See more : Enovis Corporation (0I1B.L) Income Statement Analysis – Financial Results
Complete financial analysis of Commencement Bancorp Inc. (CBWA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Commencement Bancorp Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Commencement Bancorp Inc. (CBWA)
About Commencement Bancorp Inc.
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. It accepts non-interest-bearing, demand, savings, NOW, money market, and time deposits, as well as certificates of deposit. The company also offers term loans, home equity loans and lines of credit, personal reserve overdraft lines; commercial real estate loans, including residential 1-4 family, multi-family, commercial, construction, and land; government guaranteed, and other loans; credit and debit cards; and ATM services. It has four branches in Tacoma, Enumclaw, Auburn, and Olympiad Washington. The company was founded in 2006 and is headquartered in Tacoma, Washington.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.73M | 19.93M | 18.69M | 16.65M | 15.53M | 15.30M | 13.73M | 8.54M | 6.87M | 6.37M | 5.34M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 27.73M | 19.93M | 18.69M | 16.65M | 15.53M | 15.30M | 13.73M | 8.54M | 6.87M | 6.37M | 5.34M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 9.61M | 7.46M | 6.17M | 5.76M | 5.47M | 4.82M | 4.62M | 3.74M | 3.30M | 2.97M | 2.44M |
| Selling & Marketing | 466.00K | 406.00K | 326.00K | 155.00K | 144.00K | 170.00K | 129.00K | 59.00K | 72.00K | 109.00K | 125.00K |
| SG&A | 10.08M | 7.87M | 6.49M | 5.92M | 5.61M | 4.99M | 4.75M | 3.80M | 3.37M | 3.08M | 2.57M |
| Other Expenses | 9.58M | -21.05M | -2.70M | -2.46M | -2.01M | -13.96M | -2.68M | -2.18M | -1.56M | -8.14M | -7.06M |
| Operating Expenses | 19.65M | -13.19M | 2.70M | 2.46M | 2.01M | -8.96M | 2.68M | 2.18M | 1.56M | -5.05M | -4.49M |
| Cost & Expenses | 19.65M | -13.19M | 14.92M | 14.01M | 12.34M | -8.96M | 10.35M | 7.58M | 5.97M | -5.05M | -4.49M |
| Interest Income | 26.29M | 19.71M | 19.08M | 17.74M | 17.38M | 16.14M | 14.18M | 8.80M | 7.09M | 6.68M | 5.99M |
| Interest Expense | 8.08M | 1.42M | 1.43M | 2.42M | 2.68M | 1.58M | 1.16M | 871.00K | 759.00K | 754.00K | 693.00K |
| Depreciation & Amortization | 881.00K | 880.00K | 996.00K | 976.00K | 824.00K | 429.00K | 430.00K | 179.00K | 160.00K | 166.00K | 165.00K |
| EBITDA | 4.56M | 7.62M | 6.20M | 6.03M | 6.69M | 6.77M | 4.98M | 2.01M | 1.81M | 0.00 | 0.00 |
| EBITDA Ratio | 16.45% | 38.25% | 33.17% | 36.23% | 40.52% | 44.24% | 36.27% | 23.55% | 26.41% | 23.32% | 19.02% |
| Operating Income | 7.62M | 6.74M | 5.20M | 5.06M | 5.87M | 6.34M | 4.55M | 1.83M | 1.65M | 1.32M | 851.00K |
| Operating Income Ratio | 27.49% | 33.83% | 27.84% | 30.37% | 37.79% | 41.43% | 33.14% | 21.45% | 24.08% | 20.71% | 15.93% |
| Total Other Income/Expenses | -3.94M | -3.14M | -2.66M | -2.63M | -2.05M | -2.27M | -2.28M | -1.83M | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 3.68M | 6.74M | 5.20M | 5.06M | 5.87M | 6.34M | 4.55M | 1.83M | 1.65M | 1.32M | 851.00K |
| Income Before Tax Ratio | 13.27% | 33.83% | 27.84% | 30.37% | 37.79% | 41.43% | 33.14% | 21.45% | 24.08% | 20.71% | 15.93% |
| Income Tax Expense | 630.00K | 1.25M | 1.01M | 1.02M | 1.08M | 1.31M | 2.43M | 643.00K | 511.00K | 400.00K | -602.00K |
| Net Income | 3.05M | 5.49M | 4.19M | 4.03M | 4.79M | 5.04M | 2.12M | 1.19M | 1.14M | 920.00K | 1.45M |
| Net Income Ratio | 11.00% | 27.56% | 22.42% | 24.22% | 30.83% | 32.91% | 15.44% | 13.92% | 16.64% | 14.44% | 27.20% |
| EPS | 0.77 | 1.37 | 1.00 | 0.96 | 1.17 | 1.22 | 0.51 | 0.40 | 0.42 | 0.34 | 0.54 |
| EPS Diluted | 0.76 | 1.35 | 0.99 | 0.95 | 1.16 | 1.20 | 0.50 | 0.40 | 0.42 | 0.34 | 0.54 |
| Weighted Avg Shares Out | 3.97M | 4.01M | 4.18M | 4.20M | 4.10M | 4.13M | 4.17M | 2.99M | 2.69M | 2.69M | 2.72M |
| Weighted Avg Shares Out (Dil) | 4.03M | 4.05M | 4.21M | 4.22M | 4.12M | 4.20M | 4.21M | 2.99M | 2.71M | 2.69M | 2.72M |
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 million in second quarter 2023.
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 Vice President and Chief Financial Officer on July 29th, 2024,...
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 its Board of Directors declared a special, one-time cash dividend...
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 Commerce Street to the locally-owned office building at...
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. Daniels will serve as Deposit Operations & Digital Services Team...
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 repurchasing a limited number of shares of the Company's...
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.
Source: https://incomestatements.info
Category: Stock Reports