CVB FINANCIAL CORP Goodwill & Intangibles Disclosure
6. GOODWILL AND OTHER INTANGIBLE ASSETS
The following table presents the changes in the carrying amount of goodwill for the periods presented.
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
|
|
(Dollars in thousands) |
|
|||||
Balance, beginning of period |
|
$ |
765,822 |
|
|
$ |
765,822 |
|
Additions due to acquisitions |
|
|
— |
|
|
|
— |
|
Balance, end of period |
|
$ |
765,822 |
|
|
$ |
765,822 |
|
Impairment exists when a reporting unit's carrying value exceeds its fair value. At December 31, 2025, the Company performed a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment.
The following summarizes changes in CDI and the related accumulated amortization for the periods presented.
|
|
Year Ended December 31, |
|
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|
|
2025 |
|
|
2024 |
|
||||||||||||||||||
|
|
Gross CDI |
|
|
Accumulated |
|
|
Net CDI |
|
|
Gross CDI |
|
|
Accumulated |
|
|
Net CDI |
|
||||||
|
|
Amount |
|
|
Amortization |
|
|
Amount |
|
|
Amount |
|
|
Amortization |
|
|
Amount |
|
||||||
|
|
(Dollars in thousands) |
|
|||||||||||||||||||||
Balance of intangible assets, |
|
$ |
97,211 |
|
|
$ |
(87,245 |
) |
|
$ |
9,967 |
|
|
$ |
97,211 |
|
|
$ |
(81,921 |
) |
|
$ |
15,291 |
|
Amortization |
|
|
— |
|
|
|
(4,193 |
) |
|
|
(4,193 |
) |
|
|
— |
|
|
|
(5,324 |
) |
|
|
(5,324 |
) |
Balance of intangible assets, |
|
$ |
97,211 |
|
|
$ |
(91,438 |
) |
|
$ |
5,774 |
|
|
$ |
97,211 |
|
|
$ |
(87,245 |
) |
|
$ |
9,967 |
|
The following table reflects the estimated amortization expense for the periods presented, as of December 31, 2025.
|
|
December 31, |
|
|
Year: |
|
(Dollars in thousands) |
|
|
2026 |
|
$ |
2,823 |
|
2027 |
|
|
1,397 |
|
2028 |
|
|
547 |
|
2029 |
|
|
356 |
|
2030 |
|
|
334 |
|
Thereafter |
|
|
317 |
|
Total |
|
$ |
5,774 |
|
At December 31, 2025 the weighted average remaining life of intangible assets is approximately 1.60 years.
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 Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.