Welcome to our dedicated page for Commencement Bancorp news (Ticker: CBWA), a resource for investors and traders seeking the latest updates and insights on Commencement Bancorp stock.
Commencement Bancorp, Inc. reports company developments as the holding company for Commencement Bank, a Tacoma, Washington community bank serving Pierce, King, Thurston, Kitsap and surrounding markets. Recurring updates cover quarterly and annual operating results, loan demand, deposit costs, loan yields, investment securities, net interest margin, regulatory capital ratios, and tangible book value per share.
Company news also includes commercial banking and healthcare banking team additions, market development in South King County and the South Sound Region, community banking recognition, local project support, and capital actions such as common stock repurchase programs.
Commencement Bancorp (OTCQX:CBWA) announced a stock repurchase program approved by its board, effective May 5, 2026 through May 4, 2027. The program permits purchases in the open market, private transactions, block trades, and under Rule 10b5-1 trading plans. Repurchases remain subject to SEC rules and plan constraints.
Commencement Bancorp (OTCQX:CBWA) reported Q1 2026 net income of $1.7M, or $0.44 per share, versus $1.3M ($0.34) in Q1 2025. Loans rose $15.4M to $539.8M and deposits rose $13.2M to $623.5M. Net interest margin was 4.20%; total cost of deposits was 1.33%. Capital ratios remained above regulatory requirements and nonperforming assets fell to $488K (0.07% of assets).
Commencement Bank (OTCQX:CBWA) announced that Nigel L. English, President & COO, was appointed to the Community Bankers of Washington (CBW) Board of Directors effective April 15, 2026.
English joins 12 peers on the CBW board, bringing over 30 years of Washington state banking experience and a stated focus on community banking advocacy and regulatory navigation.
Commencement Bank (OTCQX:CBWA) announced that Dani Collins, Tom Reuter, and Val Williams joined its Tacoma headquarters in late March 2026 to form a dedicated Healthcare Banking Team. Collins is SVP and team leader, Reuter is VP and healthcare banking officer, and Williams is loan administrator.
The group brings over 35 years of combined experience and will focus on full-service commercial banking for medical, veterinary, and dental practices across Washington and Northern Idaho.
Commencement Bancorp (OTCQX:CBWA) reported record fourth-quarter net income of $2.0 million ($0.55 per share) and record annual net income of $6.7 million ($1.78 per share) for 2025. Loans grew 12.2% year-over-year to $524.4 million and tangible book value per share rose 20.0% to $15.83. Net interest margin was 4.17% in Q4 2025 and 4.10% for the year. Total deposits were $610.3 million with on-balance sheet liquidity of $114.7 million. Credit metrics showed nonperforming assets of $1.3 million (0.19%) and an allowance for credit losses of 1.20%.
Commencement Bank (NASDAQ:CBWA) was named one of America's Best Regional Banks & Credit Unions for 2026 by Newsweek and Plant-A Insights Group on January 14, 2026. The recognition cites the bank's focus on supporting small businesses, financing community projects, and providing reliable everyday banking services across Washington state's South Sound Region. CEO John Manolides said the award reflects the bank's commitment to exceptional service and community impact. Newsweek highlighted local banks' roles as community partners helping customers pursue business ventures and financial security.
Commencement Bank (NASDAQ: CBWA) announced it was named South Sound Business Magazine's 2025 Best in Business for local banks on December 1, 2025 in Tacoma, WA.
The bank previously received the same local bank honor in 2023. Company leadership credited the award to the team's focus on customer service, community involvement, and integrity.
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.