CALIFORNIA BANCORP REPORTS NET INCOME OF $16.4 MILLION FOR THE FOURTH QUARTER AND $63.1 MILLION FOR THE FULL YEAR OF 2025
Rhea-AI Summary
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.
Positive
- Net income of $63.1M for full-year 2025
- Q4 net income of $16.4M and EPS $0.50
- Tangible book value per share up $2.08 year-over-year to $13.79
- Reversal of provision for credit losses of $8.8M in 2025
- Repurchased 211,928 shares in 2025 at average $15.89
Negative
- Total loans decreased $97.4M from Dec 31, 2024 to $3.06B
- Total deposits declined $30M year-over-year to $3.37B
- Efficiency ratio rose to 60.80% in Q4 due to severance and litigation
News Market Reaction
On the day this news was published, BCAL declined 0.33%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BCAL slipped 0.16% while peers showed mixed moves: SPFI fell 5.87%, HONE -1.79%, EGBN -1.17%, GNTY -1.46%, and BHB rose 0.82%. This pattern points to stock-specific rather than broad sector trading.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 29 | Q3 2024 earnings | Negative | +0.8% | Large merger-driven net loss despite expanded post-merger balance sheet. |
| Jul 29 | Q2 2024 earnings | Negative | -1.4% | Sharp earnings drop from one-time real estate charges and softer profitability. |
Earnings-related headlines have produced modest, mixed share reactions, with one positive and one negative move of relatively small magnitude.
Over the past two years, BCAL’s earnings reports have tracked its merger-driven transformation. In Q2–Q3 2024, results swung from a small profit to a large merger-related loss even as the combined franchise reached about $4.25B in assets. Earlier Southern California Bancorp results showed pressured profitability but improving credit. Today’s 2025 fourth-quarter and full-year release extends that narrative with materially higher net income, stronger returns on equity and assets, and lower nonperforming asset ratios compared with 2024 levels.
Historical Comparison
Past earnings releases moved BCAL about 1.1% on average, often tied to merger-related noise. This report instead emphasizes normalized profitability, credit improvement, and capital returns.
Earnings have progressed from low or negative profitability in 2024, largely driven by merger effects, to substantially higher returns and cleaner credit metrics in 2025 for the combined franchise.
Market Pulse Summary
This announcement highlights a major step-up in profitability, with 2025 net income of $63.1M versus $5.4M in 2024, supported by a 4.55% net interest margin and a lower efficiency ratio of 56.1%. Credit costs flipped to an $8.8M reversal of provisions, and nonperforming asset ratios improved. Investors may watch how loan growth, deposit mix, and credit quality trends evolve, especially following the recent merger integration and leadership transition.
Key Terms
net interest margin financial
return on average assets financial
return on average common equity financial
tangible common equity financial
allowance for credit losses financial
allowance for loan losses financial
nonperforming assets financial
AI-generated analysis. Not financial advice.
San Diego, Calif., Jan. 28, 2026 (GLOBE NEWSWIRE) -- California BanCorp (“us,” “we,” “our,” or the “Company”) (NASDAQ: BCAL), the holding company for California Bank of Commerce, N.A. (the “Bank”) announces its consolidated financial results for the fourth quarter and full year of 2025.
The Company reported net income of
“2025 was a transformational year for California BanCorp, with the successful completion and integration of our 2024 merger that extended our footprint over all the best markets in California,” said David Rainer, Chairman and CEO of the Company and Bank. “During the last year we also restructured and derisked our balance sheet. We reduced high-risk loans, improving our credit profile, and terminated our dependence on high cost brokered deposits while growing core deposits, lowering our cost of funds. We are now very well positioned and remain focused on the organic growth of loans and deposits through our relationship-based business model in all our markets.
“Strong earnings throughout the year and prudent capital management allowed us to continue creating shareholder value through the repurchase of our stock and the implementation of a quarterly dividend for our shareholders.
“The recent M&A activity has increased the scarcity of relationship-based commercial banks that offer a high-touch service model like ours to small and middle-market businesses. With the traction we are achieving after a transformative year, and a footprint covering the very best markets in the state, and arguably the country, we believe there is a very bright future for our franchise. As we reported earlier this week, we added five experienced bankers, including two veteran commercial bankers with deep roots in the community, to our Northern California team. We are well positioned for growth and to take advantage of any disruption in local commercial banking markets due to M&A, and we will continue to be opportunistic in adding high-level talent across all the markets we serve.
“Steven Shelton, our former CEO who retired in December, played a crucial role in helping us get to where we are today and we thank him for all the contributions he made to our success, and wish him all the best in his retirement.”
Fourth Quarter 2025 Highlights
| ● | Net income of | |
| ● | Net interest margin of | |
| ● | Reversal of provision for credit losses of | |
| ● | Return on average assets of | |
| ● | Return on average common equity of | |
| ● | Return on average tangible common equity (non-GAAP1) of | |
| ● | Total loans, including loans held for sale, increased to | |
| ● | Nonperforming assets to total assets ratio of | |
| ● | Allowance for credit losses (“ACL”) was | |
| ● | Total deposits of | |
| ● | Cost of deposits was | |
| ● | Cost of funds was | |
| ● | Repurchased 122,428 shares of common stock at an average price of | |
| ● | Dividend of | |
| ● | Tangible book value per common share (non-GAAP1) of | |
| ● | The Company’s preliminary capital ratios at December 31, 2025 exceed the minimums required to be “well-capitalized,” the highest regulatory capital category. |
Full Year 2025 Highlights
| ● | Net income of | |
| ● | Net interest margin of | |
| ● | Reversal of provision for credit losses of | |
| ● | Return on average assets of | |
| ● | Return on average common equity of | |
| ● | Return on average tangible common equity (non-GAAP1) of | |
| ● | Efficiency ratio (non-GAAP1) of | |
| ● | Total loans, including loans held for sale, decreased to | |
| ● | Nonperforming assets to total assets ratio of | |
| ● | Allowance for credit losses was | |
| ● | Total deposits of | |
| ● | Cost of deposits was | |
| ● | Cost of funds was | |
| ● | Repurchased 211,928 shares of common stock at an average price of | |
| ● | Dividend of | |
| ● | Tangible book value per common share (“TBV”) (non-GAAP1) of |
Fourth Quarter Operating Results
Net Income
Net income for the fourth quarter of 2025 was
Net Interest Income and Net Interest Margin
Net interest income for the fourth quarter of 2025 was
Net interest margin for the fourth quarter of 2025 was
Cost of funds for the fourth quarter of 2025 was
Average total borrowings decreased
Reversal of Provision for Credit Losses
The Company recorded a reversal of provision for credit losses of
The provision for credit losses for loans held for investment in the fourth quarter of 2025 was a reversal of
Noninterest Income
Total noninterest income was
Noninterest Expense
Total noninterest expense for the fourth quarter of 2025 was
Efficiency ratio (non-GAAP1) for the fourth quarter of 2025 was
Income Tax
In the fourth quarter of 2025, the Company’s income tax expense was
Balance Sheet
Assets
Total assets at December 31, 2025 were
Loans
Total loans held for investment were
Deposits
Total deposits at December 31, 2025 were
Federal Home Loan Bank (“FHLB”) and Liquidity
At December 31, 2025 and September 30, 2025, the Company had no FHLB or Federal Reserve Discount Window borrowings.
