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ONTARIO, Calif., March 29, 2023 (GLOBE NEWSWIRE) — CVB Financial Corporation (NASDAQ: CVBF ), owner of Citizens Business Bank, has been ranked the third best performing public bank by assets by S&P Global Market Intelligence. Over $10 billion in the United States by 2022.
S&P Global Market Intelligence recently released its annual ranking of the best-performing U.S. public banks with assets over $10 billion. Ontario, California-based CVB Financial Corp. ranked third overall and was the only bank to score better than the industry median for the seven measures included in the rankings in an analysis of the top 50 U.S. public banks.
“It is an honor to be recognized as one of the top three banks in the country by S&P Global Market Intelligence,” said David A. Brager, president and CEO of CVB Financial Corporation and Citizens Business Bank. “Citizens Business Bank continues to be a stable and reliable business partner for our customers, providing a wide range of financial services through various economic cycles. Our continued success can be attributed to the strength and loyalty of our customers, our strong financial position and the commitment and talent of our partners.”
To confirm the rating, S&P Global Market Intelligence Financial performance that will drive US public banks to more than $10 billion in total assets by 2022.
Corporate overview
CVB Financial Corporation (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with total assets of over $16 billion. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide range of banking, lending and investment services serving California through more than 60 banking centers and 4 trusted office locations.
Shares of CVB Financial Corporation are listed on NASDAQ under the symbol “CVBF”. For investor information about CVB Financial Corporation, visit Citizens Business Bank’s website at www.cbbank.com and click on the “Investors” tab.
This presentation Contains forward-looking statements intended to be covered by the safe harbor for statements provided by the Private Securities Litigation Reform Act of 1995. Citizens Business Bank (collectively, the “Company”) is subject to significant risks and uncertainties that could cause actual results or performance to differ materially from those projected. You should not rely too much on these statements. Factors that could cause the Company’s actual results to differ materially from those expressed in forward-looking statements include, among others, changes in the U.S. economy or local, regional and global business, economic and political conditions, laws or regulatory environment, including commercial, monetary and fiscal policies and laws. changes; inflation or inflation, interest rates, market and currency fluctuations; the results of purchases we have made or made; changes in the competitive environment, including technological changes; cyber security and fraud threats; changes in the commercial and residential real estate markets; Threats of terrorist or military actions, catastrophic events or natural disasters, such as earthquakes, droughts, epidemics, climate change and extreme weather; and unexpected legal or regulatory proceedings. These factors include those included in the Company’s filing with the Securities and Exchange Commission, including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. These forward-looking statements are speaking only. They are based only on the information known to the company’s officials who provide the relevant statements as of the date of issuance. The Company does not undertake to update any forward-looking statements except as required by law.
Contact: David A. Bragger
President and CEO
(909) 980-4030
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