California BanCorp (BCAL) SEC Filings & Earnings Calls
EquiReason read 15 California BanCorp SEC filings in the last 12 months. Latest: 10-Q on 2026-08-07 — California BanCorp reported Q2 2026 net income of $14.3M, up from $13.8M in Q1 2026, with NIM expanding 24 bps QoQ to 4.71%..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 708.6M
- P/E TTM
- 11.9
- Dividend yield
- 1.4%
- 52-week
- —
- Next earnings
- 26 Oct, in 2 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
7 Aug 202610-QCalifornia BanCorp reported Q2 2026 net income of $14.3M, up from $13.8M in Q1 2026, with NIM expanding 24 bps QoQ to 4.71%.earningsopen
Figures in the filing · each found in the filing text
| Net interest margin · Q2-2026 | 4.7% | |
| Efficiency ratio · Q2-2026 | 54.2% | |
| Return on average tangible common equity · Q2-2026 | 12.6% | |
| Return on average assets · Q2-2026 | 1.4% | |
| Return on average equity · Q2-2026 | 9.8% | |
| Cost of deposits · Q2-2026 | 1.3% | |
| Cost of funds · Q2-2026 | 1.4% | |
| Net interest income · Q2-2026 | $43M | +3% y/y |
| Pre-tax pre-provision income · Q2-2026 | $21M | |
| Net income · Q2-2026 | $14M | +4% y/y |
Risks flagged
Credit loss provision increase
“The Company recorded a provision for credit losses of $714 thousand for the second quarter of 2026, compared with a reversal of provision for credit losses of $381 thousand in the prior quarter.” · word for word
Deposit cost competition
“The cost of total interest-bearing deposits increased 8 basis points, driven primarily by changes in the Company’s deposit mix and overall competition for deposits driving market deposit rates upward in the second quarter of 2026.”
Commercial real estate concentration
“Approximately 61.3% of our total loan portfolio, including loans held for sale, was comprised of commercial real estate loans as of June 30, 2026” · word for word
27 Jul 20268-K · 2.02, 7.01, 8.01California BanCorp increased quarterly dividend by $0.02 to $0.12 per share, reflecting strong earnings and capital position.open
Figures in the filing · each found in the filing text
| Net income · Q2-2026 | $14M | +4% y/y |
| Diluted earnings per share · Q2-2026 | $0.44 | +5% y/y |
| Net interest margin · Q2-2026 | 4.7% | |
| Return on average assets · Q2-2026 | 1.4% | |
| Return on average common equity · Q2-2026 | 9.8% | |
| Return on average tangible common equity (non-GAAP) · Q2-2026 | 12.6% | |
| Total loans · Q2-2026 | $3.11B | +4% y/y |
| Nonperforming assets to total assets ratio · Q2-2026 | 0.4% | |
| Allowance for credit losses to total loans held for investment · Q2-2026 | 1.2% | |
| Cost of deposits · Q2-2026 | 1.3% |
Risks flagged
Deposit cost pressure persists as cost of deposits increased to 1.31% from 1.29%.
“Cost of deposits was 1.31%, compared to 1.29% in the prior quarter.” · word for word
Provision for credit losses increased to $714K from a reversal of $381K, indicating potential credit normalization.
“Provision for credit losses of $714 thousand for the second quarter, compared with reversal of provision for credit losses of $381 thousand for the prior quarter.” · word for word
28 May 20268-K · 5.02, 5.07, 8.01Dividend Per Share $0.10open
Figures in the filing · each found in the filing text
| Dividend Per Share · Q2-2026 | $0.10 |
8 May 202610-QNet interest margin 4.47; Efficiency ratio (non-GAAP) 57.69; Pre-tax pre-provision income (non-GAAP) $19M (-6% y/y)open
Figures in the filing · each found in the filing text
| Net interest margin · Q1-2026 | 4.5% | |
| Efficiency ratio (non-GAAP) · Q1-2026 | 57.7% | |
| Pre-tax pre-provision income (non-GAAP) · Q1-2026 | $19M | -6% y/y |
| Return on average tangible common equity (non-GAAP) · Q1-2026 | 12.4% | |
| Tangible book value per share (non-GAAP) · 2026-03-31 | $13.97 | |
| Allowance for loan losses to total loans · 2026-03-31 | 1.1% | |
| Net interest income · Q1-2026 | $42M | -0% y/y |
| Net income · Q1-2026 | $14M | -18% y/y |
Risks flagged
Nonaccrual loan increase
“Total LHFI nonaccrual loans increased $14.5 million during the three months ended March 31, 2026 to $30.6 million.” · word for word
Loan portfolio contraction
“Total LHFI were $2.97 billion...a decrease of $61.1 million from $3.03 billion at December 31, 2025.”
