California BanCorp reported Q2 2026 net income of $14,300 thousand (basic EPS $0.44), very close to Q2 2025’s $14,099 thousand, on net interest income of $43,354 thousand. For the first half of 2026, net income was $28,091 thousand versus $30,952 thousand in the prior-year period.
Total assets were $4,025,259 thousand at June 30, 2026, including loans held for investment of $3,094,753 thousand and deposits of $3,359,105 thousand. Credit quality improved: nonaccrual loans declined to $8,922 thousand from $16,086 thousand at year-end 2025, and year-to-date net charge-offs were $157 thousand.
The allowance for loan losses remained stable at $34,860 thousand, while separate reserves for unfunded commitments were $1,769 thousand. Shareholders’ equity increased to $586,640 thousand, aided by earnings but offset by higher unrealized losses on securities. In the first half, the company paid $6,497 thousand in common dividends and repurchased 512,509 shares for $9,408 thousand.
California BanCorp director Lester Machado reported a series of July 31, 2026 transactions involving stock options and common shares. He exercised options for 7,500 shares of common stock at an exercise price of $12.96 per share, then sold 7,500 shares at a weighted average price of $21.193 per share, with individual trades ranging from $21.03 to $21.37. In a separate step, he transferred 9,142 shares from direct ownership into the Machado-Pedersen Family Trust, which now holds 53,712 shares of California BanCorp common stock indirectly for him.
California BanCorp executive Thomas G. Dolan, EVP and Bancorp CFO/CSO, reported a tax-withholding disposition of 1,877 shares of common stock on August 2, 2026 at $21.30 per share. The shares were delivered to satisfy tax liability from a vesting equity award. After this, he held 55,532 shares directly and reported indirect ownership of 261,173 shares through the Thomas G Dolan Living Trust dated 8/9/2016.
California BanCorp EVP and Chief Risk Officer Liska Martin reported a disposition of 704.0000 shares of common stock on August 2, 2026 at $21.3000 per share. The shares were disposed to satisfy tax liability upon vesting of a prior award. After this, Martin held 18967.0000 shares directly and 34585.0000 shares indirectly through the MACH4 Trust.
California BanCorp executive Peter Nutz, EVP and Chief Credit Officer, reported a tax-withholding disposition of 939 shares of common stock on 2026-08-02 at $21.30 per share. The shares were delivered to cover taxes on the vesting of a previously granted award, leaving him with 41,037.08 directly owned shares. The transaction was not reported as made under a Rule 10b5-1 trading plan.
California BanCorp executive Manisha Merchant, EVP and Chief Legal Officer, reported a disposition of 939 shares of Common Stock on August 2, 2026. The shares were withheld at $21.30 per share to satisfy her tax liability upon vesting of a previously granted award. Following this tax-withholding transaction, she directly holds 36,112.82 shares of California BanCorp common stock.
California BanCorp EVP and COO Michelle Wirfel reported a tax-withholding disposition of 1,407 shares of common stock on August 2, 2026 at $21.30 per share, covering tax liability from the vesting of a previously granted award. After this transaction, she directly holds 86,382.93 shares. The filing indicates this was not made pursuant to a Rule 10b5-1 trading plan.
California BanCorp executive Joann Yeung, EVP and Chief Accounting Officer, reported a tax-withholding disposition of 704 shares of common stock on August 2, 2026 at $21.30 per share. The shares were withheld to satisfy taxes on a vested award, leaving her with 33,424.05 shares held directly.
California BanCorp (BCAL) Chairman and CEO David I. Rainer reported a tax-related share disposition. On August 2, 2026, 3,518 shares of common stock were used at $21.30 per share to satisfy tax liability from a vesting equity award, leaving 141,410 shares held directly and 356,347 shares held indirectly through a family trust.
California BanCorp (BCAL) President Richard Hernandez reported a tax-withholding disposition on August 2, 2026. The company withheld 1,407 common shares at $21.30 per share to satisfy his tax liability from a vesting equity award. After this, he holds 71,528 shares directly and 20,834 shares indirectly via an IRA.