U.S. Markets closed

Central Valley Community Bancorp: 3Q Earnings Snapshot

FRESNO, Calif. (AP) _ Central Valley Community Bancorp (CVCY) on Wednesday reported third-quarter net income of $5.7 million.

The Fresno, California-based bank said it had earnings of 42 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The holding company for Central Valley Community Bank posted revenue of $20.6 million in the period. Its revenue net of interest expense was $19.9 million, also surpassing Street forecasts.

Central Valley Community Bancorp shares have climbed 9.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.66, an increase of 4% 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