Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 284

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 284
---
347

    $
    487,990

    $
    505,513

    Net interest spread - tax equivalent

    1.60
    %

    2.26
    %

    3.20
    %

    Net interest margin

    3.08
    %

    3.29
    %

    3.29
    %

    Net interest margin - tax equivalent

    3.09
    %

    3.31
    %

    3.30
    %

43

(1)Includes tax equivalent (TE) adjustments utilizing a federal statutory rate of 21% in effect for the years ended December 31, 2024, 2023 and 2022. The non-TE rates for total investment securities was 2.61%, 2.48% and 2.00% for the years ended December 31, 2024, 2023 and 2022, respectively. 

(2)Includes loan fees of $2.9 million, $3.1 million and $8.1 million for the years ended December 31, 2024, 2023 and 2022, respectively. Prepayment penalty fees of $2.6 million, $2.5 million and $6.9 million are included in interest income for the years ended December 31, 2024, 2023 and 2022, respectively. 

(3)Includes interest-bearing demand and money market accounts. 

The following table presents a comparison of interest income and interest expense resulting from changes in the volumes and rates on average interest-earning assets and average interest-bearing liabilities for the periods indicated. Changes in interest income or expense attributable to volume changes are calculated by multiplying the change in volume by the initial average interest rate. The change in interest income or expense attributable to changes in interest rates is calculated by multiplying the change in interest rate by the initial volume. The changes attributable to interest rate and volume changes are calculated by multiplying the change in rate times the change in volume and reflect an adjustment for the number of days as appropriate. 

Rate and Volume Analysis for Changes in Interest Income, Interest Expense and Net Interest Income 

    Comparison of Year Ended December 31,

    2024 Compared to 2023Increase (Decrease) Due to

    2023 Compared to 2022Increase (Decrease) Due to

    Volume

    Rate

    Rate/Volume

    Total

    Volume