PCB Bancorp (NASDAQ: PCB) posts 2Q26 profit and revises deposits
Rhea-AI Filing Summary
PCB Bancorp filed an amendment to a prior current report to correct inadvertent errors in the Time Deposit Maturity Table contained in an investor presentation; all other previously released second‑quarter 2026 information, including the earnings and dividend press releases, remains unchanged.
For 2Q26, net income available to common shareholders was $10.4 million, or $0.73 per diluted share, with ROAA of 1.24%, ROAE of 10.55% and a net interest margin of 3.33%. Loans held for investment totaled $2.93 billion and deposits $2.92 billion, producing a total loans‑to‑deposits ratio of 100.42%.
Asset quality metrics were strong, with an allowance for credit losses on loans of $34.7 million, or 1.18% of held‑for‑investment loans, and non‑performing assets of $8.7 million, or 0.30% of held‑for‑investment loans. Core deposits were $1.86 billion, or 63.5% of total deposits, and PCB Bancorp paid a quarterly cash dividend of $0.22 per share while repurchasing 141,434 shares at a weighted‑average price of $25.47.
Positive
- Net income available to common shareholders increased 16.0% year over year to $10.4 million, and diluted EPS rose 17.7% to $0.73, both higher than 2Q25 levels.
Negative
- None.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Net income: 10,507
Net income available to common shareholders: 10,420
Diluted EPS: $0.73
+5 more
8 metrics
Net income
10,507
For the three months ended 6/30/26, in thousands
Net income available to common shareholders
10,420
For the three months ended 6/30/26, in thousands
Diluted EPS
$0.73
For the three months ended 6/30/26; up $0.11 from 2Q25
Held-for-investment loans
2,932,019
Loan balance at 6/30/26, in thousands
Total deposits
2,922,659
Deposit balance at 6/30/26, in thousands
Non-performing assets
8,700,000
NPAs of $8.7 million, 0.30% of held-for-investment loans at 6/30/26
Allowance for credit losses on loans
34,700,000
ACL on loans of $34.7 million, 1.18% of held-for-investment loans at 6/30/26
Quarterly cash dividend
$0.22 per share
Cash dividend declared for the quarter referenced in the 2Q26 materials
Key Terms
Allowance for credit losses, Non-performing assets, Core deposits, Tangible common equity, +2 more
6 terms
Allowance for credit losses financial
"ACL on loans: $34.7 million; ACL on loans to HFI loans: 1.18%"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
Non-performing assets financial
"Non-performing assets (NPAs): $8.7 million (0.30% of HFI loans)"
Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.
Core deposits financial
"Core deposits: $1.86 billion (63.5% of total deposits)"
Core deposits are the stable, everyday customer balances a bank keeps—like checking and savings accounts and regular business deposits—that are unlikely to be withdrawn suddenly. Think of them as a household’s paycheck direct-deposits: predictable, low-cost funding the bank can rely on. For investors, a larger share of core deposits means steadier cash available, lower borrowing needs and interest expenses, and therefore more predictable earnings and lower risk.
Tangible common equity financial
"TCE per share: $23.49; TCE to total assets reconciled as non-GAAP"
Tangible common equity is the portion of a company’s net worth that belongs to ordinary shareholders after removing intangible items (like goodwill or patents) and any preferred claims; it’s often expressed on a per-share basis. Think of it as the hard, sellable value left for common owners if you removed non-physical assets and paid off debts—investors use it to judge how much real cushion a company has and whether the stock might be under- or over-valued.
Pre-tax pre-provision income financial
"PTPP Income (Non-GAAP) reconciled from net income, provision and taxes"
Pre-tax pre-provision income is a banking measure of how much a lender earns from its normal operations before subtracting taxes and the money set aside to cover bad loans. Think of it as a car’s engine power measured before adding safety equipment and fuel costs: it shows the underlying earning strength and how much cushion the bank has to absorb future losses or support dividends. Investors use it to compare core profitability across banks and to judge resilience during credit stress.
Efficiency ratio financial
"Efficiency ratio: 49.23%, calculated from noninterest expense and income"
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PCB (PCB) report for second-quarter 2026 earnings?
PCB Bancorp reported 2Q26 net income of $10.5 million, with net income available to common shareholders of $10.4 million and diluted EPS of $0.73. Pretax income was $14.7 million on net interest income of $27.5 million.
How did PCB (PCB) perform in terms of asset quality in 2Q26?
Asset quality was solid, with an allowance for credit losses on loans of $34.7 million, equal to 1.18% of held‑for‑investment loans. Non‑performing assets were $8.7 million, or 0.30% of held‑for‑investment loans, and past‑due but accruing loans were $394,000.
What were PCB (PCB) loan and deposit balances as of June 30, 2026?
