Commencement Bancorp, Inc. Announces Second Quarter 2026 Results

2026 Second Quarter Financial Highlights: * Quarterly net income of $1.8 million, or $0.48 earnings per share compared to $1.7 million, or $0.44 earnings per share, during the first quarter of 2026. * Total assets of $739.8 million. * Loans increased $16.8 million during the second quarter of 2026, or 12.5% annualized growth rate. * Deposits increased $36.1 million during the second quarter of 2026, or 23.3% annualized growth rate. * Net interest margin of 4.29% during the second quarter of 2026 compared to 4.20% during the first quarter of 2026 and 4.02% during the second quarter of 2025. * Total cost of deposits of 1.37% during the second quarter of 2026 compared to 1.33% during the first quarter of 2026 and 1.53% during the second quarter of 2025. * Capital ratios remained well above regulatory requirements.

TACOMA, WA / ACCESS Newswire / July 29, 2026 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company", "we," or "us"), the parent company of Commencement Bank (the "Bank"), reported net income of $1.8 million, or $0.48 per share, for the second quarter of 2026 compared to $1.7 million, or $0.44 per share, for the first quarter of 2026. Comparable earnings were $1.5 million, or $0.40 per share, for the second quarter of 2025. The Bank recorded return on average assets of 1.01% for the second quarter of 2026, compared to 0.95% for the first quarter of 2026 and 0.91% for the second quarter of 2025. The return on average common equity was 11.39% for the second quarter of 2026 compared to 10.94% for the first quarter of 2026 and 11.14% for the second quarter of 2025.