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CVB Financial Corp. Reports First Quarter Earnings For 2012

We have also made substantial progress in reducing our classified loans on a year-over-year basis. Classified loans are loans that are graded “substandard” or worse. At March 31, 2012, classified loans totaled $334.1 million, a decrease of $25.1 million from $359.2 million at December 31, 2011 and a decrease of $254.5 million from March 31, 2011.

San Joaquin Bank Asset Quality (Covered loans)

At March 31, 2012, we had $305.0 million in gross loans from SJB with a carrying value of $245.7 million, compared to $330.4 million of gross loans at December 31, 2011 and $262.5 million in carrying value. Of the gross loans, we have $73.5 million in non-performing loans as of March 31, 2012, or 24.09%, compared to $83.7 million in non-performing loans at December 31, 2011. We have 14 properties in OREO totaling $6.4 million, compared to 16 properties totaling $9.8 million at December 31, 2011.

CitizensTrust

CitizensTrust has approximately $2.11 billion in assets under administration, including $1.7 billion in assets under management, as of March 31, 2012. Revenues of $2.2 million for the first quarter of 2012 were flat year-over-year. CitizensTrust provides trust, investment and brokerage related services, as well as financial, estate and business succession planning.

Conference Call

Management will hold a conference call at 7:30 a.m. Pacific time/10:30 a.m. Eastern time tomorrow, April 19, 2012, to discuss the Company’s first quarter 2012 financial results.

To listen to the conference call, please dial (877) 317-6789. A taped replay will be made available approximately one hour after the conclusion of the call and will remain available through May 4, 2012 at 9:00 a.m. Eastern time. To access the replay, please dial (877) 344-7529, passcode 10011996.

The conference call will also be simultaneously webcast over the Internet; please visit the Company’s website at www.cbbank.com and click on the CVB Investor tab to access the call from the site. Access the website 15 minutes prior to the call to download any necessary audio software. This webcast will be recorded and available for replay on the Company’s website approximately two hours after the conclusion of the conference call, and will be available on the website for twelve months.

Corporate Overview

CVB Financial Corp. is the holding company for Citizens Business Bank, a $6.5 billion financial services company based in Ontario, California. Citizens Business Bank serves 40 cities with 42 Business Financial Centers, five Commercial Banking Centers and two trust office locations in the Inland Empire, Los Angeles County, Orange County, and the Central Valley areas of California.

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