Slide 1: CVB Financial Corp.
CVB Financial Corp. July 2026
Slide 2: Forward Looking Statements
Forward Looking Statements CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to
Slide 3: CVB Financial Corp.
CVB Financial Corp. Business Banking Focused California’s Top Presence in all California’s major economic markets Performing Relationship driven model - Top 25% Target Customer Business Bank Highly Experienced Management Team Consistent Track Record of Earnings and Shareholder returns Foun
Slide 4: Bank Accomplishments
Bank Accomplishments Forbes, Best Banks in America (2016 – 2026)* Ranked #1 Forbes, Best Banks in America (2016, 2020, 2021, 2023) Ranked in S&P Global Market Intelligence’s Top 50 2025 Public Banks Rated by S&P Global among the Top Three Large US banks by deposit franchise** Bauer Financi
Slide 5: 78 Business Financial Centers
78 Business Financial Centers 1 Loan Production Office 3 CitizensTrust Locations Corporate Office Business Financial Centers Loan Production Office CitizensTrust cbbank.com
Slide 6: Our Vision and Mission
Our Vision and Mission Our Vision: Citizens Business Bank will strive to become the premier financial services company operating throughout the state of California, servicing the comprehensive financial needs of successful small to medium sized businesses and their owners. Our Mission: The mission o
Slide 7: Our Core Values
Our Core Values Customer Focus a ™ Superior Cost-Effective People Operation Financial Having Fun Strength cbbank.com
Slide 8: Target Customer – Top 25%
Target Customer – Top 25% Top 25% privately-held and/or family-owned businesses throughout California Annual revenues of $1-300 million Full relationship banking Build long-term relationships cbbank.com 8
Slide 9: Relationship Banking Strategy
Relationship Banking Strategy Customer Credit Marketing Management Division Relationship Manager (Bank) Agribusiness Citizens Home Construction Lending Lending Specialty Asset Based Banking Treasury International Real Estate Lending Management Banking Dairy & Government Citizens CitizensTrust Livest
Slide 10: Acquisition of Heritage Bank of Commerce
Acquisition of Heritage Bank of Commerce Expands Presence Attractive Strongly Aligned into Desirable Bay Financial Returns Business Models Area Markets • IRR = 20% • NPA ratio .08% • Addition of 16 • EPS Accretion = 13% • Business deposits = Business Financial • ROAA =1.50% 83% of total Centers • RO
Slide 11: CVBF’s Acquisition Strategy
CVBF’s Acquisition Strategy Target Banks: $3 billion to $10 billion in assets In-market and adjacent markets Customer base that predominately aligns with CBB’s target customers Disciplined Approach to M&A: Rigorous due diligence: across credit, deposit pricing, and all banking functions Ex
Slide 12: Fair Value Acquired Heritage Assets & Liabilities- 4/17/26
Fair Value Acquired Heritage Assets & Liabilities- 4/17/26 Acquired April 17, Re-structure Post-Restructure ($ in Millions) 2026 Total Cash and Cash Equivalents $ 548 $ 815 $ 1,364 Total Investment Securities 1,016 (488) 528 Loans held for sale 327 (327) - PCD Loans 99 - 99 PSL Loans 3,053 - 3,053 A
