Central Valley Community Bancorp: Q1 Earnings Snapshot

Associated Press Finance
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FRESNO, Calif. (AP) — FRESNO, Calif. (AP) — Central Valley Community Bancorp (CVCY) on Thursday reported first-quarter earnings of $7 million.

The bank, based in Fresno, California, said it had earnings of 59 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 65 cents per share.

The holding company for Central Valley Community Bank posted revenue of $25.4 million in the period. Its revenue net of interest expense was $22.9 million, also missing Street forecasts.

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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

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