CalPrivate Bank Q1 net income rises 14% on deposit growth, higher margin

Private Bancorp of America

17/04/2026 13:10

Overview

U.S. community bank's Q1 net income and diluted EPS rose yr/yr and sequentially

Company completed $3 mln share repurchase during Q1

Core deposit growth and higher net interest margin supported earnings improvement

Outlook

Company says it remains focused on disciplined underwriting and portfolio management amid competitive credit markets

CalPrivate Bank expects inflation and low unemployment to keep upward pressure on wages and third-party costs

Company says it will continue investing in technology, marketing and staffing to support growth

Result Drivers

CORE DEPOSIT GROWTH - Co said seasonally strong core deposit growth was driven by onboarding new client relationships

NET INTEREST MARGIN EXPANSION - Net interest margin increased, supported by lower deposit costs, nonaccrual interest adjustments, and a special FHLB stock dividend

SBA LOAN SALES - Higher noninterest income was driven by increased SBA loan sales after delays in the prior quarter

Company press release: ID:nGNXb8t48J

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$2.07
Q1 Net Income
$12.03 mln
Q1 Net Interest Income
$32.61 mln
Q1 Basic EPS
$2.10
Q1 Pretax Profit
$16.85 mln
Q1 Provision for Credit Losses
$2.02 mln


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 CalPrivate Bank is $73.00, about 6.5% above its April 16 closing price of $68.53

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.)