IE Staff CWB Financial Group reported net income attributable to common shareholders of $79 million in the first quarter (ended Jan. 31), up from $72 million in Q1 2020. CWB’s branch-raised deposits increased by 20% year over year. Net interest income was up 7%, thanks in part to a 6% increase in loan growth that was driven by strong growth in commercial loans. Non-interest income was up 56% year over year, thanks to CWB’s acquisition of T.E. Wealth and Leon Frazer & Associates, which closed in June 2020. CWB’s wealth management business had assets under management of $6.8 billion at the end of Q1, up from $2.2 billion a year earlier, and assets under administration of $2.4 billion, up from $357 million a year ago.