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8-K - FORM 8-K - CVB FINANCIAL CORPd482182d8k.htm
EX-99.2 - EX-99.2 - CVB FINANCIAL CORPd482182dex992.htm
Exhibit 99.1
February 2013


Certain matters set forth herein (including the exhibits hereto) 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 plans and expectations regarding future operating results. These forward-looking statements are subject
to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those
projected. These risks and uncertainties include, but are not limited to, local, regional, national and international
economic conditions and events and the impact they may have on us and our customers; ability to attract deposits and
other sources of liquidity; ability to make loans and generate assets; oversupply of inventory and continued deterioration
in values of real estate in California and other states where our bank makes loans, both residential and commercial; a
prolonged slowdown in business, manufacturing, retail or construction activity; changes in the financial performance
and/or condition of our borrowers; changes in the level of non-performing assets and charge-offs; the effect of changes
in laws and regulations (including laws and regulations concerning taxes, banking, business and consumer credit, capital
levels, limits on bank products and fees, securities, executive compensation and insurance) with which we and our
subsidiaries must comply; changes in estimates of future reserve requirements based upon the periodic review thereof
under relevant regulatory and accounting requirements; inflation, interest rate, securities market and monetary
fluctuations; the availability and effectiveness of hedging instruments and strategies; political instability; acts of war or
terrorism, or natural disasters, such as earthquakes, or the effects of pandemic flu; the timely development and
acceptance of new banking products and services and perceived overall value of these products and services by users;
changes in consumer spending, borrowing and savings habits; technological changes (including mobile banking and
cloud computing); threats to the stability and security of our technology hardware and software, and to the stability and
security of any related vendor or customer hardware and software; the ability to increase market share and control
expenses; changes in the competitive environment among financial and bank holding companies and other financial
service providers; continued volatility in the credit and equity markets and its effects on the general economy; the effect
of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public
Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard
setters; changes in our organization, management, compensation and benefit plans; the costs and effects of legal and
regulatory developments including the resolution of legal proceedings or regulatory or other governmental inquiries and
the results of regulatory examinations or reviews; our success at managing the risks involved in the foregoing items and
other factors set forth in the Company's public reports including its Annual Report on Form 10-K for the year ended
December 31, 2011, and particularly the discussion of risk factors within that document. The Company does not
undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences or
unanticipated events or circumstances after the date of such statements except as required by law.
Safe Harbor


3
Total Assets:
$6.4 Billion
Gross Loans:
$3.5 Billion
Total Deposits (Including Repos):
$5.2 Billion
Total Equity:
$763 Million
Source: Q4 2012 earnings release & company filings. *non-covered loans
Largest financial institution headquartered in the Inland Empire
region of Southern California.  Founded in 1974.
Serves 41 cities with 40 business financial centers and 5 commercial
banking centers and 3 trust office locations throughout the Inland
Empire, LA County, Orange County and the Central Valley of California
Average Cost of Deposits = 0.11%
CVB Financial Corp. (CVBF)


4
Name
Position
Banking
Experience
CVBF
Service
Christopher D. Myers
President & CEO
28 Years
6 Years
Richard C. Thomas
Executive Vice President
Chief  Financial Officer
3 Years
2 Years
James F. Dowd
Executive Vice President
Chief  Credit Officer
36 Years
5 Years
David C. Harvey
Executive Vice President
Chief  Operations Officer
23 Years
3 Years
David A. Brager
Executive Vice President  
Sales Division
25 Years
10 Years
R. Daniel Banis
Executive Vice President
CitizensTrust
31 Years
1 Year
Yamynn DeAngelis
Executive Vice President
Chief  Risk Officer
33 Years
25 Years
Richard Wohl
Executive Vice President
General Counsel
24 Years
1 Year
Experienced Leadership


5
Name
CVBF
Experience
Age
Ronald Kruse -
Chairman
38 Years
73
Linn Wiley –
Vice Chairman
21 Years
74
George Borba Jr.
New
45
Steve Del Guercio
New
51
Robert Jacoby
7 Years
71
Ray O’Brien
New
55
San Vaccaro
13 Years
79
Chris Myers –
CEO
6 Years
50
Board of Directors


Who is…
CVB Financial Corp.?


