secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001628280-24-032604
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 reports Q2 net loss of $6.3M; diluted loss $0.33 per share
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- Net loss of $6,290,000 vs net income of $6,282,000 in Q2 2023; diluted loss $0.33 per share.
- Loss driven by merger-related expenses, provision for loan losses on acquired portfolio, and securities sale loss.
- Gross organic loan growth of $49M (8.89% annualized) in the quarter.
- Net interest margin improved to 3.65% from 3.42% linked quarter; fair value accretion contributed 12 bps.
- Merger completed April 1, 2024; combined entity now operates as Community West Bancshares (CWBC).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828024032604/0001628280-24-032604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828024032604/cvcy-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032604

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