Exhibit 99.1
May 2015
1Q Results 2015 | cbbank.com
Safe Harbor
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 the Company’s future financial position and operating results. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, local, regional, national and international economic and market conditions and events and the impact they may have on us and our customers; our ability to attract deposits and other sources of funding or liquidity; supply and demand for real property inventory and periodic deterioration in values of California real estate, both residential and commercial; a prolonged slowdown or decline in construction or sales activity; changes in the financial performance and/or condition of our borrowers or certain key vendors or counterparties; changes in the level of nonperforming assets and any accompanying reserves and/or charge-offs; the cost or effect of acquisitions we may make; the effect of changes in laws, regulations and relevant judicial decisions (including laws, regulations and judicial decisions concerning financial reforms, taxes, bank capital levels, securities and securities trading and hedging, employment, executive compensation, insurance, vendor management and information security) with which we and our subsidiaries must or believe we should comply; changes in estimates of future reserve requirements and minimum capital requirements based upon the periodic review thereof under relevant regulatory and accounting requirements, including changes in the Basel Committee framework establishing capital standards for credit, operations and market risk; inflation, interest rate, securities market and monetary fluctuations; changes in government interest rates or monetary policies; changes in the amount and availability of deposit insurance; cyber-security threats, including loss of system functionality or theft or loss of Company or customer data or money; political instability; acts of war or terrorism, or natural disasters, such as earthquakes, or the effects of pandemic diseases; the timely development and acceptance of new banking products and services and the perceived overall value of these products and services by customers and potential customers; the Company’s relationships with and reliance upon vendors with respect to the operation of certain of the Company key internal and external systems and applications; changes in consumer spending, borrowing and savings preferences or habits; technological changes and the expanding use of technology in banking (including the adoption of mobile banking applications); the ability to retain and increase market share, retain and grow customers and control expenses; changes in the competitive environment among financial and bank holding companies, banks and other financial service providers; continued volatility in the credit and equity markets and its effect on the general economy or local or regional business conditions; fluctuations in the price of the Company’s stock; the effect of changes in accounting policies and practices, as may be adopted from time-to-time by the regulatory agencies, as well as by 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, and our ability to retain or expand our management team and/or our board of directors; the costs and effects of legal, compliance and regulatory changes and developments, including the resolution of legal proceedings or regulatory or other governmental inquiries or investigations and the results of regulatory examinations or reviews; our success at managing the risks involved in the foregoing items and all other factors set forth in the Company’s public reports including its Annual Report on Form 10-K for the year ended December 31, 2014, 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.
1Q Results 2015 | cbbank.com 2
CVB Financial Corp. (CVBF)
Total Assets: $7.4 Billion Gross Loans: $3.7 Billion Total Deposits (Including Repos): $6.5 Billion Total Equity: $897 Million
Largest financial institution headquartered in the Inland Empire region of Southern California. Founded in 1974
Locations in 43 cities with 40 business financial centers and 7 commercial banking centers and 3 trust office locations serving the Inland Empire, LA County, Orange County, San Diego County, Ventura County and the Central Valley of California
Source: Q1 2015 earnings release & company filings.
1Q Results 2015 | cbbank.com 3
Experienced Leadership
Name Position Banking Experience CVBF Service
Christopher D. Myers President & CEO 31 Years 9 Years
Executive Vice President
Richard C. Thomas 5 Years 4 Years
Chief Financial Officer
Executive Vice President
James F. Dowd 38 Years 7 Years
Chief Credit Officer
Executive Vice President
David C. Harvey 25 Years 5 Years
Chief Operations Officer
Executive Vice President
David A. Brager 27 Years 12 Years
Sales Division
Executive Vice President
R. Daniel Banis 33 Years 3 Years
CitizensTrust
Executive Vice President
Yamynn DeAngelis 36 Years 28 Years
Chief Risk Officer
Executive Vice President
Richard Wohl 27 Years 4 Years
General Counsel
1Q Results 2015 | cbbank.com 4
Board of Directors
Name CVB Experience Age
Ray O’Brien - Chairman 3 Years 58 George Borba Jr. - Vice Chairman 2 Years 47 Steve Del Guercio 2 Years 53 Robert Jacoby 10 Years 73 Hal Oswalt 1 Year 67
San Vaccaro 16 Years 82
Chris Myers CEO 9 Years 53
1Q Results 2015 | cbbank.com 5
Who is CVB Financial Corp.?
