Intrinsic value of CVB Financial - CVBF

Previous Close

$24.42

  Intrinsic Value

$2.28

stock screener

  Rating & Target

str. sell

-91%

Previous close

$24.42

 
Intrinsic value

$2.28

 
Up/down potential

-91%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as CVBF.

We calculate the intrinsic value of CVBF stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.20
  9.68
  9.21
  8.79
  8.41
  8.07
  7.76
  7.49
  7.24
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
  6.07
  5.96
  5.87
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.34
  5.30
  5.27
  5.24
Revenue, $m
  364
  399
  436
  474
  514
  555
  598
  643
  690
  738
  788
  841
  895
  952
  1,010
  1,072
  1,136
  1,202
  1,272
  1,344
  1,420
  1,499
  1,582
  1,668
  1,759
  1,853
  1,952
  2,055
  2,164
  2,277
Variable operating expenses, $m
  47
  52
  57
  62
  67
  72
  78
  84
  90
  96
  102
  109
  116
  124
  131
  139
  148
  156
  165
  175
  185
  195
  206
  217
  229
  241
  254
  267
  281
  296
Fixed operating expenses, $m
  102
  104
  107
  109
  111
  114
  116
  119
  122
  124
  127
  130
  133
  136
  139
  142
  145
  148
  151
  155
  158
  161
  165
  169
  172
  176
  180
  184
  188
  192
Total operating expenses, $m
  149
  156
  164
  171
  178
  186
  194
  203
  212
  220
  229
  239
  249
  260
  270
  281
  293
  304
  316
  330
  343
  356
  371
  386
  401
  417
  434
  451
  469
  488
Operating income, $m
  214
  243
  272
  303
  335
  369
  404
  441
  478
  518
  559
  602
  646
  692
  741
  791
  843
  898
  955
  1,015
  1,078
  1,143
  1,211
  1,283
  1,358
  1,436
  1,518
  1,604
  1,695
  1,789
EBITDA, $m
  1,117
  1,233
  1,354
  1,480
  1,611
  1,748
  1,890
  2,038
  2,191
  2,351
  2,517
  2,689
  2,869
  3,055
  3,250
  3,453
  3,664
  3,884
  4,114
  4,354
  4,604
  4,866
  5,140
  5,426
  5,725
  6,038
  6,366
  6,709
  7,068
  7,445
Interest expense (income), $m
  0
  416
  416
  450
  486
  523
  562
  602
  644
  687
  733
  780
  829
  879
  932
  987
  1,044
  1,104
  1,166
  1,231
  1,299
  1,369
  1,443
  1,519
  1,600
  1,684
  1,772
  1,863
  1,960
  2,060
  2,165
Earnings before tax, $m
  -202
  -173
  -178
  -182
  -187
  -193
  -198
  -203
  -209
  -215
  -221
  -227
  -233
  -240
  -247
  -254
  -261
  -268
  -276
  -283
  -291
  -300
  -308
  -317
  -326
  -335
  -345
  -355
  -366
  -376
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -202
  -173
  -178
  -182
  -187
  -193
  -198
  -203
  -209
  -215
  -221
  -227
  -233
  -240
  -247
  -254
  -261
  -268
  -276
  -283
  -291
  -300
  -308
  -317
  -326
  -335
  -345
  -355
  -366
  -376

