PCB Bancorp reported net income available to common shareholders of $9.0 million, or $0.62 per diluted common share, for the second quarter of 2025. This marks a 16.8% increase from the previous quarter and a 46.3% increase from the year-ago quarter, demonstrating robust profitability growth.
The company's net interest income reached $26.0 million, up 7.0% sequentially and 19.6% year-over-year, with the net interest margin expanding to 3.33%. The efficiency ratio improved to 50.63% from 53.88% in the prior quarter, indicating continued operational efficiency gains.
Total assets grew to $3.31 billion, a 3.8% increase from March 31, 2025, driven by a 2.5% increase in loans held-for-investment to $2.76 billion and a 4.0% increase in deposits to $2.82 billion. The provision for credit losses was $1.8 million, an increase from the previous quarter and the year-ago quarter.
In a strategic move, PCB Bancorp established its first full-service branch in the state of Georgia during the second quarter of 2025. This expansion is part of the company's long-term strategy to diversify its geographic footprint and tap into new markets.
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