CWBC · Community West Bancshares

Community West Bancshares delivered solid Q1 2026 results with net income of $11.49 million and diluted EPS of $0.60, surpassing the prior quarter's $11.17 million and $0.58, and significantly ahead of $8.29 million and $0.44 from Q1 2025. Key drivers included net interest income growth to $36.0 million from $35.7 million in Q4 2025, fueled by a 6 basis point expansion in net interest margin to 4.30%, supported by higher yields on interest-earning assets at 5.71% and stable deposit costs at 1.40%. Non-interest income rose 9.5% quarter-over-quarter to $2.79 million, led by Federal Home Loan Bank dividends surging 130%, while non-interest expenses increased modestly to $23.0 million, with merger costs at $289,000 down from $520,000. Provision for credit losses dropped sharply to $90,000 from $515,000, reflecting improved credit quality. Balance sheet growth was evident with gross loans up $10.2 million and deposits expanding $46.3 million sequentially. CEO James J. Kim highlighted the strong start and the April 1 merger completion with United Security Bancshares, which enhances client solutions and Central California presence without impacting Q1 results, as combined operations begin in Q2. CFO Shannon Livingston noted organic growth and disciplined execution. Strong capital positions persisted, with Total Risk-Based Capital at 14.24%. The board's $0.12 dividend declaration signals confidence in sustained performance.