Community West Bancshares (OQ:CWBC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 445 Pine Ave
GOLETA CA 93117
Tel: 1-805-6924410
Website: https://www.communitywest.com/corporate-profile/default.aspx
IR: See website
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Key People
Martin E. Plourd
President, Chief Executive Officer, Director, President of the Bank
Richard Pimentel
Chief Financial Officer, Executive Vice President
William F. Filippin
President of Community West Bank
Timothy J. Stronks
Executive Vice President, Chief Operating Officer and Chief Risk Officer of CWB
   
Business Overview
Community West Bancshares is a bank holding company. The Company, through its subsidiary, Community West Bank, N.A., provides full-service banking services. The Company is focused on relationship-based banking to small and medium-sized businesses and their owners, professional, high-net worth individuals, and non-profit organizations in the communities served by its branch offices. The Company's products and services include deposit products such as checking accounts, savings accounts, money market accounts and fixed rate, fixed maturity certificates of deposits, cash management products, and lending products, including commercial, commercial real estate, agricultural, and consumer loans. The Company has seven California branch banking offices located in Goleta, Oxnard, San Luis Obispo, Santa Barbara, Santa Maria, Ventura, and Paso Robles.
Financial Overview
For the fiscal year ended 31 December 2023, Community West Bancshares interest income increased 17% to $57.5M. Net interest income after loan loss provision decreased 7% to $42.7M. Net income decreased 46% to $7.3M. Net interest income after loan loss provision reflects Bank holding company segment decrease from $46M to $0K, Net Interest Margin - Total - % decrease of 5% to 4.02%, Net Interest Spread - Total - % decrease of 16% to 3.43%.
Employees: 134 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $57.52M as of Dec 31, 2023
EBITDA (TTM): $12.49M as of Dec 31, 2023
Net annual income (TTM): $7.32M as of Dec 31, 2023
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 18,222,038 as of Mar 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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