PCB Bancorp Q2 net income rises 16% YoY on loan, deposit growth

PCB Bancorp

23/07/2026 21:31

    

    Overview
  
U.S. regional bank's Q2 net income dipped slightly sequentially, but rose year-over-year
Net interest income for Q2 increased 2.6% from prior quarter and 5.8% yr/yr
Company repurchased $3.8 mln of common stock year-to-date

    

    Outlook
  
Company did not provide specific guidance for the current qtr or full yr

    

    Result Drivers
  
LOAN AND DEPOSIT GROWTH - Co said consistent growth in loan and deposit balances supported Q2 results
NET INTEREST INCOME - Higher net interest income was driven by increases in average loan and investment securities yields and lower deposit costs
CREDIT LOSS PROVISION - Higher provision for credit losses reflected increased loans held-for-investment

    
Company press release: ID:nBw9PQg2ha

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.73
 
Q2 Net Income
 
$10.51 mln
 
Q2 Net Interest Income
 
$27.49 mln
 
Q2 Loan Loss Provision
 
$926,000
 

    

    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 $28.50, about 2.1% below its July 22 closing price of $29.10
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

    

    Reuters Recommended Reads
  
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July 23 - United Bancorp Q2 net interest income rises, partly by deposit growth

    
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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.)