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Community West Bancshares - $CWBC STOCK NEWS

Welcome to our dedicated page for Community West Bancshares news (Ticker: $CWBC), a resource for investors and traders seeking the latest updates and insights on Community West Bancshares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Community West Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Community West Bancshares's position in the market.

News
Community West Bancshares Reports Earnings Results for the Quarter Ended March 31, 2024, and Quarterly Dividend
Rhea-AI Summary
Community West Bancshares reported unaudited consolidated net income of $3,676,000 and fully diluted earnings per common share of $0.31 for the first quarter of 2024, compared to $6,970,000 and $0.59 per share for the same period in 2023. The company completed the acquisition of Community West Bancshares and its subsidiary, Community West Bank, on April 1, 2024, expanding its presence in Central California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
dividends earnings
-
News
Central Valley Community Bancorp Completes Community West Bancshares Merger, Adopts Name, Announces Board and Executive Reorganization
Rhea-AI Summary
Central Valley Community Bancorp successfully completes the merger with Community West Bancshares, creating a combined company with total assets of approximately $3.5 billion. The merger was an all-stock transaction valued at around $143 million, with Community West shareholders receiving 0.79 shares of Central Valley common stock for each share of Community West common stock. The resulting company retains the banking offices of both banks, with expanded territory and a new name and ticker symbol on NASDAQ (CWBC). The Board of Directors and Executive Management Team undergo reorganization to accommodate the merger.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
acquisition
-
News
Central Valley Community Bancorp and Community West Bancshares Announce Receipt of Shareholder Approval for Merger
Rhea-AI Summary
Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) announced shareholder approval for their merger, creating a combined company with $3.6 billion in assets and 27 banking centers in Central California. The merger is expected to be completed by April 1, 2024, with operational system conversion by the third quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
acquisition
News
Community West Bancshares Reports Full Year Earnings and Declares Quarterly Cash Dividend of $0.08 Per Common Share
Rhea-AI Summary
Community West Bancshares reported a net income of $7.3 million for the year ended December 31, 2023, compared to $13.4 million for the previous year. The pending merger with Central Valley Community Bancorp negatively impacted earnings. The company's Board of Directors declared a quarterly cash dividend of $0.08 per common share. The merger with Central Valley is expected to close in the second quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
dividends earnings
-
News
Community West Bancshares Reports Third Quarter 2023 Earnings of $2.3 Million, or $0.25 Per Diluted Share; Declares Quarterly Cash Dividend of $0.08 Per Common Share
Rhea-AI Summary
Community West Bancshares reports net income of $2.3 million for Q3 2023, announces merger with Central Valley Community Bancorp
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
dividends earnings
-
News
Central Valley Community Bancorp and Community West Bancshares to Merge
Rhea-AI Summary
Central Valley Community Bancorp and Community West Bancshares announce all-stock merger transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.64%
Tags
acquisition
News
Community West Bancshares Authorizes Extension to Stock Repurchase Plan
Rhea-AI Summary
Community West Bancshares extends stock repurchase plan until August 31, 2025 with $1,435,783 available for common stock repurchase from the authorized $4.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
buyback
-
News
Community West Bancshares Reports Second Quarter 2023 Earnings of $2.1 Million, or $0.24 Per Diluted Share; Declares Quarterly Cash Dividend of $0.08 Per Common Share
Rhea-AI Summary
Community West Bancshares reports net income of $2.1 million for Q2 2023, compared to $2.5 million in Q1 2023. The company declares a quarterly cash dividend of $0.08 per common share. Net interest income decreases, while total loans and total deposits show slight changes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
dividends earnings
-
News
Community West Bancshares Named to American Banker Magazine Top 200 Publicly Traded Community Banks
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
none
News
Community West Bancshares Reports First Quarter 2023 Earnings of $2.5 Million, or $0.27 Per Diluted Share; Declares Quarterly Cash Dividend of $0.08 Per Common Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
Tags
dividends earnings
Stock CWBC logo
Community West Bancshares

Nasdaq:CWBC

CWBC Rankings

#3355 Ranked by Market Cap
#2800 Ranked by Stock Gains
#1177 Ranked by Dividends

CWBC Stock Data

328.34M
11.44M
12.73%
35.01%
0.39%
Commercial Banking
Finance and Insurance
Link
United States of America
FRESNO

About CWBC

at community west bank, we believe that local deposits should work locally. we have full-service branches in goleta, santa barbara, santa maria, ventura and westlake village, in addition to a san luis obispo loan production office, making loans to businesses, individuals and non-profit organizations. as a locally owned and managed business bank on california’s central coast, we appreciate the opportunity to serve you. we are the bankers you want on your side, providing the financing, services and trusted advice that businesses need in order to succeed. let’s work together. member fdic. equal housing lender.