On this page of StockholderLetter.com we present the latest annual shareholder letter from CVB FINANCIAL CORP — ticker symbol CVBF. Reading current and past CVBF letters to shareholders can bring important insights into the investment thesis.
2025 SUMMARY ANNUAL REPORT
America s Best Banks1 Forbes, 2026 Five-Star Superior Rating BauerFinancial, 2025 Super Premier Performing Bank Findley Reports, 2025 BBB+ Stable Rating Outlook Fitch Ratings, 2025 $209.3 195 145 Million Consecutive Net Earnings Quarters of .+ 0 %(%05 Consecutive Quarters of Cash Dividends Paid Over 48 Years Over 36 Years %* * % ( +., %/ 0$! $+( %*# +), *5 "+. %0%6!*/ 1/%*!// *' 1 CVB Fina Financial F nciall Corp. ncia Corp. 2025 202 | 1
1. 0+.5 Since 1974, Citizens Business Bank has been creating banking relationships by focusing on our customers and helping them achieve more for their business, their employees, and the communities they serve. Our founder, George A. Borba Sr., was an enterprising dairy farmer and small business owner from Southern California. George saw a need to support other business owners in his community by helping them preserve and enhance the value of their companies. He shared his vision with a group of local business leaders who cared deeply about their community, and together they set out to design a new banking experience. Chino Valley Bank was established in August of 1974. More than 50 years later, Citizens Business *' $ / #.+3* 0+ )+.! 0$ * %((%+* %* //!0/ 3%0$ +2!. *'%*# (+ 0%+*/ * 0.1/0 + !/ throughout California. We changed our name to Citizens Business Bank along the way, but we still hold true to our original vision. We are proud to be in the position to assist entrepreneurs with opportunities to foster and grow their businesses. Our customers success is our success. We are able to build long-standing relationships with each customer by treating them the way we would want to be treated. In fact, many of our customers have banked with us for decades. Our unwavering commitment to our Five Core Values of Financial Strength, Superior People, Customer + 1/ +/0 ! 0%2! ,!. 0%+* * 2%*# 1* %/ 0$! .! /+* 3! .! +*/%/0!*0(5 .! +#*%6! / +*! of the top-performing banks in the nation. Our Vision %0%6!*/ 1/%*!// *' 3%(( /0.%2! 0+ ! +)! 0$! ,.!)%!. * * % ( /!.2% !/ +), *5 +,!. 0%*# 0$.+1#$+10 0$! /0 0! +" (%"+.*% /!.2%*# 0$! +),.!$!*/%2! * * % ( *!! / +" /1 !//"1( /) (( 0+ medium-sized businesses and their owners. Our Mission The mission of Citizens Business Bank is to achieve superior performance and rank in the top ten ,!. !*0 +" (( * * % ( %*/0%010%+*/ %* 0$! * 0%+* %* .!01.* +* !-1%05 * .!01.* +* //!0/ $%/ 3%(( ! $%!2! 5 !(%2!.%*# 0$! *!/0 %* * * % ( ,.+ 1 0/ * /!.2% !/ 0$.+1#$ .!( 0%+*/$%, *'%*# commitments with businesses and professionals throughout California. It will be supported by an 1*-1 (% ! +))%0)!*0 0+ +1. %2! +.! (1!/ +" %* * % ( 0.!*#0$ 1,!.%+. !+,(! 1/0+)!. + 1/ +/0 ! 0%2! ,!. 0%+* * 2%*# 1* 2 | CVB Financial Corp. 2025
Table of Contents Board of Directors 4 2025 in Review 5 Financial Highlights 7 Valued Customers 11 Services 25 Community Commitment 31 Leadership Team 36 Financial Summary 38 Locations 42 Corporate Information 44 CV Fina CV CVB Financial na ancia nc n cial Corp. Co orp. rrp p 2025 025 25 5 | 3
 • shareholder letter icon 4/6/2026 Letter Continued (Full PDF)
 • stockholder letter icon 4/3/2023 CVBF Stockholder Letter
 • stockholder letter icon 4/1/2024 CVBF Stockholder Letter
 • stockholder letter icon 4/8/2025 CVBF Stockholder Letter
 • stockholder letter icon More "Banking & Savings" Category Stockholder Letters
 • Benford's Law Stocks icon CVBF Benford's Law Stock Score = 80


