ONTARIO, Calif. (AP) — ONTARIO, Calif. (AP) — CVB Financial Corp. (CVBF) on Wednesday reported second-quarter profit of $48.3 million.
The bank, based in Ontario, California, said it had earnings of 29 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 44 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The bank holding company posted revenue of $219.1 million in the period. Its revenue net of interest expense was $179.4 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $183.1 million.
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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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