Compared to Estimates, CVB Financial (CVBF) Q3 Earnings: A Look at Key Metrics
CVB Financial (CVBF) reported $137.68 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 5%. EPS of $0.42 for the same period compares to $0.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $133.85 million, representing a surprise of +2.86%. The company delivered an EPS surprise of +5.00%, with the consensus EPS estimate being $0.40.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CVB Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin [%]: 3.3% versus 3.2% estimated by four analysts on average.
Net Charge-off (% of Average Loans): 0% versus the four-analyst average estimate of 0%.
Efficiency ratio: 40% versus the three-analyst average estimate of 41.2%.
Total interest-earning assets: $14.90 billion compared to the $14.94 billion average estimate based on three analysts.
Total NonPerforming Loan: $9.96 million compared to the $8.09 million average estimate based on two analysts.
Total NonPerforming Assets: $9.96 million versus $8.09 million estimated by two analysts on average.
Total Noninterest Income: $14.31 million versus the four-analyst average estimate of $12.67 million.
Net Interest Income (FTE): $123.92 million compared to the $121.43 million average estimate based on three analysts.
Net Interest Income: $123.37 million versus the three-analyst average estimate of $120.53 million.
Trust and investment services: $3.25 million versus $3.19 million estimated by two analysts on average.
Service charges on deposit accounts: $5.06 million versus $4.97 million estimated by two analysts on average.
View all Key Company Metrics for CVB Financial here>>>
Shares of CVB Financial have returned -7.8% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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CVB Financial Corporation (CVBF) : Free Stock Analysis Report
