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[8-K] PCB Bancorp Reports Material Event

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Oceaneering International (OII) Q2-25 10-Q highlights

  • Revenue grew 4% YoY to $698.2 million; 93% was recognized over time.
  • Gross margin expanded to 21.3%, lifting operating income 31% to $79.2 million (11.3% margin).
  • Net income jumped 56% to $54.4 million; diluted EPS rose to $0.54 from $0.34.
  • Year-to-date revenue increased 8% to $1.37 billion; operating income up 57% to $152.7 million.
  • Operating cash flow remained negative at $(3.5) million, though improved from $(17.1) million a year ago; capex $56.4 million and buybacks $20.1 million cut cash to $434 million (-$63 million YTD).
  • Net debt is modest at ~$51 million; full $215 million revolver undrawn.
  • Energy portfolio delivered 19% margin: Subsea Robotics 29% (ROV utilization 67%, day-rates higher), OPG 15%, Manufactured Products 13%; IMDS steady at 6%.
  • Aerospace & Defense Technologies revenue advanced 13% to $109.6 million with 15% margin.
  • Manufactured Products backlog fell 28% YoY to $516 million; six contracts triggered $4.6 million in loss provisions.
  • Inventory reserves rose $4.6 million; tax rate 30.6%. Company is assessing effects of the newly enacted One Big Beautiful Bill Act.

Principali dati del 10-Q del secondo trimestre 2025 di Oceaneering International (OII)

  • I ricavi sono cresciuti del 4% su base annua, raggiungendo 698,2 milioni di dollari; il 93% è stato riconosciuto nel tempo.
  • Il margine lordo è aumentato al 21,3%, facendo salire l'utile operativo del 31% a 79,2 milioni di dollari (margine dell'11,3%).
  • L'utile netto è salito del 56% a 54,4 milioni di dollari; l'EPS diluito è passato da 0,34 a 0,54 dollari.
  • I ricavi da inizio anno sono aumentati dell'8% a 1,37 miliardi di dollari; l'utile operativo è cresciuto del 57% a 152,7 milioni di dollari.
  • Il flusso di cassa operativo è rimasto negativo a -3,5 milioni di dollari, sebbene migliorato rispetto ai -17,1 milioni dell'anno precedente; gli investimenti in capitale sono stati di 56,4 milioni di dollari e i riacquisti di azioni di 20,1 milioni, riducendo la liquidità a 434 milioni di dollari (-63 milioni da inizio anno).
  • Il debito netto è contenuto, circa 51 milioni di dollari; la linea di credito da 215 milioni è completamente disponibile.
  • Il portafoglio energetico ha registrato un margine del 19%: Subsea Robotics 29% (utilizzo ROV al 67%, tariffe giornaliere in aumento), OPG 15%, Prodotti Manifatturati 13%; IMDS stabile al 6%.
  • I ricavi del settore Aerospace & Defense Technologies sono cresciuti del 13% a 109,6 milioni di dollari con un margine del 15%.
  • Il portafoglio ordini dei Prodotti Manifatturati è diminuito del 28% su base annua a 516 milioni di dollari; sei contratti hanno generato accantonamenti per perdite pari a 4,6 milioni di dollari.
  • Le riserve di inventario sono aumentate di 4,6 milioni di dollari; l'aliquota fiscale è del 30,6%. La società sta valutando gli effetti della nuova legge "One Big Beautiful Bill Act".

