Central Valley Community (CVCY) Tops Q2 EPS by 9c
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Central Valley Community Bancorp Reports Earnings Results for the Six Months and Quarter Ended June 30, 2015
July 15, 2015 4:10 PM EDTFRESNO, CA -- (Marketwired) -- 07/15/15 -- The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today unaudited consolidated net income of $5,544,000, and diluted earnings per common share of $0.50 for the six months ended June 30, 2015, compared to $5,309,000 and $0.48 per diluted common share for the six months ended June 30, 2014.
Net income for the period increased 4.43% in 2015 compared to the six-month period in 2014, primarily driven by an increase in non-interest income, offset by an increase in provision for credit losses. During the six... More
