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CVB Financial Corp. (CVBF) M&A Call Transcript

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CVB Financial Corp. (CVBF) M&A Call December 17, 2025 5:30 PM EST

Company Participants

E. Nicholson – Executive VP & CFO
David Brager – President, CEO & Director
Robertson Jones – President, CEO & Director

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Conference Call Participants

Matthew Clark – Piper Sandler & Co., Research Division
David Feaster – Raymond James & Associates, Inc., Research Division
Andrew Terrell – Stephens Inc., Research Division
Kelly Motta – Keefe, Bruyette, & Woods, Inc., Research Division
Timothy Coffey – Janney Montgomery Scott LLC, Research Division
Gary Tenner – D.A. Davidson & Co., Research Division

Presentation

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Operator

Good afternoon, ladies and gentlemen. Welcome to today’s Conference Call to discuss the All-Stock Merger transaction between CVB Financial Corporation and Heritage Commerce Corporation. My name is Ashia, and I’ll be your operator for today.

[Operator Instructions]

Please note, this call is being recorded. I would now like to turn the presentation over to your host for today’s call, Allen Nicholson, Executive Vice President and Chief Financial Officer of CVB Financial Corporation. You may proceed.

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E. Nicholson
Executive VP & CFO

Thank you, Ashia, and good afternoon, everyone. Thank you for joining us today to discuss the announcement of a definitive merger agreement between CVB Financial Corporation and Heritage Commerce Corporation. A press release and an investor slide presentation are available on the Investor Relations section of each company’s website at cbbank.com and heritagecommercecorp.com. .

Joining me this afternoon is Dave Brager, President and Chief Executive Officer of CVB Financial Corporation; and Clay Jones, Chief Executive Officer and President of Heritage Commerce Corp.

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Our comments today will refer to the investor slide presentation for today’s announced merger. The speakers on this call claim the protection of the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. For a more complete discussion of the risks and uncertainties that may cause

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