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Stronger Q2 profit and dividend from PCB Bancorp (NASDAQ: PCB)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

PCB Bancorp reported solid Q2 2026 results, with net income available to common shareholders of $10.4 million, or $0.73 per diluted share, compared with $8.98 million, or $0.62, in the year-ago quarter. Net income was $10.51 million, and net interest income rose to $27.5 million.

Profitability metrics were strong: ROAA 1.24%, ROAE 10.55%, and ROATCE 12.65%, while net interest margin held at 3.33%. Total assets reached $3.47 billion, loans held-for-investment $2.93 billion, and deposits $2.92 billion. Credit quality remained conservative with NPAs of $8.7 million, 0.25% of total assets, and an ACL of 1.18% of loans. Capital was robust, including a Tier 1 leverage ratio of 11.89% and TCE to total assets of 9.55%.

The board declared a $0.22 quarterly cash dividend per common share, payable on or about August 14, 2026, to shareholders of record on August 7, 2026. PCB Bancorp also repurchased 141,434 shares in the quarter at a weighted-average price of $25.47 and had authorization to buy 69,087 additional shares through July 31, 2026.

Positive

  • Q2 2026 net income rose 15.8% year over year to $10.51 million, while diluted EPS increased 17.7% to $0.73 and ROATCE reached 12.65%, reflecting stronger profitability on a larger balance sheet.
  • Year-to-date net income increased 25.9% to $21.16 million, with net interest income up 8.0% and the efficiency ratio improving to 49.23%, indicating better operating leverage and cost control.

Negative

  • None.

Filing Explained

At June 30, PCB Bancorp reported $1.83 billion of available borrowing capacity, adding liquidity access without reporting new cash proceeds.

The completed June 30 quarter-end balance sheet reports $1.83 billion of available borrowing capacity; the latter is disclosed as borrowing capacity rather than cash, so the filing adds liquidity access without reporting new cash proceeds.

The company defines core deposits as total deposits less time deposits above $250,000 and brokered deposits; core deposits were 63.5% of deposits, while estimated uninsured deposits were 46.7%.

Loans held for investment increased 2.0% from March 31 to $2.93 billion, versus a 1.2% increase in deposits to $2.92 billion; the reported total-loans-to-deposits ratio was 100.42%, showing loans slightly exceeded deposits at quarter-end.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income $10,507 thousand Three months ended June 30, 2026; 15.8% higher than Q2 2025
Net income available to common shareholders $10.4 million Q2 2026 net income available to common shareholders; 16.0% above year-ago quarter
Diluted EPS $0.73 Q2 2026 diluted earnings per common share; up 17.7% versus Q2 2025
Net interest income $27,494 thousand Three months ended June 30, 2026; 5.8% higher than Q2 2025
Total assets $3.47 billion Balance at June 30, 2026; 5.0% increase from June 30, 2025
Loans held-for-investment $2.93 billion Loans held-for-investment at June 30, 2026; 4.9% above prior-year quarter
Non-performing assets to total assets 0.25% NPAs ratio at June 30, 2026, indicating low problem asset levels
Quarterly cash dividend per common share $0.22 Dividend declared July 22, 2026, payable on or about August 14, 2026
net interest margin financial
"Net interest margin was 3.33% for the current quarter"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
allowance for credit losses financial
"Allowance for Credit Losses (“ACL”) on loans ratio was 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.
tangible common equity financial
"Return on average tangible common equity (“ROATCE”) was 12.65%"
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.
non-performing assets financial
"ratio of nonperforming assets to total assets remained low at 0.25%"
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.
efficiency ratio financial
"our efficiency ratio was 49.2%"
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.
Net income $10,507 thousand 15.8% increase vs Q2 2025
Net income available to common shareholders $10.4 million 16.0% increase vs Q2 2025
Diluted EPS $0.73 17.7% increase vs Q2 2025
Net interest income $27,494 thousand 5.8% increase vs Q2 2025
Net interest margin 3.33% 3.33% vs 3.33% in Q2 2025

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did PCB Bancorp (PCB) perform financially in Q2 2026?
PCB Bancorp generated Q2 2026 net income of $10.51 million, with net income available to common shareholders of $10.4 million and diluted EPS of $0.73. Net income was up 15.8% year over year, and net interest income reached $27.5 million.

What dividend did PCB Bancorp (PCB) declare for Q2 2026?
The board declared a quarterly cash dividend of $0.22 per common share, payable on or about August 14, 2026, to shareholders of record as of August 7, 2026. This continues the company’s pattern of regular common-share dividends.

What is PCB Bancorp (PCB)’s asset quality position as of June 30, 2026?
Credit metrics remained conservative, with non-performing assets of $8.7 million, equal to 0.25% of total assets, and an allowance for credit losses of $34.7 million, or 1.18% of loans held-for-investment. Loans past due and still accruing totaled $394 thousand.

How well-capitalized is PCB Bancorp (PCB) after Q2 2026?
PCB Bancorp reported strong capital ratios, including a Tier 1 leverage ratio of 11.89% and a CET1 ratio of 11.41% at June 30, 2026. Tangible common equity to total assets was 9.55%, and book value per common share was $28.40.

Did PCB Bancorp (PCB) repurchase any shares in Q2 2026?
Yes. PCB Bancorp repurchased 141,434 common shares during the quarter at a weighted-average price of $25.47. Year-to-date repurchases totaled 150,439 shares, and 69,087 additional shares remained authorized for repurchase as of June 30, 2026.
0001423869False00014238692026-07-222026-07-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
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
PCB BANCORP
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of
incorporation)
001-38621
(Commission
File Number)
20-8856755
(I.R.S. Employer
Identification No.)
3701 Wilshire Boulevard, Suite 900
Los Angeles, California
(Address of principal offices)
90010
(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):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, no par valuePCBNasdaq Global Select Market
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. ☐



Item 2.02 Results of Operations and Financial Condition.
On July 23, 2026, PCB Bancorp, a California corporation (the “Company”), issued a press release concerning its unaudited results for the second quarter of 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.
The information in this report set forth under this Item 2.02 and in Exhibit 99.1 shall not be treated as “filed” for 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 as expressly stated by specific reference in such filing.
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 8.01 Other Events.
Common Stock Dividend
On July 23, 2026, the Company issued a press release announcing that on July 22, 2026, its Board of Directors declared a quarterly cash dividend of $0.22 per common share. The dividend will be paid on or about August 14, 2026, to shareholders of record as of the close of business on August 7, 2026. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.
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
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
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 23, 2026/s/ Timothy Chang
Timothy Chang
Senior Executive Vice President and Chief Financial Officer