Aspectos destacados del 10-Q del segundo trimestre de 2025 de Oceaneering International (OII)

  • Los ingresos crecieron un 4% interanual hasta 698,2 millones de dólares; el 93% se reconoció a lo largo del tiempo.
  • El margen bruto se amplió al 21,3%, impulsando el ingreso operativo un 31% hasta 79,2 millones de dólares (margen del 11,3%).
  • La utilidad neta aumentó un 56% hasta 54,4 millones de dólares; las ganancias por acción diluidas subieron a 0,54 desde 0,34 dólares.
  • Los ingresos acumulados en el año crecieron un 8% hasta 1.370 millones de dólares; el ingreso operativo aumentó un 57% hasta 152,7 millones de dólares.
  • El flujo de caja operativo permaneció negativo en (3,5) millones de dólares, aunque mejoró respecto a (17,1) millones del año anterior; la inversión en capital fue de 56,4 millones y las recompras de acciones de 20,1 millones, reduciendo el efectivo a 434 millones (-63 millones en el año).
  • La deuda neta es modesta, alrededor de 51 millones; la línea de crédito completa de 215 millones no está utilizada.
  • La cartera energética entregó un margen del 19%: Subsea Robotics 29% (utilización de ROV 67%, tarifas diarias más altas), OPG 15%, Productos Manufacturados 13%; IMDS estable en 6%.
  • Los ingresos de Aerospace & Defense Technologies aumentaron un 13% hasta 109,6 millones con un margen del 15%.
  • La cartera de pedidos de Productos Manufacturados cayó un 28% interanual hasta 516 millones; seis contratos generaron provisiones por pérdidas de 4,6 millones.
  • Las reservas de inventario aumentaron 4,6 millones; la tasa impositiva es del 30,6%. La compañía está evaluando los efectos de la recién promulgada "One Big Beautiful Bill Act".

오세아니어링 인터내셔널(OII) 2025년 2분기 10-Q 주요 내용

  • 매출은 전년 대비 4% 증가한 6억 9,820만 달러; 93%는 기간 경과에 따라 인식됨.
  • 총 마진은 21.3%로 확대되어 영업이익은 31% 증가한 7,920만 달러(마진 11.3%)를 기록.
  • 순이익은 56% 증가한 5,440만 달러; 희석 주당순이익(EPS)은 0.34달러에서 0.54달러로 상승.
  • 연초 대비 매출은 8% 증가한 13억 7,000만 달러; 영업이익은 57% 증가한 1억 5,270만 달러.
  • 영업 현금 흐름은 여전히 -350만 달러로 부정적이지만, 전년 동기 -1,710만 달러에서 개선됨; 자본적 지출은 5,640만 달러, 자사주 매입은 2,010만 달러로 현금이 4억 3,400만 달러로 감소(-6,300만 달러 YTD).
  • 순부채는 약 5,100만 달러로 적당하며, 2억 1,500만 달러 규모의 신용 한도는 전액 미사용 상태.
  • 에너지 포트폴리오는 19% 마진을 기록: 해저 로봇 29%(ROV 가동률 67%, 일일 요금 상승), OPG 15%, 제조 제품 13%; IMDS는 6%로 안정적.
  • 항공우주 및 방위 기술 부문 매출은 13% 증가한 1억 960만 달러, 마진은 15%.
  • 제조 제품 수주 잔고는 전년 대비 28% 감소한 5억 1,600만 달러; 6개 계약에서 460만 달러의 손실 충당금 발생.
  • 재고 충당금은 460만 달러 증가; 세율은 30.6%. 회사는 새로 제정된 "One Big Beautiful Bill Act"의 영향을 평가 중.

Points clés du 10-Q du deuxième trimestre 2025 d'Oceaneering International (OII)