At December 31, 2025, the Company had available borrowing capacity from an FHLB secured line of credit of approximately
Total borrowings decreased
Asset Quality
Total non-performing assets were
The increase in total non-performing loans was primarily due to a downgrade of an SBA guaranteed commercial and industrial loan of
Special mention loans decreased by
The Company had no loans that were over 90 days past due and still accruing interest at December 31, 2025 and September 30, 2025.
Loan delinquencies (30-89 days past due, excluding nonaccrual loans) totaled
The allowance for credit losses, which is comprised of the ALL and reserve for unfunded loan commitments, totaled
The ALL was
Capital
Tangible book value per common share (non-GAAP1) at December 31, 2025 was
The Company’s preliminary capital ratios exceed the minimums required to be “well-capitalized” at December 31, 2025.
Stock Repurchase Program
During the fourth quarter of 2025, the Company repurchased 122,428 shares of its common stock at an average price of
ABOUT CALIFORNIA BANCORP
California BanCorp (NASDAQ: BCAL) is a registered bank holding company headquartered in San Diego, California. California Bank of Commerce, N.A., a national banking association chartered under the laws of the United States (the “Bank”) and regulated by the Office of the Comptroller of the Currency, is a wholly owned subsidiary of California BanCorp. Established in 2001 and headquartered in San Diego, California, the Bank offers a range of financial products and services to individuals, professionals, and small to medium-sized businesses through its 14 branch offices and four loan production offices serving Northern and Southern California. The Bank’s solutions-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. Additional information is available at www.californiabankofcommerce.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
In addition to historical information, this release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and other matters that are not historical facts. Examples of forward-looking statements include, among others, statements regarding expectations, plans or objectives for future operations, products or services, loan recoveries, projections, and expectations regarding the adequacy of reserves for credit losses, as well as forecasts relating to financial and operating results or other measures of economic performance. Forward-looking statements reflect management’s current view about future events and involve risks and uncertainties that may cause actual results to differ from those expressed in the forward-looking statement or historical results. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and often include the words or phrases such as “aim,” “can,” “may,” “could,” “predict,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “hope,” “intend,” “plan,” “potential,” “project,” “will likely result,” “continue,” “seek,” “shall,” “possible,” “projection,” “optimistic,” and “outlook,” and variations of these words and similar expressions.
Factors that could cause or contribute to results differing from those in or implied in the forward-looking statements include but are not limited to the impact of bank failures or other adverse developments at other banks on general investor sentiment regarding the stability and liquidity of banks; changes in real estate markets and valuations; the impact on financial markets from geopolitical conflicts; inflation, interest rate, market and monetary fluctuations and general economic conditions, either nationally or locally in the areas in which the Company conducts business; increases in competitive pressures among financial institutions and businesses offering similar products and services; general credit risks related to lending, including changes in the value of real estate or other collateral, the financial condition of borrowers, the effectiveness of our underwriting practices and the risk of fraud; higher than anticipated defaults in the Company’s loan portfolio; changes in management’s estimate of the adequacy of the allowance for credit losses or the factors the Company uses to determine the allowance for credit losses; changes in demand for loans and other products and services offered by the Company; the possibility that the Company may reduce or discontinue the payment of dividends on its common stock; the possibility that the Company may discontinue, reduce or otherwise limit the level of repurchases of its common stock that it may make from time to time pursuant to its stock repurchase program; the costs and outcomes of litigation; legislative or regulatory changes or changes in accounting principles, policies or guidelines; and other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) and other documents the Company may file with the SEC from time to time.
Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and other documents the Company files with the SEC from time to time.
Any forward-looking statement made in this release is based only on information currently available to management and speaks only as of the date on which it is made. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements or to conform such forward-looking statements to actual results or to changes in its opinions or expectations, except as required by law.
