PCB Bancorp ( (PCB) ) has released its Q1 earnings. Here is a breakdown of the information PCB Bancorp presented to its investors.
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PCB Bancorp, a holding company for PCB Bank, provides a range of commercial banking services primarily in Southern California, focusing on Korean-American and other minority communities. In its latest earnings report for the first quarter of 2025, PCB Bancorp announced a net income of $7.7 million, marking a significant increase from both the previous quarter and the same period last year. The company’s financial performance was highlighted by growth in net interest income, which rose to $24.3 million, and a net interest margin increase to 3.28%. Total assets grew to $3.18 billion, reflecting a robust expansion in loans and deposits. Despite a decrease in noninterest income, the bank maintained strong credit quality with a provision for credit losses of $1.6 million, down from the previous quarter. Looking ahead, PCB Bancorp remains optimistic about its growth trajectory, despite uncertainties in the economic environment. The management is confident in its ability to continue expanding its balance sheet, enhancing profitability, and increasing shareholder value.