Community West Bancshares (CWBC) Tops Q4 EPS by 1c

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Go back to Community West Bancshares (CWBC) Tops Q4 EPS by 1c

Community West Bancshares Reports Fourth Quarter 2022 Earnings of $3.4 Million, or $0.38 Per Diluted Share, and Record Net Income of $13.4 Million, or $1.51 Per Diluted Share, for the Year; Increase

January 27, 2023 9:00 AM EST

GOLETA, Calif., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Community West Bancshares (Community West or the Company), (NASDAQ: CWBC), parent company of Community West Bank (the Bank), today reported net income of $3.4 million, or $0.38 per diluted share, for the fourth quarter of 2022, compared to $3.5 million, or $0.39 per diluted share, for the preceding quarter, and $2.9 million, or $0.33 per diluted share, for the fourth quarter of 2021. For the full year 2022, the Company reported record net income of $13.4 million, or $1.51 per diluted share, compared to $13.1 million, or $1.50 per diluted share, for the full year 2021.

Earnings for the fourth... More