Curated News
By: NewsRamp Editorial Staff
January 31, 2025
CMUV Bancorp Announces Strong Financial Performance for 2024
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- CVB's Earnings per share for 2024 were $2.38, providing a strong return for investors.
- CVB's Total Assets grew to $311 MM at fiscal year-end 2024, with Gross Loans ending just short of $263 MM.
- CVB's low Non-Accrual and Past Due Loans at less than 0.02% contribute to a stable financial system.
- CVB's Community Bank Capital Leverage ratio of 12.0% showcases financial strength and stability.
Impact - Why it Matters
This news matters as it showcases the financial strength and stability of CMUV Bancorp and Community Valley Bank. Shareholders can be reassured by the impressive earnings and growth in assets, while potential investors may be attracted to the bank's well-capitalized status and low non-accrual and past due loans.
Summary
CMUV Bancorp, the holding company for Community Valley Bank, reported unaudited year-end results for 2024, showing earnings of $4,156,350. Total Assets grew to $311 MM, Gross Loans reached $263 MM, and Deposits increased to $271 MM. CVB’s performance metrics, such as ROAA of 1.36% and ROAE of 12.17%, exceeded expectations.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, CMUV Bancorp Announces Strong Financial Performance for 2024
