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MONTREAL and EDMONTON, AB, Dec. 20, 2024 /CNW/ - National Bank of Canada ("National Bank") (TSX: NA) welcomes the decision by the federal Minister of Finance to approve the previously announced acquisition of Canadian Western Bank ("CWB") (TSX: CWB).
EDMONTON, AB, Dec. 18, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2024, with annual common shareholders' net income of $268 million, diluted earnings per common share (EPS) of $2.76 and adjusted EPS(1) of $3.01.
"As we progress toward closing the National Bank transaction, our teams have remained focused on delivering a differentiated experience for business owners and their families while supporting the integration planning process," said Chris Fowler, President and CEO. "We continue to retain the deep relationships we have with our clients, the engagement of our teams remains strong, and our balance sheet is resilient. We are well positioned to deliver prudent growth and solid financial performance."
EDMONTON, AB, Dec. 17, 2024 /CNW/ - CWB Financial Group (TSX:CWB) (CWB) will release our fourth quarter and fiscal 2024 results on December 18, 2024 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m. ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
EDMONTON, AB, Dec. 7, 2024 /CNW/ - CWB Financial Group (CWB) is providing an update concerning its announcement that the release of its fourth quarter and fiscal 2024 financial results were rescheduled to mid-December 2024.
The decision to reschedule is unrelated to CWB's potential acquisition by National Bank of Canada. We continue to expect forward progress of the transaction and expect it to close as planned and within previously announced timelines.
EDMONTON, AB, Dec. 6, 2024 /CNW/ - CWB Financial Group (TSX: CWB) ("CWB") today announced that the release of its fourth quarter and fiscal 2024 financial results will be rescheduled. CWB deferred the release of its results from the originally planned date of December 6, 2024. CWB expects to issue the results by mid-December 2024.
CWB's conference call to review the fourth quarter and fiscal 2024 financial results will be rescheduled to follow the release of the results.
EDMONTON, AB, Dec. 6, 2024 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per common share (TSX: CWB), payable on January 2 , 2025, to shareholders of record on December 18, 2024. This quarterly dividend is up one cent, or 3%, from the dividend declared last quarter and up two cents, or 6%, from one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.3981875 per Series 5 and $0.4781875 per Series 9, payable on January 31, 2025, to shareholders of record on January 24, 2025.
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CWB Preferred Shares Series 5 & 9: Approved
CWB Limited Recourse Capital Notes Series 1 & 2: Approved
MONTREAL and EDMONTON, AB, Nov. 28, 2024 /CNW/ - On October 16, 2024, National Bank of Canada (TSX: NA) ("National Bank") and Canadian Western Bank (TSX: CWB) ("CWB") announced a tier 1 capital reorganization, involving the amendments to the following CWB securities:
$125 million First Preferred Shares Series 5 (Non-Viability Contingent Capital (NVCC)) (the "Series 5 Preferred Shares");$125 million First Preferred Shares Series 9 (NVCC) (the "Series 9 Preferred Shares" and together with the Series 5 Preferred Shares, the "Preferred Shares");$175 million 6.00% Limited Recourse Capital Notes Series 1 (NVCC) (Subordinated Indebtedness) (the "Series 1 LRCNs"); and$150 million 5.00% Limited Recourse Capital Notes Series 2 (NVCC) (Subordinated Indebtedness) (the "Series 2 LRCNs" and together with the Series 1 LRCNs, the "LRCNs").EDMONTON, AB, Nov. 14, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our fourth quarter and fiscal 2024 results on December 6, 2024 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:30 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
EDMONTON, AB, Oct. 30, 2024 /CNW/ - CWB is thrilled to congratulate Supriya James, Senior Vice President, Human Resources for receiving the honour of Canada's Most Powerful Women: Top 100 Award Winner. Selected by WXN's Global Alliance for Inclusive Leadership, the 2024 award recognizes 103 bold women for their leadership and groundbreaking achievements that have meaningfully transformed their industries, companies, communities and country.
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Aligned with National Bank's strategic plan to accelerate growth across all its business lines in CanadaProvides customers an expanded product and service offering nationally, extensive banking centre network and common customer experience cultureMaintains branch footprint and Edmonton-based executive and operational presenceCombination creates stronger competitor, and provides more choice for CanadiansMONTREAL and EDMONTON, AB, Sept. 26, 2024 /CNW/ - National Bank of Canada ("National Bank") (TSX: NA) and Canadian Western Bank ("CWB") (TSX: CWB) today announced that National Bank received the Competition Bureau's clearance for National Bank's previously announced proposed acquisition of CWB. The proposed transaction also requires approval by the Office of the Superintendent of Financial Institutions and the Minister of Finance.
EDMONTON, AB, Sept. 3, 2024 /CNW/ - Canadian Western Bank (TSX: CWB) ("CWB") is pleased to announce the voting results from its special meeting of common shareholders ("CWB Shareholders") conducted today (the "Meeting") in connection with National Bank of Canada's ("NBC") proposal to acquire all of the issued and outstanding CWB common shares ("CWB Shares") by way of a share exchange (the "Transaction").
EDMONTON, AB, Aug. 30, 2024 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share (TSX: CWB), payable on September 26, 2024, to shareholders of record on September 12, 2024. This quarterly dividend is the same as last quarter and up two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.3981875 per Series 5 and $0.4781875 per Series 9, payable on October 31, 2024, to shareholders of record on October 22, 2024.
This news release and accompanying financial highlights are supplementary to CWB's 2024 Third Quarter Report to Shareholders and 2023 Annual Report and should be read in conjunction with those documents.
EDMONTON, AB, Aug. 30, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) announced financial performance for the three and nine months ended July 31, 2024, with quarterly common shareholders' net income of $41 million, diluted earnings per common share (EPS) of $0.43, and adjusted EPS(1) of $0.60.
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