FRESNO, Calif. (AP) — FRESNO, Calif. (AP) — Community West Bancshares (CWBC) on Thursday reported second-quarter net income of $2.7 million.
The Fresno, California-based company said it had net income of 10 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 45 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The holding company for Central Valley Community Bank posted revenue of $64.1 million in the period. Its adjusted revenue was $54.8 million, beating Street forecasts. Three analysts surveyed by Zacks expected $52.2 million.
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