Welcome to our dedicated page for Pcb Bancorp news (Ticker: PCB), a resource for investors and traders seeking the latest updates and insights on Pcb Bancorp stock.
PCB Bancorp reports operating and capital-return developments as the bank holding company for PCB Bank. News commonly covers quarterly and annual earnings, net interest income and margin trends, deposit and loan growth, provision for credit losses, allowance for credit losses, SBA loan sale gains, and noninterest expense discipline. Updates also include board actions on common-stock dividends and the company's stock repurchase program. The business is centered on consumer and commercial banking, including deposits, lending, digital banking tools, home loans, and services for small and middle-market businesses and individuals.
PCB Bancorp (NASDAQ: PCB), the holding company of PCB Bank, has announced a quarterly cash dividend of $0.20 per common share. The dividend will be distributed on August 15, 2025, to shareholders of record as of August 8, 2025.
PCB Bank is a California state chartered bank that specializes in serving small to medium-sized businesses, individuals, and professionals, with a particular focus on Korean-American and other minority communities in Southern California.
PCB Bancorp (NASDAQ: PCB) reported strong Q2 2025 financial results, with net income available to common shareholders reaching $9.0 million, or $0.62 per diluted share, up from $7.7 million in Q1 2025 and $6.1 million in Q2 2024. The bank demonstrated robust growth with total assets increasing 15.9% year-over-year to $3.31 billion.
Key performance metrics showed significant improvement, with net interest margin expanding to 3.33% from 3.28% in the previous quarter. Total deposits grew 17.3% year-over-year to $2.82 billion, while loans held-for-investment increased 14.1% to $2.80 billion. The bank maintained strong credit quality with an allowance for credit losses ratio of 1.20%.
Notable developments include the opening of PCB's first full-service branch in Suwanee, Georgia, marking strategic geographic expansion despite ongoing economic challenges from inflation and trade restrictions.
PCB Bancorp (NASDAQ: PCB), the holding company of PCB Bank, has announced a quarterly cash dividend of $0.20 per common share. The dividend will be distributed on May 16, 2025, to shareholders of record as of the close of business on May 9, 2025.
PCB Bank is a California state chartered bank that provides comprehensive 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 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.