CVB Financial Corp. (NASDAQ:CVBF)
About CVB Financial Corp. (NASDAQ:CVBF) CVB Financial Corp. (CVB) is a bank holding company of Citizens BusinessBank (the Bank). The Bank is its principal asset. The Company has three other inactive subsidiaries: CVB Ventures, Inc., Chino Valley Bancorp and ONBBancorp. The Company is also the common stockholder of CVB Statutory Trust I, CVB Statutory Trust II, CVB Statutory Trust III and FCBTrust II. On October 16, 2009, CVB acquired all of the assets and the liabilities of San Joaquin Bank (SJB). As of December 31, 2009, the Company had 46 Business Financial Centers located in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California. Of the 46 offices, it opened 13 as de novo branches and acquired the other 33 in acquisition transactions. The Company has two segments: Business Financial and Commercial Banking Centers, and Treasury Department. The Companyâ€™s subsidiary bank has 51 BusinessFinancial Centers and Commercial Banking Centers organized in six geographic regions.
52 week range
$6.61 - $11.85
Financials CVB Financial Corp. (NASDAQ:CVBF) engendered net income of $17.93 million in current quarter which, is noticeably less than previous quarter’s net income of $35.13 million. Moreover, EPS has gone down significantly and produced poor results as compare to last quarter’s ending. The company’s cash flow from operation stood at $69.05 million as contrasted to last quarter’s cash flow from operation which was placed at $64.55 million. CFOis kept increasing which is a good sign and it shows if this trend continuous than company would not face any liquidity problems in future. The company’s total assets accumulate up to $6.48 billion as per its latest financials as on September 30, 2010. Current assets claim to have the highest contribution in the total assets. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $5.81 billion and $664.76 million respectively.
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Published on Jan 19, 2011
Published on Jan 19, 2011
CVB Financial Corp. (NASDAQ:CVBF) About CVB Financial Corp. (NASDAQ:CVBF) Current Price $8.91 Market Capitalization: $927.84M The company’s...