CVB FINANCIAL CORP. CVBF Income Statement

Cvb financial corp. (CVBF)

Income statement / TTM

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
Interest income:
Loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Loans and leases, including fees
390,058	397,628	401,228	382,250	337,775	293,284	248,255	224,435	220,681	214,126	207,464	199,220	195,863	192,992	189,758	190,826	185,891	185,663	186,168	184,269	182,505	181,619	189,889	184,672	182,633	179,631	191,343	195,196	201,375	205,753	186,678	189,910	191,192	194,504	0	0	0	-	-	-	-
Accretion on acquired covered loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	20,206	17,141	15,327	12,586	0	0	0	-	-	-	-
Loans, including fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	206,837	207,021	206,499	207,090	214,421	219,798	224,273	240,726	0	0	0
Investment securities:
Investment securities available-for-sale
38,734	39,330	40,887	43,186	44,765	45,988	46,977	47,696	49,006	49,778	49,347	48,532	47,543	47,702	49,261	52,570	58,055	63,190	67,818	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities held-to-maturity
16,861	17,388	17,912	18,280	18,661	18,901	19,239	19,757	20,273	21,015	21,363	20,966	20,386	20,227	20,386	19,035	14,328	9,018	3,550	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total investment income
55,595	56,718	58,799	61,466	63,426	64,889	66,216	67,453	69,279	70,793	70,710	69,498	67,929	67,929	69,647	71,605	72,383	72,208	71,943	71,460	70,793	68,378	64,666	59,598	53,668	50,399	48,169	48,436	52,065	54,743	57,184	59,656	61,158	60,950	60,102	62,529	67,256	75,114	0	0	0
Taxable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	26,103	26,247	29,602	32,025	34,114	36,275	37,641	37,310	36,182	38,236	42,475	49,720	0	0	0
Tax-advantaged
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	22,066	22,189	22,463	22,718	23,070	23,381	23,517	23,640	23,920	24,293	24,781	25,394	0	0	0
Dividends from FHLB stock
1,235	1,235	2,017	2,045	2,045	2,045	1,264	1,253	1,314	1,375	2,084	2,169	2,249	2,224	1,592	1,698	2,673	2,774	2,874	2,883	1,995	2,130	2,249	2,353	2,294	2,033	1,840	1,297	924	671	322	295	267	242	273	326	323	324	0	0	0
Interest-earning deposits with other institutions
2,788	2,269	1,307	665	1,200	1,642	1,724	1,550	1,201	932	1,013	1,685	1,957	1,905	2,105	1,533	1,028	868	805	630	710	776	432	499	489	489	488	484	460	439	0	0	0	-	-	-	-	-	-	-	-
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	426	372	331	221	235	335	445	616	482	656	806	995	1,162	1,248	1,140	868	0	0	0
Total interest income
449,676	457,850	463,351	446,426	404,446	361,860	317,459	294,691	292,475	287,226	281,271	272,572	267,998	265,050	262,773	265,333	261,833	261,513	261,756	259,320	256,021	252,903	246,866	239,645	235,022	232,773	233,613	241,384	254,970	262,222	265,585	268,270	269,273	269,720	276,215	284,158	293,249	317,289	0	0	0
Interest expense:
Deposits
17,373	17,120	16,337	14,715	12,171	9,825	7,538	6,126	6,136	6,044	5,960	5,930	5,953	5,957	5,877	5,685	5,410	5,266	5,274	5,169	5,084	4,977	4,896	4,896	4,832	4,887	4,933	5,103	5,499	5,911	6,326	6,907	7,573	8,708	10,801	13,132	15,753	18,253	0	0	0
Borrowings and customer repurchase agreements
2,828	3,959	4,226	4,264	3,224	2,067	1,762	1,558	1,603	1,579	1,574	1,521	1,484	1,478	1,498	1,520	1,517	2,867	5,194	7,547	9,934	10,991	11,098	11,142	11,129	10,999	10,913	12,231	14,391	16,662	19,649	21,311	22,177	23,002	23,478	26,382	31,030	36,354	0	0	0
Junior subordinated debentures
933	999	1,020	1,018	991	923	855	784	718	673	641	603	570	541	507	481	457	438	429	424	422	421	424	424	442	621	966	1,478	2,143	2,699	3,107	3,313	3,349	3,329	3,303	3,376	3,379	3,365	0	0	0
