CVBFCVB FINANCIAL CORP
State Commercial Banks · $4.0B market cap · 1,079 employees
0.6×
Less likely than average to be taken private
Top 31% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
3of 15 firedHow well they predict deals →
- TSR below peersYes4 of 5 years3+ of last 5 years
- Net cashYesNet cash · 2.8× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$4.0B market capMarket cap $500M–$5B
12 other checks
- High CEO pay despite TSRNo$3M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo106% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo87% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo5% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.9 per 10K words · 54th pctBottom quartile of AI mentions in 10-Ks
- Recurring revenueNo4 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo1 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$3M netNet sales over $10M in 12 months
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| May 8, 2018 | DEFM14A | — | $56.00 | 26.47% |
Key numbers
- Revenue
- —
- Operating margin
- —
- EBITDA
- $319M
- 0.4% YoY
- Net debt / EBITDA
- -2.8×
- −$904M net debt
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Operating income | — | $300K | $314M | $314M | $314M | 0.0% |
| Net income | $213M | $235M | $221M | $201M | $209M | 4.3% |
| Operating cash flow | $195M | $274M | $296M | $250M | $221M | 11% |
| Capex | $5M | $5M | $5M | $5M | $4M | 21% |
| Stock-based comp | $5M | $8M | $9M | $10M | $6M | 39% |
| Buybacks | $8M | $46M | $21M | $3M | $81M | 2780% |
| Dividends | $98M | $104M | $112M | $112M | $111M | 0.8% |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Feb 11, 2021 | Marital Trust under The George Borba Family Trust | SC 13D | 5.2% | Passive |
Insider trading
+$3Mnet buying by insiders, open market, last 12 months
Bought $4M · 7 tradesSold $918K · 1 trade
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $4M | 116 | 153 |
| FY2024 | $3M | $3M | 129 | 143 |
| FY2023 | $3M | $2M | 115 | 127 |
| FY2022 | $3M | $4M | 141 | 127 |
| FY2021 | $3M | $3M | 114 | 137 |