Community West Bancshares (CWBC) Form 10-Q — Aug 10, 2026
Community West Bancshares reported Q2 2026 net income of $2.70 million, or $0.10 per diluted share, down from $11.49 million, or $0.60 per diluted share, in the first quarter of 2026. The decline was driven by non-recurring items: $7.75 million of merger and conversion costs, a $5.90 million net realized loss on securities sales tied to portfolio repositioning, and a $5.64 million provision for credit losses versus $90,000 in the trailing quarter. The quarter is the first full reporting period since the company completed its merger with United Security Bancshares on April 1, 2026, a stock-for-stock deal valued at $184.7 million.
Key figures
- Eps
- $0.10 Q2 2026 diluted GAAP; $0.61 six months
- Net Income
- $2,695,000 Q2 2026; $14,184,000 six months 2026
- Total Debt
- FHLB borrowings $175.0M; subordinated/senior debt $75.3M
- Total Assets
- 5034240000
- Cash Position
- 206837000
- Shares Outstanding
- 27131078
- Cet1 Ratio
- 11.41%
- Gross Loans
- 3543783000
- Total Deposits
- 4119462000
- Assets Acquired
- 1201180000
- Acl To Gross Loans
- 1.39%
- Goodwill Created
- 57772000
- Book Value Per Share
- 22.4
- Liabilities Assumed
- 1074280000
- Tier1 Leverage Ratio
- 9.79%
- Merger Consideration
- 184672000
- Net Interest Margin Q2
- 4.56%
- Net Loan Charge Offs Q2
- 5498000
- Non Gaap Diluted Eps Q2
- 0.45
- Non Performing Assets
- 27942000
- Shares Issued In Merger
- 7922108
- Merger Conversion Ratio
- 0.4520
- Allowance For Credit Losses
- 49422000
- Dividend Per Share Declared
- 0.12
- Net Interest Income Q2 2026
- 50912000
- Tangible Book Value Per Share
- 15.5
- Day1 Allowance Acquired Loans
- 19400000
- Merger And Conversion Costs Q2
- 7747000
- Provision For Credit Losses Q2
- 5635000
- Total Risk Based Capital Ratio
- 13.63%
- Securities Repositioning Loss
- 5899000
- Non Gaap Comparable Net Income Q2
- 12307000
- Net Interest Income Six Months 2026
- 86916000
Price after filing
Close on the filing date to close N calendar days later (from $24.90). Historical, not a forecast.
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