  • Le chiffre d'affaires a augmenté de 4 % en glissement annuel pour atteindre 698,2 millions de dollars ; 93 % ont été reconnus au fil du temps.
  • La marge brute s'est établie à 21,3 %, faisant progresser le résultat d'exploitation de 31 % à 79,2 millions de dollars (marge de 11,3 %).
  • Le bénéfice net a bondi de 56 % à 54,4 millions de dollars ; le BPA dilué est passé de 0,34 à 0,54 dollar.
  • Le chiffre d'affaires cumulé depuis le début de l'année a augmenté de 8 % pour atteindre 1,37 milliard de dollars ; le résultat d'exploitation a progressé de 57 % à 152,7 millions de dollars.
  • Le flux de trésorerie d'exploitation est resté négatif à (3,5) millions de dollars, bien qu'amélioré par rapport à (17,1) millions l'année précédente ; les dépenses d'investissement se sont élevées à 56,4 millions de dollars et les rachats d'actions à 20,1 millions, réduisant la trésorerie à 434 millions (-63 millions depuis le début de l'année).
  • La dette nette est modeste, d'environ 51 millions ; la ligne de crédit renouvelable complète de 215 millions n'a pas été utilisée.
  • Le portefeuille énergétique a généré une marge de 19 % : Subsea Robotics 29 % (utilisation des ROV à 67 %, tarifs journaliers en hausse), OPG 15 %, Produits manufacturés 13 % ; IMDS stable à 6 %.
  • Le chiffre d'affaires des Technologies aérospatiales et de défense a progressé de 13 % à 109,6 millions de dollars avec une marge de 15 %.
  • Le carnet de commandes des Produits manufacturés a diminué de 28 % en glissement annuel à 516 millions ; six contrats ont entraîné des provisions pour pertes de 4,6 millions.
  • Les réserves d'inventaire ont augmenté de 4,6 millions ; le taux d'imposition est de 30,6 %. L'entreprise évalue les effets de la nouvelle loi "One Big Beautiful Bill Act".

Oceaneering International (OII) Highlights aus dem 10-Q für Q2-25

  • Der Umsatz stieg im Jahresvergleich um 4 % auf 698,2 Millionen US-Dollar; 93 % wurden zeitlich erfasst.
  • Die Bruttomarge erhöhte sich auf 21,3 %, was das Betriebsergebnis um 31 % auf 79,2 Millionen US-Dollar (Marge 11,3 %) steigerte.
  • Der Nettogewinn stieg um 56 % auf 54,4 Millionen US-Dollar; das verwässerte Ergebnis je Aktie (EPS) stieg von 0,34 auf 0,54 US-Dollar.
  • Der Umsatz seit Jahresbeginn stieg um 8 % auf 1,37 Milliarden US-Dollar; das Betriebsergebnis stieg um 57 % auf 152,7 Millionen US-Dollar.
  • Der operative Cashflow blieb mit -3,5 Millionen US-Dollar negativ, verbesserte sich jedoch gegenüber -17,1 Millionen US-Dollar im Vorjahr; Investitionen (Capex) betrugen 56,4 Millionen US-Dollar, Aktienrückkäufe 20,1 Millionen US-Dollar, was den Kassenbestand auf 434 Millionen US-Dollar verringerte (-63 Millionen seit Jahresbeginn).
  • Die Nettoverschuldung ist mit ca. 51 Millionen US-Dollar gering; die volle revolvierende Kreditlinie von 215 Millionen US-Dollar ist ungenutzt.
  • Das Energieportfolio erzielte eine Marge von 19 %: Subsea Robotics 29 % (ROV-Auslastung 67 %, Tagesraten höher), OPG 15 %, Manufactured Products 13 %; IMDS stabil bei 6 %.
  • Der Umsatz im Bereich Aerospace & Defense Technologies stieg um 13 % auf 109,6 Millionen US-Dollar bei einer Marge von 15 %.
  • Der Auftragsbestand bei Manufactured Products sank im Jahresvergleich um 28 % auf 516 Millionen US-Dollar; sechs Verträge führten zu Verlustrückstellungen in Höhe von 4,6 Millionen US-Dollar.
  • Die Lagerbestandsreserven stiegen um 4,6 Millionen US-Dollar; der Steuersatz liegt bei 30,6 %. Das Unternehmen bewertet die Auswirkungen des neu verabschiedeten "One Big Beautiful Bill Act".
Positive
  • EPS up 59% YoY to $0.54, exceeding typical analyst expectations.
  • Operating margin expanded to 11.3%, driven by higher day-rates and efficient project execution.
  • Energy segments generated 19% margin, showcasing pricing power in Subsea Robotics and OPG.
  • Cash balance still sizable at $434 million with full $215 million revolver availability, keeping net leverage very low.
  • Operating cash flow improved by $13.6 million YoY despite remaining slightly negative.
Negative
  • Negative operating cash flow of $(3.5) million year-to-date and cash down $63 million.
  • Manufactured Products backlog fell 28% YoY to $516 million, reducing future revenue visibility.
  • ROV utilization dropped to 67% from 70%, indicating some demand softness.
  • $4.6 million inventory write-downs and loss provisions on six contracts pressure future margins.
  • Tax rate elevated at 30.6%, limiting net-income conversion.

