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Stock impact report

Community West Bancshares Reports Full Year Earnings and Declares Quarterly Cash Dividend of $0.08 Per Common Share [Yahoo! Finance]

Community West Bancshares (CWBC) 
US:NASDAQ Investor Relations: communitywest.com
Company Research Source: Yahoo! Finance
Community West Bank (the “Bank”), today reported net income of $7.3 million, or $0.81 per diluted share, for the year ended December 31, 2023, compared to $13.4 million, or $1.51 per diluted share, for the year ended December 31, 2022. For the quarter ended December 31, 2023, the Company reported $479,000, or $0.05 per diluted share compared to $2.3 million or $0.25 per diluted share for the preceding quarter and $3.4 million, or $0.38 per diluted share for the fourth quarter of 2022. The earnings for the fourth quarter and full year 2023 were negatively impacted by expenses associated with the pending merger with Central Valley Community Bancorp. The Company's Board of Directors declared a quarterly cash dividend of $0.08 per common share, payable February 29, 2024, to common shareholders of record on February 9, 2024. “While 2023 proved to be a challenging year for our industry, we are pleased with our 2023 operating results as we continue benefiting from the tremendous efforts Show less Read more
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