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Stock impact report

CMUV Bancorp Announces 2024 1st Quarter Financial Results & Notice of Annual Shareholder Meeting

CMUV BANCORP (CMUV) 
NASDAQ:AMEX Investor Relations: bancorpsouth.investorroom.com
Company Research Source: GlobeNewswire
EL CENTRO, CA, April 19, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – CMUV Bancorp, the holding company for Community Valley Bank, is pleased to announce unaudited 1st Quarter results for the quarter ending March 31, 2024. Net income for the quarter was $948,754 which equaled $0.53 per share. Total assets reached $302.3 MM by the end of the quarter, total deposits came in at $264MM, and gross loans ended the quarter at $239.7MM. CVB’s Community Bank Leverage Capital ratio ended the quarter at 11.94%, which is well above the ratio required to be considered a well-capitalized bank. Our Allowance for Credit Losses ended the quarter at $2,590,899, and non-accrual and past due loans remain very low at 0.18%. Both the Board and Management believe the ACL is fully funded at quarter’s end. The book value for the common stock was $16.42 per share (diluted) on March 31, 2024, however the common stock (CMUV) was trading at $17.08 on this date. ROAA for the quarter was 1. Show less Read more
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