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Condensed Financial Information of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | The following tables provide the parent company only condensed balance sheets, condensed statements of earnings and condensed statements of cash flows for the periods presented. CVB FINANCIAL CORP. CONDENSED BALANCE SHEETS
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (Dollars in thousands) |
Assets |  |  |  |  |  |
Investment in subsidiaries |  | $ | 1,930,702 |  |  | $ | 2,038,948 |
Other assets, net |  |  | 46,557 |  |  |  | 67,998 |
Total assets |  | $ | 1,977,259 |  |  | $ | 2,106,946 |
Liabilities |  | $ | 28,742 |  |  | $ | 25,443 |
Stockholders’ equity |  |  | 1,948,517 |  |  |  | 2,081,503 |
Total liabilities and stockholders’ equity |  | $ | 1,977,259 |  |  | $ | 2,106,946 |
Condensed Statements of Earnings | CVB FINANCIAL CORP. CONDENSED STATEMENTS OF EARNINGS
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (Dollars in thousands) |
Equity in net earnings of subsidiaries |  | $ | 45,512 |  |  | $ | 88,099 |  |  | $ | (34,936 | )
Dividends from the Bank |  |  | 195,000 |  |  |  | 129,000 |  |  |  | 217,000 |
Other expense, net |  |  | (5,087 | ) |  |  | (4,578 | ) |  |  | (4,905 | )
Net earnings |  | $ | 235,425 |  |  | $ | 212,521 |  |  | $ | 177,159 |
Condensed Statements of Cash Flows | CVB FINANCIAL CORP. CONDENSED STATEMENTS OF CASH FLOWS
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (Dollars in thousands) |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 235,425 |  |  | $ | 212,521 |  |  | $ | 177,159 |
Adjustments to reconcile net earnings to cash used in operating activities: |  |  |  |  |  |  |  |  |
Earnings of subsidiaries |  |  | (240,512 | ) |  |  | (217,099 | ) |  |  | (182,064 | )
Tax settlement received from the Bank |  |  | — |  |  |  | 7,659 |  |  |  | — |
Stock-based compensation |  |  | 7,901 |  |  |  | 5,183 |  |  |  | 5,529 |
Other operating activities, net |  |  | (1,136 | ) |  |  | (888 | ) |  |  | (2,018 | )
Total adjustments |  |  | (233,747 | ) |  |  | (205,145 | ) |  |  | (178,553 | )
Net cash provided by (used in) operating activities |  |  | 1,678 |  |  |  | 7,376 |  |  |  | (1,394 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |
Dividends received from the Bank |  |  | 195,000 |  |  |  | 129,000 |  |  |  | 217,000 |
Net cash provided by investing activities |  |  | 195,000 |  |  |  | 129,000 |  |  |  | 217,000 |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |
Repayment of junior subordinated debentures |  |  | — |  |  |  | (25,774 | ) |  |  | — |
Cash dividends on common stock |  |  | (104,439 | ) |  |  | (97,733 | ) |  |  | (98,475 | )
Proceeds from exercise of stock options |  |  | 1,923 |  |  |  | 1,277 |  |  |  | 231 |
Repurchase of common stock |  |  | (46,330 | ) |  |  | (8,337 | ) |  |  | (92,772 | )
Repurchase of common stock, ASR |  |  | (70,000 | ) |  |  | — |  |  |  | — |
Net cash used in financing activities |  |  | (218,846 | ) |  |  | (130,567 | ) |  |  | (191,016 | )
Net (decrease) increase in cash and cash equivalents |  |  | (22,168 | ) |  |  | 5,809 |  |  |  | 24,590 |
Cash and cash equivalents, beginning of period |  |  | 61,453 |  |  |  | 55,644 |  |  |  | 31,054 |
Cash and cash equivalents, end of period |  | $ | 39,285 |  |  | $ | 61,453 |  |  | $ | 55,644 |

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