1Q Results 2015 | cbbank.com
Largest Banks Headquartered in California
Rank Name Asset Size (12/31/14) In millions
1 Wells Fargo $1,687,155
2 Union Bank $113,120
3 Bank of the West $71,682
4 First Republic Bank $48,353
5 SVB Financial $39,345
6 City National Bank $32,610
7 East West Bank $28,738
8 OneWest Bank $21,805
9 Pacific Western Bank $16,235
10 Cathay Bank $11,512
11 CVB Financial Corp. $7,378
12 BBCN $7,140
13 Farmers & Merchants of Long Beach $5,581
14 Westamerica Bank $5,036
Source: SNL Financial
1Q Results 2015 | cbbank.com 7
Bank Accomplishments & Ratings
152 Consecutive Quarters of Profitability 102 Consecutive Quarters of Cash Dividends #4 Rated Bank: BankDirector Magazine
Bank Performance Scorecard (August 2014)
BauerFinancial Report
Five Star Rating (September 2014)
78 Consecutive Quarters
Fitch Rating
BBB (September 2014)
1Q Results 2015 | cbbank.com
Our Markets
1Q Results 2015 | cbbank.com
Existing Locations
40 Business Financial Centers
7 Commercial Banking Centers
3 CitizensTrust Locations
Corporate Office
Business Financial Centers Commercial Banking Centers CitizensTrust
San Diego – NEW Opened 06/02/2014
10
What’s New?
1Q Results 2015 | cbbank.com
San Diego County
Opened June 2014 | 6 Associates
1Q Results 2015 | cbbank.com 12
Ventura County
Opened January 2015 6 Associates
1Q Results 2015 | cbbank.com 13
Deposits*
# of Center Total Deposits Total Deposits (000’s) Locations (3/31/14) (3/31/15)
Los Angeles County 18 $1,959,624 $2,347,804 Inland Empire
9 $1,948,785 $1,992,402
(Riverside & San Bernardino Counties)
Central Valley 9 $870,202 $909,278 Orange County 9 $705,761 $907,308
Other 2 $253,216 $301,336
Total 47 $5,737,588 $6,458,128
Average Cost of Deposits (Year-to-Date) 0.12% 0.11%
*Includes Customer Repurchase Agreements
1Q Results 2015 | cbbank.com
Total Deposits*
$7,500,000 $6,500,000 $5,500,000 $4,500,000 $3,500,000 $2,500,000 $1,500,000
$500,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
(000’s)
2010 2011 2012 2013 2014 2015
Non-Int Bearing Dep Interest Bearing Deposits*
*Interest Bearing Deposits includes REPOs
1Q Results 2015 | cbbank.com 15
Deposit Cost Comparison
Source: Q1 2015 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 12/31/2014
1.00%
0.90% CVBF Peers
0.80%
0.70%
0.60%
0.50%
0.40%
0.30%
0.20%
0.10%
0.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015
1Q Results 2015 | cbbank.com 16
Total Loans*
Average
# of Center Total Loans* Loans per Locations (3/31/2015) (000’s) Location
Los Angeles County 18 $83,955 $1,511,185 Central Valley 9 $83,002 $747,017 Inland Empire
9 $71,246 $641,214 (Riverside & San Bernardino Counties) Orange County 9 $59,327 $533,943 Other 2 $148,864 $297,727
Total 47 $79,385 $3,731,086
*Prior to MTM discount, loan fees, loan loss reserve and loans Held for Sale
Starting in the 4th quarter of 2014, covered and non-covered loans are combined
1Q Results 2015 | cbbank.com
Total Loans*
$4,400,000 $4,200,000 $4,000,000 $3,800,000 $3,600,000 $3,400,000 $3,200,000 $3,000,000 $2,800,000 $2,600,000 $2,400,000 $2,200,000 $2,000,000
(000’s) Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015 Total Loans*
*Starting in the 4th quarter of 2014, covered and non-covered loans are combined (Purchase Credit Impaired or PCI) Before deferred loan fees, discount on PCI loans, and loans held for sale
