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Get filing alertsCVB Financial authorizes $15M share buyback, replacing prior program with 5.7M shares left
Filed June 15, 2026 · Period ending June 15, 2026 · ~1 min read
Key Changes
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Board approved new program to repurchase up to 15 million shares over five years through open market purchases, private transactions, or Rule 10b5-1 plans.
Item 8.01 verify on EDGAR → -
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New program replaces 2024 buyback authorization that had 5.7 million shares remaining, representing a significant expansion of capital return capacity.
Item 8.01 verify on EDGAR → -
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Program expires June 15, 2031 or when all 15 million shares are repurchased, whichever comes first, giving management flexibility on timing.
Item 8.01 verify on EDGAR →
Summary
CVB Financial Corp., the holding company for Citizens Business Bank, announced a new share repurchase program authorizing the buyback of up to 15 million shares over the next five years. This replaces the company's 2024 program, which still had 5.7 million shares available before being terminated.
The expansion signals management's confidence in the company's capital position and commitment to returning value to shareholders. For retail investors, this is a positive development. Share buybacks reduce the number of outstanding shares, potentially increasing earnings per share and supporting the stock price.
The five-year timeframe gives management flexibility to execute buybacks when shares are attractively priced or when excess capital is available. Watch for quarterly disclosures about actual repurchase activity. The pace and timing of buybacks will reveal how aggressively management pursues this program and whether they view current share prices as attractive. Also monitor whether the company maintains its dividend while executing buybacks, as this would demonstrate strong capital generation.
Section-by-Section Diff
Event · Item 8.01 — Other Events
CVB Financial authorized a new $15M share repurchase program, replacing the prior 2024 program with 5.7M shares remaining.
Added in current filing · verify on EDGAR →
This 2026 Repurchase Program replaces in its entirety the Company’s previous 2024 share repurchase program under which 5,678,223 shares remained available for repurchase and which has now been terminated.
The new 2026 program completely replaces the prior 2024 share repurchase program, which had approximately 5.7 million shares still available for repurchase before being terminated. This represents a significant expansion of the company's capital return capacity.
Added in current filing · verify on EDGAR →
The 2026 Repurchase Program terminates on the earlier of the repurchase of the Maximum Amount or five years from the date of authorization.
The repurchase program will end either when all 15 million shares have been repurchased or on June 15, 2031, whichever comes first. This gives the company flexibility in timing the buybacks based on market conditions and capital needs.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 15, 2026 · How we verify