California BanCorp and Subsidiary
Financial Highlights (Unaudited)
| At or for the Three Months Ended | At or for the Year Ended | |||||||||||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | ||||||||||||||||
| ($ in thousands except share and per share data) | ||||||||||||||||||||
| EARNINGS | ||||||||||||||||||||
| Net interest income | $ | 42,905 | $ | 42,515 | $ | 44,541 | $ | 169,092 | $ | 122,984 | ||||||||||
| (Reversal of) provision for credit losses | $ | (4,398 | ) | $ | (15 | ) | $ | (3,835 | ) | $ | (8,823 | ) | $ | 21,690 | ||||||
| Noninterest income | $ | 2,995 | $ | 2,668 | $ | 1,004 | $ | 11,085 | $ | 4,760 | ||||||||||
| Noninterest expense | $ | 27,908 | $ | 23,382 | $ | 26,125 | $ | 101,043 | $ | 97,791 | ||||||||||
| Income tax expense | $ | 5,968 | $ | 6,132 | $ | 6,483 | $ | 24,899 | $ | 2,830 | ||||||||||
| Net income | $ | 16,422 | $ | 15,684 | $ | 16,772 | $ | 63,058 | $ | 5,433 | ||||||||||
| Pre-tax pre-provision income (1) | $ | 17,992 | $ | 21,801 | $ | 19,420 | $ | 79,134 | $ | 29,953 | ||||||||||
| Adjusted pre-tax pre-provision income (1) | $ | 17,992 | $ | 21,801 | $ | 20,063 | $ | 79,134 | $ | 46,241 | ||||||||||
| Diluted earnings per share | $ | 0.50 | $ | 0.48 | $ | 0.51 | $ | 1.93 | $ | 0.22 | ||||||||||
| Shares outstanding at period end | 32,418,182 | 32,443,056 | 32,265,935 | 32,418,182 | 32,265,935 | |||||||||||||||
| PERFORMANCE RATIOS | ||||||||||||||||||||
| Return on average assets | 1.58 | % | 1.54 | % | 1.60 | % | 1.57 | % | 0.18 | % | ||||||||||
| Adjusted return on average assets (1) | 1.58 | % | 1.54 | % | 1.64 | % | 1.57 | % | 1.05 | % | ||||||||||
| Return on average common equity | 11.43 | % | 11.24 | % | 13.21 | % | 11.56 | % | 1.43 | % | ||||||||||
| Adjusted return on average common equity (1) | 11.43 | % | 11.24 | % | 13.57 | % | 11.56 | % | 8.53 | % | ||||||||||
| Yield on total loans | 6.31 | % | 6.50 | % | 6.84 | % | 6.50 | % | 6.55 | % | ||||||||||
| Yield on interest earning assets | 5.82 | % | 6.08 | % | 6.48 | % | 6.09 | % | 6.26 | % | ||||||||||
| Cost of deposits | 1.43 | % | 1.59 | % | 1.87 | % | 1.55 | % | 2.01 | % | ||||||||||
| Cost of funds | 1.50 | % | 1.69 | % | 1.99 | % | 1.66 | % | 2.12 | % | ||||||||||
| Net interest margin | 4.44 | % | 4.52 | % | 4.61 | % | 4.55 | % | 4.28 | % | ||||||||||
| Efficiency ratio (1) | 60.80 | % | 51.75 | % | 57.36 | % | 56.08 | % | 76.55 | % | ||||||||||
| Adjusted efficiency ratio (1) | 60.80 | % | 51.75 | % | 55.95 | % | 56.08 | % | 63.80 | % | ||||||||||
| As of | ||||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | ||||||||||
| ($ in thousands except share and per share data) | ||||||||||||
| CAPITAL | ||||||||||||
| Tangible equity to tangible assets (1) | 11.45 | % | 10.94 | % | 9.69 | % | ||||||
| Book value (BV) per common share | $ | 17.79 | $ | 17.41 | $ | 15.86 | ||||||
| Tangible BV per common share (1) | $ | 13.79 | $ | 13.39 | $ | 11.71 | ||||||
| ASSET QUALITY | ||||||||||||
| Allowance for loan losses (ALL) | $ | 34,348 | $ | 41,292 | $ | 50,540 | ||||||
| Reserve for unfunded loan commitments | $ | 2,105 | $ | 2,278 | $ | 3,103 | ||||||
| Allowance for credit losses (ACL) | $ | 36,453 | $ | 43,570 | $ | 53,643 | ||||||
| Allowance for loan losses to nonperforming loans | 213.5 | % | 264.7 | % | 190.5 | % | ||||||
| ALL to total loans held for investment | 1.13 | % | 1.38 | % | 1.61 | % | ||||||
| ACL to total loans held for investment | 1.20 | % | 1.46 | % | 1.71 | % | ||||||
| 30-89 days past due, excluding nonaccrual loans | $ | 14,735 | $ | 3,154 | $ | 12,082 | ||||||
| Over 90 days past due, excluding nonaccrual loans | $ | — | $ | — | $ | 150 | ||||||
| Special mention loans | $ | 72,407 | $ | 98,416 | $ | 69,339 | ||||||
| Special mention loans to total loans held for investment | 2.39 | % | 3.29 | % | 2.21 | % | ||||||
| Substandard loans | $ | 60,681 | $ | 84,660 | $ | 117,598 | ||||||
| Substandard loans to total loans held for investment | 2.00 | % | 2.83 | % | 3.75 | % | ||||||
| Nonperforming loans | $ | 16,086 | $ | 15,600 | $ | 26,536 | ||||||
| Nonperforming loans to total loans held for investment | 0.53 | % | 0.52 | % | 0.85 | % | ||||||
| Other real estate owned, net | $ | — | $ | — | $ | 4,083 | ||||||
| Nonperforming assets | $ | 16,086 | $ | 15,600 | $ | 30,619 | ||||||
| Nonperforming assets to total assets | 0.40 | % | 0.38 | % | 0.76 | % | ||||||
| END OF PERIOD BALANCES | ||||||||||||
| Total loans, including loans held for sale | $ | 3,058,992 | $ | 2,996,984 | $ | 3,156,345 | ||||||
| Total assets | $ | 4,033,386 | $ | 4,101,209 | $ | 4,031,654 | ||||||
