Canadian Western Bank delays earnings release without saying why

Canadian Western Bank says it has delayed the release of its fourth quarter financial results without saying why. 

The bank, which was scheduled to release results Friday, says it will instead put them out in mid-December.

CWB’s shares fell almost 12% in morning trading on the Toronto Stock Exchange and was still down almost 5% by mid-afternoon. 

National Bank is currently working to buy CWB in a deal that’s expected to close by the end of 2025.

The takeover has shareholder and Competition Bureau approval, but still requires the go-ahead from Canada’s banking regulator and the finance minister.

The bank on Friday declared it had raised its quarterly dividend by 3% from the previous quarter to 36 cents.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.