Recent Updates — BCAL
July 27, 2026View Source ↗
California BanCorp reported second quarter 2026 net income of $14.3 million, or $0.44 per diluted share, exceeding the $13.8 million reported in the first quarter. The company achieved a net interest margin of 4.71% and saw total loans increase by $113.7 million to $3.11 billion. Nonperforming assets to total assets improved significantly, decreasing from 0.97% in the prior quarter to 0.44%. Additionally, the Board of Directors approved a quarterly cash dividend of $0.12 per share, representing a $0.02 increase from the previous quarter. California BanCorp is a bank holding company that provides financial products and services through its subsidiary, California Bank of Commerce.