Community West Bancshares (CWBC)

Community West Bancshares Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	90.14	69.8	55.91	54.08	52.07	51.46
Interest Income on Investments	31.77	32.62	27.08	19.78	13.95	14.87
Total Interest Income	121.91	102.42	82.99	73.86	66.02	66.33
Interest Paid on Deposits	26.94	15.53	1.2	1.04	1.47	1.93
Interest Paid on Borrowings	6.2	4.46	2.23	0.27	0.13	0.63
Total Interest Expense	33.14	19.99	3.42	1.3	1.6	2.56
Net Interest Income	88.77	82.43	79.57	72.55	64.42	63.77
Net Interest Income Growth (YoY)	5.75%	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	-3	-0.91	-1.73	0.5	4.25	5.2
Other Non-Interest Income	9.48	7.53	6.77	8.5	8.38	8.11
Total Non-Interest Income	6.89	7.02	5.05	9.01	12.63	13.31
Non-Interest Income Growth (YoY)	22.58%	38.90%	-43.88%	-28.70%	-5.07%	28.87%
Revenues Before Loan Losses	95.66	89.45	84.62	81.56	77.05	77.08
Provision for Loan Losses	10.43	0.31	1	-4.44	3.28	1.03
Revenue	85.23	89.14	83.63	85.99	73.78	76.05
Revenue Growth (YoY)	-3.45%	6.59%	-2.75%	16.56%	-2.99%	4.21%
Salaries and Employee Benefits	36.99	30.91	28.46	28.53	28.13	26.1
Federal Deposit Insurance	1.31	1.31	0.85	0.83	0.49	0.25
Amortization of Goodwill & Intangibles	0.07	0.07	0.45	0.66	0.7	0.7
Selling, General & Administrative	15.07	14.88	11.7	11.4	8.58	7.49
Other Non-Interest Expense	14.24	5.13	4.38	4.12	5.16	6.12
Total Non-Interest Expense	72.13	55.3	48.48	47.98	47.68	46.1
EBT Excluding Unusual Items	13.11	33.84	35.14	38.02	26.09	29.95
Pretax Income	13.11	33.84	35.14	38.02	27.26	29.95
Income Tax Expense	3.44	8.3	8.5	9.62	6.91	8.51
Earnings From Continuing Operations	9.67	25.54	26.65	28.4	20.35	21.44
Net Income to Common	9.67	25.54	26.65	28.4	20.35	21.44
Basic Shares Outstanding	14	12	12	12	13	13
Diluted Shares Outstanding	14	12	12	12	13	14
Shares Change (YoY)	15.79%	0.12%	-4.42%	-2.34%	-6.94%	-2.25%
EPS (Basic)	0.72	2.18	2.27	2.32	1.62	1.60
EPS (Diluted)	0.71	2.17	2.27	2.31	1.62	1.59
EPS Growth	-69.56%	-4.41%	-1.73%	42.59%	1.89%	3.25%
Effective Tax Rate	26.23%	24.54%	24.18%	25.29%	25.36%	28.41%
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%

Source: S&P Capital IQ. Banks template.