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Income Statement (rptd.)

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CVB FINANCIAL CORP. (NASDAQ - CVBF)  
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest income 
Loans and leases, including fees 179,631181,619185,663192,992
Investment securities 
Investment securities available-for-sale 50,21168,21463,19047,702
Investment securities held-to-maturity 1881649,01820,227
Total investment income 50,39968,37872,20867,929
Dividends from FHLB stock 2,0332,1302,7742,224
Federal funds sold 221NANANA
Federal funds sold and interest-earning deposits with other institutions 4897768681,905
Total interest income 232,773252,903261,513265,050
Interest expense 
Deposits 4,8874,9775,2665,957
Borrowings and customer repurchase agreements 10,99910,9912,8671,478
Junior subordinated debentures 621421438541
Total interest expense 16,50716,3898,5717,976
Net interest income before recapture of provision for loan losses 216,266236,514252,942257,074
Recapture of provision for loan losses (16,750)(16,100)(5,600)(6,400)
Net interest income after recapture of provision for loan losses 233,016252,614258,542263,474
Noninterest income 
Service charges on deposit accounts 15,92315,77815,56715,066
Trust and investment services 8,0718,1188,6429,595
Bankcard services 3,4813,3863,0942,921
BOLI income 2,5112,4282,5612,612
Gain on sale of loans 06,0017321,101
(Loss) gain on sale of securities, net 2,094NANANA
Decrease in FDIC loss sharing asset, net (12,860)(3,591)(902)(5)
Gain on OREO, net 3,131NANANA
Other 2,9364,2923,7894,262
Total noninterest income 25,28736,41233,48335,552
Noninterest expense 
Salaries and employee benefits 71,01576,64478,61882,630
Occupancy and equipment 14,50415,26414,89215,641
Professional services 5,7095,4605,7575,054
Software licenses and maintenance 4,6715,4025,3685,465
Marketing and promotion 4,6815,1955,0155,027
Recapture of provision for unfunded loan commitments 500(1,250)(500)(450)
Amortization of intangible assets 1,127NANANA
Debt termination expense 0013,87016
OREO expense 856NANANA
Insurance reimbursements (4,155)NANANA
Acquisition related expenses 01,9734751,897
Impairment loss on asset held-for-sale NA002,558
Legal settlement NA001,500
Other 15,12017,54117,16417,402
Total noninterest expense 114,028126,229140,659136,740
Earnings before income taxes 144,275162,797151,366162,286
Income taxes 48,66758,77652,22160,857
Net earnings 95,608104,02199,145101,429
Other comprehensive (loss) income 
Unrealized (loss) gain on securities arising during the period, before tax (88,562)69,661(17,550)(17,966)
Less - Reclassification adjustment for net (gain) loss on securities included in net income (2,094)022(548)
Other comprehensive (loss) income, before tax (90,656)69,661(17,528)(18,514)
Less - Income tax benefit (expense) related to items of other comprehensive income 38,075(29,256)7,3627,776
Other comprehensive (loss) income, net of tax (52,581)40,405(10,166)(10,738)
Comprehensive income 43,027144,42688,97990,691
Basic earnings per common share 0.910.980.930.94
Diluted earnings per common share 0.910.980.930.94
Cash dividends declared per common share 0.390.40.480.48


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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