---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-001663"
form_type: "8-K"
ticker: "CWBC"
cik: "0001127371"
company_name: "Community West Bancshares"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T21:42:45.410070+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Central Valley Q4 net income down 23% to $5.9M ($0.50 EPS); merger on track for April 1

## Summary
- Net income $5.9M ($0.50 diluted EPS) vs $7.6M ($0.65) in Q4 2022; full year $25.5M ($2.17) vs $26.6M ($2.27).
- Net interest margin improved to 3.52% from 3.47% in Q3 2023; net loans up 2.46% YoY to $1.28B.
- Total deposits decreased 2.76% to $2.04B; cost of deposits was 0.87% in Q4 vs 0.90% in Q3.
- Declared quarterly dividend of $0.12/share, payable Feb 16 to holders of record Feb 2.
- Merger with Community West received all regulatory approvals; shareholder meetings Feb 8; expected close April 1.

## SEC filing metadata
- accession: 0001628280-24-001663
- form_type: 8-K
- ticker: CWBC
- cik: 0001127371
- company_name: Community West Bancshares
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127371/000162828024001663/0001628280-24-001663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127371/000162828024001663/cvcy-20240118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-001663
- JSON: https://secwatch.observer/filing/0001628280-24-001663.json
- Plain text: https://secwatch.observer/filing/0001628280-24-001663.txt

## Key facts
- Earnings Releases
  Community West Bancshares reported the year ended December 31, 2023 results: net income $25,536,000, EPS $2.17.
  - Period: the year ended December 31, 2023
  - Net income: $25,536,000
  - EPS: $2.17
  - Result: reported results
  source text: Central Valley Community Bancorp issued a press release containing unaudited financial information and accompanying discussion for the quarter and three months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127371/000162828024001663/0001628280-24-001663-index.htm
- Earnings Releases
  Community West Bancshares reported the quarter ended December 31, 2023 results: net income $5,893,000, EPS $0.50.
  - Period: the quarter ended December 31, 2023
  - Net income: $5,893,000
  - EPS: $0.50
  - Result: reported results
  source text: Central Valley Community Bancorp issued a press release containing unaudited financial information and accompanying discussion for the quarter and three months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127371/000162828024001663/0001628280-24-001663-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.