Annual Income Statements for California BanCorp
This table shows California BanCorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for California BanCorp
This table shows California BanCorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
4.41 |
4.94 |
0.19 |
-16 |
17 |
17 |
14 |
16 |
16 |
14 |
14 |
| Consolidated Net Income / (Loss) |
|
4.41 |
4.94 |
0.19 |
-16 |
17 |
17 |
14 |
16 |
16 |
14 |
14 |
| Net Income / (Loss) Continuing Operations |
|
4.41 |
4.94 |
0.19 |
-16 |
17 |
17 |
14 |
16 |
16 |
14 |
14 |
| Total Pre-Tax Income |
|
6.29 |
7.26 |
0.28 |
-23 |
23 |
24 |
20 |
22 |
22 |
19 |
20 |
| Total Revenue |
|
22 |
22 |
22 |
38 |
46 |
45 |
44 |
45 |
46 |
44 |
45 |
| Net Interest Income / (Expense) |
|
23 |
20 |
21 |
37 |
45 |
42 |
41 |
43 |
43 |
42 |
43 |
| Total Interest Income |
|
33 |
31 |
32 |
54 |
63 |
57 |
56 |
57 |
56 |
54 |
55 |
| Loans and Leases Interest Income |
|
30 |
29 |
29 |
48 |
55 |
51 |
49 |
49 |
47 |
46 |
48 |
| Investment Securities Interest Income |
|
1.34 |
1.52 |
1.54 |
1.99 |
2.00 |
1.83 |
2.06 |
2.44 |
2.70 |
3.08 |
3.83 |
| Deposits and Money Market Investments Interest Income |
|
0.88 |
0.85 |
0.90 |
4.10 |
5.16 |
3.80 |
4.00 |
5.42 |
5.48 |
4.14 |
2.42 |
| Other Interest Income |
|
0.37 |
0.31 |
0.36 |
0.51 |
0.60 |
0.51 |
0.65 |
0.61 |
0.57 |
0.94 |
0.71 |
| Total Interest Expense |
|
10 |
11 |
11 |
17 |
18 |
15 |
14 |
15 |
13 |
12 |
12 |
| Deposits Interest Expense |
|
8.94 |
9.79 |
10 |
16 |
17 |
13 |
13 |
14 |
13 |
11 |
11 |
| Long-Term Debt Interest Expense |
|
1.07 |
0.98 |
0.66 |
1.03 |
1.39 |
1.39 |
1.43 |
1.11 |
0.70 |
0.70 |
0.70 |
| Total Non-Interest Income |
|
-0.10 |
1.41 |
1.17 |
1.17 |
1.00 |
2.57 |
2.86 |
2.67 |
3.00 |
2.14 |
1.55 |
| Other Service Charges |
|
0.29 |
0.21 |
0.36 |
-0.45 |
0.44 |
0.20 |
1.07 |
0.62 |
1.12 |
0.44 |
-0.09 |
| Net Realized & Unrealized Capital Gains on Investments |
|
0.79 |
0.42 |
-0.02 |
0.09 |
-1.17 |
0.72 |
0.10 |
0.07 |
0.28 |
0.08 |
0.05 |
| Other Non-Interest Income |
|
-1.19 |
0.79 |
0.83 |
1.53 |
1.73 |
1.65 |
1.68 |
1.98 |
1.59 |
1.62 |
1.59 |
| Provision for Credit Losses |
|
0.82 |
-0.33 |
2.89 |
23 |
-3.84 |
-3.78 |
-0.63 |
-0.02 |
-4.40 |
-0.38 |
0.71 |
| Total Non-Interest Expense |
|
15 |
15 |
19 |
38 |
26 |
25 |
25 |
23 |
28 |
26 |
24 |
| Salaries and Employee Benefits |
|
9.60 |
9.61 |
8.78 |
15 |
16 |
16 |
15 |
15 |
16 |
17 |
16 |
| Net Occupancy & Equipment Expense |
|
2.84 |
2.60 |
2.63 |
3.57 |
4.27 |
4.09 |
3.93 |
3.97 |
4.22 |
3.95 |
4.02 |
| Property & Liability Insurance Claims |
|
0.32 |
0.39 |
0.35 |
0.54 |
0.44 |
0.72 |
0.55 |
0.51 |
0.51 |
0.53 |
0.54 |
| Other Operating Expenses |
|
2.51 |
1.77 |
6.70 |
2.89 |
3.64 |
3.30 |
4.12 |
3.24 |
5.82 |
3.68 |
3.44 |
| Amortization Expense |
|
0.08 |
0.07 |
0.07 |
0.69 |
1.06 |
0.95 |
0.95 |
0.95 |
0.95 |
0.80 |
0.80 |
| Income Tax Expense |
|
1.88 |
2.32 |
0.09 |
-6.06 |
6.48 |
6.82 |
5.98 |
6.13 |
5.97 |
5.30 |
5.55 |
| Basic Earnings per Share |
|
$0.23 |
$0.27 |
$0.01 |
($0.59) |
$0.53 |
$0.52 |
$0.43 |
$0.48 |
$0.52 |
$0.43 |
$0.44 |
| Weighted Average Basic Shares Outstanding |
|
0.00 |
18.53M |
18.55M |
32.17M |
32.40M |
32.41M |
32.52M |
32.32M |
32.33M |
32.16M |
32.15M |
| Diluted Earnings per Share |
|
$0.24 |
$0.26 |
$0.01 |
($0.59) |
$0.54 |
$0.52 |
$0.43 |
$0.48 |
$0.50 |
$0.42 |
$0.44 |
| Weighted Average Diluted Shares Outstanding |
|
0.00 |
18.53M |
18.55M |
32.17M |
32.40M |
32.41M |
32.52M |
32.32M |
32.33M |
32.16M |
32.15M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
18.53M |
18.55M |
32.17M |
32.40M |
32.41M |
32.52M |
32.32M |
32.33M |
32.16M |
32.15M |
Annual Cash Flow Statements for California BanCorp
This table details how cash moves in and out of California BanCorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
2023 |
2024 |
2025 |
| Net Change in Cash & Equivalents |
0.03 |
301 |
12 |
| Net Cash From Operating Activities |
33 |
50 |
57 |
