Form 8-K

8-K — CVB FINANCIAL CORP

Accession: 0001193125-26-428238

Filed: 2026-10-22

Period: 2026-10-21

CIK: 0000354647

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — cvbf-20261021.htm (Primary)

EX-99.1 (cvbf-ex99_1.htm)

EX-99.2 (cvbf-ex99_2.htm)

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8-K

8-K (Primary)

Filename: cvbf-20261021.htm · Sequence: 1

8-K

0000354647false00003546472026-10-212026-10-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 21, 2026

CVB FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

California

000-10140

95-3629339

(State or other jurisdiction of

incorporation or organization)

(Commission file number)

(I.R.S. employer identification number)

701 North Haven Ave., Suite 350 Ontario, California

91764

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (909) 980-4030

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, No Par Value

CVBF

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On October 21, 2026, CVB Financial Corp. (the “Company”) issued a press release announcing the financial results for the quarter ended September 30, 2026, and information relating to its quarterly conference call and webcast. A copy of this press release is attached hereto as Exhibit 99.1 and is furnished pursuant to Item 2.02. The information in this report (including Exhibit 99.1) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the “Securities Act”), except as expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosure.

The Company's Chief Executive Officer, President and Chief Financial Officer will make presentations to institutional investors at various meetings throughout the fourth quarter of 2026. The Company's October 2026 investor presentation, updated to reflect third quarter 2026 financial information, is included as Exhibit 99.2 of this report and is furnished pursuant to Item 7.01. The information in this report (including Exhibit 99.2) shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other documents filed under the Securities Act, except as expressly set forth by the specific reference in such filing. A copy of the investor presentation will also be available on the Company's website at www.cbbank.com under the “Investors” tab.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

CVB Financial Corp. Press Release dated October 21, 2026

99.2

CVB Financial Corp. October 2026 Investor Presentation

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CVB FINANCIAL CORP.

Date:

October 22, 2026

By:

/s/ E. Allen Nicholson

E. Allen Nicholson

Executive Vice President and Chief Financial Officer

EX-99.1

EX-99.1

Filename: cvbf-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Press Release

Contact: David A. Brager

For Immediate Release

Chief Executive Officer

(909) 980-4030

CVB Financial Corp. Reports Earnings for the Third Quarter 2026

Third Quarter 2026

•

Net earnings of $78.1 million, or $0.44 per share

•

Net interest margin expanded to 3.89%

•

Return on average assets (“ROAA”) of 1.48%

•

Return on average tangible common equity (“ROATCE”)1 of 16.22%

Ontario, CA, October 21, 2026 - CVB Financial Corp. (NASDAQ: CVBF) (“CVBF” or the “Company”) and its subsidiary, Citizens Business Bank, National Association (“Citizens” or the “Bank”), announced earnings for the quarter ended September 30, 2026.

CVB Financial Corp. reported net income of $78.1 million for the quarter ended September 30, 2026, compared with $48.3 million for the second quarter of 2026 and $52.6 million for the third quarter of 2025. Diluted earnings per share were $0.44 for the third quarter, compared to $0.29 for the prior quarter and $0.38 for the same period last year.

For the third quarter of 2026, annualized return on average equity (“ROAE”) was 9.70%, annualized ROATCE1 was 16.22%, and annualized ROAA was 1.48%.

David Brager, Chief Executive Officer of the Company, commented, “Our third-quarter results reflect solid financial performance, increased profitability, net interest margin expansion and disciplined expense management following the Heritage Bank of Commerce acquisition. The third quarter represented our 198th consecutive quarter of profitability. We remain focused on the integration, serving our customers and supporting our communities and associates as we extend our relationship-focused banking model across California’s major economic centers. We are grateful for the continued trust of our customers and the dedication of our associates.”

1 Non-U.S. generally accepted accounting principles (“GAAP”) financial measures. See GAAP to non–GAAP reconciliations of the measures are set forth at the last section of this press release.

1

Highlights for the Third Quarter of 2026

•

Earnings per share growth of 15.8% from Q3 of 2025

•

Net interest income increased $16.7 million, or 10.3% from Q2 of 2026

•

Net interest margin increased 17 basis points to 3.89% from Q2 of 2026

•

Adjusted ROAA of 1.59%2, excluding acquisition expense

•

Adjusted ROATCE of 17.38%2, excluding acquisition expense

•

Adjusted efficiency ratio2 of 42.10%, excluding acquisition expense

•

Acquisition related expenses declined to $8.1 million, compared with $31.4 million for Q2 of 2026

•

Loans increased $105.0 million, or 0.87% from the end of Q2 of 2026

•

Average loans increased by $476.7 million, 4.13% from Q2 2026

•

Recapture of credit losses of $1.0 million, compared with provision for credit losses of $1 million in Q3 of 2025

•

Average total deposit and customer repurchase agreements increased by $577.9 million, or 3.59% from Q2 of 2026

•

Noninterest-bearing deposits represented 53.5% of total deposits at quarter end

•

Repurchased $17.5 million of common stock during Q3 of 2026, bringing year-to-date repurchases to $22.6 million, or 1.0 million shares

INCOME STATEMENT HIGHLIGHTS

Three Months Ended

Nine Months Ended

(Dollars in thousands, except per share amounts)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Net interest income

$

179,066

$

162,415

$

115,577

$

459,321

$

337,629

(Recapture of) provision for credit losses

(1,000

)

—

1,000

2,000

(1,000

)

Noninterest income

16,494

17,010

13,006

47,783

43,978

Noninterest expense

90,480

114,378

58,576

265,426

175,276

Income tax expense

27,982

16,786

16,421

62,317

53,077

Net earnings

$

78,098

$

48,261

$

52,586

$

177,361

$

152,254

Earnings per common share:

Basic

$

0.44

$

0.29

$

0.38

$

1.11

$

1.12

Diluted

$

0.44

$

0.29

$

0.38

$

1.11

$

1.11

NIM - tax equivalent (“TE”) [1]

3.89

%

3.72

%

3.33

%

3.70

%

3.32

%

ROAA

1.48

%

0.97

%

1.35

%

1.26

%

1.35

%

ROAE

9.70

%

6.41

%

9.19

%

8.31

%

9.18

%

ROATCE

16.22

%

10.85

%

14.11

%

13.55

%

14.23

%

Efficiency ratio

46.27

%

63.75

%

45.56

%

52.34

%

45.93

%

[1] Includes tax equivalent (TE) adjustments utilizing a federal statutory rate of 21%.

Net Interest Income

Net interest income was $179.1 million for the third quarter of 2026, an increase of $16.7 million, or 10.25%, from the second quarter of 2026, and an increase of $63.5 million, or 54.93%, from the third quarter of 2025. The increases in net interest income compared to both periods largely reflect the full quarter impact of the Heritage acquisition, which closed on April 17, 2026. Interest income increased by $18.5 million, or 9.16%, from the second quarter of 2026, while interest expense increased by $1.9 million, or 4.71%, to $41.6 million in the third quarter of 2026. The quarter-over-quarter increase in net interest income was primarily due to a 17 basis point increase in tax equivalent net interest margin and a $891.9 million increase in average interest-earning assets.

2 Non-GAAP financial measures. See GAAP to non–GAAP reconciliations of the measures are set forth at the last section of this press release.

2

Compared to the third quarter of 2025, the $63.5 million increase in net interest income was primarily attributable to a $70.5 million increase in interest income driven by a $4.58 billion increase in average interest-earning assets and a 47 basis point increase in the yield on average earning assets. The increase in interest income was offset by a $7.0 million increase in interest expense, primarily attributable to a $2.90 billion increase in average interest-bearing deposits and customer repurchase agreements.

Net Interest Margin

Our tax equivalent net interest margin was 3.89% for the third quarter of 2026, compared to 3.72% for the second quarter of 2026 and 3.33% for the third quarter of 2025. The 17 basis point increase in our net interest margin compared to the second quarter of 2026 was primarily attributable to a 16 basis points increase in our average interest-earning assets yield, driven by a 23 basis points increase in our average investment securities yield and a 13 basis points increase in our average loan yield. Discount accretion for acquired loans was approximately $3.3 million in the third quarter of 2026, compared to $3.0 million in the second quarter of 2026. The increase in investment securities yield reflected the Company’s post merger balance sheet optimization strategy, which included repositioning the investment portfolio acquired from Heritage as well as deploying the proceeds from the sale of Heritage’s mortgage loan pools into higher-yielding securities. The increase in average loan yields was primarily driven by the full quarter impact of the higher-yielding acquired assets, including $103.4 million of average factored receivables, which generated an average yield of 17.21% during the quarter. Cost of funds remained stable at 0.96% for the third quarter of 2026, as a four basis point decrease in our cost of deposits from 0.83% in the second quarter to 0.79% in the third quarter of 2026 was offset by increases in Federal Home Loan Bank (“FHLB”) borrowings and associated costs of cash flow hedges that hedged brokered time deposits in prior quarters.

Compared to the third quarter of 2025, tax equivalent net interest margin for the third quarter of 2026 increased by 56 basis points, reflecting a 47 basis point increase in the average interest-earning assets yield and a nine basis point decrease in cost of funds. The increase in earning assets yield was primarily due to a 41 basis point increase in average loan yields, due to continuing impact of originating new loans at higher yields compared to the lower yields on principal payments and payoffs of older loans and the impact from the loans acquired from Heritage. The average yield on investment securities increased by 31 basis points from the third quarter of 2025, despite the impact of $1.5 million reduction in interest income from the fair value hedges of our investment securities available-for-sale ("AFS"), which generated a negative carry during the third quarter of 2026 compared to the positive carry recognized in the same quarter last year. Partially offsetting these increases was a 75 basis point lower yield on funds deposited at the Federal Reserve, reflecting the impact of Federal Open Market Committee (“FOMC”) rate cuts during the latter part of 2025. The 25 basis point increase in the federal funds target rate at the end of the third quarter of 2026 had minimal impact on the third quarter’s interest income. Cost of funds decreased to 0.96% in the third quarter of 2026 from 1.05% in the third quarter of 2025. This decrease was driven by a 45 basis point reduction in cost of interest-bearing deposits and a 23 basis point decrease in cost of FHLB advances. Partially offsetting these lower funding costs, was a less favorable deposit mix, as noninterest-bearing deposits declined as a percentage of average total deposits to 52.6% in the third quarter of 2026 from 59.3% in the third quarter of 2025.

Earning Assets and Deposits

The increases in average earning assets and average total deposits were primarily attributable to the full quarter’s impact of the Heritage acquisition. On average, earning assets increased by $891.9 million compared to the second quarter of 2026 and increased $4.58 billion compared to the third quarter of 2025. The quarter-over-quarter increase in interest-earning assets was primarily attributable to a $489.6 million increase in investment securities, a $476.7 million increase in average loans, partially offset with a decrease of $77.9 million in average interest-earning deposits at the Federal Reserve. The increase from the third quarter of 2025 in interest-earning assets was primarily attributable to a $3.65 billion increase in average loans, a $924.6 million increase in average investment securities, partially offset by a $45.1 million decrease in average interest-earning deposits at the Federal Reserve.

3

The average balance on noninterest-bearing deposits increased by $330.6 million, or 4.07%, from the second quarter of 2026 and by $1.33 billion, or 18.68%, from the third quarter of 2025. The average balance on interest-bearing deposits and customer repurchase agreements increased $247.2 million from the second quarter of 2026 and $2.86 billion from the third quarter of 2025. On average, noninterest-bearing deposits were 52.6% of total deposits for the third quarter of 2026, compared to 52.3% for the second quarter of 2026 and 59.3% for the third quarter of 2025.

SELECTED FINANCIAL HIGHLIGHTS

Three Months Ended

(Dollars in thousands)

September 30, 2026

June 30, 2026

September 30, 2025

Yield on average investment securities (TE)

2.97%

2.74%

2.66%

Yield on average loans

5.66%

5.53%

5.25%

Yield on average earning assets (TE)

4.78%

4.62%

4.32%

Cost of deposits

0.79%

0.83%

0.86%

Cost of funds

0.96%

0.96%

1.05%

Net interest margin (TE)

3.89%

3.72%

3.33%

Average Earning Assets Mix

Avg

% of Total

Avg

% of Total

Avg

% of Total

Total investment securities

$

5,760,514

31.21

%

$

5,270,895

30.01

%

$

4,835,928

34.86

%

Investment in FHLB, FRB, and other stock

81,753

0.44

%

77,891

0.44

%

18,012

0.13

%

Interest-earning deposits with other institutions

590,860

3.20

%

669,165

3.81

%

646,979

4.66

%

Loans

12,024,828

65.15

%

11,548,138

65.74

%

8,372,383

60.35

%

Total interest-earning assets

$

18,457,955

100.00

%

$

17,566,089

100.00

%

$

13,873,302

100.00

%

Average Deposits & Borrowings

Avg

% of Total

Avg

% of Total

Avg

% of Total

Noninterest bearing deposits

$

8,454,481

49.14

%

$

8,123,844

49.22

%

$

7,123,511

54.91

%

Interest-bearing deposits

7,613,314

44.25

%

7,400,171

44.84

%

4,893,214

37.72

%

Customer repurchase agreements

598,857

3.48

%

564,766

3.42

%

456,230

3.52

%

FHLB advances and other borrowings

500,440

2.91

%

384,295

2.33

%

500,005

3.85

%

Subordinated debentures

39,100

0.22

%

31,993

0.19

%

—

0.00

%

Total deposits and borrowings

$

17,206,192

100.00

%

$

16,505,069

100.00

%

$

12,972,960

100.00

%

Provision for Credit Losses

The Company recorded a $1.0 million recapture of credit losses in the third quarter of 2026, compared to no provision for credit losses in the second quarter of 2026 and $1.0 million provision for credit losses in the third quarter of 2025.