Total interest expense
21,134	22,078	21,583	19,997	16,386	12,815	10,155	8,468	8,457	8,296	8,175	8,054	8,007	7,976	7,882	7,686	7,384	8,571	10,897	13,140	15,440	16,389	16,418	16,462	16,403	16,507	16,812	18,812	22,033	25,272	29,082	31,531	33,099	35,039	37,582	42,890	50,162	57,972	0	0	0
Net interest income before provision for credit losses
428,542	435,772	441,768	426,429	388,060	349,045	307,304	286,223	284,018	278,930	273,096	264,518	259,991	257,074	254,891	257,647	254,449	252,942	250,859	246,180	240,581	236,514	230,448	223,183	218,619	216,266	216,801	222,572	232,937	236,950	236,503	236,739	236,174	234,681	238,633	241,268	243,087	259,317	0	0	0
Provision for credit losses
15,500	5,000	8,000	7,000	4,000	1,500	-3,000	-5,000	-5,000	-8,500	-11,400	-11,900	-10,900	-6,400	-7,100	-7,600	-5,600	-5,600	-32,700	-29,200	-23,600	-16,100	22,900	25,650	24,250	16,750	0	0	0	-	-	-14,136	-14,136	-7,068	19,768	45,068	56,068	61,200	0	0	0
Net interest income after provision for credit losses
413,042	430,772	433,768	419,429	384,060	347,545	310,304	291,223	289,018	287,430	284,496	276,418	270,891	263,474	257,991	261,247	260,049	258,542	255,359	249,180	249,181	252,614	253,348	248,833	242,869	233,016	226,751	228,772	232,937	236,950	236,503	236,739	236,174	227,613	218,865	196,200	187,019	198,117	0	0	0
Noninterest income:
Impairment loss on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Plus: Reclassification of credit-related impairment loss from other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	587	0	0	0
Net impairment loss on investment securities recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	904	0	0	0
BOLI income
6,521	5,798	5,516	4,655	4,375	4,018	3,500	3,256	3,684	3,420	3,511	3,525	2,780	2,612	2,618	2,403	2,459	2,561	2,524	2,646	2,439	2,428	2,496	2,380	2,406	2,511	2,569	2,853	2,966	2,973	2,941	2,893	3,302	3,259	3,319	3,399	2,987	3,125	0	0	0
Gain on OREO, net
34	129	135	135	111	3,546	3,542	3,544	0	-	0	0	-	-	-	-	-	-	-	-	-	-	264	134	2,572	3,131	3,653	4,408	0	-	0	0	-	-	-	-	-	-	-	-	-
Gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	1,101	0	0	0	-	-	671	671	6,001	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) gain on sale of securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,094	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-
Decrease in FDIC loss sharing asset, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,591	-20,732	-23,501	-18,590	-12,860	-37,036	-26,729	-20,837	-21,916	18,392	12,177	4,530	171	-29,538	-27,752	-27,854	-15,856	0	0	0
Gain on sale of building, net
231	4,776	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on eminent domain condemnation, net
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
9,710	9,956	9,139	8,666	7,241	6,588	5,750	5,735	6,368	6,196	5,673	5,369	4,966	4,277	4,339	3,746	2,900	2,887	3,987	3,845	4,108	4,292	2,987	2,976	2,940	2,936	3,040	3,622	5,852	5,377	6,403	6,266	2,796	3,847	2,799	3,226	4,048	3,965	0	0	0
Total noninterest income
54,379	59,042	57,160	55,378	46,868	43,481	45,305	45,231	46,312	42,118	37,948	37,093	35,591	35,552	35,854	35,084	34,155	33,483	34,624	34,220	32,925	36,412	32,447	29,395	30,040	25,287	25,126	22,795	17,392	15,903	20,904	25,792	29,494	34,216	30,674	59,879	69,303	57,114	0	0	0
Noninterest expense:
Salaries and employee benefits
121,050	119,475	119,203	115,400	107,589	100,601	91,633	87,149	87,804	87,065	84,742	83,310	83,007	82,630	82,284	82,276	80,521	78,618	78,812	77,783	76,522	76,644	75,408	74,431	73,132	71,015	70,417	69,517	69,075	68,496	67,390	67,480	69,054	69,993	70,015	69,747	69,006	69,419	0	0	0
Occupancy and equipment
