CW Bancorp Stock Price, News & Analysis

CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank, has announced its Board of Directors has approved a quarterly cash dividend of $0.23 per common share. The dividend will be payable on July 1, 2025, to shareholders of record as of June 16, 2025. CommerceWest Bank, founded in 2001 and headquartered in Irvine, California, focuses on serving small and medium-sized businesses throughout California through its digital banking platform. The bank offers comprehensive commercial banking services including remote deposit solutions, online banking, mobile banking, credit lines, M&A loans, working capital loans, commercial real estate loans, SBA loans, and treasury management services.

CW Bancorp (CWBK) reported Q1 2025 earnings with net income of $2.935 million or $0.97 per diluted share, compared to $2.993 million or $0.96 per share in Q1 2024. Key highlights include: Strong growth metrics: • 12% loan growth to $802.2 million • 5% deposit growth to $1 billion • 10% net interest income growth • Net interest margin improved to 3.87% Solid financial position: • Total assets increased 5% to $1.15 billion • Strong capital ratios with 12.35% tier 1 leverage ratio • Maintained 1.42% allowance for credit losses • 61 consecutive profitable quarters • Non-interest-bearing deposits represent 59% of total deposits

CW BANCORP (OTCQX: CWBK) has announced its Board of Directors has approved a quarterly cash dividend of $0.23 per common share. The dividend will be payable on April 1, 2025, to shareholders of record on March 14, 2025.

CommerceWest Bank, founded in 2001 and headquartered in Irvine, California, focuses on serving small and medium-sized businesses throughout California through its digital banking platform. The bank offers comprehensive commercial banking services including remote deposit solutions, online banking, mobile banking, credit lines, M&A loans, working capital loans, commercial real estate loans, SBA loans, and treasury management services.

CW Bancorp (CWBK) reported Q4 2024 consolidated net income of $3.94 million ($1.30 per diluted share), up 11% from Q4 2023. Full-year 2024 net income was $13.15 million ($4.30 per diluted share), down from $17.61 million ($5.39 per diluted share) in 2023.

Key financial highlights include: loan growth of 9.5% ($68.6 million), deposit growth of 16% ($183.9 million), and total asset growth of 14.5% ($188.6 million). The bank maintained strong capital ratios with a tier 1 leverage ratio of 11.16% and total risk-based capital ratio of 17.92%.

The net interest margin slightly decreased to 3.81% in 2024 from 3.87% in 2023. Non-interest expense increased by 15% to $27.8 million, and the efficiency ratio rose to 59.97% from 50.14% in 2023.

CommerceWest Bank (OTCQX:CWBK) announces that CEO Ivo Tjan has been recognized in both the 2024 OC500 Directory of Influence and the OC50 List by the Orange County Business Journal. The bank, founded by Tjan in 2001, has achieved 54 consecutive quarters of profits and ranks #5 in the Top 100 Publicly Traded Community Banks by American Banker. The bank has also been recognized by Newsweek as one of America's Best Regional Banks 2024 and received a 5 Star Safety & Soundness Rating from Bauer Financial.

CommerceWest Bank focuses on serving small and medium-sized businesses throughout California through its digital banking platform, offering services including remote deposit, online banking, commercial real estate loans, and treasury management.

CW Bancorp (OTCQX: CWBK), the parent company of CommerceWest Bank, announced a quarterly cash dividend. The Board of Directors declared a dividend of $0.23 per common share, payable on January 2, 2025, to shareholders of record on December 16, 2024.

Founded in 2001 and headquartered in Irvine, California, CommerceWest Bank serves small and medium-sized businesses across California with a digital banking platform. The bank offers a wide range of commercial banking services, including remote deposit solutions, online and mobile banking, lines of credit, commercial real estate loans, SBA loans, and treasury management services.

CW Bancorp reported Q3 2024 consolidated net income of $3,131,000 ($1.03 per diluted share), down 36% from Q3 2023's $5,234,000 ($1.61 per diluted share). Key metrics include 1.11% ROA, 15.64% ROTE, 5% quarterly loan growth, and 4% deposit growth. The bank maintained strong capital ratios with an 11.77% leverage ratio and 18.70% total risk-based capital ratio. Total assets increased 11% year-over-year, while deposits grew by 11%. However, net interest income decreased 6% to $10,015,000, with net interest margin declining to 3.75% from 3.90% in 2023.

CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank, has announced a quarterly cash dividend of $0.23 per common share. The dividend is payable on October 1, 2024 to shareholders of record on September 16, 2024. CommerceWest Bank, founded in 2001 and headquartered in Irvine, California, focuses on serving small and medium-sized businesses throughout the state with a digital banking platform. The bank offers a range of commercial banking services, including remote deposit solutions, online and mobile banking, lines of credit, M&A/working capital loans, commercial real estate loans, SBA loans, and treasury management services.

CW Bancorp (OTCQX: CWBK) reported Q2 2024 results with consolidated net income of $3,084,000 or $1.00 per diluted share, down 21% from Q2 2023. Key financial metrics include:

• Return on Assets: 1.14%
• Return on Tangible Equity: 16.77%
• ACL to total loans ratio: 1.60%
• Liquid funds to total deposits ratio: 20%
• Non-interest-bearing deposits to total deposits: 59%

The bank experienced quarter-over-quarter average deposit growth of 8% or $72 million. Total assets increased 3% from the previous quarter, while total deposits grew 3%. However, compared to the same period last year, total assets decreased 4% and total deposits declined 5%.