Community West Bancshares (CWBC) 10-Year Financial Performance & Capital Metrics

CWBC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutCommunity West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposit; and cash management products. It also provides commercial, commercial real estate, consumer, manufactured housing, and small business administration loans, as well as agricultural loans for real estate and operating lines; home equity lines of credit collateralized by residential real estate; single family real estate loans; and installment loans consisting of automobile and general-purpose loans. The company serves small to medium-sized businesses and their owners, professionals, high-net worth individuals, and non-profit organizations. It operates through a network of seven branch banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard, and Paso Robles. Community West Bancshares was founded in 1989 and is headquartered in Goleta, California.Show more

Net Interest Income $110M +33.9%
Total Revenue $164M +51.9%
Net Income $8M -70.0%
Return on Equity 2.69% -79.9%
Net Interest Margin 3.13% -7.5%
Efficiency Ratio 56.07% +12.3%
ROA 0.26% -75.5%
Equity / Assets 10.3% +21.0%
Book Value per Share 21.11 +19.8%
Tangible BV/Share 14.94 +14.5%
Debt/Equity 0.56 -22.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Well capitalized: 10.3% equity/assets
✓Healthy dividend yield of 2.0%
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

✗Profits declining 18.6% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 46.2% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.1%

5Y16.13%

3Y26.33%

TTM-

Profit (Net Income) CAGR

10Y3.77%

5Y-18.59%

3Y-35.37%

TTM173.06%

EPS CAGR

10Y-0.64%

5Y-22.31%

3Y-42.03%

TTM36.27%

ROCE

10Y Avg11.5%

5Y Avg10.67%

3Y Avg9.39%

Latest2.79%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	40.77M	45.58M	56.24M	62.7M	63.77M	64.42M	72.55M	79.57M	82.43M	110.37M
NII Growth %	0.02%	0.12%	0.23%	0.11%	0.02%	0.01%	0.13%	0.1%	0.04%	0.34%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	41.82M	46.68M	57.38M	64.19M	66.33M	66.02M	73.86M	82.99M	102.42M	160.39M
Interest Expense	1.05M	1.1M	1.14M	1.48M	2.56M	1.59M	1.3M	3.42M	19.99M	50.02M
Loan Loss Provision	600K	-5.85M	-1.15M	50K	1.02M	3.27M	-4.43M	995K	309K	11.11M
Non-Interest Income+	7.96M	8.05M	9M	8.65M	11.4M	12.04M	7.59M	3.67M	5.68M	3.81M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	49.79M	54.73M	66.38M	72.84M	77.73M	78.05M	81.45M	86.66M	108.1M	164.2M
Revenue Growth %	0.04%	0.1%	0.21%	0.1%	0.07%	0%	0.04%	0.06%	0.25%	0.52%
Non-Interest Expense	34.59M	37.38M	42.57M	43.4M	44.2M	45.92M	46.57M	47.1M	53.96M	92.06M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	13.55M	22.1M	23.82M	27.91M	29.95M	27.26M	38.02M	35.14M	33.84M	11M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.87%	0.63%	0.08%	0.17%	0.07%	-0.09%	0.39%	-0.08%	-0.04%	-0.68%
Pretax Income+	13.55M	22.1M	23.82M	27.91M	29.95M	27.26M	38.02M	35.14M	33.84M	11M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.58M	6.92M	9.79M	6.62M	8.51M	6.91M	9.62M	8.5M	8.3M	3.33M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	10.96M	15.18M	14.03M	21.29M	21.44M	20.35M	28.4M	26.64M	25.54M	7.67M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.07%	0.38%	-0.08%	0.52%	0.01%	-0.05%	0.4%	-0.06%	-0.04%	-0.7%