| Net Cash From Continuing Operating Activities |
33 |
50 |
57 |
| Net Income / (Loss) Continuing Operations |
26 |
5.43 |
63 |
| Consolidated Net Income / (Loss) |
26 |
5.43 |
63 |
| Provision For Loan Losses |
0.92 |
22 |
-8.82 |
| Depreciation Expense |
1.53 |
1.76 |
1.82 |
| Amortization Expense |
-1.32 |
-11 |
-19 |
| Non-Cash Adjustments to Reconcile Net Income |
6.91 |
10 |
16 |
| Changes in Operating Assets and Liabilities, net |
-0.84 |
22 |
4.30 |
| Net Cash From Investing Activities |
-79 |
525 |
30 |
| Net Cash From Continuing Investing Activities |
-79 |
525 |
30 |
| Purchase of Property, Leasehold Improvements and Equipment |
-0.30 |
-0.55 |
-0.35 |
| Purchase of Investment Securities |
-68 |
328 |
-123 |
| Sale and/or Maturity of Investments |
48 |
116 |
55 |
| Other Investing Activities, net |
-59 |
82 |
98 |
| Net Cash From Financing Activities |
46 |
-274 |
-75 |
| Net Cash From Continuing Financing Activities |
46 |
-274 |
-75 |
| Net Change in Deposits |
12 |
-188 |
-28 |
| Repayment of Debt |
-57 |
-85 |
-38 |
| Repurchase of Common Equity |
-0.89 |
-1.97 |
-6.03 |
| Payment of Dividends |
- |
0.00 |
-3.25 |
| Other Financing Activities, Net |
0.13 |
0.95 |
0.13 |
| Cash Interest Paid |
29 |
52 |
58 |
| Cash Income Taxes Paid |
12 |
2.89 |
9.78 |
Quarterly Cash Flow Statements for California BanCorp
This table details how cash moves in and out of California BanCorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| Net Change in Cash & Equivalents |
|
-8.33 |
-0.25 |
18 |
510 |
-226 |
51 |
-9.10 |
129 |
-159 |
11 |
-146 |
| Net Cash From Operating Activities |
|
-8.44 |
8.05 |
0.31 |
18 |
24 |
6.98 |
13 |
16 |
21 |
8.54 |
15 |
| Net Cash From Continuing Operating Activities |
|
-8.44 |
8.05 |
0.31 |
18 |
24 |
6.98 |
13 |
16 |
21 |
8.54 |
15 |
| Net Income / (Loss) Continuing Operations |
|
4.41 |
4.94 |
0.19 |
-16 |
17 |
17 |
14 |
16 |
16 |
14 |
14 |
| Consolidated Net Income / (Loss) |
|
4.41 |
4.94 |
0.19 |
-16 |
17 |
17 |
14 |
16 |
16 |
14 |
14 |
| Provision For Loan Losses |
|
0.82 |
-0.33 |
2.89 |
24 |
-3.84 |
-3.78 |
-0.63 |
-0.02 |
-4.40 |
-0.38 |
0.71 |
| Depreciation Expense |
|
0.36 |
0.37 |
0.37 |
0.48 |
0.54 |
0.55 |
0.46 |
0.42 |
0.40 |
0.37 |
0.34 |
| Amortization Expense |
|
-0.42 |
-0.67 |
-0.47 |
-4.30 |
-5.94 |
-5.39 |
-4.94 |
-4.66 |
-3.94 |
-3.70 |
-3.87 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-5.25 |
6.86 |
0.62 |
-3.46 |
6.07 |
6.62 |
4.04 |
1.40 |
3.58 |
4.87 |
1.61 |
| Changes in Operating Assets and Liabilities, net |
|
-8.37 |
-3.11 |
-3.30 |
18 |
10 |
-7.87 |
0.40 |
3.16 |
8.84 |
-6.42 |
1.71 |
| Net Cash From Investing Activities |
|
-36 |
63 |
15 |
355 |
93 |
101 |
26 |
-13 |
-85 |
-8.46 |
-121 |
| Net Cash From Continuing Investing Activities |
|
-36 |
63 |
15 |
355 |
93 |
101 |
26 |
-13 |
-85 |
-8.46 |
-121 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-0.06 |
-0.09 |
-0.14 |
-0.18 |
-0.14 |
-0.11 |
-0.03 |
-0.11 |
-0.10 |
-0.24 |
-0.52 |
| Purchase of Investment Securities |
|
-35 |
-1.95 |
-1.14 |
-3.13 |
334 |
-0.02 |
-67 |
-25 |
-32 |
-73 |
-21 |
| Sale and/or Maturity of Investments |
|
23 |
2.94 |
12 |
13 |
89 |
14 |
27 |
6.54 |
7.48 |
7.84 |
9.69 |
| Other Investing Activities, net |
|
-24 |
62 |
4.14 |
9.02 |
6.78 |
87 |
66 |
5.78 |
-60 |
57 |
-110 |
| Net Cash From Financing Activities |
|
36 |
-71 |
3.20 |
137 |
-343 |
-57 |
-48 |
126 |
-95 |
11 |
-40 |
| Net Cash From Continuing Financing Activities |
|
36 |
-71 |
3.20 |
137 |
-343 |
-57 |
-48 |
126 |
-95 |
11 |
-40 |
| Net Change in Deposits |
|
-40 |
-13 |
5.31 |
162 |
-342 |
-56 |
-30 |
147 |
-89 |
23 |
-34 |
| Repurchase of Common Equity |
|
-0.39 |
-0.51 |
-0.12 |
-0.34 |
-1.00 |
-1.06 |
-0.16 |
-1.73 |
-3.09 |
-8.73 |
-2.17 |
| Payment of Dividends |
|
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
-3.25 |
-3.25 |
| Other Financing Activities, Net |
|
0.03 |
0.71 |
- |
0.01 |
0.23 |
0.04 |
0.06 |
0.03 |
- |
0.23 |
