Community West Bancshares (OQ:CWBC)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 7100 N. Financial Drive, #101
Tel: 1-916-2354617
IR: See website
Key People
Martin E. Plourd
President, Director of Company and Bank
Jeffrey Martin
Executive Vice President and Chief Banking Officer
James J. Kim
Chief Executive Officer of the Company, Chief Executive Officer and President - Community West Bank
Robert H. Bartlein
Vice Chairman of the Board
Shannon Livingston
Chief Financial Officer, Executive Vice President
Blaine C. Lauhon
Executive Vice President, Chief Administrative Officer
T. Joseph Stronks
Executive Vice President, Chief Risk Officer
Dawn P. Crusinberry
Executive Vice President
William F. Filippin
Executive Vice President and Regional Executive for the Coast Region
Patrick A. Luis
Executive Vice President, Chief Credit Officer
Business Overview
Community West Bancshares, formerly Central Valley Community Bancorp, is a financial services company. The Company is the holding company for Community West Bank (the Bank), the publicly traded community bank (by assets). The principal business activities of the Company are relationship banking, manufactured housing lending and government guaranteed lending. Its personal banking services include checking, savings, personal loans, real estate loans, personal credit cards, online banking, mobile banking, bill pay, Zelle, eStatements, Certificates of Deposit (CDs) & money markets, Visa Debit Cards and IRAs. Its business banking services include business loans, agriculture loans, SBA loans, real estate loans, business credit cards, cash management services, business online banking, merchant card services and others. The Bank operates 27 full-service Banking Centers throughout Central California from Sacramento in the north, throughout the San Joaquin Valley and west to the Coast.
Financial Overview
For the three months ended 31 March 2024, Community West Bancshares interest income increased 6% to $25.6M. Net interest income after loan loss provision decreased 14% to $18.5M. Net income decreased 47% to $3.7M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Interest on Deposits increase from $1M to $5M (expense).
Employees: 253 as of Mar 31, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $356.45M as of Mar 31, 2024
Annual revenue (TTM): $103.90M as of Mar 31, 2024
EBITDA (TTM): $42.94M as of Mar 31, 2024
Net annual income (TTM): $22.24M as of Mar 31, 2024
Free cash flow (TTM): $5.60M as of Mar 31, 2024
Net Debt Last Fiscal Year: $44.71M as of Mar 31, 2024
Shares outstanding: 18,870,184 as of Apr 30, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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