For the quarter ended March 2024, CVB Financial (CVBF - Free Report) reported revenue of $126.57 million, down 8.9% over the same period last year. EPS came in at $0.35, compared to $0.42 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $127.87 million, representing a surprise of -1.01%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.35.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CVB Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total interest-earning assets: $14.64 billion versus the three-analyst average estimate of $14.60 billion.
- Net Charge-off (% of Average Loans): -0.1% compared to the 0% average estimate based on three analysts.
- Efficiency ratio: 47.2% compared to the 45.5% average estimate based on three analysts.
- Net Interest Margin [%]: 3.1% versus 3.2% estimated by three analysts on average.
- Total NonPerforming Loan: $13.81 million versus the two-analyst average estimate of $23.76 million.
- Total NonPerforming Assets: $14.46 million compared to the $23.76 million average estimate based on two analysts.
- Net Interest Income: $112.46 million versus $114.69 million estimated by three analysts on average.
- Total Noninterest Income: $14.11 million versus the three-analyst average estimate of $12.95 million.
- Net Interest Income (FTE): $113 million versus $115.37 million estimated by three analysts on average.
- Service charges on deposit accounts: $5.04 million versus the two-analyst average estimate of $4.99 million.
- Trust and investment services: $3.22 million versus the two-analyst average estimate of $3.07 million.
View all Key Company Metrics for CVB Financial here>>>Shares of CVB Financial have returned +1.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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For the quarter ended March 2024, CVB Financial (CVBF - Free Report) reported revenue of $126.57 million, down 8.9% over the same period last year. EPS came in at $0.35, compared to $0.42 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $127.87 million, representing a surprise of -1.01%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.35.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CVB Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total interest-earning assets: $14.64 billion versus the three-analyst average estimate of $14.60 billion.
- Net Charge-off (% of Average Loans): -0.1% compared to the 0% average estimate based on three analysts.
- Efficiency ratio: 47.2% compared to the 45.5% average estimate based on three analysts.
- Net Interest Margin [%]: 3.1% versus 3.2% estimated by three analysts on average.
- Total NonPerforming Loan: $13.81 million versus the two-analyst average estimate of $23.76 million.
- Total NonPerforming Assets: $14.46 million compared to the $23.76 million average estimate based on two analysts.
- Net Interest Income: $112.46 million versus $114.69 million estimated by three analysts on average.
- Total Noninterest Income: $14.11 million versus the three-analyst average estimate of $12.95 million.
- Net Interest Income (FTE): $113 million versus $115.37 million estimated by three analysts on average.
- Service charges on deposit accounts: $5.04 million versus the two-analyst average estimate of $4.99 million.
- Trust and investment services: $3.22 million versus the two-analyst average estimate of $3.07 million.
View all Key Company Metrics for CVB Financial here>>>Shares of CVB Financial have returned +1.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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