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Canadian Western Bank (CBWBF) Q2 2023 Earnings Call Transcript

Canadian Western Bank (OTCPK:CBWBF) Q2 2023 Earnings Conference Call May 26, 2023 10:00 AM ET

Company Participants

Chris Williams – Assistant VP, IR

Chris Fowler – President and CEO

Matt Rudd – CFO

Carolina Parra – Chief Risk Officer

Jeff Wright – Group Head, Client Services and Specialty Businesses

Conference Call Participants

Doug Young – Desjardins Securities

Darko Mihelic – RBC Capital

Marcel McLean – TD

Gabriel Dechaine – National Bank Financial

Paul Holden – CIBC

Joo Ho Kim – Credit Suisse

Nigel D’Souza – Veritas Investment Research

Operator

Good day. My name is Michelle, and I will be your conference operator today. At this time, I would like to welcome everyone to CWB’s Second Quarter 2023 Financial Results Conference Call and Webcast. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I will now turn the call over to Chris Williams, Assistant Vice President, Investor Relations. Please go ahead, Chris.

Chris Williams

Good morning and welcome to our second quarter financial results conference call. We’ll begin this morning’s presentation with opening remarks from Chris Fowler, President and Chief Executive Officer; followed by Matt Rudd, Chief Financial Officer; and Carolina Parra, Chief Risk Officer. Also present today is Stephen Murphy, Group Head, Commercial, Personal and Wealth; and Jeff Wright, Group Head, Client Solutions and Specialty Businesses. After our prepared remarks, they will all be available to take your questions.

As noted on Slide two, statements may be made on this call that are forward-looking in nature, which involve assumptions that have inherent risks and uncertainties. Actual results could differ materially from these statements. I will also remind listeners that the bank uses non-GAAP financial measures to arrive at adjusted results. Management measures performance on a reported and adjusted

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