Community West Bancshares (CWBC) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Community West Bancshares (CWBC) reported a revenue of $31.32 million for Q3 2024, marking a year-over-year increase of 41.7% but falling short of the Zacks Consensus Estimate by 5.70% [1] - The earnings per share (EPS) for the quarter was $0.30, down from $0.54 a year ago, and also below the consensus estimate of $0.38, resulting in an EPS surprise of -21.05% [1] Financial Performance Metrics - Net Interest Margin stood at 3.7%, matching the average estimate from three analysts [1] - Efficiency Ratio was reported at 88.4%, significantly higher than the average estimate of 67.3% from three analysts [1] - Total Nonaccrual Loans amounted to $3.25 million, slightly above the average estimate of $3.04 million from two analysts [1] - Net Charge-Offs as a percentage of Average Loans were reported at 0%, better than the average estimate of 0.1% from two analysts [1] - Total Nonperforming Assets were $3.25 million, again above the average estimate of $3.04 million [1] - Average Interest-Earning Assets were reported at $3.29 billion, close to the average estimate of $3.30 billion from two analysts [1] - Total Non-Interest Income was $1.11 million, significantly lower than the average estimate of $2.83 million from three analysts [1] - Net Interest Income was reported at $30.21 million, slightly below the average estimate of $30.38 million from three analysts [1] Stock Performance - Over the past month, shares of Community West Bancshares have returned -2.9%, contrasting with the Zacks S&P 500 composite's +1.5% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]