CVB Financial Posts $78.1 Million Q3 Profit, EPS Misses Analyst Estimates

CVB Financial Corp. (CVBF) on Wednesday reported third-quarter profit of $78.1 million, or 44 cents per share, falling short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. The Ontario, California-based bank holding company posted revenue of $237.1 million for the period. Revenue net of interest expense came in at $195.6 million, beating Street forecasts of $193.4 million from five Zacks-surveyed analysts. The earnings miss contrasts with the revenue beat, highlighting margin pressure at the regional lender.