Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 50

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 50
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 capital ratio equal to or greater than 10.0%. In addition to meeting the minimum capital requirements, under the Basel III Capital Rules, the Company and the Bank must also maintain the required Capital Conservation Buffer to avoid becoming subject to restrictions on capital distributions and certain discretionary bonus payments to management. The Capital Conservation Buffer is calculated as a ratio of CET1 capital to risk-weighted assets, and it effectively increases the required minimum risk-based capital ratios. The Capital Conservation Buffer is now at its fully phased-in level of 2.5% and including the capital conservation buffer results in a minimum required CET1 capital ratio of 7.0%, a Tier 1 risk-based capital ratio of 8.5% and 10.5% for the total risk-based capital ratio.Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total capital, Tier 1 capital and CET1 capital to risk-weighted assets, and of Tier 1 capital to average assets. Management believes that, as of December 31, 2024 and 2023, the Company and the Bank meet all capital adequacy requirements to which they are subject. As of December 31, 2024 and 2023, the most recent notifications from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the minimum total risk-based, Tier 1 risk-based, CET1 risk-based, and Tier 1 leverage (tangible Tier 1 capital divided by average total assets) ratios as set forth in the table below must be maintained. There are no conditions or events since said notification that management believes have changed the Bank’s category.  

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The following table summarizes regulatory capital amounts and ratios for the Company and the Bank as of December 31, 2024 and 2023.   

        Actual

        Minimum Required PlusCapital Conservation Buffer

        To Be WellCapitalized underPrompt CorrectiveAction Provisions

        Amount

        Ratio

        Amount

        Ratio

        Amount

        Ratio

        (Dollars in thousands)

        As of December 31, 2024:

        Tier 1 Capital (to Average- Assets)

        Company
         
        $
        1,727,872

        11.46
        %
         
        $
        603,247

        >

        4.00
        %

        N