As of June 30, 2026, PCB Bancorp reported held‑for‑investment loans of $2.93 billion and total deposits of $2.92 billion. Total assets were $3.47 billion, and the total loans‑to‑deposits ratio stood at 100.42%.
How much of PCB (PCB) deposits are core and noninterest-bearing?
PCB Bancorp’s core deposits were $1.86 billion, representing 63.5% of total deposits. Noninterest‑bearing deposits were $569.4 million, or 19.5% of total deposits, with the cost of total deposits at 3.05% in 2Q26.
What does PCB Bancorp’s 8-K amendment change regarding deposits?
The amendment corrects inadvertent errors in the Time Deposit Maturity Table within an investor presentation. All other previously furnished information, including the second‑quarter 2026 earnings release and the dividend announcement, remains unchanged.
What were PCB (PCB) key profitability ratios in 2Q26?
In 2Q26, PCB Bancorp reported ROAA of 1.24%, ROAE of 10.55%, and ROATCE of 12.65%. The net interest margin was 3.33% and the efficiency ratio was 49.23%, based on noninterest expense over the sum of net interest and noninterest income.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): July 22, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: (213 ) 210-2000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Explanatory Note
On July 23, 2026, PCB Bancorp (the “Company”) filed with the U.S. Securities and Exchange Commission a Current Report on Form 8-K (“Initial Form 8-K”), which included an investor presentation that was furnished as Exhibit 99.2 to the Initial Form 8-K (the “Investor Presentation”).
The Company is filing this Amendment No. 1 to Form 8-K solely to correct certain inadvertent errors in the Time Deposit Maturity Table in the Investor Presentation.
All other information contained in, filed with or furnished with the Initial Form 8-K remains unchanged, including, among other items, the Corporation’s earnings release dated July 23, 2026 that was furnished as Exhibit 99.1 and its press release dated July 23, 2026 announcing the declaration of a dividend, which was filed as Exhibit 99.3.
Item 7.01 Regulation FD Disclosure.
Attached as Exhibit 99.2, and incorporated herein by reference, is a copy of an investor presentation that may be utilized by management at future discussions with investors. The information in this report set forth under this Item 7.01 and in Exhibit 99.2 shall not be treated as “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except expressly stated by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release of PCB Bancorp, issued July 23, 2026, concerning the results of operations and financial condition for the second quarter of 2026 (incorporated by reference to Exhibit 99.1 to the Company’s Form 8-K filed on July 23, 2026)
99.2 Investor presentation of PCB Bancorp concerning the unaudited results for the second quarter of 2026
99.3 Press release of PCB Bancorp, issued July 23, 2026, announcing the declaration of a quarterly cash dividend (incorporated by reference to Exhibit 99.3 to the Company’s Form 8-K filed on July 23, 2025)
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PCB Bancorp | |||||||||||
| Date: | July 24, 2026 | /s/ Timothy Chang | |||||||||
| Timothy Chang | |||||||||||
| Senior Executive Vice President and Chief Financial Officer | |||||||||||
3
2Q26 Earnings Results July 23, 2026
Forward-Looking Statements & Non-GAAP 2 Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the conflict in the Middle East on the national and global economies and markets; the impact of governmental monetary policy; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company’s ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures, that impact general sentiment regarding the stability and liquidity of banks that could affect our financial performance and our stock price; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; changes to the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber security risks; the Company's ability to successfully deploy new technology; the success of acquisitions and branch expansion; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company’s enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in various securities law filings made periodically by the Company, copies of which are available without charge on the SEC’s website at www.sec.gov and the on the investor relations section of the Company’s website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this presentation, and we do not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts or is subject to adjustments that have the effect of excluding amounts that are included in the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles, or GAAP. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are provided in the Non-GAAP Measures section of this presentation. References to the “Company,” “we,” or “us” refer to PCB Bancorp and references to the “Bank” refer to the Company’s subsidiary, PCB Bank.
