CVB Financial Corp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 25, 2023 at 04:51 pm EST
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CVB Financial Corp. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 137.4 million compared to USD 102.4 million a year ago. Net income was USD 66.17 million compared to USD 47.7 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.35 a year ago.
For the full year, net interest income was USD 505.51 million compared to USD 414.55 million a year ago. Net income was USD 235.43 million compared to USD 212.52 million a year ago. Basic earnings per share from continuing operations was USD 1.67 compared to USD 1.57 a year ago. Diluted earnings per share from continuing operations was USD 1.67 compared to USD 1.56 a year ago.
CVB Financial Corp. is a bank holding company for Citizens Business Bank (the Bank). The Bank offers personalized service combined with a range of banking and trust services for businesses, professionals and individuals located in the service areas of its centers. It offers a range of bank deposit instruments, including checking, savings, money market and time certificates of deposit for both business and personal accounts, municipalities and districts, and specialized deposit products for title and escrow. It provides lending products, including commercial, agribusiness, consumer, small business administration loans, real estate loans, construction loans and equipment and vehicle leasing. It offers a range of financial services and trust services through its CitizensTrust division, including fiduciary services, mutual funds, annuities, 401(k) plans and individual investment accounts. It also offers a range of specialized services designed for the needs of its commercial customers.
CVB FINANCIAL CORP. 
