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CVB Financial Executive Compensation (FY25)

CVBF · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
246 figures on this page: 237 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
The fiscal 2025 disclosure covers 5 named executive officers. David Brager was paid $3,803,565 in total compensation as President and CEO of CVB Financial Corp. and Citizens Business Bank for fiscal 2025, and Brager's total moved 22.0% higher from the $3,117,215 reported for fiscal 2024, while the disclosed chief executive pay ratio for fiscal 2025 is 44.5:1, against median employee compensation of $85,435. For fiscal 2025, shareholders backed the say-on-pay proposal with 93.5% of votes cast for or against in favor at the meeting held May 20, 2026.
Chief executive, fiscal 2025
◇
David Brager
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Brager: $3,117,215 → $3,803,565 (22.0% higher)
Say-on-pay support: 95.4% → 93.5% (1.9 points lower)
CEO pay ratio: 33.2:1 → 44.5:1 (34.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is CVB Financial's chief executive and what were they paid?
David Brager was paid $3,803,565 in total compensation as President and CEO of CVB Financial Corp. and Citizens Business Bank for fiscal 2025. Brager's total moved 22.0% higher from the $3,117,215 reported for fiscal 2024.
What was CVB Financial's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 93.5% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in CVB Financial's peer group?
Companies named in the disclosed peer group include Axos Financial, Inc., Banc of California, Inc., Bank of Hawaii Corporation, Banner Corporation and Cathay General Bancorp, among others.
What is CVB Financial's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 44.5:1, against median employee compensation of $85,435.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Brager
President and CEO of CVB Financial Corp. and Citizens Business Bank
◇◇◇———◇◇
David Harvey
Executive Vice President, Chief Operating Officer of Citizens Business Bank
◇◇◇—◇—◇◇
E. Allen Nicholson
Executive Vice President, CFO of CVB Financial Corp. and Citizens Business Bank
◇◇◇—◇—◇◇
David Farnsworth
Executive Vice President, Chief Credit Officer of Citizens Business Bank
◇◇◇—◇—◇◇
Richard Wohl
Executive Vice President, General Counsel of CVB Financial Corp. and Citizens Business Bank
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Brager
President and CEO of CVB Financial Corp. and Citizens Business Bank
◇—◇—◇—◇◇
David Harvey
Executive Vice President, Chief Operating Officer of Citizens Business Bank
◇◇◇—◇—◇◇
E. Allen Nicholson
Executive Vice President and Chief Financial Officer of CVB Financial Corp. and Citizens Business Bank
◇◇◇—◇—◇◇
David Farnsworth
Executive Vice President, Chief Credit Officer of Citizens Business Bank
◇◇◇—◇—◇◇
Richard Wohl
Executive Vice President, General Counsel of CVB Financial Corp. and Citizens Business Bank
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Brager
President and CEO of CVB Financial Corp. and Citizens Business Bank
◇◇◇—◇—◇◇
David Harvey
Executive Vice President, Chief Operating Officer of Citizens Business Bank
◇◇◇—◇—◇◇
E. Allen Nicholson
Executive Vice President, CFO of CVB Financial Corp. and Citizens Business Bank
◇◇◇—◇—◇◇
David Farnsworth
Executive Vice President, Chief Credit Officer of Citizens Business Bank
◇◇◇—◇—◇◇
Richard Wohl
Executive Vice President, General Counsel of CVB Financial Corp. and Citizens Business Bank
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David A. BragerRSU◇——◇——◇
David A. BragerRSU◇——◇——◇
David C. HarveyRSU◇——◇——◇
David C. HarveyRSU◇——◇——◇
David F. FarnsworthRSU◇——◇——◇
David F. FarnsworthRSU◇——◇——◇
E. Allen NicholsonRSU◇——◇——◇
E. Allen NicholsonRSU◇——◇——◇
Richard H. WohlRSU◇——◇——◇
Richard H. WohlRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
David BragerPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
E. NicholsonPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
Richard WohlPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
David HarveyRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
David FarnsworthRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hal W. Oswalt
Board chair
◇◇————◇
George A. Borba, Jr
◇◇————◇
Kimberly Sheehy
◇◇————◇
Stephen A. Del Guercio
◇◇————◇
Jane Olvera Majors
◇◇————◇
Raymond V. O'Brien III
◇◇————◇
Anna Kan
◇◇————◇
Timothy M. Stephens
◇◇————◇
David A. Brager served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Axos Financial, Inc. AX
  • Banc of California, Inc. BANC
  • Bank of Hawaii Corporation BOH
  • Banner Corporation BANR
  • Cathay General Bancorp CATY
  • Enterprise Financial Services Corp EFSC
  • First Financial Bankshares, Inc. FFIN
  • First Foundation Inc. FFWM
  • First Hawaiian, Inc. FHB
  • First Interstate BancSystem, Inc. FIBK
  • Glacier Bancorp, Inc. GBCI
  • Home Bancshares, Inc. (Conway, AR) HOMB
  • TriCo Bancshares TCBK
  • Trustmark Corporation TRMK
  • WaFd, Inc. WAFD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2016May 17, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact CVB Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where CVB Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
246 figures on this page: 237 cited to the filing that reported them, 9 calculated from figures it prints.
237 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-236235
  2. 0001193125-26-144078
    ADVISORY RE SOLUTION TO APPROVE OUR EXECUTIVE COMPENSATION & · CEO Pay Ratio · Director Compensation · Outstanding Equity Awards at Fiscal Year-End Table · and 1 more section
  3. 0000950170-25-076778
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000950170-25-051966
    SUMMARY C OMPENSATION TABLE · Summary Compensation Table
  5. 0001193125-24-140646
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000950170-24-039094
    SUMMARY C OMPENSATION TABLE · Summary Compensation Table
  7. 0001193125-23-148345
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-22-154960
  9. 0001193125-21-167571
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-20-148546
  11. 0001193125-19-154545
  12. 0001193125-17-175239
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “CVB Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CVBF (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers CVB Financial discloses

The companies named in CVBF's own disclosed peer group.

Axos Financial, Inc.Banc of California, Inc.Bank of Hawaii CorporationBanner CorporationCathay General BancorpEnterprise Financial Services CorpFirst Financial Bankshares, Inc.First Hawaiian, Inc.First Interstate BancSystem, Inc.Glacier Bancorp, Inc.Home Bancshares, Inc. (Conway, AR)TriCo BancsharesTrustmark CorporationWaFd, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy