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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 Bank (CBWA) Opens Full-Service Branch in Gig Harbor, Washington
Commencement Bancorp, Inc. (CBWA) Announces Second Quarter 2023 Earnings
Commencement Bank (CBWA) Opening Loan Production Office in Gig Harbor, Led by Local Banker Allisha McVay
Commencement Bancorp, Inc. (CBWA) Announces Second Quarter 2021 Results
Source: https://incomestatements.info
Category: Stock Reports