CVB Financial (CVBF) Misses Q1 EPS by 1c
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CVB Financial Corp. Reports First Quarter Earnings for 2015
April 22, 2015 5:34 PM EDTNet earnings were $15.8 million for the first quarter of 2015, or $0.15 per diluted share. Earnings were impacted by the Banks decision to prepay a $200.0 million Federal Home Loan Bank advance, recognizing a one-time pre-tax debt termination expense of $13.9 million. Noninterest-bearing deposits increased by $260.6 million for the quarter, or 9.09%, and totaled $3.13 billion, or 53.02% of total deposits. Total loans and leases, net of deferred fees and discount, decreased by $101.0 million for the quarter, or 2.65%. Dairy borrowings declined by $106.6 million for the quarter, mostly due to seasonal repayments.... More
