CW Bancorp Reports First Quarter 2024 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)-- #businessbanking--CW Bancorp (OTCQX: CWBK), the parent company (“the Company”) of CommerceWest Bank (the “Bank”), reported consolidated net income for the first quarter of 2024 of $2,993,000 or $0.96 per diluted share as compared to $4,618,000 or $1.37 per diluted share for the first quarter of 2023, an EPS decrease of 30%. Key Financial Results for the three months ended March 31, 2024: EPS of $0.96 Return on Assets of 1.18% Return on Tangible Equity of 15.74% ACL to total loans