Community West Q3 net income $3.4M, EPS $0.18 vs $6.4M, $0.54 YoY; declares $0.12 dividend

Community West Bancshares

2024-Q3 EPS reported $0.05

Net income $3.385M, diluted EPS $0.18 for Q3 2024, down from $6.390M, $0.54 in Q3 2023.
Improvement from Q2 2024 net loss of $6.3M ($0.33 loss per share).
Merger-related expenses, including CECL provision on acquired loans in Q2 and securities losses in both Q2 and Q3, reduced earnings.
Board declared $0.12 per share cash dividend payable Nov 22, 2024 to holders of record Nov 8, 2024.

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