Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - CVB FINANCIAL CORP | d215042dex311.htm |
| EX-10.2 - EXHIBIT 10.2 - CVB FINANCIAL CORP | d215042dex102.htm |
| EX-23 - EXHIBIT 23 - CVB FINANCIAL CORP | d215042dex23.htm |
| EX-32.1 - EXHIBIT 32.1 - CVB FINANCIAL CORP | d215042dex321.htm |
| EX-31.2 - EXHIBIT 31.2 - CVB FINANCIAL CORP | d215042dex312.htm |
| 10-K - FORM 10-K - CVB FINANCIAL CORP | d215042d10k.htm |
| EX-32.2 - EXHIBIT 32.2 - CVB FINANCIAL CORP | d215042dex322.htm |
Exhibit 12
CVB Financial Corp.
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
| For the Year Ended December 31, | ||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||
| Earnings excluding interest on deposits (1): |
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| Earnings before income taxes |
$ | 151,366 | $ | 162,797 | $ | 144,275 | $ | 114,693 | $ | 120,804 | ||||||||||
| Fixed charges |
5,136 | 13,341 | 13,449 | 21,247 | 28,296 | |||||||||||||||
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| $ | 156,502 | $ | 176,138 | $ | 157,724 | $ | 135,940 | $ | 149,100 | |||||||||||
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| Preferred dividends (2): |
$ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
| Fixed charges (1): |
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| Interest on borrowings |
$ | 3,305 | $ | 11,412 | $ | 11,620 | $ | 19,361 | $ | 26,331 | ||||||||||
| Amortization of debt expense |
— | — | — | — | — | |||||||||||||||
| Interest portion of rental expense |
1,831 | 1,929 | 1,829 | 1,886 | 1,965 | |||||||||||||||
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| $ | 5,136 | $ | 13,341 | $ | 13,449 | $ | 21,247 | $ | 28,296 | |||||||||||
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| Ratio of earnings to fixed charges, excluding interest on deposits |
30.47 | 13.20 | 11.73 | 6.40 | 5.27 | |||||||||||||||
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| Ratio of earnings to fixed charges and preferred dividends, excluding interest on deposits |
30.47 | 13.20 | 11.73 | 6.40 | 5.27 | |||||||||||||||
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| Earnings including interest on deposits (1): |
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| Earnings before income taxes |
$ | 151,366 | $ | 162,797 | $ | 144,275 | $ | 114,693 | $ | 120,804 | ||||||||||
| Fixed charges |
10,402 | 18,318 | 18,336 | 27,158 | 37,004 | |||||||||||||||
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| $ | 161,768 | $ | 181,115 | $ | 162,611 | $ | 141,851 | $ | 157,808 | |||||||||||
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| Preferred dividends (2): |
$ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
| Fixed charges (1): |
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| Interest on deposits |
$ | 5,266 | $ | 4,977 | $ | 4,887 | $ | 5,911 | $ | 8,708 | ||||||||||
| Interest on borrowings |
3,305 | 11,412 | 11,620 | 19,361 | 26,331 | |||||||||||||||
| Amortization of debt expense |
— | — | — | — | — | |||||||||||||||
| Interest portion of rental expense |
1,831 | 1,929 | 1,829 | 1,886 | 1,965 | |||||||||||||||
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| $ | 10,402 | $ | 18,318 | $ | 18,336 | $ | 27,158 | $ | 37,004 | |||||||||||
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| Ratio of earnings to fixed charges, including interest on deposits |
15.55 | 9.89 | 8.87 | 5.22 | 4.26 | |||||||||||||||
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| Ratio of earnings to fixed charges and preferred dividends, including interest on deposits |
15.55 | 9.89 | 8.87 | 5.22 | 4.26 | |||||||||||||||
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| (1) | As defined in Item 503(d) of Regulation S-K. |
| (2) | The preferred dividends were increased to amounts representing the pretax earnings that would be required to cover such dividend requirements. |