Noninterest Income

Noninterest income totaled $16.5 million for the third quarter of 2026, a decrease of $500,000 from $17.0 million for the second quarter of 2026 and an increase of $3.5 million from $13.0 million for the third quarter of 2025. The quarter-over-quarter decrease was primarily attributable to a $507,000 decrease in value of a CRA investment fund, a $359,000 decrease in trust and investment services income, and a $134,000 loss on the sale of two other real estate owned (“OREO”) properties, partially offset by a $580,000 increase in bank owned life insurance (“BOLI”) income and a $226,000 increase in service charges on deposit accounts. The year-over-year increase primarily reflected higher customer fee income and BOLI income resulting from the Heritage acquisition. Noninterest income in the third quarter of 2025 included $8.1 million in losses on the sale of AFS investments securities, partially offset by a $6.0 million legal settlement recorded in other income.

Noninterest Expense

Noninterest expense totaled $90.5 million for the third quarter of 2026, compared to $114.4 million for the second quarter of 2026 and $58.6 million for the third quarter of 2025. Acquisition related expenses associated with the Heritage merger totaled $8.1 million in the third quarter of 2026, compared to $31.4 million for the second quarter of 2026. Excluding acquisition related expense and the $4.3 million provision for unfunded loan commitments recorded in the second quarter, noninterest expense increased by $3.6 million from the second quarter of 2026. This increase was primarily driven by a full quarter of operating expenses associated with the Heritage acquisition.

4

As a percentage of average assets, noninterest expense was 1.71% for the third quarter of 2026, compared to 2.31% for the second quarter of 2026 and 1.50% for the third quarter of 2025. The efficiency ratio was 46.27% for the third quarter of 2026, compared to 63.75% for the second quarter of 2026 and 45.56% for the third quarter of 2025. Excluding acquisition related expenses and the provision for unfunded loan commitments, the adjusted efficiency ratio3 was 42.10% for the third quarter of 2026, compared to 43.88% for the second quarter of 2026 and 45.56% for the third quarter of 2025.

Income Taxes

Our effective tax rate for the quarter ended September 30, 2026 was 26.38%, compared with 25.81% for the second quarter of 2026 and 23.80% for the third quarter of 2025. Our estimated annual effective tax rate can vary depending upon the level of tax-advantaged income from municipal securities and BOLI, as well as tax credit investments.

BALANCE SHEET HIGHLIGHTS

Assets

Total assets were $20.52 billion at September 30, 2026, a decrease of $660.5 million, or 3.12%, from $21.18 billion at June 30, 2026. The decrease was primarily attributable to a $815.8 million decrease in interest-earning balances due from the Federal Reserve, partially offset by a $105.0 million increase in total loans and a $46.8 million increase in investment securities.

Total assets increased by $4.89 billion, or 31.29%, from $15.63 billion at December 31, 2025. The increase in assets was primarily driven by an increase of $3.42 billion in total loans, a $769.7 million increase in investment securities, partially offset by a $174.9 million decrease in interest-earnings balances due from the Federal Reserve.

Compared to September 30, 2025, total assets increased by $4.86 billion, or 31.00%, from $15.67 billion. The increase in assets was primarily driven by an increase of $3.65 billion in total loans, an increase of $845.8 million in investment securities, offset by a decrease of $538.1 million in interest-earning balances due from the Federal Reserve.

The increases in total assets compared to December 31, 2025 and September 30, 2025 primarily reflect the impact of the Heritage acquisition completed on April 17, 2026, partially offset by balance sheet optimization activities during the second quarter of 2026.

Investment Securities

Total investment securities were $5.72 billion at September 30, 2026, an increase of $46.8 million, or 0.83%, from $5.68 billion at June 30, 2026, an increase of $769.7 million, or 15.54%, from December 31, 2025, and an increase of $845.8 million, or 17.34%, from $4.88 billion at September 30, 2025. The quarter-over-quarter increase in investment securities was primarily attributable to purchases of approximately $137.4 million of AFS securities and $6.2 million of held-to-maturity (“HTM”) securities.

The increase compared to December 31, 2025 and September 30, 2025 primarily reflected the result of the Heritage acquisition as well as the Company's post merger balance sheet optimization strategy.

At September 30, 2026, HTM investment securities totaled $2.20 billion, a decrease of $23.2 million, or 1.05%, from June 30, 2026, a decrease of $75.1 million, or 3.31%, from December 31, 2025, and a decrease of $102.6 million, or 4.47%, from September 30, 2025.

3 Non-GAAP financial measures. See GAAP to non–GAAP reconciliations of the measures are set forth at the last section of this press release.

5

At September 30, 2026, AFS investment securities totaled $3.53 billion, inclusive of a pre-tax net unrealized loss of $439.0 million. AFS securities increased $70.1 million, or 2.03%, from June 30, 2026, $844.8 million, or 31.48%, from December 31, 2025, and $948.4 million, or 36.77%, from September 30, 2025. The pre-tax net unrealized loss at September 30, 2026 increased $115.5 million from June 30, 2026, $131.2 million from December 31, 2025 and $105.2 million from September 30, 2025. The increase in net unrealized losses was primarily attributable to changes in market interest rates during the quarter.

Loans

Total loans and leases, at amortized cost, were $12.12 billion at September 30, 2026, an increase of $105.0 million, or 0.87%, from $12.02 billion at June 30, 2026. The quarter-over-quarter increase was primarily due to increases of $60.8 million in dairy & livestock and agribusiness loans, $48.8 million in commercial real estate loans, $28.7 million in Small Business Administration (“SBA”) loans, $19.1 million in construction loans, partially offset by decreases of $39.1 million in commercial and industrial loans, $9.1 million in consumer and other loans, $2.9 million in single-family residential (“SFR”) mortgage loans, and $2.3 million in municipal lease finance receivables.

Total loans and leases, at amortized cost, increased by $3.42 billion, or 39.35%, from December 31, 2025. The increase primarily reflected increases of $2.46 billion in commercial real estate loans, $466.2 million in commercial and industrial loans, $191.2 million in construction loans, $187.9 million in SBA loans, $157.6 million in consumer and other loans, and $56.6 million in SFR mortgage loans. These increases were partially offset by decreases of $89.8 million in dairy & livestock and agribusiness loans, and $5.7 million in municipal lease finance receivables loans.

Total loans and leases, at amortized cost, increased by $3.65 billion, or 43.10%, from September 30, 2025. The $3.65 billion increase included increases of $2.50 billion in commercial real estate loans, $500.7 million in commercial and industrial loans, $204.1 million in SBA loans, $199.1 million in construction loans, $156.3 million in consumer loans, $52.3 million in SFR mortgage loans, $48.8 million in dairy & livestock and agribusiness loans, partially offset by a decrease of $7.6 million in municipal lease finance receivables.

The increase in total loans and leases compared to December 31, 2025 and September 30, 2025 primarily reflected the Heritage acquisition, which added $3.10 billion of loans held for investment recorded at fair value on the acquisition date.

Asset Quality

During the third quarter of 2026, the Company recorded net charge-offs of $20,000, compared to $137,000 in the second quarter of 2026. The allowance for credit losses (“ACL”) totaled $125.6 million at September 30, 2026, compared to $126.7 million at June 30, 2026 and $79.3 million at September 30, 2025. The $46.3 million year-over-year increase primarily reflected the initial ACL of $46.6 million established for the purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired from the Heritage acquisition. At September 30, 2026, the ACL represented 1.04% of total loans and leases, compared to 1.05% at June 30, 2026 and 0.94% at September 30, 2025.

6

Nonperforming loans are defined as nonaccrual loans, including modified loans on nonaccrual, plus loans 90 days or more past due and still accruing interest. Nonperforming assets are defined as nonperforming loans plus OREO. Asset quality metrics are presented below.

(Dollars in thousands)

September 30,

2026

June 30,

2026

September 30,

2025

Nonperforming loans

Commercial real estate

$

4,299

$

4,905

$

23,707

Construction

685

685

—

SBA

2,652

918

3,952

Commercial and industrial

10,514

9,672

145

Dairy & livestock and agribusiness

—

—

—

Consumer and other loans

575

462

—

Total

$

18,725

$

16,642

$

27,804

% of Total loans

0.15

%

0.14

%

0.33

%

OREO

Commercial real estate

$

—

$

206

$

661

Total

$

—

$

206

$

661

Total nonperforming assets

$

18,725

$

16,848

$

28,465

% of Nonperforming assets to total assets

0.09

%

0.08

%

0.18

%

Past due 30-89 days (accruing)

Commercial real estate

$

4,581

$

2,762

$

43

SBA

11

785

42

Commercial and industrial

500

75

—

SFR mortgage

596

—

—

Consumer and other loans

—

123

—

Total

$

5,688

$

3,745

$

85

% of Total loans

0.05

%

0.03

%

0.00

%

Total nonperforming, OREO,

and past due

$

24,413

$

20,593

$

28,550

Classified Loans

$

113,912

$

109,718

$

78,180

The $2.1 million increase in nonperforming loans from June 30, 2026 was primarily due to the addition of two nonperforming SBA loans totaling $1.7 million, and one commercial and industrial loan of $985,000, partially offset by the payoffs and paydowns.

Classified loans are loans that are graded “substandard” or worse. Classified loans increased $4.2 million from June 30, 2026, primarily due to the downgrade of two nonperforming commercial real estate loans totaling $5.1 million and two commercial and industrial loans totaling $2.1 million, partially offset by upgrades, payoffs and paydowns. The year-over-year increase primarily reflected the addition of $30.8 million of classified loans acquired in the Heritage merger.

Deposits & Customer Repurchase Agreements

Deposits of $15.73 billion and customer repurchase agreements of $571.9 million totaled $16.30 billion at September 30, 2026, compared to $16.85 billion at June 30, 2026, $12.56 billion at December 31, 2025, and $12.58 billion at September 30, 2025. Deposits and customer repurchase agreements decreased $550.0 million, or 3.26%, from June 30, 2026, increased $3.74 billion, or 29.77% from December 31, 2025, and $3.73 billion, or 29.63%, from September 30, 2025. The increases from December 31, 2025 and September 30, 2025 primarily reflected $1.2 billion of noninterest-bearing deposits and $3.5 billion of interest-bearing deposits assumed in connection with the Heritage acquisition completed during the second quarter of 2026.

7

Noninterest-bearing deposits were $8.42 billion at September 30, 2026, a decrease of $190.6 million, or 2.21%, compared to $8.61 billion at June 30, 2026. Noninterest-bearing deposits increased $1.62 billion, or 23.76%, from $6.80 billion at December 31, 2025 and $1.17 billion, or 16.17%, from $7.24 billion at September 30, 2025. At September 30, 2026, noninterest-bearing deposits were 53.50% of total deposits, compared to 52.84% at June 30, 2026, 56.33% at December 31, 2025, and 59.76% at September 30, 2025. The decrease in the percentage of noninterest-bearing deposits from December 31, 2025 and September 30, 2025 primarily reflected the deposit mix acquired in the Heritage acquisition, which included a higher proportion of interest-bearing deposits.

Borrowings

As of September 30, 2026, total borrowings were $579.3 million, consisting of $540.0 million of FHLB advances and $39.3 million of subordinated debt assumed in the Heritage acquisition, compared to $539.0 million at June 30, 2026 and $500.0 million at December 31, 2025. At September 30, 2026, FHLB advances consisted of $300.0 million of 90 day advances hedged with cash flow hedges, under which the Company pays an average fixed rate of 4.22% and receives SOFR, a $200.0 million putable advance at a rate of 4.27% maturing in May 2027, and a $40.0 million overnight advance at a rate of 4.36%, which matured on October 1, 2026.

Capital

The Company’s total equity was $3.13 billion at September 30, 2026, compared to $2.30 billion at December 31, 2025 and $2.28 billion at September 30, 2025. The increase of $835.1 million from December 31, 2025 was primarily due to $840.2 million of common shares issued in connection with the Heritage acquisition in the second quarter of 2026 and $177.4 million in net earnings, partially offset by $97.8 million in cash dividends declared and $22.7 million related to common stock repurchases. During the first nine months of 2026, the Company purchased approximately 1.0 million shares under the 2026 Repurchase Program, at an average price of $22.22 per share for an aggregate purchase price of $22.6 million, including $17.5 million repurchased during the third quarter of 2026.

Our tangible book value per share was $10.92 at September 30, 2026, compared to $11.07 at June 30, 2026, $11.24 at December 31, 2025 and $10.98 at September 30, 2025, respectively.