0.09 |
| Cash Interest Paid |
|
10 |
9.59 |
11 |
13 |
18 |
17 |
14 |
15 |
13 |
12 |
11 |
| Cash Income Taxes Paid |
|
12 |
0.00 |
4.51 |
0.26 |
- |
0.00 |
9.18 |
2.02 |
-1.41 |
0.00 |
7.55 |
Annual Balance Sheets for California BanCorp
This table presents California BanCorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
2023 |
2024 |
2025 |
| Total Assets |
2,360 |
4,032 |
4,033 |
| Cash and Due from Banks |
33 |
60 |
52 |
| Interest Bearing Deposits at Other Banks |
54 |
328 |
348 |
| Trading Account Securities |
184 |
195 |
288 |
| Loans and Leases, Net of Allowance |
1,935 |
3,089 |
3,000 |
| Loans and Leases |
1,957 |
3,139 |
3,034 |
| Allowance for Loan and Lease Losses |
23 |
51 |
34 |
| Loans Held for Sale |
7.35 |
17 |
25 |
| Premises and Equipment, Net |
13 |
14 |
12 |
| Goodwill |
38 |
112 |
111 |
| Intangible Assets |
1.20 |
22 |
18 |
| Other Assets |
95 |
195 |
179 |
| Total Liabilities & Shareholders' Equity |
2,360 |
4,032 |
4,033 |
| Total Liabilities |
2,072 |
3,520 |
3,457 |
| Non-Interest Bearing Deposits |
675 |
1,257 |
1,178 |
| Interest Bearing Deposits |
1,268 |
2,142 |
2,192 |
| Long-Term Debt |
103 |
70 |
34 |
| Other Long-Term Liabilities |
26 |
51 |
52 |
| Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
288 |
512 |
577 |
| Total Preferred & Common Equity |
288 |
512 |
577 |
| Preferred Stock |
0.00 |
0.00 |
0.00 |
| Total Common Equity |
288 |
512 |
577 |
| Common Stock |
222 |
442 |
442 |
| Retained Earnings |
71 |
76 |
136 |
| Accumulated Other Comprehensive Income / (Loss) |
-4.46 |
-6.64 |
-1.62 |
Quarterly Balance Sheets for California BanCorp
This table presents California BanCorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q1 2026 |
Q2 2026 |
| Total Assets |
|
2,290 |
2,294 |
4,363 |
3,983 |
3,954 |
4,101 |
4,049 |
4,025 |
| Cash and Due from Banks |
|
54 |
29 |
115 |
80 |
84 |
95 |
56 |
55 |
| Interest Bearing Deposits at Other Banks |
|
33 |
76 |
499 |
359 |
346 |
464 |
355 |
210 |
| Trading Account Securities |
|
180 |
177 |
213 |
185 |
241 |
262 |
351 |
362 |
| Loans and Leases, Net of Allowance |
|
1,861 |
1,854 |
3,146 |
3,023 |
2,950 |
2,949 |
2,939 |
3,060 |
| Loans and Leases |
|
1,883 |
1,878 |
3,200 |
3,069 |
2,992 |
2,990 |
2,973 |
3,095 |
| Allowance for Loan and Lease Losses |
|
22 |
24 |
54 |
46 |
41 |
41 |
34 |
35 |
| Loans Held for Sale |
|
2.80 |
6.98 |
34 |
4.63 |
6.09 |
6.69 |
24 |
16 |
| Premises and Equipment, Net |
|
13 |
13 |
14 |
13 |
13 |
12 |
12 |
12 |
| Goodwill |
|
38 |
38 |
113 |
112 |
111 |
111 |
111 |
111 |
| Intangible Assets |
|
1.13 |
1.07 |
23 |
21 |
20 |
19 |
18 |
17 |
| Other Assets |
|
107 |
99 |
206 |
185 |
182 |
181 |
183 |
183 |
| Total Liabilities & Shareholders' Equity |
|
2,290 |
2,294 |
4,363 |
3,983 |
3,954 |
4,101 |
4,049 |
4,025 |
| Total Liabilities |
|
1,997 |
2,000 |
3,865 |
3,452 |
3,406 |
3,536 |
3,471 |
3,439 |
| Non-Interest Bearing Deposits |
|
652 |
667 |
1,368 |
1,293 |
1,218 |
1,238 |
1,247 |
1,257 |
| Interest Bearing Deposits |
|
1,279 |
1,269 |
2,373 |
2,050 |
2,094 |
2,222 |
2,146 |
2,102 |
| Long-Term Debt |
|
45 |
43 |
69 |
70 |
53 |
33 |
34 |
35 |
| Other Long-Term Liabilities |
|
22 |
22 |
55 |
39 |
41 |
43 |
43 |
45 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
292 |
293 |
498 |
531 |
548 |
565 |
578 |
587 |
| Total Preferred & Common Equity |
|
292 |
293 |
498 |
531 |
548 |
565 |
578 |
587 |
| Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Common Equity |
|
292 |
293 |
498 |
531 |
548 |
565 |
578 |
587 |
| Common Stock |
|
223 |
224 |
442 |
443 |
444 |
444 |
435 |
435 |
| Retained Earnings |
|
76 |
76 |
59 |
93 |
107 |
123 |
146 |
157 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-6.14 |
-6.49 |
-2.86 |
-4.41 |
-3.73 |
-2.05 |
-3.77 |
-5.28 |
Annual Metrics And Ratios for California BanCorp
This table displays calculated financial ratios and metrics derived from California BanCorp's official financial filings.