3

Exhibit 99.1
pcbbancorp.jpg
PCB Bancorp Reports Earnings for Q2 2026
Los Angeles, California, - July 23, 2026 - PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income available to common shareholders of $10.4 million, or $0.73 per diluted common share, for the second quarter of 2026, compared with $10.6 million, or $0.74 per diluted common share, for the previous quarter and $9.0 million, or $0.62 per diluted common share, for the year-ago quarter.
Q2 2026 Highlights
•Net income available to common shareholders totaled $10.4 million, or $0.73 per diluted common share, for the current quarter;
•Provision for credit losses was $926 thousand for the current quarter compared with $467 thousand for the previous quarter and $1.8 million for the year-ago quarter;
•Allowance for Credit Losses (“ACL”) on loans to loans held-for-investment ratio was 1.18% at June 30, 2026 compared with 1.18% at March 31, 2026, and 1.20% at June 30, 2025;
•Net interest income was $27.5 million for the current quarter compared with $26.8 million for the previous quarter and $26.0 million for the year-ago quarter. Net interest margin was 3.33% for the current quarter compared with 3.36% for the previous quarter and 3.33% for the year-ago quarter;
•Gain on sale of loans was $1.2 million for the current quarter compared with $1.4 million for the previous quarter and $1.5 million for the year-ago quarter;
•Total assets were $3.47 billion at June 30, 2026, an increase of $73.9 million, or 2.2%, from $3.40 billion at March 31, 2026, an increase of $188.4 million, or 5.7%, from $3.28 billion at December 31, 2025, and an increase of $164.5 million, or 5.0%, from $3.31 billion at June 30, 2025;
•Loans held-for-investment were $2.93 billion at June 30, 2026, an increase of $58.5 million, or 2.0%, from $2.87 billion at March 31, 2026, an increase of $111.6 million, or 4.0%, from $2.82 billion at December 31, 2025, and an increase of $136.7 million, or 4.9%, from $2.80 billion at June 30, 2025; and
•Total deposits were $2.92 billion at June 30, 2026, an increase of $34.7 million, or 1.2%, from $2.89 billion at March 31, 2026, an increase of $127.2 million, or 4.6%, from $2.80 billion at December 31, 2025, and an increase of $99.7 million, or 3.5%, from $2.82 billion at June 30, 2025.
Henry Kim, President and CEO, commented, “We are pleased to report another solid quarter, driven by consistent loan and deposit growth, strong asset quality, disciplined expense management, and continued growth in net interest income. Retail deposit balances increased $45 million, or 7.2% annualized, while wholesale deposits decreased $11 million. Loan balances increased $58 million, or 8.0% annualized. Our ratio of nonperforming assets to total assets remained low at 0.25%, and our efficiency ratio was 49.2%.
We remain focused on measured, relationship-based growth while maintaining solid credit quality and prudent expense management to deliver long-term shareholder value.”
1

Financial Highlights (Unaudited)
($ in thousands, except per share data)
Three Months Ended
Six Months Ended
6/30/20263/31/2026
% Change
6/30/2025
% Change
6/30/20266/30/2025% Change
Net income$10,507 $10,653 (1.4)%$9,071 15.8 %$21,160 $16,806 25.9 %
Net income available to common shareholders$10,420 $10,567 (1.4)%$8,984 16.0 %$20,987 $16,679 25.8 %
Diluted earnings per common share (“EPS”)$0.73 $0.74 (1.4)%$0.62 17.7 %$1.47 $1.15 27.8 %
Net interest income$27,494 $26,810 2.6 %$25,990 5.8 %$54,304 $50,273 8.0 %
Provision for credit losses926 467 98.3 %1,787 (48.2)%1,393 3,385 (58.8)%
Noninterest income3,203 3,374 (5.1)%3,297 (2.9)%6,577 5,877 11.9 %
Noninterest expense15,113 14,814 2.0 %14,829 1.9 %29,927 29,303 2.1 %
Return on average assets (“ROAA”) (1)
1.24 %1.30 %1.13 %1.27 %1.07 %
Return on average shareholders’ equity (“ROAE”) (1)
10.55 %10.95 %9.76 %10.75 %9.16 %
Return on average tangible common equity (“ROATCE”) (1),(2)
12.65 %13.17 %11.87 %12.91 %11.17 %
Net interest margin (1)
3.33 %3.36 %3.33 %3.34 %3.30 %
Efficiency ratio (3)
49.23 %49.08 %50.63 %49.16 %52.19 %
($ in thousands, except per share data)6/30/20263/31/2026% Change12/31/2025% Change6/30/2025% Change
Total assets
$3,470,124 $3,396,193 2.2 %$3,281,771 5.7 %$3,305,589 5.0 %
Net loans held-for-investment
2,897,281 2,839,608 2.0 %2,787,019 4.0 %2,761,755 4.9 %
Total deposits
2,922,659 2,887,980 1.2 %2,795,412 4.6 %2,822,915 3.5 %
Book value per common share (4)
$28.40 $27.88 $27.41 $26.26 
TCE per common share (2)
$23.49 $23.02 $22.55 $21.44 
Tier 1 leverage ratio (consolidated)
11.89 %12.05 %11.89 %11.81 %
Total shareholders’ equity to total assets11.54 %11.68 %11.88 %11.39 %
TCE to total assets (2), (5)
9.55 %9.65 %9.78 %9.30 %
(1)Ratios are presented on an annualized basis.
(2)Non-GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.
(3)Calculated by dividing noninterest expense by the sum of net interest income and noninterest income.
(4)Calculated by dividing total shareholders’ equity by the number of outstanding common shares.
(5)The Company had no intangible asset component for the presented periods.

2

Results of Operations (Unaudited)
Net Interest Income and Net Interest Margin
The following table presents the components of net interest income for the periods indicated:
Three Months Ended
Six Months Ended
($ in thousands)6/30/20263/31/2026
% Change
6/30/2025% Change6/30/20266/30/2025% Change
Interest income/expense on
Loans
$45,886 $44,484 3.2 %$45,478 0.9 %$90,370 $88,504 2.1 %
Investment securities
1,795 1,574 14.0 %1,462 22.8 %3,369 2,870 17.4 %
Other interest-earning assets
2,359 2,773 (14.9)%2,368 (0.4)%5,132 4,826 6.3 %
Total interest-earning assets
50,040 48,831 2.5 %49,308 1.5 %98,871 96,200 2.8 %
Interest-bearing deposits
21,795 21,478 1.5 %22,505 (3.2)%43,273 45,069 (4.0)%
Borrowings
751 543 38.3 %813 (7.6)%1,294 858 50.8 %
Total interest-bearing liabilities
22,546 22,021 2.4 %23,318 (3.3)%44,567 45,927 (3.0)%
Net interest income
$27,494 $26,810 2.6 %$25,990 5.8 %$54,304 $50,273 8.0 %
Average balance of
Loans
$2,885,996 $2,840,688 1.6 %$2,782,200 3.7 %$2,863,467 $2,715,986 5.4 %
Investment securities
178,716 160,798 11.1 %151,055 18.3 %169,807 148,810 14.1 %
Other interest-earning assets
249,717 236,161 5.7 %200,875 24.3 %242,977 205,101 18.5 %
Total interest-earning assets
$3,314,429 $3,237,647 2.4 %$3,134,130 5.8 %$3,276,251 $3,069,897 6.7 %
Interest-bearing deposits
$2,326,163 $2,279,104 2.1 %$2,187,210 6.4 %$2,302,764 $2,163,836 6.4 %
Borrowings
76,374 56,000 36.4 %71,286 7.1 %66,243 37,796 75.3 %
Total interest-bearing liabilities
$2,402,537 $2,335,104 2.9 %$2,258,496 6.4 %$2,369,007 $2,201,632 7.6 %
Total funding (1)
$2,946,585 $2,869,802 2.7 %$2,792,026 5.5 %$2,908,406 $2,726,758 6.7 %
Annualized average yield/cost of 
Loans
6.38 %6.35 %6.56 %6.36 %6.57 %
Investment securities
4.03 %3.97 %3.88 %4.00 %3.89 %
Other interest-earning assets
3.79 %4.76 %4.73 %4.26 %4.74 %
Total interest-earning assets6.06 %6.12 %6.31 %6.09 %6.32 %
Interest-bearing deposits
3.76 %3.82 %4.13 %3.79 %4.20 %
Borrowings
3.94 %3.93 %4.57 %3.94 %4.58 %
Total interest-bearing liabilities3.76 %3.82 %4.14 %3.79 %4.21 %
Net interest margin3.33 %3.36 %3.33 %3.34 %3.30 %
Cost of total funding (1)
3.07 %3.11 %3.35 %3.09 %3.40 %
Supplementary information
Net accretion of discount on loans$584 $517 13.0 %$610 (4.3)%$1,101 $1,482 (25.7)%
Net amortization of deferred loan fees$357 $353 1.1 %$414 (13.8)%$710 $680 4.4 %
(1)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.
The decrease in net interest margin for the current quarter compared with the previous quarter was primarily due to a decrease in average yield on other-interest earning assets, partially offset by increases in average yields on loans and investment securities and a decrease in average cost of interest-bearing deposits. During the previous quarter, the Company received a special dividend on Federal Home Loan Bank (“FHLB”) stock of $424 thousand, which contributed an additional 5 basis point to the net interest margin.
The increase in net interest margin for the current year-to-date period compared with the previous year-to-date period was primarily due to a decrease in average costs of total interest-bearing liabilities and an increase in average yield on investment securities, partially offset by decreases in average yields on loans and other-interest earning assets.