| Deposits | $ | 3,370,581 | $ | 3,459,661 | $ | 3,398,760 | ||||||
| Loans to deposits | 90.8 | % | 86.6 | % | 92.9 | % | ||||||
| Shareholders’ equity | $ | 576,586 | $ | 564,724 | $ | 511,836 | ||||||
| (1 | ) | Non-GAAP measure. See – GAAP to Non-GAAP reconciliation. |
| At or for the Three Months Ended | At or for the Year Ended | |||||||||||||||||||
| ALLOWANCE for CREDIT LOSSES | December 31, 2025 | September 30, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | |||||||||||||||
| ($ in thousands) | ||||||||||||||||||||
| Allowance for loan losses | ||||||||||||||||||||
| Balance at beginning of period | $ | 41,292 | $ | 41,110 | $ | 53,552 | $ | 50,540 | $ | 22,569 | ||||||||||
| Initial allowance for PCD loans | — | — | — | — | 11,216 | |||||||||||||||
| (Reversal of) provision for credit losses (1) | (4,225 | ) | 221 | (2,867 | ) | (7,825 | ) | 19,520 | ||||||||||||
| Charge-offs | (2,761 | ) | (323 | ) | (154 | ) | (10,490 | ) | (2,774 | ) | ||||||||||
| Recoveries | 42 | 284 | 9 | 2,123 | 9 | |||||||||||||||
| Net charge-offs | (2,719 | ) | (39 | ) | (145 | ) | (8,367 | ) | (2,765 | ) | ||||||||||
| Balance, end of period | $ | 34,348 | $ | 41,292 | $ | 50,540 | $ | 34,348 | $ | 50,540 | ||||||||||
| Reserve for unfunded loan commitments (2) | ||||||||||||||||||||
| Balance, beginning of period | $ | 2,278 | $ | 2,514 | $ | 4,071 | $ | 3,103 | $ | 933 | ||||||||||
| (Reversal of) provision for credit losses (3) | (173 | ) | (236 | ) | (968 | ) | (998 | ) | 2,170 | |||||||||||
| Balance, end of period | 2,105 | 2,278 | 3,103 | 2,105 | 3,103 | |||||||||||||||
| Allowance for credit losses | $ | 36,453 | $ | 43,570 | $ | 53,643 | $ | 36,453 | $ | 53,643 | ||||||||||
| ALL to total loans held for investment | 1.13 | % | 1.38 | % | 1.61 | % | 1.13 | % | 1.61 | % | ||||||||||
| ACL to total loans held for investment | 1.20 | % | 1.46 | % | 1.71 | % | 1.20 | % | 1.71 | % | ||||||||||
| Net charge-offs to average total loans | (0.36 | )% | (0.01 | )% | (0.02 | )% | (0.28 | )% | (0.11 | )% | ||||||||||
| (1 | ) | Includes |
| (2 | ) | Included in “Accrued interest and other liabilities” on the consolidated balance sheets. |
| (3 | ) | Includes |
California BanCorp and Subsidiary
Balance Sheets (Unaudited)
| December 31, 2025 | September 30, 2025 | December 31, 2024 | ||||||||||
| ($ in thousands) | ||||||||||||
| ASSETS | ||||||||||||
| Cash and due from banks | $ | 52,013 | $ | 95,046 | $ | 60,471 | ||||||
| Federal funds sold & other interest-bearing balances | 347,900 | 464,170 | 327,691 | |||||||||
| Total cash and cash equivalents | 399,913 | 559,216 | 388,162 | |||||||||
| Debt securities available-for-sale, at fair value (amortized cost of | 234,890 | 209,402 | 142,001 | |||||||||
| Debt securities held-to-maturity, at cost (fair value of | 52,936 | 53,022 | 53,280 | |||||||||
| Loans held for sale | 25,105 | 6,685 | 17,180 | |||||||||
| Loans held for investment: | ||||||||||||
| Construction & land development | 138,894 | 172,747 | 227,325 | |||||||||
| 1-4 family residential | 142,399 | 141,771 | 164,401 | |||||||||
| Multifamily | 324,075 | 297,453 | 243,993 | |||||||||
| Other commercial real estate | 1,820,445 | 1,760,741 | 1,767,727 | |||||||||
| Commercial & industrial | 605,859 | 595,085 | 710,970 | |||||||||
| Other consumer | 2,215 | 22,502 | 24,749 | |||||||||
| Total loans held for investment | 3,033,887 | 2,990,299 | 3,139,165 | |||||||||
| Allowance for credit losses - loans | (34,348 | ) | (41,292 | ) | (50,540 | ) | ||||||
| Total loans held for investment, net | 2,999,539 | 2,949,007 | 3,088,625 | |||||||||
| Restricted stock at cost | 30,932 | 30,899 | 30,829 | |||||||||
| Premises and equipment | 12,116 | 12,419 | 13,595 | |||||||||
| Right of use asset | 15,094 | 15,246 | 14,350 | |||||||||
| Other real estate owned, net | — | — | 4,083 | |||||||||
| Goodwill | 110,934 | 110,934 | 111,787 | |||||||||
| Intangible assets | 18,480 | 19,427 | 22,271 | |||||||||
| Bank owned life insurance | 67,367 | 66,880 | 66,636 | |||||||||
| Deferred taxes, net | 29,041 | 31,929 | 43,127 | |||||||||
| Accrued interest and other assets | 37,039 | 36,143 | 35,728 | |||||||||
| Total assets | $ | 4,033,386 | $ | 4,101,209 | $ | 4,031,654 | ||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Deposits: | ||||||||||||
| Noninterest-bearing demand | $ | 1,178,256 | $ | 1,237,985 | $ | 1,257,007 | ||||||
| Interest-bearing NOW accounts | 840,593 | 855,854 | 673,589 | |||||||||
| Money market and savings accounts | 1,223,486 | 1,225,860 | 1,182,927 | |||||||||
| Time deposits | 128,246 | 139,962 | 285,237 | |||||||||
