CVB Financial: 3Q Earnings Snapshot

CVB Financial: 3Q Earnings Snapshot

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ONTARIO, Calif. (AP) _ CVB Financial Corp. (CVBF) on Wednesday reported third-quarter earnings of $38.6 million.

The Ontario, California-based bank said it had earnings of 30 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The bank holding company posted revenue of $106.8 million in the period. Its revenue net of interest expense was $102.9 million, which topped Street forecasts. Five analysts surveyed by Zacks expected $102.1 million.

CVB Financial shares have declined 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.14, a decline of 16 percent 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 CVBF at https://www.zacks.com/ap/CVBF

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