secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001628280-24-001663
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828024001663/0001628280-24-001663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828024001663/cvcy-20240118.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001663

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