CVB Financial Q2 FY26 net income falls 5.37% to $48.3 million - CVBF News | RalliesCVB Financial Q2 FY26 net income falls 5.37% to $48.3 million
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CVBF• Quarterly results and acquisition impact
- CVB Financial posted Q2 net income of $48.3 million, down 5.37% from Q1; diluted EPS fell to $0.29 from $0.38.
- Net interest income climbed 37.83% from Q1 to $162.4 million; net interest margin widened 28 basis points to 3.72%.
- Total assets rose 36.6% from March 31 to $21.18 billion, reflecting the April 17 close of the Heritage Commerce acquisition.
- Noninterest expense jumped to $114.4 million from $60.6 million, including $31.4 million of acquisition costs.
- The board launched a new buyback for up to 15,000,000 shares; CEO David Brager said the Heritage merger is the largest in company history.
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