Slide 13: CVBF Balance Sheet Profile
CVBF Balance Sheet Profile June 30, 2026 Deposits & Assets Securities Loans Funding Repos Cash Other 1% Repos Borrowings 5% D&L & Agri Time 3% 3% Muni 2% Others Other 4% 8% 11% 12% Agency 9% C&I 12% Securities $21.2B Loans $5.7B MBS $12.0B $16.9B $17.4B 27% 56% 55% CMO 27% CRE 75% Total Deposits & N
Slide 14: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights • Core Net Income = $73.4 million • $31.4 million acquisition expense • $4.25 million Provision for unfunded loan commitments Profitability • Net Interest Margin = 3.72% • Efficiency Ratio = 63.75%/ Adjusted Efficiency Ratio = 43.88%* • Net Income = $48.3 million / EPS =
Slide 15: Selected Ratios
Selected Ratios 2023 2024 2025 Q2’25 Q1’26 Q2’26 ROATCE* 18.48% 14.95% 14.28% 14.08% 13.38% 10.85% NIM 3.31% 3.09% 3.36% 3.31% 3.44% 3.72% Cost of Deposits 0.41% 0.88% 0.85% 0.84% 0.78% 0.83% Performance Cost of Funds 0.83% 1.32% 1.03% 1.03% 0.97% 0.96% Efficiency Ratio 42.00% 46.55% 46.03% 45.55% 4
Slide 16: Selected Highlights
Selected Highlights ($ in Thousands) Q2’25 Q1’26 Q2’26 Net Interest Income $ 111,608 $ 117,840 $ 162,415 Noninterest Income 14,744 14,279 17,010 Noninterest Expense, excluding Acquisition Related Expenses & Provision for Unfunded 57,557 58,939 78,728 Loan Commitments Acquisition Related Expenses — 1
Slide 17: Selected Highlights
Selected Highlights Q2’25 Q1’26 Q2’26 ($ in Thousands) Average Cash & Cash Equivalents $ 486,741 $ 425,164 $ 836,751 Average Loans 8,354,898 8,624,604 11,548,138 Average Total Securities 4,847,415 4,921,215 5,270,895 Average Balance Average Noninterest-bearing Deposits 7,051,702 6,894,427 8,123,844
Slide 18: Earnings Per Share
Earnings Per Share 197 Consecutive Quarters or 49+ Years $0.40 $0.38 $0.38 $0.37 $0.37 $0.36 $0.36 $0.36 $0.29 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Earnings per Share cbbank.com 18
Slide 19: Dividends – 147 Consecutive Quarters
Dividends – 147 Consecutive Quarters 147 Consecutive Quarters More than 36 years of consecutive cash dividends $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 73.25% 56.00% 54.62% 55.01% 54.50% 54.79% 53.32% 52.39% 49.38% Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Dividends per Shar
Slide 20: Capital Ratios Q1 vs Q2 & Buyback
Capital Ratios Q1 vs Q2 & Buyback Q1 26 Q2 26 CET 1 Ratio 16.3% 14.7% TCE Ratio* 10.5% 9.8% Tangible Book Value Per Share $11.42 $11.07 Board authorized Repurchase program up to 15 Million Shares – June 15, 2026 Impact of Heritage Acquisition and Share Repurchase Program on CVBF Common Stock thr
Slide 21: Net Interest Income and NIM
Net Interest Income and NIM ($ in Millions) $162.4 4.62% 4.43% 4.35% 4.28% 4.32% $122.7 $117.8 3.72% $115.6 $111.6 3.49% 3.44% 3.31% 3.33% 1.03% 1.05% 1.01% 0.97% 0.96% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Earning Asset Yield Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Net Interest Margin Cost of Funds cbbank.com 21
Slide 22: Noninterest Income
