Last C$41.10 CAD
Change Today -0.08 / -0.19%
Volume 144.0K
CWB On Other Exchanges
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As of 4:00 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

canadian western bank (CWB) Snapshot

Open
C$41.12
Previous Close
C$41.18
Day High
C$41.28
Day Low
C$41.05
52 Week High
07/22/14 - C$41.35
52 Week Low
08/28/13 - C$28.16
Market Cap
3.3B
Average Volume 10 Days
168.4K
EPS TTM
C$2.52
Shares Outstanding
80.0M
EX-Date
06/12/14
P/E TM
16.3x
Dividend
C$0.80
Dividend Yield
1.85%
Current Stock Chart for CANADIAN WESTERN BANK (CWB)

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canadian western bank (CWB) Details

Canadian Western Bank provides various banking and financial products and services primarily in Western Canada. It offers various personal banking products and services, including chequing accounts, savings accounts, guaranteed investment certificates, registered retirement savings plans, tax-free savings accounts, mortgages, and personal lending products; commercial lending products comprising general commercial, equipment financing, real estate financing, and energy lending products; and commercial equipment leasing services for small and mid-sized transactions in general commercial, agriculture, health care, and golf and turf verticals. The company also provides conventional, high-ratio, and alternative residential mortgages and home equity lines of credit through third party mortgage brokers; and online banking services. In addition, it offers personal trust services, such as self-directed registered investment accounts, non-registered investment accounts, and individual pension plans; corporate and group trust services that include registered pension plan custody, executive compensation plan services, and employee-based savings plan services; and stock transfer and registrar services, debenture trustee services, depository and escrow services, and employee plan services for private and public companies. Further, the company provides auto, home, tenant, condo, and travel insurance services to clients in British Columbia and Alberta; discretionary portfolio management services for high-net-worth investors and institutions; and advice and access services to third party mutual fund products. As of April 28, 2014, it operated through 41 branch locations. Canadian Western Bank was founded in 1982 and is headquartered in Edmonton, Canada.

2,037 Employees
Last Reported Date: 12/10/13
Founded in 1982

canadian western bank (CWB) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$481.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$350.0K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: C$305.0K
Executive Vice President
Total Annual Compensation: C$324.2K
Executive Vice President of Banking
Total Annual Compensation: C$268.9K
Compensation as of Fiscal Year 2013.

canadian western bank (CWB) Key Developments

Canadian Western Bank Declares Quarterly Dividend, Payable on June 26, 2014; Declares Dividend on Preferred Share, Payable on July 31, 2014

Canadian Western Bank's Board of Directors declared a cash dividend of $0.20 per common share, payable on June 26, 2014 to shareholders of record on June 16, 2014. This quarterly dividend was 11% ($0.02) higher than the quarterly dividend declared one year ago and 5% ($0.01) higher than the prior quarter. The Board of Directors also declared a cash dividend of $0.275 per Series 5 Preferred Share, payable on July 31, 2014 to shareholders of record on July 24, 2014.

Canadian Western Bank Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Canadian Western Bank reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2014. For the quarter, the company reported net interest income of $123,727,000 against $111,929,000 a year ago. Total revenues were $151,532,000 against $133,319,000 a year ago. Net income available to common shareholders was $51,191,000 or $0.63 per diluted share against $42,988,000 or $0.54 per diluted share a year ago. Return on common shareholders' equity was 14.3% against 13.4% a year ago. Return on assets was 1.07% against 1.00% a year ago. Book value per share was $18.65 against $16.82 a year ago. Adjusted net income available to common shareholders was $52,244,000 against $43,719,000 a year ago. Adjusted cash earnings per common share, excluding items, increased 18% to 65 cents per share. For the six months, the company reported net interest income of $248,966,000 against $224,981,000 a year ago. Total revenues were $303,212,000 against $266,835,000 a year ago. Net income available to common shareholders was $103,819,000 or $1.29 per diluted share against $88,470,000 or $1.11 per diluted share a year ago. Return on common shareholders' equity was 14.5% against 13.8% a year ago. Return on assets was 1.09% against 1.03% a year ago. Book value per share was $18.65 against $16.82 a year ago. Adjusted net income available to common shareholders was $105,913,000 against $89,931,000 a year ago. Cash outflows from operating activities were $1,613,000 against $279,446,000 a year ago. Property, equipment and intangible assets were $18,478,000 against $9,862,000 a year ago. Compared to the previous quarter, net income available to common shareholders and adjusted cash earnings per share were both 3% lower as the benefit of strong loan growth, higher other income and a lower provision for credit losses was more than offset by the combined impact of 3 fewer revenue earning days, lower net interest margin, higher noninterest expenses and the temporary increase in preferred share dividends. For the full year of 2014, the company expects net income available to common shareholders range from 12% to 16%, total revenue growth range from 10% to 12%, return on common shareholders' equity range from 14.0% to 15.0% and return on assets range from 1.05% to 1.15%.

Canadian Western Bank to Report Q2, 2014 Results on Jun 05, 2014

Canadian Western Bank announced that they will report Q2, 2014 results at 8:30 AM, US Eastern Standard Time on Jun 05, 2014

 

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Industry Analysis

CWB

Industry Average

Valuation CWB Industry Range
Price/Earnings 16.5x
Price/Sales 5.8x
Price/Book 2.2x
Price/Cash Flow 15.3x
TEV/Sales 3.4x
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