7
Rank
Name
Asset Size (9/30/12)
1
Wells Fargo
$1,374,715
2
Union Bank
$88,185
3
Bank of the West
$63,037
4
First Republic Bank
$32,576
5
City National Bank
$26,252
6
OneWest Bank
$25,827
7
East West Bank
$21,813
8
SVB Financial
$21,577
9
Cathay Bank
$10,605
10
CVB Financial Corp
$6,321
11
Pacific Capital Bank
$5,991
12
Pacific Western Bank
$5,539
13
BBCN
$5,332
14
Farmers & Merchants of Long Beach
$4,872
15
Westamerica Bank
$4,860
In millions
In millions
Source: SNL Financial
Largest Banks 
Headquartered in California


143 Consecutive Quarters of Profitability
94 Consecutive Quarters of Cash Dividends
#6 Rated Bank: BankDirector Magazine
Bank Performance Scorecard (July 2012)
BauerFinancial Report
Five Star Rating (September 2012)
Fitch Rating
BBB (October 2012)
Bank Accomplishments & Ratings


Our Markets


10
40 Business Financial Centers
5 Commercial Banking Centers
3 CitizensTrust Locations


(000’s)
# of Center
Locations
Total Deposits
(12/31/11)
Total Deposits
(12/31/12)
Los Angeles County
17
$1,872,623
$1,894,958
Inland Empire
(Riverside & San Bernardino Counties)
10
$1,592,445
$1,668,906
Central Valley
11
$821,994
$856,155
Orange County
7
$598,426
$582,616
Other
0
$228,430
$244,596
Total
45
$5,113,918
$5,247,231
*Includes Customer Repurchase Agreements; Balance as of balance sheet date
Average Cost of Deposits  (Full Year)
0.21%
0.14%
Deposits*


(000’s)
Non-Interest Bearing Deposits


13
Source: Q4 2012 earnings release & other company filings, SNL Financial—peers represent public CA , AZ, HI, NV, OR & WA
banks with assets $2 -
$25 billion. Peer data as of 9/30/12
Deposit Cost Comparison


12 Months
12/31/11
12 Months
12/31/12
%
Change
Service Charges on Deposit Accounts
$15,767,976
$16,105,811
2.14%
Service Charges/Total Deposits
0.31%
0.31%
14
*Includes Customer Repurchase Agreements
Service Charge Income*


(000’s)
Non-Covered
Loans*
Covered
Loans*
Total Loans*
%
Los Angeles County
$1,190,214
$16,572
$1,206,786
34.68%
Central Valley
$662,420
$191,419
$853,839
24.54%
Inland Empire
(Riverside & San Bernardino Counties)
$627,173
$1,058
$628,231
18.05%
Orange County
$461,001
$0
$461,001
13.25%
Other
$318,430
$11,510
$329,940
9.48%
Total
$3,259,238
$220,559
$3,479,797
100.00%
*Prior to MTM discount and loan loss reserve
*Prior to MTM discount and loan loss reserve
(Includes loans Held for Sale)
(Includes loans Held for Sale)
Total Loans*
as of 12/31/2012


Total Non-Covered Loans


17
Source: Q4 2012 earnings release & company reports | *Non-covered loans
Consumer
Consumer
1.5%
1.5%
SFR Mortgage 
SFR Mortgage 
4.9%
4.9%
Municipal Lease Finance Receivables  3.2%
Municipal Lease Finance Receivables  3.2%
Auto & Equipment  0.4%
Auto & Equipment  0.4%
Dairy, Livestock  & Agribusiness 10.3%
Dairy, Livestock  & Agribusiness 10.3%
Commercial & Industrial
Commercial & Industrial
16.8%
16.8%
Construction RE   1.8%
Construction RE   1.8%
Commercial RE
Commercial RE
Owner Occupied  21.6%
Owner Occupied  21.6%
Total Loans by Type
Total Loans by Type
Commercial
RE
Non-Owner Occupied
39.5%
Loan Portfolio Composition*


Includes Loans Held for Sale
Includes Loans Held for Sale
Total Covered Loans


19
Non-Performing Assets
Non-Covered


Loan Loss Allowance/ Charge-Offs
--Non-Covered--


(000’s)
Classified Loans
Non-Covered


CVBF’s
strong
loan
underwriting
culture
has
limited
its
exposure
to
problem
credits
Continued
profitability
has
allowed
CVB
to
build
its
capital
base
and
reserves
for
loan
losses. 
Texas Ratio
Texas Ratio
NPA’s/Loans & OREO
NPA’s/Loans & OREO
Source: Q4 2012 earnings release & other company filings, SNL Financial—peers represent public CA , AZ, HI, NV, OR & WA banks
with
assets
$2
-
$25
billion.
Peer
data
as
of
9/30/12
Non-Covered
Superior Credit Quality
90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
2008
2009
Q1
2010
Q2
Q3
Q4
Q1
2011
Q1
2012
Q2
Q4
Q3
Q2
Q4
Q3
2008
Q1
2010
Q3
Q1
2011
Q2
Q4
Q3
Q4
Q3
2009
Q2
Q4
Q2
Q1
2012
CVBF
Peer
CVBF
Peer