Our capital ratios remained well above applicable regulatory capital requirements.

CVB Financial Corp. Consolidated

Minimum Required Plus

Capital Conservation Buffer

September 30,

2026

December 31,

2025

September 30,

2025

Tier 1 leverage capital ratio

4.0%

11.2%

11.6%

11.8%

Common equity Tier 1 capital ratio

7.0%

14.8%

15.9%

16.3%

Tier 1 risk-based capital ratio

8.5%

14.8%

15.9%

16.3%

Total risk-based capital ratio

10.5%

15.7%

16.7%

17.1%

Tangible common equity (“TCE”) ratio

9.9%

10.3%

10.1%

CitizensTrust

As of September 30, 2026, CitizensTrust had approximately $4.94 billion in assets under management and administration, including $3.81 billion in assets under management. Revenues were $3.8 million for the third quarter of 2026, compared to $4.2 million for the second quarter of 2026 and $3.9 million for the third quarter of 2025. CitizensTrust provides trust, investment and brokerage related services, as well as financial, estate and business succession planning.

8

Corporate Overview

CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank, National Association. CVBF is one of the ten largest bank holding companies headquartered in California with more than $20 billion in total assets as of the closing of the mergers with Heritage Commerce Corp and its principal banking subsidiary, Heritage Bank of Commerce. Citizens Business Bank, National Association, 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 75 banking centers and three 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.

Conference Call

Management will hold a conference call at 7:30 a.m. PDT/10:30 a.m. EDT on Thursday, October 22, 2026, to discuss the Company’s third quarter 2026 financial results. The conference call can be accessed live by registering at: https://register-conf.media-server.com/register/BI4f86dd7673f14d1694c53fdb20ea376b

The conference call will also be simultaneously webcast over the Internet; please visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab to access the call from the site. Participants are encouraged to access the website at least 15 minutes prior to the start of the call to download any necessary audio software. The webcast will be archived and available for replay on the Company's website approximately two hours following the conclusion of the conference call.

Forward-Looking Statements

Certain statements set forth herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Words such as “will likely result”, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will,” “strategy”, “possibility”, and variations of these words and similar expressions help to identify these forward-looking statements, which involve risks and uncertainties that could cause actual results or performance to differ mlaterially from those projected. These forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation, plans, strategies, goals and statements about the Company’s outlook regarding revenue and asset growth, financial performance and profitability, capital and liquidity levels, loan and deposit levels, growth and retention, yields and returns, loan diversification and credit management, shareholder value creation, tax rates, the impact of business, economic, or political developments, the impact of monetary, fiscal and trade policies, and the impact of acquisitions we have made or may make, including our recent acquisition of Heritage Commerce Corp and its wholly-owned banking subsidiary, Heritage Bank of Commerce (collectively “Heritage”). Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company, and there can be no assurance that future developments affecting the Company will be the same as those anticipated by management. The Company cautions readers that a number of important factors, in addition to those set forth below, could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements.

General risks and uncertainties include, but are not limited to, the following: the strength of the United States economy and the strength of the local economies in which we conduct business; the effects of, and changes in, immigration, trade, tariff, monetary, and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation/deflation, interest rate, market and monetary fluctuations; the effects of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected efficiencies and financial results from such acquisitions; the timely development of competitive new products and services, and the acceptance of these products and services by potential and existing customers; the impact of changes in financial services policies, laws, and regulations, including those concerning banking, taxes, securities, and insurance, and the application thereof by regulatory agencies; changes in the scope and cost of Federal Deposit Insurance Corporation (“FDIC”) insurance; the effectiveness of our risk management framework and quantitative models; changes in the level of our nonperforming assets and charge-offs; the effect of changes in accounting policies and practices or accounting standards, as may be adopted from time-to-time by bank regulatory agencies, the U.S. Securities and Exchange Commission (“SEC”), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible credit related impairments or declines in the fair value of loans and securities held by us; possible impairment charges to goodwill, including any impairment that may result from increased volatility in our stock price; changes in consumer or business spending, borrowing, and savings habits; the effects of risks associated with geographic and industry concentrations within our loan portfolio; periodic fluctuations in commercial or residential real estate prices or values; our ability to attract or retain deposits (including low cost deposits) or to access government or private lending facilities and other sources of liquidity; the possibility that we may reduce or discontinue the payment of dividends on our common stock; changes in the financial performance and/or condition of our borrowers or depositors; changes in the competitive environment among financial and bank holding companies

9

and other financial service providers; technological changes, including the adoption of artificial intelligence, in banking and financial services; the use, reliability and accuracy of the financial models and data on which we rely; systemic or non-systemic bank failures or crises; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, and/or military conflicts, which could impact business and economic conditions in the United States and abroad; catastrophic events or natural disasters, including earthquakes, drought, climate change or extreme weather events that may affect our assets, communications or computer services, customers, employees or third party vendors; public health crises and pandemics, and their effects on the economic and business environments in which we operate, including on our asset credit quality, business operations, and employees, as well as the impact on general economic and financial market conditions; cybersecurity threats and fraud and the costs of defending against them, including the costs of compliance with legislation or regulations to combat fraud and cybersecurity threats; our ability to recruit and retain key executives, board members and other employees, and our ability to comply with federal and state employment laws and regulations; ongoing or unanticipated regulatory or legal proceedings or outcomes; risks associated with our recently completed merger with Heritage, including difficulties in retaining Heritage’s customers, key personnel and business relationships, and achieving anticipated cost savings and revenue synergies; and our ability to manage the risks involved in the foregoing.

Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and in subsequent filings filed with the SCE, including our quarterly reports on Form 10-Q, and in particular the discussion of "Risk Factors" set forth in such files. These filings are available at the SEC’s website (http://www.sec.gov).

The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements, except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings, equity, or shareholder returns, are for illustrative purposes only, are not forecasts, and actual results may differ.

Non-GAAP Financial Measures — Certain financial information provided in this earnings release has not been prepared in accordance with GAAP and is presented on a non-GAAP basis. Investors and analysts should refer to the reconciliations included in this earnings release and should consider the Company’s non-GAAP measures in addition to, not as a substitute for or as superior to, measures prepared in accordance with GAAP. These non-GAAP measures may or may not be comparable to similarly titled measures used by other companies.

10

CVB FINANCIAL CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Dollars in thousands)

September 30,

2026

December 31,

2025

September 30,

2025

Assets

Cash and due from banks

$

162,082

$

107,511

$

151,848

Interest-earning balances due from Federal Reserve

93,980

268,878

632,072

Total cash and cash equivalents

256,062

376,389

783,920

Interest-earning balances due from depository institutions

490

13,064

13,163

Investment securities available-for-sale

3,527,833

2,683,070

2,579,397

Investment securities held-to-maturity

2,195,292

2,270,391

2,297,909

Total investment securities

5,723,125

4,953,461

4,877,306

Investment in FHLB, FRB, and other stock

81,921

55,948

18,012

Loans and lease finance receivables

12,122,015

8,699,193

8,470,906

Allowance for credit losses

(125,641

)

(77,161

)

(79,336

)

Net loans and lease finance receivables

11,996,374

8,622,032

8,391,570

Premises and equipment, net

32,856

26,505

26,595

Bank owned life insurance (“BOLI”)

418,119

325,299

323,881

Intangibles

113,947

5,774

6,654

Goodwill

1,099,936

765,822

765,822

Other assets

799,363

486,760

459,283

Total assets

$

20,522,193

$

15,631,054

$

15,666,206

Liabilities

Deposits:

Noninterest-bearing

$

8,416,327

$

6,800,691

$

7,244,968

Investment checking

1,023,199

509,272

487,738

Savings and money market

5,710,066

4,185,244

3,809,768

Time deposits

580,587

576,775

581,765

Total deposits

15,730,179

12,071,982

12,124,239

Customer repurchase agreements

571,884

490,601

451,258

Federal Home Loan Bank advances and other borrowings

540,000

500,000

500,000

Subordinated debentures

39,253

—

—

Other liabilities

510,555

273,247

308,642

Total liabilities

17,391,871

13,335,830

13,384,139

Stockholders' Equity

Common Stock

2,045,583

1,222,365

1,257,194

Retained Earnings

1,380,074

1,300,513

1,272,649

Accumulated other comprehensive loss, net

(295,335

)

(227,654

)

(247,776

)

Total stockholders' equity

3,130,322

2,295,224

2,282,067

Total liabilities and stockholders' equity

$

20,522,193

$

15,631,054

$

15,666,206

11

CVB FINANCIAL CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED AVERAGE BALANCE SHEETS

(Unaudited)

Three Months Ended

Nine Months Ended

(Dollars in thousands)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Assets

Cash and due from banks

$

165,602

$

168,621

$

150,152

$

159,817

$

153,073

Interest-earning balances due from Federal Reserve

590,207

668,130

635,331

513,969

377,976

Total cash and cash equivalents

755,809

836,751

785,483

673,786

531,049

Interest-earning balances due from depository institutions

653

1,035

11,648

3,985

6,232

Investment securities available-for-sale

3,555,319

3,034,877

2,522,720

3,086,918

2,522,451

Investment securities held-to-maturity

2,205,195

2,236,018

2,313,208

2,233,698

2,341,303

Total investment securities

5,760,514

5,270,895

4,835,928

5,320,616

4,863,754

Investment in FHLB, FRB, and other stock

81,753

77,891

18,012

71,958

18,012

Loans and lease finance receivables

12,024,828

11,548,138

8,372,383

10,744,979

8,397,900

Allowance for credit losses

(126,638

)

(118,594

)

(78,161

)

(107,665

)

(78,837

)

Net loans and lease finance receivables

11,898,190

11,429,544

8,294,222

10,637,314

8,319,063

Premises and equipment, net

33,126

33,177

26,679

31,089

27,020

BOLI

415,858

398,014

322,591

380,297

319,627

Intangibles

116,459

100,373

7,111

74,465

8,278

Goodwill

1,099,936

1,041,190

765,822

970,207

765,822

Other assets

778,138

692,558

430,894

649,265

425,972

Total assets

$

20,940,436

$

19,881,428

$

15,498,390

$

18,812,982

$

15,284,829

Liabilities

Deposits:

Noninterest-bearing

$

8,454,481

$

8,123,844

$

7,123,511

$

7,829,965

$

7,060,953

Interest-bearing

7,613,314

7,400,171

4,893,214

6,694,547

4,838,551

Total deposits

16,067,795

15,524,015

12,016,725

14,524,512

11,899,504

Customer repurchase agreements

598,857

564,766

456,230

568,710

383,903

Federal Home Loan Bank advances and other borrowings

500,440

384,295

500,005

461,581

507,033

Subordinated debentures

39,100

31,993

—

23,841

—

Other liabilities

538,338

356,655

254,279

380,759

248,878

Total liabilities

17,744,530

16,861,724

13,227,239

15,959,403

13,039,318

Stockholders' Equity

Common Stock

2,052,534

1,887,018

1,260,256

1,723,575

1,271,013

Retained Earnings

1,384,128

1,360,935

1,278,189

1,359,219

1,255,923

Accumulated other comprehensive loss, net

(240,756

)

(228,249

)

(267,294

)

(229,215

)

(281,425

)

Total stockholders' equity

3,195,906

3,019,704

2,271,151

2,853,579

2,245,511

Total liabilities and stockholders' equity

$

20,940,436

$

19,881,428

$

15,498,390

$

18,812,982

$

15,284,829

12

CVB FINANCIAL CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

Three Months Ended

Nine Months Ended

(Dollars in thousands, except per share amounts)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Interest income

Loans and leases, including fees

$

171,500

$

159,212

$

110,825

$

443,984

$

328,741

Investment securities:

Investment securities available-for-sale

29,384

23,229

18,867

72,013

55,900

Investment securities held-to-maturity

12,180

12,322

12,812

36,968

38,719

Total investment income

41,564

35,551

31,679

108,981

94,619

Dividends from FHLB, FRB, and other stock

2,039

1,227

377

4,577

1,167

Interest-earning deposits with other institutions

5,546

6,138

7,231

14,345

12,796

Total interest income

220,649

202,128

150,112

571,887

437,323

Interest expense

Deposits

31,965

32,119

26,096

87,136

76,247

Borrowings and customer repurchase agreements

8,582

6,707

8,109

23,261

22,310

Subordinated debentures

780

639

—

1,419

—

Other

256

248

330

750

1,137

Total interest expense

41,583

39,713

34,535

112,566

99,694

Net interest income before (recapture of) provision for credit losses

179,066

162,415

115,577

459,321

337,629

(Recapture of) provision for credit losses

(1,000

)

—

1,000

2,000

(1,000

)

Net interest income after (recapture of) provision for credit losses

180,066

162,415

114,577

457,321

338,629

Noninterest income

Service charges on deposit accounts

5,562

5,336

4,859

15,715

14,726

Trust and investment services

3,825

4,184

3,875

11,733

11,002

Loss on sale of AFS Investment Securities

—

—

(8,185

)

—

(8,185

)

(Loss) gain on other real estate owned (“OREO”), net

(134

)

—

—

(134

)