Corporate Profile $29.94 Stock Price $421MM Market Cap $19.70-$30.84 52-Week Range 2.94% Dividend Yield PCB FootprintMarket Information (July 21, 2026) ❖ Founded in 2003 & Headquartered in Los Angeles ❖ 15 full-service branches & loan originators in 6 states 3 Shares Outstanding: 14,051,361
$0.44 $0.60 $0.69 $0.72 $0.80 $0.44 $2.62 $2.31 $2.12 $1.74 $2.58 $1.47 $17.24 $22.94 $24.46 $25.30 $27.41 $28.40 $18.21 $19.62 $20.49 $22.55 $23.49 $(5.00) $- $5.00 $10.00 $15.00 $20.00 $25.00 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 2021 2022 2023 2024 2025 06/26 YTD Cash Dividend/Diluted EPS & BV/TCE Per Share Cash Dividend Per Share Diluted EPS BV Per Share TCE Per Share $40.1 $35.0 $30.7 $25.8 $37.5 $21.2 $52.4 $53.0 $43.1 $39.7 $56.5 $31.0 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 2021 2022 2023 2024 2025 06/26 YTD Net Income/PTPP Income ($mm) Net Income PTPP Income Historical Performance $1.73 $2.05 $2.32 $2.63 $2.82 $2.93 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 2021 2022 2023 2024 2025 Jun-26 Held - For - Investment Loans ($bn) $1.87 $2.05 $2.35 $2.62 $2.80 $2.92 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 2021 2022 2023 2024 2025 Jun-26 Deposits ($ bn) CAGR +13.0% CAGR +10.6% (1), (2)(1) (2) Annualized +7.9% Annualized +9.1% (1) At period end. (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures. 4
2Q26 Highlights 5 Operating Results • Net income available to common shareholders: $10.4 million ($0.73 per diluted share) • Return on Average Assets (“ROAA”): 1.24% • Return on Average Equity (“ROAE”): 10.55% • Return on Average TCE (“ROATCE”)(2): 12.65% • Net interest margin: 3.33% • Efficiency ratio(1): 49.23% Loans • Loans held-for-investment (“HFI loans”): $2.93 billion • Average loan yield: 6.38% • Total loans to deposits ratio: 100.42% • Quarterly loan production: $167.4 million Asset Quality • ACL on loans: $34.7 million • ACL on loans to HFI loans: 1.18% • Total past due & still accruing loans: $394 thousand (0.01% of HFI loans) • Non-performing assets (“NPAs”): $8.7 million (0.30% of HFI loans) Deposits • Total deposits: $2.92 billion • Core deposits(2): $1.86 billion (63.5% of total deposits) • Noninterest-bearing deposits: $569.4 million (19.5% of total deposits) • Cost of average interest-bearing deposits: 3.76% • Cost of total deposits: 3.05% Capital & Liquidity • Quarterly cash dividend: $0.22 per share • Book value per share: $28.40 • TCE per share(2): $23.49 • Repurchased shares: 141,434 shares @ WA repurchase price of $25.47 • Maintained available borrowing capacity: $1.83 billion (52.6% of total assets) (1) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation to most comparable GAAP measure.
Selected Financials 6 As of or For the Three Months Ended Compared to 3/31/26 Compared to 6/30/25 ($ in Thousands, Except Per Share Data) 6/30/26 3/31/26 6/30/25 Amount Percentage Amount Percentage Income Statement Summary: Interest Income $ 50,040 $ 48,831 $ 49,308 $ 1,209 2.5% $ 732 1.5% Interest Expense 22,546 22,021 23,318 525 2.4% (772) -3.3% Net Interest Income 27,494 26,810 25,990 684 2.6% 1,504 5.8% Noninterest Income 3,203 3,374 3,297 (171) -5.1% (94) -2.9% Noninterest Expense 15,113 14,814 14,829 299 2.0% 284 1.9% Provision for Credit Losses 926 467 1,787 459 98.3% (861) -48.2% Pretax Income 14,658 14,903 12,671 (245) -1.6% 1,987 15.7% Income Tax Expense 4,151 4,250 3,600 (99) -2.3% 551 15.3% Net Income 10,507 10,653 9,071 (146) -1.4% 1,436 15.8% Preferred Stock Dividends 87 86 87 1 1.2% 0 0.0% Net Income Available to Common Shareholders 10,420 10,567 8,984 (147) -1.4% 1,436 16.0% Diluted EPS $ 0.73 $ 0.74 $ 0.62 $ (0.01) -1.4% $ 0.11 17.7% Selected Balance Sheet Items: HFI loans $ 2,932,019 $ 2,873,551 $ 2,795,309 $ 58,468 2.0% $ 136,710 4.9% HFS loans 2,937 3,604 8,133 (667) -18.5% (5,196) -63.9% Total Deposits 2,922,659 2,887,980 2,822,915 34,679 1.2% 99,744 3.5% Total Assets 3,470,124 3,396,193 3,305,589 73,931 2.2% 164,535 5.0% Shareholders’ Equity 400,463 396,718 376,500 3,745 0.9% 23,963 6.4% TCE (1), (2) 331,322 327,577 307,359 3,745 1.1% 23,963 7.8% Key Metrics: BV Per Share $ 28.40 $ 27.88 $ 26.26 $ 0.52 1.9% $ 2.14 8.1% TCE Per Share (1) $ 23.49 $ 23.02 $ 21.44 $ 0.47 2.0% $ 2.05 9.6% ROAA (2) 1.24% 1.30% 1.13% -0.06% 0.11% Return on Average Equity (“ROAE”) (2) 10.55% 10.95% 9.76% -0.40% 0.79% ROATCE (1), (2) 12.65% 13.17% 11.87% -0.52% 0.78% Net Interest Margin (2) 3.33% 3.36% 3.33% -0.03% 0.00% Efficiency Ratio (3) 49.23% 49.08% 50.63% 0.15% -1.40% (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures. (2) Annualized. (3) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income.
