News & Media

CVB Financial Corp. Statement of Condition Q1 2026

CVB Financial Corp. (CVBF) reported net income of $51.0 million for the quarter ended March 31, 2026, compared with $55.0 million for the fourth quarter of 2025 and $51.1 million for the first quarter of 2025. Our performance in the first quarter demonstrates our continued financial strength and focus on our vision of serving the comprehensive financial needs of small to medium sized businesses and their owners. Our consistent financial performance is highlighted by our 196 consecutive quarters, or 49 years, of profitability, and our 146 consecutive quarters of paying cash dividends.

On April 17, 2026, we completed our acquisition of Heritage Commerce Corp, including its banking subsidiary, Heritage Bank of Commerce. The merger with Heritage Bank of Commerce marks the most strategic and largest acquisition by asset size in our history,
bringing together two premier, relationship-focused business banks. This acquisition should accelerate our growth opportunities by incorporating Heritage’s complementary banking footprint, including 16 Business Financial Centers in the Bay Area. This also extends our premier business banking franchise to cover all of California’s major metropolitan areas with 79 locations throughout the state.

Clay Jones, President and Chief Executive Officer of Heritage, joined our Bank as President of the combined organization in connection with the mergers. I will continue to serve as Chief Executive Officer. Two Heritage directors, Clay Jones and Julianne Biagini-Komas, joined our Boards of Directors. Their addition increases the number of CVB Financial Corp. and Citizens Business Bank directors from nine to eleven.

For 2026, our Bank was again ranked on S&P Global Market Intelligence’s Top 50 Public Banks and Forbes’ Best Banks in America lists. We continued to earn our designation as a “Super Premier” Performing Bank by the Findley Reports and our Five-Star Superior Rating
from BauerFinancial. In March, S&P Global Market Intelligence also ranked CVB Financial Corp. as one of the top three large U.S. banks by deposit franchise. CVB Financial Corp. retained the second position overall in the rankings and ranked first for average noninterest-bearing deposits to total deposits out of the 140 banks that were analyzed.

CitizensTrust, our wealth management division that provides trust, investment, and brokerage-related services, as well as financial, estate, and business succession planning, had approximately $5.06 billion in assets under management and administration, including
$3.70 billion in assets under management, at quarter end¹.

Shares of CVB Financial Corp. common stock are listed on Nasdaq under the ticker symbol “CVBF”. If you are new to CVB Financial Corp. and would like more information about Citizens Business Bank, our principal financial services subsidiary, please visit us on our
website at cbbank.com. Additional information about CVB Financial Corp. is available on our Citizens Business Bank website under the “Investors” tab.

On behalf of our Board of Directors and our hard-working associates, we want to thank our customers and shareholders for their continued loyalty and support.

View Full Q1 2026 Statement of Condition