Welcome to our dedicated page for Cashmere Vy Bk Wash news (Ticker: CSHX), a resource for investors and traders seeking the latest updates and insights on Cashmere Vy Bk Wash stock.
Cashmere Valley Bank (CSHX) generates a steady flow of detailed financial and corporate news, reflecting its role as a commercial bank in the finance and insurance sector. Its press releases routinely cover quarterly and annual earnings, loan and deposit trends, capital levels, and asset quality metrics, giving readers a granular look at how the Bank reports its performance.
News items frequently discuss changes in gross loans across categories such as multifamily, commercial real estate, construction and land development, municipal loans and dealer or equipment finance portfolios. The Bank also reports on deposit balances, non-interest-bearing deposits as a share of total deposits, and shifts in time deposits and savings and interest-bearing demand accounts. These disclosures are accompanied by commentary on net interest income, non-interest income, non-interest expense, net interest margin, efficiency ratio, return on assets and return on equity.
Beyond earnings, Cashmere Valley Bank’s news includes corporate actions and balance sheet strategies. Recent releases describe a self tender offer to repurchase a specified number of common shares, with preliminary and final results, as well as semi-annual dividend declarations. The Bank also provides updates on its investment securities portfolio, liquidity position, borrowings and the use of derivatives in connection with certain borrowing and security purchase transactions.
Investors and followers of CSHX can use this news page to review how management characterizes operating conditions, interest rate and deposit environments, and the Bank’s responses through liquidity management, capital decisions and loan portfolio adjustments. Regular updates on credit quality, including allowance for credit losses and non-performing loan levels, further illustrate how the Bank presents its risk profile over time.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Cashmere Valley Bank (OTCQX:CSHX) reported quarterly earnings of $7.7 million, or $1.99 diluted earnings per share, for the quarter ending March 31, 2023, reflecting a 27.6% increase year-over-year.
Key highlights include an increase in gross loans to $1.016 billion, though deposit balances fell by 6.2% to $1.84 billion. The bank's net interest income rose to $17.3 million, driven by an improved net interest margin of 3.42%.
Despite strong credit quality with non-performing loans at 0.15%, unrealized losses in the investment portfolio were reported at $76.7 million. Non-interest expense grew to $11.8 million, primarily due to increased salaries. Tier 1 capital improved to $238.0 million.
Cashmere Valley Bank (OTCQX:CSHX) reported annual earnings of $26.0 million for 2022, resulting in a diluted earnings per share (EPS) of $6.69, down 9.5% from 2021. The Board declared a semi-annual dividend of $0.85 per share, payable on February 13, 2023. Despite the challenging interest rate environment and tight labor market, net income exceeded all but 2021's earnings. The bank's net interest margin improved to 2.91%, while total deposits fell 1.9% to $1.9 billion. Return on equity increased to 14.68%, although shareholder equity decreased 33.8% to $158.4 million due to unrealized losses on securities.
Cashmere Valley Bank (OTCQX:CSHX) reported quarterly earnings of $8.9 million for Q3 2022, bringing year-to-date earnings to $16.3 million, down from $22.2 million in 2021. Year-to-date diluted EPS decreased by 25.6% to $4.19 due to $7.2 million in realized losses on securities. Total deposits rose by 1.0% to $1.98 billion. The bank's net interest income increased to $16.3 million. However, the return on assets fell to 1.00% from 1.41% a year prior, highlighting ongoing challenges amidst a rising interest rate environment.
Cashmere Valley Bank (OTCQX:CSHX) reported quarterly earnings of $1.3 million for Q2 2022, down from $14.2 million year-to-date. Diluted earnings per share fell to $1.91, a 46.9% decrease due to $7.3 million in realized losses on securities sales. Total deposits reached $1.96 billion, a slight increase of 0.1% from Q1 2022. The bank's net interest income improved to $14.6 million, with a net interest margin of 2.67%. A dividend of $0.85 per share was declared, payable on August 8, 2022. Overall, credit quality remains strong with non-performing loans at 0.04%.
Cashmere Valley Bank (CSHX) announced an update on the fair value of its investment portfolio, highlighting significant unrealized losses due to rising treasury yields. Between December 31, 2021, and March 31, 2022, the bank's net unrealized loss on available for sale securities increased from a gain of $14.2 million to a loss of $52.7 million, totaling a $66.9 million impact. In response, the bank liquidated approximately $54.1 million in securities at a realized loss of $8.2 million and reclassified $55.6 million in securities to held to maturity to mitigate future risks.
Cashmere Valley Bank (OTCQX:CSHX) reported a quarterly earnings of $6.1 million for the period ending March 31, 2022, with diluted earnings per share at $1.56, down 15.2% year-over-year. Total deposits increased by 1.3% to $1.96 billion, while gross loans rose to $971.7 million, reflecting a 3.3% quarterly increase. However, net interest income decreased slightly from the previous quarter. The bank noted strong credit quality, with non-performing loans at 0.03%.
FAQ
What is the current stock price of Cashmere Vy Bk Wash (CSHX)?
What is the market cap of Cashmere Vy Bk Wash (CSHX)?