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,273
  7,977
  8,712
  9,478
  10,275
  11,105
  11,967
  12,863
  13,794
  14,761
  15,767
  16,812
  17,900
  19,032
  20,210
  21,436
  22,715
  24,048
  25,438
  26,888
  28,403
  29,984
  31,637
  33,365
  35,171
  37,061
  39,039
  41,109
  43,276
  45,546
Adjusted assets (=assets-cash), $m
  7,273
  7,977
  8,712
  9,478
  10,275
  11,105
  11,967
  12,863
  13,794
  14,761
  15,767
  16,812
  17,900
  19,032
  20,210
  21,436
  22,715
  24,048
  25,438
  26,888
  28,403
  29,984
  31,637
  33,365
  35,171
  37,061
  39,039
  41,109
  43,276
  45,546
Revenue / Adjusted assets
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
  0.050
Average production assets, $m
  9,031
  9,905
  10,818
  11,769
  12,759
  13,788
  14,859
  15,971
  17,128
  18,329
  19,578
  20,876
  22,226
  23,632
  25,094
  26,618
  28,205
  29,860
  31,586
  33,387
  35,268
  37,232
  39,284
  41,429
  43,672
  46,019
  48,475
  51,045
  53,736
  56,554
Working capital, $m
  -7,811
  -8,567
  -9,356
  -10,178
  -11,035
  -11,925
  -12,851
  -13,813
  -14,813
  -15,852
  -16,932
  -18,055
  -19,223
  -20,438
  -21,703
  -23,021
  -24,393
  -25,825
  -27,317
  -28,875
  -30,502
  -32,200
  -33,975
  -35,830
  -37,771
  -39,800
  -41,924
  -44,147
  -46,474
  -48,912
Total debt, $m
  7,699
  8,332
  8,994
  9,683
  10,400
  11,147
  11,923
  12,729
  13,567
  14,438
  15,343
  16,284
  17,263
  18,281
  19,341
  20,446
  21,596
  22,796
  24,047
  25,352
  26,715
  28,139
  29,626
  31,181
  32,807
  34,508
  36,288
  38,151
  40,101
  42,144
Total liabilities, $m
  6,546
  7,180
  7,841
  8,530
  9,248
  9,994
  10,770
  11,576
  12,414
  13,285
  14,190
  15,131
  16,110
  17,128
  18,189
  19,293
  20,443
  21,643
  22,894
  24,199
  25,562
  26,986
  28,473
  30,028
  31,654
  33,355
  35,135
  36,998
  38,949
  40,991
Total equity, $m
  727
  798
  871
  948
  1,028
  1,110
  1,197
  1,286
  1,379
  1,476
  1,577
  1,681
  1,790
  1,903
  2,021
  2,144
  2,271
  2,405
  2,544
  2,689
  2,840
  2,998
  3,164
  3,336
  3,517
  3,706
  3,904
  4,111
  4,328
  4,555
Total liabilities and equity, $m
  7,273
  7,978
  8,712
  9,478
  10,276
  11,104
  11,967
  12,862
  13,793
  14,761
  15,767
  16,812
  17,900
  19,031
  20,210
  21,437
  22,714
  24,048
  25,438
  26,888
  28,402
  29,984
  31,637
  33,364
  35,171
  37,061
  39,039
  41,109
  43,277
  45,546
Debt-to-equity ratio
  10.580
  10.450
  10.320
  10.220
  10.120
  10.040
  9.960
  9.900
  9.840
  9.780
  9.730
  9.690
  9.640
  9.610
  9.570
  9.540
  9.510
  9.480
  9.450
  9.430
  9.410
  9.380
  9.360
  9.350
  9.330
  9.310
  9.300
  9.280
  9.270
  9.250
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -202
  -173
  -178
  -182
  -187
  -193
  -198
  -203
  -209
  -215
  -221
  -227
  -233
  -240
  -247
  -254
  -261
  -268
  -276
  -283
  -291
  -300
  -308
  -317
  -326
  -335
  -345
  -355
  -366
  -376
Depreciation, amort., depletion, $m
  903
  991
  1,082
  1,177
  1,276
  1,379
  1,486
  1,597
  1,713
  1,833
  1,958
  2,088
  2,223
  2,363
  2,509
  2,662
  2,821
  2,986
  3,159
  3,339
  3,527
  3,723
  3,928
  4,143
  4,367
  4,602
  4,847
  5,104
  5,374
  5,655
Funds from operations, $m
  702
  817
  904
  994
  1,088
  1,186
  1,288
  1,394
  1,504
  1,618
  1,737
  1,861
  1,989
  2,123
  2,263
  2,408
  2,560
  2,718
  2,883
  3,055
  3,235
  3,423
  3,620
  3,826
  4,041
  4,266
  4,502
  4,749
  5,008
  5,279
Change in working capital, $m
  -723
  -756
  -789
  -822
  -856
  -891
  -926
  -962
  -1,000
  -1,039
  -1,080
  -1,123
  -1,168
  -1,215
  -1,265
  -1,318
