Community West Bancshares (CWBC) Reports Q3 EPS of $0.17

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Go back to Community West Bancshares (CWBC) Reports Q3 EPS of $0.17

Community West Bancshares Earns $1.6 Million in Third Quarter; Highlighted by Strong Loan Growth and a Decrease in Net Nonaccrual Loans to Lowest Level Since 2007; Declared Quarterly Cash Dividend of

October 22, 2015 9:01 AM EDT

GOLETA, Calif., Oct. 22, 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 $1.6 million in the third quarter of 2015 (3Q15) compared to net income of $1.7 million in the third quarter a year ago (3Q14). In the first nine months of the year, Community West reported net income of $1.0 million compared to net income of $4.9 million in the first nine months of 2014. Excluding the $7.1 million net loan litigation settlement, Community West's net income for the nine-month period would have been $5.2 million. (See page 8... More