Community West Bancshares (CWBC) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $8.07M, or $0.30 diluted EPS, versus $10.87M and $0.57 YoY and $2.70M and $0.10 in Q2; adjusted net income was $17.79M, or $0.66 diluted EPS.

• Higher net interest income and organic growth supported results, offset by merger costs, a $6.62M legal settlement expense and elevated credit costs.

Financial highlights

• Q3 net interest income before credit-loss provision rose 52.66% YoY to $53.34M; 9M net interest income rose 39.66% to $140.26M.

• Q3 non-interest income was $4.68M, up 57.8% YoY; 9M non-interest income fell 30.8% to $5.50M, mainly reflecting $5.92M in realized securities losses.

• Q3 non-interest expense was $46.17M, including $7.17M merger costs and a $6.62M legal settlement; 9M expense increased 59.4% to $108.30M.

• 9M net income was $22.25M, or $0.91 diluted EPS, versus $27.00M and $1.42 in 9M 2025.

• At Sept. 30, total assets were $5.01B; gross loans were $3.56B, up 40.22% from year-end, and deposits were $4.22B, up 36.35%.

Segment performance

• Banking operations are the sole reportable segment; loans and leases generate most interest and fee income, with deposits, securities, bank-owned life insurance and service charges as additional revenue sources.

• The acquired student-loan portfolio had $23.0M principal outstanding and a $6.7M allowance at Sept. 30; higher-than-expected charge-offs drove consumer credit provision in Q3.