3

Loans. The increase in average yield for the current quarter compared with the previous quarter was primarily due to higher weighted-average interest rates on loans and an increase in net accretion of discount on loans. The decreases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to decreases in market rates and net accretion of discount on loans.
The following table presents a composition of total loans by interest rate type accompanied by the weighted-average contractual rates as of the dates indicated:
6/30/20263/31/202612/31/20256/30/2025
% to Total LoansWeighted-Average Contractual Rate% to Total LoansWeighted-Average Contractual Rate% to Total LoansWeighted-Average Contractual Rate% to Total LoansWeighted-Average Contractual Rate
Fixed rate loans
18.0 %5.76 %17.7 %5.73 %17.5 %5.60 %18.0 %5.51 %
Hybrid rate loans
39.9 %5.67 %39.4 %5.59 %39.7 %5.57 %38.5 %5.43 %
Variable rate loans
42.1 %6.82 %42.9 %6.80 %42.8 %6.93 %43.5 %7.53 %
Investment Securities. The increases in average yield for the current quarter and year-to-date period were primarily due to higher yields on newly purchased investment securities.
Other Interest-Earning Assets. The decrease in average yield for the current quarter compared with the previous quarter was primarily due to the special dividend on FHLB stock for the previous quarter. The decreases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to a decrease in average interest rate on cash held at the Federal Reserve Bank, partially offset by an increase in dividends received on FHLB stock.
Interest-Bearing Deposits. The decreases in average cost for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to decreases in market rates.
Provision for credit losses
The following table presents a composition of provision for credit losses for the periods indicated:
Three Months Ended
Six Months Ended
($ in thousands)6/30/20263/31/2026
% Change
6/30/2025
% Change
6/30/20266/30/2025
% Change
Provision for credit losses on loans$798 $618 29.1 %$1,721 (53.6)%$1,416 $3,312 (57.2)%
Provision (reversal) for credit losses on off-balance sheet credit exposure128 (151)NM66 93.9 %(23)73 NM
Total provision for credit losses$926 $467 98.3 %$1,787 (48.2)%$1,393 $3,385 (58.8)%
The provision for credit losses on loans for the current quarter was primarily due to an increase in loans held-for-investment.
4

Noninterest Income
The following table presents the components of noninterest income for the periods indicated:
Three Months Ended
Six Months Ended
($ in thousands)6/30/20263/31/2026
% Change
6/30/2025
% Change
6/30/20266/30/2025
% Change
Gain on sale of loans
$1,182 $1,409 (16.1)%$1,465 (19.3)%$2,591 $2,352 10.2 %
Service charges and fees on deposits
450 430 4.7 %375 20.0 %880 747 17.8 %
Loan servicing income
802 801 0.1 %760 5.5 %1,603 1,485 7.9 %
Bank-owned life insurance (“BOLI”) income281 274 2.6 %253 11.1 %555 500 11.0 %
Other income
488 460 6.1 %444 9.9 %948 793 19.5 %
Total noninterest income
$3,203 $3,374 (5.1)%$3,297 (2.9)%$6,577 $5,877 11.9 %
Gain on Sale of Loans. The following table presents information on gain (loss) on sale of loans for the periods indicated:
Three Months Ended
Six Months Ended
($ in thousands)6/30/20263/31/2026% Change6/30/2025% Change6/30/20266/30/2025% Change
Gain on sale of SBA loans
Sold loan balance
$17,095 $21,830 (21.7)%$26,947 (36.6)%$38,925 $43,552 (10.6)%
Premium received
1,430 1,581 (9.6)%1,750 (18.3)%3,011 2,958 1.8 %
Gain recognized
1,219 1,409 (13.5)%1,465 (16.8)%2,628 2,352 11.7 %
Loss on sale of other loans
Sold loan balance$1,071 $— NA$— NA$1,071 $— NA
Loss recognized(37)— NA— NA(37)— NA
The other loan sold during the current quarter of $1.1 million was a commercial property loan, which was transferred to loans held-for-sale from loans held-for-investment during the previous quarter.
Loan Servicing Income. The Company services SBA loans and certain residential property loans sold to the secondary market. The following table presents information on loan servicing income for the periods indicated:
Three Months Ended
Six Months Ended
($ in thousands)6/30/20263/31/2026
% Change
6/30/2025
% Change
6/30/20266/30/2025
% Change
Loan servicing income
Servicing income received
$1,243 $1,218 2.1 %$1,251 (0.6)%$2,461 $2,524 (2.5)%
Servicing assets amortization
(441)(417)5.8 %(491)(10.2)%(858)(1,039)(17.4)%
Loan servicing income$802 $801 0.1 %$760 5.5 %$1,603 $1,485 7.9 %
Underlying loans at end of period
$503,429 $506,645 (0.6)%$514,974 (2.2)%$503,429 $514,974 (2.2)%