2,183

Other

7,241

7,490

12,457

20,469

24,252

Total noninterest income

16,494

17,010

13,006

47,783

43,978

Noninterest expense

Salaries and employee benefits

47,608

46,568

35,876

131,637

107,352

Occupancy and equipment

8,510

8,293

5,823

22,878

17,927

Professional services

3,708

3,250

2,350

9,476

6,622

Computer software expense

5,744

6,136

4,350

16,183

12,981

Marketing and promotion

2,692

2,098

1,738

6,851

5,543

Amortization of intangible assets

3,980

3,577

1,003

8,407

3,312

Provision for unfunded loan commitments

—

4,250

500

4,750

1,000

Acquisition related expenses

8,140

31,400

—

40,669

—

Other

10,098

8,806

6,936

24,575

20,539

Total noninterest expense

90,480

114,378

58,576

265,426

175,276

Earnings before income taxes

106,080

65,047

69,007

239,678

207,331

Income tax expense

27,982

16,786

16,421

62,317

53,077

Net earnings

$

78,098

$

48,261

$

52,586

$

177,361

$

154,254

Basic earnings per common share

$

0.44

$

0.29

$

0.38

$

1.11

$

1.12

Diluted earnings per common share

$

0.44

$

0.29

$

0.38

$

1.11

$

1.11

Cash dividends declared per common share

$

0.20

$

0.20

$

0.20

$

0.60

$

0.60

13

CVB FINANCIAL CORP. AND SUBSIDIARIES

SELECTED FINANCIAL DATA

(Unaudited)

Three Months Ended

Nine Months Ended

(Dollars in thousands, except per share amounts)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Interest income - tax equivalent (TE)

$

221,282

$

202,634

$

150,626

$

573,805

$

438,879

Interest expense

41,583

39,713

34,535

112,566

99,694

Net interest income - (TE)

$

179,699

$

162,921

$

116,091

$

461,239

$

339,185

Return on average assets, annualized

1.48

%

0.97

%

1.35

%

1.26

%

1.35

%

Return on average equity, annualized

9.70

%

6.41

%

9.19

%

8.31

%

9.18

%

Efficiency ratio

46.27

%

63.75

%

45.56

%

52.34

%

45.93

%

Adjusted efficiency ratio [1]

42.10

%

43.88

%

45.17

%

43.38

%

45.67

%

Noninterest expense to average assets, annualized

1.71

%

2.31

%

1.50

%

1.89

%

1.53

%

Yield on average loans

5.66

%

5.53

%

5.25

%

5.52

%

5.23

%

Yield on average earning assets (TE)

4.78

%

4.62

%

4.32

%

4.60

%

4.29

%

Cost of deposits

0.79

%

0.83

%

0.86

%

0.80

%

0.86

%

Cost of deposits and customer repurchase agreements

0.83

%

0.86

%

0.90

%

0.84

%

0.88

%

Cost of funds

0.96

%

0.96

%

1.05

%

0.96

%

1.04

%

Net interest margin (TE)

3.89

%

3.72

%

3.33

%

3.70

%

3.32

%

TCE ratio [1]

CVB Financial Corp. Consolidated

9.93

%

9.78

%

10.14

%

Citizens Business Bank, National Association

9.59

%

9.47

%

10.00

%

Weighted average shares outstanding

Basic

174,986,550

167,038,874

136,830,437

159,076,268

137,265,804

Diluted

175,163,482

167,186,423

137,152,562

159,220,729

137,543,044

Dividends declared

$

35,253

$

35,350

$

27,548

$

97,800

$

83,104

Dividend payout ratio [2]

45.14

%

73.25

%

52.39

%

55.14

%

53.87

%

Number of shares outstanding - (end of period)

175,493,977

176,247,135

137,509,649

Book value per share

$

17.84

$

17.98

$

16.60

Tangible book value per share [1]

$

10.92

$

11.07

$

10.98

[1]  Non-GAAP financial measures. See GAAP to non-GAAP reconciliations of the measures are set forth at the last section of this press release.

[2]  Dividends declared on common stock divided by net earnings.

14

CVB FINANCIAL CORP. AND SUBSIDIARIES

NONPERFORMING ASSETS AND ALLOWANCE FOR CREDIT LOSSES

(Unaudited)

Three Months Ended

(Dollars in thousands)

September 30,

2026

December 31,

2025

September 30,

2025

Nonperforming assets

Nonaccrual loans

$

18,725

$

4,685

$

27,804

Other real estate owned (“OREO”), net

—

163

661

Total nonperforming assets

$

18,725

$

4,848

$

28,465

Loan modifications to borrowers experiencing financial difficulty

$

26,835

$

16,902

$

10,756

Percentage of nonperforming assets to total loans outstanding and OREO

0.15

%

0.06

%

0.34

%

Percentage of nonperforming assets to total assets

0.09

%

0.03

%

0.18

%

Allowance for credit losses to nonperforming assets

670.98

%

1591.60

%

278.71

%

Three Months Ended

Nine Months Ended

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Allowance for credit losses

Balance at beginning of period

$

126,661

$

80,170

$

78,003

$

77,161

$

80,122

Initial ACL on PCD and PSL loans acquired during the period

—

46,628

—

46,628

—

Charge-offs

(20

)

(141

)

(67

)

(284

)

(536

)

Recoveries

—

4

400

136

750

Net (charge-offs) recoveries

(20

)

(137

)

333

(148

)

214

(Recapture of) provision for credit losses

(1,000

)

—

1,000

2,000

(1,000

)

Balance at end of period

$

125,641

$

126,661

$

79,336

$

125,641

$

79,336

Net charge-offs to average loans

0.000

%

-0.001

%

0.004

%

-0.001

%

0.003

%

CVB FINANCIAL CORP. AND SUBSIDIARIES

ALLOWANCE FOR CREDIT LOSSES BY LOAN TYPE

(Unaudited)

September 30, 2026

December 31, 2025

September 30, 2025

(Dollars in thousands)

Allowance

For Credit

Losses

Allowance

as a % of

Total Loans

by Respective

Loan Type

Allowance

For Credit

Losses

Allowance

as a % of

Total Loans

by Respective

Loan Type

Allowance

For Credit

Losses

Allowance

as a % of

Total Loans

by Respective

Loan Type

Commercial real estate

$

75,410

0.83%

$

61,661

0.94%

$

65,394

1.00%

Construction

2,537

1.11%

593

1.57%

522

1.74%

SBA

4,555

0.97%

2,720

0.96%

2,580

0.97%

Commercial and industrial

36,169

2.51%

8,438

0.87%

6,656

0.71%

Dairy & livestock and agribusiness

3,638

1.06%

2,486

0.58%

2,791

0.95%

Municipal lease finance receivables

210

0.39%

251

0.42%

224

0.36%

SFR mortgage

526

0.16%

442

0.16%

493

0.17%

Consumer and other loans

2,596

1.20%

570

0.98%

676

1.13%

Total

$

125,641

1.04%

$

77,161

0.89%

$

79,336

0.94%

15

CVB FINANCIAL CORP. AND SUBSIDIARIES

QUARTERLY COMMON STOCK PRICE AND QUARTERLY CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

2026

2025

2024

Quarter End

High

Low

High

Low

High

Low

March 31,

$

21.48

$

18.26

$

21.71

$

18.22

$

20.45

$

15.95

June 30,

$

22.57

$

19.17

$

20.15

$

16.01

$

17.91

$

15.71

September 30,

$

23.41

$

21.56

$

21.34

$

18.12

$

20.29

$

16.08

December 31,

$

—

$

—

$

20.70

$

17.95

$

24.58

$

17.20

Q3

Q2

Q1

Q4

Q3

(Dollars in thousands, except per share amounts)

2026

2026

2026

2025

2025

Interest income

Loans and leases, including fees

$

171,500

$

159,212

$

113,272

$

117,415

$

110,825

Investment securities and other

49,149

42,916

35,838

38,564

39,287

Total interest income

220,649

202,128

149,110

155,979

150,112

Interest expense

Deposits

31,965

32,119

23,052

25,047

26,096

Borrowings and customer repurchase agreements

8,582

6,707

7,972

8,007

8,109

Subordinated debentures

780

639

—

—

—

Other

256

248

246

267

330

Total interest expense

41,583

39,713

31,270

33,321

34,535

Net interest income before (recapture of) provision for credit losses

179,066

162,415

117,840

122,658

115,577

(Recapture of) provision for credit losses

(1,000

)

—

3,000

(2,500

)

1,000

Net interest income after (recapture of) provision for credit losses

180,066

162,415

114,840

125,158

114,577

Noninterest income

16,494

17,010

14,279

11,193

13,006

Noninterest expense

90,480

114,378

60,568

61,988

58,576

Earnings before income taxes

106,080

65,047

68,551

74,363

69,007

Income taxes

27,982

16,786

17,549

19,319

16,421

Net earnings

$

78,098

$

48,261

$

51,002

$

55,044

$

52,586

Effective tax rate

26.38

%

25.81

%

25.60

%

25.98

%

23.80

%

Basic earnings per common share

$

0.44

$

0.29

$

0.38

$

0.40

$

0.38

Diluted earnings per common share

$

0.44

$

0.29

$

0.38

$

0.40

$

0.38

Cash dividends declared per common share

$

0.20

$

0.20

$

0.20

$

0.20

$

0.20

Cash dividends declared

$

35,253

$

35,350

$

27,197

$

27,180

$

27,548

16

CVB FINANCIAL CORP. AND SUBSIDIARIES

LOAN PORTFOLIO BY TYPE

(Unaudited)

(Dollars in thousands)

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

Commercial real estate

$

9,032,741

$

8,983,934

$

6,631,238

$

6,574,395

$

6,535,319

Construction

229,046

209,993

59,329

37,812

29,976

SBA

470,293

441,572

291,702

282,401

266,279

Commercial and industrial

1,439,834

1,478,884

952,260

973,631

939,174

Dairy & livestock and agribusiness

341,801

280,994

314,838

431,577

292,963

Municipal lease finance receivables

53,800

56,086

57,453

59,542

61,383

SFR mortgage

338,394

341,340

278,214

281,766

286,111

Consumer and other loans

216,106

224,252

58,282

58,069

59,701

Gross loans, at amortized cost

12,122,015

12,017,055

8,643,316

8,699,193

8,470,906

Allowance for credit losses

(125,641

)

(126,661

)

(80,170

)

(77,161

)

(79,336

)

Net loans

$

11,996,374

$

11,890,394

$

8,563,146

$

8,622,032

$

8,391,570

CVB FINANCIAL CORP. AND SUBSIDIARIES

DEPOSIT COMPOSITION BY TYPE AND CUSTOMER REPURCHASE AGREEMENTS

(Unaudited)

(Dollars in thousands)

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

Noninterest-bearing

$

8,416,327

$

8,606,924

$

7,100,507

$

6,800,691

$

7,244,968

Investment checking

1,023,199

1,022,887

497,609

509,272

487,738

Savings and money market

5,710,066

5,968,351

3,802,623

4,185,244

3,809,768

Time deposits

580,587

690,539

544,485

576,775

581,765

Total deposits

15,730,179

16,288,701

11,945,224

12,071,982

12,124,239

Customer repurchase agreements

571,884

563,405

494,257

490,601

451,258

Total deposits and customer

repurchase agreements

$

16,302,063

$

16,852,106

$

12,439,481

$

12,562,583

$

12,575,497

17

CVB FINANCIAL CORP. AND SUBSIDIARIES

NONPERFORMING ASSETS AND DELINQUENCY TRENDS

(Unaudited)

(Dollars in thousands)

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

Nonperforming loans

Commercial real estate

$

4,299

$

4,905

$

2,094

$

4,186

$

23,707

Construction

685

685

—

—

—

SBA

2,652

918

477

21

3,952

Commercial and industrial

10,514

9,672

3,573

478

145

Dairy & livestock and agribusiness

—

—

—

—

—

Consumer and other loans

575

462

—

—

—

Total

$

18,725

$

16,642

$

6,144

$

4,685

$

27,804

% of Total loans

0.15

%

0.14

%

0.07

%

0.05

%

0.33

%

Past due 30-89 days (accruing)

Commercial real estate

$

4,581

$

2,762

$

4,715

$

2,887

$

43

SBA

11

785

1,553

30

42

Commercial and industrial

500

75

88

261

—

SFR mortgage

596

—

249

—

—

Consumer and other loans

—

123

—

—

—

Total

$

5,688

$

3,745

$

6,605

$

3,178

$

85

% of Total loans

0.05

%

0.03

%

0.08

%

0.04

%

0.00

%

OREO

Commercial real estate

$

—

$

206

$

206

$

163

$

661

Total

$

—

$

206

$

206

$

163

$

661

Total nonperforming, past due,

and OREO

$

24,413

$

20,593

$

12,955

$

8,026

$

28,550

% of Total loans

0.20

%

0.17

%

0.15

%

0.09

%

0.34

%

CVB FINANCIAL CORP. AND SUBSIDIARIES

REGULATORY CAPITAL RATIOS

(Unaudited)

Minimum Required

CVB Financial Corp. Consolidated

Plus Capital

Conservation Buffer

September 30,

2026

December 31,

2025

September 30,

2025

Tier 1 leverage capital ratio

4.0%

11.2%

11.6%

11.8%

Common equity Tier 1 capital ratio

7.0%

14.8%

15.9%

16.3%

Tier 1 risk-based capital ratio

8.5%

14.8%

15.9%

16.3%

Total risk-based capital ratio

10.5%

15.7%

16.7%

17.1%

18

GAAP TO NON-GAAP RECONCILIATIONS

The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company's operational performance and to enhance investors’ overall understanding of such financial performance. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these adjusted measures, this presentation may not be comparable to other similarly titled adjusted measures reported by other companies.

