CVB Financial Corp. Powers Through Q1 2026 with Strong Earnings and Loan Growth
CVB Financial Corp., the parent company of Citizens Business Bank, has reported a strong start to the year with its first quarter 2026 earnings call, highlighting solid growth across various financial metrics.
According to David Brager, Chief Executive Officer of CVB Financial Corp., the company recorded net earnings of $51 million or $0.38 per share for the first quarter of 2026, representing its 196th consecutive quarter of profitability. This impressive streak spans an incredible 49 years, a testament to the company's stability and success.
The first quarter also saw CVB Financial Corp. declare a dividend of $0.20 per share, marking its 146th consecutive quarter of paying a cash dividend to shareholders. The return on average tangible common equity stood at a healthy 13.4%, while the return on average assets was 1.33%.
Brager noted that the results reflect solid growth year-over-year across several key financial metrics, including pre-tax, pre-provision income growth, net interest margin expansion, loan growth, and increases in deposits and customer repurchase agreements.
Pre-tax, pre-provision income grew by $4 million or 6% over the first quarter of 2025, with the net interest margin expanding by 13 basis points to 3.44%. Average loans increased by $157 million or approximately 2% from the first quarter of 2025, and average total deposits and customer repurchase agreements rose by $288 million or 2.4%.
Total loans at March 31st, 2026 stood at $8.64 billion, a $280 million or 3.3% increase from the end of the first quarter of 2025. This growth was driven primarily by commercial real estate loan expansion, dairy and livestock and agribusiness loan increases, and construction loan growth.
Loan originations have started off the year at a strong pace, with origination for the first quarter of 2026 approximately 90% higher than the first quarter of 2025. The company's loan pipelines remain relatively strong, although rate competition for high-quality loans continues to be intense.
