Community West Bancshares CWBC
Effective April 1, 2024, Central Valley Community Bancorp, completed its merger transaction with Community West Bancshares. Shortly thereafter, Community West Bank, a wholly owned subsidiary of Community West Bancshares, merged with and into Central Valley Community Bank, a wholly owned subsidiary of Central Valley Community Bancorp, with Central Valley Community Bank being the surviving banking institution. Effective with these mergers, the names of Central Valley Community Bancorp and Central Valley Community Bank were changed to Community West Bancshares and Community West Bank, respectively.
Community West Bancshares is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the "Company"). The Company was incorporated on February 7, 2000 as a California corporation, for the purpose of becoming the holding company for Community West Bank (the "Bank"), formerly known as Central Valley Community Bank, a California state chartered bank.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $185.7M | $160.4M | $102.4M | $83.0M | $73.9M | $66.0M | $66.3M | $64.2M | $57.4M | $46.7M |
| Interest expense | $136.2M | $110.4M | $82.4M | $79.6M | $1.3M | $1.6M | $2.6M | $1.5M | $1.1M | $1.1M |
| Pre-tax income | $52.5M | $11.0M | $33.8M | $35.1M | $38.0M | $27.3M | $30.0M | $27.9M | $23.8M | $22.1M |
| Income tax | $14.4M | $3.3M | $8.3M | $8.5M | $9.6M | $6.9M | $8.5M | $6.6M | $9.8M | $6.9M |
| Net income | $38.2M | $7.7M | $26.6M | $26.6M | $28.4M | $20.3M | $21.4M | $21.3M | $14.0M | $15.2M |
| EPS, basic | 2.01 | 0.45 | 2.17 | 2.27 | 2.32 | 1.62 | 1.60 | 1.55 | 1.12 | 1.34 |
| EPS, diluted | 2.00 | 0.45 | 2.17 | 2.27 | 2.31 | 1.62 | 1.59 | 1.54 | 1.10 | 1.33 |
| Shares, diluted (wtd. avg.) | 19.1M | 17.2M | 11.8M | 11.7M | 12.3M | 12.6M | 13.5M | 13.8M | 12.7M | 11.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $119.0M | $120.4M | $53.7M | $31.2M | $163.5M | $70.3M | $52.6M | $31.7M | $100.4M | $38.6M |
| Property, plant and equipment | $23.5M | $24.5M | $14.0M | $8.0M | $8.4M | $8.2M | $7.6M | $8.5M | $9.4M | $9.4M |
| Goodwill | $96.8M | $96.8M | $53.8M | $53.8M | $53.8M | $53.8M | $53.8M | $53.8M | $53.8M | $40.2M |
| Other intangibles | $8.3M | $9.3M | $0 | $68.0K | $522.0K | $1.2M | $1.9M | $2.6M | $3.0M | $1.4M |
| Total assets | $3.69B | $3.52B | $2.43B | $2.42B | $2.45B | $2.00B | $1.60B | $1.54B | $1.66B | $1.44B |
| Long-term debt | $69.5M | $69.9M | $69.7M | — | — | — | — | — | — | — |
| Total liabilities | $3.28B | $3.16B | $2.23B | $2.25B | $2.20B | $1.76B | $1.37B | $1.32B | $1.45B | $1.28B |
| Retained earnings | $239.0M | $210.0M | $210.5M | $194.4M | $173.4M | $150.7M | $135.9M | $120.3M | $103.4M | $92.9M |
| Total equity | $409.6M | $362.7M | $207.1M | $170.9M | $247.8M | $245.0M | $228.1M | $219.7M | $209.6M | $164.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $46.1M | $22.2M | $27.5M | $23.7M | $42.9M | $17.0M | $21.7M | $29.9M | $25.2M | $13.0M |
| Depreciation and amortisation | $3.3M | $2.2M | $891.0K | $755.0K | $897.0K | $881.0K | $1.7M | $1.7M | $1.4M | $1.3M |
| Stock-based compensation | $1.2M | $879.0K | $858.0K | $776.0K | $562.0K | $470.0K | $555.0K | $482.0K | $384.0K | $284.0K |
| Capital expenditure | $2.5M | $5.0M | $9.8M | $362.0K | $1.0M | $1.5M | $876.0K | $791.0K | $859.0K | $861.0K |
| Investing cash flow | -$160.5M | $64.5M | $24.5M | -$197.1M | -$365.1M | -$372.6M | -$20.9M | $39.0M | $46.5M | -$68.3M |
| Financing cash flow | $113.0M | -$20.0M | -$29.5M | $41.1M | $415.5M | $373.3M | $20.1M | -$137.6M | -$9.9M | -$720.0K |
| Dividends paid | $9.2M | $8.2M | $5.7M | $5.6M | $5.8M | $5.5M | $5.8M | $4.3M | $3.0M | $2.7M |
| Buybacks | $151.0K | $38.0K | $1.0K | $6.8M | $13.6M | $11.1M | $15.6M | $894.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024768.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.7M | $57.4M | $64.2M | $66.3M | $66.0M | $73.9M | $83.0M | $102.4M | $160.4M | $185.7M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $15.2M | $14.0M | $21.3M | $21.4M | $20.3M | $28.4M | $26.6M | $26.6M | $7.7M | $38.2M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Other event Item 8.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote Item 5.07
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6022
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| BNY | Bank of New York Mellon Corp | $98.57B | 19.6x | 7.8% |
| FITB | FIFTH THIRD BANCORP | $48.05B | 15.0x | -5.0% |
| STT | STATE STREET CORP | $46.10B | 17.9x | 7.3% |
| MTB | M&T BANK CORP | $32.01B | 13.0x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $30.72B | 19.2x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $27.44B | 16.9x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $27.41B | 14.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.97B | 13.8x | 2.4% |