EX-99.1 2 d731838dex991.htm EX-99.1

1Q Results 2014 | cbbank.com 39 th Annual Shareholders Meeting May 22 nd 2014 Exhibit 99.1

1Q Results 2014 | cbbank.com Safe Harbor 2 Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company's current business plans and expectations regarding future operating results. These forward- looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, local, regional, national and international economic conditions and events and the impact they may have on us and our customers; ability to attract deposits and other sources of liquidity; supply and demand for real property inventory and periodic deterioration in values of California real estate, both residential and commercial; a prolonged slowdown or decline in construction activity; changes in the financial performance and/or condition of our borrowers; changes in the level of non-performing assets and charge-offs; the cost or effect of acquisitions we may make; the effect of changes in laws and regulations (including laws, regulations and judicial decisions concerning financial reform, taxes, banking capital levels, securities, employment, executive compensation insurance and information security) with which we and our subsidiaries must comply; changes in estimates of future reserve requirements and minimum capital requirements based upon the periodic review thereof under relevant regulatory and accounting requirements, including changes in the Basel Committee framework establishing capital standards for credit, operations and market risk; inflation, interest rate, securities market and monetary fluctuations; changes in government interest rate or monetary policies; changes in the amount and availability of deposit insurance; cyber-security threats including loss of system functionality or theft or loss of Company or customer data; political instability; acts of war or terrorism, or natural disasters, such as earthquakes, or the effects of pandemic diseases; the timely development and acceptance of new banking products and services and perceived overall value of these products and services by users; changes in consumer spending, borrowing and savings habits; technological changes and the expanding use of technology in banking (including the adoption of mobile banking applications); the ability to retain and increase market share, retain and grow customers and control expenses; changes in the competitive environment among financial and bank holding companies and other financial service providers; continued volatility in the credit and equity markets and its effect on the general economy or local business conditions; fluctuations in the price of the Company’s stock; the effect of changes in accounting policies and practices, as may be adopted from time-to-time by the regulatory agencies, as well as by the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard- setters; changes in our organization, management, compensation and benefit plans, and our ability to retain or expand our management team and/or our board of directors; the costs and effects of legal and regulatory developments, including the resolution of legal proceedings or regulatory or other governmental inquiries or investigations and the result of regulatory examinations or reviews; our success at managing the risks involved in the foregoing items and all other factors set forth in the Company's public reports including its Annual Report on Form 10-K for the year ended December 31, 2013, and particularly the discussion of risk factors within that document. 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.

1Q Results 2014 | cbbank.com Senior Leadership Team Name Position Banking Experience CVBF Service Christopher D. Myers President & CEO 30 Years 8 Years Richard C. Thomas Executive Vice President Chief Financial Officer 4 Years 3 Years James F. Dowd Executive Vice President Chief Credit Officer 37 Years 6 Years David C. Harvey Executive Vice President Chief Operations Officer 24 Years 4 Years David A. Brager Executive Vice President Sales Division 26 Years 11 Years R. Daniel Banis Executive Vice President CitizensTrust 32 Years 2 Years Yamynn De Angelis Executive Vice President Chief Risk Officer 35 Years 27 Years Richard Wohl Executive Vice President General Counsel 26 Years 3 Years Elsa Zavala Executive Vice President Chief Information Officer 34 Years 21 Years Larry Zivelonghi Executive Vice President Dairy & Livestock Industries Group 34 Years 21 Years 3

