CW Bancorp Reports Third Quarter 2026 Financial Results

(OTCQX:CWBK) CW Bancorp, the parent company of CommerceWest Bank, reported consolidated net income for the third quarter of 2026 of $3,287,000 or $1.11 per diluted share, compared to $2,778,000 or $0.93 per diluted share for the third quarter of 2025, representing an EPS increase of 19%. Net income for the nine months ended September 30, 2026 was $9,916,000 or $3.35 per diluted share, compared to $8,795,000 or $2.93 per diluted share for the same period in 2025, an EPS increase of 14%. For the three months ended September 30, 2026, return on assets was 1.17% (up 21%), return on tangible equity was 13.60% (up 8%), and net income growth was 18%. The allowance for credit losses (ACL) to total loans ratio was 1.34%. There were no outstanding FRB or FHLB borrowings. The leverage ratio was 10.56% and the total risk-based capital ratio was 16.02%. The company achieved its 67th consecutive profitable quarter. For the nine months ended September 30, 2026, return on assets was 1.13% (up 8%), return on tangible equity was 13.94%, net interest income growth was 6%, and net income growth was 13%. Total assets decreased $49.7 million (down 4%) as of September 30, 2026 compared to the prior year. Total loans decreased $40.7 million (down 5%), cash and due from banks decreased $44.5 million (down 34%), and total investment securities increased $33.1 million (up 21%). Total deposits decreased $34.2 million (down 4%), non-interest-bearing deposits increased $34.4 million (up 6%), and interest bearing deposits decreased $68.7 million (down 17%). Interest income for the three months ended September 30, 2026 was $13,543,000, down 5% from the prior year, and interest expense was $2,681,000, down 22%. For the nine months ended September 30, 2026, interest income was $41,450,000 (up less than 1%) and interest expense was $8,725,000 (down 16%). Net interest income for the three months ended September 30, 2026 was $10,862,000, up less than 1%, and for the nine months ended September 30, 2026 was $32,725,000, up 6%. The net interest margin for the three months ended September 30, 2026 was 3.97% (up from 3.87% in 2025), and for the nine months ended September 30, 2026 was 3.83% (up from 3.82% in 2025). The provision for credit losses for the three months ended September 30, 2026 was zero, compared to $100,000 for the same period in 2025. For the nine months ended September 30, 2026, there was a reduction in reserves of $100,000, compared to an increase of $200,000 in 2025. Non-interest income for the three months ended September 30, 2026 was $968,000 (down 18%), and for the nine months ended September 30, 2026 was $2,953,000 (down 21%). Non-interest expense for the three months ended September 30, 2026 was $7,363,000 (down 9%), and for the nine months ended September 30, 2026 was $22,117,000 (down 1%). The efficiency ratio for the three months ended September 30, 2026 was 62.07% (up from 58.90% in 2025), and for the nine months ended September 30, 2026 was 61.76% (up from 61.11% in 2025). As of September 30, 2026, the tier 1 leverage ratio was 10.56%, the common equity tier 1 capital ratio was 14.77%, the tier 1 risk-based capital ratio was 14.77%, and the total risk-based capital ratio was 16.02%. On September 17, 2026, the company notified holders of its $17,500,000 in aggregate principal amount of 3.75% Fixed to Floating Rate Subordinated Notes due April 1, 2031, of its intent to partially redeem $10,000,000 of such notes on October 19, 2026, leaving $7,500,000 outstanding. The company also has $17,500,000 in aggregate principal amount of 3.75% Fixed to Floating Rate Subordinated Notes due December 15, 2031, outstanding. As of September 30, 2026, cash and due from banks was $87,274,000, securities available for sale were $173,618,000, securities held-to-maturity were $17,499,000, loans were $768,100,000, allowance for credit losses was $10,327,000, loans net of ACL were $757,773,000, bank premises and equipment net were $2,036,000, other assets were $37,810,000, and total assets were $1,076,010,000. Non-interest bearing deposits were $598,524,000, interest bearing deposits were $338,788,000, total deposits were $937,312,000, subordinated debenture was $34,591,000, other liabilities were $11,332,000, and stockholders' equity was $92,775,000. Shares outstanding at end of period were 2,928,302, and book value per share was $37.43. Total loans to total deposits ratio was 81.95%, ACL to total loans was 1.34%, and nonperforming assets were $13,415,000. For the three months ended September 30, 2026, service charges and fees on deposits were $652,000 (down 30%), other fees were $316,000 (up 30%), earnings before income taxes were $4,467,000 (up 18%), and income taxes were $1,180,000 (up 18%). For the nine months ended September 30, 2026, service charges and fees on deposits were $2,100,000 (down 30%), other fees were $853,000 (up 11%), earnings before income taxes were $13,661,000 (up 12%), and income taxes were $3,745,000 (up 9%). Basic earnings per share for the three months ended September 30, 2026 was $1.12 (up 19%), and for the nine months ended September 30, 2026 was $3.39 (up 15%). Return on equity for the three months ended September 30, 2026 was 13.18% (up 8%), and for the nine months ended September 30, 2026 was 13.51% (up 2%). Return on tangible equity for the three months ended September 30, 2026 was 13.60% (up 8%), and for the nine months ended September 30, 2026 was 13.94% (up 2%).

