Community West Bancshares Reports Fourth-Quarter Earnings
Fresno, Calif. (AP) - Community West Bancshares (CWBC) reported fourth-quarter earnings of $6.9 million, missing Wall Street expectations.
The Fresno-based company's net income was 36 cents per share. Adjusted for non-recurring costs, earnings came in at 38 cents per share, below the 45 cents per share consensus estimate from Zacks Investment Research.
Revenue for the quarter totaled $47.8 million, with adjusted revenue coming in at $34.3 million, exceeding analysts' forecasts. Zacks had projected adjusted revenue of $34.1 million.
For the full year, CWBC reported a profit of $7.7 million or 45 cents per share. Revenue was $116.8 million.