Includes covered and non-covered loans for all periods presented
1Q Results 2015 | cbbank.com
Loan Portfolio Composition
Total Loans by Type
Municipal Lease Finance
Other, 2.2% Receivables, Dairy, Livestock &
2.0% Agribusiness, SFR Mortgage,
4.7%
5.5%
Commercial & Industrial, 11.2% Multi-Family, 5.7% Construction RE,
1.5%
Commercial RE-
Non-Owner, Commercial RE
42.4% Owner Occupied, 24.8%
Source: Q1 2015 earnings release & company reports
Starting in the 4th quarter of 2014, covered and non-covered loans are combined
19
1Q Results 2015 | cbbank.com
Credit Quality
1Q Results 2015 | cbbank.com
Non-Performing Assets*
$200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $-
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 (000’s) 2009 2010 2011 2012 2013 2014 2015
Non-Performing Loans OREO
*Non-Covered assets | Starting in the 4th quarter of 2014, covered and non-covered assets are combined
1Q Results 2015 | cbbank.com 21
Classified Loans*
$800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000
$-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
(000’s)
2009 2010 2011 2012 2013 2014 2015
*Non-Covered loans | Starting in the 4th quarter of 2014, covered and non-covered loans are combined
1Q Results 2015 | cbbank.com 22
Loans: Net Charge-Offs*
$0
2009 2010 2011 2012 2013 2014 Q1 2015 $10,000
$20,000 $30,000 $40,000 $50,000 $60,000
$70,000
(000’s) Net Charge-Offs (by year)
*Non-Covered | Starting in the 4th quarter of 2014, covered and non-covered loans are combined
1Q Results 2015 | cbbank.com 23
Profits
1Q Results 2015 | cbbank.com
Net Income
$32,500 $30,000 $27,500 $25,000 $22,500 $20,000 $17,500 $15,000 $12,500 $10,000 $7,500 $5,000 $2,500 $-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 (000’s) 2009 2010 2011 2012 2013 2014 2015
$20.4 million FHLB prepayment charge Net Income After Taxes
$13.9 million FHLB prepayment charge
1Q Results 2015 | cbbank.com
Earnings
3 Months to
(000’s) 2011 2012 2013 2014
03/31/2015
Net Interest Income $234,681 $236,950 $216,266 $236,514 $61,009
Provision for Loan Losses ($7,068) $0 $16,750 $16,100 $0 Other Operating
($106,809) ($122,257) ($88,741) ($89,817) ($36,461)
Income/Expenses (Net)
Income Taxes ($39,071) ($37,413) ($48,667) ($58,776) ($8,715)
Net Profit After Tax $81,733 $77,280 $95,608 $104,021 $15,833
$13.9 million FHLB prepayment charge
1Q Results 2015 | cbbank.com 26
Net Interest Margin
4.25% 3.92%
4.00%
3.75%
3.50% 3.53%
3.25%
2.92%
3.00%
2.75%
2.50%
2.25%
2.00%
1.75%
1.50%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 2011 2012 2013 2014 2015
Normalized*
*Normalized tax-equivalent excludes accretion on covered loans (Purchase Credit Impaired)
1Q Results 2015 | cbbank.com 27
Efficiency & Expenses
1Q Results 2015 | cbbank.com
Efficiency Ratio
90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2012 2013 2014 2015 Efficiency Ratio
$20.4 million FHLB prepayment charge
$13.9 million FHLB prepayment charge
1Q Results 2015 | cbbank.com 29
Non-Interest Expense as a % of Average Assets
3.50%
3.00%
2.42%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2012 2013 2014 2015 Non-Interest Expense as a % of Average Assets
$20.4 million FHLB prepayment charge $13.9 million FHLB prepayment charge
1Q Results 2015 | cbbank.com 30
Capital
1Q Results 2015 | cbbank.com
Capital Ratios
Regulatory Regulatory
December 31, 2014* Minimum Ratio Well-Capitalized Ratio
