CVB Financial (CVBF) Reports Q3 Earnings: What Key Metrics Have to Say

CVB Financial (CVBF) reported $126.45 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.2%. EPS of $0.37 for the same period compares to $0.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $126.63 million, representing a surprise of -0.14%. The company delivered an EPS surprise of +5.71%, with the consensus EPS estimate being $0.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.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: Net Interest Margin: 3.1% compared to the 3.1% average estimate based on four analysts. Efficiency ratio: 46.5% versus the four-analyst average estimate of 45.4%. Total interest-earning assets: $14.94 billion versus the three-analyst average estimate of $14.65 billion. Net Charge-off (% of Average Loans): 0% compared to the 0% average estimate based on two analysts. Total NonPerforming Loan: $21.91 million compared to the $29.73 million average estimate based on two analysts. Total NonPerforming Assets: $22.56 million compared to the $30.35 million average estimate based on two analysts. Net Interest Income: $113.62 million versus the four-analyst average estimate of $112.17 million. Total Noninterest Income: $12.83 million versus $14.43 million estimated by four analysts on average. Net Interest Income (FTE): $114.15 million versus $112.37 million estimated by three analysts on average. Service charges on deposit accounts: $5.12 million versus the two-analyst average estimate of $5.11 million. Trust and investment services: $3.57 million versus $3.25 million estimated by two analysts on average. View all Key Company Metrics for CVB Financial here>>>Shares of CVB Financial have returned +6.3% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CVB Financial Corporation (CVBF): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks