Canadian Western Bank

Latest Results (03.10.2025):

Canadian Western Bank reported its financial results for the fourth quarter of 2024, showcasing resilient performance amid ongoing strategic initiatives. The bank maintains a strong balance sheet and continues to advance its acquisition of National Bank, ensuring sustained growth and value for its stakeholders.

Annual Financial Results

For the year ended October 31, 2024, Canadian Western Bank achieved a common shareholders’ net income of $268 million, diluted earnings per share (EPS) of $2.76, and adjusted EPS of $3.01. The bank demonstrated solid revenue growth and maintained positive operating leverage of 1.4%, reflecting effective expense management.

Quarterly Performance

In the latest quarter, Canadian Western Bank reported a common shareholders’ net income of $62 million and adjusted EPS of $0.67, representing declines of 19% and 29% respectively compared to the same quarter last year. The decrease was primarily driven by an increase in the provision for credit losses on impaired loans, which rose to 38 basis points from eight basis points in the prior year.

Sequential Improvement

On a sequential basis, the quarterly common shareholders’ net income surged by 50%, and adjusted EPS increased by 12%, attributable to a 16 basis point reduction in the provision for credit losses. Pre-tax, pre-provision income remained steady with the previous quarter, highlighting financial stability.

Dividend Increase

The Board of Directors declared a cash dividend of $0.36 per common share, marking an increase of two cents (6%) from the dividend declared last year and one cent (3%) from the dividend declared last quarter. This reflects Canadian Western Bank’s commitment to enhancing shareholder value.