Pcb Bancorp Stock Price, News & Analysis

PCB Bancorp (NASDAQ: PCB) reported strong Q1 2025 financial results with net income of $7.7 million, or $0.53 per diluted share, up from $6.7 million ($0.46/share) in the previous quarter and $4.7 million ($0.33/share) year-over-year.

Key highlights include:

• Net interest income increased to $24.3 million, with net interest margin expanding to 3.28%
• Total assets grew 11.5% year-over-year to $3.18 billion
• Loans held-for-investment rose 13.7% to $2.73 billion
• Total deposits increased 13.0% to $2.71 billion
• Provision for credit losses was $1.6 million, down from $2.0 million in previous quarter

The bank maintained strong credit quality with an Allowance for Credit Losses ratio of 1.17% and demonstrated robust capital levels with a Tier 1 leverage ratio of 12.14%.

PCB Bancorp (NASDAQ: PCB) has announced an increased quarterly cash dividend of $0.20 per common share, up from $0.18. The dividend will be paid on February 21, 2025, to shareholders of record as of February 14, 2025.

PCB Bank, a California state chartered bank under PCB Bancorp, provides commercial banking services to small and medium-sized businesses, individuals, and professionals, with a focus on Korean-American and other minority communities in Southern California.

PCB Bancorp (NASDAQ: PCB) reported Q4 2024 net income of $6.7 million ($0.46 per diluted share), compared to $7.5 million ($0.52) in Q3 2024 and $5.9 million ($0.41) in Q4 2023. Full-year 2024 net income was $25.0 million ($1.74 per share), down from $30.7 million ($2.12) in 2023.

Key Q4 metrics include: net interest income of $23.2 million (up 2.0% QoQ), net interest margin of 3.18% (down from 3.25% QoQ), and provision for credit losses of $2.0 million. Total assets reached $3.06 billion (up 6.0% QoQ), with loans held-for-investment at $2.63 billion (up 6.6% QoQ) and total deposits at $2.62 billion (up 6.3% QoQ).

PCB Bancorp reported Q3 2024 net income of $7.5 million, or $0.52 per diluted share, up from $6.1 million ($0.43/share) in Q2 2024 and $7.0 million ($0.49/share) in Q3 2023. Net interest income was $22.7 million with a net interest margin of 3.25%. Total assets reached $2.89 billion, up 12.5% year-over-year. Loans held-for-investment increased to $2.47 billion, up 13.8% from Q3 2023, while total deposits grew to $2.46 billion, a 12.2% year-over-year increase. The bank maintained an Allowance for Credit Losses ratio of 1.17%.

PCB Bancorp (NASDAQ: PCB) has announced a quarterly cash dividend of $0.18 per common share. The dividend will be paid on November 15, 2024, to shareholders of record as of November 8, 2024. PCB Bancorp operates through PCB Bank, a California state chartered bank, providing commercial banking services to small and medium-sized businesses, individuals, and professionals, with a focus on Korean-American and other minority communities in Southern California.

PCB Bancorp (NASDAQ: PCB) has extended its stock repurchase program until August 1, 2025. The original plan, approved on August 2, 2023, authorized the repurchase of up to 720,000 shares (approximately 5% of outstanding shares). As of July 24, 2024, the company has repurchased and retired 142,223 shares, leaving 577,777 shares available for repurchase. The program allows for various repurchase methods, including open market transactions and privately negotiated deals. PCB Bancorp plans to implement a Rule 10b5-1 trading plan to facilitate repurchases during periods when insider trading restrictions might otherwise apply. The repurchase program's execution depends on factors such as stock price, trading volume, and market conditions.

PCB Bancorp (NASDAQ: PCB) reported a Q2 2024 net income of $6.3 million or $0.43 per diluted share, up from $4.7 million or $0.33 per share in Q1 2024, but down from $7.5 million or $0.52 per share in Q2 2023.

Key metrics:

• Provision for credit losses: $259K, down from $1.1M in Q1 2024
• Net interest income: $21.7M, steady QoQ
• Total assets: $2.85B, a slight decline QoQ but up 11.6% YoY
• Loans held-for-investment: $2.45B, up 2.1% QoQ
• Total deposits: $2.41B, a minor increase QoQ
• Allowance for Credit Losses (ACL): 1.17%, stable YoY

The company paid an initial preferred stock dividend at an annualized rate of 2% (totaling $142K).

PCB Bancorp (NASDAQ: PCB), the holding company of PCB Bank, has declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about August 16, 2024, to shareholders of record as of the close of business on August 9, 2024. PCB Bank is a California state chartered bank offering commercial banking services to small to medium-sized businesses, individuals, and professionals, primarily in Southern California. The bank predominantly serves Korean-American and other minority communities.