| Total deposits | 3,370,581 | 3,459,661 | 3,398,760 | |||||||||
| Borrowings | 33,832 | 33,443 | 69,725 | |||||||||
| Operating lease liability | 18,936 | 19,154 | 18,310 | |||||||||
| Accrued interest and other liabilities | 33,451 | 24,227 | 33,023 | |||||||||
| Total liabilities | 3,456,800 | 3,536,485 | 3,519,818 | |||||||||
| Shareholders’ Equity: | ||||||||||||
| Common stock - 50,000,000 shares authorized, no par value; issued and outstanding 32,418,182, 32,443,056 and 32,265,935 at December 31, 2025, September 30, 2025 and December 31, 2024 | 442,394 | 444,132 | 442,469 | |||||||||
| Retained earnings | 135,813 | 122,644 | 76,008 | |||||||||
| Accumulated other comprehensive loss - net of taxes | (1,621 | ) | (2,052 | ) | (6,641 | ) | ||||||
| Total shareholders’ equity | 576,586 | 564,724 | 511,836 | |||||||||
| Total liabilities and shareholders’ equity | $ | 4,033,386 | $ | 4,101,209 | $ | 4,031,654 | ||||||
California BanCorp and Subsidiary
Income Statements - Quarterly and Year-to-Date (Unaudited)
| Three Months Ended | Year Ended | |||||||||||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | ||||||||||||||||
| ($ in thousands except share and per share data) | ||||||||||||||||||||
| INTEREST AND DIVIDEND INCOME | ||||||||||||||||||||
| Interest and fees on loans | $ | 47,426 | $ | 48,721 | $ | 54,791 | $ | 195,913 | $ | 159,960 | ||||||||||
| Interest on debt securities | 2,403 | 2,142 | 1,698 | 7,820 | 5,827 | |||||||||||||||
| Interest on tax-exempted debt securities | 298 | 302 | 305 | 1,209 | 1,223 | |||||||||||||||
| Interest and dividends from other institutions | 6,054 | 6,023 | 5,764 | 21,038 | 12,788 | |||||||||||||||
| Total interest and dividend income | 56,181 | 57,188 | 62,558 | 225,980 | 179,798 | |||||||||||||||
| INTEREST EXPENSE | ||||||||||||||||||||
| Interest on NOW, savings, and money market accounts | 11,376 | 12,159 | 12,447 | 46,041 | 37,329 | |||||||||||||||
| Interest on time deposits | 1,204 | 1,402 | 4,179 | 6,219 | 15,432 | |||||||||||||||
| Interest on borrowings | 696 | 1,112 | 1,391 | 4,628 | 4,053 | |||||||||||||||
| Total interest expense | 13,276 | 14,673 | 18,017 | 56,888 | 56,814 | |||||||||||||||
| Net interest income | 42,905 | 42,515 | 44,541 | 169,092 | 122,984 | |||||||||||||||
| (Reversal of) provision for credit losses (1) | (4,398 | ) | (15 | ) | (3,835 | ) | (8,823 | ) | 21,690 | |||||||||||
| Net interest income after (reversal of) provision for credit losses | 47,303 | 42,530 | 48,376 | 177,915 | 101,294 | |||||||||||||||
| NONINTEREST INCOME | ||||||||||||||||||||
| Service charges and fees on deposit accounts | 1,107 | 1,099 | 911 | 4,570 | 3,140 | |||||||||||||||
| (Loss) gain on sale of loans | — | — | (1,095 | ) | 577 | (672 | ) | |||||||||||||
| Bank owned life insurance income | 487 | 883 | 823 | 2,336 | 1,748 | |||||||||||||||
| Servicing and related income on loans | 140 | 69 | 157 | 453 | 307 | |||||||||||||||
| Loss on sale of fixed assets | — | — | — | (1 | ) | (19 | ) | |||||||||||||
| Other charges and fees | 1,261 | 617 | 208 | 3,150 | 256 | |||||||||||||||
| Total noninterest income | 2,995 | 2,668 | 1,004 | 11,085 | 4,760 | |||||||||||||||
| NONINTEREST EXPENSE | ||||||||||||||||||||
| Salaries and employee benefits | 16,414 | 14,717 | 16,074 | 62,288 | 49,845 | |||||||||||||||
| Occupancy and equipment expenses | 2,295 | 2,060 | 2,314 | 8,601 | 7,242 | |||||||||||||||
| Data processing | 1,929 | 1,913 | 1,960 | 7,608 | 5,832 | |||||||||||||||
| Legal, audit and professional | 972 | 843 | 817 | 3,646 | 2,559 | |||||||||||||||
| Regulatory assessments | 507 | 508 | 436 | 2,282 | 1,714 | |||||||||||||||
| Director and shareholder expenses | 311 | 353 | 458 | 1,463 | 1,410 | |||||||||||||||
| Merger and related expenses | — | — | 643 | — | 16,288 | |||||||||||||||
| Intangible assets amortization | 947 | 948 | 1,060 | 3,791 | 1,877 | |||||||||||||||
| Litigation settlements, net | 2,035 | — | — | 2,035 | — | |||||||||||||||
| Other real estate owned expense (income) | 4 | (10 | ) | 220 | 924 | 5,246 | ||||||||||||||
| Other expense | 2,494 | 2,050 | 2,143 | 8,405 | 5,778 | |||||||||||||||
| Total noninterest expense | 27,908 | 23,382 | 26,125 | 101,043 | 97,791 | |||||||||||||||
| Income before income taxes | 22,390 | 21,816 | 23,255 | 87,957 | 8,263 | |||||||||||||||
| Income tax expense | 5,968 | 6,132 | 6,483 | 24,899 | 2,830 | |||||||||||||||
| Net income | $ | 16,422 | $ | 15,684 | $ | 16,772 | $ | 63,058 | $ | 5,433 | ||||||||||
| Net income per share - basic | $ | 0.51 | $ | 0.48 | $ | 0.52 | $ | 1.95 | $ | 0.22 | ||||||||||
