Quarterly ResultMay 7, 2026, 04:14 PM
PCB Bancorp Q1 Net Income +37.7% to $10.65M; EPS $0.74
AI Summary
PCB Bancorp reported strong first-quarter 2026 financial results, with net income increasing by 37.7% to $10.65 million and basic earnings per share rising to $0.74. The company saw a significant 10.4% increase in net interest income and a substantial decrease in the provision for credit losses. Total assets and deposits also grew compared to the end of 2025.
Key Highlights
- Net income increased 37.7% to $10.65 million for Q1 2026 from $7.74 million in Q1 2025.
- Basic earnings per common share rose 39.6% to $0.74 in Q1 2026 from $0.53 in Q1 2025.
- Net interest income grew 10.4% to $26.81 million in Q1 2026 from $24.28 million in Q1 2025.
- Provision for credit losses decreased 70.8% to $0.47 million in Q1 2026 from $1.60 million in Q1 2025.
- Total assets increased 3.5% to $3.40 billion at March 31, 2026, from $3.28 billion at December 31, 2025.
- Total deposits rose 3.3% to $2.89 billion at March 31, 2026, from $2.80 billion at December 31, 2025.
- Net loans held-for-investment increased 1.9% to $2.84 billion at March 31, 2026.
- Cash dividends declared on common stock increased 10% to $0.22 per share.
Price Impact
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