CVB Financial (CVBF) Tops Q2 EPS by 1c

CVB Financial (NASDAQ: CVBF) reported Q2 EPS of $0.32, $0.01 better than the analyst estimate of $0.31.

• Net income of $35.4 million for the quarter ended June 30, 2018, compared with $34.9 million for the first quarter of 2018 and $28.4 million for the second quarter of 2017. D
• iluted earnings per share were $0.32 for the second quarter, compared to $0.32 for the prior quarter and $0.26 for the same period last year.

Chris Myers, President and CEO of Citizens Business Bank, commented, “Our strong deposit base remained a key differentiator and is the primary reason for our higher profitability and net interest margin for the second quarter. Our strategic focus is on quality loan and deposit growth and the ongoing preparation for the integration of Community Bank.”

For earnings history and earnings-related data on CVB Financial (CVBF) click here.

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