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Central Valley Community Bancorp: 1Q Earnings Snapshot

FRESNO, Calif. (AP) _ Central Valley Community Bancorp (CVCY) on Wednesday reported first-quarter earnings of $5.2 million.

The Fresno, California-based bank said it had earnings of 38 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The holding company for Central Valley Community Bank posted revenue of $19.3 million in the period. Its revenue net of interest expense was $18.8 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $18.3 million.

Central Valley Community Bancorp shares have increased slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.89, a drop of roughly 3 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVCY at https://www.zacks.com/ap/CVCY