5

Noninterest Expense
The following table presents the components of noninterest expense for the periods indicated:
Three Months Ended
Six Months Ended
($ in thousands)6/30/20263/31/2026% Change6/30/2025% Change6/30/20266/30/2025% Change
Salaries and employee benefits
$9,551 $9,720 (1.7)%$8,844 8.0 %$19,271 $17,919 7.5 %
Occupancy and equipment
2,369 2,277 4.0 %2,379 (0.4)%4,646 4,668 (0.5)%
Professional fees
645 534 20.8 %805 (19.9)%1,179 1,433 (17.7)%
Marketing and business promotion
446 456 (2.2)%597 (25.3)%902 840 7.4 %
Data processing
342 337 1.5 %317 7.9 %679 650 4.5 %
Director fees and expenses
223 223 — %225 (0.9)%446 451 (1.1)%
Regulatory assessments
368 361 1.9 %358 2.8 %729 702 3.8 %
Other expense1,169 906 29.0 %1,304 (10.4)%2,075 2,640 (21.4)%
Total noninterest expense
$15,113 $14,814 2.0 %$14,829 1.9 %$29,927 $29,303 2.1 %
Salaries and Employee Benefits. The decrease for the current quarter compared with the previous quarter was primarily due to an increase in direct loan origination cost, which offsets and defers the recognition of salaries and benefits expense, and a decrease in vacation accrual, partially offset by an increase in salaries. The increases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to increases in salaries, bonus and vacation accruals, and group insurance. The number of full-time equivalent employees was 274, 264 and 266 as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively.
Professional Fees. The increase for the current quarter compared with the previous quarter was due to additional professional fees incurred for the periodic external loan reviews during the current quarter. The decreases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to additional professional fees incurred related to evaluating the accounting for a preferred stock purchase option during the year-ago quarter.
Marketing and Business Promotion. The decrease for the current quarter compared with the year-ago quarter was primarily due a decrease in advertising.
Other Expense. The increase for the current quarter compared with the previous quarter was primarily due to increases in expenses related to other loan related legal, armed guard and office operating. The decrease for the current quarter compared with the year-ago quarter was primarily due to an impairment on operating lease assets of $82 thousand for a sublease contract and a decrease in office operating expense, partially offset by increases in expenses related to other loan related legal and armed guard. The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to an impairment on operating lease assets of $228 thousand for a sublease contract, recognition of contingent liabilities for legal settlements of $190 thousand during the previous year-to-date period, and a decrease in office operating expense, partially offset by increases in expenses related to other loan related legal and armed guard.
6

Balance Sheet (Unaudited)
Total assets were $3.47 billion at June 30, 2026, an increase of $73.9 million, or 2.2%, from $3.40 billion at March 31, 2026, an increase of $188.4 million, or 5.7%, from $3.28 billion at December 31, 2025, and an increase of $164.5 million, or 5.0%, from $3.31 billion at June 30, 2025. The increase for the current quarter was primarily due to increases in loans held-for-investment and other assets. During the current quarter, the Company invested $8.0 million in qualified affordable housing projects. The increase for the current year was primarily due increases in loans held-for-investment and other assets, as well as total cash and cash equivalents.
Loans
The following table presents a composition of total loans (includes both loans held-for-sale and loans held-for-investment) as of the dates indicated:
($ in thousands)6/30/20263/31/2026% Change12/31/2025% Change6/30/2025% Change
Commercial real estate:
Commercial property$1,120,171 $1,091,823 2.6 %$1,071,396 4.6 %$1,010,780 10.8 %
Business property697,627 644,307 8.3 %638,063 9.3 %635,648 9.8 %
Multifamily208,797 198,346 5.3 %175,579 18.9 %212,738 (1.9)%
Construction11,121 18,972 (41.4)%18,561 (40.1)%27,294 (59.3)%
Total commercial real estate2,037,716 1,953,448 4.3 %1,903,599 7.0 %1,886,460 8.0 %
Commercial and industrial494,944 520,894 (5.0)%508,662 (2.7)%492,857 0.4 %
Consumer:
Residential mortgage393,414 392,680 0.2 %401,337 (2.0)%406,682 (3.3)%
Other consumer5,945 6,529 (8.9)%6,802 (12.6)%9,310 (36.1)%
Total consumer399,359 399,209 — %408,139 (2.2)%415,992 (4.0)%
Loans held-for-investment2,932,019 2,873,551 2.0 %2,820,400 4.0 %2,795,309 4.9 %
Loans held-for-sale2,937 3,604 (18.5)%12,077 (75.7)%8,133 (63.9)%
Total loans$2,934,956 $2,877,155 2.0 %$2,832,477 3.6 %$2,803,442 4.7 %
SBA loans included in:
Loans held-for-investment$145,457 $145,101 0.2 %$146,549 (0.7)%$150,688 (3.5)%
Loans held-for-sale$2,937 $2,513 16.9 %$12,077 (75.7)%$8,133 (63.9)%
ACL on loans$34,738 $33,943 2.3 %$33,381 4.1 %$33,554 3.5 %
ACL on loans to loans held-for-investment1.18 %1.18 %1.18 %1.20 %
The increase in loans held-for-investment for the current quarter was primarily due to new funding of term loans of $178.0 million, partially offset by pay-downs and pay-offs of term loans of $75.8 million, net decrease of lines of credit of $43.7 million, and charge-offs of $18 thousand. The increase for the current year-to-date period was primarily due to new funding of term loans of $290.9 million, partially offset by pay-downs and pay-offs of term loans of $154.5 million, net decrease of lines of credit of $23.6 million, a loan transferred to loans held-for-sale of $1.1 million, and charge-offs of $94 thousand.
The decrease in loans held-for-sale for the current quarter was primarily due to sales of $18.2 million and pay-downs of $109 thousand, partially offset by new funding of $17.6 million. The decrease for the current year-to-date period was primarily due to sales of $40.0 million and pay-downs of $258 thousand, partially offset by new funding of $30.0 million and a loan transferred from loans held-for-investment of $1.1 million.

The following table presents a composition of off-balance sheet credit exposure as of the dates indicated:
($ in thousands)6/30/20263/31/2026% Change12/31/2025% Change6/30/2025% Change
Commercial property$10,069 $9,816 2.6 %$11,344 (11.2)%$10,851 (7.2)%
Business property8,297 8,852 (6.3)%7,569 9.6 %10,364 (19.9)%
Construction3,022 4,825 (37.4)%5,229 (42.2)%8,985 (66.4)%
Commercial and industrial335,523 331,343 1.3 %342,593 (2.1)%342,467 (2.0)%
Other consumer1,536 1,440 6.7 %1,347 14.0 %2,274 (32.5)%
Total commitments to extend credit358,447 356,276 0.6 %368,082 (2.6)%374,941 (4.4)%
Letters of credit7,984 7,330 8.9 %7,330 8.9 %7,418 7.6 %
Total off-balance sheet credit exposure$366,431 $363,606 0.8 %$375,412 (2.4)%$382,359 (4.2)%
7

