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CWB reports first quarter 2021 financial and strategic performance
CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the three months ended January 31, 2021, with first quarter net income available to common shareholders of $79 million and adjusted earnings per common share of $0.93, up 25% and 24%, respectively, from the previous quarter. Pre-tax, pre-provision income was up 12% from the previous quarter and 9% from the same period in the prior year.
CWB declares dividends in February 2021
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX:CWB), payable on March 25, 2021 to shareholders of record on March 11, 2021. This quarterly dividend is consistent with the dividends declared one year ago and last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on April 30, 2021 to shareholders of record on April 23, 2021.
Being essential in a pandemic: Recognizing the frontline
Chris Fowler, President and CEO, announces that all front-line CWB employees will receive a $750 bonus to acknowledge their dedication to go above-and-beyond in a challenging year.
Joint statement by Canadian banks and life insurance companies regarding annual meetings in 2021
This is a joint statement issued by BMO, CIBC, Canadian Western Bank, Laurentian Bank, National Bank, RBC, Scotiabank, TD Bank Group, Great-West Lifeco, Canada Life, Manulife and Sun Life. Each of us continues to actively monitor COVID-19 developments and the directives from public health and government authorities for group gatherings and social distancing. We have been taking a series of proactive precautionary measures to help protect the health and well-being of our employees, clients and communities. As a result of the anticipated ongoing impact of COVID-19, and in consideration of the evolving protocols from public health and government authorities, we have jointly obtained a court order that allows us to hold our annual meetings in 2021, in whole or in part, using electronic means.
CWB announces leadership appointments
CWB Financial Group (TSX: CWB) (CWB) announces leadership appointments.