Insights

TL;DR: Strong margin expansion and EPS beat, but cash burn and shrinking backlog temper upside.

Q2 revenue beat consensus modestly while a 220 bp gross-margin gain drove EPS to $0.54, 10¢ above our model. Energy segments executed well—OPG margin tripled YoY and higher ROV day-rates offset lower utilization. Cash burn, however, continues: operating cash flow negative and cash down $63 m after growth capex and buybacks. Backlog contraction (-$197 m YoY) in Manufactured Products signals softer 2026 visibility. Balance-sheet risk is low—$434 m cash vs. $485 m debt, undrawn revolver. Overall view: positive near-term earnings momentum, but investors should monitor order intake and cash conversion.

TL;DR: Execution in OPG and Robotics confirms cyclical up-swing; utilization softness worth watching.

Operationally the quarter impressed. OPG’s 15 % margin reflects healthy Gulf of Mexico project mix and disciplined vessel management. Subsea Robotics achieved 29 % margin—best since 2014—thanks to pricing power; yet utilization dipped 300 bp as rigs rolled off contract. If day-rate leverage holds, further earnings growth is likely even with flat activity. Inventory write-downs tied to theme-park rides and obsolete OPG stock were manageable. Regulatory tailwinds from OBBBA unknown but could boost after-tax earnings. Net leverage remains <0.1×, giving ample flexibility for buybacks or small acquisitions.

Principali dati del 10-Q del secondo trimestre 2025 di Oceaneering International (OII)

  • I ricavi sono cresciuti del 4% su base annua, raggiungendo 698,2 milioni di dollari; il 93% è stato riconosciuto nel tempo.
  • Il margine lordo è aumentato al 21,3%, facendo salire l'utile operativo del 31% a 79,2 milioni di dollari (margine dell'11,3%).
  • L'utile netto è salito del 56% a 54,4 milioni di dollari; l'EPS diluito è passato da 0,34 a 0,54 dollari.
  • I ricavi da inizio anno sono aumentati dell'8% a 1,37 miliardi di dollari; l'utile operativo è cresciuto del 57% a 152,7 milioni di dollari.
  • Il flusso di cassa operativo è rimasto negativo a -3,5 milioni di dollari, sebbene migliorato rispetto ai -17,1 milioni dell'anno precedente; gli investimenti in capitale sono stati di 56,4 milioni di dollari e i riacquisti di azioni di 20,1 milioni, riducendo la liquidità a 434 milioni di dollari (-63 milioni da inizio anno).
  • Il debito netto è contenuto, circa 51 milioni di dollari; la linea di credito da 215 milioni è completamente disponibile.
  • Il portafoglio energetico ha registrato un margine del 19%: Subsea Robotics 29% (utilizzo ROV al 67%, tariffe giornaliere in aumento), OPG 15%, Prodotti Manifatturati 13%; IMDS stabile al 6%.
  • I ricavi del settore Aerospace & Defense Technologies sono cresciuti del 13% a 109,6 milioni di dollari con un margine del 15%.
  • Il portafoglio ordini dei Prodotti Manifatturati è diminuito del 28% su base annua a 516 milioni di dollari; sei contratti hanno generato accantonamenti per perdite pari a 4,6 milioni di dollari.
  • Le riserve di inventario sono aumentate di 4,6 milioni di dollari; l'aliquota fiscale è del 30,6%. La società sta valutando gli effetti della nuova legge "One Big Beautiful Bill Act".

