CVB Financial (CVBF) Q2 2025 Earnings Transcript

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Wed, April 22, 2026 astatine 11:59 AM CDT 35 min read

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Thursday, July 24, 2025 astatine 10:30 a.m. ET

• President & Chief Executive Officer — David A. Brager

• Executive Vice President & Chief Financial Officer — E. Allen Nicholson

David A. Brager: Thank you, Allen. Good morning, everyone. For the 2nd 4th of 2025, we reported nett net of $50.6 cardinal oregon $0.36 per share, representing our 193rd consecutive 4th of profitability, which equates to much than 48 years of consecutive quarters of profitability. We antecedently declared a $0.20 per stock dividend for the 2nd 4th of 2025, representing our 143rd consecutive 4th of paying a currency dividend to our shareholders. We produced a instrumentality connected mean tangible communal equity of 14.08% and a instrumentality connected mean assets of 1.34% for the 2nd 4th of 2025.

Our nett net of $50.6 cardinal oregon $0.36 per stock compared with $51.1 cardinal for the archetypal 4th of 2025 oregon $0.36 per stock and $50 cardinal oregon $0.36 per stock for the anterior twelvemonth quarter. The $540,000 diminution successful nett income successful the archetypal 4th -- excuse me, successful the 2nd 4th compared to the anterior 4th was a effect of the archetypal quarter, including some a $2.2 cardinal summation from the merchantability of OREO properties and a recapture of allowance of recognition losses of $2 million.

Pretax pre-provision income successful the 2nd 4th of 2025 was $68.8 million, which was $1.3 cardinal higher than the archetypal 4th of 2025 and remained level compared to the 2nd 4th of 2024. Net involvement income for the 2nd 4th of 2025 was $1.2 cardinal higher than the anterior 4th and $760,000 higher than the 2nd 4th of 2024. Our earning assets remained unchangeable betwixt the archetypal and 2nd quarters of 2025, and our nett involvement borderline remained astatine 3.31%. The summation successful nett involvement income was chiefly owed to an further time of involvement income successful the 2nd 4th compared to the archetypal 4th of the year.

As a effect of our deleveraging strategy executed during the 2nd fractional of 2024, our nett involvement borderline accrued by 26 ground points from 3.05% successful the 2nd 4th of 2024, portion earning assets declined by $1.1 cardinal from the anterior twelvemonth quarter. Noninterest income was $14.7 cardinal successful the 2nd quarter, which was $1.5 cardinal little than the archetypal quarter. We realized a $2.2 cardinal nett summation from the merchantability of $19.3 cardinal of OREO successful the archetypal 4th of this year. Excluding this gain, 2nd 4th noninterest income accrued by $700,000 from the anterior quarter, driven by higher spot and planetary interest income.