Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 61

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 61
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,073

        Total noninterest income
         
        $
        54,474

        $
        59,330

        $
        49,989

       Contract Acquisition Costs 

In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). The Company utilizes the practical expedient, which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. 

 23.	CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY 

The following tables provide the parent company only condensed balance sheets, condensed statements of earnings and condensed statements of cash flows for the periods presented. CVB FINANCIAL CORP. CONDENSED BALANCE SHEETS  

        December 31,

        2024

        2023

        (Dollars in thousands)

        Assets

        Investment in subsidiaries
         
        $
        2,162,877

        $
        2,061,860

        Other assets, net

        66,812

        60,177

        Total assets
         
        $
        2,229,689

        $
        2,122,037

        Liabilities
         
        $
        31,414

        $
        31,376

        Stockholders’ equity

        2,198,275

        2,090,661

        Total liabilities and stockholders’ equity
         
        $
        2,229,689

        $
        2,122,037

142

CVB FINANCIAL CORP. CONDENSED STATEMENTS OF EARNINGS  

        Year Ended December 31,

        2024

        2023

        2022

        (Dollars in thousands)

        Equity in undistributed earnings of subsidiaries
         
        $
        89,511

        $
        99,932

        $
        45,512

        Dividends from the Bank

        117,000

        127,000

        195,000