Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 281

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 281
---
435

    $
    235,425

    $
    (20,719
    )

    (9.36
    )%
     
    $
    (13,990
    )

    (5.94
    )%

    Earnings per common share:

    Basic
     
    $
    1.44

    $
    1.59

    $
    1.67

    $
    (0.15
    )

    $
    (0.08
    )

    Diluted
     
    $
    1.44

    $
    1.59

    $
    1.67

    $
    (0.15
    )

    $
    (0.08
    )

    Return on average assets

    1.24
    %

    1.35
    %

    1.39
    %

    (0.11
    )%

    (0.04
    )%

    Return on average shareholders’ equity

    9.35
    %

    11.03
    %

    11.39
    %

    (1.68
    )%

    (0.36
    )%

    Efficiency ratio

    46.55
    %

    42.00
    %

    38.98
    %

    4.55
    %

    3.02
    %

    Noninterest expense to average assets

    1.45
    %

    1.41
    %

    1.28
    %

    0.04
    %

    0.13
    %

41

Return on Average Tangible Common Equity Reconciliations (Non-GAAP) 

The return on average tangible common equity is a non-GAAP disclosure. The Company uses certain non-GAAP financial measures commonly used by banking analysts and investors to provide supplemental information regarding the Company’s performance. The following is a reconciliation of net income, adjusted for tax-effected amortization of intangibles, to net income computed in accordance with GAAP; a reconciliation of average tangible common equity to the Company’s average stockholders’ equity computed in accordance with GAAP; as well as a calculation of return on average tangible common equity. 

    Year Ended December 31,

    2024

    2023

    2022

    (Dollars in thousands)

    Net Income
     
    $