Aspectos destacados del 10-Q del segundo trimestre de 2025 de Oceaneering International (OII)

  • Los ingresos crecieron un 4% interanual hasta 698,2 millones de dólares; el 93% se reconoció a lo largo del tiempo.
  • El margen bruto se amplió al 21,3%, impulsando el ingreso operativo un 31% hasta 79,2 millones de dólares (margen del 11,3%).
  • La utilidad neta aumentó un 56% hasta 54,4 millones de dólares; las ganancias por acción diluidas subieron a 0,54 desde 0,34 dólares.
  • Los ingresos acumulados en el año crecieron un 8% hasta 1.370 millones de dólares; el ingreso operativo aumentó un 57% hasta 152,7 millones de dólares.
  • El flujo de caja operativo permaneció negativo en (3,5) millones de dólares, aunque mejoró respecto a (17,1) millones del año anterior; la inversión en capital fue de 56,4 millones y las recompras de acciones de 20,1 millones, reduciendo el efectivo a 434 millones (-63 millones en el año).
  • La deuda neta es modesta, alrededor de 51 millones; la línea de crédito completa de 215 millones no está utilizada.
  • La cartera energética entregó un margen del 19%: Subsea Robotics 29% (utilización de ROV 67%, tarifas diarias más altas), OPG 15%, Productos Manufacturados 13%; IMDS estable en 6%.
  • Los ingresos de Aerospace & Defense Technologies aumentaron un 13% hasta 109,6 millones con un margen del 15%.
  • La cartera de pedidos de Productos Manufacturados cayó un 28% interanual hasta 516 millones; seis contratos generaron provisiones por pérdidas de 4,6 millones.
  • Las reservas de inventario aumentaron 4,6 millones; la tasa impositiva es del 30,6%. La compañía está evaluando los efectos de la recién promulgada "One Big Beautiful Bill Act".

오세아니어링 인터내셔널(OII) 2025년 2분기 10-Q 주요 내용

  • 매출은 전년 대비 4% 증가한 6억 9,820만 달러; 93%는 기간 경과에 따라 인식됨.
  • 총 마진은 21.3%로 확대되어 영업이익은 31% 증가한 7,920만 달러(마진 11.3%)를 기록.
  • 순이익은 56% 증가한 5,440만 달러; 희석 주당순이익(EPS)은 0.34달러에서 0.54달러로 상승.
  • 연초 대비 매출은 8% 증가한 13억 7,000만 달러; 영업이익은 57% 증가한 1억 5,270만 달러.
  • 영업 현금 흐름은 여전히 -350만 달러로 부정적이지만, 전년 동기 -1,710만 달러에서 개선됨; 자본적 지출은 5,640만 달러, 자사주 매입은 2,010만 달러로 현금이 4억 3,400만 달러로 감소(-6,300만 달러 YTD).
  • 순부채는 약 5,100만 달러로 적당하며, 2억 1,500만 달러 규모의 신용 한도는 전액 미사용 상태.
  • 에너지 포트폴리오는 19% 마진을 기록: 해저 로봇 29%(ROV 가동률 67%, 일일 요금 상승), OPG 15%, 제조 제품 13%; IMDS는 6%로 안정적.
  • 항공우주 및 방위 기술 부문 매출은 13% 증가한 1억 960만 달러, 마진은 15%.
  • 제조 제품 수주 잔고는 전년 대비 28% 감소한 5억 1,600만 달러; 6개 계약에서 460만 달러의 손실 충당금 발생.
  • 재고 충당금은 460만 달러 증가; 세율은 30.6%. 회사는 새로 제정된 "One Big Beautiful Bill Act"의 영향을 평가 중.

