CW Bancorp Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 diluted EPS $1.11, up 19% year over year
- ➤Q3 net income $3.287 million, up 18% year over year
- ➤Q3 net interest margin rose to 3.97% from 3.87%
- ➤Total loans fell 5% to $768.1 million year over year
- ➤Company partially redeemed $10 million of subordinated notes October 19
Expert Statements
Ivo Tjan, Chairman, President and CEO of CW Bancorp
“Our third quarter results demonstrate the strength and resilience of CommerceWest Bank's unique business model and our continued commitment to disciplined financial management. We generated net income of $3.3 million, representing a 19% increase in earnings per share compared to the prior year, and achieved our 67th consecutive profitable quarter. Our strong earnings performance, prudent expense management, and disciplined approach to credit quality contributed to a return on assets of 1.17% and a return on tangible equity of 13.60%.”
Ivo Tjan, Chairman, President and CEO of CW Bancorp
“We see attractive opportunities to expand our commercial banking franchise and are strategically investing in our sales team to accelerate the acquisition of high-quality commercial loans and core deposits. Our strong capital position, liquidity, and well-positioned balance sheet provide a solid foundation to support future growth while maintaining our commitment to prudent risk management. As we look ahead, we remain focused on expanding client relationships, leveraging our digital-first banking model, and delivering sustainable long-term value to our shareholders.”
CW Bancorp Reports Third Quarter 2026 Financial Results PR Newswire
IRVINE, Calif., Oct. 30, 2026 /PRNewswire/ -- CW Bancorp (OTCQX: CWBK), the parent company ("the Company") of CommerceWest Bank (the "Bank") reported consolidated net income for the third quarter of 2026 of $3,287,000 or $1.11 per diluted share as compared to $2,778,000 or $0.93 per diluted share for the third quarter of 2025, an EPS increase of 19%, and net income for the nine months ended September 30, 2026 of $9,916,000 or $3.35 per diluted share as compared to $8,795,000 or $2.93 per diluted share for the nine months ended September 30, 2025, an EPS increase of 14%.
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