Commencement Bancorp, Inc. (CBWA) Announces Full Year 2022 Earnings
Q4 2022 net income of $1.6 million, or $0.41 per share.Net income of $5.5 million, or $1.38 per share.Total assets were $580.8 million, including 29% year-over-year loan growth (excluding Paycheck Protection Program loans).Year-over-year deposit growth of 6%. Non-interest-bearing deposits increased 19% and represented 35% of total deposits on December 31, 2022, compared to 31% one year earlier.Return on average assets for Q4 2022 was 1.14%,...
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