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Canadian Western Bank (CWB.TO)

CWB.TO on Toronto Stock Exchange

27.49CAD
1:57pm EDT
Change (% chg)

$0.09 (+0.33%)
Prev Close
$27.40
Open
$27.41
Day's High
$27.57
Day's Low
$27.23
Volume
110,888
Avg. Vol
439,452
52-wk High
$32.29
52-wk Low
$23.68

Latest Key Developments (Source: Significant Developments)

CWB Q2 earnings per share C$0.54
Thursday, 1 Jun 2017 07:00am EDT 

June 1 (Reuters) - Canadian Western Bank ::cwb reports strong second quarter financial performance.Q2 earnings per share C$0.54.Q2 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.Q2 adjusted cash earnings per share C$0.59.Q2 revenue C$173 million.Canadian Western Bank - ‍expect increase in both mortgage application volumes and broker deposit pricing to be temporary​.  Full Article

CWB reports Q2 earnings of C$0.54/shr
Thursday, 1 Jun 2017 07:00am EDT 

June 1 (Reuters) - Canadian Western Bank :CWB reports strong second quarter financial performance.Q2 earnings per share C$0.54.Q2 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.Q2 revenue C$173 million.Qtrly adjusted cash earnings per common share of $0.59.Canadian Western Bank - due to relatively moderate growth in H1 2017, "it will likely be challenging to deliver double digit growth in fiscal 2017".  Full Article

Canadian Western Bank reports Q1 earnings per share c$0.56
Thursday, 2 Mar 2017 07:00am EST 

Canadian Western Bank : CWB reports strong first quarter financial performance including record total revenues . Q1 adjusted cash earnings per share c$0.61 . Q1 earnings per share c$0.56 . Q1 earnings per share view c$0.59 -- Thomson Reuters I/B/E/S . Canadian Western Bank - qtrly net interest income $156.4 million versus $144.1 million . Canadian Western -continue to "carefully monitor loan portfolio for signs of weakness resulting from lagging impact of 2015 - 2016 regional recession" . Canadian Western Bank - expect earnings growth and profitability to fall below our medium-term target ranges in fiscal 2017 .  Full Article

Canadian Western Bank Q1 earnings per share c$0.56
Thursday, 2 Mar 2017 07:00am EST 

Canadian Western Bank : CWB reports strong first quarter financial performance including record total revenues . Q1 adjusted cash earnings per share c$0.61 . Q1 earnings per share c$0.56 . Q1 earnings per share view c$0.59 -- Thomson Reuters I/B/E/S . Q1 revenue rose 11 percent to c$175.8 million . Canadian Western Bank- "expect earnings growth and profitability to fall below our medium-term target ranges in fiscal 2017" .Q1 revenue view c$172.0 million -- Thomson Reuters I/B/E/S.  Full Article

CWB reports financial performance for Q4 and fiscal 2016
Thursday, 1 Dec 2016 07:00am EST 

Canadian Western Bank - : Q4 adjusted cash earnings per share C$0.59 . Q4 earnings per share view C$0.60 -- Thomson Reuters I/B/E/S . CWB reports financial performance for the fourth quarter and fiscal 2016 . Q4 earnings per share C$0.54 .Qtrly net interest income $149.1 million versus $139.7 million.  Full Article

Canadian Western Bank reports Q4 EPS view c$0.60
Thursday, 1 Dec 2016 07:00am EST 

Canadian Western Bank : Q4 adjusted cash earnings per share c$0.59 . Q4 earnings per share view c$0.60 -- Thomson Reuters I/B/E/S . CWB reports financial performance for the fourth quarter and fiscal 2016 . Q4 earnings per share c$0.54 . Qtrly net interest margin (TEB) of 2.36 pct, down 13 basis points. . Qtrly net interest income $149.7 million versus $141.1 million last year .Qtrly net interest income excluding TEB adjustment $149.1 million versus $139.7 million last year.  Full Article

Canadian Western Bank Q3 adjusted EPS C$0.60
Thursday, 1 Sep 2016 07:00am EDT 

Canadian Western Bank : Cwb reports third quarter financial performance . Q3 adjusted cash earnings per share C$0.60 . Q3 earnings per share view C$0.59 -- Thomson Reuters I/B/E/S . Q3 earnings per share C$0.55 . Q3 revenue C $169.1 million . Says "credit stress remains confined to oil and gas production loans" . Qtrly net interest income of $149.5 million up 6% .See adjusted cash EPS in fiscal 2016 to be lower due to impact of increased provisions for credit losses on ytd results versus 2015.  Full Article

CWB announces increase to previously announced bought deal offering
Friday, 17 Jun 2016 09:24am EDT 

Canadian Western Bank : Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 6.1 million shares from cwb at a price of $24.50per share . Cwb franchise finance portfolio purchase expected to reduce common equity tier 1 ratio by about 15 basis points on closing in q3 .Cwb announces increase to previously announced bought deal offering to a $150 million offering of common shares.  Full Article

CWB announces $125 mln bought deal offering of common shares
Thursday, 16 Jun 2016 04:11pm EDT 

Canadian Western Bank : CWB announces $125 million bought deal offering of common shares . Common equity Tier 1 ratio was 8.2 pct as of April 30, 2016 . Canadian Western Bank says underwriters have agreed to purchase, on a bought deal basis, an aggregate of 5.1 million shares at $24.50 per share . Estimates that its common equity tier 1 ratio would be approximately 8.8 pct as at April 30, 2016 after giving effect to offering .CWB Franchise finance portfolio purchase is expected to reduce CWB's common equity Tier 1 ratio by about 15 basis points when it closes in Q3.  Full Article

CWB reports Q2 earnings c$0.40/shr
Thursday, 2 Jun 2016 07:00am EDT 

Canadian Western Bank : CWB reports second quarter financial performance . Q2 earnings per share view c$0.40 -- Thomson Reuters I/B/E/S . Q2 earnings per share c$0.40 . Q2 revenue view c$161.0 million -- Thomson Reuters I/B/E/S . Q2 adjusted cash earnings per share c$0.41 .Q2 revenue c$164.5 million.  Full Article

UPDATE 1-Canadian Western Bank sees increased mortgage demand

TORONTO, June 1 Canadian Western Bank said on Thursday it was experiencing higher-than normal demand for mortgages as a result of challenges faced by its largest competitor, Home Capital Group.