West Coast Community Bancorp Q2 EPS falls on early debt redemption

West Coast Community Bancorp

21/07/2026 14:12

    

    Overview
  
California community bank's Q2 net income and EPS declined yr/yr and sequentially
EPS fell to $1.16, impacted by $0.12 from early sub debt redemption
On July 15, company raised quarterly dividend by $0.01 to $0.25 per share

    

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

    

    Result Drivers
  
SUB DEBT REDEMPTION - Early redemption of subordinated debt increased interest expense and reduced EPS by $0.12 in Q2
LOAN AND DEPOSIT GROWTH - Higher loan and deposit balances, especially in commercial and CRE loans, supported interest income
NONINTEREST INCOME DROP - Absence of Q1 gain on sale of non-core loans and special dividend led to lower noninterest income in Q2

    
Company press release: ID:nGNX41kVtZ

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$1.16
 
Q2 Net Interest Income
 
$33.10 mln
 
Q2 Net Interest Margin
 
4.92%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 West Coast Community Bancorp is $57.00, about 5.2% above its July 17 closing price of $54.19
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
July 20 - RBB Bancorp Q2 net interest income falls from prior quarter on higher interest expense
July 20 - MainStreet Bancshares Q2 profit rises on higher interest margin
July 21 - Capital City Bank's Q2 net income rises, loan balances dip

    
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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.)