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CVB Financial: Q2 Earnings Snapshot
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ONTARIO, Calif. (AP) — ONTARIO, Calif. (AP) — CVB Financial Corp. (CVBF) on Wednesday reported second-quarter profit of $48.3 million.

The bank, based in Ontario, California, said it had earnings of 29 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 44 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The bank holding company posted revenue of $219.1 million in the period. Its revenue net of interest expense was $179.4 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $183.1 million.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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