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2023-08-04 17:27:37 ET Commencement Bank press release ( OTCQX:CBWA ): Q2 GAAP EPS of $0.18. Total loan balances were $435.3 million at quarter end, an increase of 12% compared to second quarter 2022. Total deposits increased 9%, to $562.3 million, compared to first quarte...
Second Quarter 2023 Highlights: Total assets grew to $615.3 million, or 6%, compared to the previous quarter and 11% compared to one year earlier. Total deposits increased $45 million, or 9%, compared to the previous quarter, and $62 million, or 12%, compared to one year earlier. Tota...
TACOMA, WA / ACCESSWIRE / July 3, 2023 / Commencement Bank (OTCQX:CBWA) is excited to announce their expansion into Gig Harbor, Wash. This expansion is led by longtime resident and experienced banker, Allisha McVay. Along with a hand-selected local banking team to support her, McVay will begin h...
2023 First Quarter Financial Highlights: Total assets grew to $582.7 million, or 6%, compared to one year prior. Loans grew by 26% from prior year, representing the 4 th consecutive increase in quarterly loan balances. Total deposits increased 3% compared to year-end 2022 and 5%...
Commencement Bank press release ( OTCQX:CBWA ): Q4 GAAP EPS of $0.41. Revenue of $5.37M (+25.5% Y/Y). For further details see: Commencement Bank GAAP EPS of $0.41, revenue of $5.37M
Q4 2022 net income of $1.6 million, or $0.41 per share. Net income of $5.5 million, or $1.38 per share. Total assets were $580.8 million, including 29% year-over-year loan growth (excluding Paycheck Protection Program loans). Year-over-year deposit growth of 6%. Non-interest-bearin...
TACOMA, WA / ACCESSWIRE / January 23, 2023 / Commencement Bank (OTCQX:CBWA) is pleased to announce that James Miller, David Evans, and Amanda Bowes have joined Commencement following longstanding positions at Columbia Bank. The new commercial banking team will be located at the Bank's headquarte...
Commencement Bank press release ( OTCQX:CBWA ): Q3 GAAP EPS of $0.45. Revenue of $5.71M (+24.4% Y/Y). Total assets were $554M for quarter-end September 30, 2022. Total loans increased $44.2M, or 13%, compared to one year earlier. Loan growth was recorded at 14.5% year-...
2022 Third Quarter Financials: Total assets were $554 million for quarter-end September 30, 2022. Total loans increased $44.2 million, or 13%, compared to one year earlier. Loan growth was recorded at 14.5% year-to-date. Total deposits were $502.3 million for third quarter, a...
Commencement Bank press release ( OTCQX:CBWA ): Q2 GAAP EPS of $0.27. Revenue of $4.57M (-7.9% Y/Y). For further details see: Commencement Bank GAAP EPS of $0.27, revenue of $4.57M
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2024 First Quarter Financial Highlights: Total loans ended the quarter at $446.8 million, a $11.7 million increase year-over-year. Interest income increased 13% year-over-year to $6.9 million. Non-interest income recognized an 8% increase compared to one year earlier. Elimin...
TACOMA, WA / ACCESSWIRE / April 24, 2024 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company"), the holding company for Commencement Bank, announced at its 2023 Annual Meeting of Shareholders that its Board of Directors declared a special, one-time cash dividend of $0.20 per share of its com...
TACOMA, WA / ACCESSWIRE / April 12, 2024 / Commencement Bank (OTCQX:CBWA) is pleased to announce the upcoming move of the Bank's headquarters and Tacoma Branch from the current location at 1102 Commerce Street to the locally-owned office building at 1313 Broadway in downtown Tacoma. The move is ...