Mixed earnings reports for banking and real estate companies
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Community West reports earnings decline as PPP loans wind down
Goleta-based Community West Bank reported a drop in net income in its most recent quarter, as the federal Paycheck Protection Program wound down. Community West Bancshares, the bank’s holding company, released its earnings report for the second quarter of 2022 before the markets opened July 29. Its net income for the quarter was $2.6 million, Read More →
Income grows at Community West Bank as PPP loans phase out
Net income for Goleta-based Community West Bancshares increased more than 31% for the quarter ended March 31, to $4 million, or 45 cents per diluted share, the company announced April 29. The holding company for Community West Bank reported net income of $3 million, or 35 cents per diluted share, for the same period last Read More →
Community West Bank reports ‘solid revenue growth’
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Earnings up as Community West Bank reports 10% non-PPP loan growth
Goleta-based Community West Bancshares reported “strong” earnings in the third quarter, fueled by an expanded balance sheet and increased net interest, according to a quarterly report released Nov. 1. The parent company of Community West Bank said its net income for the most recent quarter was $3.6 million, or 41 cents per diluted share, compared Read More →
Community West Bank names new president
Goleta-based Community West Bancshares announced Oct. 4 that William Filippin, a 26-year banking industry veteran, has been promoted to president of Community West Bank. Filippin’s responsibilities include day-to-day decisions about policy, procedure and process, according to a news release from Community West Bancshares. He began his new role on Oct. 1. “Bill’s strategic contributions over Read More →
Community West Bank reports increase in quarterly earnings
In another sign of strength for the regional banking industry, Goleta-based Community West Bancshares reported a 17.5% increase in net income for the second quarter, to 41 cents per share. The parent of Community West Bank said on Aug. 2 that earnings for the most recent quarter were $3.6 million, versus $3 million for the Read More →
