Community West Bancshares (CWBC) Form 8-K — Oct 22, 2026
Community West Bancshares reported Q3 2026 net income of $8.07 million, or $0.30 per diluted share, up sharply from $2.70 million ($0.10) in the prior quarter but down from $10.87 million ($0.57) a year ago. The GAAP decline versus Q3 2025 was driven by a $6.6 million one-time legal settlement and $7.2 million in merger-related expenses; excluding non-core items, comparable net income was $17.79 million, or $0.66 per diluted share. The quarter marked the company's second full period after completing the United Security Bancshares merger on April 1, 2026, which added roughly $877.8 million in loans and $1.1 billion in deposits.
Key figures
- Eps
- 0.3
- Revenue
- $53,344,000 net interest income before provision (Q3 2026)
- Net Income
- 8066000
- Total Debt
- $41,000,000 short-term borrowings plus $74,912,000 senior debt and subordinated debentures
- Revenue Yoy
- +52.66% net interest income vs Q3 2025
- Total Assets
- 5013088000
- Cash Position
- 178261000
- Shares Outstanding
- 27134636
- Nim fte
- 4.65%
- Roaa gaap
- 0.65%
- Roae gaap
- 5.27%
- Gross loans
- 3562892000
- Roaa non gaap
- 1.41%
- Roae non gaap
- 11.61%
- Total deposits
- 4220482000
- Cost of deposits
- 1.27%
- Nonaccrual loans
- 38273000
- Merger expense q3
- 7166000
- Dividend per share
- 0.12
- Non gaap net income
- 17787000
- Book value per share
- 22.19
- Diluted eps non gaap
- 0.66
- Tier1 leverage ratio
- 9.69%
- Efficiency ratio gaap
- 79.57%
- Provision credit losses
- 578000
- Legal settlement expense
- 6615000
- Efficiency ratio non gaap
- 55.80%
- Tangible book value per share
- 15.34
- Non gaap comparable net income q3
- 17787000
AI analysis
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