CVB Financial (CVB Financial) Credit Losses Provision : $-0.5 Mil (As of Dec. 2023)

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What is CVB Financial Credit Losses Provision?

CVB Financial's credit losses provision for the three months ended in Dec. 2023 was $-2.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.5 Mil.

CVB Financial's quarterly credit losses provision increased from Jun. 2023 ($0.9 Mil) to Sep. 2023 ($1.1 Mil) but then declined from Sep. 2023 ($1.1 Mil) to Dec. 2023 ($-2.5 Mil).

CVB Financial's annual credit losses provision increased from Dec. 2021 ($-26.5 Mil) to Dec. 2022 ($10.6 Mil) but then declined from Dec. 2022 ($10.6 Mil) to Dec. 2023 ($1.5 Mil).

CVB Financial Credit Losses Provision Historical Data

The historical data trend for CVB Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CVB Financial Credit Losses Provision Chart

CVB Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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5.00

23.50

-26.50

10.60

1.50

CVB Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															2.00	0.90	1.10	-2.50	-

CVB Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.5 Mil.

CVB Financial (CVB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CVB Financial Corp (NAS:CVBF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

BCV:Germany

Address

701 N. Haven Avenue, Suite 350, Ontario, CA, USA, 91764

Website

https://www.cbbank.com

CVB Financial Corp is the holding company for Citizens Business Bank. Citizens Business Bank offers banking, lending, and investing services through approximately 58 banking centers and three trust office locations serving the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.

Executives

Borba George A Jr	director	701 N HAVEN AVE, ONTARIO CA 91764
Richard H Wohl	officer: EVP & General Counsel	888 EAST WALNUT ST., PASADENA CA 91101
Yamynn Deangelis	officer: EVP Chief Risk Officer	701 N. HAVEN AVE., ONTARIO CA 91764
David F Farnsworth	officer: EVP & CCO	701 N. HAVEN AVE., ONTARIO CA 91764
Anna Kan	director	701 N. HAVEN AVE., ONTARIO CA 91764
Kimberly H. Sheehy	director	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Jane Olvera	director	701 N HAVEN AVE, ONTARIO CA 91764
O Brien Raymond V Iii	director	701 N HAVEN AVENUE, ONTARIO CA 91764
Del Guercio Stephen A	director	701 N HAVEN AVE, ONTARIO CA 91764
Hal W Oswalt	director	701 N HAVEN AVE, ONTARIO CA 91764
David C Harvey	officer: EVP Chief Operations Officer	701 N. HAVEN AVENUE #350, ONTARIO CA 91764
E Allen Nicholson	officer: EVP & CFO	701 N. HAVEN AVE., ONTARIO CA 91764
David A. Brager	officer: EVP Sales Division Manager	701 N. HAVEN AVE. #350, ONTARIO CA 91764
Kristina M Leslie	director	DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201
Francene Lapoint	officer: SVP Chief Accounting Officer	1551 NORTH TUSTIN AVENUE, SUITE 300, SANTA ANA CA 92705