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.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |