| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 45.18 | 2.1% | 18.5% |
| Total Income | 45.18 | 2.1% | 18.5% |
| Expenditure | 23.37 | 3.4% | 61.5% |
| PBT | 21.82 | 8.7% | 196.8% |
| Net Profit | 15.68 | 11.2% | 195.3% |
| OPM | — | ||
| NPM | 34.71% | 2.87pp | 77.91pp |
| EPS | 0.48 | 11.6% | 181.4% |
California BanCorp Reports Q3 2025 Net Income of $15.7 Million
04 May 2026 · 4 May, 8:44 am
Summary
California BanCorp announced a net income of $15.7 million for Q3 2025, an increase from $14.1 million in the previous quarter. The company experienced strong deposit growth of $147.4 million and loan originations of $158.4 million. The non-performing assets ratio improved to 0.38%. The company also redeemed $20.0 million in subordinated notes and saw an increase in tangible book value per common share.
Key Highlights
- 1
California BanCorp reported net income of $15.7 million, or $0.48 per diluted share, for the third quarter of 2025.
- 2
Total deposits increased by $147.4 million, reaching $3.46 billion at September 30, 2025.
- 3
Loan originations were strong at $158.4 million, offset by payoffs and paydowns.
- 4
The non-performing assets to total assets ratio decreased to 0.38% at September 30, 2025.
- 5
The company redeemed subordinated notes at par value aggregating $20.0 million for the third quarter.
- 6
Tangible book value per common share increased to $13.39 at September 30, 2025, up $0.57 from June 30, 2025.
- 7
Total assets reached $4.10 billion at September 30, 2025, compared with $3.95 billion at June 30, 2025.
Management Comments
David Rainer
We are very pleased to report our third quarter 2025 earnings of $15.7 million, with strong deposit growth of $147.4 million, as well as strong loan originations of $158.4 million, with the latter largely offset by payoffs and paydowns, as we wind down the derisking of our consolidated balance sheet. The progress in our derisking is further reflected in the decrease of our non-performing assets to total assets ratio to 0.38% at September 30, 2025, from 0.46% at June 30, 2025, and 0.76% at December 31, 2024, with no material charge-offs in the third quarter. We continue to prioritize our focus on our core roots as a relationship-based business bank. We have a solid capital position and have implemented the share repurchase program we originally announced in 2023 and increased in May 2025, opportunistically deploying capital for share repurchases in line with the parameters of the program. We also paid off high-cost subordinated notes of $20.0 million in the third quarter, after paying off $18.0 million in the second quarter. We look to continue deploying our capital with an eye to protecting and increasing shareholder value.
Steven Shelton
It has now been over a year since the close of our merger of equals and we believe the results we have reported over the last four quarters are evidence of its financial benefit to our shareholders, and we remain dedicated to our strategy of building a state-wide California commercial banking franchise. While there is still an element of economic uncertainty in the business community related to tariffs and trade negotiations, the economy has been resilient so far, and we are optimistic about our future as we continue to provide the outstanding service our clients have come to expect from us.”
Informational and educational content only. Not investment advice.