Central Valley Community Bancorp turns $4.25 million profit in first quarter

Central Valley Community Bancorp, the Fresno-based parent company of Central Valley Community Bank, reported a profit of $4.25 million, or 35 cents per share for the first quarter of 2017. That’s up from $3.4 million or 31 cents per share for the first three months of 2016.

The company’s April 19 earnings statement indicated that the bank’s assets amounted to $1.46 billion as of March 31, compared to $1.27 billion at the end of 2016’s first quarter. The company will pay its shareholders a cash dividend of 6 cents per share May 19 to shareholders of record as of May 5.

Central Valley Community Bancorp stock is traded on Nasdaq under the stock symbol CVCY.

This story was originally published April 24, 2017 at 1:21 PM with the headline "Central Valley Community Bancorp turns $4.25 million profit in first quarter."