CVB Financial: 3Q Earnings Snapshot

October 23, 2019 GMT

ONTARIO, Calif. (AP) _ CVB Financial Corp. (CVBF) on Wednesday reported third-quarter earnings of $50.4 million.

The bank, based in Ontario, California, said it had earnings of 36 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The bank holding company posted revenue of $125.5 million in the period. Its revenue net of interest expense was $120.1 million, also missing Street forecasts. Four analysts surveyed by Zacks expected $122.9 million.

CVB Financial shares have risen 5.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.35, an increase of 3% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVBF at https://www.zacks.com/ap/CVBF