Cashmere Valley Bank Reports Strong Earnings Totaling $7.4 Million for the Third Quarter and $20.0 Million Year to Date, CEO Elect Len Devaisher Begins His Tenure with the Bank
Cashmere Valley Bank reported Q3 2026 net income of $7.4 million, down slightly from $7.7 million a year earlier, with diluted EPS of $2.02 up 2.5% YoY on a lower share count. Year-to-date earnings of $20.0 million fell 4.1% versus the prior year, with ROA slipping to 1.17% from 1.37% and the efficiency ratio rising to 59.3% from 56.8%. Loan growth of 19.8% YoY drove net interest income higher, but required elevated provisioning of $3.0 million YTD. Credit quality remains strong with non-performing loans at just 0.23% of loans, and deposits grew 4.1% to $1.976 billion, lifting the bank's Chelan-Douglas MSA market share to 44.95%.
Key figures
- Eps
- 2.02
- Revenue
- 0
- Revenue Yoy
- 0
- Nim q3
- 3.25%
- Nim ytd
- 3.15%
- Roa ytd
- 1.17%
- Roe ytd
- 10.36%
- Acl ratio
- 1.02%
- Npl ratio
- 0.23%
- Q3 eps change
- +2.5%
- Q3 net income
- 7400000
- Tier1 capital
- 293700000
- Total deposits
- 1976000000
- Ytd eps change
- -4.1%
- Ytd net income
- 20000000
- Loan growth yoy
- 19.8%
- Ytd diluted eps
- 5.43
- Deposit growth yoy
- 4.1%
- Efficiency ratio ytd
- 59.3%
- Provision expense ytd
- 3000000
- Share repurchases ytd
- 24600000
- Unrealized afs losses
- 62300000
- Net interest income q3
- 18308000
- Net interest income ytd
- 52370000
- Q3 net income prior year
- 7700000
- Ytd net income prior year
- 22100000
- Chelan douglas msa deposit share
- 44.95%
AI analysis
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