Community West Bancshares Stock Price, News & Analysis

Community West Bancshares (CWBC) reported a fourth quarter 2022 net income of $3.4 million ($0.38 per diluted share), down slightly from $3.5 million in the prior quarter but up from $2.9 million a year ago. For the full year, net income reached a record $13.4 million ($1.51 per diluted share), exceeding $13.1 million in 2021. The bank's net interest margin improved to 4.58%, benefitting from higher loan yields and Federal Reserve interest rate hikes. The Board declared a 6.7% dividend increase to $0.08 per share, payable February 2023. However, the outlook for 2023 appears cautious due to recessionary concerns and deposit pricing pressures.

Community West Bancshares (CWBC) reported a net income of $3.5 million, or $0.39 per diluted share, for Q3 2022, a rise from $2.6 million in Q2 2022 but down from $3.6 million in Q3 2021. For the first nine months, net income totaled $10.1 million. Total loans grew by 3.6% in Q3, reaching $945.7 million, while net interest margin improved to 4.39%. The Board declared a cash dividend of $0.075 per share, payable on November 30, 2022. The company continues to benefit from rising interest rates and maintains a strong liquidity position.

Community West Bancshares (NASDAQ: CWBC) reported a net income of $2.6 million, or $0.30 per diluted share for Q2 2022, down from $4.0 million in Q1 2022 and $3.6 million in Q2 2021. The decline was attributed to lower fees from SBA PPP loans, which totaled $146,000 compared to $1.1 million a year ago. The Board declared a quarterly cash dividend of $0.075 per share, payable on August 31, 2022. Total loans increased by 2.5% quarter-over-quarter, driven by growth in commercial real estate and manufactured housing loans. The net interest margin improved to 4.01%.

Community West Bancshares (NASDAQ: CWBC) has been recognized by American Banker magazine as one of the Top 200 Publicly Traded Community Banks and Thrifts, ranking 125^th based on a three-year average return on equity as of December 31, 2021. This accolade highlights its strong performance among banks with assets under $2 billion. CEO Marty Plourd attributes this success to employee dedication and community engagement. The bank, headquartered in Goleta, California, operates several branches and has over $1 billion in assets, underscoring its growth in the Central Coast region.

Community West Bancshares (CWBC) reported a robust net income of $4.0 million, or $0.45 per diluted share, for Q1 2022, reflecting a 31.1% increase year-over-year. This growth is attributed to a $549,000 tax-exempt payout from a BOLI policy and a $992,000 recovery from a legal settlement. Net interest income remained steady at $10.7 million, with an improved net interest margin of 3.86%. Additionally, non-interest income increased to $1.3 million. The Board declared a quarterly cash dividend of $0.075 per share. Overall, the results indicate strong financial health and operational efficiency.