Community West Bancshares (CWBC) Declares $0.035 Quarterly Dividend; 1.9% Yield
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Community West Bancshares Earns $1.1 Million in Second Quarter 2016; Fueled by Loan and Deposit Growth, Strong Net Interest Margin and Improving Asset Quality; Book Value Per Common Share Increases
July 29, 2016 9:01 AM EDTGOLETA, Calif, July 29, 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 $1.1 million in the second quarter of 2016 (2Q16) compared to net income of $1.3 million in the first quarter of 2016 (1Q16) and a net loss of $2.3 million in the second quarter of 2015 (2Q15).
In the first six months of the year, Community West reported net income of $2.4 million compared to a net loss of $572,000 in the first six months of 2015. Excluding the net loan... More