| Metric |
2023 |
2024 |
2025 |
| DEI Shares Outstanding |
- |
- |
32,322,651.00 |
| DEI Adjusted Shares Outstanding |
- |
- |
32,322,651.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
- |
- |
1.95 |
| Growth Metrics |
- |
- |
- |
| Revenue Growth |
0.00% |
31.00% |
41.05% |
| EBITDA Growth |
0.00% |
-103.65% |
5,336.44% |
| EBIT Growth |
0.00% |
-77.58% |
964.47% |
| NOPAT Growth |
0.00% |
-79.03% |
1,060.65% |
| Net Income Growth |
0.00% |
-79.03% |
1,060.65% |
| EPS Growth |
0.00% |
-84.17% |
777.27% |
| Operating Cash Flow Growth |
0.00% |
51.93% |
13.91% |
| Free Cash Flow Firm Growth |
0.00% |
0.00% |
118.48% |
| Invested Capital Growth |
0.00% |
48.73% |
4.96% |
| Revenue Q/Q Growth |
0.00% |
0.00% |
0.20% |
| EBITDA Q/Q Growth |
0.00% |
0.00% |
1.42% |
| EBIT Q/Q Growth |
0.00% |
0.00% |
-0.97% |
| NOPAT Q/Q Growth |
0.00% |
0.00% |
-0.55% |
| Net Income Q/Q Growth |
0.00% |
0.00% |
-0.55% |
| EPS Q/Q Growth |
0.00% |
0.00% |
-2.03% |
| Operating Cash Flow Q/Q Growth |
0.00% |
0.00% |
-4.54% |
| Free Cash Flow Firm Q/Q Growth |
0.00% |
0.00% |
5.41% |
| Invested Capital Q/Q Growth |
0.00% |
2.53% |
2.05% |
| Profitability Metrics |
- |
- |
- |
| EBITDA Margin |
38.01% |
-1.06% |
39.32% |
| EBIT Margin |
37.79% |
6.47% |
48.82% |
| Profit (Net Income) Margin |
26.57% |
4.25% |
35.00% |
| Tax Burden Percent |
70.30% |
65.75% |
71.69% |
| Interest Burden Percent |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
29.70% |
34.25% |
28.31% |
| Return on Invested Capital (ROIC) |
6.63% |
1.12% |
10.58% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
6.63% |
1.12% |
10.58% |
| Return on Net Nonoperating Assets (RNNOA) |
2.37% |
0.24% |
1.01% |
| Return on Equity (ROE) |
8.99% |
1.36% |
11.59% |
| Cash Return on Invested Capital (CROIC) |
0.00% |
-38.07% |
5.74% |
| Operating Return on Assets (OROA) |
1.56% |
0.26% |
2.18% |
| Return on Assets (ROA) |
1.10% |
0.17% |
1.56% |
| Return on Common Equity (ROCE) |
8.99% |
1.36% |
11.59% |
| Return on Equity Simple (ROE_SIMPLE) |
8.99% |
1.06% |
10.94% |
| Net Operating Profit after Tax (NOPAT) |
26 |
5.43 |
63 |
| NOPAT Margin |
26.57% |
4.25% |
35.00% |
| Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
51.29% |
49.25% |
43.57% |
| Operating Expenses to Revenue |
61.27% |
76.55% |
56.08% |
| Earnings before Interest and Taxes (EBIT) |
37 |
8.26 |
88 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
37 |
-1.35 |
71 |
| Valuation Ratios |
- |
- |
- |
| Price to Book Value (P/BV) |
0.00 |
1.05 |
1.04 |
| Price to Tangible Book Value (P/TBV) |
0.00 |
1.42 |
1.34 |
| Price to Revenue (P/Rev) |
0.00 |
4.20 |
3.33 |
| Price to Earnings (P/E) |
0.00 |
98.64 |
9.52 |
| Dividend Yield |
0.00% |
0.00% |
0.54% |
| Earnings Yield |
0.00% |
1.01% |
10.51% |
| Enterprise Value to Invested Capital (EV/IC) |
0.00 |
0.37 |
0.38 |
| Enterprise Value to Revenue (EV/Rev) |
0.00 |
1.70 |
1.30 |
| Enterprise Value to EBITDA (EV/EBITDA) |
0.00 |
0.00 |
3.30 |
| Enterprise Value to EBIT (EV/EBIT) |
0.00 |
26.32 |
2.66 |
| Enterprise Value to NOPAT (EV/NOPAT) |
0.00 |
40.03 |
3.71 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
0.00 |
4.32 |
4.08 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
0.00 |
6.84 |
| Leverage & Solvency |
- |
- |
- |
| Debt to Equity |
0.36 |
0.14 |
0.06 |
| Long-Term Debt to Equity |
0.36 |
0.14 |
0.06 |
| Financial Leverage |
0.36 |
0.22 |
0.10 |
| Leverage Ratio |
8.19 |
7.99 |
7.41 |
| Compound Leverage Factor |
8.19 |
7.99 |
7.41 |
| Debt to Total Capital |
26.31% |
11.99% |
5.54% |
| Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
26.31% |
11.99% |
5.54% |
| Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
73.69% |
88.01% |
94.46% |
| Debt to EBITDA |
2.78 |
-51.53 |
0.48 |
| Net Debt to EBITDA |
0.43 |
235.36 |
-5.17 |
| Long-Term Debt to EBITDA |
2.78 |
-51.53 |
0.48 |
| Debt to NOPAT |
3.97 |
12.83 |
0.54 |
| Net Debt to NOPAT |
0.62 |
-58.61 |
-5.81 |
| Long-Term Debt to NOPAT |
3.97 |
12.83 |
0.54 |
| Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
- |
- |
- |
| Cash Flow Metrics |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
0.00 |
-185 |
34 |
| Operating Cash Flow to CapEx |
10,960.93% |
9,110.87% |
16,557.80% |
| Free Cash Flow to Firm to Interest Expense |
0.00 |
-3.26 |
0.60 |
| Operating Cash Flow to Interest Expense |
1.13 |
0.89 |
1.01 |
| Operating Cash Flow Less CapEx to Interest Expense |
1.12 |
0.88 |
1.00 |
| Efficiency Ratios |
- |
- |
- |
| Asset Turnover |
0.04 |
0.04 |
0.04 |
| Fixed Asset Turnover |
7.35 |
9.51 |
14.02 |
| Capital & Investment Metrics |
- |
