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California Bancorp Q1 FY26 net income falls 18.7% to $13.8 million

PUBT·04/28/2026 12:08:10
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California Bancorp Q1 FY26 net income falls 18.7% to $13.8 million
  • California BanCorp posted first-quarter net income of $13.8 million, down 15.98%, with diluted EPS of $0.42.
  • Net interest income slipped to $42.1 million, while net interest margin widened 0.03 percentage points to 4.47%.
  • Reversal of provision for credit losses narrowed to $381,000 from $4.4 million.
  • Nonperforming assets ratio climbed to 0.97% from 0.4%, driven by two borrower relationships moving from substandard accrual to nonaccrual.
  • Management said merger delivered a stronger balance sheet and statewide footprint across California, while investing in production talent to drive organic growth.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604280800PRIMZONEFULLFEED9708116) on April 28, 2026, and is solely responsible for the information contained therein.