CVBF

EX-99.1

2 cvbf-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Press Release

Contact: David A. Brager

For Immediate Release

Chief Executive Officer

(909) 980-4030

CVB Financial Corp. Reports Earnings for the Third Quarter 2026

Third Quarter 2026

• Net earnings of $78.1 million, or $0.44 per share

• Net interest margin expanded to 3.89%

• Return on average assets (“ROAA”) of 1.48%

• Return on average tangible common equity (“ROATCE”)1 of 16.22%

Ontario, CA, October 21, 2026 - CVB Financial Corp. (NASDAQ: CVBF) (“CVBF” or the “Company”) and its subsidiary, Citizens Business Bank, National Association (“Citizens” or the “Bank”), announced earnings for the quarter ended September 30, 2026.

CVB Financial Corp. reported net income of $78.1 million for the quarter ended September 30, 2026, compared with $48.3 million for the second quarter of 2026 and $52.6 million for the third quarter of 2025. Diluted earnings per share were $0.44 for the third quarter, compared to $0.29 for the prior quarter and $0.38 for the same period last year.

For the third quarter of 2026, annualized return on average equity (“ROAE”) was 9.70%, annualized ROATCE1 was 16.22%, and annualized ROAA was 1.48%.

David Brager, Chief Executive Officer of the Company, commented, “Our third-quarter results reflect solid financial performance, increased profitability, net interest margin expansion and disciplined expense management following the Heritage Bank of Commerce acquisition. The third quarter represented our 198th consecutive quarter of profitability. We remain focused on the integration, serving our customers and supporting our communities and associates as we extend our relationship-focused banking model across California’s major economic centers. We are grateful for the continued trust of our customers and the dedication of our associates.”

1 Non-U.S. generally accepted accounting principles (“GAAP”) financial measures. See GAAP to non–GAAP reconciliations of the measures are set forth at the last section of this press release.

1

Highlights for the Third Quarter of 2026

• Earnings per share growth of 15.8% from Q3 of 2025

• Net interest income increased $16.7 million, or 10.3% from Q2 of 2026

• Net interest margin increased 17 basis points to 3.89% from Q2 of 2026

• Adjusted ROAA of 1.59%2, excluding acquisition expense

• Adjusted ROATCE of 17.38%2, excluding acquisition expense

• Adjusted efficiency ratio2 of 42.10%, excluding acquisition expense

• Acquisition related expenses declined to $8.1 million, compared with $31.4 million for Q2 of 2026

• Loans increased $105.0 million, or 0.87% from the end of Q2 of 2026

• Average loans increased by $476.7 million, 4.13% from Q2 2026

• Recapture of credit losses of $1.0 million, compared with provision for credit losses of $1 million in Q3 of 2025

• Average total deposit and customer repurchase agreements increased by $577.9 million, or 3.59% from Q2 of 2026

• Noninterest-bearing deposits represented 53.5% of total deposits at quarter end

• Repurchased $17.5 million of common stock during Q3 of 2026, bringing year-to-date repurchases to $22.6 million, or 1.0 million shares

INCOME STATEMENT HIGHLIGHTS

Three Months Ended

Nine Months Ended

(Dollars in thousands, except per share amounts)

September 30, 2026

June 30, 2026

September 30, 2025

September 30, 2026

September 30, 2025

Net interest income

$

179,066

$

162,415

$

115,577

$

459,321

$

337,629

(Recapture of) provision for credit losses

(1,000

)

—

1,000

2,000

(1,000

)

Noninterest income

16,494

17,010

13,006

47,783

43,978

Noninterest expense

90,480

114,378

58,576

265,426

175,276

Income tax expense

27,982

16,786

16,421

62,317

53,077

Net earnings

$

78,098

$

48,261

$

52,586

$

177,361

$

152,254

Earnings per common share:

Basic

$

0.44

$

0.29

$

0.38

$

1.11

$

1.12

Diluted

$

0.44

$

0.29

$

0.38

$

1.11

$

1.11

NIM - tax equivalent (“TE”) [1]

3.89

%

3.72

%

3.33

%

3.70

%

3.32

%

ROAA

1.48

%

0.97

%

1.35

%

1.26

%

1.35

%

ROAE

9.70

%

6.41

%

9.19

%

8.31

%

9.18

%

ROATCE

16.22

%

10.85

%

14.11

%

13.55

%

14.23

%

Efficiency ratio

46.27

%

63.75

%

45.56

%

52.34

%

45.93

%

[1] Includes tax equivalent (TE) adjustments utilizing a federal statutory rate of 21%.

Net Interest Income

Net interest income was $179.1 million for the third quarter of 2026, an increase of $16.7 million, or 10.25%, from the second quarter of 2026, and an increase of $63.5 million, or 54.93%, from the third quarter of 2025. The increases in net interest income compared to both periods largely reflect the full quarter impact of the Heritage acquisition, which closed on April 17, 2026. Interest income increased by $18.5 million, or 9.16%, from the second quarter of 2026, while interest expense increased by $1.9 million, or 4.71%, to $41.6 million in the third quarter of 2026. The quarter-over-quarter increase in net interest income was primarily d

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.ce06d217.1785417653.3617ca48

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784333167.cc813843

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.