CVB Financial Corp. (CVBF) reported second-quarter net earnings of $23.6 million or $0.23 per share, compared to $21.0 million or $0.20 per share in the same quarter of last year. On average, eleven analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter grew slightly to $63.0 million from $62.4 million in the prior year quarter, while total non-interest income was $2.29 million, down from $5.99 million in the comparable quarter last year.
Total non-interest expenses for the quarter fell to $28.9 million from $37.2 million in the same quarter last year.
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