Commencement Bancorp Inc. (CBWA)
| Market Cap | 45.81M |
| Revenue (ttm) | 20.53M |
| Net Income (ttm) | 3.01M |
| Shares Out | 3.79M |
| EPS (ttm) | 0.77 |
| PE Ratio | 15.71 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 300 |
| Average Volume | 2,407 |
| Open | 11.89 |
| Previous Close | 12.10 |
| Day's Range | 11.75 - 11.99 |
| 52-Week Range | 9.30 - 14.00 |
| Beta | 0.21 |
| RSI | 42.55 |
| Earnings Date | May 14, 2025 |
About Commencement Bancorp
Commencement Bancorp Inc. operates as a bank holding company for Commencement Bank that provides various banking products and services for individuals, and small and midsized businesses in western Washington. The company accepts checking, demand, savings, NOW, money market, and time deposits, as well as certificates of deposit and individual retirement accounts. It also offers term loans, home equity loans and lines of credit, and reserve overdraft lines; real estate loans, including residential 1-4 family, multi-family, commercial, and constru... [Read more]
Financial Performance
In 2024, Commencement Bancorp's revenue was $20.53 million, an increase of 4.75% compared to the previous year's $19.60 million. Earnings were $3.01 million, a decrease of -1.25%.
Financial StatementsNews
Commencement Bancorp, Inc. (CBWA) Announces First Quarter 2025 Results
2025 First Quarter Financial Highlights: Net income was $1.3 million compared to $539,000 for the fourth quarter of 2024. Loans receivable increased $6.7 million, or 5.83% annualized growth rate.
Commencement Bancorp, Inc. (CBWA) Announces Stock Repurchase Plan
TACOMA, WA / ACCESS Newswire / February 5, 2025 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") announced today that its Board of Directors adopted a stock repurchase program for the purpose...
Commencement Bancorp, Inc. (CBWA) Announces Fourth Quarter and Annual 2024 Results
2024 Fourth Quarter Financial Highlights: Net income was $539,000 compared to $959,000 for the third quarter of 2024. Results include a pre-tax loss on sale of securities of $944,000, or $0.20 per sha...
Commencement Bancorp, Inc. (CBWA) Announces 2024 Third Quarter Earnings
2024 Third Quarter Financial Highlights: Net income was $959,000 compared to $776,000 for the second quarter of 2024. Deposits increased $32.7 million, or 6.1%, from the second quarter of 2024.
Commencement Bancorp, Inc. (CBWA) Announces 2024 Second Quarter Earnings
2024 Second Quarter Financial Highlights: Total loans ended the quarter at $464 million, a 7% increase year-over-year. Interest income increased 11% year-over-year to $7.4 million as compared to $6.6 ...
Commencement Bancorp, Inc. (CBWA) and Commencement Bank Announce New EVP, Chief Financial Officer and SVP, Finance and Accounting Manager
TACOMA, WA / ACCESSWIRE / August 1, 2024 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") and Commencement Bank (the "Bank") announced today that Brandi Parker joined the Bank as Executive Vi...
Commencement Bancorp, Inc. (CBWA) Announces 2024 First Quarter Earnings
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.
Commencement Bancorp, Inc. (CBWA) Announces Cash Dividend
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...
Commencement Bank (CBWA) to Relocate Headquarters to 1313 Broadway Street, Tacoma, Wash.
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 Commer...
Commencement Bancorp, Inc. (CBWA) Announces Fourth Quarter and Full Year 2023 Earnings
Full Year 2023 Highlights Year-over-year deposit growth of 6%, totaling 9% organic growth after eliminating brokered deposits. Cost of funds at year end was 1.73%, which compared favorably to peers.
Commencement Bank (CBWA) Announces Key Additions to Leadership & Management Teams
TACOMA, WA / ACCESSWIRE / December 5, 2023 / Commencement Bank (OTCQX:CBWA) is pleased to welcome new team members Cheril Daniels and Sandy Snider, after longstanding positions at Columbia Bank. Danie...
Commencement Bancorp, Inc. (CBWA) Announces Stock Repurchase Plan
TACOMA, WA / ACCESSWIRE / November 15, 2023 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") announced today that its Board of Directors adopted a stock repurchase program for the purpose of ...
Commencement Bancorp, Inc. (CBWA) Announces Third Quarter 2023 Earnings
Third Quarter 2023 Highlights: Total loans grew to $437.2 million, or 10%, compared to $396.7 million the previous year. Year-to-date net loan growth totaled $7.7 million.
Commencement Bank (CBWA) Opens Full-Service Branch in Gig Harbor, Washington
TACOMA, WA / ACCESSWIRE / October 16, 2023 / Commencement Bank (OTCQX:CBWA) was granted regulatory approval to convert the Bank's Gig Harbor, Wash. loan production office into a full-service branch.
Commencement Bancorp, Inc. (CBWA) Announces Second Quarter 2023 Earnings
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...
Commencement Bank (CBWA) Opening Loan Production Office in Gig Harbor, Led by Local Banker Allisha McVay
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,...
Commencement Bancorp, Inc. (CBWA) Announces 2023 First Quarter Earnings
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 4th consecutive increase in quarter...
Commencement Bancorp, Inc. (CBWA) Announces Full Year 2022 Earnings
Q4 2022 net income of $1.6 million, or $0.41 per share. Net income of $5.5 million, or $1.38 per share.
Commencement Bancorp, Inc. (CBWA) Announces 2022 Third Quarter Financial Results
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.
Commencement Bancorp, Inc. (CBWA) Announces 2022 Second Quarter Financial Results
2022 Second Quarter Financials: Total assets were $552 million for quarter-end June 30, 2022. Total loans increased $44 million during second quarter 2022 ending at $389.3 million.
Commencement Bancorp, Inc. (CBWA) Appoints Nigel L. English to Board of Directors
TACOMA, WA / ACCESSWIRE / June 8, 2022 / Commencement Bancorp, Inc. (OTCQX:CBWA) is pleased to announce that Commencement Bank President and Chief Operating Officer, Nigel L. English, has been appoint...
Commencement Bancorp, Inc. (CBWA) Announces Completion of Stock Repurchase Plan
TACOMA, WA / ACCESSWIRE / May 25, 2022 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") released today that its previously announced stock repurchase plan, enacted for the purpose of repurcha...
Commencement Bancorp, Inc. (CBWA) Announces 2022 First Quarter Earnings
2022 First Quarter Financial Highlights: Total assets grew to $550 million. Core loans (not including PPP) grew by 9% annualized in the first quarter and 8% from prior year.
Commencement Bancorp, Inc. (CBWA) Announces 2021 Results
2021 Financial Highlights: Total assets increased $3.5 million, or 1%, to $531.3 million on December 31, 2021, from $527.8 million on December 31, 2020. Deposits remained stable in 2021, improving the...
Commencement Bancorp, Inc. (CBWA) Announces Third Quarter 2021 Results
2021 Third Quarter Financials: Total assets increased $36.7 million, or 7%, to $548 million on September 30, 2021 from $511.4 million for the period ending September 30, 2020. Loans decreased 17% to $...