Community West Bancshares (CWBC) Declares $0.075 Quarterly Dividend; 2.2% Yield

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Go back to Community West Bancshares (CWBC) Declares $0.075 Quarterly Dividend; 2.2% Yield

Community West Bancshares Earnings Increase 31% to $4.0 Million, or $0.45 Per Diluted Share, in 1Q22 Compared to 1Q21; Declares Increased Quarterly Cash Dividend of $0.075 Per Common Share

April 29, 2022 9:00 AM EDT

GOLETA, Calif., April 29, 2022 (GLOBE NEWSWIRE) -- Community West Bancshares (Community West or the Company), (NASDAQ: CWBC), parent company of Community West Bank (the Bank), today reported net income increased 31.1% to $4.0 million, or $0.45 per diluted share, for the first quarter of 2022, compared to $3.0 million, or $0.35 diluted share, for the first quarter of 2021, and increased 36.8% compared to $2.9 million, or $0.33 per diluted share, for the fourth quarter of 2021.

The increase in earnings during the first quarter of 2022, compared to the fourth quarter of 2021, included a $549,000 tax exempt payout on a bank owned life insurance (BOLI)... More