Noninterest Income $17.0 ($ in Millions) $1.7 $15.2 $14.7 $1.2 $14.0 $14.3 $0.8 $0.7 $1.0 $3.5 Other* $3.2 $3.3 $2.1 $3.1 $0.6 $0.7 $0.6 $0.7 $0.7 BOLI Income $0.7 $0.7 $0.7 $0.6 $0.5 $4.2 Bankcard services $3.7 $3.9 $4.0 $3.7 International banking income Trust and investment $6.3 services $5.6 $5.6
Slide 23: Noninterest Expense
Noninterest Expense ($ in Thousands) Q2’26 Q1’26 QoQ Salaries and employee $ 46,568 $ 37,461 $ 9,107 benefits Occupancy and equipment 8,293 6,075 2,218 Professional services 3,250 2,518 732 45.55% Computer software & 6,883 4,853 2,030 45.17% telecommunications expense Amortization of intangible 44.4
Slide 24: Loans by Type – Q1 vs Q2
Loans by Type – Q1 vs Q2 3/31/2026 6/30/2026 SFR D&L and SFR D&L and SBA Mortgage Agribus. SBA Mortgage Agribus. 3% 3% 2% 4% 3% 4% Other Other C&I 2% C&I 4% 11% 12% CRE CRE Owner Owner 27% 24% CRE Non- Owner 50% CRE Non- Owner 51% Average Coupon: 5.14% Average Coupon: 5.37% Note: Weighted average co
Slide 25: Loan Growth – Q1 vs Q2
Loan Growth – Q1 vs Q2 ($ in Millions) 2026 Q2 Loan Portfolio Change 3,479 477 97 12,017 (327) (348) 8,643 HBC Acquisition* New Originations Line Utilization Change 3/31/2026 SFR Sale* Paydown 6/30/2026 2026 Q1 Loan Portfolio Change 8,699 - - 338 8,643 (308) (85) HBC Acquisition* New Originations Li
Slide 26: Line Utilization Trends
Q3 2022 Q4 2022 51% Q1 2023 Q2 2023 45% Q3 2023 cbbank.com Q4 2023 48% Q1 2024 Q2 2024 45% Q3 2024 Q4 2024 49% Total Q1 2025 Q2 2025 41% Q3 2025 Q4 2025 48% Q1 2026 Q2 2026 41% Q3 2022 Q4 2022 78% Q1 2023 Q2 2023 68% Q3 2023 Q4 2023 80% Line Utilization Trends Q1 2024 Q2 2024 74% Q3 2024 D&L Q4 2024
Slide 27: Classified Loan Trend
Classified Loan Trend Classified Loan% of Total Loans 0.88% 0.92% 0.96% 0.91% Classified Loan% 0.60% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ($ in Millions) $109.72 Other* Classified Loan Balance $10.56 SFR mortgage $83.06 $8.95 $78.18 $73.42 $5.60 SBA $8.30 $11.27 $8.08 $35.68 $7.55 Dairy & livesto
Slide 28: ACL Trend
ACL Trend ACL Coverage Ratio 1.05% 0.93% 0.94% 0.89% 0.93% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ($ in Millions) Total ACL $126.7 $78.0 $79.3 $77.2 $80.2 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 cbbank.com 28
Slide 29: Investment Portfolio
Investment Portfolio Investment Portfolio Mix - Q2’261 - Q2 Enhancements - Retained approx. $500 million in high-quality, liquid assets with Municipal stable cash flows upon closing April 2026 acquisition of Heritage Other 7% 8% Bank CMBS Added $500 million in additional investments during Q2 2026 2
Slide 30: Deposit & Customer Repurchase Agreements
Deposit & Customer Repurchase Agreements 3/31/2026 6/30/2026 March Total Deposits: June Total Deposits: $12,439 $16,852 Total Time CBB Repo Total Time CBB Repo Deposits Sweep Deposits Sweep 4% 4% 4% 3% Savings + Savings + Money Money Market Market 36% 31% Demand Demand Deposit Deposit Accounts NOW A
Slide 31: Cost of Deposits
Cost of Deposits 6.00% CVBF KRX Fed Funds Rate 5.00% 4.00% For the Last 5 Years CVBF Ranked #1 3.75% with the Lowest Cost of Deposits of the 50 Banks in the KRX Index 3.00% 2.34% 2.00% 1.75% 0.98% 1.00% 0.83% 0.15% 0.03% 0.00% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025
Slide 32: Cost of Deposits: Monthly Trends
