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CVB Financial Receives Regulatory Approval for Merger with Heritage Commerce

CVB Financial (CVBF) announced that it has received the necessary regulatory approvals for its merger with Heritage Commerce (HTBK). The closing of the respective mergers of HTBK into CVBF and of HBC into CBB, which is presently expected to occur on April 17, 2026, remains subject to the satisfaction of customary closing conditions set forth in CVBF's and HTBK's merger agreement.

Heritage Reports Q4 Revenue of $53.6M

Reports Q4 revenue $53.6M, consensus $50.8M. "The year 2025, and the fourth quarter in particular, was a consequential time for Heritage, and we are proud of the way our team worked to deliver solid growth and results, driven by steady performance across the business, sustained client momentum and strong credit quality. This quarter reflects strong execution across the organization. We delivered meaningful balance-sheet growth, expanded operating leverage through disciplined expense management, and increased adjusted full year earnings by 39%. Our focus on consistent performance and prudent growth continues to strengthen our foundation," said Clay Jones, CEO.

Raymond James Downgrades Heritage Commerce to Market Perform

Raymond James analyst David Feaster downgraded Heritage Commerce (HTBK) to Market Perform from Outperform without a price target after the company announced an agreement to be acquired by CVB Financial (CVBF). The firm likes the deal and sees it as a logical fit for CVB and thinks the deal "checks all the boxes," the analyst tells investors in a research note.