California BanCorp (NASDAQ: BCAL) reported net income of $14.1 million, or $0.43 per diluted share, for the second quarter of 2025. This compares to net income of $16.9 million, or $0.52 per diluted share, in the first quarter of 2025.
Despite the sequential decrease in net income, the company's revenue for the second quarter reached $44.9 million, representing a substantial 133% increase compared to the second quarter of 2024. This significant year-over-year growth reflects the expanded operational scale following the merger.
The reported net income for Q2 2025 is a notable improvement from the $190 thousand net income reported in the second quarter of 2024. The results indicate continued integration and operational activity post-merger, with a focus on leveraging the expanded asset base.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.