What caused CVBF's Q4 earnings to fall short of forecasts?

CVB Financial's (CVBF) Q4 earnings fell short of forecasts due to a combination of factors:

1. Revenue Decline: The company experienced a year-over-year revenue decrease of 8%, with analysts forecasting revenues of $126.63 million. This decline in revenue contributed to the shortfall in earnings.
2. Expense Increase: There was an increase in interest expenses, which adversely affected the net profit margin. This is evident in the company's financial statements where the total loans were reported at $8.6 billion, with a specific mention of increased interest expenses despite steady profitability.
3. Asset Decline: Despite steady profitability, there was a decline in total assets, which could indicate a reduction in overall efficiency or operational challenges that impacted earnings.

In summary, CVBF's Q4 earnings fell short due to a combination of revenue decline, increased expenses, and asset decline. These factors, coupled with market conditions and operational challenges, contributed to the shortfall in earnings compared to forecasts.