CWAY Profile
Coastway
Bancorp, Inc. (CWAY) is a bank holding company that operates through
its subsidiary, Coastway Community Bank. The bank provides a range of
financial products and services to individuals and small businesses in
Rhode Island.
Coastway Community Bank's services include
checking and savings accounts, mortgages, consumer loans, and
commercial loans. The bank has a strong focus on community banking and
is committed to providing personalized service to its customers.
Coastway Bancorp was founded in 1920 and is headquartered in
Warwick, Rhode Island. The company was performing well financially,
with solid revenue and earnings growth in recent years. The company's
net interest income for the fiscal year 2020 was $25.7 million,
representing an increase of 7.8% compared to the previous year. Net
income for the same period was $3.8 million, an improvement from $1.6
million in the previous year.
Coastway Bancorp has a market
capitalization of approximately $98 million as of my knowledge cutoff
of September 2021, and its stock is listed on the NASDAQ stock
exchange under the ticker symbol CWAY.
The banking industry is
subject to various risks, including changes in interest rates, credit
risk, and regulatory risks. However, Coastway Community Bank's focus
on community banking and its strong financial performance should
position it well for continued success in
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