Credit Quality
The following table presents a summary of non-performing loans and assets, and classified assets as of the dates indicated:
($ in thousands)6/30/20263/31/2026% Change12/31/2025% Change6/30/2025% Change
Nonaccrual loans
Commercial real estate:
Commercial property$1,331 $1,356 (1.8)%$1,403 (5.1)%$1,497 (11.1)%
Business property1,330 1,355 (1.8)%938 41.8 %1,654 (19.6)%
Total commercial real estate2,661 2,711 (1.8)%2,341 13.7 %3,151 (15.6)%
Commercial and industrial607 83 631.3 %161 277.0 %255 138.0 %
Consumer:
Residential mortgage5,446 5,387 1.1 %5,403 0.8 %5,526 (1.4)%
Other consumer6 4 50.0 %5 20.0 %— NA
Total consumer5,452 5,391 1.1 %5,408 0.8 %5,526 (1.3)%
Total nonaccrual loans held-for-investment
8,720 8,185 6.5 %7,910 10.2 %8,932 (2.4)%
Loans past due 90 days or more and still accruing
— — — %— — %— — %
Non-performing loans (“NPLs”) 8,720 8,185 6.5 %7,910 10.2 %8,932 (2.4)%
NPLs held-for-sale— 1,091 (100.0)%— — %— — %
Total NPLs8,720 9,276 (6.0)%7,910 10.2 %8,932 (2.4)%
Other real estate owned (“OREO”)
— — — %— — %— — %
Non-performing assets (“NPAs”)
$8,720 $9,276 (6.0)%$7,910 10.2 %$8,932 (2.4)%
Loans past due and still accruing
Past due 30 to 59 days
$339 $1,352 (74.9)%$943 (64.1)%$2,327 (85.4)%
Past due 60 to 89 days
55 19 189.5 %12 358.3 %226 (75.7)%
Past due 90 days or more
— — — %— — %— — %
Total loans past due and still accruing
$394 $1,371 (71.3)%955 (58.7)%$2,553 (84.6)%
Special mention loans$6,412 $6,395 0.3 %$6,435 (0.4)%$6,838 (6.2)%
Classified assets
Classified loans held-for-investment$10,525 $9,450 11.4 %$9,159 14.9 %$16,433 (36.0)%
Classified loans held-for-sale— 1,091 (100.0)%— — %— — %
OREO
— — — %— — %— — %
Classified assets
$10,525 $10,541 (0.2)%$9,159 14.9 %$16,433 (36.0)%
NPLs to loans held-for-investment0.30 %0.28 %0.28 %0.32 %
NPAs to total assets
0.25 %0.27 %0.24 %0.27 %
Classified assets to total assets
0.30 %0.31 %0.28 %0.50 %
Allowance for Credit Losses
The following table presents activity in ACL for the periods indicated:
Three Months Ended
Six Months Ended
($ in thousands)6/30/20263/31/2026% Change6/30/2025% Change6/30/20266/30/2025% Change
ACL on loans
Balance at beginning of period$33,943 $33,381 1.7 %$31,942 6.3 %$33,381 $30,628 9.0 %
Charge-offs(19)(76)(75.0)%(120)(84.2)%(95)(473)(79.9)%
Recoveries16 20 (20.0)%11 45.5 %36 87 (58.6)%
Provision for credit losses on loans798 618 29.1 %1,721 (53.6)%1,416 3,312 (57.2)%
Balance at end of period$34,738 $33,943 2.3 %$33,554 3.5 %$34,738 $33,554 3.5 %
ACL on off-balance sheet credit exposure
Balance at beginning of period$1,392 $1,543 (9.8)%$1,197 16.3 %$1,543 $1,190 29.7 %
Provision (reversal) for credit losses on off-balance sheet credit exposure128 (151)NM66 93.9 %(23)73 NM
Balance at end of period$1,520 $1,392 9.2 %$1,263 20.3 %$1,520 $1,263 20.3 %
8

Investment Securities
Total investment securities were $184.3 million at June 30, 2026, an increase of $13.8 million, or 8.1%, from $170.5 million at March 31, 2026, an increase of $24.3 million, or 15.2%, from $160.0 million at December 31, 2025, and an increase of $29.7 million, or 19.2%, from $154.6 million at June 30, 2025. The increase for the current quarter was primarily due to purchases of $22.4 million, partially offset by principal pay-downs of $7.9 million, a fair value decrease of $533 thousand and net premium amortization of $48 thousand. The increase for the current year-to-date period was primarily due to purchases of $41.0 million, partially offset by principal pay-downs of $14.8 million, a fair value decrease of $1.8 million and net premium amortization of $72 thousand.
Deposits
The following table presents the Company’s deposit mix as of the dates indicated:
6/30/20263/31/202612/31/20256/30/2025
($ in thousands)Amount% to TotalAmount% to TotalAmount% to TotalAmount% to Total
Noninterest-bearing demand deposits
$569,367 19.5 %$570,393 19.8 %$555,645 19.9 %$575,905 20.4 %
Interest-bearing deposits
Savings
4,901 0.2 %5,005 0.2 %6,077 0.2 %5,695 0.2 %
NOW
15,234 0.5 %13,927 0.5 %13,928 0.5 %12,765 0.5 %
Retail money market accounts
686,805 23.4 %662,132 22.8 %656,069 23.4 %533,032 18.7 %
Brokered money market accounts
1 0.1 %1 0.1 %1 0.1 %1 0.1 %
Retail time deposits of
$250,000 or less
578,814 19.8 %575,079 19.9 %574,519 20.6 %555,357 19.7 %
More than $250,000
701,708 24.0 %685,074 23.7 %648,633 23.1 %649,160 23.0 %
State and brokered time deposits
365,829 12.5 %376,369 13.0 %340,540 12.2 %491,000 17.4 %
Total interest-bearing deposits
2,353,292 80.5 %2,317,587 80.2 %2,239,767 80.1 %2,247,010 79.6 %
Total deposits
$2,922,659 100.0 %$2,887,980 100.0 %$2,795,412 100.0 %$2,822,915 100.0 %
Estimated total deposits not covered by deposit insurance$1,363,432 46.7 %$1,363,735 47.2 %$1,270,159 45.4 %$1,164,592 41.3 %
Total retail deposits were $2.56 billion at June 30, 2026, an increase of $45.2 million, or 1.8%, from $2.51 billion at March 31, 2026, an increase of $102.0 million, or 4.2%, from $2.45 billion at December 31, 2025, and an increase of $224.9 million, or 9.6%, from $2.33 billion at June 30, 2025.
The increase in retail time deposits for the current quarter was primarily due to new accounts of $92.6 million, renewals of matured accounts of $305.2 million and balance increases of $11.0 million, partially offset by matured and closed accounts of $388.5 million. The increase for the current year-to-date period was primarily due to new accounts of $209.4 million, renewals of the matured accounts of $694.0 million and balance increases of $27.5 million, partially offset by matured and closed accounts of $873.5 million.
Liquidity
The following table presents a summary of the Company’s liquidity position as of the dates indicated:
($ in thousands)6/30/202612/31/2025% Change
Cash and cash equivalents
$265,197 $207,142 28.0 %
Cash and cash equivalents to total assets
7.6 %6.3 %
Available borrowing capacity
FHLB advances
$798,780 $840,607 (5.0)%
Federal Reserve Discount Window
971,399 841,563 15.4 %
Overnight federal funds lines
55,000 65,000 (15.4)%
Total
$1,825,179 $1,747,170 4.5 %
Total available borrowing capacity to total assets
52.6 %53.2 %
9

