Pacific Valley Bancorp Q1 net income rises on higher overnight fund interest

Pacific Valley Bank

27/04/2026 18:30

Overview

California business bank's Q1 net income rose 49.7% from prior quarter

Loans and deposits grew 7.7% and 12% yr/yr, respectively

Company completed relocation of Salinas branch to expanded location

Result Drivers

HIGHER INTEREST INCOME - Co said increased interest income from overnight funds and loans contributed to higher net income

LOAN AND DEPOSIT GROWTH - Co attributed loan growth to increased C&I, agricultural real estate, and CRE lending; deposit growth was driven by higher money market and checking accounts

LOWER COST OF DEPOSITS - Co said deposit costs declined due to Federal Reserve rate cuts

Company press release: ID:nPn3F5x3ra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$1.2 mln
Q1 Net Interest Income
$5.7 mln
Q1 Basic EPS
$0.20
Q1 Net Interest Margin
3.75%


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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.)