Community West Bancshares (CWBC) Reports Q1 EPS of $0.19

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Go back to Community West Bancshares (CWBC) Reports Q1 EPS of $0.19

Community West Bancshares Earns $1.8 Million in First Quarter; Book Value Per Common Share Increases to $7.50; Increases Quarterly Cash Dividend 50% to $0.03 per Common Share

April 24, 2015 9:00 AM EDT

GOLETA, Calif., April 24, 2015 (GLOBE NEWSWIRE) -- Community West Bancshares (Community West or the Company), (Nasdaq: CWBC), parent company of Community West Bank (Bank), today reported net income of $1.8 million in the first quarter of 2015 (1Q15) compared to $2.2 million in the fourth quarter of 2014 (4Q14) and $1.4 million in the first quarter a year ago (1Q14). First quarter pretax income increased to $3.0 million, compared to $2.4 million in the first quarter a year ago.

"Community West's first quarter accomplishments were a good start to the year as we continue to successfully strengthen our balance sheet and deliver... More