CWB reports second quarter 2023 performance

EDMONTON, AB, – Business – CWB Financial Group (TSX: CWB) (CWB) announced financial performance for the three and six months ended April 30, 2023. Quarterly common shareholders’ net income of $70 million was down 26% and adjusted earnings per share (EPS)(1) of $0.74 was down 27% from last quarter, primarily reflecting a 21 basis point increase in the provision for credit losses as a percentage of average loans(1), the impact of three fewe