CVB Financial (CVBF) Q4 Earnings Meet Estimates
CVB Financial (CVBF) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this bank holding company would post earnings of $0.45 per share when it actually produced earnings of $0.46, delivering a surprise of 2.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
CVB Financial, which belongs to the Zacks Banks - West industry, posted revenues of $149.86 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $114.78 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
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