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CWB - Canadian Western Bank News Story

C$26.57 -0.0  -0.0%

Last Trade - 25/09/20

Sector
Financials
Size
Mid Cap
Market Cap £1.36bn
Enterprise Value £3.19bn
Revenue £516.9m
Position in Universe 158th / 2683

BRIEF-Canadian Western Bank Reports Qtrly Earnings Per Share Of $0.75

Thu 7th March, 2019 12:12pm
March 7 (Reuters) - Canadian Western Bank  CWB.TO :
    * CWB REPORTS FIRST QUARTER FINANCIAL PERFORMANCE
    * Q1 REVENUE C$212 MILLION VERSUS REFINITIV IBES ESTIMATE OF
C$212.6 MILLION
    * QTRLY EARNINGS PER SHARE $0.75
    * Q1 EARNINGS PER SHARE VIEW C$0.79 -- REFINITIV IBES DATA
    * QTRLY NET INTEREST MARGIN OF 2.61%, UP NINE BASIS POINTS.
    * TOTAL LOANS, EXCLUDING THE ALLOWANCE FOR CREDIT LOSSES, AT
JANUARY 31, 2019 OF $26,888 MILLION WERE UP 10% FROM LAST YEAR
    * QTRLY PROVISION FOR CREDIT LOSSES ON TOTAL LOANS AS
PERCENT OF
AVERAGE. LOANS OF 24 BPS, COMPARED TO 18 BASIS POINTS LAST YEAR
    * AT JANUARY 31, 2019, CWB'S CAPITAL RATIOS WERE 9.1% CET1,
10.7%
TIER 1 AND 12.0% TOTAL CAPITAL.
    * AS PART OF MEDIUM-TERM PERFORMANCE TARGET, SEE ADJUSTED
CASH
EARNINGS PER COMMON SHARE GROWTH OF 7 - 12%
    * AS PART OF MEDIUM-TERM PERFORMANCE TARGET, SEE ADJUSTED
RETURN
ON COMMON SHAREHOLDERS' EQUITY OF 12 - 15%

Source text for Eikon:  ID:nCNWK2XLPa 
Further company coverage:  CWB.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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