Quarterly ResultMay 8, 2026, 04:17 PM
California BanCorp Q1 Net Income $13.79M, EPS $0.42
AI Summary
California BanCorp reported a net income of $13.79 million for the first quarter of 2026, a decrease from $16.85 million in the prior year. Diluted earnings per share fell to $0.42 from $0.52 year-over-year. Net interest income remained relatively stable at $42.08 million, while total assets increased slightly to $4.05 billion and total deposits grew to $3.39 billion.
Key Highlights
- Net income for Q1 2026 was $13.79 million, down 18.17% from $16.85 million in Q1 2025.
- Diluted earnings per share for Q1 2026 was $0.42, a decrease from $0.52 in Q1 2025.
- Net interest income for Q1 2026 was $42.08 million, a slight decrease from $42.26 million in Q1 2025.
- Total assets increased to $4.05 billion at March 31, 2026, from $4.03 billion at December 31, 2025.
- Total deposits grew to $3.39 billion at March 31, 2026, up from $3.37 billion at December 31, 2025.
- Loans held for investment, net, decreased to $2.94 billion at March 31, 2026, from $3.00 billion at December 31, 2025.
- Total interest and dividend income decreased by 5.35% to $53.79 million in Q1 2026.
- Noninterest expense increased by 2.38% to $25.51 million in Q1 2026.
Price Impact
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