Pretax Pre-Provision Income (Non-GAAP)

Pretax pre-provision income is a Non-GAAP financial measure that represents total revenue less noninterest expense and is calculated before provision for credit losses and income tax expense. Management believes this measure provides useful information for comparing the results of operations between periods.

Three Months Ended

Nine Months Ended

(Dollars in thousands)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Net Income

$

78,098

$

48,261

$

52,586

$

177,361

$

154,254

Add: (Recapture of) provision for credit losses

(1,000

)

—

1,000

2,000

(1,000

)

Add: Income tax expense

27,982

16,786

16,421

62,317

53,077

Pretax pre-provision income

$

105,080

$

65,047

$

70,007

$

241,678

$

206,331

Adjusted Return on Average Assets Ratio (Non-GAAP)

Adjusted return on average assets ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of net income, excluding acquisition related expense, adjusted for tax effect where applicable, to average assets. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business.

Three Months Ended

Nine Months Ended

(Dollars in thousands)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Net Income

$

78,098

$

48,261

$

52,586

$

177,361

$

154,254

Add: Acquisition related expenses

8,140

31,400

—

40,669

—

Less: Tax effect (1)

(2,366

)

(9,127

)

—

(11,821

)

—

Adjusted net income for average assets

$

83,872

$

70,534

$

52,586

$

206,209

$

154,254

Average Assets

$

20,940,436

$

19,881,428

$

15,498,390

$

18,812,982

$

15,284,829

Return on average assets, annualized

1.48

%

0.97

%

1.35

%

1.26

%

1.35

%

Adjusted return on average assets, excluding acquisition related expenses, annualized

1.59

%

1.42

%

1.35

%

1.47

%

1.35

%

(1) Tax effected at respective statutory rates.

19

Tangible Book Value and Tangible Common Equity Ratio (Non-GAAP)

The tangible book value per share and tangible common equity ratios are a Non-GAAP financial measures derived from GAAP-based amounts. The following is a reconciliation of tangible book value and tangible common equity to the Company stockholders' equity computed in accordance with GAAP, as well as a calculation of tangible book value per share and tangible common equity ratio.

(Dollars in thousands, except per share amounts)

September 30,

2026

December 31,

2025

September 30,

2025

CVB Financial Corp. and Subsidiaries

Stockholders' equity

$

3,130,322

$

2,295,224

$

2,282,067

Less: Goodwill

(1,099,936

)

(765,822

)

(765,822

)

Less: Intangible assets

(113,947

)

(5,774

)

(6,654

)

Tangible book value

$

1,916,439

$

1,523,628

$

1,509,591

Total assets

20,522,193

15,631,054

15,666,206

Less: Goodwill

(1,099,936

)

(765,822

)

(765,822

)

Less: Intangible assets

(113,947

)

(5,774

)

(6,654

)

Tangible assets

$

19,308,310

$

14,859,458

$

14,893,730

Common shares issued and outstanding

175,493,977

135,551,799

137,509,649

Book value per share

$

17.84

$

16.93

$

16.60

Tangible book value per share

$

10.92

$

11.24

$

10.98

Tangible common equity ratio

9.93

%

10.25

%

10.14

%

Citizens Business Bank, National Association

Stockholders' equity

$

3,065,282

$

2,270,968

$

2,262,447

Less: Goodwill

(1,099,936

)

(765,822

)

(765,822

)

Less: Intangible assets

(113,947

)

(5,774

)

(6,654

)

Tangible book value

$

1,851,399

$

1,499,372

$

1,489,971

Total assets

20,522,160

15,634,835

15,669,875

Less: Goodwill

(1,099,936

)

(765,822

)

(765,822

)

Less: Intangible assets

(113,947

)

(5,774

)

(6,654

)

Tangible assets

$

19,308,277

$

14,863,239

$

14,897,399

Common shares issued and outstanding

175,493,977

135,551,799

137,509,649

Book value per share

$

17.47

$

16.75

$

16.45

Tangible book value per share

$

10.55

$

11.06

$

10.84

Tangible common equity ratio

9.59

%

10.09

%

10.00

%

20

Return on Average Tangible Common Equity (Non-GAAP)

The return on average tangible common equity is a non-GAAP disclosure. The following is a reconciliation of net income, adjusted for tax-effected amortization of intangibles, to net income computed in accordance with GAAP; a reconciliation of average tangible common equity to the Company's average stockholders' equity computed in accordance with GAAP; as well as a calculation of return on average tangible common equity.

Three Months Ended

Nine Months Ended

(Dollars in thousands)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Net Income

$

78,098

$

48,261

$

52,586

$

177,361

$

154,254

Add: Amortization of intangible assets

3,980

3,577

1,003

8,407

3,312

Less: Tax effect (1)

(1,157

)

(1,040

)

(297

)

(2,444

)

(979

)

Tangible net income

$

80,921

$

50,798

$

53,292

$

183,324

$

156,587

Add: Acquisition related expenses

8,140

31,400

—

40,669

—

Less: Tax effect (1)

(2,366

)

(9,127

)

—

(11,821

)

—

Adjusted tangible net income

$

86,695

$

73,071

$

53,292

$

212,172

$

156,587

Average stockholders' equity

$

3,195,906

$

3,019,704

$

2,271,151

$

2,853,579

$

2,245,511

Less: Average goodwill

(1,099,936

)

(1,041,190

)

(765,822

)

(970,207

)

(765,822

)

Less: Average intangible assets

(116,459

)

(100,373

)

(7,111

)

(74,465

)

(8,278

)

Average tangible common equity

$

1,979,511

$

1,878,141

$

1,498,218

$

1,808,907

$

1,471,411

Return on average equity, annualized

9.70

%

6.41

%

9.19

%

8.31

%

9.18

%

Return on average tangible common equity, annualized

16.22

%

10.85

%

14.11

%

13.55

%

14.23

%

Adjusted return on average tangible common equity, annualized

17.38

%

15.61

%

14.11

%

15.68

%

14.23

%

(1) Tax effected at respective statutory rates.

21

Adjusted Efficiency Ratio (Non-GAAP)

Adjusted efficiency ratio is a non-GAAP financial measure derived from GAAP-based amounts. This figure represents the ratio of noninterest expense, less acquisition related expense and provision for unfunded loan commitments, where applicable, to the sum of net interest income before provision for credit losses and total noninterest income. Management believes that the exclusion of such items from this financial measure provides useful information to gain an understanding of the operating results of our core business.

Three Months Ended

Nine Months Ended

(Dollars in thousands)

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Total noninterest expense

$

90,480

$

114,378

$

58,576

$

265,426

$

175,276

Less: Provision for unfunded loan commitments

—

4,250

500

4,750

1,000

Less: Acquisition related expenses

8,140

31,400

—

40,669

—

Adjusted noninterest expense

$

82,340

$

78,728

$

58,076

$

220,007

$

174,276

Net interest income before provision for credit losses

$

179,066

$

162,415

$

115,577

$

459,321

$

337,629

Add: total noninterest income

16,494

17,010

13,006

47,783

43,978

Total revenue

$

195,560

$

179,425

$

128,583

$

507,104

$

381,607

Efficiency ratio

46.27

%

63.75

%

45.56

%

52.34

%

45.93

%

Adjusted efficiency ratio, excluding provision for unfunded loan commitments and acquisition related expenses

42.10

%

43.88

%

45.17

%

43.38

%

45.67

%

22

EX-99.2

EX-99.2

Filename: cvbf-ex99_2.htm · Sequence: 3

EX-99.2

Exhibit 99.2

CVB Financial Corp. October 2026

Forward Looking Statements CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor for "forward-looking 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. Words such as “will likely result”, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will,” “strategy”, “possibility”, and variations of these words and similar expressions help to identify these forward-looking statements, which involve risks and uncertainties that could cause actual results or performance to differ materially from those projected. These forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation, plans, strategies, goals and statements about the Company’s outlook regarding revenue and asset growth, financial performance and profitability, capital and liquidity levels, loan and deposit levels, growth and retention, yields and returns, loan diversification and credit management, shareholder value creation, tax rates, the impact of business, economic, or political developments, the impact of monetary, fiscal and trade policies, and the impact of acquisitions we have made or may make, including our recent acquisition of Heritage Commerce Corp and its wholly-owned banking subsidiary, Heritage Bank of Commerce (collectively “Heritage”). Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company, and there can be no assurance that future developments affecting the Company will be the same as those anticipated by management. The Company cautions readers that a number of important factors, in addition to those set forth below, could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. General risks and uncertainties include, but are not limited to, the following: the strength of the United States economy and the strength of the local economies in which we conduct business; the effects of, and changes in, immigration, trade, tariff, monetary, and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation/deflation, interest rate, market and monetary fluctuations; the effects of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected efficiencies and financial results from such acquisitions; the timely development of competitive new products and services, and the acceptance of these products and services by potential and existing customers; the impact of changes in financial services policies, laws, and regulations, including those concerning banking, taxes, securities and insurance, and the application thereof by regulatory agencies; changes in the scope and cost of FDIC insurance; the effectiveness of our risk management framework and quantitative models; changes in the level of our nonperforming assets and charge-offs; the effect of changes in accounting policies and practices or accounting standards, as may be adopted from time-to-time by bank regulatory agencies, the U.S. Securities and Exchange Commission (“SEC”), the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible credit related impairments or declines in the fair value of loans and securities held by us; possible impairment charges to goodwill, including any impairment that may result from increased volatility in our stock price; changes in consumer or business spending, borrowing and savings habits; the effects of our lack of a diversified loan portfolio, including the risks of geographic and industry concentrations; periodic fluctuations in commercial or residential real estate prices or values; our ability to attract or retain deposits (including low cost deposits) or to access government or private lending facilities and other sources of liquidity; the possibility that we may reduce or discontinue the payment of dividends on our common stock; changes in the financial performance and/or condition of our borrowers or depositors; changes in the competitive environment among financial and bank holding companies and other financial service providers; technological changes, including the adoption of artificial intelligence, in banking and financial services; the use, reliability and accuracy of the financial models and data on which we rely; systemic or non-systemic bank failures or crises; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, and/or military conflicts, which could impact business and economic conditions in the United States and abroad; catastrophic events or natural disasters, including earthquakes, drought, climate change or extreme weather events that may affect our assets, communications or computer services, customers, employees or third party vendors; public health crises and pandemics, and their effects on the economic and business environments in which we operate, including on our asset credit quality, business operations, and employees, as well as the impact on general economic and financial market conditions; cybersecurity threats and fraud and the costs of defending against them, including the costs of compliance with legislation or regulations to combat fraud and cybersecurity threats; our ability to recruit and retain key executives, board members and other employees, and our ability to comply with federal and state employment laws and regulations; ongoing or unanticipated regulatory or legal proceedings or outcomes; risks associated with our recently completed merger with Heritage, including difficulties and delays in integrating or retaining Heritage’s business, key personnel and customers, and achieving anticipated synergies, cost savings enhanced geographic coverage, deposit attrition, customer or employee loss, and/or revenue loss as a result of the merger; and our ability to manage the risks involved in the foregoing. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and in subsequent filings filed with the SCE, including our quarterly reports on Form 10-Q, and in particular the discussion of "Risk Factors" set forth in such files. These filings are available at the SEC’s website (http://www.sec.gov). The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements, except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings, equity, or shareholder returns, are for illustrative purposes only, are not forecasts, and actual results may differ. Non-GAAP Financial Measures — Certain financial information provided in this earnings release has not been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and is presented on a non-GAAP basis. Investors and analysts should refer to the reconciliations included in this earnings release and should consider the Company’s non-GAAP measures in addition to, not as a substitute for or as superior to, measures prepared in accordance with GAAP. These non-GAAP measures may or may not be comparable to similarly titled measures used by other companies. Cbbank.com 2

CVB Financial Corp. California’s Top Performing Business Bank Founded 1974 Total Assets ≈ $21B Total Deposits ≈ $16B Total Equity ≈ $3.1B Market Value ≈ $3.8B Business Banking Focused Presence in all California’s major economic markets Relationship driven model - Top 25% Target Customer Highly Experienced Management Team Consistent Track Record of Earnings and Shareholder returns 198 Consecutive Quarters of Profitability 148 Consecutive Quarters of Cash Dividends Financial Strength Superior Asset Quality Industry leading low cost-deposits Efficient Operating Model Highly Capitalized BBB+ FITCH Rating Proven / disciplined acquirer 8 Whole bank acquisitions since 2007 Cbbank.com

