---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-016761"
form_type: "8-K"
ticker: "CWBC"
cik: "0001127371"
company_name: "Community West Bancshares"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:08:06.450031+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Community West Bancshares Q1 net income falls 47% YoY to $3.68M; declares $0.12 dividend

## Summary
- Net income $3.676M ($0.31 diluted EPS) vs $6.970M ($0.59) a year earlier; net interest margin slipped to 3.42% from 3.86%.
- Total assets decreased $17.8M (0.73%) from Dec 31; loans down slightly; deposits down 0.51%.
- Board declared $0.12 per share cash dividend payable May 17 to holders of record May 3.
- Completed acquisition of Community West Bancshares on April 1; merged entity renamed to Community West Bancshares (NASDAQ: CWBC).
- No non-performing assets; net charge-offs $525k; capital ratios remain strong (Tier 1 leverage 9.34%).

## SEC filing metadata
- accession: 0001628280-24-016761
- form_type: 8-K
- ticker: CWBC
- cik: 0001127371
- company_name: Community West Bancshares
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127371/000162828024016761/0001628280-24-016761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127371/000162828024016761/cvcy-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-016761
- JSON: https://secwatch.observer/filing/0001628280-24-016761.json
- Plain text: https://secwatch.observer/filing/0001628280-24-016761.txt

## Key facts
- Earnings Releases
  Community West Bancshares reported the quarter ended March 31, 2024 results: net income $3,676,000, EPS $0.31.
  - Period: the quarter ended March 31, 2024
  - Net income: $3,676,000
  - EPS: $0.31
  - Result: reported results
  source text: reported today unaudited consolidated net income of $3,676,000, and fully diluted earnings per common share of $0.31 for the three months ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127371/000162828024016761/0001628280-24-016761-index.htm

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