California BanCorp reported a net income of $15.7 million for the third quarter of 2025, translating to earnings per diluted share of $0.48. The result represents an 11% quarter‑over‑quarter increase from the $14.1 million net income reported for Q2 2025, or $0.43 per diluted share. Net interest income rose to $42.5 million from $41.4 million in Q2, while non‑interest income – which includes fee income – fell to $12.3 million from $13.1 million, indicating a shift in the company’s income mix. The earnings beat analyst expectations of $0.39 per share and marked a turnaround from a $16.5 million net loss, or $0.59 per diluted share, in Q3 2024. California BanCorp’s total assets stood at $4.10 billion, with deposits of $3.46 billion and a net interest margin of 4.52%. The company also completed share repurchases and redeemed high‑cost subordinated notes during the quarter, underscoring its focus on capital management and shareholder value. The results support the bank’s strategy of organic growth and asset quality improvement following the July 2024 merger of equals between Southern California Bancorp and California BanCorp, which closed on July 31, 2024 and resulted in the combined entity adopting the California BanCorp name and the BCAL ticker.
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