1Q Results 2014 | cbbank.com Senior Leadership Team Name Position Banking Experience CVBF Service Ted Dondanville Senior Vice President Senior Lender 32 Years 16 Years Hector Gutierrez Senior Vice President Deputy Chief Credit Officer 32 Years 3 Years David Krebs Senior Vice President Human Resources 20 Years 11 Years James Mead Senior Vice President Region Manager (Inland Empire) 39 Years 21 Years Michael Mulcahy Senior Vice President Region Manager (Los Angeles) 36 Years 7 Years Tim Noone Senior Vice President Specialty Banking 31 Years 6 Years Mark Richardson Senior Vice President Real Estate Banking Group 24 Years 20 Years Paul Rodeno Senior Vice President Region Manager (San Diego) 31 Years 1 Year Michael Stain Senior Vice President Region Manager (Central Valley) 33 Years 1 Year Ondar Tarlow Senior Vice President The Marketing Group 8 Years NEW Average: Average: 28 Years 28 Years 10 Years 10 Years 4

1Q Results 2014 | cbbank.com Senior Managers Steven Caseldine SVP - Corona Manager Francene LaPoint SVP - Controller Ken Clark SVP - Riverside Manager Thomas Trine SVP - Trust Services Manager Errol Berman SVP - South Bay CBC Manager Mary Hernandez SVP - Specialty Banking Group Greg Armstrong SVP - Upland CBC Manager John Hillier SVP - Specialty Banking Group Duane Keene SVP - Covina Manager Scott Begin SVP – Bakersfield Manager LaVon Short SVP - Treasury Services Manager Terry Naffziger SVP - Asset Based Lending Sue Haynes SVP - Bankcard Services Manager Vince Gottuso SVP - Ontario Airport Manager Michael Duran SVP - Brea Manager Sundeep Mathur SVP – Director of Information Systems Bill Fehlen SVP - International Banking Manager Neal Newman SVP - Burbank CBC Relationship Manager Frank Rozario SVP - Orange County CBC Manager Ron Fields SVP - Chino Manager 5

1Q Results 2014 | cbbank.com

1Q Results 2014 | cbbank.com Source: Q1 2014 earnings release & company filings. CVB Financial Corp. (CVBF) Largest financial institution headquartered in the Inland Empire region of Southern California. Founded in 1974. Locations in 39 cities with 37 business financial centers and 6 commercial banking centers and 3 trust office locations serving the Inland Empire, LA County, Orange County, San Diego County and the Central Valley of California 7 Q1 2013 Q1 2014 Total Assets: $6.3 Billion $6.9 Billion Gross Loans: $3.4 Billion $3.4 Billion Total Deposits (Including Repos): $5.2 Billion $5.7 Billion Net Income: $21.6 Million $28.7 Million Total Equity: $768 Million $809 Million

1Q Results 2014 | cbbank.com Largest Banks Headquartered in California 8 Rank Name Asset Size (3/31/14) 1 Wells Fargo $1,546,707 2 Union Bank $107,237 3 Bank of the West $67,725 4 First Republic Bank $44,346 5 City National Bank $29,718 6 SVB Financial $29,711 7 East West Bank $27,401 8 OneWest Bank $21,799 9 Cathay Bank $11,291 10 CapitalSource Inc.* $9,100 11 11 CVB Financial Corp. CVB Financial Corp. $6,903 $6,903 12 BBCN $6,668 13 Pacific Western Bank* $6,518 14 Farmers & Merchants of Long Beach $5,357 15 Westamerica Bank $4,921 In millions In millions Source: SNL Financial | *CapitalSource merged with Pacific Western Bank (4/7/14)

1Q Results 2014 | cbbank.com Bank Accomplishments & Ratings 148 Consecutive Quarters of Profitability 98 Consecutive Quarters of Cash Dividends #8 Rated Bank: BankDirector Magazine Bank Performance Scorecard (August 2013) BauerFinancial Report Five Star Rating (December 2013) Fitch Rating BBB (September 2013)

1Q Results 2014 | cbbank.com Our Markets

Existing Locations* 11 Corporate Office Business Financial Centers Commercial Banking Centers CitizensTrust San Diego Opening 2014 3/31/13 3/31/14 Business Financial Centers 40 37 Commercial Banking Centers 5 6 CitizensTrust Locations 3 3

