$CWBC 8-K earnings — Q2 FY26

EPS of $0.10 missed consensus (not provided; reported vs $0.41 YoY). Revenue surged on the USB merger, with gross loans up 39% QoQ and deposits up 31%, but core earnings were buried by $7.5M in merger expenses and a $5.9M realized loss on securities. The market may miss that the $5.6M provision for credit losses was largely driven by a peer group update post-merger, not deteriorating credit quality, and the $0.12 dividend was maintained despite the earnings miss.

EPS of $0.10 missed consensus (not provided; reported vs $0.41 YoY). Revenue surged on the USB merger, with gross loans up 39% QoQ and deposits up 31%, but core earnings were buried by $7.5M in merger expenses and a $5.9M realized loss on securities. The market may miss that the $5.6M provision for credit losses was largely driven by a peer group update post-merger, not deteriorating credit quality, and the $0.12 dividend was maintained despite the earnings miss.