Loan Overview 7 $1,661 $1,752 $1,815 $1,886 $1,878 $1,904 $1,953 $2,038 $407 $473 $495 $493 $465 $509 $521 $495$398 $404 $418 $416 $410 $408 $399 $399 $2,466 $2,629 $2,728 $2,795 $2,753 $2,820 $2,874 $2,932 - 500 1,000 1,500 2,000 2,500 3,000 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 HFI Loan Trend ($mm) Commercial Real Estate Commercial & Industrial Consumer Commercial Property 38% Business Property 24% Multifamily 7% Construction 0% Commercial & Industrial 17% Consumer 14% HFI Loan Composition June 30, 2026 $2.93B $1,100 $1,175 $1,220 $1,274 $1,264 $1,285 $1,318 $1,356 282% 297% 304% 313% 306% 308% 310% 315% 0% 50% 100% 150% 200% 250% 300% 300 500 700 900 1,100 1,300 1,500 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Commercial Real Estate (1) Loan Trend ($mm) CRE Loans % to the Bank's Total Risk-Based Capital (1) Per federal regulatory definition in the Commercial Real Estate (“CRE”) Concentration Guidance. YoY +4.9%
Loan Production & Rate/Yield Analysis 8 $9 $28 $44 $5 $23 $39 $30$30 $80 $62 $55 $41 $48 $45 $71 $163 $122 $72 $50 $91 $91 $58 $66 $195 $211 $161 $149 $137 $161 $142 $167 7.56% 7.23% 7.04% 6.97% 7.36% 6.50% 6.35% 6.32% -8% -6% -4% -2% 0% 2% 4% 6% 8% 0 50 100 150 200 250 300 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 New Production (1) by Rate Type ($mm) Fixed Hybrid Variable WA Rate Fixed (WA Rate: 5.76%) 18% Variable (WA Rate: 6.82 %) 42% Hybrid (WA Rate: 5.67%) 40% HFI Loans Interest Rate Mix 18% 18% 18% 18% 18% 18% 18% 18% 38% 37% 38% 38% 40% 40% 39% 39% 44% 45% 44% 44% 42% 43% 43% 43% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 HFI Loans Interest Rate Mix Trend Fixed Hybrid Variable Repricing Schedule (06/30/26) HFI Loans HFS Loans Total Loans ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate 3 Months or Less $ 1,224,947 6.58% $ 2,937 8.17% $ 1,227,884 6.59% 3 to 12 Months 432,241 4.92% 0 432,241 4.92% 1 to 3 Years 376,352 6.25% 0 376,352 6.25% 3 to 5 Years 847,100 6.24% 0 847,100 6.24% More than 5 Years 51,379 5.03% 0 51,379 5.03% Total $ 2,932,019 6.17% $ 2,937 8.17% $ 2,934,956 6.17% Loan Yield Analysis 2Q26 06/26 YTD ($ in thousands) Amount(2) Yield(3) Amount(2) Yield(3) Average Carrying Value $ 2,885,996 $ 2,863,467 Interest on Loans $ 44,945 6.25% $ 88,559 6.24% Fee (Cost) 266 0.04% 558 0.04% Prepayment Penalty & Late Charges 91 0.01% 152 0.01% Discount (Premium) 584 0.08% 1,101 0.08% Total Interest & Fees $ 45,886 6.38% $ 90,370 6.36% (1) Total commitment basis. (2) Include both HFI and HFS loans. (3) Annualized.
