CVB Financial Corp. Reports $50.6 Million Net Income in Q2 2025

CVB Financial Corp. reported its financial results for the second quarter of 2025, revealing a net income of $50.6 million, a slight increase from $50.0 million in the same quarter of the previous year. The diluted earnings per share remained stable at $0.37, consistent with the prior quarter and up from $0.36 a year earlier. The company's net interest income for the quarter was $111.6 million, reflecting a marginal increase of 1.05% from the first quarter of 2025 and a 0.68% rise compared to the second quarter of 2024. The net interest margin for the quarter was reported at 3.31%, while the efficiency ratio improved to 45.55%.

In terms of asset management, total assets increased to $15.41 billion as of June 30, 2025, up from $15.15 billion at the end of 2024. This growth was primarily driven by a $492.8 million rise in interest-earning balances due from the Federal Reserve, although total loans decreased by $177.9 million to $8.36 billion. The decline in loans was attributed to a significant drop in dairy and livestock loans, which fell by $186.1 million, while commercial real estate loans saw a modest increase of $10 million. The allowance for credit losses decreased to $78.0 million, down from $80.1 million at the end of 2024, reflecting improved credit quality in certain loan segments.

CVB Financial also noted strategic developments, including a settlement agreement that will yield $6 million in noninterest income in the third quarter of 2025. The company has been actively managing its capital, with total equity rising to $2.24 billion, bolstered by net earnings and an increase in other comprehensive income. The company repurchased 2,063,564 shares of common stock during the first half of 2025, totaling $37.5 million, as part of its ongoing stock repurchase program.

Operationally, the bank's customer base remains strong, with noninterest-bearing deposits increasing to $7.25 billion, representing 60.47% of total deposits. The bank operates 62 banking centers across California, focusing on small to mid-sized businesses and individuals. The company continues to monitor economic conditions closely, particularly in light of potential impacts from inflation and interest rate fluctuations, which could affect future credit loss provisions and overall financial performance.

Looking ahead, CVB Financial Corp. anticipates continued challenges in the economic landscape, including a projected decline in GDP growth and rising unemployment rates. The company remains committed to maintaining its capital ratios well above regulatory requirements, ensuring it is well-positioned to navigate potential market fluctuations and support its growth strategy.