Central Valley Community Bancorp: 2Q Earnings Snapshot
FRESNO, Calif. (AP) _ Central Valley Community Bancorp (CVCY) on Wednesday reported second-quarter net income of $6.1 million.
The Fresno, California-based bank said it had earnings of 45 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The holding company for Central Valley Community Bank posted revenue of $21.4 million in the period. Its revenue net of interest expense was $20.5 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $18.3 million.
Central Valley Community Bancorp shares have risen almost 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.31, a drop of 4% in the last 12 months.