5 May 20268-K · 7.01California BanCorp disclosed that two nonaccrual loans secured by a 123-acre event venue property in Los Angeles were fully repaid after a cash sale of the property. This resolves credit risk on those loans.open
Risks flagged
No new risks; prior nonaccrual exposure resolved.
“Loans fully repaid.”
28 Apr 20268-K · 2.02, 7.01Net income $14M (-18% y/y); Diluted earnings per share $0.42 (-19% y/y); Net interest margin 4.47earningsopen
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $14M | -18% y/y |
| Diluted earnings per share · Q1-2026 | $0.42 | -19% y/y |
| Net interest margin · Q1-2026 | 4.5% | |
| Return on average assets · Q1-2026 | 1.4% | |
| Return on average common equity · Q1-2026 | 9.6% | |
| Nonperforming assets to total assets ratio · Q1-2026 | 1.0% | |
| Allowance for credit losses to total loans · Q1-2026 | 1.2% | |
| Cost of deposits · Q1-2026 | 1.3% | |
| Tangible book value per common share · Q1-2026 | $13.97 | |
| Dividend per common share · Q1-2026 | $0.10 |
Risks flagged
Sharp increase in nonperforming assets from 0.40% to 0.97% signals credit quality deterioration
“Nonperforming assets to total assets ratio of 0.97% at March 31, 2026, compared with 0.40% at December 31, 2025” · word for word
Net income and ROE declining YoY, indicating earnings pressure
“Net income $13.8M vs $16.9M YoY; ROE 9.62% vs 11.43% prior quarter”
14 Apr 2026DEF 14ACalifornia BanCorp filed its 2026 proxy statement, disclosing executive compensation, a new equity incentive plan, and shareholder voting items.open
Figures in the filing · each found in the filing text
| Shares Outstanding · 2026-04-02 | 32,152,298 | |
| CEO Base Salary · 2026-03-01 | $750000.00 | |
| CEO RSU Grant Value · 2026-03-01 | $1M | |
| Shares Reserved Under 2026 Plan · 2026-04-13 | 1,600,000 | |
| Potential Dilution from 2026 Plan · 2026-04-10 | 4.7% | |
| Director Annual Retainer · 2025-12-31 | $110000.00 | |
| CEO Total Compensation 2025 · FY2025 | $3M | |
| Former CEO Separation Payment · 2025-12-31 | $996400.00 | |
| Former CEO SERP Vested Benefit · 2025-12-31 | $2M | |
| Wellington Management Ownership · Wellington Management Group LLP · 2026-04-02 | 9.0% |
Risks flagged
Loan and deposit growth shortfall
“With respect to 2025, we achieved all of our goals, with the exception of the metrics related to loan and deposit growth.” · word for word
Concentrated ownership risk
“Five institutional/individual holders own more than 5% of shares, indicating concentrated institutional ownership.”
CEO succession risk
“CEO David Rainer is 69 years old and has a three-year employment agreement with a transition to Executive Director role.”
