CWB Financial Group has announced a postponement of its fourth-quarter and fiscal 2024 financial results release, originally scheduled for December 6th, 2024. The company expects to release the results and hold its associated conference call by mid-December 2024.
CWB Financial Group announced strong pre-tax, pre-provision income for the third quarter of 2024, driven by targeted loan growth and an optimized funding mix. However, the company’s net income was negatively impacted by a significant increase in the provision for credit losses on impaired loans, primarily related to two specific loan exposures. Despite this, CWB remains optimistic about its future prospects and expects continued profitable growth.
