Company: CVBF
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0000950170-25-051966
Chunk: 7

Company: CVB FINANCIAL CORP
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 7
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 Superior rating from BauerFinancial, as well as a continued BBB+ rating from Fitch Ratings.

CVB Financial Corp.’s financial and operational success can also be measured on a relative basis by comparing the Company’s performance to that of a group of peer companies. The Company’s peer group was reviewed in November 2024 in connection with the engagement of Pearl Meyer to assist with the Compensation Committee’s benchmarking of our executive officer compensation. This group of peer companies is described below in the section of this proxy statement on “Peer Group Criteria and Composition for 2024.” As measured by six key metrics which we believe are commonly utilized in evaluating banking entities, (ROE, ROA, net interest margin, nonperforming assets excluding restructured loans divided by total assets, efficiency ratio, and noninterest expense divided by average assets), CVB Financial Corp.’s performance for 2024 placed it in the top quartile of our peer group on four of the six measures, all except ROE and net interest margin, and at the median for ROE. For the three-year period from 2022-2024, CVB Financial Corp. attained top (fourth) quartile performance on four of the six measures and third quartile performance on ROE.

<div align='center'>CVB Financial Corp.Percentile Rank vs. Peers on Key Performance Indicators</div>

Source: Standard & Poor’s SNL Financial

CVB Financial Corp. achieved annualized shareholder returns for the one-year, three-year and five-year periods ending December 31, 2024 of 12%, 4%, and 4%, respectively, which places CVB Financial Corp. in the mid to third quartiles for all three measurement periods relative to its peers.

Our Social Measures

The Company is proud of its numerous initiatives and efforts to improve its performance in the areas of (1) Labor, Health and Safety, (2) Product Safety, Quality and Brand, (3) Stakeholders and Society, and (4) Human Rights. We have summarized many of these initiatives and efforts below, and additional information is set forth in our separate Corporate Responsibility Report for 2024, which is posted at www.cbbank.com. Our Board of Directors and senior management are actively engaged with the initiatives described below.

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Labor, Health and Safety

Management and Labor Relations

We employed 1,089 associates as of December 31, 2024 which was a 1.6% decrease from 1,107 associates at