13 Mar 202610-KRisks named: Interest rate risk, CRE concentration, Geographic concentration, Litigation exposureopen
Risks flagged
Interest rate risk
“challenges related to changes in interest rates and the impact on our consolidated financial condition and consolidated results of operations” · word for word
CRE concentration
“concentration of our loan portfolio in loans secured by real estate and changes in the prices, values and sales volumes of commercial and residential real estate” · word for word
Geographic concentration
“concentration of our business activities within the geographic area of California” · word for word
Litigation exposure
“During the year ended December 31, 2025, the Company recorded litigation settlements of $2.0 million related to employment litigation matters.” · word for word
Natural disaster risk
“severe weather, natural disasters, including earthquakes, floods, droughts, and fires, particularly in California” · word for word
18 Feb 20268-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Key person dependency on CEO; severance provisions could create cost in change of control
“Severance includes 36 months base salary plus bonus multiple in change of control.”
28 Jan 20268-K · 2.02, 7.01Net income $16M; Diluted earnings per share $0.50; Net interest margin 4.44earningsopen
Figures in the filing · each found in the filing text
| Net income · Q4-2025 | $16M | |
| Diluted earnings per share · Q4-2025 | $0.50 | |
| Net interest margin · Q4-2025 | 4.4% | |
| Total loans · 2025-12-31 | $3.06B | |
| Total deposits · 2025-12-31 | $3.37B | |
| Cost of deposits · Q4-2025 | 1.4% | |
| Tangible book value per common share (Non-GAAP) · 2025-12-31 | $13.79 | |
| Return on average assets · Q4-2025 | 1.6% | |
| Return on average common equity · Q4-2025 | 11.4% | |
| Efficiency ratio (Non-GAAP) · FY2025 | 56.1% |
Risks flagged
Credit risk is low with a reversal of provision and nonperforming assets ratio of 0.40%.
“Nonperforming assets to total assets ratio of 0.40% at December 31, 2025; reversal of provision for credit losses of $4.4 million.” · word for word
7 Jan 20268-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
Leadership transition risk; CEO departure may affect strategic continuity.
“CEO retired; new CEO is Chairman, no change in compensation.”
8 Dec 20258-K · 8.01Dividend per share $0.10open
Figures in the filing · each found in the filing text
| dividend per share · Q1-2026 | $0.10 |
7 Nov 202510-QCalifornia BanCorp reported Q3 2025 net income of $15.7M, a significant turnaround from a net loss of $16.5M in Q3 2024, driven by higher NII and a provision reversal.earningsopen
Figures in the filing · each found in the filing text
| Net interest income · Q3-2025 | $43M | +15% y/y |
| Net income (loss) · Q3-2025 | $16M | |
| Provision for credit losses · Q3-2025 | $-15000.00 | |
| Total deposits · 2025-09-30 | $3.46B | |
| Loans held for investment · 2025-09-30 | $2.99B | |
| Earnings per share (diluted) · Q3-2025 | $0.48 | |
| Book value per share (tangible) · 2025-09-30 | $47.71 | |
| Efficiency ratio · Q3-2025 | 52.5% |
Risks flagged
Credit risk from prior acquisitions
“Prior year large provision of $23.0M related to acquired loan portfolio; current reversal indicates stabilization but risk remains.”
Interest rate risk
“Changes in interest rates could impact net interest margin and the value of the securities portfolio.”
Concentration in California real estate
“Concentration of our loan portfolio in loans secured by real estate and changes in the prices, values and sales volumes of commercial and residential real estate.” · word for word
28 Oct 20258-K · 2.02, 7.01Net income $16M; Net interest margin 4.52; Efficiency ratio 51.75earningsopen
Figures in the filing · each found in the filing text
| Net income · Q3-2025 | $16M | |
| Net interest margin · Q3-2025 | 4.5% | |
| Efficiency ratio · Q3-2025 | 51.8% | |
| Tangible book value per common share · Q3-2025 | $13.39 | |
| Cost of deposits · Q3-2025 | 1.6% | |
| Total deposits · Q3-2025 | $3.46B |
Risks flagged
Economic uncertainty from tariffs and trade negotiations may impact business community.
“CEO commentary: 'element of economic uncertainty...related to tariffs and trade negotiations'”
California BanCorp — questions
- What did California BanCorp file recently?
- 15 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-07 — California BanCorp reported Q2 2026 net income of $14.3M, up from $13.8M in Q1 2026, with NIM expanding 24 bps QoQ to 4.71%.
Every figure on this page comes from California BanCorp's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.