Community West Bancshares Q2 2024 Earnings Report

Community West Bancshares EPS Results

• Actual EPS: $0.41
• Consensus EPS: -$0.01
• Beat/Miss: Beat by +$0.42
• One Year Ago EPS: N/A

Community West Bancshares Revenue Results

• Actual Revenue: $30.46 million
• Expected Revenue: $37.14 million
• Beat/Miss: Missed by -$6.68 million
• YoY Revenue Growth: N/A

Community West Bancshares Announcement Details

• Quarter: Q2 2024
• Date: 7/23/2024
• Time: N/A
• Conference Call Date: Tuesday, July 23, 2024
• Conference Call Time: 7:00AM ET

Community West Bancshares (NASDAQ:CWBC), Inc. is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities. On the lending side, Community West Bancshares extends commercial real estate loans, construction and development financing, equipment loans, lines of credit, residential mortgages and SBA-guaranteed loans. Ancillary services include treasury and cash-management solutions, remote deposit capture, merchant card processing and mortgage banking.

Community West Bancshares concentrates its branch network and lending activities in Santa Barbara and Ventura counties, with outreach into adjacent Los Angeles communities. The institution emphasizes relationship banking and local decision-making, aiming to support regional economic development. Guided by an experienced executive management team and board of directors, Community West Bancshares upholds a commitment to customer service, community engagement and sustainable growth.