CBWA Stock Overview

Operates as a bank holding company for Commencement Bank that engages in the provision of various banking products and services for individuals, and small and midsized businesses in western Washington. More details

CBWA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	1/6

Rewards

Trading at 42.3% below our estimate of its fair value

Risk Analysis

Earnings have declined by 4.6% per year over past 5 years

Does not have a meaningful market cap ($49M)

My Notes

Capture your thoughts, links and company narrative

Commencement Bancorp Inc. Competitors

First Resource Bancorp

OTCPK:FRSB

US$47.0m

Eastern Michigan Financial

OTCPK:EFIN

US$45.9m

Partners Bank of California

OTCPK:PBKX

US$44.3m

CITBA Financial

OTCPK:CBAF

US$47.3m

Price History & Performance

Summary of share price highs, lows and changes for Commencement Bancorp
Historical stock prices
Current Share Price	US$12.75
52 Week High	US$12.75
52 Week Low	US$9.05
Beta	0.43
1 Month Change	4.08%
3 Month Change	13.84%
1 Year Change	28.79%
3 Year Change	-4.85%
5 Year Change	-11.15%
Change since IPO	16.43%

Recent updates

Shareholder Returns

	CBWA	US Banks	US Market
7D	1.6%	-3.4%	-2.4%
1Y	28.8%	29.1%	23.4%

Return vs Industry: CBWA matched the US Banks industry which returned 29.1% over the past year.

Return vs Market: CBWA exceeded the US Market which returned 23.4% over the past year.

Price Volatility

Is CBWA's price volatile compared to industry and market?
CBWA volatility
CBWA Average Weekly Movement	3.3%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: CBWA has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CBWA's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	n/a	John Manolides	www.commencementbank.com

Commencement Bancorp Inc. operates as a bank holding company for Commencement Bank that engages in the provision of various banking products and services for individuals, and small and midsized businesses in western Washington. The company accepts checking, demand, savings, NOW, money market, and time deposits, as well as certificates of deposit and individual retirement accounts. It also offers term loans, home equity loans and lines of credit, and personal reserve overdraft lines; real estate loans, including residential 1-4 family, multi-family, commercial, construction, and land loans; business line of credit; government backed and term loans; and personal and business credit cards.

Commencement Bancorp Inc. Fundamentals Summary

How do Commencement Bancorp's earnings and revenue compare to its market cap?
CBWA fundamental statistics
Market cap	US$48.60m
Earnings (TTM)	US$3.32m
Revenue (TTM)	US$20.50m

14.7x

P/E Ratio

0.9x

P/B Ratio

Is CBWA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CBWA income statement (TTM)
Revenue	US$20.50m
Cost of Revenue	US$0
Gross Profit	US$20.50m
Other Expenses	US$17.18m
Earnings	US$3.32m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.87
Gross Margin	100.00%
Net Profit Margin	16.18%
Debt/Equity Ratio	0%

How did CBWA perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 04:44
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Commencement Bancorp Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

Commencement Bancorp OTCPK:CBWA Stock Report