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Stock impact report

Central Valley Community Bancorp Reports Earnings Results for the Quarter Ended March 31, 2020, and Quarterly Dividend

Central Valley Community Bancorp (CVCY) 
Last central valley community bancorp earnings: 4/15 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.cvcb.com
Company Research Source: Business Wire
FRESNO, Calif.--(BUSINESS WIRE)--The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported today unaudited consolidated net income of $6,623,000, and fully diluted earnings per common share of $0.52 for the three months ended March 31, 2020, compared to $5,216,000 and $0.38 per fully diluted common share for the three months ended March 31, 2019.FIRST QUARTER FINANCIAL HIGHLIGHTSNet loans decreased $15.0 million or 1.61%, and total assets increased $21.9 million or 1.37% at March 31, 2020 compared to December 31, 2019.Total deposits increased 1.30% to $1.35 billion at March 31, 2020 compared to December 31, 2019.Total cost of deposits remains at low levels at 0.13% and 0.12% for the quarters ended March 31, 2020 and 2019, respectively.Average non-interest bearing demand deposit accounts as a percentage of total average deposits was 44.23% and 42.10% for the quarters ended March 31, 2020 Show less Read more
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