January 23, 2025 - 04:27
CVB Financial Corp. has revealed impressive financial results for the fourth quarter and the entire year of 2024. The company reported net earnings of $51 million for the fourth quarter, translating to $0.36 per share. This performance reflects a solid return on average assets of 1.30%, alongside a net interest margin of 3.18%.
For the full year, CVB Financial Corp. achieved net earnings of $201 million, or $1.44 per share, demonstrating robust financial health. The return on average tangible common equity stood at an impressive 14.95%, underscoring the company's effective management and operational efficiency.
These results highlight the strength of CVB Financial's business model and its ability to navigate the financial landscape effectively. As the company moves forward, it remains focused on delivering value to its shareholders while continuing to support its clients and communities. The positive earnings reflect a commitment to growth and stability in an ever-evolving market.