20,702	21,289	23,164	23,396	22,073	20,841	17,952	17,028	17,264	16,756	16,339	16,041	15,612	15,641	15,614	15,365	14,953	14,892	14,934	15,228	15,191	15,264	15,164	14,658	14,547	14,504	14,779	15,148	15,207	15,473	15,611	15,753	16,210	16,583	17,261	17,916	18,617	19,348	0	0	0
Professional services
8,083	7,752	7,756	7,222	6,872	6,477	6,123	6,060	6,213	5,940	5,518	5,831	5,063	5,054	4,867	5,400	5,852	5,757	4,560	4,703	4,822	5,460	6,927	6,163	5,904	5,709	6,206	6,460	6,775	7,170	7,928	10,086	13,412	15,031	15,851	16,258	14,111	13,308	0	0	0
Software licenses and maintenance
10,029	9,826	10,424	10,291	9,508	8,655	7,523	6,716	6,584	6,385	6,086	5,934	5,752	5,465	6,521	6,064	5,612	5,368	4,927	5,350	5,367	5,402	4,653	4,406	4,584	4,671	4,736	4,721	4,522	4,279	3,799	3,532	3,618	3,669	0	0	0	-	-	-	-
Marketing and promotion
6,051	5,890	5,813	5,430	5,340	5,302	4,993	4,914	4,956	4,839	4,693	4,837	4,839	5,027	5,008	5,106	5,115	5,015	5,064	5,116	5,256	5,195	5,134	4,890	4,689	4,681	4,631	4,702	4,876	4,869	4,916	5,011	4,902	4,977	0	0	0	-	-	-	-
Recapture of provision for unfunded loan commitments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	500	1,750	1,750	1,250	1,750	0	0	-	0	-	-	-	-	-	-	918	0	0	0	-	0	-	-
Amortization of intangible assets
10,386	10,798	11,197	10,285	7,780	5,254	2,738	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	906	567	811	1,127	1,444	1,766	1,781	2,159	2,569	2,982	3,396	3,481	3,538	3,610	3,683	3,732	0	0	0
Debt termination expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,870	13,870	13,870	13,870	0	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-
OREO expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	712	631	551	856	1,072	1,456	1,746	2,146	3,165	5,007	6,354	6,729	0	0	0	-	-	-	-
Insurance reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Acquisition related expenses
3,298	6,447	14,467	20,868	18,750	16,404	8,017	1,622	2,378	2,251	2,516	2,619	1,724	1,897	1,957	1,679	1,324	475	715	1,505	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
16,178	17,263	18,724	19,201	17,907	16,627	14,915	14,886	16,123	16,588	15,677	15,642	15,782	16,312	17,469	17,566	17,174	17,164	18,825	18,798	18,440	17,541	15,087	14,507	13,824	15,120	15,966	15,817	16,306	15,110	14,869	15,215	16,326	18,170	6,867	11,711	22,067	25,417	0	0	0
Total noninterest expense
195,777	198,740	210,498	211,843	195,569	179,911	154,137	139,963	142,582	140,753	140,628	138,928	136,493	136,740	133,720	133,456	130,551	140,659	140,014	139,753	139,544	126,229	124,230	117,463	114,387	114,028	113,739	138,045	138,746	138,160	209,604	126,726	134,932	141,025	82,407	164,583	168,875	168,492	0	0	0
Earnings before income taxes
271,644	291,074	280,430	262,964	235,359	211,115	201,472	196,491	192,748	188,795	181,816	174,583	169,989	162,286	160,125	162,875	163,653	151,366	149,969	143,647	142,562	162,797	161,565	160,765	158,522	144,275	138,138	113,522	111,583	114,693	113,519	135,805	130,736	120,804	101,416	91,496	87,447	86,739	0	0	0
Income taxes
77,479	83,247	80,725	75,124	66,627	59,112	74,777	78,671	81,928	84,384	68,180	65,182	63,447	60,857	57,159	57,471	56,950	52,221	53,856	51,125	51,369	58,776	57,837	57,093	55,868	48,667	45,682	36,048	34,956	37,413	36,663	45,823	43,335	39,071	31,521	26,057	24,031	23,804	0	0	0
Net earnings
194,165	207,827	199,705	187,840	168,732	152,003	126,695	117,820	110,820	104,411	113,636	109,401	106,542	101,429	102,966	105,404	106,703	99,145	96,113	92,522	91,193	104,021	103,728	103,672	102,654	95,608	92,456	77,474	76,627	77,280	76,856	89,982	87,401	81,733	69,895	65,439	63,416	62,935	0	0	0
Other comprehensive income:
