Community West Bancshares (CWBC) Reports Q4 EPS of $0.21

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Go back to Community West Bancshares (CWBC) Reports Q4 EPS of $0.21

Community West Bancshares Earns $1.9 Million in Fourth Quarter; Results Driven by 10% Annual Loan Growth and Continued Improvement in Asset Quality; Declares Quarterly Cash Dividend of $0.03 Per Com

January 26, 2016 9:04 AM EST

GOLETA, Calif., Jan. 26, 2016 (GLOBE NEWSWIRE) -- Community West Bancshares (Community West or the Company), (NASDAQ: CWBC), parent company of Community West Bank (Bank), today reported net income of $1.9 million in the fourth quarter of 2015 (4Q15) compared to net income of $1.6 million in the third quarter (3Q15) and $2.2 million in the fourth quarter a year ago (4Q14).  For the full year, Community West reported net income of $2.9 million compared to net income of $7.0 million a year ago.  Excluding the $7.1 million net loan litigation settlement, Community Wests net income for the year would have been $7.0 million. (See page 8 Non-Gaap... More