CVB FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
CVBF$22.79-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets — December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Cash and due from banks | $171,396 | $158,236 |
| Interest-earning balances due from Federal Reserve | 109,889 | 45,225 |
| Total cash and cash equivalents | 281,285 | 203,461 |
| Interest-earning balances due from depository institutions | 8,216 | 9,553 |
| Investment securities available-for-sale, at fair value (with amortized cost of $3,398,942 at December 31, 2023, and $3,755,297 at December 31, 2022) | 2,956,125 | 3,255,211 |
| Investment securities held-to-maturity (with fair value of $2,082,881 at December 31, 2023, and $2,155,587 at December 31, 2022 | 2,464,610 | 2,554,301 |
| Total investment securities | 5,420,735 | 5,809,512 |
| Investment in stock of Federal Home Loan Bank (FHLB) | 18,012 | 27,627 |
| Loans and lease finance receivables | 8,904,910 | 9,079,392 |
| Allowance for credit losses | (86,842) | (85,117) |
| Net loans and lease finance receivables | 8,818,068 | 8,994,275 |
| Premises and equipment, net | 44,709 | 46,698 |
| Bank owned life insurance (BOLI) | 308,706 | 255,528 |
| Accrued interest receivable | 48,994 | 46,692 |
| Intangibles | 15,291 | 21,742 |
| Goodwill | 765,822 | 765,822 |
| Income taxes | 163,968 | 186,684 |
| Other assets | 127,187 | 108,946 |
| Total assets | $16,020,993 | $16,476,540 |
| Liabilities and Stockholders' Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing | $7,206,175 | $8,164,364 |
| Interest-bearing | 4,227,467 | 4,671,881 |
| Total deposits | 11,433,642 | 12,836,245 |
| Customer repurchase agreements | 271,642 | 565,431 |
| Other borrowings | 2,070,000 | 995,000 |
| Deferred compensation | 22,335 | 22,092 |
| Accrued interest payable | 23,268 | 433 |
| Other liabilities | 122,134 | 108,822 |
| Total liabilities | 13,943,021 | 14,528,023 |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Common stock, authorized, 225,000,000 shares without par; issued and outstanding 139,344,981 at December 31, 2023 and 139,818,703 at December 31, 2022 | 1,288,899 | 1,300,466 |
| Retained earnings | 1,112,642 | 1,002,847 |
| Accumulated other comprehensive (loss) income, net of tax | (323,569) | (354,796) |
| Total stockholders' equity | 2,077,972 | 1,948,517 |
| Total liabilities and stockholders' equity | $16,020,993 | $16,476,540 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.