Quarterly ResultAug 7, 2026, 04:29 PM
California BanCorp Q2 Net Income $14.3M, EPS $0.44
AI Summary
California BanCorp reported a slight increase in net income for the second quarter of 2026, reaching $14.3 million, or $0.44 per basic share, compared to $14.1 million, or $0.43 per basic share, in Q2 2025. For the first six months of 2026, net income decreased to $28.1 million, or $0.87 per basic share, from $31.0 million, or $0.96 per basic share, in the prior year. Net interest income saw an increase for both periods, while the company recorded a provision for credit losses in 2026, contrasting with a reversal in 2025. Total assets and deposits remained relatively stable.
Key Highlights
- Q2 2026 net income was $14.3 million, up from $14.1 million in Q2 2025.
- Q2 2026 basic EPS was $0.44, up from $0.43 in Q2 2025.
- H1 2026 net income was $28.1 million, down from $31.0 million in H1 2025.
- H1 2026 basic EPS was $0.87, down from $0.96 in H1 2025.
- Q2 2026 net interest income increased to $43.4 million from $41.4 million.
- Total assets were $4.025 billion at June 30, 2026.
- Total deposits were $3.359 billion at June 30, 2026.
- Allowance for credit losses on loans increased to $34.9 million.
Price Impact
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