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CVB Financial CVBF Q1 2024 earnings

Reported April 24, 2024 · After market close

Revenue$126.6MBeat by $7.1M
EPS$0.35In line
Revenue estimate$119.4M
EPS estimate$0.35

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$192.7M
EPS estimate$0.44

Financials

Q1 2024

Income statement

See full
Revenue$126.6M-8.9%
Net income$48.6M-18.0%
EPS (diluted)$0.35-16.7%

Balance sheet

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Cash & equivalents$949.6M+317%
Total debt$23.0M-6.5%
Total equity$2.1B+4.9%
Total assets$16.5B+1.2%

Cash flow

See full
Operating cash flow$77.5M+10.5%
CapEx$166.0K-51.6%
Free cash flow$77.3M+10.8%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$2.49B+6.9%
Enterprise value$1.56B-26.6%
P/E11.8×+2.5×
P/S4.6×+0.6×

Profitability

See full
Net margin39.4%-4.3pp
FCF margin55.8%+9.5pp

Returns & leverage

See full
Return on equity10.3%-1.9pp
Debt / equity0.0×

Segments

By product

See full
Deposit Account$5.0M-5.8%
Fiduciary And Trust$3.2M+10.6%
Credit Card$385.0K+2.1%

Versus estimates

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Questions, answered.

When did CVB Financial report Q1 2024 earnings?
CVB Financial (CVBF) reported Q1 2024 earnings on April 24, 2024 after market close.
What were CVB Financial's Q1 2024 revenue and EPS?
CVB Financial reported revenue of $126.6M and eps of $0.35 for Q1 2024.
Did CVB Financial beat estimates in Q1 2024?
Revenue beat the consensus estimate of $119.4M by $7.1M. EPS beat the consensus estimate of $0.35 by $0.00.
Where can I find CVB Financial's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-056453) directly on SEC EDGAR. The filing index links above go to sec.gov.