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-0.0285714285714286 -0.00952380952380952 0.0380952380952381 0.0380952380952381 0.0666666666666667 0.0857142857142857 0.0857142857142857 0.0857142857142857
Stock impact report

Cashmere Valley Bank Reports Robust Year-to-Date Earnings of $13.9 Million [Yahoo! Finance]

CASHMERE VALLEY BANK (CSHX) 
Company Research Source: Yahoo! Finance
Year-to-date earnings totaled $13.9 million as compared to $13.1 million for the six months ended June 30, 2023. Year-to-date diluted earnings per share equaled $3.58, representing an increase of $0.21 per share, or 6.1%. Quarterly diluted earnings per share totaled $1.71 in the second quarter, an increase of $0.32 per share, or 23.1%, from the second quarter 2023. As of June 30, 2024, deposit balances totaled $1.772 billion, a decrease of $1.3 million, or 0.1%, from December 31, 2023. For the second quarter, deposit balances fell by $12.3 million, or 0.7%. "Our deposits have stabilized in 2024," said Greg Oakes, President and CEO. "We are relieved that pressures on deposit balances have somewhat subsided. Additionally, our net interest margin appears to have settled in at a level above our projections. Our core earnings remain very strong, especially in comparison to peers, and we are extremely pleased with our second quarter results." Q2 Highlights The Bank reported the foll Show less Read more
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