XML 64 R53.htm IDEA: XBRL DOCUMENT v3.24.0.1

Condensed Financial Information of Parent Company (Tables)

12 Months Ended

Dec. 31, 2023

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,
		2023				2022
		(Dollars in thousands)
Assets
Investment in subsidiaries		$	2,061,860			$	1,930,702
Other assets, net			60,177				46,557
Total assets		$	2,122,037			$	1,977,259
Liabilities		$	31,376			$	28,742
Stockholders’ equity			2,090,661				1,948,517
Total liabilities and stockholders’ equity		$	2,122,037			$	1,977,259

Condensed Statements of Earnings

CVB FINANCIAL CORP.

CONDENSED STATEMENTS OF EARNINGS

		Year Ended December 31,
		2023				2022				2021
		(Dollars in thousands)
Equity in net earnings of subsidiaries		$	99,932			$	45,512			$	88,099
Dividends from the Bank			127,000				195,000				129,000
Other expense, net			7,192				(5,087	)			(4,578	)
Net earnings		$	234,124			$	235,425			$	212,521

Condensed Statements of Cash Flows

CVB FINANCIAL CORP.

CONDENSED STATEMENTS OF CASH FLOWS

		Year Ended December 31,
		2023				2022				2021
		(Dollars in thousands)
Cash Flows from Operating Activities
Net earnings		$	234,124			$	235,425			$	212,521
Adjustments to reconcile net earnings to cash used in    operating activities:
Earnings of subsidiaries			(226,932	)			(240,512	)			(217,099	)
Tax settlement received from the Bank			2,265				—				7,659
Stock-based compensation			9,439				7,901				5,183
Other operating activities, net			(1,797	)			(1,136	)			(888	)
Total adjustments			(217,025	)			(233,747	)			(205,145	)
Net cash provided by operating activities			17,099				1,678				7,376
Cash Flows from Investing Activities
Dividends received from the Bank			127,000				195,000				129,000
Net cash provided by investing activities			127,000				195,000				129,000
Cash Flows from Financing Activities
Repayment of junior subordinated debentures			—				—				(25,774	)
Cash dividends on common stock			(111,686	)			(104,439	)			(97,733	)
Proceeds from exercise of stock options			210				1,923				1,277
Repurchase of common stock			(21,216	)			(46,330	)			(8,337	)
Repurchase of common stock, ASR			—				(70,000	)			—
Net cash used in financing activities			(132,692	)			(218,846	)			(130,567	)
Net increase (decrease) in cash and cash equivalents			11,407				(22,168	)			5,809
Cash and cash equivalents, beginning of period			39,285				61,453				55,644
Cash and cash equivalents, end of period		$	50,692			$	39,285			$	61,453

X

- References

No definition available.

+ Details

Name:	srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

+ Details

Name:	srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

+ Details

Name:	srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

+ Details

Name:	srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration