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Canadian Western Bank (CWB) vs. S&P 500 (SPY)
Canadian Western Bank Business Overview & Revenue Model
Canadian Western Bank Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.18B | 1.11B | 1.08B | 1.02B | 897.39M | Gross Profit |
| 1.18B | 1.11B | 1.08B | 1.02B | 897.39M | EBIT |
| 0.00 | 492.40M | 1.07B | 479.97M | 367.61M | EBITDA |
| 0.00 | 536.83M | 529.36M | 538.56M | 419.03M | Net Income Common Stockholders |
| 296.45M | 350.65M | 336.90M | 356.96M | 270.58M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.40B | 0.00 | 2.20B | 299.85M | 1.16B | Total Assets |
| 43.13B | 42.32B | 41.44B | 37.32B | 33.94B | Total Debt |
| 7.50B | 7.33B | 8.06B | 7.43B | 6.07B | Net Debt |
| 7.38B | 7.11B | 7.95B | 7.30B | 5.70B | Total Liabilities |
| 38.77B | 38.29B | 37.71B | 33.79B | 30.61B | Stockholders Equity |
| 4.36B | 4.03B | 3.73B | 3.53B | 3.33B |
| Cash Flow | Free Cash Flow | |||
| 552.89M | -620.21M | 1.09B | 744.68M | 805.66M | Operating Cash Flow |
| 684.98M | -541.43M | 1.19B | 800.72M | 860.48M | Investing Cash Flow |
| -499.18M | 481.43M | -1.18B | -730.21M | -799.20M | Financing Cash Flow |
| -173.43M | 350.72M | -8.79M | -75.04M | -99.19M |
Canadian Western Bank Technical Analysis
Canadian Western Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $82.17B | 11.35 | 12.33% | 4.46% | 10.79% | 18.20% | |
70 Outperform | $47.11B | 10.97 | 14.75% | 3.91% | 17.13% | 14.73% | |
70 Outperform | C$89.23B | 14.14 | 7.94% | 6.20% | 3.72% | -17.99% | |
64 Neutral | $14.34B | 10.61 | 9.28% | 4.07% | 18.04% | -9.54% | |
64 Neutral | $5.69B | 21.19 | 6.80% | 2.56% | 11.81% | -17.87% | |
52 Neutral | $1.18B | ― | -0.19% | 7.32% | -3.68% | -111.41% |
Canadian Western Bank Earnings Call Summary
Canadian Western Bank Corporate Events
The National Bank of Canada has completed its acquisition of Canadian Western Bank, a move that will enable the combined entity to offer a broader range of banking products and services across Canada. This strategic acquisition, valued at $5.6 billion, enhances National Bank’s operations and presence in Western Canada, with integration activities set to begin to unify clients and employees under the expanded network.
Canadian Western Bank announced the immediate termination of its Dividend Reinvestment Plan (DRIP) in connection with its proposed acquisition by National Bank of Canada. Participants in the DRIP will receive Direct Registration System (DRS) Advice for whole shares along with payment for any fractional shares and will be entitled to National Bank of Canada common shares upon the transaction’s completion, aligning with the transaction’s exchange ratio.
Canadian Western Bank has sent out letters of transmittal to its shareholders regarding its acquisition by National Bank of Canada, explaining the process of exchanging their shares. This move is part of the steps needed for the shareholders to receive National Bank shares in return for their Canadian Western Bank shares.
The National Bank of Canada has received final approval from the Minister of Finance to proceed with the acquisition of Canadian Western Bank. This merger opens up new opportunities for growth across the country, particularly in Western Canada, enhancing the services offered to clients with a more comprehensive platform. The acquisition marks the beginning of a promising chapter for both banks and their clients.
Canadian Western Bank (CWB) reported a full-year net income of $268 million and adjusted earnings per share of $3.01, despite facing challenges such as increased provisions for credit losses. The bank is in the process of a strategic acquisition by National Bank of Canada, which aims to enhance services and create value for clients and shareholders. The transaction is expected to close in 2025, subject to regulatory approvals.
Canadian Western Bank has announced a quarterly cash dividend increase, with common shareholders receiving $0.36 per share, marking a 3% rise from the previous quarter. Additionally, CWB offers a Dividend Reinvestment Plan, allowing shareholders to reinvest dividends into additional shares. The bank continues to focus on providing personalized financial services, emphasizing its commitment to value creation.
Canadian Western Bank successfully gained approval for amendments to its Tier 1 Capital through preferred shares and limited recourse capital notes, showcasing strong shareholder support. The amendments were overwhelmingly approved, reflecting confidence in the bank’s strategic financial adjustments.