Nucor earnings beat by $0.08, revenue fell short of estimates
ONTARIO - CVB Financial Corp. (NASDAQ: CVBF), the parent company of Citizens Business Bank, declared a first-quarter cash dividend of twenty cents ($0.20) per share on Wednesday. The dividend, which marks the company’s 142nd consecutive quarterly payment to shareholders, was approved during the Board of Directors meeting held on the same day. According to InvestingPro data, the company has maintained dividend payments for 36 consecutive years, with a current dividend yield of 4.28%.
Shareholders of record as of April 2, 2025, will be eligible to receive the dividend, which is scheduled to be paid on or about April 16, 2025. David A. Brager, President and Chief Executive Officer of CVB Financial, expressed satisfaction in continuing the tradition of providing consistent returns to the company’s investors.
CVB Financial Corp. stands as one of the ten largest bank holding companies based in California, boasting assets exceeding $15 billion. With a market capitalization of $2.63 billion and a P/E ratio of 13.2, Citizens Business Bank, known for its performance and service, operates over 60 banking centers and three trust office locations across California, providing a spectrum of banking, lending, and investing services. InvestingPro analysis indicates the company maintains a FAIR financial health score, with additional insights available in the comprehensive Pro Research Report.
The company’s common stock is traded on the NASDAQ under the ticker symbol CVBF at $18.78 per share. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels. Investors seeking further details can access the comprehensive Pro Research Report, which provides detailed analysis of the company’s valuation, financial health, and growth prospects.
This announcement includes forward-looking statements, which are based on current business plans and expectations, growth projections, and financial forecasts. These statements are inherently subject to risks and uncertainties that could cause actual outcomes to differ materially from projections. CVB Financial Corp. regularly reviews and reports on these risks in its public filings, including its Annual Report on Form 10-K for the year ended December 31, 2024. The company notes that it is not obligated to update forward-looking statements except as required by law.
The information presented in this article is based on a press release statement from CVB Financial Corp.
In other recent news, CVB Financial Corporation reported its fourth-quarter 2024 financial results, revealing an earnings per share (EPS) of $0.36, which exceeded analyst expectations by $0.02. However, the company’s revenue fell short of projections, coming in at $123.52 million against the anticipated $127.51 million. Despite the revenue miss, CVB Financial maintains a strong capital position with a common equity Tier 1 capital ratio of 16.2%. Analyst Andy Terrell from Stephens revised the price target for CVB Financial to $23 from $25, maintaining an Equal Weight rating. Terrell’s adjustment follows a forecasted decrease in net interest income and a slight increase in operating expenses, which led to a 6% reduction in the 2026 operational EPS forecast. The analyst also noted CVB Financial’s potential interest in mergers and acquisitions, supported by its robust capital foundation. The company remains optimistic about loan growth in 2025, despite challenges in the commercial real estate sector. CVB Financial’s management emphasized disciplined capital management and a focus on technology investments to support future growth.
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