Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 138

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 138
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 2024, 2023 and 2022. Our net interest income, interest spread, and net interest margin are sensitive to general business and economic conditions. These conditions include short-term and long-term interest rates, inflation, monetary policy, and the strength of the global, national and state economies, in general, and more specifically, the local economies in which we conduct business. Our ability to manage net interest income during changing interest rate environments will have a significant impact on our overall performance. We manage net interest income through affecting changes in the mix of interest-earning assets as well as the mix of interest-bearing liabilities, changes in the level of interest-bearing liabilities in proportion to interest-earning assets, the growth and maturity of earning assets, and derivative financial instruments. See Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations — Asset/Liability and Market Risk Management — Interest Rate Sensitivity Management included herein. 

42

The tables below present the interest rate spread, net interest margin and the composition of average interest-earning assets and average interest-bearing liabilities by category for the periods indicated, including the changes in average balance, composition, and average yield/rate between these respective periods. 

Interest-Earning Assets and Interest-Bearing Liabilities 

    Year Ended December 31,

    2024

    2023

    2022

    AverageBalance

    Interest

    Yield/Rate

    AverageBalance

    Interest

    Yield/Rate

    AverageBalance

    Interest

    Yield/Rate

    (Dollars in thousands)

    INTEREST-EARNING ASSETS

    Investment securities (1)

    Available-for-sale securities:

    Taxable
     
    $
    2,691,963

    $
    80,226

    2.99
    %
     
    $
    3,040,968

    $
    82,889

    2.73
    %
     
    $
    3,505,517

    $
    67,803

    1.96
    %

    Tax-advantaged

    24,618

    664

    3.23
    %

    25,319

    674

    3.19
    %

    27,070

    705

    3.12
    %

    Held-to-maturity securities:

    Taxable

    2,055,597

    43,