CalPrivate Bank Q2 earnings rise on higher loan interest income

Private Bancorp of America

16/07/2026 13:11

Overview
U.S. community bank's Q2 net income and EPS rose yr/yr and sequentially
Company authorized $10 mln share repurchase program 
Credit metrics improved with declines in non-performing assets and criticized loans

Outlook
Company says competitive markets and compressed spreads on new loans may impact future growth
Company expects continued upward pressure on wages and third-party costs due to inflation
Company plans to uplist to NASDAQ in Q3 2026, pending regulatory approval

Result Drivers
NET INTEREST INCOME - Higher loan interest income drove a 2.9% increase in net interest income from the prior qtr, partially offset by higher interest expense
CREDIT LOSS PROVISION REVERSAL - Q2 included a $0.2 mln provision reversal, compared to a $2.0 mln expense in the prior qtr, reflecting net recoveries and lower delinquencies
HIGHER NONINTEREST EXPENSES - Noninterest expense rose $1.2 mln from the prior qtr, mainly due to investments in personnel and professional services for the planned NASDAQ uplisting

Company press release: ID:nGNX5sTHkx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$2.27
 
Q2 Net Income
 
$13.12 mln
 
Q2 Net Interest Income
 
$33.55 mln
 
Q2 Basic EPS
 
$2.29
 
Q2 Pretax Profit
 
$17.89 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 CalPrivate Bank is $85.00, about 6.3% above its July 15 closing price of $80.00

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)