- |
- |
| Invested Capital |
391 |
582 |
610 |
| Invested Capital Turnover |
0.25 |
0.26 |
0.30 |
| Increase / (Decrease) in Invested Capital |
0.00 |
191 |
29 |
| Enterprise Value (EV) |
0.00 |
217 |
234 |
| Market Capitalization |
0.00 |
536 |
600 |
| Book Value per Share |
$0.00 |
$15.91 |
$17.84 |
| Tangible Book Value per Share |
$0.00 |
$11.74 |
$13.83 |
| Total Capital |
391 |
582 |
610 |
| Total Debt |
103 |
70 |
34 |
| Total Long-Term Debt |
103 |
70 |
34 |
| Net Debt |
16 |
-318 |
-366 |
| Capital Expenditures (CapEx) |
0.30 |
0.55 |
0.35 |
| Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
103 |
70 |
34 |
| Total Depreciation and Amortization (D&A) |
0.21 |
-9.62 |
-17 |
| Earnings Adjustments |
- |
- |
- |
| Adjusted Basic Earnings per Share |
$0.00 |
$0.22 |
$1.95 |
| Adjusted Weighted Average Basic Shares Outstanding |
0.00 |
32.40M |
32.33M |
| Adjusted Diluted Earnings per Share |
$0.00 |
$0.22 |
$1.93 |
| Adjusted Weighted Average Diluted Shares Outstanding |
0.00 |
32.40M |
32.33M |
| Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
0.00 |
32.40M |
32.33M |
| Normalized Net Operating Profit after Tax (NOPAT) |
26 |
16 |
63 |
| Normalized NOPAT Margin |
26.57% |
12.64% |
35.00% |
| Pre Tax Income Margin |
37.79% |
6.47% |
48.82% |
| Debt Service Ratios |
- |
- |
- |
| EBIT to Interest Expense |
1.25 |
0.15 |
1.55 |
| NOPAT to Interest Expense |
0.88 |
0.10 |
1.11 |
| EBIT Less CapEx to Interest Expense |
1.24 |
0.14 |
1.54 |
| NOPAT Less CapEx to Interest Expense |
0.87 |
0.09 |
1.10 |
| Payout Ratios |
- |
- |
- |
| Dividend Payout Ratio |
0.00% |
0.00% |
5.16% |
| Augmented Payout Ratio |
3.43% |
36.19% |
14.72% |
Quarterly Metrics And Ratios for California BanCorp
This table displays calculated financial ratios and metrics derived from California BanCorp's official financial filings.
| Metric |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
32,402,140.00 |
32,412,937.00 |
32,517,595.00 |
32,322,651.00 |
32,326,866.00 |
32,164,824.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
32,402,140.00 |
32,412,937.00 |
32,517,595.00 |
32,322,651.00 |
32,326,866.00 |
32,164,824.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
0.52 |
0.44 |
0.48 |
0.51 |
0.43 |
0.44 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
0.00% |
-17.21% |
-9.57% |
58.32% |
102.81% |
104.60% |
99.64% |
18.54% |
0.78% |
-1.34% |
1.43% |
| EBITDA Growth |
|
0.00% |
-38.70% |
-98.25% |
-381.43% |
186.46% |
170.51% |
8,710.17% |
166.68% |
5.56% |
-16.30% |
4.66% |
| EBIT Growth |
|
0.00% |
-35.44% |
-97.20% |
-339.88% |
269.48% |
226.26% |
7,120.86% |
196.84% |
-3.72% |
-19.37% |
-1.14% |
| NOPAT Growth |
|
0.00% |
-39.99% |
-97.17% |
-340.53% |
280.15% |
241.50% |
7,320.53% |
199.46% |
-2.09% |
-18.17% |
1.43% |
| Net Income Growth |
|
0.00% |
-39.99% |
-97.17% |
-351.13% |
280.15% |
241.50% |
7,320.53% |
195.26% |
-2.09% |
-18.17% |
1.43% |
| EPS Growth |
|
0.00% |
-40.91% |
-97.22% |
-268.57% |
125.00% |
100.00% |
4,200.00% |
181.36% |
-7.41% |
-19.23% |
2.33% |
| Operating Cash Flow Growth |
|
0.00% |
-55.93% |
-97.46% |
64.64% |
380.11% |
-13.29% |
4,243.69% |
-12.69% |
-11.52% |
22.23% |
10.39% |
| Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
25.57% |
25.51% |
97.38% |
92.84% |
101.38% |
97.41% |
| Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
48.73% |
78.34% |
78.64% |
5.46% |
4.96% |
1.72% |
3.46% |
| Revenue Q/Q Growth |
|
-6.72% |
0.00% |
1.23% |
71.88% |
19.49% |
-1.59% |
-1.22% |
2.06% |
1.59% |
-3.66% |
1.55% |
| EBITDA Q/Q Growth |
|
-33.42% |
0.00% |
-97.46% |
-14,987.01% |
167.77% |
5.46% |
-17.20% |
12.68% |
7.28% |
-16.38% |
3.53% |
| EBIT Q/Q Growth |
|
-32.98% |
0.00% |
-96.17% |
-8,203.24% |
203.23% |
1.81% |
-15.22% |
8.68% |
2.63% |
-14.74% |
3.96% |
| NOPAT Q/Q Growth |
|
-32.70% |
0.00% |
-96.15% |
-8,399.42% |
206.36% |
0.48% |
-16.34% |
11.24% |
4.71% |
-16.02% |
3.69% |
| Net Income Q/Q Growth |
|
-32.70% |
0.00% |
-96.15% |
-8,765.26% |
201.87% |
0.48% |
-16.34% |
11.24% |
4.71% |
-16.02% |
3.69% |
| EPS Q/Q Growth |
|
-31.43% |
0.00% |
-96.15% |
-6,000.00% |
191.53% |
-3.70% |
-17.31% |
11.63% |
4.17% |
-16.00% |
4.76% |
| Operating Cash Flow Q/Q Growth |
|
-175.90% |
0.00% |
-96.16% |
5,822.33% |
29.13% |
-70.45% |
92.21% |
19.04% |
30.86% |
-59.18% |
73.60% |
| Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
-1.05% |
-73.53% |
70.19% |
-42.40% |
-1.13% |
93.90% |
18.60% |
127.56% |
-288.94% |
| Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
-0.37% |
68.75% |
2.53% |
3.46% |
-0.20% |
-0.38% |
2.05% |
0.27% |