Loan Concentration 9 Amount % to Total Count WA LTV(1) WA Rate Maturing ($ in thousands) 1 Year or Less 1 to 3 Years 3 to 5 Years Over 5 Years Retail (More Than 50%) $ 452,265 22.2% 347 47.9% 5.95% $ 38,803 $ 94,847 $ 172,650 $ 145,965 Industrial 294,972 14.5% 167 47.5% 5.87% 37,391 59,694 120,600 77,287 Mixed Use 203,103 10.0% 154 45.9% 6.00% 27,302 51,778 56,806 67,217 Apartments 188,895 9.3% 73 54.5% 5.46% 11,334 74,996 60,107 42,458 Motel & Hotel 159,419 7.8% 97 45.8% 6.84% 9,899 40,878 43,860 64,782 Office 159,384 7.8% 68 53.3% 6.24% 25,947 23,433 62,222 47,782 Gas Station 124,164 6.1% 127 47.3% 6.82% 12,762 30,569 17,768 63,065 Medical 63,000 3.1% 30 44.2% 6.68% 15,750 31,884 5,198 10,168 Commercial Condominium 51,262 2.5% 45 49.3% 6.08% 10,213 6,749 19,078 15,222 Golf Course 46,838 2.3% 8 36.9% 6.04% 5,156 7,322 33,917 443 Nursing Facility 44,190 2.2% 10 49.8% 6.52% 0 17,925 25,934 331 Auto (Sales, Repair & etc.) 37,806 1.9% 30 49.9% 6.38% 0 20,632 10,988 6,186 Car Wash 34,698 1.7% 26 47.3% 6.36% 5,258 5,443 12,500 11,497 Spa, Sauna & Other Self-Care 33,432 1.6% 8 48.2% 6.19% 0 7,857 17,409 8,166 Wholesale 27,160 1.3% 16 40.1% 5.72% 2,138 3,593 13,261 8,168 Church 18,805 0.9% 19 36.2% 6.54% 764 530 7,497 10,014 Others 98,323 4.8% 74 51.7% 6.43% 15,302 10,564 39,630 32,827 Total $ 2,037,716 100.0% 1,299 48.2% 6.13% $ 218,019 $ 488,694 $ 719,425 $ 611,578 Commercial Real Estate Loans by Property Type (6/30/26) (1) Collateral value at origination. ($ in thousands) Amount WA LTV(1) WA FICO Residential Mortgage $ 393,414 57.3% 762 Residential Mortgage Loans (6/30/26) Los Angeles County 60% Orange County 9% San Bernardino County 4% Riverside County 3% Other CA Counties 1% Northern CA Counties 1% NY/NJ 7% Texas 7% Washington 3% Other States 5% Commercial Real Estate Loans Geographic Concentration (6/30/26)
Loan Concentration 10 Carrying Value % to Total WA Rate WA Month to Maturity($ in thousands) Finance & Insurance $ 133,112 26.9% 6.15% 5 General Manufacturing & Wholesale Trade 116,776 23.6% 6.55% 40 Retail Trade 56,015 11.3% 6.91% 31 Food Services 54,377 11.0% 7.35% 34 Real Estate Related 51,763 10.5% 6.75% 16 Arts, Entertainment, & Recreation 22,849 4.6% 7.28% 10 Professional, Scientific, & Technical Services 18,836 3.8% 7.03% 15 Transportation & Warehousing 11,535 2.3% 7.26% 27 Other Services 6,996 1.4% 7.11% 23 Health Care & Social Assistance 6,846 1.4% 6.74% 51 All Other 15,839 3.2% 6.97% 266 Total $ 494,944 100.0% 6.69% 31 Los Angeles County 43% Orange County 17% Other CA Counties 8% Northern CA Counties 4% San Bernardino County 2% Riverside County 1% Georgia 7% NY/NJ 6% Texas 4% Other States 8% Commercial & Industrial Loans Geographic Concentration (6/30/26) Commercial & Industrial Loans by Industry Type (6/30/26)
Credit Quality & Peer(1) Comparison 11 $7.1 $4.7 $6.2 $8.9 $8.2 $7.9 $9.3 $8.7 0 1 2 3 4 5 6 7 8 9 10 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 NPAs ($mm) 0.24% 0.15% 0.20% 0.27% 0.24% 0.24% 0.27% 0.25% 0% 0% 0% 0% 0% 0% 0% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 NPAs to Total Assets 1.17% 1.16% 1.17% 1.20% 1.20% 1.18% 1.18% 1.18% 1% 1% 1% 1% 1% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 ACL on Loans to HFI Loans 437% 653% 511% 376% 404% 422% 415% 398% 0 1 2 3 4 5 6 7 8 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 ACL on Loans to Non - Performing HFI Loans 2.19% 2.06% 1.87% 0.95% 0.79% 0.79% 0.55% 0.30% 0.19% 0% 1% 1% 2% 2% 3% Open CBB USM Hope Peer Woori Shinhan PCB Hanmi NPAs / (Total Loans + OREO) (2) June 30, 2026 Peer Information: March 31, 2026 1.45% 1.35% 0.86% 0.30% 0.29% 0% 0% 0% 1% 1% 1% 1% 1% 2% CBB Hope Open PCB Hanmi Classified Assets to Total Assets (4) June 30, 2026 Peer Information: March 31, 2026 (1) Korean-American banks operating in Southern California. (2) Source: UBPR. (3) PCB Bank’s Peer Group per UBPR. (4) Source: press releases concerning financial performance. (3)