Bank Accomplishments Forbes, Best Banks in America (2016 – 2026)* ØRanked #1 Forbes, Best Banks in America (2016, 2020, 2021, 2023) Ranked #6 in Forbes’ World’s Top Performing Banks 2026 – Lower Mid-Size Banks category; #1 among California banks and #3 among U.S. banks Named to Bank Director RankingBanking: The Best U.S. Banks 2026 – Top 25 Publicly Traded Banks Named to S&P Global Market Intelligence’s Top 50 Public Banks for 2025 Rated by S&P Global as one of the Top Three Large U.S. banks by deposit franchise** BauerFinancialReport Five-Star Superior Rating for 70 Consecutive Quarters * Not eligible for rankings in 2018 ** Source: S&P Global Ranking of Large US Banks by Deposit Franchise as of September 2026 CVB Financial Corp. is the holding company for Citizens Business Bank, National Association Cbbank.com 4

78 Business Financial Centers 1 Loan Production Office 3 CitizensTrust Locations Sutter Yolo Marin San Contra Joaquin Costa Alameda Stanislaus Santa Clara Madera San Benito Fresno Tulare Kern Santa Barbara San Bernardino Los Angeles Venture Orange Riverside San Diego Corporate Office Business Financial Centers Loan Production Office CitizensTrust Cbbank.com

Our Vision and Mission Our Vision: Citizens Business Bank will strive to become the premier financial services company operating throughout the state of California, servicing the comprehensive financial needs of successful small to medium sized businesses and their owners. Our Mission: The mission of Citizens Business Bank is to achieve superior performance and rank in the top ten percent of all financial institutions in the nation in return on equity and return on assets. This will be achieved by delivering the finest in financial products and services through relationship banking commitments with businesses and professionals throughout the state of California. It will be supported by an unqualified commitment to our five core values of financial strength, superior people, customer focus, cost-effective operation, and having fun. Cbbank.com 6

Our Strategy Be the Financial Services Company of Choice for Top 25% Customers Full-relationship banking strategy Be the Employer of Choice for Top Talent Attract Develop Retain 5 Core Values Data-driven Operating Model Trusted data Better decisions Scalable growth Drive Growth from Acquisitions Strategic fit Disciplined Returns Cbbank.com 7

Financial Service Company of the Top 25% Top 25% privately-held and/or family-owned businesses throughout California Annual revenues of $1-300 million Full relationship banking Build long-term relationships Cbbank.com 8

Relationship Banking Strategy Customer Marketing Relationship Manager (Bank) Credit Management Division Agribusiness Construction Lending Specialty Banking Treasury Management International Real Estate Banking Citizens Home Lending Asset Based Lending C-PACE Lending Government Services Merchant Bankcard Citizens Equipment Financing CitizensTrust SBA Dairy & Livestock Title Escrow Receivers & Fiduciaries Property Management Homeowner Association Deposit Services Wealth Management Trust Investment Services Loan Brokerage Cbbank.com

Be the Employer of Choice - Our 5 Core Values Customer Focus Financial Strength Superior People Cost-Effective Operation Having Fun Cbbank.com 10

Be the Employer of Choice We attract top talent—and earn their commitment—by building capability, rewarding performance and preparing the next generation of leaders. ENGAGEMENT Citizens experience program Core values in action Leading the CBB way ATTRACT Build a compelling employer brand and hire for critical capabilities. DEVELOP Invest in learning, leadership, career paths and internal mobility. REWARD Offer competitive rewards that recognize performance and contribution. BUILD THE BENCH Use talent reviews and succession plans to strengthen readiness for critical roles. ALIGNED TO OUR FIVE CORE VALUES

Financial Strength Superior People Customer Focus Cost-Effective Operation Having Fun Cbbank.com 11

Data Driven Operating Model Technology and trusted data strengthen our operating model—improving the customerexperience while enabling scalable, efficient growth. CUSTOMERCAPABILITIES Deliver digital capabilities and solutions tailored to customer needs. PROCESS & AUTOMATION Reengineer processes and apply technology to increase internal efficiency, automation and scalability. DATA-DRIVEN DECISIONS Use trusted data to improve decision-making, productivity and revenue generation. REGULATORY ENABLEMENT Identify and deploy solutions that meet regulatory and compliance requirements efficiently and effectively.OPERATING MODEL OUTCOMES Growth Scalability Efficiency Cbbank.com 12

CVBF’s Acquisition Strategy Target Banks: $3 billion to $10 billion in assets In-market and adjacent markets Customer base that predominately aligns with CBB’s target customers Disciplined Approach to M&A: Rigorous due diligence: across credit, deposit pricing, and all banking functions Extensive review and analysis of expenses and cost saves Disciplined valuation and financial targets: <10% dilution; earn back period <2.5 years; IRR > 17% Extensive integration planning and history of delivering timely and successful integrations Cbbank.com 13

Growth Through Acquisitions ($ in Billions) Community Bank acquisition Assets: $3.7B $8.3 2017 $11.5 2018 $11.3 2019 $14.4 2020 $15.9 2021 Suncrest acquisition Assets: $1.4B $16.5 2022 $16.0 2023 $15.2 2024 $15.6 2025 $15.5 Q1 2026 Heritage acquisition Assets: $5.4B $21.2 Q2 2026 $20.5 Q3 2026 cbbank.com 14

Logo M&A While Preserving Franchise Strength Balance Sheet Total Assets $8.27B $20.52B Total Net Loans $4.77B $12.00B Total Deposits $6.55B $15.73B Balance Sheet Ratios Loans % Deposits 73.8% 77.1% NIB % Total Deposits 58.8% 53.5% Tangible Common Equity % Tangible Assets 11.6% 9.9% Asset Quality NPA % Total Assets 0.18% 0.09% NCO % Average Loans -0.14% 0.00% Loan Loss Reserves % Gross Loans 1.23% 1.04% Capital Adequacy CET1 Ratio 16.4% 14.8% Total Capital Ratio 18.0% 15.7% Leverage Ratio 11.9% 11.2% Profitability ROAA 1.26% 1.48% Adj ROAA* 1.28% 1.59% Net Interest Margin 3.63% 3.89% Cost of Deposits 0.09% 0.79% Adjusted Efficiency Ratio* 43.27% 42.10% cbbank.com * See Non-GAAP Reconciliation 15

CVBF Balance Sheet Profile September 30, 2026 Assets Securities Loans Deposits & Repos Funding Securities 28% Other 12% Cash 1% Loans 59% $20.5B CMO 29% Agency 9% Muni 8% Other 1% MBS 53% $5.7B C&I D&L & Agri 3% Others 11% $12.1B CRE 74% Non-maturity 93% Time 4% Repos 3% $16.3B Borrowings 3% Total Deposits & Repos 97% $16.9B No Brokered Deposits Capital Ratios as of September 30, 2026 TCE 9.9% Tier 1 Leverage 11.2% CET1 14.8% Tier 1 RBC 14.8% Total RBC 15.7% cbbank.com 16

Logo Q3 2026 Financial Highlights Profitability Core net income = $83.1 million $8.1 million acquisition expense Net interest margin (TE) = 3.89% Adjusted efficiency ratio = 42.10%* Adjusted ROAA = 1.59%* Income Statement Net income = $78.1 million / EPS = $0.44 Pretax pre provision income* = $105.1 million Net interest income = $179.1 million $1.0 million recapture of credit losses Heritage FV discount accretion = $3.3 million Heritage CDI amortization = $3.3 million Balance Sheet Total assets > $20 billion Organic loan growth = $105 million Avg. noninterest deposits > 52% of total deposits Cost of deposits and customer repos = 0.83% Asset Quality NPA/TA = 0.09% (NPA = $18.7 million) Classified loans = $113.9 million or 0.94% of total loans ACL = $125.6 million / 1.04% of total loans Capital CET1 ratio = 14.8% Total risk-based ratio = 15.7% Tangible common equity ratio = 9.9% cbbank.com * See Non-GAAP Reconciliation 17

Selected Ratios Performance ROATCE* NIM Cost of Deposits Cost of Funds Efficiency Ratio NIE % Avg. Assets 2023 18.48% 3.31% 0.41% 0.83% 42.00% 1.41% 2024 14.95% 3.09% 0.88% 1.32% 46.55% 1.45% 2025 14.28% 3.36% 0.85% 1.03% 46.03% 1.57% Q3'25 14.11% 3.33% 0.86% 1.05% 45.56% 1.50% Q2'26 10.85% 3.72% 0.83% 0.96% 63.75%** 2.31% Q3'26 16.22% 3.89% 0.79% 0.96% 46.27%** 1.71% Credit Quality NPA % Total Assets 0.13% 0.31% 0.03% 0.18% 0.08% 0.09% Net Charge-Offs (Recoveries) to Avg. Loans 0.00% 0.04% 0.00% (0.00%) 0.00% 0.00% Capital CET1 Ratio 14.6% 16.2% 15.9% 16.3% 14.7% 14.8% Total Risk-Based Capital Ratio 15.5% 17.1% 16.7% 17.1% 15.8% 15.7% * See Non-GAAP Reconciliation ** Adjusted efficiency ratio: Q3’26 = 42.10%; Q2’26 = 43.88%. See Non-GAAP Reconciliation cbbank.com 18

Selected Highlights Income Statement ($ in Thousands) Net Interest Income Noninterest Income Noninterest Expense, excluding Acquisition Related Expenses & Provision for Unfunded Loan Commitments Acquisition Related Expenses Provision for Unfunded Loan Commitments Total Noninterest Expense Pretax-Pre Provision Income* Provision for (recapture of) Credit Losses Earnings before Income Taxes NetIncome Diluted earnings per common share Q3’25 $ 115,577 13,006 58,076 — 500 58,576 70,007 1,000 69,007 $ 52,586 $ 0.38 Q2’26 $ 162,415 17,010 78,728 31,400 4,250 114,378 65,047 — 65,047 $ 48,261 $ 0.29 Q3’26 $ 179,066 16,494 82,340 8,140 — 90,480 105,080 (1,000) 106,080 $ 78,098 $ 0.44 * See Non-GAAP Reconciliation cbbank.com 19

Selected Highlights Average Balance Sheet ($ in Thousands) Average Cash & Cash Equivalents Average Loans Average Total Securities Average Noninterest-bearing Deposits Average Total Deposits & Customer Repurchase Agreements Average Borrowings Average Loan-to-deposit Average Noninterest-bearing deposits/Total Deposits Q3’25 $ 785,483 8,372,383 4,835,928 7,123,511 12,472,955 500,005 69.67% 59.28% Q2’26 $ 836,751 11,548,138 5,270,895 8,123,844 16,088,781 416,288 74.39% 52.33% Q3’26 $ 755,809 12,024,828 5,760,514 8,454,481 16,666,652 539,540 74.84% 52.62% cbbank.com 20

Earnings Per Share 198Consecutive Quarters or 49+ Years $0.37 Q3' 24 $0.36 Q4' 24 $0.36 Q1'25 $0.37 Q2'25 $0.38 Q3' 25 $0.40 Q4'25 $0.38 Q1'26 $0.29 Q2'26 $0.44 Q3'26 Earnings per Share cbbank.com 21

Consistently High Returns – ROAA Trend logo CVBF KRX* Adjusted ROAA** Community Bank acquisition 1.84% 1.61% 1.26% Suncrest acquisition 1.37% 1.38% 1.39% 1.35% 1.24% 1.36% 1.36% 1.42% 1.59% Heritage acquisition 1.03% 1.36% 1.32% 0.66% 1.28% 1.20% 0.93% 0.96% 1.09% 1.19% 1.23% 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q’26 2Q’26 3Q’26 cbbank.com * Source: S&P Capital IQ. Unweighted Average NASDAQ Regional Banking Index KRX ** See Non-GAAP Reconciliation 22

Dividends – 148 Consecutive Quarters 148 Consecutive Quarters 37 years of consecutive cash dividends $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 54.62% 55.01% 54.50% 54.79% 52.39% 49.38% 53.32% 73.25% 45.14% Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Dividends per Share Dividend Payout Ratio Dividend payout ratio calculated on per share basis. cbbank.com 23

Capital Ratios Q1 vs Q3 & Buyback logo Q1 26 Q3 26 CET 1 Ratio 16.3% 14.8% TCE Ratio* 10.5% 9.9% Tangible Book Value Per Share $11.42 $10.92 Board authorized Share Repurchase Program up to 15 Million Shares – June 15, 2026 Impact of Heritage Acquisition and Share Repurchase Program on CVBF Common Stock through 10/19/26 Common Shares Outstanding Common Stock (in Thousands) Balance at 03/31/2026 135,791 $ 1,221,938 Heritage issued 40,621 840,173 Shares repurchased (1,817) (40,063) Other stock-based transactions 95 6,034 Balance at 10/19/2026 174,690 $2,028,082 cbbank.com * See Non-GAAP Reconciliation 24

Net Interest Income and NIM ($ in Millions) $115.6 Q3'25 $122.7 Q4'25 $117.8 Q1'26 $162.4 Q2'26 $179.1 Q3'26 4.32% 4.43% 4.35% 4.62% 4.78% 3.33% 3.49% 3.44% 3.72% 3.89% 1.05% 1.01% 0.97% 0.96% 0.96% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Earning Asset Yield Net Interest Margin Cost of Funds cbbank.com 25

