PCB Bancorp Reports Strong Q3 2024 Growth
Company Announcements

PCB Bancorp Reports Strong Q3 2024 Growth

PCB Bancorp ( (PCB) ) has issued an announcement.

PCB Bancorp reported a robust third quarter in 2024, with a 21.6% increase in net income available to common shareholders, reaching $7.5 million, driven by strong loan growth and an expanded net interest margin. The company maintained solid credit metrics, with a stable allowance for credit losses and improved asset quality ratios. Total assets grew by 1.3% to $2.89 billion, alongside an increase in deposits and loans, setting a positive outlook for continued financial growth and strategic expansion.

See more insights into PCB stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyPCB Bancorp price target raised to $21 from $20 at Piper Sandler
TheFlyPCB Bancorp reports Q3 EPS 52c, consensus 45c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App