ONTARIO, Calif. (AP) _ CVB Financial Corp. (CVBF) on Wednesday reported second-quarter earnings of $41.6 million.
The bank, based in Ontario, California, said it had earnings of 31 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The bank holding company posted revenue of $120.1 million in the period. Its revenue net of interest expense was $116.7 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $119.1 million.
CVB Financial shares have decreased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.02, a drop of 11% in the last 12 months.