Cvb Financial Corp

1 David Brager, Chief Executive Officer of the Company, commented, “Our consistent financial performance is highlighted by our 197 consecutive quarters, or 49 years, of profitability, and our 147 consecutive quarters of paying cash dividends.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

The increase in interest income was offset by a $7.1 million increase in interest expense attributable to a $2.83 billion increase in average interest-bearing deposits and customer repurchase agreements.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

Cost of funds remained stable at 0.96% for the second quarter of 2026 compared to 0.97% in the first quarter of 2026, reflecting a 24 basis points decrease in the cost of FHLB borrowing, offset by a five basis point increase in our cost of deposits to 0.83%, from 0.78%.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

This decrease was driven by a 35 basis point reduction in cost of interest-bearing deposits and a 29 basis point decrease in cost of FHLB borrowing.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

The average balance on interest-bearing deposits and customer repurchase agreements increased by $2.38 billion from the first quarter of 2026 and increased by $2.83 billion from the second quarter of 2025.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

Deposits & Customer Repurchase Agreements Deposits of $16.29 billion and customer repurchase agreements of $563.4 million totaled $16.85 billion at June 30, 2026, compared to $12.44 billion at March 31, 2026, $12.56 billion at December 31, 2025, and $12.39 billion at June 30, 2025.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

I would like to thank our customers and associates for their continued commitment and loyalty, as well as our associates for the outstanding efforts and commitment to the successful systems conversion completed in June Brager continued, the merger with Heritage Bank of Commerce marks the most strategic and largest acquisition by asset size in our history, bringing together two premier, relationship focused business banks and advancing our longstanding objective of expanding Citizens throughout California.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

With the systems integration behind us, we will continue to focus on our vision of serving the comprehensive financial needs of small to medium sized businesses and their owners.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

As part of the Company's balance sheet management strategy to improve portfolio yields and reduce asset duration, approximately $490 million of securities acquired from Heritage were sold at close of the merger and reinvested in lower duration securities at an average yield of approximately 4.70%.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

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.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

com 8 Company logo Relationship Banking Strategy Customer Marketing Relationship Manager (Bank) Credit Management Division Agribusiness Asset Based Lending C-PACE Lending Construction Lending Government Services Specialty Banking Merchant Bankcard Treasury Management Citizens Equipment Financing International CitizensTrust Real Estate Banking SBA Citizens Home Lending Dairy & Livestock Title Escrow Receivers & Fiduciaries Property Management Homeowner Association Deposit Services Wealth Management Trust Investment Services Loan Brokerage cbbank.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

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.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

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.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

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.

SEC original ↗Cvb Financial Corp — Earnings release (8-K exhibit)EX-99Jul 23, 2026

LEGAL PROCEEDINGS 77 ITEM 1A.

SEC original ↗Cvb Financial Corp — 10-Q Quarterly report10-QAug 7, 2026

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.

SEC original ↗Cvb Financial Corp — 10-Q Quarterly report10-QAug 7, 2026