Community West Bancshares reported the three months ended March 31, 2026 results: net income $11,489,000, EPS $0.60 per diluted common share.
“of Directors of Community West Bancshares (“Company”) (NASDAQ: CWBC), the parent company of Community West Bank (“Bank”), reported today unaudited consolidated net income of $11,489,000, and diluted earnings per share of $0.60 for the three months ended March 31, 2026, compared to net income of $8,293,000 and $0.44 per diluted common share for the three months”
M&A Transactions
Community West Bancshares completed an acquisition involving United Security Bancshares for approximately $185.5 million, or $10.53 per United Security Bancshares common share (closed 2026-04-01).
“common stock. Based on the closing price of Community West Bancshares common stock of $23.30 per share on March 31, 2026, the value of the merger consideration was approximately $185.5 million, or $10.53 per United Security Bancshares common share. The merger combines two relationship-focused community banks with a shared commitment to serving Central California’s”
Auditor Changes
Community West Bancshares engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”
Auditor Changes
Moss Adams LLP resigned as auditor of Community West Bancshares.
“On June 3, 2025, Community West Bancshares, (the "Company") was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025. The combined audit practices operate as Baker Tilly US, LLP (“Baker Tilly”). In connection with the notification of the merger, Moss Adams has resigned as the auditors of the Company and the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”
Hinson M. Thomas was appointed as Executive Vice President and Chief Credit Officer at Community West Bancshares.
“On March 17, 2025, Community West Bank (“Bank”), a wholly-owned subsidiary of Community West Bancshares (“Company”), appointed Hinson M. Thomas as Executive Vice President and Chief Credit Officer (“CCO”) of the Ba nk.”
Patrick A. Luis resigned as Chief Credit Officer at Community West Bancshares.
“Patrick A. Luis, Chief Credit Officer of Community West Bank (the “Bank”), notified the Bank of his decision to resign from his position with the Bank, effective February 28, 2025.”
Patrick A. Luis resigned as Chief Credit Officer at Community West Bancshares.
“Patrick A. Luis, Chief Credit Officer of Community West Bank (the "Bank"), notified the Bank of his decision to resign from his position with the Bank, effective February 28, 2025.”
Earnings Releases
Community West Bancshares reported the quarter ended March 31, 2024 results: net income $3,676,000, EPS $0.31.
“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”
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