Earnings ·
California BanCorp reports Q3 net income of $14.0 million, or $0.43 per diluted share
BCALCalifornia BanCorp CA
California BanCorp reported third-quarter 2026 consolidated net income of $14.0 million, or $0.43 per diluted share, a decrease from $14.3 million, or $0.44 per diluted share, in the second quarter and $15.7 million, or $0.48 per diluted share, in the third quarter of 2025. Net interest income rose to $44.1 million, while provision for credit losses increased to $3.2 million due to $4.6 million in net charge-offs. The company redeemed all $35.0 million of its subordinated debt and repurchased 209,348 shares for $4.6 million under its stock repurchase program. California BanCorp is a bank holding company that operates through its subsidiary, California Bank of Commerce, providing financial services to individuals and businesses in California.