CVB Financial (CVBF) Reports Q4 EPS of 16c

CVB Financial (NASDAQ: CVBF) reported Q4 EPS of $0.16, may not compare to the analyst estimate of $0.28.

Income tax expense for the fourth quarter of 2017 included a one-time charge of $13.2 million due to the re-measurement of the Company’s net deferred tax asset (“DTA”) resulting from the Tax Cuts and Jobs Act of 2017 (“Tax Reform Act”). Excluding the impact of the $13.2 million DTA revaluation, net income totaled $31.1 million for the fourth quarter of 2017, or $0.28 per share.

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

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