STOCK TITAN

Cashmere Valley Bank - $CSHX STOCK NEWS

Welcome to our dedicated page for Cashmere Valley Bank news (Ticker: $CSHX), a resource for investors and traders seeking the latest updates and insights on Cashmere Valley Bank stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cashmere Valley Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cashmere Valley Bank's position in the market.

Rhea-AI Summary
Cashmere Valley Bank reported quarterly earnings of $7.3 million with diluted earnings per share of $1.87, a decrease of 6.0%. Despite challenges in the financial environment, the bank showed strong core earnings. The bank highlighted an increase in gross loans, a decrease in deposit balances, and a slight increase in non-interest deposits. Return on assets and equity decreased due to asset growth and reduced earnings. Cash, cash equivalents, and restricted cash increased primarily due to higher cash balances. The investment portfolio grew, and securities earned higher rates. Credit quality remained strong with a slight increase in non-performing loans. Deposits increased with a rise in the average cost of deposits. Tier 1 capital and GAAP capital increased, reflecting strong financial positions. Net interest income decreased, while non-interest income and expenses slightly increased. The bank's efficiency ratio rose to 59.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
-
Rhea-AI Summary
Cashmere Valley Bank (CSHX) announced annual earnings of $28.0 million for the year ended December 31, 2023, with diluted earnings per share of $7.20. The bank declared a semi-annual dividend payment of $0.85 per share. The net income increased by 7.6% to $28.0 million, and the return on equity increased to 15.69% in fiscal 2023. However, there was a decrease in cash balances, and non-interest bearing deposits totaled $424.4 million, which was 23.9% of total deposits. The Bank's net interest margin increased to 3.30% in 2023, and the book value on AFS and HTM securities totaled $858.0 million at December 31, 2023. Gross loans totaled $1.042 billion, representing an increase of $36.7 million from December 31, 2022. The allowance for credit losses on loans (ACL) was 1.26%, and the Bank recorded provision expense of $2,942,000 in 2023. Total deposits were $1.8 billion as of December 31, 2023, representing a decrease of $126.3 million from December 31, 2022. Shareholders' equity totaled $202.8 million, a 28.0% increase from December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
-
Rhea-AI Summary
Cashmere Valley Bank announces quarterly earnings of $7.2 million and year-to-date earnings of $20.3 million. Deposit balances decrease by 5.4% from December 2022. Return on assets and return on equity improve. New Union Gap location opens.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
Rhea-AI Summary
Cashmere Valley Bank (OTCQX:CSHX) announced quarterly earnings of $5.4 million, with year-to-date earnings totaling $13.1 million. Diluted earnings per share increased by 77.1% to $3.37. Deposit balances decreased by 5.3% to $1.799 billion. Gross loans reached an all-time high of $1.026 billion. The Bank's return on assets increased to 1.30% from 0.68%, and return on equity was 15.21% compared to 7.51% last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.15%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
Cashmere Valley Bank

OTC:CSHX

CSHX Rankings

CSHX Stock Data

198.08M
2.78%
Commercial Banking
Finance and Insurance
Link
United States of America
Cashmere