Shareholders’ Equity
Shareholders’ equity was $400.5 million at June 30, 2026, an increase of $3.7 million, or 0.9%, from $396.7 million at March 31, 2026, an increase of $10.4 million, or 2.7%, from $390.0 million at December 31, 2025, and an increase of $24.0 million, or 6.4%, from $376.5 million at June 30, 2025. The increase for the current quarter was primarily due to net income and proceeds from stock option exercises of $201 thousand, partially offset by repurchases of common stock of $3.6 million, cash dividends declared on common stock of $3.1 million and preferred stock dividends of $87 thousand, and an increase in accumulated other comprehensive loss of $378 thousand. The increase for the current year-to-date period was primarily due to net income and proceeds from stock option exercises of $313 thousand, partially offset by cash dividends declared on common stock of $6.3 million, repurchases of common stock of $3.8 million and preferred stock dividends of $173 thousand, and an increase in accumulated other comprehensive loss of $1.3 million.
Stock Repurchases
During the current year-to-date period, the Company repurchased and retired 150,439 shares of common stock at a weighted-average price of $25.23, totaling $3.8 million. In 2025, the Company repurchased and retired 358,251 shares of common stock at a weighted-average price of $19.82, totaling $7.1 million. As of June 30, 2026, the Company is authorized to purchase 69,087 additional shares under its current stock repurchase program, which expires on July 31, 2026.
Series C Preferred Stock
The Company paid dividends of $87 thousand and $173 thousand for the current quarter and year-to-date period, respectively.
Capital Ratios
The following table presents capital ratios for the Company and the Bank as of the dates indicated:
6/30/20263/31/202612/31/20256/30/2025Well Capitalized Minimum Requirements
PCB Bancorp
Common tier 1 capital (to risk-weighted assets)
11.41 %11.48 %11.46 %11.14 %6.50 %
Total capital (to risk-weighted assets)
14.98 %15.09 %15.13 %14.84 %10.00 %
Tier 1 capital (to risk-weighted assets)
13.75 %13.87 %13.89 %13.60 %8.00 %
Tier 1 capital (to average assets)
11.89 %12.05 %11.89 %11.81 %5.00 %
PCB Bank
Common tier 1 capital (to risk-weighted assets)
13.35 %13.46 %13.49 %13.23 %6.50 %
Total capital (to risk-weighted assets)
14.58 %14.68 %14.72 %14.47 %10.00 %
Tier 1 capital (to risk-weighted assets)
13.35 %13.46 %13.49 %13.23 %8.00 %
Tier 1 capital (to average assets)
11.54 %11.70 %11.55 %11.50 %5.00 %
10

About PCB Bancorp
PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.
Cautionary Note Regarding Forward-Looking Statements
This press release 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 phrases 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 conflicts in the Middle East on the national and global economies and markets; the impact of governmental monetary policy; any material weaknesses in the Company’s internal control over financial reporting that we have identified or may identify; 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; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; the ability of the Company to manage liquidity; changes in 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; acquisitions and branch and loan production office expansions; 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and other filings the Company makes with the SEC, which are available without charge at the SEC’s website (http://www.sec.gov) and 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 press release, and the Company undertakes no 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.
Contact:
Timothy Chang
Senior Executive Vice President & Chief Financial Officer
213-210-2000

11

PCB Bancorp and Subsidiary
Consolidated Balance Sheets (Unaudited)
($ in thousands, except share and per share data)
6/30/20263/31/2026% Change12/31/2025% Change6/30/2025% Change
Assets
Cash and due from banks
$30,896 $24,787 24.6 %$25,319 22.0 %$41,614 (25.8)%
Interest-bearing deposits in other financial institutions234,301 242,618 (3.4)%181,823 28.9 %221,953 5.6 %
Total cash and cash equivalents
265,197 267,405 (0.8)%207,142 28.0 %263,567 0.6 %
Securities available-for-sale, at fair value
184,318 170,477 8.1 %160,009 15.2 %154,620 19.2 %
Loans held-for-sale
2,937 3,604 (18.5)%12,077 (75.7)%8,133 (63.9)%
Loans held-for-investment2,932,019 2,873,551 2.0 %2,820,400 4.0 %2,795,309 4.9 %
Allowance for credit losses on loans(34,738)(33,943)2.3 %(33,381)4.1 %(33,554)3.5 %
Net loans held-for-investment
2,897,281 2,839,608 2.0 %2,787,019 4.0 %2,761,755 4.9 %
Premises and equipment, net
7,296 7,695 (5.2)%8,194 (11.0)%8,942 (18.4)%
Federal Home Loan Bank and other bank stock
15,170 14,978 1.3 %14,978 1.3 %14,978 1.3 %
Bank-owned life insurance33,351 33,070 0.8 %32,796 1.7 %32,266 3.4 %
Deferred tax assets, net
9,977 9,697 2.9 %9,210 8.3 %7,032 41.9 %
Servicing assets
5,655 5,691 (0.6)%5,627 0.5 %5,756 (1.8)%
Operating lease assets
15,844 16,453 (3.7)%17,158 (7.7)%17,861 (11.3)%
Accrued interest receivable
10,574 10,952 (3.5)%10,669 (0.9)%10,879 (2.8)%
Other assets
22,524 16,563 36.0 %16,892 33.3 %19,800 13.8 %
Total assets
$3,470,124 $3,396,193 2.2 %$3,281,771 5.7 %$3,305,589 5.0 %
Liabilities
Deposits
Noninterest-bearing demand
$569,367 $570,393 (0.2)%$555,645 2.5 %$575,905 (1.1)%
Savings, NOW and money market accounts
706,941 681,065 3.8 %676,075 4.6 %551,493 28.2 %
Time deposits of $250,000 or less
824,643 831,448 (0.8)%855,059 (3.6)%986,357 (16.4)%
Time deposits of more than $250,000
821,708 805,074 2.1 %708,633 16.0 %709,160 15.9 %
Total deposits
2,922,659 2,887,980 1.2 %2,795,412 4.6 %2,822,915 3.5 %
Other short-term borrowings10,000 — NA— NA— NA
Federal Home Loan Bank advances
80,000 50,000 60.0 %34,000 135.3 %45,000 77.8 %
Operating lease liabilities
17,701 18,301 (3.3)%18,996 (6.8)%19,652 (9.9)%
Accrued interest payable and other liabilities
39,301 43,194 (9.0)%43,337 (9.3)%41,522 (5.3)%
Total liabilities
3,069,661 2,999,475 2.3 %2,891,745 6.2 %2,929,089 4.8 %
Commitments and contingent liabilities
Shareholders’ equity
Preferred stock69,141 69,141 — %69,141 — %69,141 — %
Common stock136,237 139,405 (2.3)%139,256 (2.2)%142,152 (4.2)%
Retained earnings
201,214 193,923 3.8 %186,485 7.9 %171,735 17.2 %
Accumulated other comprehensive loss, net(6,129)(5,751)6.6 %(4,856)26.2 %(6,528)(6.1)%
Total shareholders’ equity
400,463 396,718 0.9 %390,026 2.7 %376,500 6.4 %
Total liabilities and shareholders’ equity
$3,470,124 $3,396,193 2.2 %$3,281,771 5.7 %$3,305,589 5.0 %
Outstanding common shares
14,102,189 14,231,423 14,230,428 14,336,602 
Book value per common share (1)
$28.40 $27.88 $27.41 $26.26 
TCE per common share (2)
$23.49 $23.02 $22.55 $21.44 
Total loan to total deposit ratio
100.42 %99.63 %101.33 %99.31 %
Noninterest-bearing deposits to total deposits
19.48 %19.75 %19.88 %20.40 %
(1)The ratios are calculated by dividing total shareholders’ equity by the number of outstanding common shares. The Company had no intangible equity components for the presented periods.
(2)Non-GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.
12

