Canadian Western Bank (T:CWB)
Business Focus: Banks (NEC)
| Sector: Financials | Industry: Banks |
| Company Contact | |
| Address: | Suite 3000, 10303 Jasper Avenue 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 | Kelly S. Blackett Chief People and Culture Officer |
| Monique M. Petrin Nicholson Senior Vice President, General Counsel, Corporate Secretary | Trent Erickson Senior Vice President, Credit Risk Management | Kelly M. Martin Senior Vice President, Chief Internal Auditor |
| M. Carolina Parra Chief Risk Officer | Stephen H.E. Murphy Group Head - Commercial, Personal and Wealth | Jeffrey I. L. Wright Group Head, Client Solutions and Specialty Businesses |
| Business Overview |
| Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate financing, real estate construction and project financing and equipment financing and leasing. It also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages and investment products. Its banking services include online banking, ATM banking, creditor insurance, resources for seniors and order cheques online. Its CWB Business Advantage Account and CWB Business Unlimited Account offer solutions for day-to-day banking and 24/7 online access. It has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, Manitoba and others. |
| Financial Overview |
| For the three months ended 31 January 2024, Canadian Western Bank interest income increased 22% to C$666.4M. Net interest income after loan loss provision decreased 4% to C$241.1M. Net income applicable to common stockholders decreased 7% to C$87.9M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. |
| Employees: | 2,454 as of Jan 31, 2024 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7,078M as of Jan 31, 2024 |
| Annual revenue (TTM): | $2,486M as of Jan 31, 2024 |
| EBITDA (TTM): | $661.03M as of Jan 31, 2024 |
| Net annual income (TTM): | $317.87M as of Jan 31, 2024 |
| Free cash flow (TTM): | $263.83M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $3,953M as of Jan 31, 2024 |
| Shares outstanding: | 96,543,419 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