Tier 1 Risk-based Capital Ratio 4.0% 6.0% 16.99% Total Risk-based Capital Ratio 8.0% 10.0% 18.24% Tier 1 Leverage Ratio 4.0% 5.0% 10.86% Tangible Capital Ratio 10.97% Core Tier 1 Capital Ratio 16.46%
* CVB Financial Corp. - Consolidated 32
Securities & Investments
1Q Results 2015 | cbbank.com
Securities Portfolio*
- $3.0 Billion -
Trust Preferred
Yield on securities 0.17% Municipal portfolio = 2.59% CMO’s / Bonds 18.16% for the 1st Quarter 2015 REMIC’s 9.52%
Government Agency & GSEs 10.89%
MBS 61.26%
Securities portfolio totaled $3.0 billion at 3/31/2015. The portfolio represents 40.71% 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. 98% of the Bank’s municipal portfolio contains securities which have an underlying rating of investment grade. California municipals represent only 4.5% of the municipal bond portfolio
*Securities Available For Sale
1Q Results 2015 | cbbank.com Source: Q1 2015 earnings release. As of 3/31/2015 securities held-to-maturity were valued at approximately $1.5 million | Yield on securities represents the fully taxable equivalent
Securities Portfolio*
$3.0 Billion
Mark-to-Market (Pre-tax)
$100,000
$73,846 $80,000
$60,000 $40,000 $20,000 $0
-$20,000
-$40,000
Jun 09 Dec 09 Jun 10 Dec 10 Jun 11 Dec 11 Jun 12 Dec 12 Jun 13 Dec 13 Jun 14 Dec 14
(000’s)
*Securities Available For Sale
1Q Results 2015 | cbbank.com
CVBF Assets
12/31/06
$6.1 Billion
3/31/15
$7.4 Billion
Loans, Securities net 42.4%
49.9%
Loans, Securities
net 49.1% 40.7%
Goodwill & Fed Intangibles Balance*
0.7% Other 4.6% 2.4%
Fed Goodwill & Balance* Intangibles 4.2%
1.0% Other 5.0%
*Includes overnight funds held at the Federal Reserve, Interest earning—due from Correspondent Banks, other short-term money market accounts or certificates of deposit
1Q Results 2015 | cbbank.com 36
Yield on Securities vs. Yield on Loans
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2009 2010 2011 2012 2013 2014 2015
Yield on Loans* Yield on Securities
1Q Results 2015 | cbbank.com *Excluding Discount Accretion
CVBF Liabilities
12/31/06
$5.7 Billion 3/31/15
Junior $6.5 Billion
subordinated
Debentures 1.9%
Borrowings
Other
0.0% Junior
Liabilities subordinated
0.95% Debentures
Borrowings 0.39%
36.0% Total
Deposits*
61.4%
Total
Other Deposits*
Liabilities 98.66%
0.7%
*Includes Customer Repurchase Agreements
1Q Results 2015 | cbbank.com
Our Growth Strategy
1Q Results 2015 | cbbank.com
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.
1Q Results 2015 | cbbank.com 40
Target Customer
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
— Build 20-year relationships
1Q Results 2015 | cbbank.com 41
Three Areas of Growth
Same Store
DeNovo Sales
Acquisitions
- Banks - - Trust -
1Q Results 2015 | cbbank.com 42
Acquisition Strategy
-- Banks --
Target size: $200 million to $2 billion in assets
Financial & Strategic
In-market and/or adjacent geographic market (California only)
-- Trust/Investment --
Target size: AUM of $200 million to $1 billion
In California
-- Banking Teams --
In- market & ‘new’ markets
1Q Results 2015 | cbbank.com
Our ‘Critical Few’
Execute on DeNovo Growth Initiatives
Pursue Strategic Acquisitions
Quality Loan Growth
Provide Customer Solutions Through Technology
Expand Market Share Through Same Store Sales
1Q Results 2015 | cbbank.com
Copy of presentation at www.cbbank.com
1Q Results 2015 | cbbank.com