Noninterest Income ($ in Millions) $15.2 $1.2 $3.3 $0.7 $0.6 $3.9 $5.6 Q32025 $14.0 $1.0 $2.1 $0.7 $0.7 $4.0 $5.4 Q4 2025 $14.3 $0.7 $3.1 $0.7 $0.5 $3.7 $5.5 Q1 2026 $17.0 $1.7 $3.5 $0.6 $0.7 $4.2 $6.3 Q2 2026 $16.5 $0.7 $4.1 $0.7 $0.8 $3.8 $6.5 Q3 2026 Other* BOLI Income Bankcard services International banking income Trust and investment services Banking Service Income * Q3-2025 Other excludes $8.2MM loss on sale of AFS securities and $6.0MM legal settlement received. Q4-2025 excludes $2.8MM loss on sale of AFS Securities. cbbank.com 26

Noninterest Expense ($ in Thousands) Salaries and employee benefits Occupancy and equipment Professional services Computer software & telecommunications expense Amortization of intangible assets Provision for Unfunded Loan Commitments Acquisition related expenses Other Total noninterest expense Q3’26 $ 47,608 8,510 3,708 6,446 3,980 — 8,140 12,088 $ 90,480 Q2’26 $ 46,568 8,293 3,250 6,883 3,577 4,250 31,400 10,157 $ 114,378 QoQ $ 1,040 217 458 (437) 403 (4,250) (23,260) 1,931 ($ 23,898) 45.17% 44.40% 44.61% 43.88% 42.10% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Adjusted Efficiency Ratio* * See Non-GAAP Reconciliation cbbank.com 27

Loans by Type – Q2 vs Q3 6/30/2026 CRE Owner C&I 12% D&L and Agribus. 2% SBA 4% SFR Mortgage 3% SFR Mortgage 3% CRE Non-Owner 51% Average Coupon: 5.37% 9/30/2026 CRE Owner 23% C&I 12% D&L and Agribus. 3% SBA 4% SFR Mortgage 3% Other 4% CRE Non-Owner 51% Average Coupon: 5.46% Note: Weighted average coupon excludes loan fees and purchase accounting accretion. cbbank.com 28

Loan Growth – YTD’26 and Q3’26 ($ in Millions) 2026 YTD Loan Portfolio Change 8,699 3,479 (327) 1,222 (1,015) 69 12, 122 12/31/2025 HBC Acquisition* SFR Sale* New Originations Paydown Line Utilization Change 9/30/2026 2026 Q3 Loan Portfolio Change 12,017 - - 407 (359) 57 12,122 6/30/2026 HBC Acquisition* SFR Sale* New Originations Paydown Line Utilization Change 9/30/2026* Fair Value as of 4/17/2026 cbbank.com 29

Line Utilization Trends 51% 45% 48% 45% 49% 43% 48% 42% 4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Total 78% 73% 80% 71% 81% 64% 78% 66% Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 D&L 33% 27% 29% 29% 30% 28% 32% 31% Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 C&I cbbank.com 30

Classified Loan Trend Classified Loan% of Total Loans 0.92% 0.60% 0.96% 0.91% 0.94% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Classified Loan ($ in Millions) Classified Loan Balance $78.18 $8.30 $7.55 $9.61 $31.66 $20.45 Q3 2025 $52.70 $5.64 $6.85 $12.34 $8.52 $18.75 Q4 2025 $83.06 $5.60 $11.27 $30.49 $5.14 $29.77 Q1 2026 $109.72 $10.56 $8.95 $35.68 $25.07 $26.00 $113.91 $10.62 $6.90 $36.15 $24.65 $31.42 Q3 2026 *Other includes other loan segments that are not listed above, including Construction, Consumer and other loans. Other SFR mortgage SBA Dairy & livestock and agribusiness Commercial and industrial CRE- Non owner occupied CRE- Owner occupied cbbank.com 31

ACL Trend ACL Coverage Ratio 0.94% 0.89% 0.93% 1.05% 1.04% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 ($ in Millions) Total ACL $79.3 $77.2 $80.2 $126.7 $125.6 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 cbbank.com 32

Investment Portfolio Investment Portfolio Mix – Q3’26 Historical Yield Municipal 7% Other8% CMBS19% CMO14% MBS52% 6,000 5,500 5,000 4,500 4,000 3.00% 2.90% 2.80% 2.70% 2.60% 2.50% 2.40% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Avg. Investment Securities Avg.Security Yield Increased Investment in Floating Rate Assets Principal Runoff & Effective Coupon Millions 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Fixed Floating Total Millions $200 $160 $120 $80 $40 $0 2.05% 2.46% 2.54% 2.48% 2.54% Q4'26 Q1'27 Q2'27 Q3'27 Q4'27 Q1'28 2.90% 2.70% 2.50% 2.30% 2.10% 1.90% 1.70% 1.50% Principal Runoff/Qtr Eff. Coupon of Runoff cbbank.com 33

Deposit & Customer Repurchase Agreements 6/30/2026 9/30/2026 Total Deposits & Repos: $16,852 Total Deposits & Repos:$16,302 Savings + Money Market 36% Total Time Deposits 4% CBB Repo Sweep 3% NOW Accounts 6% Demand Deposit Accounts 51% Cost of Deposits & Repos: 0.86% Savings + Money Market 35% Total Time Deposits 4% CBB Repo Sweep 3% NOW Accounts6% Demand Deposit Accounts 52% Cost of Deposits & Repos: 0.82% cbbank.com 34

Business vs Consumer Deposits Q3 2026 Non-Analyzed Business Accounts 59% Consumer 16% Analyzed Business Accounts 25% cbbank.com 35

Diverse Deposit Base logo Consumer 16% Other Industries 8% Agriculture, Forestry, Fishing and Hunting 1% Retail Trade 2% Educational Services 3% Escrow and Title 3% Wholesale Trade 3% Public Administration 3% Health Care and Social Assistance 4% Professional, Scientific, and Technical Services 6% Manufacturing 7% Property Management 8% Other Services (except Public Administration) 8% Other Real Estate Rental and Leasing 8% Construction 9% Finance and Insurance 11% *Other Industries include various industries that represent less than 2%. cbbank.com 36

Cost of Deposits For the Last 5 Years CVBF Ranked #1 with the Lowest Cost of Deposits of the 50 Banks in the KRX Index CVBF KRX Fed Funds Rate Source: As calculated by S&P Capital IQ. Unweighted Average NASDAQ Regional Banking Index KRX (50 Banks) 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 0.03% 0.15% 2.34% 0.98% 4.00% 1.76% 0.79% 2022 2023 2024 2025 2026 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 cbbank com 37

Cost of Deposits: Monthly Trends CVBF Cost of Deposits CVBF Cost of Deposits Detail Coat of Non Maturity Deposits Coat of Time Deposits 2.75% 2.72% 2.66% 2.82% 2.84% 2.83% 2.94% 2.97% 2.82% 2.36% 2.29% 2.21% .75% .72% .71% .70% .67% .67% .67% .72% .72% .73% .73% .72% Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 vs. Effective Federal Funds Rate 5.33% 4.83% 4.58% 4.33% 4.09% 3.64% 3.64% 3.63% 3.63% 3.88% 0.92% 1.01% 0.92% 0.90% 0.86% 0.80% 0.80% 0.83% 0.79% 0.78% Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Total Cost of Deposits EFFR cbbank.com 38

Interest Rate Risk 9/30/2026 Yield Curve – Base Case 12 Month Ramp Up 200 bps 12 Month Ramp Up 100 bps 12 Month Ramp Dn 100 bps 12 Month Ramp Dn 200bps Net Interest Income 9/30/26 Static Balance Sheet Projections (9/30/26 Yield Curve vs Parallel Yield Curve Changes) 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Year 1 Year 2 Rate Scenario (12 Month Ramp) NII %Change to Base NII %Change to Base Up 200bps Up 100bps Dn 100bps Dn 200bps 2.94% 1.52% -0.96% -1.44% 6.03% 3.19% -3.14% -6.43% cbbank.com 39

Appendix & Non-GAAP Reconciliation cbbank.com

Acquisition of Heritage Bank of Commerce Expands Presence into Desirable Bay Area Markets Addition of 16 Business Financial Centers Attractive Financial Returns IRR = 20% EPS Accretion = 13% ROAA =1.50% ROATCE =17% Strongly Aligned Business Models NPA ratio .08% Business deposits = 83% of total deposits Merger Announcement December 17, 2025 Regulatory Approval April 1, 2026 Core System Conversion June 22, 2026 Shareholders Approval March 26, 2026 Legal Close Date April 17, 2026 187 days from announcement to systems conversion cbbank.com 41

Fair Value Acquired Heritage Assets & Liabilities- 4/17/26 ($ in Millions) Acquired April 17, 2026 Re-structure Post-Restructure Total Cash and Cash Equivalents Total Investment Securities Loans held for sale PCD Loans PSL Loans ACL Net Loans Goodwill CDI Other Assets Total Assets Noninterest bearing deposits Interest bearing deposits Total Deposits Subordinate Debt Other Liabilities Total Liabilities Net Assets $ 548 1,016 327 99 3,053 (47) $ 3,432 334 117 291 $ 5,739 $ 1,224 3,528 4,752 39 103 $ 4,894 $ 845 $ 815 (488) (327) - - - $ (327) - - - $ - $ - - - - - $ - $ - $ 1,364 528 - 99 3,053 (47) $ 3,105 334 117 291 $ 5,739 $ 1,224 3,528 4,752 39 103 $ 4,894 $ 845 Cbbank.com 42

CRE by Collateral ($ in Millions) Collateral Type Balance % of Owner Occupied LTV at Origination Avg. Size Classified Classified (Non- Owner) Classified (Owner) Industrial $ 2,708 46% 48% $ 1.73 $ 34.83 $ 10.46 $ 24.36 Office 1,468 26% 52% 1.75 11.80 10.02 1.78 Retail 1,388 11%45% 1.73 3.53 3.53 0.00 Multi-Family 1,256 0% 47% 1.60 0.00 0.00 0.00 Other 751 56% 46% 1.55 1.05 0.00 1.05 Other RE Rental & Leasing 602 15% 46% 2.17 0.63 0.64 0.00 Farmland 431 99% 46% 1.56 4.23 0.00 4.23 Medical 429 31% 55% 1.59 0.00 0.00 0.00 Total $ 9,033 32%48% $ 1.70 $ 56.07 $ 24.65$ 31.42 cbbank.com 43

CRE by Collateral and Origination ($ in Millions) Balance Distribution by Origination Year Average OLTV By Origination Year Collateral Type Balance 2026 2025 2024 2023 2022 2021 or earlier 2026 2025 2024 2023 2022 2021 or earlier Industrial $ 2,708 9% 11% 5% 8% 17% 50% 45% 45% 44% 40% 45% 51% Office 1,468 10% 9% 4% 4% 19% 54% 49% 48% 49% 48% 53% 54% Retail 1,388 9% 11% 5% 11% 18% 46% 41% 43% 39% 41% 45% 48% Multi-Family 1,256 14% 9% 4% 9% 15% 49% 51% 46% 42% 42% 44% 49% Other 751 10% 11% 5% 6% 11% 57% 46% 42% 56% 44% 46% 46% Other RE Rental & Leasing 602 11% 11% 6% 9% 15% 48% 45% 42% 43% 49% 46% 46% Farmland 431 14% 9% 7% 7% 14% 49% 44% 34% 38% 42% 51% 48% Medical 429 10% 16% 7% 2% 10% 55% 49% 53% 46% 40% 51% 59% Total $ 9,033 10% 11% 5% 7% 16% 51% 47% 45% 44% 42% 46% 50% cbbank.com 44

CRE by Collateral and Loan Size ($ in Millions) Loan Amount Industrial Office Retail Multi-Family Other Farmland Medical Other RE Rental and Leasing Total Greater than $20M $10M to $20M $5M to $10M $1M to $5M Less than $1M Total $24 138 580 1,624 342 $2,708 $22 154 357 752 183 $1,468 $0 109 232 850 197 $1,388 $0 96 183 770 207 $1,256 $0 17 183 439 112 $751 $21 58 74 212 66 $431 $22 34 62 250 61 $429 $0 50 163 335 54 $602 $89 656 1,834 5,232 1,222 $9,033 cbbank.com 45

Loans – Maturity & Repricing ($ in Millions) Balance Distribution by Maturity or Reset as of 09/30/2026 Variable Fixed / Adjustable Loan Type ≤ 1 Year ≤ 1 Year 1-3 Years 3-5 Years 5-10 Years > 10 Years Grand Total Commercial real estate $ 880 $ 606 $ 1,778 $ 3,028 $ 2,458 $ 282 $ 9,033 Commercial and industrial 807 64 171 202 184 13 1,440 Dairy & livestock and agribusiness 340 0 1 1 0 0 342 SBA 86 13 30 116 193 32 470 SFR mortgage 64 5 61 107 58 43 338 Other 405 16 15 15 11 37 499 Total Loans and Leases $ 2,582 $ 704 $ 2,056 $ 3,469 $ 2,904 $ 407 $ 12,122 % of Total 21% 6% 17% 29% 24% 3% 100% z Weighted Avg. Coupon 7.02% 4.63% 5.29% 5.19% 4.85% 4.65% 5.46% Note: Weighted average coupon excludes loan fees and purchase accounting accretions. Cbbank.com 46