| Net income per share - diluted | $ | 0.50 | $ | 0.48 | $ | 0.51 | $ | 1.93 | $ | 0.22 | ||||||||||
| Weighted average common shares-diluted | 32,787,551 | 32,811,827 | 32,698,714 | 32,746,110 | 24,623,397 | |||||||||||||||
| Pre-tax, pre-provision income (2) | $ | 17,992 | $ | 21,801 | $ | 19,420 | $ | 79,134 | $ | 29,953 | ||||||||||
| (1 | ) | Included (reversal of) provision for credit losses on unfunded loan commitments of |
| (2 | ) | Non-GAAP measure. See — GAAP to Non-GAAP reconciliation. |
California BanCorp and Subsidiary
Average Balance Sheets and Yield Analysis
(Unaudited)
| Three Months Ended | |||||||||||||||||||||||||||||||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | |||||||||||||||||||||||||||||||||||||
| Average Balance | Income/ Expense | Yield/ Cost | Average Balance | Income/ Expense | Yield/ Cost | Average Balance | Income/ Expense | Yield/ Cost | |||||||||||||||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||||||||||||||||||||
| Total loans | $ | 2,981,137 | $ | 47,426 | 6.31 | % | $ | 2,974,224 | $ | 48,721 | 6.50 | % | $ | 3,184,918 | $ | 54,791 | 6.84 | % | |||||||||||||||||||||
| Taxable debt securities | 221,991 | 2,403 | 4.29 | % | 191,922 | 2,142 | 4.43 | % | 147,895 | 1,698 | 4.57 | % | |||||||||||||||||||||||||||
| Tax-exempt debt securities (1) | 52,437 | 298 | 2.85 | % | 53,092 | 302 | 2.86 | % | 53,607 | 305 | 2.87 | % | |||||||||||||||||||||||||||
| Deposits in other financial institutions | 515,730 | 5,215 | 4.01 | % | 452,615 | 5,101 | 4.47 | % | 422,032 | 5,123 | 4.83 | % | |||||||||||||||||||||||||||
| Fed funds sold/resale agreements | 26,854 | 268 | 3.96 | % | 29,575 | 315 | 4.23 | % | 3,353 | 38 | 4.51 | % | |||||||||||||||||||||||||||
| Restricted stock investments and other bank stock | 31,738 | 571 | 7.14 | % | 31,702 | 607 | 7.60 | % | 30,341 | 603 | 7.91 | % | |||||||||||||||||||||||||||
| Total interest-earning assets | 3,829,887 | 56,181 | 5.82 | % | 3,733,130 | 57,188 | 6.08 | % | 3,842,146 | 62,558 | 6.48 | % | |||||||||||||||||||||||||||
| Total noninterest-earning assets | 305,526 | 308,742 | 326,601 | ||||||||||||||||||||||||||||||||||||
| Total Assets | $ | 4,135,413 | $ | 4,041,872 | $ | 4,168,747 | |||||||||||||||||||||||||||||||||
| Liabilities and Shareholders’ Equity | |||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||||||
| Interest-bearing NOW accounts | $ | 880,592 | $ | 3,896 | 1.76 | % | $ | 862,250 | $ | 4,172 | 1.92 | % | $ | 704,017 | $ | 3,784 | 2.14 | % | |||||||||||||||||||||
| Money market and savings accounts | 1,232,778 | 7,480 | 2.41 | % | 1,194,541 | 7,987 | 2.65 | % | 1,192,692 | 8,663 | 2.89 | % | |||||||||||||||||||||||||||
| Time deposits | 137,794 | 1,204 | 3.47 | % | 151,633 | 1,402 | 3.67 | % | 359,111 | 4,179 | 4.63 | % | |||||||||||||||||||||||||||
| Total interest-bearing deposits | 2,251,164 | 12,580 | 2.22 | % | 2,208,424 | 13,561 | 2.44 | % | 2,255,820 | 16,626 | 2.93 | % | |||||||||||||||||||||||||||
| Borrowings: | |||||||||||||||||||||||||||||||||||||||
| FHLB advances | 29 | — | — | % | — | — | — | % | — | — | — | % | |||||||||||||||||||||||||||
| Subordinated debt | 33,667 | 696 | 8.20 | % | 52,952 | 1,112 | 8.33 | % | 69,420 | 1,391 | 7.97 | % | |||||||||||||||||||||||||||
| Total borrowings | 33,696 | 696 | 8.19 | % | 52,952 | 1,112 | 8.33 | % | 69,420 | 1,391 | 7.97 | % | |||||||||||||||||||||||||||
| Total interest-bearing liabilities | 2,284,860 | 13,276 | 2.31 | % | 2,261,376 | 14,673 | 2.57 | % | 2,325,240 | 18,017 | 3.08 | % | |||||||||||||||||||||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing deposits (2) | 1,232,833 | 1,183,313 | 1,283,591 | ||||||||||||||||||||||||||||||||||||
| Other liabilities | 47,582 | 43,640 | 55,007 | ||||||||||||||||||||||||||||||||||||
| Shareholders’ equity | 570,138 | 553,543 | 504,909 | ||||||||||||||||||||||||||||||||||||
| Total Liabilities and Shareholders’ Equity | $ | 4,135,413 | $ | 4,041,872 | $ | 4,168,747 | |||||||||||||||||||||||||||||||||
| Net interest spread | 3.51 | % | 3.51 | % | 3.40 | % | |||||||||||||||||||||||||||||||||
| Net interest income and margin | $ | 42,905 | 4.44 | % | $ | 42,515 | 4.52 | % | $ | 44,541 | 4.61 | % | |||||||||||||||||||||||||||
| Cost of deposits | $ | 3,483,997 | $ | 12,580 | 1.43 | % | $ | 3,391,737 | $ | 13,561 | 1.59 | % | $ | 3,539,411 | $ | 16,626 | 1.87 | % | |||||||||||||||||||||
| Cost of funds | $ | 3,517,693 | $ | 13,276 | 1.50 | % | $ | 3,444,689 | $ | 14,673 | 1.69 | % | $ | 3,608,831 | $ | 18,017 | 1.99 | % | |||||||||||||||||||||
| (1 | ) | Tax-exempt debt securities yields are presented on a tax equivalent basis using a |
