Adroit acquisition is part of strategy to enhance the bank’s revenue diversification and earnings growth
Profit up 10%
Canadian Western Bank today reported at 14% rise in profit for the second quarter ended April 30.Net income for the quarter was $25.3 million, or 40¢ a shares. That compares with $22.2 million, or 36¢ a share, for the year ago period.Revenue rose to $72.4 million for the quarter, compared with $65.5 million a year […]
Bank reports record total revenues
11% increase in quarterly cash dividend declared
Strong performance from both operating groups
13% increase in quarterly cash dividend declared
$200 million issue was privately placed with institutional investors
Banking and trust earnings up 35%; loans outstanding surpass $6 billion
Declares stock dividend and 14% increase in quarterly cash dividend