Q3 Net Income Jumps to $8.1M as Merger Costs Fade; Dividend Held at $0.12
CWBC sits 27% above its 52-week low of $20.7.
Summary
Community West Bancshares earned $8.07 million, or $0.30 per diluted share, in Q3 2026 — up sharply from $2.70 million and $0.10 in Q2, though still below the $10.87 million and $0.57 reported a year earlier. The quarter absorbed $7.2 million of merger and conversion costs plus a $6.6 million one-time legal settlement tied to a former depositor; excluding those items, comparable EPS was $0.66 versus $0.45 in Q2. Net interest margin rose to 4.65% from 4.56%, the tenth straight quarter of expansion, and the credit-loss provision fell to $578,000 from $5.6 million in Q2. Deposits grew 2.45% to $4.22 billion as brokered deposits fell $107.5 million, and the board declared the usual $0.12 quarterly dividend payable November 20. Management flagged a more normalized fourth quarter as merger costs roll off — that guidance is the number to test against the Q2 10-Q, which showed a sharp profit decline on merger costs and rising non-performing assets.
At the time of this announcement, CWBC was trading at $26.31 on NASDAQ in the Finance sector, with a market capitalization of approximately $713.8M. The 52-week trading range was $20.70 to $28.17. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.