CW Bancorp (OTCQX:CWBK) reported consolidated third-quarter 2026 earnings on October 30, 2026, disclosing net income of $3,287,000 and diluted EPS of $1.11, marking the company's 67th consecutive profitable quarter.

Key Highlights

  • Net income of $3,287,000 for Q3 2026, up from $2,778,000 in Q3 2025, an 18% increase according to the filing.
  • Diluted EPS of $1.11 for Q3 2026, compared to $0.93 for Q3 2025, representing a 19% increase.
  • Return on assets of 1.17% and return on tangible equity of 13.60% for the three months ended September 30, 2026.
  • Total assets of $1,076,010,000 as of September 30, 2026, a decrease of 4% from $1,125,705,000 one year earlier.
  • Partial subordinated note redemption: the company redeemed $10,000,000 of its $17,500,000 in 3.75% Fixed to Floating Rate Subordinated Notes due April 1, 2031, on October 19, 2026, leaving $7,500,000 outstanding.
  • No outstanding FRB or FHLB borrowings and a total risk-based capital ratio of 16.02% as of September 30, 2026.
  • Nine-month diluted EPS of $3.35, up from $2.93 for the same period in 2025, a 14% increase.

CW Bancorp Third-Quarter 2026 Earnings and Balance Sheet Details

According to the filing, CW Bancorp reported net income of $3,287,000, or $1.11 per diluted share, for the three months ended September 30, 2026, compared with $2,778,000, or $0.93 per diluted share, for the same period in 2025. For the nine months ended September 30, 2026, the company reported net income of $9,916,000, or $3.35 per diluted share, versus $8,795,000, or $2.93 per diluted share, for the nine months ended September 30, 2025. The company disclosed this represented a 14% EPS increase for the year-to-date period.

The filing reported interest income of $13,543,000 for Q3 2026, down 5% from $14,287,000 in Q3 2025, while interest expense fell 22% to $2,681,000 from $3,450,000. Net interest income for the quarter was $10,862,000, compared to $10,837,000 in the prior-year period. The net interest margin was 3.97% for Q3 2026, up from 3.87% in Q3 2025. Non-interest expense for the quarter decreased 9% to $7,363,000 from $8,134,000 in the same period of 2025. The efficiency ratio for Q3 2026 was 62.07%, compared to 58.90% for Q3 2025.

On the balance sheet, the filing disclosed total deposits of $937,312,000 as of September 30, 2026, a 4% decrease from $971,543,000 a year earlier. Non-interest-bearing deposits increased 6% to $598,524,000, while interest-bearing deposits fell 17% to $338,788,000. The allowance for credit losses stood at $10,327,000, representing a ratio of 1.34% to total loans. Capital ratios as reported included a tier 1 leverage ratio of 10.56%, a common equity tier 1 capital ratio of 14.77%, and a total risk-based capital ratio of 16.02%. Shares outstanding at the end of the period were 2,928,302, with a book value per share of $37.43.

What Was Disclosed

CW Bancorp disclosed its unaudited third-quarter and nine-month 2026 financial results, including income statement figures, balance sheet data, capital ratios, and a partial redemption of $10,000,000 in subordinated notes completed on October 19, 2026.