Community West Bancshares Q2 net income falls to $2.7 million, EPS $0.10
Community West Bancshares reported unaudited second-quarter 2026 net income of $2,695,000, or $0.10 per diluted share, down from $7,832,000, or $0.41, a year earlier. The filing ties the decline mainly to merger and conversion costs from the April 1, 2026 combination with United Security Bancshares, a $5,899,000 loss on securities sales and a higher provision for credit losses, while net interest income rose year over year. The board also declared a $0.12 per share cash dividend payable August 21, 2026.
Key points
- Net income of $2,695,000 ($0.10 per diluted share) for the quarter ended June 30, 2026, versus $11,489,000 ($0.60) in the prior quarter and $7,832,000 ($0.41) a year earlier.
- Non-core items included merger and conversion costs of $7,747,000, a loss on sales and calls of investment securities of $5,899,000, and a provision for credit losses of $5,635,000.
- Comparable (non-GAAP) diluted EPS was $0.45; net interest margin was 4.56%, up from 4.30% in the first quarter of 2026.
- The board declared a $0.12 per share cash dividend payable August 21, 2026, to shareholders of record as of August 7, 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.