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Canadian Western Bank (T:CWB)

Business Focus: Banks (NEC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEDAR
Company Contact
Address: 3000, 10303 Jasper Ave
EDMONTON AB T5J 3X6
Tel: 1-780-5088229
Website: www.cwbank.com
IR: See website
Key People
Christopher H. Fowler
President, Chief Executive Officer, Director
R. Matthew Rudd
Chief Financial Officer, Executive Vice President
Darrell R. Jones
Executive Vice President, Chief Information Officer
Carolyn J. Graham
Executive Vice President, Chief Risk Officer
Kelly S. Blackett
Executive Vice President, Human Resources and Corporate Communications
Stephen H.E. Murphy
Executive Vice President - Banking
M. Glen Eastwood
Executive Vice President - Business Transformation
Kelly M. Martin
Senior Vice President, Chief Internal Auditor
David L.J. Thompson
Senior Vice President - Credit Risk Management
Business Overview
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Company offers full-service business and personal banking, specialized financing, wealth management offerings, and trust services. It offers a range of loans, such as general commercial loans, commercial mortgages, personal loans and mortgages, equipment financing and leasing, real estate project loans, and oil and gas production loans. Its services are offered under the banners of CWB Optimum Mortgage, CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial and CWB Franchise Finance, CWB Trust Services, CWB Wealth Management and its affiliate brands, including T.E. Wealth, Leon Frazer & Associates, CWB McLean & Partners, and Canadian Western Financial. Its loan portfolio focuses on various sectors, which include consumer loans and residential mortgages, real estate operations, construction, transportation and storage, hotel, agriculture, and health and social services.
Financial Overview
For the nine months ended 31 July 2022, Canadian Western Bank interest income increased 10% to C$1.08B. Net interest income after loan loss provision increased 7% to C$666M. Net income applicable to common stockholders increased 2% to C$242.6M. Net interest income after loan loss provision reflects Loans increase of 9% to C$1.06B, Securities increase of 41% to C$22M.
Employees: 2,674 as of Jul 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $5,885M as of Jul 31, 2022
Annual revenue (TTM): $1,415M as of Jul 31, 2022
EBITDA (TTM): $614.23M as of Jul 31, 2022
Net annual income (TTM): $332.61M as of Jul 31, 2022
Free cash flow (TTM): $240.75M as of Jul 31, 2022
Net Debt Last Fiscal Year: $3,326M as of Jul 31, 2022
Shares outstanding: 92,987,591 as of Aug 25, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization