CW Bancorp Reports Q1 2023 EPS of $1.15 up 16%, ROTE of 23.45% up 10% and Net Income of $4.1 million up 11%

CW Bancorp Reports Q1 2023 EPS of $1.15 up 16%, ROTE of 23.45% up 10% and Net Income of $4.1 million up 11%

(CWBK)   Report

CW Bancorp (OTCQX: CWBK), the parent company (‘the Company’) of CommerceWest Bank (the ‘Bank’) reported consolidated net income for the first quarter of 2023 of $4,058,000 or $1.15 a share as compared to $3,647,000 or $0.99 a share for the first quarter of 2021, an EPS increase of 16%.
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Key Financial Results for the three months ended March 31, 2023:

Net income growth of 11%

EPS of $1.