Community West Bancshares Reports Fourth Quarter 2022 Earnings of $3.4 Million, or $0.38 Per Diluted Share, and Record Net Income of $13.4 Million, or $1.51 Per Diluted Share, for the Year...
Community West Bancshares (CWBC)
US:NASDAQ Investor Relations:
communitywest.com
Company Research
Source: GlobeNewswire
GOLETA, Calif., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Community West Bancshares (“Community West” or the “Company”), (NASDAQ: CWBC), parent company of Community West Bank (the “Bank”), today reported net income of $3.4 million, or $0.38 per diluted share, for the fourth quarter of 2022, compared to $3.5 million, or $0.39 per diluted share, for the preceding quarter, and $2.9 million, or $0.33 per diluted share, for the fourth quarter of 2021. For the full year 2022, the Company reported record net income of $13.4 million, or $1.51 per diluted share, compared to $13.1 million, or $1.50 per diluted share, for the full year 2021. Earnings for the fourth quarter of 2022 include a $461,000 negative provision for loan loss expense compared to a $298,000 provision for loan loss expense during third quarter 2022. Also impacting the preceding quarter was a one-time $132,000 recovery related to a prior OREO expense. The Company’s Board of Directors declared an increase of its quarterly cash
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News
- Community West Bancshares (NASDAQ: CWBC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Community West Bancshares (NASDAQ: CWBC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $23.00 to $22.00. They now have a "market perform" rating on the stock.MarketBeat
- Here's What Key Metrics Tell Us About Community West Bancshares (CWBC) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Community West Bancshares Reports Earnings Results for the Quarter Ended March 31, 2024, and Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Community West Bancshares Reports Earnings Results for the Quarter Ended March 31, 2024, and Quarterly DividendBusiness Wire
CWBC
Earnings
- 4/18/24 - Miss
CWBC
Analyst Actions
- 1/30/24 - TheStreet
CWBC
Sec Filings
- 4/9/24 - Form 15-12G
- 4/8/24 - Form 10-K
- 4/8/24 - Form S-8
- CWBC's page on the SEC website