Here's What Key Metrics Tell Us About Central Valley Community Bancorp (CVCY) Q3 Earnings
For the quarter ended September 2023, Central Valley Community Bancorp (CVCY) reported revenue of $22.11 million, up 2.2% over the same period last year. EPS came in at $0.54, compared to $0.55 in the year-ago quarter.
The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $21.98 million. With the consensus EPS estimate being $0.53, the EPS surprise was +1.89%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Central Valley Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 59.7% compared to the 59.9% average estimate based on three analysts.
Net Interest Margin: 3.5% versus the three-analyst average estimate of 3.5%.
Net Charge-Offs (% of Average Loans): 0.1% versus 0% estimated by three analysts on average.
Average Interest-Earning Assets: $2.39 billion versus the two-analyst average estimate of $2.36 billion.
Total Non Interest Income: $1.58 million versus the three-analyst average estimate of $1.65 million.
Net Interest Income: $20.53 million versus the three-analyst average estimate of $20.21 million.
View all Key Company Metrics for Central Valley Community Bancorp here>>>
Shares of Central Valley Community Bancorp have returned +9.3% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Central Valley Community Bancorp (CVCY) : Free Stock Analysis Report