Net Income (Continuing)	10.96M	15.18M	14.03M	21.29M	21.44M	20.35M	28.4M	26.64M	25.54M	7.67M
EPS (Diluted)+	1.00	1.33	1.10	1.54	1.59	1.62	2.31	2.27	2.17	0.45
EPS Growth %	1.08%	0.33%	-0.17%	0.4%	0.03%	0.02%	0.43%	-0.02%	-0.04%	-0.79%
EPS (Basic)	1.00	1.34	1.12	1.55	1.60	1.62	2.32	2.27	2.18	0.45
Diluted Shares Outstanding	11.02M	11.44M	12.72M	13.82M	13.51M	12.58M	12.55M	11.74M	11.75M	17.18M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	94.33M	38.55M	100.37M	31.73M	52.57M	70.28M	163.47M	31.17M	53.73M	120.4M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.1B	1.3B	1.43B	1.38B	1.41B	1.81B	2.15B	2.21B	2.18B	3.09B
Investments Growth %	0.07%	0.18%	0.11%	-0.04%	0.02%	0.28%	0.19%	0.03%	-0.01%	0.42%
Long-Term Investments	620.21M	747.3M	899.32M	916.85M	941.72M	1.1B	1.04B	1.56B	1.77B	2.79B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	29.92M	40.23M	53.78M	53.78M	53.78M	53.78M	53.78M	53.78M	53.78M	96.83M
Intangible Assets	1.02M	1.38M	3.03M	2.57M	1.88M	1.18M	522K	68K	0	9.27M
PP&E (Net)	9.29M	9.41M	9.4M	8.48M	7.66M	8.23M	8.38M	7.99M	14.04M	24.47M
Other Assets	25.82M	28.8M	34.67M	35.34M	36.26M	34.31M	45.15M	46.71M	129.45M	177.33M
Total Current Assets	590.48M	616.2M	661.46M	520.81M	555.47M	809.53M	1.31B	756.86M	461.75M	423.81M
Total Non-Current Assets	686.26M	827.12M	1B	1.02B	1.04B	1.19B	1.14B	1.67B	1.97B	3.1B
Total Assets+	1.28B	1.44B	1.66B	1.54B	1.6B	2B	2.45B	2.42B	2.43B	3.52B
Asset Growth %	0.07%	0.13%	0.15%	-0.07%	0.04%	0.26%	0.22%	-0.01%	0%	0.45%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%
Accounts Payable	15.99M	17.76M	21.25M	20.64M	19.77M	31.21M	40.04M	32.61M	0	0
Total Debt+	5.16M	5.55M	5.16M	15.15M	15.57M	14.04M	39.45M	115.6M	149.74M	203.33M
Net Debt	-89.17M	-33M	-95.21M	-16.57M	-37M	-56.24M	-124.01M	84.43M	96.02M	82.93M
Long-Term Debt	5.16M	5.16M	5.16M	5.16M	5.16M	5.16M	39.45M	69.6M	69.74M	69.89M
Short-Term Debt	0	400K	0	10M	0	0	0	46M	80M	133.44M
Other Liabilities	0	0	0	0	0	-8.88M	0	0	35.01M	44.98M
Total Current Liabilities	1.13B	1.27B	1.45B	1.31B	1.35B	1.75B	2.16B	2.18B	2.12B	3.04B
Total Non-Current Liabilities	5.16M	5.16M	5.16M	5.16M	15.57M	5.16M	39.45M	69.6M	104.75M	114.87M
Total Liabilities	1.14B	1.28B	1.45B	1.32B	1.37B	1.76B	2.2B	2.25B	2.23B	3.16B
Total Equity+	139.32M	164.03M	209.56M	219.74M	228.13M	245.02M	247.84M	174.66M	207.06M	362.69M
Equity Growth %	0.06%	0.18%	0.28%	0.05%	0.04%	0.07%	0.01%	-0.3%	0.19%	0.75%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.1%	0.08%	0.1%	0.1%	0.09%	0.12%	0.13%	0.13%	0.03%
Book Value per Share	12.65	14.34	16.47	15.89	16.88	19.48	19.75	14.88	17.62	21.11
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	54.42M	71.64M	103.31M	103.85M	89.38M	79.42M	66.82M	61.49M	62.55M	207.82M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	80.44M	92.9M	103.42M	120.29M	135.93M	150.75M	173.39M	194.4M	210.55M	209.98M
Accumulated OCI	4.46M	-516K	2.83M	-4.41M	2.82M	14.86M	7.63M	-81.23M	-66.03M	-55.12M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	17.52M	13M	25.22M	29.91M	21.72M	16.99M	42.85M	23.67M	27.53M	22.2M
Operating CF Growth %	0.02%	-0.26%	0.94%	0.19%	-0.27%	-0.22%	1.52%	-0.45%	0.16%	-0.19%
Net Income	10.96M	15.18M	14.03M	21.29M	21.44M	20.35M	28.4M	26.64M	25.54M	7.67M
Depreciation & Amortization	9.42M	9.23M	9.95M	8.16M	6.31M	5.5M	9M	755K	891K	2.21M
