CVB Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• CVB Financial Corp CVBF reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 34 cents to 36 cents per share.

• Revenue rose 28.8% to $142.79 million from a year ago; analysts expected $116.07 million.

• CVB Financial Corp's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $50.56 million.

• CVB Financial Corp shares had risen by 5.2% this quarter and lost 2.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for CVB Financial Corp is $21.00, about 0.9% above its last closing price of $20.81

This summary was machine generated from LSEG data July 23 at 09:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)