CVB Financial Corp. (holding company for Citizens Business Bank) Ranked the Third Best-Performing U.S. Public Bank by S&P Global Market Intelligence
30 Mars 2023 - 1:28AM
CVB Financial Corp. (NASDAQ: CVBF), the holding company
for Citizens Business Bank, was ranked by S&P Global
Market Intelligence as the third best-performing public bank with
assets greater than $10 billion in the United States for 2022.
S&P Global Market Intelligence recently released its annual
rankings of the best-performing U.S. public banks with assets
exceeding $10 billion. Ontario, Calif.-based CVB Financial Corp.
was ranked third overall and was the only bank in the analysis of
the top 50 U.S. public banks to score better than the industry
median for all seven metrics that were considered in the
ranking.“It is a great honor to be recognized by S&P Global
Market Intelligence as one of the top three banks in the country,”
said David A. Brager, President and Chief Executive Officer of CVB
Financial Corp. and Citizens Business Bank. “Citizens Business Bank
continues to be a steady and reliable business partner to our
customers, providing a wide array of financial services through
various economic cycles. Our continued success can be attributed to
the strength and loyalty of our customers, our solid financial
position, and the dedication and talent of our associates.” To
establish its rankings, S&P Global Market Intelligence looked
at the 2022 financial performance of operating U.S. public banks
with total assets exceeding $10 billion as of the end of 2022.
Companies were ranked based on three major categories: growth,
profitability and safety and soundness.
Corporate
OverviewCVB Financial Corp. (“CVBF”) is the holding
company for Citizens Business Bank. CVBF is one of the 10 largest
bank holding companies headquartered in California with over $16
billion in total assets. Citizens Business Bank is consistently
recognized as one of the top performing banks in the nation and
offers a wide array of banking, lending and investing services with
more than 60 banking centers and 4 trust office locations serving
California.Shares of CVB Financial Corp. common stock are listed on
the NASDAQ under the ticker symbol “CVBF”. For investor information
on CVB Financial Corp., visit our Citizens Business Bank website at
www.cbbank.com and click on the “Investors” tab.
This presentation contains forward-looking
statements that are intended to be covered by the safe harbor for
such statements provided by the Private Securities Litigation
Reform Act of 1995. These statements are based on the current
beliefs and expectations of the management of CVB Financial Corp.
and Citizens Business Bank (collectively, the “Company”) and are
subject to significant risks and uncertainties that could cause
actual results or performance to differ materially from those
projected. You should not place undue reliance on these statements.
Factors that could cause the Company’s actual results to differ
materially from those described in the forward-looking statements
include, among others, changes in the U.S. economy or local,
regional and global business, economic and political conditions;
changes in laws or the regulatory environment, including trade,
monetary and fiscal policies and laws; inflation or deflation,
interest rate, market and monetary fluctuations; the effect of
acquisitions we have made or may make; changes in the competitive
environment, including technological changes; cybersecurity and
fraud threats; changes in the commercial and residential real
estate markets; threats of terrorism or military action,
catastrophic events or natural disasters such as earthquakes,
drought, pandemic disease, climate change and extreme weather; and
unanticipated legal or regulatory proceedings. These factors also
include those contained in the Company’s filings with the
Securities and Exchange Commission, including the “Risk Factors”
section of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022. These forward-looking statements speak
solely as of the date they are made and are based only on
information then actually known to the Company’s executives who are
making the associated statements. The Company does not undertake to
update any forward-looking statements except as required by
law.
Contact: David A. Brager
President and Chief Executive Officer
(909) 980-4030
CVB Financial (NASDAQ:CVBF)
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