Deposits 12 $540 $548 $564 $576 $551 $566 $570 $569 $492 $467 $513 $551 $669 $676 $681 $707 $1,073 $1,099 $1,185 $1,205 $1,252 $1,223 $1,260 $1,281 $355 $502 $452 $491 $441 $341 $376 $366 $2,460 $2,616 $2,714 $2,823 $2,914 $2,795 $2,888 $2,923 - 500 1,000 1,500 2,000 2,500 3,000 3,500 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Deposit Trend ($mm) Noninterest DDA Retail Other Interest-Bearing Retail Time Deposits Wholesale Deposits Noninterest DDA 19% Retail Other Interest - Bearing 24% Retail Time Deposits 44% Wholesale Deposits 13% Deposit Composition $2.92B $1,525 $1,508 $1,610 $1,683 $1,801 $1,806 $1,827 $1,855 62% 58% 59% 60% 62% 65% 63% 63% 0% 10% 20% 30% 40% 50% 60% 70% 80% $500 $700 $900 $1,100 $1,300 $1,500 $1,700 $1,900 $2,100 $2,300 $2,500 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Core Deposits (1) ($mm) Core Deposits % to Total Deposits (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure. YoY +3.5% Time Deposit Maturity Schedule (6/30/26) Retail Wholesale Total ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate 3 Months or Less $ 362,289 4.06% $ 120,000 3.56% $ 482,289 3.94% 3 to 6 Months 361,902 3.87% 150,000 3.89% 511,902 3.88% 6 to 9 Months 355,769 3.86% 25,829 3.70% 381,598 3.85% 9 to 12 Months 198,912 3.86% 70,000 4.01% 268,912 3.90% More than 12 Months 1,650 3.02% 0 1,650 3.02% Total $ 1,280,522 3.92% $ 365,829 3.79% $ 1,646,351 3.89%
Profitability 13 $7.8 $7.0 $7.7 $9.1 $11.4 $9.2 $10.7 $10.5 $10.7 $12.3 $12.4 $14.5 $15.5 $14.1 $15.4 $15.6 0 2 4 6 8 10 12 14 16 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Net Income PTPP $0.52 $0.46 $0.53 $0.62 $0.78 $0.64 $0.74 $0.73 $0.72 $0.83 $0.85 $1.00 $1.07 $0.98 $1.07 $1.09 $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Diluted EPS Adjusted Diluted EPS 1.08% 0.94% 1.01% 1.13% 1.35% 1.11% 1.30% 1.24% 1.49% 1.64% 1.62% 1.80% 1.84% 1.70% 1.87% 1.84% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 ROAA Adjusted ROAA 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% 10.95% 10.55% 11.95% 13.46% 13.66% 15.56% 16.21% 14.48% 15.80% 15.65% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 ROAE Adjusted ROAE Net Income & PTPP (1) Income ($mm) Diluted EPS & Adjusted Diluted EPS (1) ROAA & Adjusted ROAA (1) ROAE & Adjusted ROAE (1) (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to its most comparable GAAP measures.
Noninterest Income & Expense 14 $13.5 $24.5 $16.6 $26.9 $29.0 $13.2 $21.8 $17.1$19.8 $39.3 $26.4 $31.0 $38.8 $18.1 $13.4 $21.3 8.8% 7.8% 7.3% 6.5% 6.4% 5.8% 7.2% 8.4% 5.6% 4.7% 5.3% 5.4% 5.6% 4.9% 6.5% 7.1% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 0 10 20 30 40 50 60 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 SBA 7(A) Loans ($mm) Sold Production Premium % Gain % $8.8 $8.4 $9.1 $8.8 $9.3 $9.3 $9.7 $9.6 $5.8 $5.5 $5.4 $6.0 $5.6 $5.7 $5.1 $5.6 2.04% 1.86% 1.87% 1.84% 1.77% 1.82% 1.78% 1.78% 0% 1% 1% 2% 2% 3% 0 5 10 15 20 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest Expense Trend ($mm) Compensation All Other Expenses % to Average Total Assets 57.6% 53.0% 53.9% 50.6% 48.9% 51.5% 49.1% 49.2% 64.7% 64.4% 59.7% 58.5% 57.6% 57.8% 57.2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Efficiency Ratio (2) PCB Peer Average 264 262 257 266 270 264 264 274 200 210 220 230 240 250 260 270 280 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Number of FTE (3) Employees $1.8 $1.8 $1.7 $1.8 $1.8 $1.9 $2.0 $2.0 $0.8 $1.2 $0.9 $1.5 $1.6 $0.6 $1.4 $1.2 29% 38% 34% 44% 47% 25% 42% 37% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 0 1 1 2 2 3 3 4 4 5 5 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest Income Trend ($mm) All Other Income Gain on Sale of Loans % of Gain on Sale of Loans (1) Annualized. (2) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. Peer average data from UBPR. (3) Full-time equivalent. (1)
Net Interest Margin 15 3.36% 3.33% + 0.04% - 0.07% +0.03% - 0.03% 3.20% 3.25% 3.30% 3.35% 3.40% 3.45% 1Q26 Loan Yield Other Earning Assets Yield Int-Bearing Liabilities Cost Balance Sheet Mix 2Q26 Quarter - over - Quarter Impact to Net Interest Margin (1) 6.82% 6.63% 6.59% 6.56% 6.58% 6.44% 6.35% 6.38% 3.25% 3.18% 3.28% 3.33% 3.28% 3.28% 3.36% 3.33% 4.85% 4.59% 4.28% 4.14% 4.10% 3.98% 3.82% 3.76%3.79% 3.61% 3.45% 3.35% 3.34% 3.23% 3.11% 3.07% 5.26% 4.65% 4.33% 4.33% 4.29% 3.90% 3.64% 3.63% 3% 3% 4% 4% 5% 5% 6% 6% 7% 7% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Yield & Cost (1) Loan Yield Net Interest Margin Cost of Interest-Bearing Liabilities Cost of Funds Average Fed Funds Rate (1) Annualized.
