CVB Financial (CVBF) Tops Q4 EPS by 1c

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CVB Financial Corp. Reports Earnings for the Fourth Quarter and Year Ended 2016

January 18, 2017 5:34 PM EST

Net earnings were $27.1 million for the fourth quarter of 2016, or $0.25 per share. Net earnings were $101.4 million, or $0.94 per share, for 2016. Loans increased by $100 million for the quarter, or 2.33%, primarily due to seasonal dairy borrowings. Loans increased by $378 million for the year, or 9.41%. Noninterest-bearing deposits totaled $3.67 billion, or 58.22%, of total deposits.

ONTARIO, Calif.--(BUSINESS WIRE)-- CVB Financial Corp. (NASDAQ: CVBF) and its subsidiary, Citizens Business Bank (the Company), announced earnings for... More