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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