CVB Financial (CVBF) Tops Q1 EPS by 2c

CVB Financial (NASDAQ: CVBF) reported Q1 EPS of $0.37, $0.02 better than the analyst estimate of $0.35.

• Record Net Earnings of $51.6 million for the first quarter of 2019, or $0.37 per share
• Net Earnings growth of $16.7 million or 48% vs. Q1 2018
• Return on Average Assets of 1.84% for the first quarter of 2019
• Return on Average Tangible Capital of 18.75% for the first quarter of 2019

Chris Myers, President and CEO of Citizens Business Bank, commented “Our results this quarter demonstrate the earnings power of our merger with Community Bank, as reflected in the strength of our return on average assets of 1.84% and our return on average tangible capital of 18.75%. The consolidation of banking centers, post-merger, is on schedule and should be completed by the end of the second quarter.”

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

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