1.50% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
27.76% |
31.78% |
0.80% |
-69.13% |
39.21% |
42.02% |
35.22% |
38.89% |
41.07% |
35.65% |
36.34% |
| EBIT Margin |
|
28.03% |
33.13% |
1.25% |
-59.10% |
51.06% |
52.83% |
45.34% |
48.28% |
48.78% |
43.17% |
44.19% |
| Profit (Net Income) Margin |
|
19.65% |
22.53% |
0.86% |
-43.19% |
36.83% |
37.60% |
31.85% |
34.71% |
35.78% |
31.19% |
31.85% |
| Tax Burden Percent |
|
70.10% |
68.00% |
68.35% |
73.09% |
72.12% |
71.18% |
70.24% |
71.89% |
73.35% |
72.24% |
72.06% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
29.90% |
32.00% |
31.65% |
0.00% |
27.88% |
28.82% |
29.76% |
28.11% |
26.65% |
27.76% |
27.94% |
| Return on Invested Capital (ROIC) |
|
4.90% |
0.00% |
0.00% |
0.00% |
9.67% |
12.06% |
11.75% |
10.71% |
10.82% |
9.23% |
9.39% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.90% |
0.00% |
0.00% |
0.00% |
9.67% |
12.06% |
11.75% |
10.71% |
10.82% |
9.23% |
9.39% |
| Return on Net Nonoperating Assets (RNNOA) |
|
1.75% |
0.00% |
0.00% |
0.00% |
2.09% |
1.69% |
1.34% |
1.03% |
1.03% |
0.87% |
0.72% |
| Return on Equity (ROE) |
|
6.65% |
0.00% |
0.00% |
0.00% |
11.76% |
13.75% |
13.09% |
11.75% |
11.85% |
10.10% |
10.12% |
| Cash Return on Invested Capital (CROIC) |
|
0.00% |
0.00% |
0.00% |
0.00% |
-38.07% |
-52.59% |
-49.77% |
5.57% |
5.74% |
8.18% |
6.45% |
| Operating Return on Assets (OROA) |
|
1.16% |
0.00% |
0.00% |
0.00% |
2.04% |
2.54% |
2.51% |
2.05% |
2.18% |
1.93% |
2.00% |
| Return on Assets (ROA) |
|
0.81% |
0.00% |
0.00% |
0.00% |
1.47% |
1.81% |
1.76% |
1.48% |
1.60% |
1.39% |
1.44% |
| Return on Common Equity (ROCE) |
|
6.65% |
0.00% |
0.00% |
0.00% |
11.76% |
13.75% |
13.09% |
11.75% |
11.85% |
10.10% |
10.12% |
| Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
3.27% |
5.71% |
11.23% |
0.00% |
10.38% |
10.26% |
| Net Operating Profit after Tax (NOPAT) |
|
4.41 |
4.94 |
0.19 |
-16 |
17 |
17 |
14 |
16 |
16 |
14 |
14 |
| NOPAT Margin |
|
19.65% |
22.53% |
0.86% |
-41.37% |
36.83% |
37.60% |
31.85% |
34.71% |
35.78% |
31.19% |
31.85% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
2.01% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
55.37% |
55.74% |
51.44% |
49.72% |
44.68% |
44.51% |
43.41% |
41.37% |
44.96% |
46.37% |
43.57% |
| Operating Expenses to Revenue |
|
68.30% |
68.38% |
85.70% |
98.86% |
57.36% |
55.60% |
56.09% |
51.75% |
60.80% |
57.69% |
54.22% |
| Earnings before Interest and Taxes (EBIT) |
|
6.29 |
7.26 |
0.28 |
-23 |
23 |
24 |
20 |
22 |
22 |
19 |
20 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
6.23 |
6.96 |
0.18 |
-26 |
18 |
19 |
16 |
18 |
19 |
16 |
16 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.00 |
0.94 |
0.85 |
0.96 |
1.05 |
0.86 |
0.94 |
0.95 |
1.04 |
0.99 |
1.14 |
| Price to Tangible Book Value (P/TBV) |
|
0.00 |
1.09 |
0.98 |
1.31 |
1.42 |
1.15 |
1.23 |
1.24 |
1.34 |
1.27 |
1.46 |
| Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
4.20 |
3.05 |
2.97 |
3.00 |
3.33 |
3.17 |
3.72 |
| Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
98.64 |
26.48 |
16.39 |
8.50 |
9.52 |
9.50 |
11.13 |
| Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.54% |
1.13% |
1.44% |
| Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
1.01% |
3.78% |
6.10% |
11.76% |
10.51% |
10.53% |
8.98% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.70 |
0.56 |
0.00 |
0.37 |
0.15 |
0.23 |
0.02 |
0.38 |
0.32 |
0.71 |
| Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
0.00 |
0.00 |
1.70 |
0.60 |
0.78 |
0.07 |
1.30 |
1.08 |
2.44 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
8.60 |
5.21 |
0.19 |
3.30 |
2.85 |
6.42 |
| Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
26.32 |
3.67 |
3.04 |
0.15 |
2.66 |
2.32 |
5.29 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
40.03 |
5.22 |
4.33 |
0.21 |
3.71 |
3.22 |
7.30 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
4.32 |
1.84 |
2.17 |
0.22 |
4.08 |
3.28 |
7.30 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.41 |
6.84 |
3.89 |
11.15 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.36 |
0.15 |
0.15 |
0.14 |
0.14 |
0.13 |
0.10 |
0.06 |
0.06 |
0.06 |
0.06 |
| Long-Term Debt to Equity |
|
0.36 |
0.15 |
0.15 |
0.14 |
0.14 |
0.13 |
0.10 |
0.06 |
0.06 |
0.06 |
0.06 |
| Financial Leverage |
|
0.36 |
0.15 |
0.15 |
0.14 |
0.22 |
0.14 |
0.11 |
0.10 |
0.10 |
0.09 |
0.08 |
| Leverage Ratio |
|
8.19 |
7.83 |
7.82 |
8.76 |
7.99 |
7.61 |
7.43 |
7.96 |
7.41 |
7.24 |
7.03 |
| Compound Leverage Factor |
|
8.19 |
7.83 |
7.82 |
8.76 |
7.99 |
7.61 |
7.43 |
7.96 |
7.41 |
7.24 |
7.03 |
| Debt to Total Capital |
|
26.31% |
13.30% |