  -1,373
  -1,431
  -1,493
  -1,558
  -1,626
  -1,699
  -1,775
  -1,855
  -1,940
  -2,030
  -2,124
  -2,223
  -2,327
  -2,438
Cash from operations, $m
  1,424
  1,573
  1,693
  1,817
  1,945
  2,077
  2,214
  2,356
  2,504
  2,657
  2,817
  2,983
  3,157
  3,338
  3,528
  3,726
  3,933
  4,149
  4,376
  4,613
  4,862
  5,122
  5,395
  5,681
  5,981
  6,296
  6,626
  6,972
  7,335
  7,717
Maintenance CAPEX, $m
  -818
  -903
  -991
  -1,082
  -1,177
  -1,276
  -1,379
  -1,486
  -1,597
  -1,713
  -1,833
  -1,958
  -2,088
  -2,223
  -2,363
  -2,509
  -2,662
  -2,821
  -2,986
  -3,159
  -3,339
  -3,527
  -3,723
  -3,928
  -4,143
  -4,367
  -4,602
  -4,847
  -5,104
  -5,374
New CAPEX, $m
  -847
  -874
  -912
  -951
  -990
  -1,030
  -1,070
  -1,113
  -1,156
  -1,201
  -1,249
  -1,298
  -1,350
  -1,405
  -1,463
  -1,523
  -1,587
  -1,655
  -1,726
  -1,801
  -1,880
  -1,964
  -2,052
  -2,145
  -2,243
  -2,347
  -2,456
  -2,570
  -2,691
  -2,818
Cash from investing activities, $m
  -1,665
  -1,777
  -1,903
  -2,033
  -2,167
  -2,306
  -2,449
  -2,599
  -2,753
  -2,914
  -3,082
  -3,256
  -3,438
  -3,628
  -3,826
  -4,032
  -4,249
  -4,476
  -4,712
  -4,960
  -5,219
  -5,491
  -5,775
  -6,073
  -6,386
  -6,714
  -7,058
  -7,417
  -7,795
  -8,192
Free cash flow, $m
  -241
  -204
  -210
  -216
  -222
  -229
  -235
  -242
  -250
  -257
  -265
  -273
  -281
  -289
  -298
  -307
  -317
  -326
  -336
  -347
  -358
  -369
  -380
  -392
  -405
  -418
  -431
  -446
  -460
  -475
Issuance/(repayment) of debt, $m
  -1
  634
  661
  689
  718
  746
  776
  806
  838
  871
  905
  941
  979
  1,018
  1,060
  1,104
  1,151
  1,199
  1,251
  1,306
  1,363
  1,424
  1,487
  1,555
  1,626
  1,701
  1,780
  1,863
  1,951
  2,043
Issuance/(repurchase) of shares, $m
  929
  244
  251
  259
  267
  275
  284
  293
  302
  312
  321
  332
  342
  353
  364
  376
  389
  401
  415
  428
  443
  458
  474
  490
  507
  524
  543
  562
  582
  603
Cash from financing (excl. dividends), $m  
  928
  878
  912
  948
  985
  1,021
  1,060
  1,099
  1,140
  1,183
  1,226
  1,273
  1,321
  1,371
  1,424
  1,480
  1,540
  1,600
  1,666
  1,734
  1,806
  1,882
  1,961
  2,045
  2,133
  2,225
  2,323
  2,425
  2,533
  2,646
Total cash flow (excl. dividends), $m
  687
  673
  703
  732
  762
  793
  824
  857
  890
  925
  962
  1,000
  1,040
  1,082
  1,127
  1,173
  1,223
  1,275
  1,329
  1,387
  1,448
  1,513
  1,581
  1,652
  1,728
  1,807
  1,891
  1,980
  2,073
  2,171
Retained Cash Flow (-), $m
  -929
  -244
  -251
  -259
  -267
  -275
  -284
  -293
  -302
  -312
  -321
  -332
  -342
  -353
  -364
  -376
  -389
  -401
  -415
  -428
  -443
  -458
  -474
  -490
  -507
  -524
  -543
  -562
  -582
  -603
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  16
  17
  18
  18
  19
Cash available for distribution, $m
  -242
  430
  452
  473
  495
  518
  540
  564
  588
  614
  640
  668
  698
  729
  762
  797
  834
  873
  915
  959
  1,005
  1,055
  1,107
  1,162
  1,221
  1,283
  1,348
  1,417
  1,490
  1,567
Discount rate, %
  15.40
  16.17
  16.98
  17.83
  18.72
  19.65
  20.64
  21.67
  22.75
  23.89
  25.08
  26.34
  27.66
  29.04
  30.49
  32.02
  33.62
  35.30
  37.06
  38.92
  40.86
  42.90
  45.05
  47.30
  49.67
  52.15
  54.76
  57.50
  60.37
  63.39
PV of cash for distribution, $m
  -210
  318
  282
  246
  210
  176
  145
  117
  93
  72
  55
  40
  29
  21
  14
  9
  6
  4
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  37.5
  28.5
  22.0
  17.1
  13.5
  10.8
  8.6
  7.0
  5.7
  4.7
  3.9
  3.2
  2.7
  2.3
  1.9
  1.6
  1.4
  1.2
  1.0
  0.9
  0.7
  0.6
  0.6
  0.5
  0.4
  0.4
  0.3
  0.3
  0.2