Cost of Deposits: Monthly Trends CVBF Cost of Deposit Detail Cost of Non-Maturity Deposits Cost of Time Deposits 2.76% 2.76% 2.74% 2.75% 2.72% 2.66% 2.82% 2.84% 2.83% 2.94% 2.97% 2.82% CVBF Cost of Deposits vs. Effective Federal Funds Rate .76% .77% .77% .75% .72% .71% .70% .67% .67% .67% .72% .72%
Slide 33: Wholesale Funding
Wholesale Funding ($ in Thousands) Q2'26 Unsecured Wholesale Funding FV of $40 million 5% Fixed/Variable Subordinated Debt: $ 38,973 Subordinated debt redeemable May 2027 or $ 38,973 anytime thereafter. 6/30/26 cost = 6.67%. Q2'26 FHLB Borrowings Secured Wholesale Funding $300 million in rolling 3
Slide 34: Interest Rate Risk
Interest Rate Risk Net Interest Income 6/30/26 Static Balance Sheet Projections 6/30/2026 Yield (6/30/26 Yield Curve vs Parallel Yield Curve Changes) Curve - Base Case 12 Month Ramp Up 200bps 12 Month Ramp Up 100bps 1 1 1 1 1 12 Month Ramp 1 1 1 1 Dn 100bps 12 Month Ramp Dn 200bps Q1 Q2 Q3 Q4 Q5 Q6
Slide 35: Appendix & Non-GAAP Reconciliation
Appendix & Non-GAAP Reconciliation cbbank.com
Slide 36: CRE by Collateral
CRE by Collateral ($ in Millions) % of Classified Collateral LTV at Classified Balance Owner Avg. Size Classified (Non- Type Occupied Origination (Owner) Owner) Industrial $ 2,736 46% 49% $ 1.73 $ 31.19 $ 10.63 $ 20.56 Office 1,458 26% 53% 1.76 11.83 10.05 1.78 Retail 1,415 12% 46% 1.74 3.75 3.75 0.
Slide 37: CRE by Collateral and Origination
CRE by Collateral and Origination ($ in Millions) Balance Distribution by Origination Year Average OLTV By Origination Year Collateral 2021 or 2021 or Balance 2026 2025 2024 2023 2022 2026 2025 2024 2023 2022 Type earlier earlier Industrial $ 2,736 7% 11% 5% 7% 18% 52% 46% 46% 43% 42% 45% 52% Office
Slide 38: CRE by Collateral and Loan Size
CRE by Collateral and Loan Size ($ in Millions) Other RE Multi- Loan Amount Industrial Office Retail Other Farmland Medical Rental and Total Family Leasing Greater than $ 24 $ 22 $ 0 $ 0 $ 0 $ 21 $ 22 $ 0 $ 89 $20M $10M to $20M 152 155 109 96 0 51 35 50 648 $5M to $10M 587 352 244 185 167 73 61 144
Slide 39: Loans – Maturity & Repricing
Loans – Maturity & Repricing ($ in Millions) Balance Distribution by Maturity or Reset as of 06/30/2026 Variable Fixed / Adjustable Loan Type ≤ 1 Year ≤ 1 Year 1-3 Years 3-5 Years 5-10 Years > 10 Years Grand Total Commercial real estate $ 900 $ 586 $ 1,740 $ 2,731 $ 2,730 $ 297 $ 8,984 Commercial an
Slide 40: C&I by Industry
C&I by Industry ($ in Millions) % of C&I Industry Balance Total Classified Real Estate Rental and Leasing $ 282 19% $ 6.81 Manufacturing Construction Manufacturing 174 12% 15.32 Wholesale Trade Construction 169 11% 0.49 Health Care Real Estate Rental and and Social Wholesale Trade 102 7% 7.50 Leasin
Slide 41: Business vs Consumer Deposits
Business vs Consumer Deposits Q2 2026 Consumer 17% Non-Analyzed Business Accounts 58% Analyzed Business Accounts 25% cbbank.com 41
Slide 42: Diverse Deposit Base
Diverse Deposit Base Finance and Insurance 12% Consumer 17% Construction 8% Other Industries Other Services 8% (except Public Administration) 7% Agriculture, Forestry, Fishing and Hunting 1% Retail Trade Other Real Estate 2% Rental and Leasing 7% Educational Services 3% Wholesale Trade Property Mana