12.77% |
12.19% |
11.99% |
11.69% |
8.81% |
5.59% |
5.54% |
5.59% |
5.57% |
| Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
26.31% |
13.30% |
12.77% |
12.19% |
11.99% |
11.69% |
8.81% |
5.59% |
5.54% |
5.59% |
5.57% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
73.69% |
86.70% |
87.23% |
87.81% |
88.01% |
88.32% |
91.19% |
94.41% |
94.46% |
94.41% |
94.43% |
| Debt to EBITDA |
|
2.78 |
0.00 |
0.00 |
0.00 |
-51.53 |
6.68 |
2.04 |
0.48 |
0.48 |
0.50 |
0.51 |
| Net Debt to EBITDA |
|
0.43 |
0.00 |
0.00 |
0.00 |
235.36 |
-35.08 |
-14.55 |
-7.53 |
-5.17 |
-5.56 |
-3.36 |
| Long-Term Debt to EBITDA |
|
2.78 |
0.00 |
0.00 |
0.00 |
-51.53 |
6.68 |
2.04 |
0.48 |
0.48 |
0.50 |
0.51 |
| Debt to NOPAT |
|
3.97 |
0.00 |
0.00 |
0.00 |
12.83 |
4.05 |
1.69 |
0.53 |
0.54 |
0.57 |
0.58 |
| Net Debt to NOPAT |
|
0.62 |
0.00 |
0.00 |
0.00 |
-58.61 |
-21.26 |
-12.07 |
-8.29 |
-5.81 |
-6.28 |
-3.83 |
| Long-Term Debt to NOPAT |
|
3.97 |
0.00 |
0.00 |
0.00 |
12.83 |
4.05 |
1.69 |
0.53 |
0.54 |
0.57 |
0.58 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
0.00 |
-332 |
-336 |
-583 |
-174 |
-247 |
-250 |
-15 |
-12 |
3.43 |
-6.48 |
| Operating Cash Flow to CapEx |
|
-13,390.48% |
9,048.31% |
223.91% |
10,000.00% |
16,640.85% |
6,650.48% |
39,476.47% |
14,793.52% |
21,119.19% |
3,616.53% |
2,871.51% |
| Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-30.87 |
-30.99 |
-33.92 |
-9.64 |
-16.98 |
-17.42 |
-1.04 |
-0.94 |
0.29 |
-0.56 |
| Operating Cash Flow to Interest Expense |
|
-0.84 |
0.75 |
0.03 |
1.06 |
1.31 |
0.48 |
0.93 |
1.09 |
1.57 |
0.73 |
1.28 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
-0.85 |
0.74 |
0.02 |
1.05 |
1.30 |
0.47 |
0.93 |
1.08 |
1.57 |
0.71 |
1.24 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.04 |
0.00 |
0.00 |
0.00 |
0.04 |
0.05 |
0.06 |
0.04 |
0.04 |
0.04 |
0.05 |
| Fixed Asset Turnover |
|
7.35 |
0.00 |
0.00 |
0.00 |
9.51 |
11.53 |
13.57 |
13.62 |
14.02 |
14.29 |
14.49 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
391 |
337 |
336 |
567 |
582 |
602 |
600 |
598 |
610 |
612 |
621 |
| Invested Capital Turnover |
|
0.25 |
0.00 |
0.00 |
0.00 |
0.26 |
0.32 |
0.37 |
0.31 |
0.30 |
0.30 |
0.30 |
| Increase / (Decrease) in Invested Capital |
|
0.00 |
337 |
336 |
567 |
191 |
264 |
264 |
31 |
29 |
10 |
21 |
| Enterprise Value (EV) |
|
0.00 |
235 |
188 |
-70 |
217 |
90 |
135 |
13 |
234 |
193 |
440 |
| Market Capitalization |
|
0.00 |
276 |
250 |
476 |
536 |
459 |
512 |
539 |
600 |
570 |
670 |
| Book Value per Share |
|
$0.00 |
$15.79 |
$15.82 |
$26.85 |
$15.91 |
$16.52 |
$16.89 |
$17.37 |
$17.84 |
$17.87 |
$18.24 |
| Tangible Book Value per Share |
|
$0.00 |
$13.68 |
$13.73 |
$19.55 |
$11.74 |
$12.38 |
$12.84 |
$13.36 |
$13.83 |
$13.90 |
$14.26 |
| Total Capital |
|
391 |
337 |
336 |
567 |
582 |
602 |
600 |
598 |
610 |
612 |
621 |
| Total Debt |
|
103 |
45 |
43 |
69 |
70 |
70 |
53 |
33 |
34 |
34 |
35 |
| Total Long-Term Debt |
|
103 |
45 |
43 |
69 |
70 |
70 |
53 |
33 |
34 |
34 |
35 |
| Net Debt |
|
16 |
-42 |
-62 |
-545 |
-318 |
-369 |
-377 |
-526 |
-366 |
-377 |
-230 |
| Capital Expenditures (CapEx) |
|
0.06 |
0.09 |
0.14 |
0.18 |
0.14 |
0.11 |
0.03 |
0.11 |
0.10 |
0.24 |
0.52 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.70 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
103 |
45 |
43 |
69 |
70 |
70 |
53 |
33 |
34 |
34 |
35 |
| Total Depreciation and Amortization (D&A) |
|
-0.06 |
-0.30 |
-0.10 |
-3.82 |
-5.40 |
-4.84 |
-4.48 |
-4.25 |
-3.54 |
-3.33 |
-3.53 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.23 |
$0.27 |
$0.01 |
($0.59) |
$0.53 |
$0.52 |
$0.43 |
$0.48 |
$0.52 |
$0.43 |
$0.44 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
18.53M |
18.55M |
32.17M |
32.40M |
32.41M |
32.52M |
32.32M |
32.33M |
32.16M |
32.15M |
| Adjusted Diluted Earnings per Share |
|
$0.24 |
$0.26 |
$0.01 |
($0.59) |
$0.54 |
$0.52 |
$0.43 |
$0.48 |
$0.50 |
$0.42 |
$0.44 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
18.53M |
18.55M |
32.17M |
32.40M |
32.41M |
32.52M |
32.32M |
32.33M |
32.16M |
32.15M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
18.53M |
18.55M |
32.17M |
32.40M |
32.41M |
32.52M |
32.32M |
32.33M |
32.16M |
32.15M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
4.41 |
5.31 |
0.53 |
-5.55 |
17 |
17 |
14 |
16 |
16 |
14 |
14 |
| Normalized NOPAT Margin |
|
19.65% |
24.23% |
2.37% |
-14.55% |
37.84% |
37.60% |
31.85% |
34.71% |
35.78% |
31.19% |
31.85% |
| Pre Tax Income Margin |
|
28.03% |
33.13% |
1.25% |
-59.10% |
51.06% |
52.83% |
45.34% |
48.28% |
48.78% |
43.17% |
44.19% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.63 |