Profits


(000’s)
Net Income After Taxes
Net Income After Taxes
$20.4 million FHLB prepayment charge
Net Income


2008
2009
2010
2011
12 Months to
12/31/2012
Net Interest Income
$193,679
$222,264
$259,317
$234,681
$236,950
Provision for Credit
Losses
($26,600)
($80,500)
($61,200)
($7,068)
$0
Other Operating
Income/Expenses (Net)
($81,331)
($52,515)
($111,378)
($106,809)
($122,257)
Income Taxes
($22,675)
($23,830)
($23,804)
($39,071)
($37,413)
Net Profit After Tax
$63,073
$65,419
$62,935
$81,733
$77,280
25
(000’s)
Earnings


26
*Normalized
*Normalized
excludes
excludes
accelerated
accelerated
accretion
accretion
on
on
covered
covered
loans
loans
Normalized*
Normalized*
1.50%
1.75%
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
Q1
2007
Q2
Q3
Q4
Q1
2008
Q2
Q3
Q4
Q1
2009
Q2
Q3
Q4
Q1
2010
Q2
Q3
Q4
Q1
2011
Q2
Q3
Q4
Q1
2012
Q2
Q3
Q4
Net Interest Margin


Expenses


28
*Includes $20.4 million FHLB prepayment charge
Expenses
(000’s)
Salaries and Employee Benefits
$62,985
$69,419
$69,993
$68,496
Promotion & Entertainment
$6,528
$6,084
$4,977
$4,869
Supplies
$2,989
$3,314
$2,558
$2,212
Software Licenses
& Maintenance
$2,320
$5,031
$3,669
$4,269
Professional Services
$6,965
$13,308
$15,031
$6,249
OREO Expense
$1,211
$7,490
$6,729
$2,146
Other
$50,588
$63,846
$38,068
$49,919*
TOTAL:
$133,586
$168,492
$141,025
$138,160
2009
2010
2011
2012


Bank Borrowings


Type of Debt
Payoff Date
Amount
Weighted Average
Interest Rate
FHLB Borrowings
8/28/2012
$250,000
3.39%
Subordinated Debentures
FCB Statutory Trust II
1/07/2012
$6,805
3-Month LIBOR + 3.25%
CVB Statutory Trust I
6/18/2012
$20,619
3-Month LIBOR + 2.85%
CVB Statutory Trust I
9/17/2012
$20,619
3-Month LIBOR + 2.85%
Total
$298,043
30
(000’s)
(000’s)
Debt Repayment Activity 2012


31
(000’s)
(000’s)
Type of Debt
Maturity
Balance at
12/31/2012
Interest Rate
FHLB Borrowings
11/28/2016
$198,934
4.52%
Subordinated Debentures
CVB Statutory Trust II**
$20,619
3-Month LIBOR + 2.85%
CVB Statutory Trust II
$20,619
3-Month LIBOR + 2.85%
CVB Statutory Trust III
$25,774
3-Month LIBOR + 1.38%
Total
$265,946
*Does not include $26 million in overnight borrowings from FHLB
**This portion of CVB Statutory Trust II was repaid on January 7
th
2013
Outstanding Debt*
12/31/2012


Capital


Regulatory
Minimum Ratio
Regulatory
Well-Capitalized Ratio
September 30, 2012*
Tier 1 Risk-based Capital Ratio
4.0%
6.0%
17.96%
Total Risk-based Capital Ratio
8.0%
10.0%
19.23%
Tier 1 Leverage Ratio
4.0%
5.0%
11.19%
Tangible Capital Ratio
4.0%
5.0%
10.95%
Core Tier 1 Capital Ratio
16.32%
33
* CVB Financial Corp. -
Consolidated
Capital Ratios


34
Source: Q3 2012 earnings release & other company filings, SNL Financial—peers represent public CA , AZ, HI, NV, OR & WA banks with assets $2 -
$25 billion 
Tier 1 Capital Ratio
Total Risk –
Based Capital Ratio
Tangible Common Equity/Tangible Assets
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%
2007
2008
2009
Q1
2010
Q2
Q3
Q4
Q1 
2011
Q2
Q3
Q4
Q1
2012
Q2
Q3
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%
20.00%
2007
2008
2009
Q1
2010
Q2
Q3
Q4
Q1
2011
Q2
Q3
Q4
Q1
2012
Q2
Q3
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
11.00%
2007
2008
2009
Q1
2010
Q2
Q3
Q4
Q1
2011
Q2
Q3
Q4 
Q1
2012
Q2
Q3
CVBF
Peer
CVBF
Peer
Peer Capital Metrics


