Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 291

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 291
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 credit losses and the resulting provision or recapture of provision for credit losses. The process to estimate the allowance for credit losses requires considerable judgment and our economic forecasts may continue to vary due to the uncertainty of the future impact from changes in rates by the Federal Reserve, geopolitical events in Europe and the Middle East, and impacts of changes in global trade and inflation will have on future interest rates, unemployment, the overall economy and resulting impact on our customers.  See “Allowance for Credit Losses” under Analysis of Financial Condition herein. 

Noninterest Income 

Noninterest income includes income derived from financial services offered to our customers, such as CitizensTrust, merchant processing and card services, international banking, and other business services. Also included in noninterest income are service charges and fees, primarily from deposit accounts, BOLI income, gains/losses from the disposition of investment securities, loans, other real estate owned, and fixed assets, and other revenues not included as interest on earning assets. 

46

The following table sets forth the various components of noninterest income for the periods presented. 

    Variance

    Year Ended December 31,

    2024

    2023

    2024

    2023

    2022

    $

    %

    $

    %

    (Dollars in thousands)

    Noninterest income:

    Service charges on deposit accounts
     
    $
    20,370

    $
    20,219

    $
    21,382

    $
    151

    0.75
    %
     
    $
    (1,163
    )

    (5.44
    )%

    Trust and investment services

    13,729

    12,556

    11,518

    1,173

    9.34
    %

    1,038

    9.01
    %

    Bankcard services

    1,652

    1,627

    1,470

    25

    1.54
    %

    157

    10.68
    %

    BOLI income

    12,420

    12,751

    5,356

    (331
    )

    (2.60
    )%

    7,395

    138.07
    %

    Swap fee income

    211

    632

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