Cvb Financial Corporation · NASDAQ:CVBF
Cvb Financial — Investor Presentation (February 2009)
18 slides from Cvb Financial's investor presentation, Feb 26, 2009
Slide 1: Safe Harbor
1 Safe Harbor Certain matters set forth herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company's current business plan and expectations regarding future operating results. T
Slide 2: Company overview
Headquarters Ontario, California Origin August 9, 1974 Business Financial Centers 43 Commercial Banking Centers 4 Assets $6.6 Billion Deposits $3.5 Billion Loans $3.7 Billion Market Capitalization $991 Million 2
Slide 3: Rankings and awards
U.S. Banker Magazine (2008) 6th Ranked Bank in the Nation (3-year ROE) U.S. Banker Magazine (2007) Top Business Bank in the Nation 15th Ranked Bank in the Nation America's Finest Companies investment directory # 318 out of 19,000 U.S. public companies. Bank Director Magazine 14th Ranked Bank in the
Slide 4: Earnings before securities gains and losses
*Earnings before securities gains & losses, OREO gains & losses, provisions for OREO & loan losses, provision for unfunded commitments, and income taxes. 4
Slide 5: Loan Portfolio: Performance
Loan Portfolio: Performance 6months 9 months 12/31/05 12/31/06 12/31/07 to6/30/08 to9/30/08 12/31/08 Total Loans 2,674,629 | 3,080,629 | 3,507,001 | 3,527,154 | 3,605,395 | 3,746,031 (000s) Net Charge-Offs 46 (1,533) 1,358 439 1,690 5,689 (000s) 30-Day 02% 04% 06% 03% 14% 14% Delinquencies Non-Perfo
Slide 6: Loan portfolio by region
6 Orange County 14% Central Valley 18% Inland Empire 22%
Slide 7: Real estate loans by region
7 Los Angeles County 24% Inland Empire 20% Central Valley 26% Orange County 10% San Diego County 12% Other - 8.0% LA County 19% Inland Empire 41% Orange County 11% Central Valley 15% Other 14% San Diego - 0% Land: $38 Million Construction: $213 Million
Slide 8: Loans and non-performing assets as of 12/31/08
As of 12/31/08 $3.7 Billion in Loans >$17.7 Million in Non- Performing Loans >$6.6 Million in Real Estate Owned
Slide 9: Non-performing assets peer comparison
(000's) Non-Performing Loans OREO Non-Performing Assets % of Total Assets Bank of Hawaii 14,521 428 14,949 0.14% Westamerica 10,026 3,505 13,531 0.34% CVB Financial Corp. 17,684 6,565 24,249 0.36% SVB Financial 84,919 1,250 86,169 0.86% City National 211,142 11,388 222,530 1.35% Umpqua Holdings 127,
Slide 10: Regulatory capital ratios
Tier 1 Leverage Ratio 5.00% 9.84% 9.65% Tier 1 Risk Based Capital Ratio 6.00% 14.18% 13.93% Total Risk Based Capital Ratio 10.00% 15.54% 15.19%
Slide 11: Investment Portfolio composition
Agency 1.12% Investment Portfolio $2.5 Billion CMO 24.14%
Slide 12: Municipal securities credit ratings
12 Not Rated - Pre-refunded 3.06% Not Rated - General Obligation 10.37% Rated - Investment Grade AA or better 44.81% Rated-Investment Grade BAA or better 2.97% Rated-Invested grade AAA or better 26.45%
Slide 13: Investment Portfolio mark to market
55,000 45,000 35,000 25,000 15,000 5,000 (5,000) (15,000) (25,000) (35,000) Investment Portfolio: $2.5 Billion ~-Mark to Market— 47,439 39,023 7,120 June-08 Sep-08 ec-07 jar-08 LJ Dec- (10,100) (30,331)
Slide 14: Peer market cap and total assets
Company Market Cap Total Assets City National Corp $2,603 $15,889 Bank of Hawaii $2,320 $10,472 SVB Financial Group $1,525 $6,692 Westamerica Banc $1,420 $4,559 East West Bancorp $1,349 $11,852 UCBH Holdings $1,324 $11,803 Cathay General Bancorp $1,200 $10,402 Glacier Bancorp $1,008 $4,817 Pacific C
Slide 15: Peer market cap and total assets
Bank Market Cap Total Assets Bank of Hawaii $1,728 $10,763 City National Corporation $1,648 $16,455 Westamerica Bancorporation $1,279 $4,032 Glacier Bancorp, Inc. $1,002 $5,554 CVB Financial Corp. $749 $6,649 SVB Financial Group $671 $10,023 Cathay General Bancorp $623 $11,593 East West $612 $12,454
Slide 16: Target customers
The best privately-held and/or family- owned businesses throughout California Annual revenues of $1-200 million Top 25% in their respective industry Full relationship banking 16
Slide 17: Vision
Citizens Business Bank will become the dominant financial services company operating throughout the State of California, servicing the comprehensive financial needs of privately-held businesses (and their owners) with annual sales/revenues of $1 to 200 million dollars. 17
Slide 18: Investment highlights
18 Strong Credit Quality Liability Sensitive Balance Sheet Positive Growth Metrics New Growth Initiatives Local Competition is Diminished
CVB Financial — Investor Presentation (February 2009) on 6ix