C&I by Industry ($ in Millions) Industry Real Estate Rental and Leasing Construction Manufacturing Wholesale Trade Health Care and Social Assistance Arts, Entertainment, and Recreation Transportation and Warehousing Administrative and Support and Waste Management and Remediation Services Professional, Scientific, and Technical Services Other* Total Balance $ 266 180 174 100 69 67 64 57 56 407 $ 1,440 % of C&I Total 18% 12% 12% 7% 5% 5% 4% 4% 4% 28% 100% Classified $ 7.87 0.44 14.01 7.45 0.88 0.00 4.46 0.00 0.00 1.04 $ 36.15 Construction:12% Manufacturing:12% Real Estate Rental and Leasing:18% Other*: 29% Wholesale Trade:7% Health Care and Social Assistance:5% Arts, Entertainment, and Recreation:5% Transportation and Warehousing:4% Administrative and Support and Waste Management and Remediation Services:4% Professional, Scientific, and Technical Services:4% * Bayview Factoring business is classified under Other Cbbank.com 47

Loan Growth –Q1’26 and Q2’26 ($ in Millions) 2026 Q2 Loan Portfolio Change 8,643 3,479 (327) 477 (348) 97 12,017 3/31/2026 HBC Acquisition* SFR Sale* New Originations Paydown Line Utilization Change 6/30/2026 2026 Q1 Loan Portfolio Change 8,699 - - 338 (308) (85) 8,643 12/31/2025 HBC Acquisition* SFR Sale* New Originations Paydown Line Utilization Change 3/31/2026 * Fair Value as of 4/17/2026 Cbbank.com 48

Classified Loans / Total Loans (%)CVBF KRX 0.7% 1.5% 1.0% 1.4% 0.9% 0.7% 0.9% 1.2% 1.2% 1.6% 1.2% 1.8% 1.4% 2.0% 1.5% 2.3% 1.1% 2.0% 1.1% 2.4% 0.9% 2.4% 0.9% 2.4% 0.6% 2.3% 1.0% 2.3% 0.9% 2.2% 0.9% 0 4Q'19 4Q'20 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 * Source: S&P Capital IQ. Unweighted Average NASDAQ Regional Banking Index KRX Cbbank.com 49

Net Charge-Offs / Average Loans (%) CVBF KRX 0.02% 0.03% 0.05% 0.04% 0.06% 0.06% 0.08% 0.06% 0.05% 0.05% 0.06% 0.05% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 * Source: S&P Capital IQ. Unweighted Average NASDAQ Regional Banking Index KRX Cbbank.com 50

CET1 Ratio Trend (%) ASR / Suncrest Acquisition HTBK Acquisition 14.8% 14.8% 14.9% 13.6% 14.7% 15.0% 15.3% 15.8% 16.2% 16.5% 16.5% 16.3% 15.9% 16.3% 14.7% 14.8% 12.1% 12.5% 12.5% 11.8% 12.2% 12.2% 12.3% 12.6% 12.8% 12.8% 12.7% 12.8% 12.8% 12.7% 12.8% 4Q'19 4Q'20 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 * Source: S&P Capital IQ. Unweighted Average NASDAQ Regional Banking Index KRX cbbank.com 51

TCE Ratio Trend (%) CVBF KRX ASR / Suncrest Acquisition HTBK Acquisition 12.2% 9.6% 9.2% 7.4% 8.5% 8.3% 8.3% 9.7% 9.8% 10.0% 10.0% 10.1% 10.3% 10.5% 9.8% 9.9% 9.7% 9.0% 8.6% 7.4% 8.1% 8.1% 8.2% 8.6% 8.6% 8.8% 8.8% 9.1% 9.2% 9.1% 9.2% 4Q'19 4Q'20 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 * Source: S&P Capital IQ. Unweighted Average NASDAQ Regional Banking Index KRX cbbank.com 52

Economic Forecast – GDP Real GDP Growth 4.00 3.50 3.00 2.50 2.00 1.50 1.00 .50. – (0.50) 2026Q3 2026Q4 2027Q1 2027Q2 2027Q3 2027Q4 2028Q1 2028Q2 2028Q3 2028Q4 2029Q1 2029Q2 2029Q3 Q2 2026 Forecast Q3 2026 Forecast cbbank.com 53

Economic Forecast – Unemployment Unemployment Rate 6.00 5.50 5.00 4.50 4.00 2026Q3 2026Q4 2027Q1 2027Q2 2027Q3 2027Q4 2028Q1 2028Q2 2028Q3 2028Q4 2029Q1 2029Q2 2029Q3 Q2 2026 Forecast Q3 2026 Forecast cbbank.com 54

Economic Forecast – CRE Price CRE Price Index Growth 8.00 6.00 4.00 2.00 – (2.00) (4.00) (6.00) 2026Q3 2026Q4 2027Q1 2027Q2 2027Q3 2027Q4 2028Q1 2028Q2 2028Q3 2028Q4 2029Q1 2029Q2 2029Q3 Q2 2026 Forecast Q3 2026 Forecast cbbank.com 55

Reconciliation of Adjusted Return on Average Assets Ratio (Non-GAAP) The adjusted return on average assets ratio is a non-GAAP disclosure. We use certain non-GAAP financial measures to provide supplemental information regarding our performance. We believe that presenting the adjusted return on average assets ratio provides additional clarity to the users of our financial statements. Net income Less: Acquisition related expenses Less: Tax effect (1) Adjusted net income for average assets Average assets Return on average assets, annualized Adjusted return on average assets, excluding acquisition related expenses, annualized For the year ended December 31, three months ended 2022 $235,425 6,013 (1,778) $239,660 $16,911,661 1.39% 1.42%2023 $221,435 – – $221,435 $16,346,172 1.35% 1.35% 2024 $200,716 – – $200,716 $16,139,598 1.24% 1.24% 2025 $209,298 1,556 (450) $210,394 $15,376,614 1.36% 1.37%September 30, 2025 $52,586 – – $52,586 $15,498,390 1.35% 1.35% March 31, 2026 $51,002 – – $51,002 $15,564,244 1.33% 1.33% June 30, 2026 $48,261 31,400 (9,127) $70,534 $19,881,428 0.97% 1.42% September 30, 2026 $78,098 8,140 (2,360) $83,878 $20,940,436 1.48% 1.59% (1) Tax effected at respective statutory rates. Cbbank.com 56

Reconciliation of Adjusted Return on Average Tangible Common Equity (Non-GAAP) The adjusted return on average tangible common equity is a non-GAAP disclosure. We use certain non-GAAP financial measures to provide supplemental information regarding our performance. We believe that presenting the adjusted return on average tangible common equity provides additional clarity to the users of our financial statements. For the year ended December 31, three months ended 2022 2023 2024 2025 September 30, 2025 June 30, 2026 September 30, 2026 Net Income Add: Amortization of intangible assets Less: Tax effect (1) Tangible net income Add: Acquisition related expenses Less: Tax effect (1) Adjusted tangible net income Average stockholders' equity Less: Average goodwill Less: Average intangible assets Average tangible common equity Return on average equity, annualized Return on average tangible common equity, annualized Adjusted return on average tangible common equity, annualized (1) Tax effected at respective statutory rates. Cbbank.com 57 $235,425 $221,435 $200,716 $209,298 $52,586 $48,261 $78,098 7,566 6,452 5,324 4,193 1,003 3,577 3,980 (2,237) (1,907) (1,574) (1,240) (297) (1,040) (1,151) $240,754 $225,980 $204,466 $212,251 $53,292 $53,739 $80,927 6,013 — — 1,556 — 31,400 8,140 (1,778) — — (460) — (9,127) (2,366) $244,989 $225,980 $204,466 $213,347 $53,292 $73,071 $86,695 $2,066,463 $2,006,882 $2,145,665 $2,260,275 $2,271,151 $3,019,704 $3,195,906 (764,143) (765,822) (765,822) (765,822) (765,822) (1,041,190) (1,099,936) (25,376) (18,434) (12,571) (7,748) (7,111) (100,373) (116,459) $1,276,944 $1,222,626 $1,367,272 $1,486,705 $1,498,218 $1,878,141 $1,979,511 11.39% 11.03% 9.35% 9.26% 9.19% 6.41% 9.70% 18.85% 18.48% 14.95% 14.28% 14.11% 10.85% 16.22% 19.19% 18.48% 14.95% 14.35% 14.11% 15.61% 17.39%

Reconciliation of Adjusted Efficiency Ratio (Non-GAAP) logo The adjusted efficiency ratio is a non-GAAP disclosure. We use certain non-GAAP financial measures to provide supplemental information regarding our performance. We believe that presenting the adjusted efficiency ratio provides additional clarity to the users of our financial statements. For the Year Ended December 31, 2017 2022 2023 2024 2025 Three Months Ended September 30, 2025 June 30, 2026 September 30, 2026 Total noninterest expense 140,753 $ 216,555 $ 229,886 $ 233,583 $ 237,265 $ 58,576 $ 114,378 $ 90,480 $ Less: (Recapture of) provision for unfunded loan commitments (400) — (500) (1,250) 2,000 500 4,250 — Less: Acquisition related expenses 2,251 6,013 — — 1,556 — 31,400 8,140 Adjusted noninterest expense 138,902 $ 210,542 $ 230,386 $ 234,833 $ 233,709 $ 58,076 $ 78,728 $ 82,340 $ Net interest income before provision for credit losses 278,930 $ 505,513 $ 487,990 $ 447,347 $ 460,287 $ 115,577 $ 162,415 $ 179,066 $ Add: total noninterest income 42,118 49,989 59,330 54,474 55,171 13,006 17,010 16,494 Total revenue 321,048 $ 555,502 $ 547,320 $ 501,821 $ 515,458 $ 128,583 $ 179,425 $ 195,560 $ Efficiency ratio 43.84% 38.98% 42.00% 46.55% 46.03% 45.56% 63.75% 46.27% Adjusted efficiency ratio, excluding provision for unfunded loan commitments and acquisition related expenses 43.27% 37.90% 42.09% 46.80% 45.34% 45.17% 43.88% 42.10% cbbank.com 58

Reconciliation of Pretax Pre-Provision Income and Tangible Common Equity Ratio (Non-GAAP) Pretax pre-provision income is a Non-GAAP financial measure that represents total revenue less noninterest expense and is calculated before provision for credit losses and income tax expense. For the Year Ended December 31, Three Months Ended Net Income Add: Provision for (recapture of) credit losses Add: Income tax expense Pretax pre-provision income 2022 $ 235,425 10,600 92,922 $ 338,947 2023 $221,435 2,000 93,999 $ 317,434 2024 $ 200,716 (3,000) 70,522 $ 268,238 2025 $ 209,298 (3,500) 72,395 $ 278,193 September 30, 2025 $ 52,586 1,000 16,421 $ 70,007 June 30, 2026 $ 48,261 -.16,786 $ 65,047 September 30, 2026 $ 78,098 (1,000) 27,982 $ 105,080 The tangible common equity ratios are a Non-GAAP financial measures derived from GAAP-based amounts. The following is a reconciliation of tangible book value and tangible common equity in accordance with GAAP, as well as the calculation for tangible common equity ratio. For the Year Ended December 31, Three Months Ended Stockholders' equity Less: Goodwill Less: Intangible assets Tangible book value Total assets Less: Goodwill Less: Intangible assets Tangible assets Common shares issued and outstanding Book value per share Tangible book value per share Tangible common equity ratio 2022 2023 2024 2025 September 30, 2025 June 30, 2026 September 30, 2026 $ 1,948,517 $ 2,077,972 $ 2,186,316 $ 2,295,224 $ 2,282,067 $ 3,169,689 $ 3,130,322 (765,822) (765,822) (765,822) (765,822) (765,822) (1,099,936) (1,099,936) (21,742) (15,291) (9,967) (5,774) (6,654) (117,927) (113,947) $ 1,160,953 $ 1,296,859 $ 1,410,527 $ 1,523,628 $ 1,509,591 $ 1,951,826 $ 1,916,439 $ 16,476,540 $ 16,020,993 $ 15,153,655 $ 15,631,054 $ 15,666,206 $ 21,182,781 $ 20,522,193 (765,822) (765,822) (765,822) (765,822) (765,822) (1,099,936) (1,099,936) (21,742) (15,291) (9,967) (5,774) (6,654) (117,927) (113,947) $ 15,688,976 $ 15,239,880 $ 14,377,866 $ 14,859,458 $ 14,893,730 $ 19,964,918 $ 19,308,310 139,818,703 139,344,981 139,689,686 135,551,799 137,509,649 176,247,135 175,493,977 $ 13.94 $ 14.91 $ 15.65 $ 16.93 $ 16.60 $ 17.98 $ 17.84 $ 8.30 $ 9.31 $ 10.10 $ 11.24 $ 10.98 $ 11.07 $ 10.92 7.40% 8.51% 9.81% 10.25% 10.14% 9.78% 9.93% cbbank.com 59

CVB financial corp. Copy of presentation at www.cbbank.com cbbank com 60

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