CVB Financial Corporation (NASDAQ:CVBF) banking and trust services provider, is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.34 per share.
Looking ahead, the full year income are expected at $ 1.25 per share on the revenues of $ 428.60 million.
Previous Quarter Performance
CVB Financial Corporation came out with income for the second quarter of $ 0.31 per share, from the revenue of $ 116.72 million. The quarterly earnings dropped 20.51 percent compared with the same quarter last year. According to street consensus, CVBF was expected to report 2Q20 income of $ 0.26 per share from revenue of $ 103.92 million. The bottom line results beat street analysts by $ 0.05 or 19.23 percent, at the same time, top line results outshined analysts by $ 12.80 million or 12.32 percent.
Stock Performance
Shares of CVB Financial Corporation traded up $ 0.21 or 1.19 percent on Tuesday, reaching $ 17.81 with volume of 239.00 thousand shares. CVB Financial Corporation has traded high as $ 18.10 and has cracked $ 17.72 on the downward trend
The closing price of $ 17.81, representing a 17.96 % increase from the 52 week low of $ 14.92 and a 20.79 % decrease over the 52 week high of $ 22.22.
The company has a market capital of $ 2.41 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
CVB Financial Corporation will be hosting a conference call at 10:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cbbank.com
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.