Unrealized gain on securities arising during the period, before tax
62,263	43,872	63,765	47,955	21,871	-28,526	-67,071	-55,463	-47,223	-14,629	-45,733	-50,663	-44,812	-17,966	7,528	29,911	-10,550	-17,550	28,365	-600	65,150	69,661	23,839	34,551	-52,085	-88,562	-74,119	-66,123	-8,549	3,074	41,230	32,530	57,126	61,490	0	0	0	-	-	-	-
Preferred stock dividends and amortization of preferred stock discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Earnings allocated to restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net earnings allocated to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Less: Reclassification adjustment for net gain on securities included in net income
-	-	22,606	22,611	-	0	-11,462	-11,060	0	-	0	0	-	-	0	0	-	-	0	-	-	0	0	0	0	2,094	0	0	0	-	-	-	-	656	0	0	0	-	-	-	-
Other comprehensive income (loss), before tax
-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	0	-	-	69,661	23,839	34,551	-52,085	-90,656	-76,213	-68,217	-10,643	3,074	36,322	56,340	0	-	0	0	-	-	-	-	-
Less: Income tax benefit related to items of other comprehensive income
0	-	0	-	0	-	0	-	-	-6,312	-19,376	-21,677	-19,051	-7,776	2,930	12,570	-4,423	-7,362	11,922	-252	27,363	29,256	10,013	14,511	-21,876	-38,075	-32,010	-28,650	-4,469	1,292	30,533	16,809	27,255	25,550	0	0	0	-	-	-	-
Other comprehensive income, net of tax
43,851	30,898	44,911	33,778	15,406	-20,092	-45,015	-36,990	-31,624	-8,719	-26,759	-29,936	-26,309	-10,738	4,050	17,363	-6,105	-10,166	16,465	-348	37,787	40,405	13,826	20,040	-30,209	-52,581	-44,203	-39,567	-6,174	1,782	7,493	16,682	30,951	35,284	0	0	0	-	-	-	-
Other comprehensive income, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Comprehensive income
238,016	238,725	244,616	221,618	184,138	131,911	81,680	80,830	79,196	95,692	86,877	79,465	80,233	90,691	107,016	122,767	100,598	88,979	112,578	92,174	128,980	144,426	117,554	123,712	72,445	43,027	48,253	37,907	70,453	79,062	86,085	108,400	120,088	117,017	80,698	47,684	39,032	42,730	0	0	0
Basic earnings per common share
0.27	0.36	0.36	0.39	0.37	0.31	0.30	0.32	0.32	0.16	0.27	0.26	0.26	0.26	0.23	0.23	0.22	0.27	0.26	0.25	0.15	0.24	0.23	0.24	0.27	0.24	0.23	0.23	0.21	0.21	0.09	0.23	0.21	0.20	0.21	0.20	0.16	0.09	0.17	0.18	0.15
Diluted earnings per common share
0.27	0.36	0.36	0.39	0.37	0.30	0.30	0.32	0.32	0.16	0.27	0.26	0.26	0.26	0.23	0.23	0.22	0.27	0.26	0.25	0.15	0.24	0.23	0.24	0.27	0.24	0.23	0.23	0.21	0.21	0.09	0.23	0.21	0.20	0.21	0.20	0.16	0.09	0.17	0.18	0.15
Cash dividends declared per common share
-	-	-	-	-	-	-	-	-	-	-	0.14	0.12	-	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Service Charges on Deposit Accounts [Member]
Revenue from contract with customer, including assessed tax
19,645	20,010	19,678	19,140	18,166	17,070	0	16,236	16,127	15,809	15,474	15,206	15,046	15,066	15,110	15,223	15,353	15,567	15,823	15,958	15,911	15,778	15,739	15,685	15,925	15,923	15,856	15,885	15,808	16,106	16,227	16,208	16,169	15,768	15,833	16,037	16,204	16,745	0	0	0
Trust and Investment Services [Member]
Revenue from contract with customer, including assessed tax
9,763	9,525	9,000	8,852	8,799	8,774	0	9,492	9,706	9,845	9,988	9,793	9,688	9,595	9,074	9,021	8,694	8,642	8,622	8,392	8,344	8,118	8,076	8,052	7,991	8,071	8,003	8,019	7,989	8,169	8,480	8,499	8,716	8,683	8,575	8,447	8,397	8,363	0	0	0
Bankcard Services [Member]
Revenue from contract with customer, including assessed tax
2,790	3,163	3,462	3,700	3,631	3,485	0	3,532	3,445	3,406	3,318	3,218	3,131	2,921	2,880	2,858	2,916	3,094	3,197	3,260	3,341	3,386	3,353	3,405	3,420	3,481	3,459	3,501	3,570	3,650	3,737	3,546	3,355	3,144	2,960	2,949	2,844	2,776	0	0	0