Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 216

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 216
---
,817
    )

    (21,216
    )

    (46,330
    )

    Repurchase of common stock, ASR Plan

    —

    —

    (70,000
    )

    Proceeds from exercise of stock options

    565

    210

    1,923

    Net cash (used in) provided by financing activities

    (1,179,098
    )

    (754,084
    )

    (625,852
    )

    Net (decrease) increase in cash and cash equivalents

    (76,587
    )

    77,824

    (1,529,087
    )

    Cash and cash equivalents, beginning of period

    281,285

    203,461

    1,732,548

    Cash and cash equivalents, end of period
     
    $
    204,698

    $
    281,285

    $
    203,461

See accompanying notes to the consolidated financial statements. 

92

CVB FINANCIAL CORP. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) 

(Dollars in thousands)

    Year Ended December 31,

    2024

    2023

    2022

    Reconciliation of Net Earnings to Net Cash Provided by Operating   Activities

    Net earnings
     
    $
    200,716

    $
    221,435

    $
    235,425

    Adjustments to reconcile net earnings to net cash provided by operating activities:

    Gain on sale of building, net

    —

    —

    (2,717
    )

    Write-down of BOLI

    —

    (4,465
    )

    —

    Increase in BOLI

    (12,420
    )

    (8,286
    )

    (5,356
    )

    Net amortization of premiums and discounts on investment securities

    16,832

    18,049

    26,565

    Loss on sale available-for-sale securities

    28,317

    —

    —

    Accretion of discount for acquired loans, net

    (3,260
    )

    (3,886
    )

    (7,904
    )

    (Recapture of) provision for credit losses

    (3