The Bancorp(US:TBBK) Prnewswire·2025-10-31 12:30Core Insights - CW Bancorp reported a consolidated net income of $2,778,000 for Q3 2025, a decrease of 9% from $3,131,000 in Q3 2024, with diluted EPS dropping to $0.93 from $1.03 [1] - Excluding a one-time charge of $1.025 million due to a client fraud incident, net income would have been $3,501,000, reflecting a 14% increase in EPS to $1.19 [1][2] - The company emphasized strong performance driven by client focus and technology, including AI, to enhance productivity and efficiency [2] Financial Performance - Total assets decreased by $49.5 million, or 4%, year-over-year, totaling $1,125,705,000 as of September 30, 2025 [2][16] - Total loans increased by $56.8 million, or 8%, year-over-year, reaching $808,797,000 [2][17] - Total deposits decreased by $55.3 million, or 5%, with non-interest-bearing deposits down 2% and interest-bearing deposits down 9% [3][16] Income and Expenses - Interest income for Q3 2025 was $14,287,000, a 3% increase from $13,856,000 in Q3 2024, while interest expense decreased by 10% to $3,450,000 [4][5] - Net interest income for Q3 2025 was $10,837,000, an 8% increase from $10,015,000 in Q3 2024, with a net interest margin rising to 3.91% from 3.75% [6][16] - Non-interest income decreased by 32% to $1,175,000 for Q3 2025 compared to $1,727,000 in the same period last year [8] Efficiency and Ratios - The efficiency ratio for Q3 2025, excluding the one-time charge, improved to 58.90% from 62.23% in 2024, indicating better cost management [10] - Capital ratios remained strong, with a tier 1 leverage ratio of 12.22% and a total risk-based capital ratio of 17.93% as of September 30, 2025 [11][16] Strategic Focus - The company aims to grow core deposits and expand quality commercial lending relationships while focusing on innovation and technology [2][12] - CommerceWest Bank is committed to redefining banking for small and medium-sized businesses through customized products and services [12]