Capital 16 11.89% 11.41% 13.75% 14.98% 11.54% 13.35% 13.35% 14.58% 5.00% 6.50% 8.00% 10.00% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Tier 1 Leverage CET 1 Capital Tier 1 Capital Total Capital Regulatory Capital Ratios Consolidated Bank Minimum Requirement For Well-Capitalized $25.39 $25.30 $25.78 $26.26 $26.93 $27.41 $27.88 $28.40 $20.55 $20.49 $20.97 $21.44 $22.09 $22.55 $23.02 $23.49 $18 $20 $22 $24 $26 $28 $30 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Book Value/TCE Per Share (1) BV Per Share TCE Per Share 12.54% 11.87% 11.65% 11.39% 11.43% 11.89% 11.68% 11.54% 10.14% 9.62% 9.48% 9.30% 9.38% 9.78% 9.65% 9.55% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Total Equity/TCE to Total Assets (1) Total Equity to Total Assets TCE to Total Assets (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.
Non-GAAP Financial Measures 17 To supplement the financial information presented in accordance with GAAP, we use certain non-GAAP financial measures. Management believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. Risks associated with non-GAAP measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. In the information below, we provide reconciliations of the non-GAAP financial measures used in this presentation to the most direct comparable GAAP measures. Core Deposits Core Deposits is a non-GAAP measure that we use to measure the portion of our total deposits that is thought to be more stable, lower cost and reprice less frequently on average in a rising rate environment. We calculate core deposits as total deposits less time deposits greater than $250,000 and brokered deposits. We track core deposits because we believe it is a useful measure to help assess the Company’s deposit base and, among other things, potential volatility therein. TCE, ROATCE, TCE Per Share and TCE to Total Assets TCE, ROATCE, TCE per share and TCE to total assets are non-GAAP measures that we use to measure the Company’s performance. We calculated TCE as total shareholders’ equity excluding preferred stock. Management believes the non-GAAP measures provide useful supplemental information and a clearer understanding of the Company’s performance. PTPP Income, and Adjusted ROAA, ROAE and Diluted EPS for PTPP PTPP income, and adjusted ROAA, ROAE and Diluted EPS are non-GAAP measures that we use to measure the Company’s performance and believe these presentations provide useful supplemental information and a clearer understanding of the Company’s performance. We calculated PTPP income as net income excluding income tax provision and provision for loan losses.
Non-GAAP Financial Measures 18 The following table reconciles core deposits to its most comparable GAAP measure: The following table reconciles ROATCE to its most comparable GAAP measure: The following table reconciles TCE per share and TCE to total assets to their most comparable GAAP measures: ($ in thousands) Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Total Deposits (a) $ 2,459,682 $ 2,615,791 $ 2,714,399 $ 2,822,915 $ 2,913,502 $ 2,795,412 $ 2,887,980 $ 2,922,659 Less: Time Deposits Greater Than $250K 640,166 665,124 712,458 709,160 731,517 708,633 805,074 821,708 Less: Brokered Deposits 295,080 442,284 392,284 431,001 381,001 280,541 256,370 245,830 Core Deposits (b) $ 1,524,436 $ 1,508,383 $ 1,609,657 $ 1,682,754 $ 1,800,984 $ 1,806,238 $ 1,826,536 $ 1,855,121 Core Deposits to Total Deposits (b)/(a) 62.0% 57.7% 59.3% 59.6% 61.8% 64.6% 63.2% 63.5% ($ in thousands) 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Average Total Shareholders' Equity (a) $ 357,376 $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 $ 394,574 $ 399,468 Less: Average Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 Average TCE (Non-GAAP) (b) $ 288,235 $ 294,687 $ 298,569 $ 303,488 $ 310,693 $ 318,399 $ 325,433 $ 330,327 Net Income (c) $ 7,814 $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,234 $ 10,653 $ 10,507 ROAE (1) (c)/(a) 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% 10.95% 10.55% Net Income Available to Common Shareholders (d) $ 7,468 $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 $ 10,567 $ 10,420 ROATCE (Non-GAAP)(1) (d)/(b) 10.31% 9.02% 10.45% 11.87% 14.46% 11.40% 13.17% 12.65% ($ in thousands, except per share data) Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Total Shareholders' Equity (a) $ 362,300 $ 363,814 $ 370,864 $ 376,500 $ 384,501 $ 392,026 $ 396,718 $ 400,463 Less: Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 TCE (Non-GAAP) (b) $ 293,159 $ 294,673 $ 301,723 $ 307,359 $ 315,360 $ 320,885 $ 327,577 $ 331,322 Outstanding Shares (c) 14,266,725 14,380,651 14,387,176 14,336,602 14,277,164 14,230,428 14,231,423 14,102,189 Book Value Per Share (a)/(c) $ 25.39 $ 25.30 $ 25.78 $ 26.26 $ 26.93 $ 27.41 $ 27.88 $ 28.40 TCE Per Share (Non-GAAP) (b)/(c) $ 20.55 $ 20.49 $ 20.97 $ 21.44 $ 22.09 $ 22.55 $ 23.02 $ 23.49 Total Assets (d) $ 2,889,833 $ 3,063,971 $ 3,183,758 $ 3,305,589 $ 3,363,506 $ 3,281,771 $ 3,396,193 $ 3,470,124 Total Shareholders’ Equity to Total Assets (a)/(d) 12.54% 11.87% 11.65% 11.39% 11.43% 11.88% 11.68% 11.54% TCE to Total Assets (Non-GAAP) (b)/(d) 10.14% 9.62% 9.48% 9.30% 9.38% 9.78% 9.65% 9.55% (1) Annualized.
