PCB
PCB Bancorp23.96
+0.12+0.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
341.69MP/E (TTM)
9.94Basic EPS (TTM)
2.41Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
PCB Bancorp posted solid Q3 2025 results, with net income available to common shareholders up 51.7% year-over-year to $11.3 million, or $0.78 diluted EPS, on net interest income growth of 18.7% to $27.0 million (derived) and a net interest margin expansion to 3.28% from 3.25%. Loan sales drove noninterest income higher, while a $381 thousand credit loss reversal aided profitability, though nonaccrual loans ticked up to 0.30% of loans held-for-investment. Deposits swelled 11.4% year-to-date to $2.91 billion, bolstering liquidity with $369 million in cash equivalents and $1.70 billion in borrowing capacity. Yet, competition from larger banks pressures margins in key California markets.
8-K
Record Q3 earnings, dividend declared
PCB Bancorp posted record Q3 2025 net income of $11.3 million, up 26% from Q2, fueled by $27.0 million in net interest income and $1.6 million gain on SBA loan sales, while posting a $381 thousand credit loss reversal amid stable 1.20% ACL ratio. Deposits swelled 3.2% to $2.91 billion, outpacing a 1.5% dip in held-for-investment loans to $2.75 billion. Board declared $0.20 per share dividend, payable November 14. Solid credit quality persists.
10-Q
Q2 FY2025 results
PCB Bancorp posted solid Q2 results, with net interest income climbing 19.6% year-over-year to $26.0M on a 3.33% margin—up 17 basis points—fueled by 15.2% loan growth to $2.80B, though yields dipped 21 basis points from market shifts. Provision for credit losses jumped to $1.8M from $0.3M, reflecting higher reserves amid worsening GDP forecasts and unemployment projections, yet net charge-offs stayed low at 0.02% of average loans. Noninterest income rose 32.7% to $3.3M, driven by $1.5M in SBA loan sale gains, while expenses fell 2.3% to $14.8M on lower professional fees post-core conversion. Liquidity strengthened with $264M in cash equivalents and $1.6B borrowing capacity; a $45M FHLB advance matures July 2025. Diluted EPS hit $0.62, up 44.2%, aligning with 14.3M shares. Non-GAAP metrics not disclosed in the 10-Q. Yet competition from larger banks pressures deposit pricing.
8-K
Q2 earnings rise; dividend, buyback extended
PCB Bancorp posted Q2 2025 net income of $9.0 million, up 17% from Q1, fueled by 7% net interest income growth to $26.0 million and a 3.33% margin, while loans and deposits swelled 2.5% and 4.0% to $2.80 billion and $2.82 billion. The board declared a $0.20 quarterly dividend payable August 15 and extended the stock repurchase program to July 2026, with 428,473 shares remaining authorized after retiring 291,527. Growth persists amid inflation and trade uncertainties. Solid reserves cover risks.
8-K
Restates Q1 financials for option error
PCB Bancorp disclosed on July 22, 2025, that its unaudited financial statements for the quarter ended March 31, 2025, can no longer be relied upon due to an accounting error in valuing a $35,778,000 preferred stock repurchase option from a January Treasury agreement, now deemed immaterial under ASC 820. The restatement will slash total assets and shareholders' equity by that amount, but leaves income statement metrics untouched. A material weakness in internal controls emerged. Remediation details follow in the next 10-Q.
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