Every 8-K that California BanCorp (BCAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BCAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BCAL filings page.
California BanCorp reported Q2 2026 net income of $14.3 million, or $0.44 per diluted share, with net interest income of $43.4 million and a net interest margin of 4.71%, up from 4.47% in Q1 2026. Return on average assets was 1.43% and return on average common equity was 9.84%.
Total loans reached $3.11 billion, rising $113.7 million during the quarter, while nonperforming loans fell to $8.9 million and nonperforming assets declined to 0.44% of total assets. The board approved a quarterly dividend of $0.12 per share for payment on October 15, 2026, and the company repurchased 102,594 shares for $2.0 million. Tangible book value per share increased to $14.29, and tangible common equity to tangible assets improved to 11.77%, with regulatory capital ratios above well-capitalized levels.
California BanCorp reported results from its 2026 Annual Meeting and a new shareholder payout. Shareholders elected ten directors, ratified RSM US LLP as independent auditor, and approved the California BanCorp 2026 Omnibus Equity Incentive Plan. The company also declared a regular quarterly cash dividend of $0.10 per share, payable on July 15, 2026 to shareholders of record as of June 23, 2026. A quorum was reached with 26,794,968 of 32,152,298 common shares outstanding represented at the meeting.
California BanCorp reports that two previously nonaccrual loans have been fully repaid after the sale of their collateral property. The loans were secured by a 123-acre event venue property in the Los Angeles area, which was sold to a cash buyer.
The company had previously noted in an earnings release on April 28, 2026 that the borrower was working with a cash buyer. It has now been notified that the sale closed on May 4, 2026 and both loans are fully paid off.
California BanCorp reported net income of $13.8 million, or $0.42 per diluted share, for the first quarter of 2026, down from both the prior quarter and the same quarter last year. Net interest income was $42.1 million with a net interest margin of 4.47% as lower funding costs more than offset slightly lower asset yields.
Credit quality indicators weakened as nonperforming assets rose to $39.2 million, or 0.97% of total assets, and nonperforming loans reached 1.03% of loans. The allowance for loan losses stood at 1.14% of loans, while tangible book value per share increased to $13.97. The company repurchased 409,915 shares for $7.4 million and paid a $0.10 per share dividend.
California BanCorp announced that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on its common stock. The dividend will be paid on April 15, 2026 to shareholders of record as of the close of business on March 24, 2026.
California BanCorp, the holding company for California Bank of Commerce, N.A., is a San Diego-based bank holding company offering financial products and services through 14 branch offices and four loan production offices serving customers across California.
California BanCorp has entered into an amended and restated employment agreement with Chairman and CEO David I. Rainer, effective March 1, 2026, under which he will continue as Chairman and Chief Executive Officer of the company and its bank subsidiary until March 1, 2029.
Rainer will receive a base salary of $62,500 per month and a restricted share unit award valued at $1,200,000 in common stock, vesting 50% on the second anniversary of the grant date and 50% on the third. He also receives a $1,500 per month automobile allowance and participation in benefit plans. If terminated without cause or he resigns for good reason, he is generally entitled to 12 months of current base salary and health premiums; in a change in control context, this increases to 36 months of base salary, three times his average bonus for the prior three years, and six months of health premiums.
California BanCorp filed a current report describing its latest communications with investors about financial performance. The company issued an earnings press release covering its consolidated results for the fourth quarter and full year of 2025 and made this release available as an exhibit.
The company also prepared an investor slide presentation for upcoming meetings with investors and other interested parties. Both the earnings release and the presentation are furnished as exhibits and are not treated as formally filed financial statements, which means they are provided for information but are not automatically incorporated into other securities law filings.
California BanCorp reported that Steven E. Shelton retired as Chief Executive Officer and director of both the company and its bank subsidiary effective December 31, 2025, noting that his decision was not due to any disagreement over operations, policies, or practices. Under a Transition and Separation Agreement, he will serve as a strategic transition partner from January 1, 2026 through December 31, 2026 with a base salary of $16,666.66 per month, and will receive a $996,400 lump-sum separation payment on the bank’s first regular payroll date on or after July 1, 2026, along with COBRA severance benefits, potential 2025 discretionary bonus, accelerated vesting of stock awards granted before July 31, 2024, and full vesting plus additional benefits under his SERP.
The company also announced that David I. Rainer, previously Chairman of the Board and Executive Chairman, became Chief Executive Officer of California BanCorp and California Bank of Commerce, N.A. effective January 1, 2026. His compensation remains as previously described in the company’s 2025 proxy statement. The company states there are no special arrangements or family relationships related to his selection and no disclosed related-party transactions involving him. A press release about the leadership changes is included as an exhibit.
California BanCorp furnished an earnings press release reporting consolidated results for the third quarter of 2025 and an accompanying investor slide presentation. The materials were provided as Exhibits 99.1 and 99.2 and, consistent with General Instruction B.2, are furnished and not deemed filed under the Exchange Act.
The investor presentation is also posted in the Investor Relations section of the company’s website at https://ir.californiabankofcommerce.com. The common stock trades on Nasdaq under the symbol BCAL.
California BanCorp reported that Richard Martin resigned from its Board of Directors and from the board of its wholly owned banking subsidiary, California Bank of Commerce, N.A., effective August 20, 2025. The company stated that his decision to resign was not due to any disagreement regarding its operations, policies, or practices. Following his resignation, the size of the Board of Directors was reduced from twelve to eleven members, reflecting the vacancy rather than filling the seat immediately.