CVBF Shareholder/Stockholder Letter Transcript:

2025 SUMMARY
ANNUAL REPORT


America   s Best Banks1
Forbes, 2026
Five-Star Superior Rating
BauerFinancial, 2025
Super Premier
Performing Bank
Findley Reports, 2025
BBB+
Stable Rating Outlook
Fitch Ratings, 2025
$209.3
195
145
Million
Consecutive
Net
Earnings
Quarters of
 .+  0  %(%05
Consecutive
Quarters of Cash
Dividends Paid
Over 48 Years
Over 36 Years
       %* * % (   +.,   %/ 0$! $+( %*#  +), *5 "+.   %0%6!*/   1/%*!//    *'          
1
CVB Fina
Financial
F
nciall Corp.
ncia
Corp. 2025
202
| 1

 1.  0+.5
Since 1974, Citizens Business Bank has been creating banking relationships by focusing on our
customers and helping them achieve more for their business, their employees, and the communities
they serve. Our founder, George A. Borba Sr., was an enterprising dairy farmer and small business owner
from Southern California. George saw a need to support other business owners in his community by
helping them preserve and enhance the value of their companies. He shared his vision with a group of
local business leaders who cared deeply about their community, and together they set out to design
a new banking experience.
Chino Valley Bank was established in August of 1974. More than 50 years later, Citizens Business
   *' $ / #.+3* 0+ )+.! 0$ *         %((%+* %*  //!0/ 3%0$ +2!.        *'%*# (+  0%+*/  *     0.1/0 +   !/ 
throughout California. We changed our name to Citizens Business Bank along the way, but we still
hold true to our original vision.
We are proud to be in the position to assist entrepreneurs with opportunities to foster and grow their
businesses. Our customers    success is our success. We are able to build long-standing relationships
with each customer by treating them the way we would want to be treated. In fact, many of our
customers have banked with us for decades.
Our unwavering commitment to our Five Core Values of Financial Strength, Superior People, Customer
 + 1/     +/0     ! 0%2!  ,!. 0%+*    *    2%*#  1* %/ 0$! .! /+* 3!  .!  +*/%/0!*0(5 .! +#*%6!   / +*! 
of the top-performing banks in the nation.
Our Vision
  %0%6!*/    1/%*!//     *'  3%((  /0.%2!  0+   ! +)!  0$!  ,.!)%!.    * * % (  /!.2% !/   +), *5  +,!. 0%*# 
0$.+1#$+10 0$! /0 0! +"    (%"+.*%    /!.2%*# 0$!  +),.!$!*/%2!   * * % ( *!! / +" /1  !//"1( /) (( 0+ 
medium-sized businesses and their owners.
Our Mission
The mission of Citizens Business Bank is to achieve superior performance and rank in the top ten
,!. !*0  +"   ((    * * % (  %*/0%010%+*/  %*  0$!  * 0%+*  %*  .!01.*  +*  !-1%05   *   .!01.*  +*   //!0/     $%/  3%(( 
 !   $%!2!   5  !(%2!.%*# 0$!   *!/0 %*   * * % ( ,.+ 1 0/  *  /!.2% !/ 0$.+1#$ .!( 0%+*/$%,   *'%*# 
commitments with businesses and professionals throughout California. It will be supported by an
1*-1 (%  !   +))%0)!*0 0+ +1.  %2!   +.!   (1!/ +"  %* * % (  0.!*#0$    1,!.%+.  !+,(!     1/0+)!. 
 + 1/     +/0     ! 0%2!  ,!. 0%+*    *    2%*#  1*  
2 |
CVB Financial Corp. 2025

Table of Contents
Board of Directors
4
2025 in Review
5
Financial Highlights
7
Valued Customers
11
Services
25
Community Commitment
31
Leadership Team
36
Financial Summary
38
Locations
42
Corporate Information
44
CV Fina
CV
CVB
Financial
na
ancia
nc
n
cial Corp.
Co
orp.
rrp
p 2025
025
25
5
| 3


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