CommerceWest Bank Reports Second Quarter 2018 Results
Irvine, California – July 25, 2018 – CommerceWest Bank reported net income for the three months ended June 30, 2018 of $1,032,000 or $0.25 per common share, compared with net income of $1,078,000 or $0.26 per common share for the three months ended June 30, 2017, an EPS decrease of 4%. Net income for the six months ended June 30, 2018 of $2,669,000 or $0.65 per common share, compared with net income of $2,587,000 or $0.63 per common share for the six months ended June 30, 2017, an EPS increase of 3%.