ONTARIO, Calif. (AP) _ CVB Financial Corp. (CVBF) on Wednesday reported second-quarter earnings of $54.5 million.
The Ontario, California-based bank said it had earnings of 39 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The bank holding company posted revenue of $135 million in the period. Its revenue net of interest expense was $129.3 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $121.7 million.
CVB Financial shares have increased 3.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.94, a fall of 11% in the last 12 months.