CVB Financial Corporation (NASDAQ:CVBF) Q3 2023 Earnings Conference Call October 26, 2023 10:30 AM ET

Company Participants

David Brager - President, CEO & Director

Allen Nicholson - EVP & CFO

Conference Call Participants

Matthew Clark - Piper Sandler & Co.

Kelly Motta - KBW

Gary Tenner - D.A. Davidson & Co.

Christina Carrabino - CLC Communications & Consulting

Timothy Coffey - Janney Montgomery Scott

Operator

Good morning, ladies and gentlemen, and welcome to the Third Quarter 2023 CVB Financial Corporation and its subsidiary Citizens Business Bank Earnings Conference Call. My name is Cherie, and I am your operator for today. [Operator Instructions].

I would now like to turn the presentation over to your host for today's call, Christina Carrabino. You may proceed.

David Brager

It looks like Christina may have some technical difficulties. Cherie, can you hear us okay?

Christina Carrabino

I'm on the line now.

David Brager

Okay. Go ahead, Christina.

Christina Carrabino

Thank you, Cherie, and good morning, everyone. Thank you for joining us today to review our financial results for the third quarter of 2023. Joining me this morning are Dave Brager, President and Chief Executive Officer; and Allen Nicholson, Executive Vice President and Chief Financial Officer.

Our comments today will refer to the financial information that was included in the earnings announcement released today. To obtain a copy, please visit our website at www.cbbank.com and click on the Investors tab.

The speakers on this call claim the protection of the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. For a more complete discussion of the risks and uncertainties that may cause actual results to differ materially from our forward-looking statements, please see the company's annual report on Form 10-K for the year ended December 31, 2022, and in particular, the information set forth in Item 1A, Risk Factors therein. For a more complete version of the company's safe harbor disclosure, please see the company's earnings release issued in connection with this call.

Now I will turn the call over to Dave Brager. Dave?

David Brager

Thank you, Christina, and good morning, everyone. For the third quarter of 2023, we reported net earnings of $57.9 million or $0.42 per share, representing our 186th consecutive quarter of profitability. We previously declared a $0.20 per share dividend for the third quarter of 2023, representing our 136th consecutive quarter of paying a cash dividend to our shareholders.