PCB Bancorp and Subsidiary
Consolidated Statements of Income (Unaudited)
($ in thousands, except share and per share data)
Three Months Ended
Six Months Ended
6/30/20263/31/2026% Change6/30/2025% Change6/30/20266/30/2025% Change
Interest and dividend income
Loans, including fees$45,886 $44,484 3.2 %$45,478 0.9 %$90,370 $88,504 2.1 %
Investment securities1,795 1,574 14.0 %1,462 22.8 %3,369 2,870 17.4 %
Other interest-earning assets2,359 2,773 (14.9)%2,368 (0.4)%5,132 4,826 6.3 %
Total interest income50,040 48,831 2.5 %49,308 1.5 %98,871 96,200 2.8 %
Interest expense
Deposits21,795 21,478 1.5 %22,505 (3.2)%43,273 45,069 (4.0)%
Other borrowings751 543 38.3 %813 (7.6)%1,294 858 50.8 %
Total interest expense
22,546 22,021 2.4 %23,318 (3.3)%44,567 45,927 (3.0)%
Net interest income
27,494 26,810 2.6 %25,990 5.8 %54,304 50,273 8.0 %
Provision for credit losses926 467 98.3 %1,787 (48.2)%1,393 3,385 (58.8)%
Net interest income after provision for credit losses26,568 26,343 0.9 %24,203 9.8 %52,911 46,888 12.8 %
Noninterest income
Gain on sale of loans
1,182 1,409 (16.1)%1,465 (19.3)%2,591 2,352 10.2 %
Service charges and fees on deposits
450 430 4.7 %375 20.0 %880 747 17.8 %
Loan servicing income
802 801 0.1 %760 5.5 %1,603 1,485 7.9 %
BOLI income281 274 2.6 %253 11.1 %555 500 11.0 %
Other income
488 460 6.1 %444 9.9 %948 793 19.5 %
Total noninterest income
3,203 3,374 (5.1)%3,297 (2.9)%6,577 5,877 11.9 %
Noninterest expense
Salaries and employee benefits
9,551 9,720 (1.7)%8,844 8.0 %19,271 17,919 7.5 %
Occupancy and equipment
2,369 2,277 4.0 %2,379 (0.4)%4,646 4,668 (0.5)%
Professional fees
645 534 20.8 %805 (19.9)%1,179 1,433 (17.7)%
Marketing and business promotion446 456 (2.2)%597 (25.3)%902 840 7.4 %
Data processing
342 337 1.5 %317 7.9 %679 650 4.5 %
Director fees and expenses
223 223 — %225 (0.9)%446 451 (1.1)%
Regulatory assessments
368 361 1.9 %358 2.8 %729 702 3.8 %
Other expense1,169 906 29.0 %1,304 (10.4)%2,075 2,640 (21.4)%
Total noninterest expense
15,113 14,814 2.0 %14,829 1.9 %29,927 29,303 2.1 %
Income before income taxes
14,658 14,903 (1.6)%12,671 15.7 %29,561 23,462 26.0 %
Income tax expense
4,151 4,250 (2.3)%3,600 15.3 %8,401 6,656 26.2 %
Net income
10,507 10,653 (1.4)%9,071 15.8 %21,160 16,806 25.9 %
Preferred stock dividends87 86 1.2 %87 — %173 127 36.2 %
Net income available to common shareholders$10,420 $10,567 (1.4)%$8,984 16.0 %$20,987 $16,679 25.8 %
Earnings per common share
Basic
$0.73 $0.74 $0.63 $1.48 $1.16 
Diluted
$0.73 $0.74 $0.62 $1.47 $1.15 
Average common shares
Basic
14,107,290 14,142,092 14,213,032 14,124,595 14,242,486 
Diluted
14,220,414 14,238,226 14,326,011 14,231,238 14,364,995 
Dividend paid per common share
$0.22 $0.22 $0.20 $0.44 $0.40 
ROAA (1)
1.24%1.30%1.13 %1.27 %1.07 %
ROAE (1)
10.55%10.95%9.76 %10.75 %9.16 %
ROATCE (1), (2)
12.65%13.17%11.87 %12.91 %11.17 %
Efficiency ratio (3)
49.23%49.08%50.63 %49.16 %52.19 %
(1)Ratios are presented on an annualized basis.
(2)Non-GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.
(3)The ratios are calculated by dividing noninterest expense by the sum of net interest income and noninterest income.
13

PCB Bancorp and Subsidiary
Average Balance, Average Yield, and Average Rate (Unaudited)
($ in thousands)
Three Months Ended
6/30/20263/31/20266/30/2025
Average BalanceInterest Income/ Expense
Avg. Yield/Rate(6)
Average BalanceInterest Income/ Expense
Avg. Yield/Rate(6)
Average BalanceInterest Income/ Expense
Avg. Yield/Rate(6)
Assets
Interest-earning assets
Total loans (1)
$2,885,996 $45,886 6.38%$2,840,688 $44,484 6.35 %$2,782,200 $45,478 6.56 %
Mortgage-backed securities
150,065 1,534 4.10%131,025 1,305 4.04 %117,987 1,145 3.89 %
Collateralized mortgage obligation
17,713 163 3.69%18,443 169 3.72 %20,616 203 3.95 %
SBA loan pool securities
3,695 29 3.15%4,060 31 3.10 %5,368 46 3.44 %
Municipal bonds (2)
2,459 22 3.59%2,502 22 3.57 %2,379 21 3.54 %
Corporate bonds4,784 47 3.94%4,768 47 4.00 %4,705 47 4.01 %
Other interest-earning assets
249,717 2,359 3.79%236,161 2,773 4.76 %200,875 2,368 4.73 %
Total interest-earning assets
3,314,429 50,040 6.06%3,237,647 48,831 6.12 %3,134,130 49,308 6.31 %
Noninterest-earning assets
Cash and due from banks23,224 23,505 23,267 
ACL on loans(33,951)(33,344)(31,932)
Other assets
99,850 98,520 100,930 
Total noninterest-earning assets
89,123 88,681 92,265 
Total assets
$3,403,552 $3,326,328 $3,226,395 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities
Deposits
NOW and money market accounts
$683,731 5,872 3.44%$678,108 5,743 3.43 %$532,842 4,772 3.59 %
Savings
4,995 3 0.24%5,360 3 0.23 %5,334 4 0.30 %
Time deposits
1,637,437 15,920 3.90%1,595,636 15,732 4.00 %1,649,034 17,729 4.31 %
Total interest-bearing deposits
2,326,163 21,795 3.76%2,279,104 21,478 3.82 %2,187,210 22,505 4.13 %
Other borrowings76,374 751 3.94%56,000 543 3.93 %71,286 813 4.57 %
Total interest-bearing liabilities
2,402,537 22,546 3.76%2,335,104 22,021 3.82 %2,258,496 23,318 4.14 %
Noninterest-bearing liabilities
Noninterest-bearing demand
544,048 534,698 533,530 
Other liabilities
57,499 61,952 61,740 
Total noninterest-bearing liabilities
601,547 596,650 595,270 
Total liabilities
3,004,084 2,931,754 2,853,766 
Total shareholders’ equity
399,468 394,574 372,629 
Total liabilities and shareholders’ equity
$3,403,552 $3,326,328 $3,226,395 
Net interest income
$27,494 $26,810 $25,990 
Net interest spread (3)
2.30%2.30 %2.17 %
Net interest margin (4)
3.33%3.36 %3.33 %
Total deposits
$2,870,211 $21,795 3.05%$2,813,802 $21,478 3.10 %$2,720,740 $22,505 3.32 %
Total funding (5)
$2,946,585 $22,546 3.07%$2,869,802 $22,021 3.11 %$2,792,026 $23,318 3.35 %
(1)Total loans include both loans held-for-sale and loans held-for-investment.
(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.
(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.
(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.
(5)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.
(6)Annualized.

