Community West Bancshares First Quarter 2024 Earnings: EPS: US$0.31 (vs US$0.60 in 1Q 2023)

Community West Bancshares (NASDAQ:CWBC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$20.1m (down 11% from 1Q 2023).
• Net income: US$3.68m (down 47% from 1Q 2023).
• Profit margin: 18% (down from 31% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.31 (down from US$0.60 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Community West Bancshares Earnings Insights

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Community West Bancshares (1 can't be ignored!) that you need to be mindful of.

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