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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.