| (2 | ) | Average noninterest-bearing deposits represent |
California BanCorp and Subsidiary
Average Balance Sheets and Yield Analysis
(Unaudited)
| Year Ended | |||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||
| Average Balance | Income/ Expense | Yield/ Cost | Average Balance | Income/ Expense | Yield/ Cost | ||||||||||||||||||||
| ($ in thousands) | |||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||||||
| Total loans | $ | 3,013,883 | $ | 195,913 | 6.50 | % | $ | 2,443,127 | $ | 159,960 | 6.55 | % | |||||||||||||
| Taxable debt securities | 179,748 | 7,820 | 4.35 | % | 136,984 | 5,827 | 4.25 | % | |||||||||||||||||
| Tax-exempt debt securities (1) | 53,119 | 1,209 | 2.88 | % | 53,721 | 1,223 | 2.88 | % | |||||||||||||||||
| Deposits in other financial institutions | 395,835 | 17,054 | 4.31 | % | 171,939 | 8,692 | 5.06 | % | |||||||||||||||||
| Fed funds sold/resale agreements | 38,069 | 1,648 | 4.33 | % | 43,990 | 2,319 | 5.27 | % | |||||||||||||||||
| Restricted stock investments and other bank stock | 31,693 | 2,336 | 7.37 | % | 22,137 | 1,777 | 8.03 | % | |||||||||||||||||
| Total interest-earning assets | 3,712,347 | 225,980 | 6.09 | % | 2,871,898 | 179,798 | 6.26 | % | |||||||||||||||||
| Total noninterest-earning assets | 308,602 | 224,018 | |||||||||||||||||||||||
| Total Assets | $ | 4,020,949 | $ | 3,095,916 | |||||||||||||||||||||
| Liabilities and Shareholders’ Equity | |||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||
| Interest-bearing NOW accounts | $ | 811,050 | $ | 15,100 | 1.86 | % | $ | 492,140 | $ | 10,644 | 2.16 | % | |||||||||||||
| Money market and savings accounts | 1,184,863 | 30,941 | 2.61 | % | 910,426 | 26,685 | 2.93 | % | |||||||||||||||||
| Time deposits | 165,270 | 6,219 | 3.76 | % | 324,249 | 15,432 | 4.76 | % | |||||||||||||||||
| Total interest-bearing deposits | 2,161,183 | 52,260 | 2.42 | % | 1,726,815 | 52,761 | 3.06 | % | |||||||||||||||||
| Borrowings: | |||||||||||||||||||||||||
| FHLB advances | 7 | — | — | % | 19,543 | 1,103 | 5.64 | % | |||||||||||||||||
| Subordinated debt | 55,843 | 4,628 | 8.29 | % | 39,479 | 2,950 | 7.47 | % | |||||||||||||||||
| Total borrowings | 55,850 | 4,628 | 8.29 | % | 59,022 | 4,053 | 6.87 | % | |||||||||||||||||
| Total interest-bearing liabilities | 2,217,033 | 56,888 | 2.57 | % | 1,785,837 | 56,814 | 3.18 | % | |||||||||||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||||||||
| Noninterest-bearing deposits (2) | 1,212,810 | 893,586 | |||||||||||||||||||||||
| Other liabilities | 45,791 | 36,677 | |||||||||||||||||||||||
| Shareholders’ equity | 545,315 | 379,816 | |||||||||||||||||||||||
| Total Liabilities and Shareholders’ Equity | $ | 4,020,949 | $ | 3,095,916 | |||||||||||||||||||||
| Net interest spread | 3.52 | % | 3.08 | % | |||||||||||||||||||||
| Net interest income and margin | $ | 169,092 | 4.55 | % | $ | 122,984 | 4.28 | % | |||||||||||||||||
| Cost of deposits | $ | 3,373,993 | $ | 52,260 | 1.55 | % | $ | 2,620,401 | $ | 52,761 | 2.01 | % | |||||||||||||
| Cost of funds | $ | 3,429,843 | $ | 56,888 | 1.66 | % | $ | 2,679,423 | $ | 56,814 | 2.12 | % | |||||||||||||
| (1 | ) | Tax-exempt debt securities yields are presented on a tax equivalent basis using a |
| (2 | ) | Average noninterest-bearing deposits represent |
California BanCorp and Subsidiary
GAAP to Non-GAAP Reconciliation
(Unaudited)
The following tables present a reconciliation of non-GAAP financial measures to GAAP measures for: (1) adjusted net income, (2) efficiency ratio, (3) adjusted efficiency ratio, (4) pre-tax pre-provision income, (5) adjusted pre-tax pre-provision income, (6) average tangible common equity, (7) adjusted return on average assets, (8) adjusted return on average equity, (9) return on average tangible common equity, (10) adjusted return on average tangible common equity, (11) tangible common equity, (12) tangible assets, (13) tangible common equity to tangible asset ratio, and (14) tangible book value per common share. We believe the presentation of certain non-GAAP financial measures provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our peers. These non-GAAP financial measures complement our GAAP reporting and are presented below to provide investors and others with information that we use to manage the business each period. Because not all companies use identical calculations, the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP measures should be taken together with the corresponding GAAP measures and should not be considered a substitute of the GAAP measures.