1Q Results 2014 | cbbank.com Deposits* (000’s) # of Center Locations Total Deposits (3/31/13) Total Deposits (3/31/14) Los Angeles County 17 $1,818,916 $1,959,624 Inland Empire (Riverside & San Bernardino Counties) 9 $1,698,844 $1,948,785 Central Valley 9 $834,170 $870,202 Orange County 8 $572,867 $705,761 Other 0 $261,479 $253,216 Total 43 $5,186,276 $5,737,588 *Includes Customer Repurchase Agreements; Balance as of balance sheet date Average Cost of Deposits (year to date) 0.12% 0.12% 10.6%

1Q Results 2014 | cbbank.com Non-Interest Bearing Deposits

1Q Results 2014 | cbbank.com Total Loans* as of 03/31/2014 *Prior to MTM discount and loan loss reserve (Includes loans Held for Sale)

1Q Results 2014 | cbbank.com 15 Loan Portfolio Composition Total Loans by Type Total Loans by Type Source: Q1 2014 earnings release & company reports |Covered & Non Covered

1Q Results 2014 | cbbank.com Total Loans* *Before deferred loan fees, discount, and loans held for sale

1Q Results 2014 | cbbank.com 2013 Loan Initiatives 17 Covered and Non-Covered Loans | *Total Loan Growth for Residential RE Direct, Multifamily and Asset Based Lending

1Q Results 2014 | cbbank.com 2014 New/Enhanced Lending Initiatives • Agribusiness • Construction Lending • Equipment Lending/Leasing 18

1Q Results 2014 | cbbank.com Profits

1Q Results 2014 | cbbank.com Net Income Net Income After Taxes $20.4 million FHLB prepayment charge

1Q Results 2014 | cbbank.com Earnings 21 Last four quarters = $102,654 Last four quarters = $102,654

1Q Results 2014 | cbbank.com Net Interest Margin 22 *Normalized excludes accelerated accretion on covered loans Normalized*

1Q Results 2014 | cbbank.com Capital

1Q Results 2014 | cbbank.com Capital Ratios 24 * CVB Financial Corp. – Consolidated

1Q Results 2014 | cbbank.com Total Shareholders’ Equity 25

1Q Results 2014 | cbbank.com Securities & Investments

1Q Results 2014 | cbbank.com Source: Q1 2014 earnings release. As of 3/31/2014 securities held-to-maturity were valued at approximately $1.7 million | Yield on securities represents the fully taxable equivalent *Securities Available For Sale Yield on securities portfolio = 2.67% for the 1 st Quarter 2014 Securities Portfolio* --$2.75 Billion-- Securities portfolio totaled $2.75 billion at 3/31/2014. The portfolio represents 39.9% of the Bank’s total assets Virtually all of the Bank’s mortgage-backed securities were issued by Freddie Mac or Fannie Mae which have the implied guarantee of the U.S. government. 98% of the Bank’s municipal portfolio contains securities which have an underlying rating of investment grade. California municipals represent only 4% of the municipal bond portfolio

1Q Results 2014 | cbbank.com Securities Portfolio* $2.75 Billion Mark-to-Market (Pre-tax) *Securities Available For Sale

1Q Results 2014 | cbbank.com CVBF Assets 29 *Includes overnight funds held at the Federal Reserve, Interest earning - due from Correspondent Banks, other short-term money market accounts or certificates of deposit 3/31/14 $6.9 Billion 12/31/06 $6.1 Billion

1Q Results 2014 | cbbank.com Yield on Securities vs. Yield on Loans *Excluding Discount Accretion

1Q Results 2014 | cbbank.com CVBF Liabilities 12/31/06 $5.7 Billion 3/31/14 $6.1 Billion *Includes Customer Repurchase Agreements

1Q Results 2014 | cbbank.com May 2014 -Shareholder Update- 32

1Q Results 2014 | cbbank.com CVBF Stock Price 33 $10.38 Shareholders Meeting 05/18/10 $9.22 Shareholders Meeting 05/18/11 $11.35 Shareholders Meeting 05/15/13 $6.56 Shareholders Meeting 05/13/09 $11.07 Shareholders Meeting 05/16/12 $14.62 05/22/14

