Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 7100 N. Financial Drive, #101 FRESNO CA 93720 |
Tel: | 1-916-2354617 |
Website: | https://www.cvcb.com |
IR: | See website |
Key People | ||
Martin E. Plourd President, Director of Company and Bank | Steven D. Mcdonald Secretary, Independent Director of the company and the Bank | James J. Kim Chief Executive Officer of the Company, Chief Executive Officer and President - Community West Bank |
Robert H. Bartlein Independent Vice Chairman of the Board | Shannon Livingston Chief Financial Officer, Executive Vice President | Blaine C. Lauhon Executive Vice President, Chief Administrative Officer |
Patrick A. Luis Executive Vice President, Chief Credit Officer | Jeffrey Martin Executive Vice President and Chief Banking Officer | A. Kenneth Ramos Executive Vice President and Regional Executive for the Greater Sacramento and San Joaquin Valley Regions | Dawn M. Cagle Executive Vice President and Chief Human Resources Officer of the Bank |
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 nine months ended 30 September 2024, Community West Bancshares interest income increased 50% to $114.9M. Net interest income after loan loss provision increased 10% to $68.5M. Net income decreased 96% to $771K. Net interest income after loan loss provision reflects Traditional commercial banking services to small- sized busi segment increase of 67% to $67.9M, Net Interest Margin, Total -% increase of less than 1% to 3.59%. |
Employees: | 356 as of Sep 30, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $399.36M as of Sep 30, 2024 |
Annual revenue (TTM): | $160.39M as of Sep 30, 2024 |
EBITDA (TTM): | $34.66M as of Sep 30, 2024 |
Net annual income (TTM): | $7.67M as of Sep 30, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | $41.86M as of Sep 30, 2024 |
Shares outstanding: | 18,945,644 as of Oct 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |