California Bancorp Q3 net income rises on loan growth

California Bancorp

28/10/2025 12:12

Overview

California Bancorp Q3 net income at $15.7 mln, up from Q2 2025

Net interest margin for Q3 2025 decreased to 4.52% from 4.61% in Q2

Company repurchased 89,500 shares at $15.22 average price under buyback program

Outlook

Company plans to continue share repurchases to enhance shareholder value

Result Drivers

DEPOSIT AND LOAN GROWTH - Co reports strong deposit growth of $147.4 mln and loan originations of $158.4 mln, offset by payoffs and paydowns

DERISKING STRATEGY - Decrease in non-performing assets to total assets ratio to 0.38% from 0.46% in Q2, with no material charge-offs

CAPITAL MANAGEMENT - Co paid off $20.0 mln in high-cost subordinated notes and continued share repurchase program

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$15.68 mln
Q3 Net Interest Income
$42.51 mln
Q3 Net Interest Margin
4.52%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 California Bancorp is $19.00, about 9.4% above its October 27 closing price of $17.21

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX54fKrZ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)