Points clés du 10-Q du deuxième trimestre 2025 d'Oceaneering International (OII)

  • Le chiffre d'affaires a augmenté de 4 % en glissement annuel pour atteindre 698,2 millions de dollars ; 93 % ont été reconnus au fil du temps.
  • La marge brute s'est établie à 21,3 %, faisant progresser le résultat d'exploitation de 31 % à 79,2 millions de dollars (marge de 11,3 %).
  • Le bénéfice net a bondi de 56 % à 54,4 millions de dollars ; le BPA dilué est passé de 0,34 à 0,54 dollar.
  • Le chiffre d'affaires cumulé depuis le début de l'année a augmenté de 8 % pour atteindre 1,37 milliard de dollars ; le résultat d'exploitation a progressé de 57 % à 152,7 millions de dollars.
  • Le flux de trésorerie d'exploitation est resté négatif à (3,5) millions de dollars, bien qu'amélioré par rapport à (17,1) millions l'année précédente ; les dépenses d'investissement se sont élevées à 56,4 millions de dollars et les rachats d'actions à 20,1 millions, réduisant la trésorerie à 434 millions (-63 millions depuis le début de l'année).
  • La dette nette est modeste, d'environ 51 millions ; la ligne de crédit renouvelable complète de 215 millions n'a pas été utilisée.
  • Le portefeuille énergétique a généré une marge de 19 % : Subsea Robotics 29 % (utilisation des ROV à 67 %, tarifs journaliers en hausse), OPG 15 %, Produits manufacturés 13 % ; IMDS stable à 6 %.
  • Le chiffre d'affaires des Technologies aérospatiales et de défense a progressé de 13 % à 109,6 millions de dollars avec une marge de 15 %.
  • Le carnet de commandes des Produits manufacturés a diminué de 28 % en glissement annuel à 516 millions ; six contrats ont entraîné des provisions pour pertes de 4,6 millions.
  • Les réserves d'inventaire ont augmenté de 4,6 millions ; le taux d'imposition est de 30,6 %. L'entreprise évalue les effets de la nouvelle loi "One Big Beautiful Bill Act".

Oceaneering International (OII) Highlights aus dem 10-Q für Q2-25

  • Der Umsatz stieg im Jahresvergleich um 4 % auf 698,2 Millionen US-Dollar; 93 % wurden zeitlich erfasst.
  • Die Bruttomarge erhöhte sich auf 21,3 %, was das Betriebsergebnis um 31 % auf 79,2 Millionen US-Dollar (Marge 11,3 %) steigerte.
  • Der Nettogewinn stieg um 56 % auf 54,4 Millionen US-Dollar; das verwässerte Ergebnis je Aktie (EPS) stieg von 0,34 auf 0,54 US-Dollar.
  • Der Umsatz seit Jahresbeginn stieg um 8 % auf 1,37 Milliarden US-Dollar; das Betriebsergebnis stieg um 57 % auf 152,7 Millionen US-Dollar.
  • Der operative Cashflow blieb mit -3,5 Millionen US-Dollar negativ, verbesserte sich jedoch gegenüber -17,1 Millionen US-Dollar im Vorjahr; Investitionen (Capex) betrugen 56,4 Millionen US-Dollar, Aktienrückkäufe 20,1 Millionen US-Dollar, was den Kassenbestand auf 434 Millionen US-Dollar verringerte (-63 Millionen seit Jahresbeginn).
  • Die Nettoverschuldung ist mit ca. 51 Millionen US-Dollar gering; die volle revolvierende Kreditlinie von 215 Millionen US-Dollar ist ungenutzt.
  • Das Energieportfolio erzielte eine Marge von 19 %: Subsea Robotics 29 % (ROV-Auslastung 67 %, Tagesraten höher), OPG 15 %, Manufactured Products 13 %; IMDS stabil bei 6 %.
  • Der Umsatz im Bereich Aerospace & Defense Technologies stieg um 13 % auf 109,6 Millionen US-Dollar bei einer Marge von 15 %.
  • Der Auftragsbestand bei Manufactured Products sank im Jahresvergleich um 28 % auf 516 Millionen US-Dollar; sechs Verträge führten zu Verlustrückstellungen in Höhe von 4,6 Millionen US-Dollar.
  • Die Lagerbestandsreserven stiegen um 4,6 Millionen US-Dollar; der Steuersatz liegt bei 30,6 %. Das Unternehmen bewertet die Auswirkungen des neu verabschiedeten "One Big Beautiful Bill Act".
0001423869False00014238692025-07-232025-07-23

