PCB Bancorp's Q4 net income rises

Overview

• California bank's Q4 net income rises yr/yr to $9.1 mln

• Company's net interest margin steady at 3.28% despite deposit rate challenges

• Q4 deposits fall due to reduced brokered and retail deposits

Outlook

• Company sees strong loan pipeline heading into 2026

• Company maintains net interest margin at 3.28% despite market rate changes

Result Drivers

• STRONG LOAN DEMAND - Co experienced strong loan demand, contributing to a $70 mln increase in loans held-for-investment

• DEPOSIT DECREASE - Deposits fell $118 mln due to a $100 mln reduction in brokered deposits and $18 mln in retail deposits

• STEADY NET INTEREST MARGIN - Co maintained net interest margin at 3.28% despite elevated deposit rates and recent rate cuts

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for PCB Bancorp is $25.25, about 17.2% above its January 28 closing price of $21.54

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw82tJvra

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