Commencement Bancorp Inc Stock Price, News & Analysis

Commencement Bank (OTCQX:CBWA) announced that Don Brown joined as Senior Vice President, Commercial Banking Officer effective October 31, 2025. Brown will be based at the bank's Auburn branch and will target South King County to support the bank's local commercial lending growth. He brings over 30 years of banking experience, including nearly ten years as a commercial relationship manager at Kitsap Bank and a recent short tenure at First Citizens Bank. Brown holds a BA from Pacific Lutheran University and served nine years on The First Tee of South Puget Sound board.

Commencement Bancorp (OTCQX:CBWA) reported Q3 2025 net income of $1.9 million ($0.49 per share), up from $1.5 million in Q2 2025 and $1.0 million in Q3 2024. The company cited a net interest margin of 4.21% and a 19-basis-point quarterly NIM increase.

Key balance-sheet facts: total assets of $676.3M, loans of $512.3M, deposits of $606.0M (+$6.1M QoQ), no nonperforming assets, allowance for credit losses of 1.24%, and capital ratios above regulatory requirements.

John E. Manolides, CEO of Commencement Bank (CBWA), was elected to the ICBA Federal Delegate Board on October 8, 2025.

His role includes helping shape national policy positions, grassroots engagement, member recruitment, and representing Washington state community bankers in Washington, D.C. The ICBA advocates for locally operated community banks and savings institutions that serve consumers, small businesses, and agriculture.

Commencement Bancorp (OTCQX:CBWA) reported strong financial results for Q2 2025, with net income of $1.5 million ($0.40 per share), up from $1.3 million in Q1 2025 and $776,000 in Q2 2024. The bank demonstrated robust growth with loans receivable increasing by $37.9 million (32.4% annualized) and deposits growing by $20.5 million (14.4% annualized).

Key performance metrics showed improvement with net interest margin expanding to 4.02% from 3.96% in Q1 2025. The bank maintained strong credit quality with zero nonperforming assets and an allowance for credit losses at 1.20%. Total assets reached $681.7 million, supported by ample liquidity of $133.5 million and strong capital ratios above regulatory requirements.

Commencement Bancorp (CBWA) reported strong Q1 2025 financial results with net income of $1.3 million ($0.34 per share), up from $539,000 in Q4 2024. Key highlights include:

- Loans receivable increased $6.7 million (5.83% annualized growth)
- Net interest margin improved 22 basis points to 3.96%
- Total cost of deposits decreased to 1.53% from 1.67%
- Zero nonperforming assets in Q1 2025
- Strong liquidity position with $121.0 million (18.8% of total assets)

The bank maintained robust credit quality with allowance for credit losses at 1.21%. Total deposits were $579.4 million, with noninterest bearing deposits representing 29.1%. The company recently relocated its headquarters to Commencement Bank Plaza in Tacoma, WA, consolidating operations to enhance efficiency.

Commencement Bancorp (OTCQX:CBWA) has announced a stock repurchase program approved by its Board of Directors. The program allows for share repurchases through open market transactions, private dealings, and block trades, potentially incorporating a Rule 10b5-1 trading plan under the Securities Exchange Act of 1934.

The repurchase program will run from February 5, 2025, to February 4, 2026. The execution of the program will be subject to SEC requirements and various constraints related to price, volume, and timing. The actual implementation details, including the number and value of shares to be repurchased, will depend on multiple factors such as trading plan constraints, market conditions, share price, and alternative investment opportunities.

Commencement Bancorp (CBWA) reported Q4 2024 net income of $539,000 ($0.14 per share), down from $959,000 in Q3 2024 ($0.25 per share). The quarter included strategic balance sheet restructuring with a pre-tax loss of $944,000 from securities sales.

Key highlights include: deposits increased 4.2% quarter-over-quarter to $591.9 million, loans grew 0.3% to $467.3 million, and net interest margin improved to 3.74% from 3.38%. The bank maintained strong credit quality with no nonperforming assets and executed an interest rate swap of $40 million to hedge against rate risk.

Notable transactions included selling $13.3 million in securities yielding 2.57% to purchase $12.4 million yielding 5.00%, and restructuring the BOLI portfolio for improved yields. The bank maintains strong liquidity with $139.3 million in on-balance sheet sources and $233.4 million in available credit lines.

Commencement Bancorp reported strong Q3 2024 results with net income of $959,000 ($0.25 per share), up from $776,000 in Q2 2024. Key highlights include a $32.7 million (6.1%) increase in deposits, a $1.5 million (0.3%) growth in loans receivable, and improvement in nonperforming assets to 0.00%. The bank's net interest margin increased to 3.38%, while tangible book value per share rose to $13.45. The company opened a new branch in Gig Harbor and added 126 new relationships during the quarter, contributing to lower cost of funds.

Commencement Bancorp, Inc. (OTCQX:CBWA) reported strong financial results for Q2 2024. Key highlights include:

• Net income of $776,000 ($0.20 per share), up from $723,000 ($0.18 per share) in Q2 2023
• Total loans increased 7% year-over-year to $464 million
• Interest income rose 11% to $7.4 million
• Non-interest income grew 9% compared to Q2 2023
• Nonperforming assets to total assets decreased from 0.42% to 0.08%
• Tangible book value per share increased to $12.52 from $11.90

The bank's loan growth, improving loan yield, and favorable deposit mix contributed to an increase in net interest margin to 3.25%. Asset quality improved significantly, with the Texas Ratio dropping to 0.8% from 4.0% a year ago.