Community West Bancshares (CWBC)

Community West Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	109.87	69.8	55.91	54.08	52.07	51.46
Interest Income on Investments	30.86	32.62	27.08	19.78	13.95	14.87
Total Interest Income	140.73	102.42	82.99	73.86	66.02	66.33
Interest Paid on Deposits	34.42	15.53	1.2	1.04	1.47	1.93
Interest Paid on Borrowings	7.86	4.46	2.23	0.27	0.13	0.63
Total Interest Expense	42.27	19.99	3.42	1.3	1.6	2.56
Net Interest Income	98.46	82.43	79.57	72.55	64.42	63.77
Net Interest Income Growth (YoY)	16.78%	3.60%	9.66%	12.62%	1.02%	1.70%
Gain (Loss) on Sale of Assets	0.4	0.4	0.02	0.01	-	-
Gain (Loss) on Sale of Investments	-4.81	-0.91	-1.73	0.5	4.25	5.2
Other Non-Interest Income	10.82	7.53	6.77	8.5	8.38	8.11
Total Non-Interest Income	6.41	7.02	5.05	9.01	12.63	13.31
Non-Interest Income Growth (YoY)	12.02%	38.90%	-43.88%	-28.70%	-5.07%	28.87%
Revenues Before Loan Losses	104.87	89.45	84.62	81.56	77.05	77.08
Provision for Loan Losses	9.72	0.31	1	-4.44	3.28	1.03
Revenue	95.15	89.14	83.63	85.99	73.78	76.05
Revenue Growth (YoY)	6.84%	6.59%	-2.75%	16.56%	-2.99%	4.21%
Salaries and Employee Benefits	43.16	30.91	28.46	28.53	28.13	26.1
Occupancy Expenses	5.65	3	2.64	2.44	4.63	5.44
Federal Deposit Insurance	1.78	1.31	0.85	0.83	0.49	0.25
Amortization of Goodwill & Intangibles	0.5	0.07	0.45	0.66	0.7	0.7
Selling, General & Administrative	19.42	14.88	11.7	11.4	8.58	7.49
Other Non-Interest Expense	7.32	5.13	4.38	4.12	5.16	6.12
Total Non-Interest Expense	77.83	55.3	48.48	47.98	47.68	46.1
EBT Excluding Unusual Items	17.32	33.84	35.14	38.02	26.09	29.95
Pretax Income	8.78	33.84	35.14	38.02	27.26	29.95
Income Tax Expense	2.12	8.3	8.5	9.62	6.91	8.51
Net Income	6.67	25.54	26.65	28.4	20.35	21.44
Net Income to Common	6.67	25.54	26.65	28.4	20.35	21.44
Net Income Growth	-75.56%	-4.16%	-6.18%	39.58%	-5.11%	0.72%
Basic Shares Outstanding	15	12	12	12	13	13
Diluted Shares Outstanding	15	12	12	12	13	14
Shares Change (YoY)	31.00%	0.12%	-4.42%	-2.34%	-6.94%	-2.25%
EPS (Basic)	0.44	2.18	2.27	2.32	1.62	1.60
EPS (Diluted)	0.44	2.17	2.27	2.31	1.62	1.59
EPS Growth	-81.26%	-4.41%	-1.73%	42.59%	1.89%	3.25%
Dividend Per Share	0.480	0.480	0.480	0.470	0.440	0.430
Dividend Growth	0%	0%	2.13%	6.82%	2.33%	38.71%
Effective Tax Rate	24.09%	24.54%	24.18%	25.29%	25.36%	28.41%

Source: S&P Capital IQ. Banks template. Financial Sources.