CVB Financial Corp. (NASDAQ:CVBF) Q3 2023 Earnings Call Transcript

So we’ve built this deposit base over the long haul. So there’s always some of that pressure. A lot of the excess deposits that have come off the balance sheet that have gone into trust have impacted that, but there could be changes in the mix. But so far, we’ve been hanging in there pretty well.

Timothy Coffey: Okay. And then if I could switch to credit quality and your outlook. I mean, in normal times, death, divorce, business dissolution, like those are what drive performing loans into nonperforming status. But are you seeing anything in the loan book that would indicate a change in kind of the business or the economic environment?

David Brager: Yes. It’s interesting. I mean, if you take out the one large loan that I mentioned in the call and answered the question on earlier, I mean, really, the numbers stayed pretty flat. I mean, there are other ins and outs. But I mean, generally speaking, things have held up pretty well. I still always get concerned just sort of about the small C&I type borrower, the SBA 7(a) stuff, which we have less and less of. But those are sort of the areas where we’re seeing some maybe hiccups, but nothing material. I mean, it’s just been sort of case-by-case basis. And our salespeople, our credit team, our special assets group, I mean, they all work really hard to get to these things early and work out any potential problems. And it’s been pretty stable. It doesn’t mean that things can’t change, but so far, so good.

Operator: [Operator Instructions]. I’m showing no further questions in the queue at this time. I would now like to turn the call back over to Mr. Dave Brager for closing remarks.

David Brager: Thank you very much. I want to thank everybody for joining us this quarter. We appreciate your interest and look forward to speaking with you in January for our Fourth Quarter 2023 Earnings Call. As always, just let Allen or I know if you have any questions. Have a great day, and thanks for listening. Bye-bye.

Operator: Thank you for participating. This concludes today’s program. You may now disconnect.