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CVB Financial Q1 Profit Shrinks, EPS Flat - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

CVB Financial Corp. (CVBF) Wednesday reported first-quarter profit of $21.6 million, down slightly from $22.3 million in the same period last year. On a per-share basis, earnings were $0.21, flat with last year.

On average, nine analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income dropped to $54.59 million from $58.60 million last year. Net interest margin was 3.54 percent, compared to 3.60 percent last year.

Non-interest income totaled $6.75 million, up from $5.26 million last year.

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