Calwest Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018
CalWest Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported interest income of $1,767,000 against $1,403,000 a year ago. Net interest income was $1,537,000 against $1,191,000 a year ago. Income before taxes was $434,000 against $173,000 a year ago. Net Income was $434,000 against $173,000 a year ago. Basic earnings per Share were $0.01 against $0.00 a year ago. Book Value per Basic Share was $0.21 against $0.18 a year ago. Annualized return on average equity was 11.48% against 5.25% a year ago. Annualized return on average assets was 0.97% against 0.42% a year ago.
For the full year, the company reported interest income of $6,486,000 against $5,036,000 a year ago. Net interest income was $5,615,000 against $4,399,000 a year ago. Income before taxes was $1,570,000 against $1,207,000 a year ago. Net Income was $1,551,000 against $1,205,000 a year ago. Basic and diluted earnings per Share were $0.02 against $0.02 a year ago. Book Value per Basic Share was $0.21 against $0.18 a year ago. Annualized return on average equity was 11.06% against 9.69% a year ago. Annualized return on average assets was 0.91% against 0.82% a year ago.