| Three Months Ended | Year Ended | |||||||||||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | ||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||
| Adjusted net income | ||||||||||||||||||||
| Net income | $ | 16,422 | $ | 15,684 | $ | 16,772 | $ | 63,058 | $ | 5,433 | ||||||||||
| Add: After-tax Day1 provision for non PCD loans and unfunded loan commitments (1) | — | — | — | — | 14,978 | |||||||||||||||
| Add: After-tax merger and related expenses (1) | — | — | 453 | — | 11,988 | |||||||||||||||
| Adjusted net income (non-GAAP) | $ | 16,422 | $ | 15,684 | $ | 17,225 | $ | 63,058 | $ | 32,399 | ||||||||||
| Efficiency Ratio | ||||||||||||||||||||
| Noninterest expense | $ | 27,908 | $ | 23,382 | $ | 26,125 | $ | 101,043 | $ | 97,791 | ||||||||||
| Deduct: Merger and related expenses | — | — | 643 | — | 16,288 | |||||||||||||||
| Adjusted noninterest expense | 27,908 | 23,382 | 25,482 | 101,043 | 81,503 | |||||||||||||||
| Net interest income | 42,905 | 42,515 | 44,541 | 169,092 | 122,984 | |||||||||||||||
| Noninterest income | 2,995 | 2,668 | 1,004 | 11,085 | 4,760 | |||||||||||||||
| Total net interest income and noninterest income | $ | 45,900 | $ | 45,183 | $ | 45,545 | $ | 180,177 | $ | 127,744 | ||||||||||
| Efficiency ratio (non-GAAP) | 60.80 | % | 51.75 | % | 57.36 | % | 56.08 | % | 76.55 | % | ||||||||||
| Adjusted efficiency ratio (non-GAAP) | 60.80 | % | 51.75 | % | 55.95 | % | 56.08 | % | 63.80 | % | ||||||||||
| Pre-tax pre-provision income | ||||||||||||||||||||
| Net interest income | $ | 42,905 | $ | 42,515 | $ | 44,541 | $ | 169,092 | $ | 122,984 | ||||||||||
| Noninterest income | 2,995 | 2,668 | 1,004 | 11,085 | 4,760 | |||||||||||||||
| Total net interest income and noninterest income | 45,900 | 45,183 | 45,545 | 180,177 | 127,744 | |||||||||||||||
| Less: Noninterest expense | 27,908 | 23,382 | 26,125 | 101,043 | 97,791 | |||||||||||||||
| Pre-tax pre-provision income (non-GAAP) | 17,992 | 21,801 | 19,420 | 79,134 | 29,953 | |||||||||||||||
| Add: Merger and related expenses | — | — | 643 | — | 16,288 | |||||||||||||||
| Adjusted pre-tax pre-provision income (non-GAAP) | $ | 17,992 | $ | 21,801 | $ | 20,063 | $ | 79,134 | $ | 46,241 | ||||||||||
| (1 | ) | After-tax Day 1 provision for non-PCD loans and unfunded commitments and merger and related expenses are presented using a |
| Three Months Ended | Year Ended | |||||||||||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | ||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||
| Return on Average Assets, Equity, and Tangible Equity | ||||||||||||||||||||
| Net income | $ | 16,422 | $ | 15,684 | $ | 16,772 | $ | 63,058 | $ | 5,433 | ||||||||||
| Adjusted net income (non-GAAP) | $ | 16,422 | $ | 15,684 | $ | 17,225 | $ | 63,058 | $ | 32,399 | ||||||||||
| Average assets | $ | 4,135,413 | $ | 4,041,872 | $ | 4,168,747 | $ | 4,020,949 | $ | 3,095,916 | ||||||||||
| Average shareholders’ equity | 570,138 | 553,543 | 504,909 | 545,315 | 379,816 | |||||||||||||||
| Less: Average intangible assets | 129,870 | 130,825 | 135,073 | 131,703 | 79,564 | |||||||||||||||
| Average tangible common equity (non-GAAP) | $ | 440,268 | $ | 422,718 | $ | 369,836 | $ | 413,612 | $ | 300,252 | ||||||||||
| Return on average assets | 1.58 | % | 1.54 | % | 1.60 | % | 1.57 | % | 0.18 | % | ||||||||||
| Adjusted return on average assets (non-GAAP) | 1.58 | % | 1.54 | % | 1.64 | % | 1.57 | % | 1.05 | % | ||||||||||
| Return on average equity | 11.43 | % | 11.24 | % | 13.21 | % | 11.56 | % | 1.43 | % | ||||||||||
| Adjusted return on average equity (non-GAAP) | 11.43 | % | 11.24 | % | 13.57 | % | 11.56 | % | 8.53 | % | ||||||||||
| Return on average tangible common equity (non-GAAP) | 14.80 | % | 14.72 | % | 18.04 | % | 15.25 | % | 1.81 | % | ||||||||||
| Adjusted return on average tangible common equity (non-GAAP) | 14.80 | % | 14.72 | % | 18.53 | % | 15.25 | % | 10.79 | % | ||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | ||||||||||
| ($ in thousands except share and per share data) | ||||||||||||
| Tangible Common Equity Ratio/Tangible Book Value Per Share | ||||||||||||
| Shareholders’ equity | $ | 576,586 | $ | 564,724 | $ | 511,836 | ||||||
| Less: Intangible assets | 129,414 | 130,361 | 134,058 | |||||||||
| Tangible common equity (non-GAAP) | $ | 447,172 | $ | 434,363 | $ | 377,778 | ||||||
| Total assets | $ | 4,033,386 | $ | 4,101,209 | $ | 4,031,654 | ||||||
| Less: Intangible assets | 129,414 | 130,361 | 134,058 | |||||||||
| Tangible assets (non-GAAP) | $ | 3,903,972 | $ | 3,970,848 | $ | 3,897,596 | ||||||
| Equity to asset ratio | 14.30 | % | 13.77 | % | 12.70 | % | ||||||
| Tangible common equity to tangible asset ratio (non-GAAP) | 11.45 | % | 10.94 | % | 9.69 | % | ||||||
| Book value per share | $ | 17.79 | $ | 17.41 | $ | 15.86 | ||||||
| Tangible book value per share (non-GAAP) | $ | 13.79 | $ | 13.39 | $ | 11.71 | ||||||
| Shares outstanding | 32,418,182 | 32,443,056 | 32,265,935 | |||||||||
INVESTOR RELATIONS CONTACT
Kevin Mc Cabe
California Bank of Commerce, N.A.
kmccabe@bankcbc.com
818.637.7065
FAQ
What were California BanCorp (BCAL) Q4 2025 earnings and EPS?
How did California BanCorp (BCAL) perform for full-year 2025?
What is BCAL's net interest margin and loan/deposit position at Dec 31, 2025?
Did California BanCorp (BCAL) repurchase shares or pay dividends in 2025?
Why did BCAL record a reversal of provision for credit losses in 2025?
How did noninterest expense affect BCAL's Q4 2025 efficiency ratio?
