CVB Financial net income falls 4.6% to $48.3M as Heritage acquisition adds $5.4B assets

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Completed Heritage Commerce Corp acquisition April 17, 2026 for $845.5M in stock, adding $5.4B in assets, $3.4B in loans, $4.7B in deposits, and 16 banking centers. Recorded $334.1M goodwill and $116.6M core deposit intangible.

  MD&A: Heritage acquisition verify on EDGAR →
• high

  Net interest margin expanded 41 basis points to 3.72% from 3.31% in Q2 2025, driven by a 34 basis point increase in earning-asset yields and $4.0B in average interest-earning assets from Heritage. Excluding acquisition costs, adjusted efficiency ratio improved to 43.88% from 45.55%.

  MD&A: NIM expansion verify on EDGAR →
• high

  ROAE fell to 6.41% from 9.06%, ROATCE to 10.85% from 14.08%, and ROAA to 0.97% from 1.34% in Q2 2025, reflecting acquisition expenses and the dilutive impact of $450.7M in intangible assets recorded in the Heritage transaction.

  MD&A: Return metrics verify on EDGAR →