secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001628280-24-016761
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828024016761/0001628280-24-016761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828024016761/cvcy-20240418.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-016761

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