Slide 43: Classified Loans / Total Loans (%)
Classified Loans / Total Loans (%) CVBF KRX 2.4% 2.4% 2.4% 2.3% 2.3% 2.3% 2.1% 2.0% 2.0% 1.8% 1.6% 1.6% 1.5% 1.4% 1.4% 1.5% 1.2% 1.2% 1.2% 1.1% 1.1% 1.0% 0.9% 1.0% 0.9% 0.9% 0.9% 0.9% 0.7% 0.7% 0.6% 4Q'18 4Q'19 4Q'20 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 cbban
Slide 44: Net Charge-Offs / Average Loans (%)
Net Charge-Offs / Average Loans (%) CVBF KRX 0.08% 0.06% 0.06% 0.06% 0.06% 0.05% 0.05% 0.05% 0.05% 0.05% 0.04% 0.03% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 cbbank.com * Source: S&P Ca
Slide 45: CET1 Ratio Trend (%)
CET1 Ratio Trend (%) CVBF KRX HTBK Acquisition 16.5% 16.5% 16.3% 16.3% 16.2% ASR / Suncrest 15.9% 15.8% Acquisition 15.3% 14.9% 15.0% 14.8% 14.8% 14.7% 14.7% 13.6% 12.8% 12.8% 12.8% 12.8% 12.7% 12.6% 12.7% 12.5% 12.5% 12.2% 12.2% 12.3% 12.1% 11.8% 4Q'19 4Q'20 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'2
Slide 46: TCE Ratio Trend (%)
TCE Ratio Trend (%) CVBF KRX HTBK 12.2% Acquisition 10.5% 10.1% 10.3% ASR / Suncrest 10.0% 10.0% Acquisition 9.7% 9.8% 9.8% 9.6% 9.2% 9.7% 8.7% 8.5% 8.3% 9.1% 9.2% 9.1% 9.0% 8.8% 8.8% 8.6% 8.6% 8.6% 7.4% 8.1% 8.2% 8.1% 7.4% 4Q'19 4Q'20 4Q'21 4Q'22 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'2
Slide 47: Economic Forecast – GDP
Economic Forecast – GDP Real GDP Growth 3.50 3.00 2.50 2.00 1.50 1.00 0.50 - Q1 2026 Forecast Q2 2026 Forecast cbbank.com 47
Slide 48: Economic Forecast – Unemployment
Economic Forecast – Unemployment Unemployment Rate 6.00 5.50 5.00 4.50 4.00 Q1 2026 Forecast Q2 2026 Forecast cbbank.com 48
Slide 49: Economic Forecast – CRE Price
Economic Forecast – CRE Price CRE Price Index Growth 8.00 6.00 4.00 2.00 - (2.00) (4.00) (6.00) (8.00) Q1 2026 Forecast Q2 2026 Forecast cbbank.com 49
Slide 50: Reconciliation of Return on Average Tangible Common Equity (Non-GAAP)
Reconciliation of Return on Average Tangible Common Equity (Non-GAAP) The return on average tangible common equity is a non-GAAP disclosure. We use certain non-GAAP financial measures to provide supplemental information regarding our performance. We believe that presenting the return on average tang
Slide 51: Reconciliation of Adjusted Efficiency Ratio (Non-GAAP)
Reconciliation of Adjusted Efficiency Ratio (Non-GAAP) The adjusted efficiency ratio is a non-GAAP disclosure. We use certain non-GAAP financial measures to provide supplemental information regarding our performance. We believe that presenting the adjusted efficiency ratio provides additional clarit
Slide 52: Reconciliation of Pretax Pre-Provision Income and Tangible Common Equity Ratio
Reconciliation of Pretax Pre-Provision Income and Tangible Common Equity Ratio (Non-GAAP) Pretax pre-provision income is a Non-GAAP financial measure that represents total revenue less noninterest expense and is calculated before provision for credit losses and income tax expense. For the Year Ended
Slide 53: Copy of presentation at www.cbbank.com
Copy of presentation at www.cbbank.com cbbank.com