14

PCB Bancorp and Subsidiary
Average Balance, Average Yield, and Average Rate (Unaudited)
($ in thousands)
Six Months Ended
6/30/20266/30/2025
Average BalanceInterest Income/ Expense
Avg. Yield/Rate(6)
Average BalanceInterest Income/ Expense
Avg. Yield/Rate(6)
Assets
Interest-earning assets
Total loans (1)
$2,863,467 $90,370 6.36%$2,715,986 $88,504 6.57 %
Mortgage-backed securities
140,598 2,839 4.07%115,420 2,220 3.88 %
Collateralized mortgage obligation
18,076 332 3.70%20,821 413 4.00 %
SBA loan pool securities
3,877 60 3.12%5,646 100 3.57 %
Municipal bonds (2)
2,480 44 3.58%2,402 43 3.61 %
Corporate bonds4,776 94 3.97%4,521 94 4.19 %
Other interest-earning assets
242,977 5,132 4.26%205,101 4,826 4.74 %
Total interest-earning assets
3,276,251 98,871 6.09%3,069,897 96,200 6.32 %
Noninterest-earning assets
Cash and due from banks23,364 23,958 
ACL on loans(33,649)(31,308)
Other assets
99,200 99,763 
Total noninterest-earning assets
88,915 92,413 
Total assets
$3,365,166 $3,162,310 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities
Deposits
NOW and money market accounts
$680,935 11,615 3.44%$508,520 9,069 3.60 %
Savings
5,177 6 0.23%5,472 7 0.26 %
Time deposits
1,616,652 31,652 3.95%1,649,844 35,993 4.40 %
Total interest-bearing deposits
2,302,764 43,273 3.79%2,163,836 45,069 4.20 %
Other borrowings66,243 1,294 3.94%37,796 858 4.58 %
Total interest-bearing liabilities
2,369,007 44,567 3.79%2,201,632 45,927 4.21 %
Noninterest-bearing liabilities
Noninterest-bearing demand
539,399 525,126 
Other liabilities
59,725 65,368 
Total noninterest-bearing liabilities
599,124 590,494 
Total liabilities
2,968,131 2,792,126 
Total shareholders’ equity
397,035 370,184 
Total liabilities and shareholders’ equity
$3,365,166 $3,162,310 
Net interest income
$54,304 $50,273 
Net interest spread (3)
2.30%2.11 %
Net interest margin (4)
3.34%3.30 %
Total deposits
$2,842,163 $43,273 3.07%$2,688,962 $45,069 3.38 %
Total funding (5)
$2,908,406 $44,567 3.09%$2,726,758 $45,927 3.40 %
(1)Total loans include both loans held-for-sale and loans held-for-investment.
(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.
(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.
(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.
(5)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.
(6)Annualized.

15

PCB Bancorp and Subsidiary
Non-GAAP Financial Measures
Return on average tangible common equity, tangible common equity per common share and tangible common equity to total assets ratios
The Company's TCE is calculated by subtracting preferred stock from shareholders’ equity. The Company had no intangible assets for the presented periods. ROATCE, TCE per common share, and TCE to total assets constitute supplemental financial information determined by methods other than in accordance with Generally Accepted Accounting Principles, or GAAP. These non-GAAP financial measures are used by management in its analysis of the Company's performance. These non-GAAP financial measures should not be viewed as substitutes for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. The following tables provide reconciliations of the non-GAAP financial measures with financial measures defined by GAAP.
($ in thousands)
Three Months Ended
Six Months Ended
6/30/20263/31/20266/30/20256/30/20266/30/2025
Average total shareholders' equity(a)$399,468 $394,574 $372,629 $397,035 $370,184 
Less: average preferred stock(b)69,141 69,141 69,141 69,141 69,141 
Average TCE(c)=(a)-(b)330,327 325,433 303,488 327,894 301,043 
Net income(d)$10,507 $10,653 $9,071 $21,160 $16,806 
ROAE (1)
(d)/(a)10.55 %10.95 %9.76 %10.75 %9.16 %
Net income available to common shareholders(e)10,420 10,567 8,984 20,987 16,679 
ROATCE (1)
(e)/(c)12.65 %13.17 %11.87 %12.91 %11.17 %
(1) Annualized.
($ in thousands, except per share data)6/30/20263/31/202612/31/20256/30/2025
Total shareholders' equity(a)$400,463 $396,718 $390,026 $376,500 
Less: preferred stock(b)69,141 69,141 69,141 69,141 
TCE(c)=(a)-(b)331,322 327,577 320,885 307,359 
Outstanding common shares
(d)14,102,189 14,231,423 14,230,428 14,336,602 
Book value per common share(a)/(d)$28.40 $27.88 $27.41 $26.26 
TCE per common share(c)/(d)23.49 23.02 22.55 21.44 
Total assets(e)$3,470,124 $3,396,193 $3,281,771 $3,305,589 
Total shareholders' equity to total assets(a)/(e)11.54 %11.68 %11.88 %11.39 %
TCE to total assets(c)/(e)9.55 %9.65 %9.78 %9.30 %
16
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 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 $ 120,000 3.56% $ 482,289 3.94% $ 602,289 3.94% 3 to 6 Months 150,000 3.89% 511,902 3.88% 661,902 3.88% 6 to 9 Months 25,829 3.70% 381,598 3.85% 407,427 3.85% 9 to 12 Months 70,000 4.01% 268,912 3.90% 338,912 3.90% More than 12 Months 1,521 0.00% 1,650 3.02% 1,650 3.02% Total $ 1,260,153 3.79% $ 1,646,351 3.89% $ 2,012,180 3.89% (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%

 

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.

 


Exhibit 99.3

pcbbancorp.jpg
PCB Bancorp Declares Quarterly Cash Dividend of $0.22 Per Common Share
Los Angeles, California, - July 23, 2026 - PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank, announced that on July 22, 2026, its Board of Directors declared a quarterly cash dividend of $0.22 per common share. The dividend will be paid on or about August 14, 2026, to shareholders of record as of the close of business on August 7, 2026.
About PCB Bancorp
PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.
Contact:
Timothy Chang
Senior Executive Vice President & Chief Financial Officer
213-210-2000


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