1Q Results 2014 | cbbank.com American Security Bank Acquisition 34

1Q Results 2014 | cbbank.com Overview of American Security Bank Overview Overview Profitability Metrics Profitability Metrics (LTM as of 12/31/13) (LTM as of 12/31/13) Balance Sheet Balance Sheet (12/31/13) (12/31/13) Headquarters Newport Beach, CA Establishment Date 1990 Total Branches 5 Net Income (S-Corp, $000s) $2,939 Net Interest Margin 3.71% Efficiency Ratio 83.63% ROAA (S-Corp,%) 0.71% ROATE (S-Corp,%) 6.85% Total Assets ($000s) $412,295 Total Loans ($000s) $252,605 Total Deposits ($000s) $356,203 Total Equity ($000s) $55,039 Tangible Equity ($000s) $42,774 TCE/TA 10.69% Tier 1 Leverage Ratio 10.76% Total RBC Ratio 16.76% Loan / Deposit Ratio 70.92%

1Q Results 2014 | cbbank.com Pro Forma Branch Map

1Q Results 2014 | cbbank.com Transaction Summary & Pro Forma Assumptions • • $57.0 million $57.0 million • • 133% Tangible Equity 133% Tangible Equity • • 4.3% Core Deposit Premium 4.3% Core Deposit Premium Valuation Valuation • • 100% cash 100% cash Consideration Consideration • • May 15th, 2014 May 15th, 2014 Acquisition Date Acquisition Date • 40%+ of American Security noninterest expense base Estimated Cost Savings Estimated Cost Savings Pro Forma Assumptions Pro Forma Assumptions • • 5% EPS Accretion (estimated) 5% EPS Accretion (estimated) 2015e EPS 2015e EPS

1Q Results 2014 | cbbank.com --2014 & Beyond— Our Growth Strategy

1Q Results 2014 | cbbank.com Our Mission 39 “The mission of CVB Financial Corp. is to achieve superior performance and rank in the top 10% 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 in the Inland Empire, Los Angeles County, Orange County, San Diego County and the Central Valley areas of California. It will be supported by an unqualified commitment to our five core values.”

1Q Results 2014 | cbbank.com Five Core Values 40 1. Financial Strength 2. Superior People 3. Customer Focus 4. Cost Effective Operation 5. Having Fun

1Q Results 2014 | cbbank.com Our Vision 41 Citizens Business Bank will strive to become the dominant financial services company operating throughout the state of California, servicing the comprehensive financial needs of successful small to medium sized businesses and their owners.

1Q Results 2014 | cbbank.com Target Customer The best privately-held and/or family-owned businesses throughout California Annual revenues of $1-200 million Top 25% in their respective industry Full relationship banking Build 20-year relationships 42

1Q Results 2014 | cbbank.com Three Areas of Growth 43

1Q Results 2014 | cbbank.com • Target size: $200 million to $2 billion in assets • Financial & Strategic • In-market and/or adjacent geographic market (California only) Acquisition Strategy --Banks-- --Banks-- --Trust/Investment-- --Trust/Investment-- • Target size: AUM of $200 million to $1 billion • In California --Banking Teams-- --Banking Teams-- • In- market & ‘new’ markets

1Q Results 2014 | cbbank.com Our 2014 ‘Critical Few’ • • Execute on DeNovo Growth Initiatives Execute on DeNovo Growth Initiatives • • Pursue Strategic Acquisitions Pursue Strategic Acquisitions • • Quality Loan Growth Quality Loan Growth • • Provide Customer Solutions Through Technology Provide Customer Solutions Through Technology • • Expand Market Share Through Same Store Sales Expand Market Share Through Same Store Sales

1Q Results 2014 | cbbank.com Copy of presentation at www.cbbank.com