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Central Valley Community Bancorp: 4Q Earnings Snapshot

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FRESNO, Calif. (AP) _ Central Valley Community Bancorp (CVCY) on Wednesday reported fourth-quarter profit of $7.1 million.

The bank, based in Fresno, California, said it had earnings of 57 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The holding company for Central Valley Community Bank posted revenue of $20.2 million in the period. Its revenue net of interest expense was $19.9 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $18.6 million.

For the year, the company reported profit of $20.3 million, or $1.62 per share. Revenue was reported as $78.2 million.

Central Valley Community Bancorp shares have climbed slightly more than 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.40, a drop of 21% in the last 12 months.

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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