Cashmere Valley Bank Nine-Month Earnings Fall 9% Year on Year to $20.05 Million

Bitget2026/10/21 03:00

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Cashmere Valley Bank’s third-quarter earnings fell year-over-year to $7.38 million; nine-month earnings dropped 9% to $20.05 million.
Nine-month net interest income rose year-over-year to $52.37 million, while credit-loss provision expense climbed 43% to $3.02 million.
September 30 gross loans increased 20% year-over-year to $1.16 billion, while deposits rose to $1.98 billion.
CEO-elect Len Devaisher will become president and CEO following Greg Oakes’ retirement on December 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cashmere Valley Bank published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610202300ACCESSWRNAPR_____1239011) on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cashmere Valley Bank Nine-Month Earnings Fall 9% Year on Year to $20.05 Million

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