earnings
confidence high
sentiment negative
materiality 0.75
Community West Bancshares Q2 net income falls to $2.7M from $7.8M YoY; merger costs weigh
Community West Bancshares
- Net income of $2.695M ($0.10 diluted EPS) vs $7.832M ($0.41) in Q2 2025; includes $7.5M merger expenses and $5.9M securities loss.
- Provision for credit losses surged to $5.635M from $90K in prior quarter, driven by larger balance sheet and peer group update.
- Completed merger with United Security Bancshares on April 1, 2026; total assets surpassed $5B.
- Net interest margin (FTE) improved to 4.56% from 4.30% in Q1 2026; cost of deposits fell to 1.31%.
- Declared $0.12 per share cash dividend, payable Aug 21, 2026 to holders of record Aug 7, 2026.