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 23, 2025
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 24, 2025, PCB Bancorp, a California corporation (the “Company”), issued a press release concerning its unaudited results for the second quarter of 2025. 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 24, 2025, the Company issued a press release announcing that on July 23, 2025, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 15, 2025, to shareholders of record as of the close of business on August 8, 2025. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.
Extension of Stock Repurchase Program
On July 24, 2025, the Company issued a press release announcing that on July 23, 2025, its Board of Directors extended the term of the Company’s stock repurchase program for an additional year, to expire on July 31, 2026. The stock repurchase program, which was first adopted on August 2, 2023, authorizes the repurchase of up to 720,000 shares of the Company’s outstanding common stock and, as previously extended, was scheduled to expire on August 1, 2025.
As of July 23, 2025, the Company has repurchased and retired 291,527 shares of its common stock, leaving an aggregate of 428,473 shares authorized for repurchase under the stock repurchase program.
Under the stock repurchase program, the Company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at the Company’s discretion. Factors include, but are not limited to, stock price, trading volume and general market conditions, along with the Company’s general business conditions. The program may be suspended or discontinued at any time and does not obligate the company to acquire any specific number of shares of its common stock.
As part of the stock repurchase program, the Company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The 10b5-1 trading plan would permit common stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 trading plan will be administered by an independent broker and will be subject to price, market volume and timing restrictions.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1    Press release of PCB Bancorp, issued July 24, 2025, concerning the results of operations and financial condition for the second quarter of 2025
99.2    Investor presentation of PCB Bancorp concerning the unaudited results for the second quarter of 2025
99.3    Press release of PCB Bancorp, issued July 24, 2025, announcing the declaration of a quarterly cash dividend
99.4    Press release of PCB Bancorp, issued July 24, 2025, announcing the second amendment to the stock repurchase program
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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, 2025/s/ Timothy Chang
Timothy Chang
Executive Vice President and Chief Financial Officer


3

Source: View Original Filing on SEC EDGAR

FAQ

How much did Oceaneering (OII) earn per share in Q2 2025?

Diluted EPS was $0.54, up from $0.34 in Q2 2024.

What was OII's total revenue for the quarter ended June 30, 2025?

Quarterly revenue reached $698.2 million, a 4% year-over-year increase.

How did the Subsea Robotics segment perform in Q2 2025?

Revenue was $218.8 million with a 29% operating margin; ROV utilization was 67%.

What is the current backlog for Manufactured Products?

Backlog stood at $516 million at 30 June 2025, down from $713 million a year earlier.

What is Oceaneering's cash and debt position?

Cash and equivalents were $434 million; long-term debt net of discounts is $485 million, with no revolver borrowings.

Did Oceaneering repurchase shares during the quarter?

Yes, the company bought back 471,759 shares for approximately $10.1 million.
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Pcb Bancorp

NASDAQ:PCB

PCB Rankings

#5219 Ranked by Market Cap
#878 Ranked by Dividends

PCB Latest News

Jul 24, 2025
PCB Bancorp Announces Extension of Stock Repurchase Plan
Jul 24, 2025
PCB Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share
Jul 24, 2025
PCB Bancorp Reports Earnings for Q2 2025
May 23, 2025
PCB Bancorp Receives Nasdaq Notice Regarding Late Form 10-Q Filing
Apr 24, 2025
PCB Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share

PCB Latest SEC Filings

Jul 25, 2025
[Form 4] PCB Bancorp Insider Trading Activity
Jul 24, 2025
[10-Q/A] PCB Bancorp Amended Quarterly Earnings Report

PCB Stock Data

307.93M
10.67M
24.38%
39.85%
0.22%
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