What is the 2026 Repurchase Program and how much is CVB authorizing?

CVB Financial's Board authorized repurchase of up to 15 million shares of common stock under the 2026 Repurchase Program. This replaces the prior 2024 program, under which 5.7 million shares remained available. The authorization is share-count-based and may be executed through Rule 10b5-1 trading plans, open market purchases, or private transactions.

How does this new program relate to CVB's previous repurchase authorization?

The 2026 program entirely replaces the 2024 repurchase program. While the 2024 program had 5.7 million shares still authorized for repurchase, the new program resets the capacity to 15 million shares. This provides fresh authorization without accumulating unused capacity from the prior plan.

Why did CVB's Board approve this repurchase program?

According to CEO David Brager, the authorization reflects CVB's robust capital position, consistent track record of quality earnings, and commitment to delivering long-term value to shareholders. The program allows the company to return capital through share reduction as part of its capital management strategy.

What execution methods are permitted under this authorization?

CVB may execute repurchases via Rule 10b5-1 trading plans (which allow pre-programmed purchases), open market purchases under Rule 10b-18 safe harbor provisions, or negotiated private transactions. The choice of method provides flexibility depending on market conditions and company priorities.

Does this filing disclose how much CVB has already spent under this program?

No execution information is disclosed in this filing. The authorization was announced on June 15, 2026, and the filing is the announcement of the program's approval. Any future repurchase activity will be reported in subsequent SEC filings (Form 4s, 10-Qs, or 10-Ks).

CVBF 8-K Filed 2026-06-15 New authorization

CVB Financial authorizes 15M share repurchase program

Board approves 2026 plan replacing prior 2024 program; up to 15M shares eligible.

Authorization (shares)15.0M

MechanismRule 10b5-1 plans, open market

What the filing says

CVB Financial Corp. (NASDAQ: CVBF) announced on June 15, 2026, that its Board of Directors authorized a new share repurchase program permitting the company to repurchase up to 15,000,000 shares of its common stock. The 2026 Repurchase Program may be executed through Rule 10b5-1 plans, open market purchases, or private transactions.

The new program replaces the company's previous 2024 share repurchase program, under which 5,678,223 shares remained available for repurchase at the time of replacement. CVB Financial, the holding company for Citizens Business Bank, National Association, cited its robust capital position, consistent earnings track record, and long-term shareholder value delivery as drivers of the authorization.

The company is one of the ten largest bank holding companies headquartered in California with over $20 billion in total assets following recent mergers with Heritage Commerce Corp.

The Board of Directors of CVB Financial Corp. authorized the Company to repurchase up to 15,000,000 shares of the Company's common stock (the "2026 Repurchase Program"), including by means of one or more Rule 10b5-1 plans or other appropriate buy-back arrangements, including open market purchases and private transactions. — CVB FINANCIAL CORP 8-K filing · View on SEC EDGAR →

What this means

CVB Financial's 15-million-share authorization represents a standard refresh of its buyback capacity. The program replaces a prior 2024 authorization under which 5.7 million shares remained unused, suggesting measured execution pace. The authorization is share-count-based rather than dollar-limited, providing flexibility as stock price changes. For a bank holding company with $20+ billion in assets, the repurchase capacity must satisfy regulatory capital requirements. No execution has occurred under this new program as of the filing date.

Frequently asked questions

What is the 2026 Repurchase Program and how much is CVB authorizing?: CVB Financial's Board authorized repurchase of up to 15 million shares of common stock under the 2026 Repurchase Program. This replaces the prior 2024 program, under which 5.7 million shares remained available. The authorization is share-count-based and may be executed through Rule 10b5-1 trading plans, open market purchases, or private transactions.
How does this new program relate to CVB's previous repurchase authorization?: The 2026 program entirely replaces the 2024 repurchase program. While the 2024 program had 5.7 million shares still authorized for repurchase, the new program resets the capacity to 15 million shares. This provides fresh authorization without accumulating unused capacity from the prior plan.
Why did CVB's Board approve this repurchase program?: According to CEO David Brager, the authorization reflects CVB's robust capital position, consistent track record of quality earnings, and commitment to delivering long-term value to shareholders. The program allows the company to return capital through share reduction as part of its capital management strategy.
What execution methods are permitted under this authorization?: CVB may execute repurchases via Rule 10b5-1 trading plans (which allow pre-programmed purchases), open market purchases under Rule 10b-18 safe harbor provisions, or negotiated private transactions. The choice of method provides flexibility depending on market conditions and company priorities.
Does this filing disclose how much CVB has already spent under this program?: No execution information is disclosed in this filing. The authorization was announced on June 15, 2026, and the filing is the announcement of the program's approval. Any future repurchase activity will be reported in subsequent SEC filings (Form 4s, 10-Qs, or 10-Ks).

authorization banking-sector rule-10b5-1 mid-cap

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.