Securities & Investments


Source: Q4 2012 earnings release. As of  12/31/2012 securities held-to-maturity were valued at approximately $2.1million | Yield on securities represents the fully taxable
equivalent
*Securities Available For Sale
Securities portfolio totaled $2.45 billion at 12/31/2012.  The portfolio represents 38.5% of the Bank’s total assets
Virtually
all
of
the
Bank’s
mortgage-backed
securities
were
issued
by
Freddie
Mac
or
Fannie
Mae
which
have
the
implied guarantee of the U.S. government. 99% of the Bank’s municipal portfolio contains securities which have
an underlying rating of investment grade. California municipals represent only 4% of the municipal bond
portfolio
Securities Portfolio*
--$2.45 Billion--
CMO’s /
REMIC’s
23.35%
Trust
Preferred
0.21%
Municipal
Bonds 25.53%
Government
Agency & 
GSEs 14.67 %
MBS 36.24%
Yield on securities
portfolio = 2.49%
for the 4th Quarter 2012


(000’s)
*Securities Available For Sale
$74,571
MBS & CMO’s
$31,395
Municipal
Bonds
$41,736
Other Securities
$1,440
Securities Portfolio*
$2.45 Billion
Mark-to-Market
(Pre-tax)


38
*Includes overnight funds held at the Federal Reserve, Interest earning -
due from
Correspondent Banks, other short-term money market accounts or certificates of deposit
Loans
Securities
Fed Balance*
Other
Goodwill & Intangibles
12/31/12
$6.4 Billion
12/31/06
$6.1 Billion
Securities
Fed Balance*
Goodwill & Intangibles
Other
Loans
CVBF Assets


12/31/06
$5.7 Billion
12/31/12
$5.6 Billion
TOTAL DEPOSITS*
Jr. Subordinated
Debentures
Other Liabilities
BORROWINGS
Jr. Subordinated
Debentures
BORROWINGS
TOTAL DEPOSITS*
Other Liabilities
*Includes Customer Repurchase Agreements
CVBF Liabilities


Our Growth Strategy


Citizens Business Bank will strive to become
Citizens Business Bank will strive to become
the dominant financial services company
the dominant financial services company
operating throughout the state of
operating throughout the state of
California, servicing the comprehensive
California, servicing the comprehensive
financial needs of successful small to
financial needs of successful small to
medium sized businesses and their owners.
medium sized businesses and their owners.
41
Our Vision


The best privately-held and/or family-
The best privately-held and/or family-
owned businesses throughout California
owned businesses throughout California
Annual revenues of $1-200 million
Annual revenues of $1-200 million
Top 25% in their respective industry
Top 25% in their respective industry
Full relationship banking
Full relationship banking
Build 20-year relationships
Build 20-year relationships
42
Target Customer


43
Three Areas of Growth
Acquisitions
--Banks--
--Trust--
DeNovo
Same Store
Sales


Target size: $200 million to $2 billion in assets
Target size: $200 million to $2 billion in assets
Financial & Strategic
Financial & Strategic
In-market and/or adjacent geographic market
In-market and/or adjacent geographic market
(California only)
(California only)
--Banks--
--Banks--
--Trust/Investment--
--Trust/Investment--
Target size: AUM of $200 million to $1 billion
Target size: AUM of $200 million to $1 billion
In California
In California
--Banking Teams--
--Banking Teams--
In-
In-
market & ‘new’
market & ‘new’
markets
markets
Acquisition Strategy


Loan Growth
Loan Growth
Expand Credit Product Offerings & Capabilities
Expand Credit Product Offerings & Capabilities
Build Core Deposits
Build Core Deposits
Drive Service Charge & Fee Income Growth
Drive Service Charge & Fee Income Growth
Manage Operating Efficiency
Manage Operating Efficiency
Grow Through Acquisition
Grow Through Acquisition
Our ‘Critical Few’


Strong Capital position
Strong Capital position
Strong, disciplined credit underwriting/credit culture
Strong, disciplined credit underwriting/credit culture
Build low-cost, sustainable deposits
Build low-cost, sustainable deposits
Multiple forms of growth (don’t depend on one)
Multiple forms of growth (don’t depend on one)
Same Store Sales
Same Store Sales
DeNovo
DeNovo
Acquisitions
Acquisitions
Cross-sell: capture the whole wallet
Cross-sell: capture the whole wallet
Drive expense efficiency
Drive expense efficiency
Long-term outlook
Long-term outlook
46
Our Strategic Focus


Copy of presentation at
www.cbbank.com