Yahoo Finance 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 32% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Community West Bancshares (1 is concerning!) that we have uncovered.
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