Deferred Taxes	-933K	2.59M	7.18M	403K	-589K	-1.05M	1.47M	224K	110K	-867K
Other Non-Cash Items	-3.31M	-10.4M	-5.43M	-3.04M	-6.11M	-8.32M	-3.49M	9.78M	7.26M	12.06M
Working Capital Changes	1.15M	-3.89M	-893K	2.62M	120K	37K	6.92M	-14.51M	-7.13M	254K
Cash from Investing+	-75.43M	-68.33M	46.5M	39.03M	-20.93M	-372.61M	-365.14M	-197.07M	24.52M	64.47M
Purchase of Investments	-198.85M	-278.66M	-226.74M	-225.97M	-301.25M	-540.36M	-495.88M	-301.7M	0	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	13.24M	26.28M	0	0	0	0	0	0	58.52M
Other Investing	-23.41M	-29M	-25.54M	-20.48M	-25.82M	-150.62M	50.75M	-216.56M	-32.68M	-114.86M
Cash from Financing+	75.2M	-720K	-9.9M	-137.6M	20.05M	373.32M	415.47M	41.1M	-29.49M	-20M
Dividends Paid	-1.98M	-2.71M	-3.01M	-4.27M	-5.8M	-5.53M	-5.76M	-5.64M	-5.66M	-8.23M
Share Repurchases	0	0	0	-894K	-15.62M	-11.05M	-13.62M	-6.81M	-1K	-38K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	400K	-1000K	1000K	-1000K	0	1000K	1000K	1000K	-1000K
Other Financing	77.18M	1.59M	508K	-142.44M	51.48M	389.9M	400.55M	-22.44M	-57.83M	23.26M
Net Change in Cash+	17.29M	-56.05M	61.81M	-68.66M	20.85M	17.7M	93.19M	-132.3M	22.56M	66.67M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	77.33M	94.62M	38.57M	100.38M	31.73M	52.57M	70.28M	163.47M	31.17M	53.73M
Cash at End	94.62M	38.57M	100.38M	31.73M	52.57M	70.28M	163.47M	31.17M	53.73M	120.4M
Interest Paid	1.06M	1.05M	1.17M	1.46M	2.52M	1.71M	1.17M	2.83M	20M	48.77M
Income Taxes Paid	1.86M	5.84M	4.72M	2.7M	9.14M	5.12M	8.15M	8.31M	7.7M	2.57M
Free Cash Flow+	16.78M	12.14M	24.36M	29.12M	20.84M	15.51M	41.81M	23.31M	17.72M	17.16M
FCF Growth %	0.06%	-0.28%	1.01%	0.2%	-0.28%	-0.26%	1.7%	-0.44%	-0.24%	-0.03%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.11%	10.01%	7.51%	9.92%	9.58%	8.6%	11.52%	12.61%	13.38%	2.69%
Return on Assets (ROA)	0.89%	1.12%	0.9%	1.33%	1.37%	1.13%	1.28%	1.09%	1.05%	0.26%
Net Interest Margin	3.19%	3.16%	3.38%	4.08%	3.99%	3.21%	2.96%	3.28%	3.39%	3.13%
Efficiency Ratio	69.48%	68.31%	64.14%	59.58%	56.86%	58.83%	57.17%	54.35%	49.92%	56.07%
Equity / Assets	10.91%	11.36%	12.61%	14.29%	14.29%	12.23%	10.12%	7.21%	8.51%	10.3%
Book Value / Share	12.65	14.34	16.47	15.89	16.88	19.48	19.75	14.88	17.62	21.11
NII Growth	2.24%	11.78%	23.39%	11.49%	1.7%	1.02%	12.62%	9.66%	3.6%	33.89%
Dividend Payout	18.05%	17.88%	21.46%	20.06%	27.07%	27.18%	20.27%	21.16%	22.15%	107.36%

Frequently Asked Questions

Valuation & Price

Community West Bancshares (CWBC) has a price-to-earnings (P/E) ratio of 52.0x. This suggests investors expect higher future growth.

Growth & Financials

Community West Bancshares (CWBC) grew revenue by 51.9% over the past year. This is strong growth.

Yes, Community West Bancshares (CWBC) is profitable, generating $26.4M in net income for fiscal year 2024 (4.7% net margin).

Dividend & Returns

Yes, Community West Bancshares (CWBC) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.

Community West Bancshares (CWBC) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.

Industry Metrics

Community West Bancshares (CWBC) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.

Community West Bancshares (CWBC) has an efficiency ratio of 56.1%. This is reasonable for a bank.

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