Commencement Bancorp, Inc. (CBWA) Announces 2024 Third Quarter Earnings [Yahoo! Finance]
Commencement Bank Tacoma Wash Common (CBWA)
NASDAQ:AMEX Investor Relations:
commencementbank.com/investor-relations
Company Research
Source: Yahoo! Finance
Deposits increased $32.7 million, or 6.1%, from the second quarter of 2024. Annualized growth of 9.3%. Loans receivable increased $1.5 million, or 0.3%, from the second quarter of 2024. Annualized growth of 7.0%. Nonperforming assets to total assets decreased to 0.00% compared to 0.08% for the second quarter of 2024. Tangible book value per share increased to $13.45 compared to $12.52 for the second quarter of 2024. Capital ratios remained well above regulatory requirements. TACOMA, WA / ACCESSWIRE / November 13, 2024 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company", "we," or "us"), the parent company of Commencement Bank (the "Bank") reported net income of $959,000, or $0.25 per share, for the third quarter of 2024, compared to $776,000, or $0.20 per share, for the second quarter of 2024 and $762,000, or $0.19 per share, for the third quarter of 2023. "We are very pleased with the Bank's performance in third quarter. In this interest rate environment, it is our d
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