5,094	-6,294	-6,832	-7,152	-6,786	-6,504	-6,455	-16,571	5,448	-23,235	3,282	2,636	3,212	3,377	1,213	1,359	998
Accretion of discount for acquired loans, net
4,776	6,462	7,154	8,015	7,200	8,511	4,752	1,125	1,012	4,403	251	252	253	1,916	543	769	800	1,022	998	1,032	980	1,279	1,372	1,467	1,707	2,060	2,947	3,456	4,393	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
12,000	-	-	-	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recapture of loan losses
-	-	-	-	-	3,000	500	-1,000	-1,000	-1,500	-1,500	-1,000	-4,500	-4,400	-2,000	0	0	-	-	-	-	-32,200	1,000	7,600	7,500	6,800	3,750	6,200	0	-	-	0	0	-14,136	0	0	7,068	12,700	25,300	11,000	12,200
Recapture of provision for unfunded loan commitments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500	0	1,250	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of SJB discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,521	4,692	-	3,980	5,707	1,951	-49,745	4,481	4,474	13,378
Valuation adjustment on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	89	248	0	0	129	33	0	65	0	0	402	0	14	73	557	172	92	226	1,290	1,502	1,527	820	-	-	-	-
Change in FDIC loss share asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	479	1,467	1,707	23,575	-3,248	-3,444	-4,023	-2,577	-7,059	-15,224	2,944	-947	844	1,689	-1,415	1,056	2,630	1,587	10,583
Payments to FDIC, loss share agreement
-	-	-	-	-	1	0	-26	-39	-21	-24	-24	-450	-4	-307	-29	-174	-629	0	-725	265	52	186	-1,187	-185	-235	-73	125	187	1,132	11,566	4,960	1,316	-1,712	14,711	7,446	21,734	-	-	-	-
Stock-based compensation
1,617	1,756	1,821	952	1,019	1,192	847	733	736	753	743	778	679	649	847	653	654	689	673	639	732	711	746	875	656	487	546	432	461	652	550	432	405	541	486	597	590	521	571	573	532
Depreciation and amortization, net
5,176	5,043	9,161	2,163	5,669	4,203	3,792	97	257	3,090	-31	-960	558	2,196	1,443	1,548	137	-1,294	-472	563	-271	344	-370	504	354	420	426	772	831	1,756	1,808	1,810	2,158	2,335	2,318	2,435	2,560	2,581	2,759	2,618	2,588
Change in accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-322	-	1,015	-55	-276	191	-302	-823	630	-1,784	-500	990	137	372	140	-263	-384	8,167	-1,437	-455	-1,250
Change in accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-855	-	-48	40	-28	5	-70	-130	-187	-81	-1,781	-62	-109	-717	-234	-149	-359	-119	-714	-188	-475
Change in other assets and liabilities
-22,254	-6,758	-8,526	18,175	-5,436	-5,423	-7,172	14,468	-12,940	-17,189	-9,275	20,685	-28,846	4,321	-10,895	2,819	-4,436	8,310	-6,887	5,131	-8,434	-11,056	-8,376	19,093	-7,304	-13,831	9,200	-20,459	17,176	-52,708	4,470	11,919	5,282	-10,073	-13,204	16,599	20,964	-14,976	13,619	-922	-12,470
Total adjustments
37,547	9,491	14,385	-26,366	2,845	5,230	9,680	-13,043	11,083	14,282	12,083	-21,012	28,645	-760	14,159	1,765	7,939	-8,341	7,835	-5,279	12,282	-4,065	9,632	-22,177	291	13,720	-4,600	20,372	-13,289	17,371	21,525	26,303	12,282	12,505	31,787	-6,898	10,891	23,946	-13,429	3,666	25,747
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-274,749	311,861	-	-40,957	-197,694	260,808	-	-	-	-	-	-	-	-	-	-164,127	-17,203	326,693	-	-150,826	146,990	36,847	-149,754	-228,510	200,377	-69,025	-97,599	-14,133	58,015	-5,215	109,231	-205,240	170,042	226,988
Net cash provided by operating activities
75,527	60,772	64,808	28,115	54,487	48,389	48,238	22,330	45,996	32,133	41,766	7,361	57,149	26,316	39,607	27,279	31,330	20,272	35,721	21,534	28,115	21,516	33,927	3,307	28,952	39,008	19,639	44,838	8,326	39,507	30,782	49,922	34,550	34,217	54,170	14,140	27,491	33,820	4,498	22,681	41,866
Supplemental Disclosure of Non-cash Investing Activities
Securities purchased and not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-19,334	-1,612	40,571	4,152	-40,621	-17,376	57,343	2,350	-	-55,787	-18,962	75,392	-	-	62,853	4,630	-	-	321	2,014	-242	14,999	-49,907	55,791	-	-	-	-
Transfer of loans to other real estate owned
0	-4,561	7,175	0	2,275	0	420	0	0	-	-	-	-	-	-	-	-	0	55	842	2,824	1,323	162	478	0	0	0	189	1,303	5,664	1,579	2,195	808	3,214	11,579	13,869	3,669	4,550	7,320	830	17,397
Issuance of common stock for acquisition
-	-	-	-	-	0	722,767	0	0	0	0	0	37,637	0	0	0	21,642	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-