Non-GAAP Financial Measures 19 The following table reconciles PTPP income, and adjusted ROAA, ROAE and diluted EPS for PTPP to their most comparable GAAP measures:($ in thousands) 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Net Income (a) $ 7,814 $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,235 $ 10,653 $ 10,507 Add: Provision (Reversal) for Credit Losses 50 2,002 1,598 1,787 (381) 1,024 467 926 Add: Income Tax Provision 2,873 3,281 3,056 3,600 4,492 3,887 4,250 4,151 PTPP Income (Non-GAAP) (b) $ 10,737 $ 12,313 $ 12,389 $ 14,458 $ 15,523 $ 14,146 $ 15,370 $ 15,584 Average Total Assets (c) $ 2,866,707 $ 2,980,641 $ 3,097,516 $ 3,226,395 $ 3,354,588 $ 3,307,828 $ 3,326,328 $ 3,403,552 ROAA (2) (a)/(c) 1.08% 0.94% 1.01% 1.13% 1.35% 1.11% 1.30% 1.24% Adjusted ROAA (Non-GAAP)(2) (b)/(c) 1.49% 1.64% 1.62% 1.80% 1.84% 1.70% 1.87% 1.84% Average Total Shareholders' Equity (d) $ 357,376 $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 $ 394,574 $ 399,468 ROAE (2) (a)/(d) 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% 10.95% 10.55% Adjusted ROAE (Non-GAAP)(2) (b)/(d) 11.95% 13.46% 13.66% 15.56% 16.21% 14.48% 15.80% 15.65% Net Income available to common shareholders $ 7,468 $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 $ 10,567 $ 10,420 Less: Income Allocated to Participating Securities (11) (16) (61) (72) (91) (73) (64) (63) Net Income Allocated to Common Stock (e) 7,457 6,668 7,634 8,912 11,235 9,075 10,503 10,357 Add: Provision for Loan Losses 50 2,002 1,598 1,787 (381) 1,024 467 926 Add: Income Tax Provision 2,873 3,281 3,056 3,600 4,492 3,887 4,250 4,151 PTPP Income Allocated to Common Stock (f) $ 10,380 $ 11,951 $ 12,288 $ 14,299 $ 15,346 $ 13,986 $ 15,220 $ 15,434 WA common shares outstanding, diluted (g) 14,356,384 14,406,756 14,403,769 14,326,011 14,325,956 14,235,867 14,238,226 14,220,414 Diluted EPS (e)/(g) $ 0.52 $ 0.46 $ 0.53 $ 0.62 $ 0.78 $ 0.64 $ 0.74 $ 0.73 Adjusted Diluted EPS (Non-GAAP) (f)/(g) $ 0.72 $ 0.83 $ 0.85 $ 1.00 $ 1.07 $ 0.98 $ 1.07 $ 1.09 ($ in thousands) 2021 2022 2023 2024 2025 Net Income $ 40,103 $ 34,987 $ 30,705 $ 25,810 $ 37,453 Add: Provision (Reversal) for Credit Losses(1) (4,596) 3,602 (132) 3,401 4,028 Add: Income Tax Provision 16,856 14,416 12,557 10,476 15,035 PTPP Income (Non-GAAP) $ 52,363 $ 53,005 $ 43,130 $ 39,687 $ 56,516 (1) Provision (reversal) for credit losses does not include provision (reversal) for off-balance sheet credit exposures for years ended December 31, 2021 and 2022. (2) Annualized.