CW Bancorp Reports Second Quarter 2026 Financial Results

(OTCQX: CWBK) CW Bancorp reported consolidated net income for the second quarter of 2026 of $3,133,000 or $1.06 per diluted share, compared to $3,082,000 or $1.02 per diluted share for the second quarter of 2025, representing an EPS increase of 4%. For the six months ended June 30, 2026, net income was $6,629,000 or $2.24 per diluted share, up from $6,017,000 or $1.99 per diluted share for the same period in 2025, an EPS increase of 13%. Total assets increased to $1,198,038,000 as of June 30, 2026, a 1% increase from the prior year, while total loans decreased by $31,479,000 to $779,614,000, a 4% decrease. Non-interest-bearing deposits rose by $100,426,000 to $702,506,000, a 17% increase, and interest-bearing deposits fell by $77,632,000 to $349,926,000, an 18% decrease. The company reported a net interest income for the three months ended June 30, 2026, of $11,063,000, up 10% from the prior year, and a net interest margin of 3.83% for the quarter. The provision for credit losses for the three months ended June 30, 2026, reflected a reduction in the reserve of $150,000 compared to a provision expense of $100,000 for the same period in 2025. The company projects continued disciplined credit management, operational excellence, prudent capital allocation, and building long term value for clients, shareholders, and employees.

CommerceWest Bank Ranked Among the Top 15 Best-Performing Public Banks in America

(OTCQX: CWBK) CommerceWest Bank announced it has been ranked #15 in the United States on American Banker's 2025 Top Performing Public Banks Under $2 Billion in Assets list. The ranking evaluates publicly traded banks using objective financial performance metrics including three-year average return on average equity (ROAE), profitability, operating efficiency, net interest margin, capital strength, and core deposit growth. CommerceWest Bank is headquartered in Irvine, California, and serves businesses throughout the state of California. The recognition follows another year of strong financial performance highlighted by continued growth in loans, deposits, earnings, and shareholder value while maintaining excellent asset quality, capital ratios, and operating efficiency. CommerceWest Bank has also received recognition as one of Newsweek's America's Best Regional Banks, one of American Banker's Top Performing Banks, Super Premier Performing Bank by The Findley Report, and multiple recognitions by the Orange County Business Journal. The bank was founded in 2001. CommerceWest Bank provides a full suite of commercial banking services, including remote deposit solutions, NetBanker online banking, mobile banking, lines of credit, M&A and working capital financing, commercial real estate loans, SBA lending, and treasury management services.

CW BANCORP Quarterly Cash Dividend

CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank, announced the approval of a quarterly cash dividend by its Board of Directors. The Board declared a cash dividend of $0.23 per common share, payable July 1, 2026, to shareholders of record on June 12, 2026. CommerceWest Bank, founded in 2001 and headquartered in Irvine, California, serves businesses throughout the state of California with its digital banking platform. The bank provides a wide 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. The company emphasizes delivering customized products and services for small and medium sized businesses. The announcement includes forward-looking statements regarding future performance, growth, and income forecasts, subject to risks and uncertainties. The company disclaims any obligation to update forward-looking statements to reflect future events or developments.