Central Valley Community Bancorp Q4 EPS $0.65; full-year EPS $2.27 down 6.18%; declares $0.12 dividend
Community West Bancshares
- Full-year 2022 net income $26.645M ($2.27 diluted EPS) versus $28.401M ($2.31) in 2021, a 6.18% decline.
- Q4 2022 net income $7.633M ($0.65) versus $6.384M ($0.55) in Q3 2022 and $6.838M ($0.57) in Q4 2021.
- Net interest margin improved to 3.80% in Q4 from 3.39% a year ago; cost of deposits rose to 0.09%.
- Non-performing assets zero; net loan charge-offs only $18,000 in Q4; allowance for credit losses at 0.86% of loans.
- Shareholders' equity fell 29.53% due to $88.9M unrealized loss on investment securities; $0.12 dividend declared.