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Southern Calif Bancorp - BCAL STOCK NEWS

Welcome to our dedicated news page for Southern Calif Bancorp (Ticker: BCAL), a resource for investors and traders seeking the latest updates and insights on Southern Calif Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Southern Calif Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Southern Calif Bancorp's position in the market.

News
SOUTHERN CALIFORNIA BANCORP REPORTS NET INCOME OF $4.4 MILLION FOR THE FOURTH QUARTER AND $25.9 MILLION FOR THE FULL YEAR OF 2023
Rhea-AI Summary
Southern California Bancorp (BCAL) reported a net income of $4.4 million for Q4 2023, down from $8.5 million in Q4 2022, and $25.9 million for the full year 2023, up from $16.1 million in 2022. The return on average assets increased significantly to 1.12% from 0.70% in the prior year, and the net interest margin expanded to 4.33% from 4.06%. Total loan growth for the fourth quarter was $29.4 million, and tangible book value per share increased by $0.48 to $13.56. However, the fourth quarter results were impacted by a $1 million pre-tax loss on the sale of securities and a $1.3 million charge-off for a nonaccrual loan reported in the prior quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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News
SOUTHERN CALIFORNIA BANCORP AND CALIFORNIA BANCORP ANNOUNCE A MERGER OF EQUALS TO CREATE A PREMIER CALIFORNIA BUSINESS BANK
Rhea-AI Summary
Southern California Bancorp and California BanCorp have announced a definitive merger agreement valued at approximately $233.6 million, creating a premier California financial institution with $4.6 billion in assets. The merger is an all-stock transaction, with each outstanding share of California BanCorp common stock being exchanged for 1.590 shares of Southern California Bancorp common stock. The companies will evaluate rebranding with new names and logos for the combined company and bank. The transaction is expected to close in the third quarter of 2024, subject to satisfaction of customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
acquisition
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News
SOUTHERN CALIFORNIA BANCORP ANNOUNCES THE RETIREMENT OF CHAIRMAN EMERITUS AND DIRECTOR JOHN FARKASH
Rhea-AI Summary
Southern California Bancorp (BCAL) announced the retirement of Chairman Emeritus and Director John Farkash due to health reasons. Mr. Farkash was a Founding Director of the Company in 2002 and served as its chairman for nearly 20 years. During his tenure, the company grew from a few million to $1.6 billion in assets. In addition to his role in building Southern California Bancorp and Bank of Southern California, Mr. Farkash is the Founder and President of Farkash Construction, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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none
News
Bank of Southern California Named as One of the 2023 Best Banks to Work For by American Banker
Rhea-AI Summary
Bank of Southern California, N.A. (BCAL) has been named one of American Banker’s 2023 Best Banks to Work For, based on employee surveys. This is the first year the bank has received this honor, making it one of only four Southern California banks and 90 banks nationwide to be recognized. The bank's Chairman and CEO, David Rainer, expressed pride in the employee-friendly culture and dedicated team that contributed to this achievement.
Rhea-AI Impact
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News
SOUTHERN CALIFORNIA BANCORP REPORTS NET INCOME OF $6.6 MILLION FOR THE THIRD QUARTER
Rhea-AI Summary
Southern California Bancorp reports net income of $6.6 million for Q3 2023, compared to $6.9 million in Q3 2022. Net interest income of $71.6 million and net income of $21.5 million year-to-date. Return on average assets of 1.12% and net interest margin of 4.23%. Tangible book value per share increased to $13.08. Loan portfolio grew by $20.9 million. Nonperforming assets to total assets ratio increased to 0.62%. Total assets of $2.31 billion. Total loans of $1.94 billion. Total deposits of $1.98 billion. Noninterest-bearing demand deposits were $736.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
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News
Bank of Southern California Announces the Appointment of David Rouhafza as Executive Vice President Deposit and Treasury Services, and West LA Regional Manager
Rhea-AI Summary
Bank of Southern California, N.A. appoints David Rouhafza as EVP and West LA Regional Manager
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
Tags
management
News
SOUTHERN CALIFORNIA BANCORP REPORTS NET INCOME OF $6.7 MILLION FOR THE SECOND QUARTER
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SOUTHERN CALIFORNIA BANCORP ANNOUNCES SHARE REPURCHASE PROGRAM
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
Tags
buyback
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News
SOUTHERN CALIFORNIA BANCORP ANNOUNCES RETIREMENT OF CHIEF CREDIT OFFICER ANNE WILLIAMS, AND NAMES PETER NUTZ AS SUCCESSOR
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
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none
News
SOUTHERN CALIFORNIA BANCORP ANNOUNCES APPOINTMENT OF RICHARD MARTIN TO BOARD OF DIRECTORS
Rhea-AI Summary
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Southern Calif Bancorp

Nasdaq:BCAL

BCAL Rankings

#3541 Ranked by Market Cap
#3139 Ranked by Stock Gains
N/A Ranked by Dividends

BCAL Stock Data

262.28M
9.22M
23.95%
56.38%
1.56%
Commercial Banking
Finance and Insurance
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