CVB Monetary (CVBF) reported $123.52 million in income for the quarter ended December 2024, representing a year-over-year decline of 10.8%. EPS of $0.36 for a similar interval compares to $0.39 a 12 months in the past.
The reported income compares to the Zacks Consensus Estimate of $128.07 million, representing a shock of -3.55%. The corporate delivered an EPS shock of +5.88%, with the consensus EPS estimate being $0.34.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders undertaking a inventory’s worth efficiency extra precisely.
Right here is how CVB Monetary carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Web Curiosity Margin: 3.2% in comparison with the three.1% common estimate based mostly on 4 analysts.
- Effectivity ratio: 47.3% versus the four-analyst common estimate of 46.5%.
- Complete interest-earning belongings: $13.96 billion versus the three-analyst common estimate of $14.20 billion.
- Web Cost-off (% of Common Loans): 0% versus the two-analyst common estimate of 0.1%.
- Complete NonPerforming Mortgage: $27.80 million in comparison with the $35.88 million common estimate based mostly on two analysts.
- Complete NonPerforming Property: $47.10 million versus the two-analyst common estimate of $38.50 million.
- Web Curiosity Earnings: $110.42 million versus $112.27 million estimated by 4 analysts on common.
- Complete Noninterest Earnings: $13.10 million versus $15.21 million estimated by 4 analysts on common.
- Web Curiosity Earnings (FTE): $110.95 million versus the three-analyst common estimate of $111.96 million.
- Service costs on deposit accounts: $5.10 million versus the two-analyst common estimate of $5.11 million.
- Belief and funding providers: $3.51 million in comparison with the $3.82 million common estimate based mostly on two analysts.
View all Key Company Metrics for CVB Financial here>>>
Shares of CVB Monetary have returned -5.6% over the previous month versus the Zacks S&P 500 composite’s +2.1% change. The inventory at the moment has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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CVB Financial Corporation (CVBF) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
