Community West Bancshares, the parent company of Community West Bank, released its earnings results for the quarter ended June 30, 2025. The company reported a net income of $7.832 million, a significant improvement from a net loss of $6.290 million recorded in the same period in 2024. The diluted earnings per share for the three months ended June 30, 2025, stood at $0.41, compared to a loss of $0.33 per diluted share in the prior year. Net interest income before provision for credit losses increased to $33.304 million from $29.057 million in the same quarter of the previous year. However, the quarter saw a provision for credit losses on loans amounting to $2.613 million, compared to $9.831 million in the same period in 2024. Total non-interest income for the quarter was $2.364 million, down from $2.611 million in the previous quarter. Total non-interest expenses decreased to $22.296 million from $28.503 million in the prior year. The company highlighted a decline in the cost of deposits compared to both the prior quarter and year-end 2024, emphasizing the strength of its client relationships. Additionally, there was an increase in gross loans and total deposits during the second quarter and year-to-date, reflecting a positive trajectory and operational strength. The Board of Directors declared a cash dividend of $0.12 per common share, payable on August 15, 2025, to shareholders of record as of August 1, 2025.
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