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Community West Bancshares

Sure, here are some information about Community West Bancshares, the public company with the stock symbol CWBC:

Community West Bancshares is a $2.6 billion bank holding company that trades on the NASDAQ stock exchange under the ticker symbol "CWBC." The company operates through its subsidiary, Community West Bank, which has 15 branches across California's Central Coast. It offers a full range of financial products and services to people and businesses in California's Central Coast area.

Financials:

Community West Bancshares' second-quarter net income rose to a record $5.7 million, or $1.11 per diluted share, from $3.6 million, or $0.72 per share, a year earlier. In the first half of 2022, net income increased to a record $10.5 million, or $2.03 per diluted share, from $7.4 million, or $1.47 per share, in the same period last year.

Regarding asset quality, the company recorded an allowance for loan losses of 1.25% at June 30, 2022, 1.24% at March 31, 2022, and 1.19% at December 31, 2021. Net recoveries of $99,000 and $192,000 were recorded during the second quarters of 2022 and 2021, respectively. The corporation recorded net charge-offs of $299,000 in the six months ending June 30, 2022, and $589,000 in the equivalent period of 2021.

About growth, Community West Bancshares does not provide explicit guidance, but it has been expanding its share buyback authorization. In July, the company announced that its board of directors had authorized a 29% increase in the quarterly cash dividend to $0.07 per share, reflecting continued confidence in the bank's strong capital and liquidity positions.

Overall, Community West Bancshares appears to be a well-performing community bank with a solid track record of earnings and growth, a strong commitment to shareholder value, and a focus on serving the needs of the Central Coast community. However, as with any investment, it is crucial to conduct thorough research and due diligence before deciding whether it is a good fit for your investment goals and risk tolerance.