Welcome to our dedicated page for California Bancorp news (Ticker: BCAL), a resource for investors and traders seeking the latest updates and insights on California Bancorp stock.
California BanCorp (NASDAQ: BCAL) is a San Diego, California-based bank holding company for California Bank of Commerce, N.A., a national banking association established in 2001. Through 14 branch offices and four loan production offices serving California, the Bank focuses on commercial banking for individuals, professionals, and small to medium-sized businesses, using a solutions-driven, relationship-based approach to banking.
This news page aggregates company announcements and market updates related to California BanCorp and its banking subsidiary. Readers can follow earnings releases that detail quarterly net income, net interest margin, loan and deposit trends, credit quality metrics, and capital ratios. These releases also discuss strategic themes such as derisking the consolidated balance sheet, reducing reliance on brokered deposits, and building a statewide commercial banking franchise.
In addition to financial results, the news flow includes updates on corporate actions and governance, such as the completion and integration of a merger of equals, changes in executive leadership, Board-level developments, and the introduction or expansion of capital management tools like share repurchase programs and cash dividends. The Bank also issues news on key personnel appointments, including roles in operations and specialty areas such as public sector banking, which reflect its focus on serving a broad range of California clients.
Investors, analysts, and clients can use this page to review the Company’s public communications over time, including how management describes its strategy, franchise footprint in Northern and Southern California, and progress in executing its relationship-based commercial banking model.
California BanCorp (NASDAQ: BCAL) reported Q4 2025 net income of $16.4 million ($0.50 diluted) and full-year 2025 net income of $63.1 million ($1.93 diluted). Key metrics: NIM 4.44% Q4, total loans $3.06B, total deposits $3.37B, ACL 1.20% of loans. The board declared a quarterly dividend of $0.10 and repurchased shares under its buyback program.
California BanCorp (Nasdaq: BCAL) announced on January 26, 2026 that California Bank of Commerce hired two veteran commercial bankers to strengthen its Northern California team.
Linda Wang joined the San Jose office as Senior Vice President, Regional Manager, bringing over 30 years of commercial banking experience including senior roles at Wells Fargo and expertise in credit underwriting, risk management, and client retention. Angel Herrera joined the Walnut Creek office as Senior Vice President, Commercial Banking Team Lead, with 16+ years at Wells Fargo and experience serving emerging middle market clients.
Both will report to Chris Barr, Regional Market President – Northern California, supporting the bank's regional expansion strategy.
California BanCorp (Nasdaq: BCAL) announced that Steven Shelton retired as Chief Executive Officer and Director, effective December 31, 2025, and will serve in an advisory role through December 31, 2026. The Company’s Board appointed David Rainer as Chief Executive Officer effective December 31, 2025; Rainer will continue serving as Chairman.
The release notes Shelton’s role in the Company’s 2024 merger and quotes Rainer highlighting the Company’s profitability and ongoing franchise progress.
California Bancorp (Nasdaq: BCAL) announced its first quarterly cash dividend, approving a payment of $0.10 per share. The dividend is payable on January 15, 2026 to shareholders of record as of December 24, 2025. The board described the move as reflecting the company’s strong financial performance and use of dividends to manage a strong capital position.
This is the company’s initial quarterly cash distribution to shareholders and establishes a dated cash payout with specified record and payment dates.
California BanCorp (NASDAQ: BCAL) reported net income of $15.7 million or $0.48 diluted EPS for Q3 2025, up from $14.1 million in Q2 2025 and a loss of $16.5 million in Q3 2024. Key metrics included a net interest margin of 4.52%, total assets of $4.10 billion, total deposits of $3.46 billion (up $147.4 million, +4.4% QoQ), and tangible book value per share of $13.39 (up $0.57 QoQ).
The company repurchased 89,500 shares for $1.4 million, redeemed $20.0 million of subordinated notes, recorded a reversal of provision for credit losses of $15 thousand, and reduced nonperforming assets to 0.38% of total assets at September 30, 2025.
California BanCorp (NASDAQ: BCAL) reported Q2 2025 net income of $14.1 million ($0.43 per diluted share), compared to $16.9 million in Q1 2025 and $190,000 in Q2 2024. The bank's net interest margin was 4.61%, slightly down from 4.65% in the previous quarter.
Key highlights include a reduction in non-performing assets to 0.46% from 0.68%, successful elimination of brokered deposits, and redemption of $18.0 million in subordinated notes. Total assets stood at $3.95 billion, with total loans of $3.00 billion and deposits of $3.31 billion. The bank maintained strong capital ratios and recorded a $634,000 reversal of credit losses.
The efficiency ratio was 56.1%, and the return on average assets was 1.45%. The bank continues to focus on organic growth through its relationship-based business banking franchise across California markets.
California Bancorp (NASDAQ: BCAL) has announced two significant capital management decisions. First, the company has expanded its share repurchase program from 550,000 to 1.6 million shares, representing approximately 4.9% of outstanding common stock. The program, initially announced on June 15, 2023, has not yet been utilized. Second, the company plans to redeem $18 million of 5.50% Fixed-to-Floating Subordinated Notes due 2030, which were issued on May 28, 2020.
According to Executive Chairman David Rainer, these moves reflect the board's confidence in their relationship-based banking strategy and commitment to shareholder value. The company's strong balance sheet and capital position will support both initiatives. Share repurchases will be funded through working capital and operating cash flow, with timing and volume dependent on market conditions.
California BanCorp (NASDAQ: BCAL) reported strong Q1 2025 financial results with net income of $16.9 million, or $0.52 per diluted share, compared to $16.8 million in Q4 2024 and $4.9 million in Q1 2024.
Key highlights include:
- Net interest margin of 4.65%
- Return on average assets of 1.71%
- Efficiency ratio of 55.6%
- Total assets of $3.98 billion
- Total loans of $3.07 billion
- Total deposits of $3.34 billion
The bank continued its strategy of derisking the balance sheet by reducing Sponsor Finance portfolio exposure and decreasing reliance on brokered deposits, which declined by $107.4 million. Tangible book value increased to $12.29 per common share, up $0.58 from the previous quarter.
California BanCorp (NASDAQ: BCAL) reported Q4 2024 net income of $16.8 million ($0.51 per diluted share), compared to a Q3 2024 net loss of $16.5 million. Full-year 2024 net income was $5.4 million ($0.22 per diluted share), down from $25.9 million in 2023.
Key Q4 2024 metrics include: net interest margin of 4.61%, total assets of $4.03 billion, total loans of $3.16 billion, and total deposits of $3.40 billion. The company recorded a reversal of provision for credit losses of $3.8 million in Q4, compared to a provision of $23.0 million in Q3.
The company's merger with California BanCorp, completed on July 31, 2024, created a bank holding company with approximately $4.25 billion in assets and 14 branches across California. The total merger consideration was approximately $216.6 million, resulting in preliminary goodwill of $74.7 million.
California Bank of Commerce, subsidiary of California BanCorp (Nasdaq: BCAL), has appointed Jerry Legg as Senior Vice President, Director of Public Sector Banking, effective November 12, 2024. Legg brings over 30 years of experience in public sector banking and will operate from the Bank's Sacramento office, reporting to EVP Chris Barr. His extensive background includes senior positions at Public Trust Advisors, Five Star Bank, River City Bank, Rabobank, and the California State Treasurer's Office.
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