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company's administrative and other smaller operating departments are combined into the Other segment. As of December 31, 2016, there were 42 Business Financial Centers and eight Commercial Banking Centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California. Its trust offices are located in Ontario, Newport Beach and Pasadena. These offices serve as sales offices for the Bank's wealth management, trust and investment products. It also offers specialized services designed for commercial customers. These services include cash management systems for monitoring cash flow, a credit card program for merchants, courier pick-up and delivery, and payroll services.

FINANCIAL RATIOS  of  CVB Financial (CVBF)

Valuation Ratios
P/E Ratio 26.2
Price to Sales 0
Price to Book 2.7
Price to Tangible Book
Price to Cash Flow 21.5
Price to Free Cash Flow 24
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 550%
Cap. Spend. - 3 Yr. Gr. Rate 45.4%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 68.8%
Total Debt to Equity 68.8%
Interest Coverage 0
Management Effectiveness
Return On Assets 1.3%
Ret/ On Assets - 3 Yr. Avg. 1.4%
Return On Total Capital 6%
Ret/ On T. Cap. - 3 Yr. Avg. 6.4%
Return On Equity 10.6%
Return On Equity - 3 Yr. Avg. 11.4%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 37.7%
Eff/ Tax Rate - 3 Yr. Avg. 36.1%
Payout Ratio 51.5%

CVBF stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CVBF stock intrinsic value calculation we used $330 million for the last fiscal year's total revenue generated by CVB Financial. The default revenue input number comes from 2017 income statement of CVB Financial. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CVBF stock valuation model: a) initial revenue growth rate of 10.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 15.4%, whose default value for CVBF is calculated based on our internal credit rating of CVB Financial, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CVB Financial.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CVBF stock the variable cost ratio is equal to 13%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $100 million in the base year in the intrinsic value calculation for CVBF stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for CVB Financial.

Corporate tax rate of 27% is the nominal tax rate for CVB Financial. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CVBF stock is equal to 0.9%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CVBF are equal to 2483.4%.

Life of production assets of 10 years is the average useful life of capital assets used in CVB Financial operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CVBF is equal to -2147.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for CVB Financial - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 110 million for CVB Financial is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CVB Financial at the current share price and the inputted number of shares is $2.7 billion.

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COMPANY NEWS

▶ CVB Financial: 2Q Earnings Snapshot   [Jul-18-18 05:04PM  Associated Press]
▶ Earnings Outlook: CVB Financial   [09:17AM  Benzinga]
▶ June Growth Stocks To Look Out For   [Jun-09-18 12:02PM  Simply Wall St.]
▶ What is Behind CVB Financial Corps (NASDAQ:CVBF) Superior ROE?   [May-21-18 07:55PM  Simply Wall St.]
▶ High Growth Stocks To Invest In   [Apr-22-18 12:02PM  Simply Wall St.]
▶ CVB Financial: 1Q Earnings Snapshot   [Apr-18-18 05:12PM  Associated Press]
▶ WeissLaw LLP Investigates Community Bank Acquisition   [Feb-28-18 01:17PM  PR Newswire]
▶ CVB Financial tops Street 4Q forecasts   [Jan-24-18 06:03PM  Associated Press]
▶ CVB Financial matches Street 3Q forecasts   [07:00AM  Associated Press]
▶ Is CVB Financial Corps (CVBF) ROE Of 10.66% Sustainable?   [Sep-29-17 04:17PM  Simply Wall St.]
▶ CVB Financial Corp. CEO to Meet with Investors in Chicago   [Sep-05-17 01:22PM  Business Wire]
▶ CVB Financial meets 2Q profit forecasts   [Jul-19-17 10:11PM  Associated Press]
▶ CVB Financial Corp. Announces New Board Member   [Jun-22-17 06:26PM  Business Wire]
▶ CVB Financial Corp. Announces Dividend Increase   [Jun-21-17 07:03PM  Business Wire]
▶ ETFs with exposure to CVB Financial Corp. : June 15, 2017   [Jun-15-17 01:39PM  Capital Cube]
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