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

• CVB Financial Corp reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of six analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 36 cents to 45 cents per share.

• Revenue rose 54.9% to $179.07 million from a year ago; analysts expected $175.44 million.

• CVB Financial Corp's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $78.1 million.

• CVB Financial Corp shares had risen by 2.5% this quarter and gained 19.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% 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 "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for CVB Financial Corp is $26.00, about 14.8% above its last closing price of $22.16

This summary was machine generated from LSEG data October 21 at 10:17 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)