CVB FINANCIAL CORP Earnings Per Share Disclosure
14. EARNINGS PER SHARE RECONCILIATION
Basic earnings per common share are computed by dividing income allocated to common stockholders by the weighted-average number of common shares outstanding during each period. The computation of diluted earnings per common share considers the number of shares issuable upon the assumed exercise of outstanding common stock options. Antidilutive common shares are not included in the calculation of diluted earnings per common share. For the years ended December 31, 2025, 2024 and 2023, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share were 643,000, 963,000 and 1,044,000, respectively.
The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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(In thousands, except per share amounts) |
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Earnings per common share: |
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Net earnings |
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$ |
209,298 |
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$ |
200,716 |
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$ |
221,435 |
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Less: Net earnings allocated to restricted stock |
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1,379 |
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1,445 |
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1,546 |
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Net earnings allocated to common shareholders |
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$ |
207,919 |
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$ |
199,271 |
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$ |
219,889 |
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Weighted average shares outstanding |
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136,757 |
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138,415 |
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138,333 |
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Basic earnings per common share |
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$ |
1.52 |
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$ |
1.44 |
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$ |
1.59 |
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Diluted earnings per common share: |
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Net income allocated to common shareholders |
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$ |
207,919 |
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$ |
199,271 |
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$ |
219,889 |
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Weighted average shares outstanding |
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136,757 |
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138,415 |
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138,333 |
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Dilutive effect of stock options |
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293 |
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164 |
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129 |
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Diluted weighted average shares outstanding |
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137,050 |
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138,579 |
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138,462 |
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Diluted earnings per common share |
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$ |
1.52 |
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$ |
1.44 |
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$ |
1.59 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 29, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.