Income Statement (rptd.)

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CVB FINANCIAL CORP. (NASDAQ - CVBF)  
 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest income 
Loans and leases, including fees 181,619185,663192,992214,12655,196
Investment securities 
Investment securities available-for-sale 68,21463,19047,70249,77811,868
Investment securities held-to-maturity 1649,01820,22721,0154,765
Total investment income 68,37872,20867,92970,79316,633
Dividends from FHLB stock 2,1302,7742,2241,375332
Interest-earning deposits with other institutions and federal funds sold 7768681,905932536
Total interest income 252,903261,513265,050287,22672,697
Interest expense 
Deposits 4,9775,2665,9576,0441,525
Borrowings and customer repurchase agreements 10,9912,8671,4781,579453
Junior subordinated debentures 421438541673198
Total interest expense 16,3898,5717,9768,2962,176
Net interest income before recapture of provision for loan losses 236,514252,942257,074278,93070,521
Recapture of provision for loan losses (16,100)(5,600)(6,400)(8,500)(1,000)
Net interest income after recapture of provision for loan losses 252,614258,542263,474287,43071,521
Noninterest income 
Service charges on deposit accounts 15,77815,56715,06615,8094,045
Trust and investment services 8,1188,6429,5959,8452,157
Bankcard services 3,3863,0942,9213,406804
BOLI income 2,4282,5612,6123,420979
Gain on sale of loans 6,0017321,1010NA
Decrease in FDIC loss sharing asset, net (3,591)NANANANA
Gain on OREO, net NANANANA3,540
Other 4,2922,8874,2579,6381,391
Total noninterest income 36,41233,48335,55242,11812,916
Noninterest expense 
Salaries and employee benefits 76,64478,61882,63087,06522,314
Occupancy and equipment 15,26414,89215,64116,7564,192
Professional services 5,4605,7575,0545,9401,530
Software licenses and maintenance 5,4025,3685,4656,3851,760
Marketing and promotion 5,1955,0155,0274,8391,356
Recapture of provision for unfunded loan commitments (1,250)(500)(450)(400)NA
Debt termination expense 013,870160NA
Acquisition related expenses 1,9734751,8972,251803
Impairment loss on asset held-for-sale 002,5580NA
Legal settlement 001,5000NA
Other 17,54117,16417,40217,9173,991
Total noninterest expense 126,229140,659136,740140,75335,946
Earnings before income taxes 162,797151,366162,286188,79548,491
Income taxes 58,77652,22160,85784,38413,578
Net earnings 104,02199,145101,429104,41134,913
Other comprehensive income (loss) 
Unrealized (loss) gain on securities arising during the period, before tax 69,661(17,550)(17,966)(14,629)(32,170)
Less - Reclassification adjustment for net (gain) loss on securities included in net income 022(548)(402)NA
Other comprehensive loss, before tax 69,661(17,528)(18,514)(15,031)NA
Less - Income tax benefit (expense) related to items of other comprehensive income (29,256)7,3627,7766,3129,511
Other comprehensive (loss) income, net of tax 40,405(10,166)(10,738)(8,719)(22,659)
Comprehensive income 144,42688,97990,69195,69212,254
Basic earnings per common share 0.980.930.940.950.32
Diluted earnings per common share 0.980.930.940.950.32
Cash dividends declared per common share 0.40.480.480.540.14


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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