0.67 |
0.03 |
-1.31 |
1.29 |
1.63 |
1.40 |
1.49 |
1.69 |
1.63 |
1.71 |
| NOPAT to Interest Expense |
|
0.44 |
0.46 |
0.02 |
-0.92 |
0.93 |
1.16 |
0.98 |
1.07 |
1.24 |
1.18 |
1.24 |
| EBIT Less CapEx to Interest Expense |
|
0.62 |
0.67 |
0.01 |
-1.32 |
1.28 |
1.62 |
1.39 |
1.48 |
1.68 |
1.61 |
1.67 |
| NOPAT Less CapEx to Interest Expense |
|
0.43 |
0.45 |
0.00 |
-0.93 |
0.92 |
1.15 |
0.98 |
1.06 |
1.23 |
1.16 |
1.19 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
5.16% |
10.84% |
16.20% |
| Augmented Payout Ratio |
|
3.43% |
0.00% |
0.00% |
0.00% |
36.19% |
14.48% |
8.15% |
6.20% |
14.72% |
33.69% |
42.31% |
Key Financial Trends
California BanCorp’s Q2 2026 results show a larger, more profitable bank with improving credit metrics, although liquidity movements and deposit trends warrant continued monitoring. Total assets reached $4.03 billion at June 30, 2026, up from $2.29 billion two years earlier. Net loans increased to $3.06 billion from $1.85 billion, while total deposits rose to approximately $3.36 billion from $1.93 billion over the same period.
- Net interest income improved. Q2 2026 net interest income was $43.4 million, up from $41.4 million in Q2 2025 and $21.0 million in Q2 2024. This suggests the enlarged loan portfolio is continuing to generate higher recurring interest revenue.
- Quarterly earnings remain solid. Net income attributable to common shareholders rose to $14.3 million in Q2 2026 from $13.8 million in Q1 2026 and $14.1 million in the restated Q2 2025 results. Diluted EPS increased to $0.44 from $0.42 in Q1.
- Operating expenses declined year over year. Q2 non-interest expense fell to $24.3 million from $24.8 million in Q2 2025, despite the company’s larger balance sheet. This points to potential operating leverage and improved expense discipline.
- Credit-loss provisions remain manageable. The company recorded a $714,000 provision for credit losses in Q2 2026, compared with a $381,000 provision benefit in Q1 and a $634,000 benefit in the restated Q2 2025 period. The allowance for loan losses was $34.9 million, or roughly 1.1% of gross loans, down from approximately 1.4% in Q2 2025 and 1.7% in Q3 2024.
- Capital has strengthened substantially. Total common equity increased to $586.6 million from $547.6 million in Q2 2025 and $293.2 million in Q2 2024. Retained earnings reached $157.4 million, providing a larger capital base to support future loan growth.
- Debt levels have declined. Long-term debt was $34.6 million at the end of Q2 2026, down from $52.9 million in Q2 2025 and $70.3 million in Q1 2024. Lower debt should reduce balance-sheet leverage and interest-rate sensitivity.
- Share repurchases and dividends continue. California BanCorp repurchased $2.2 million of common stock and paid $3.2 million in dividends during Q2 2026. The company also reported a $0.10 quarterly dividend per share in Q1, supporting shareholder returns.
- Balance-sheet growth has been significant but uneven. Since Q2 2024, assets, loans and deposits have all expanded by roughly 65% to 75%. This creates additional earnings potential, but investors should determine how much of the growth is organic versus acquisition-related and whether returns on the larger balance sheet remain attractive.
- Operating cash flow remains positive. Cash generated from operating activities increased to $14.8 million in Q2 2026 from $8.5 million in Q1 and $13.4 million in the restated Q2 2025 period. However, quarterly cash flow is volatile because investment-security transactions and deposit movements materially affect reported cash balances.
- Cash declined sharply during Q2. Net cash and equivalents fell by $146.2 million in Q2 2026, driven by $121.3 million of investing outflows and $39.7 million of financing outflows. Interest-bearing deposits at other banks also fell to $209.8 million from $354.8 million in Q1, reducing readily available liquidity.
- Deposit funding weakened sequentially. The company reported a $34.4 million net decline in deposits during Q2. Interest-bearing deposits fell by approximately $43.8 million from Q1, partially offset by growth in non-interest-bearing deposits. Continued deposit outflows could increase funding costs or constrain loan growth.
- Interest-rate and securities risks remain important. Accumulated other comprehensive loss widened to $5.3 million from $3.8 million in Q1. The change suggests that unrealized losses or other valuation pressures remain present in the investment portfolio, particularly if interest rates stay elevated.
Overall, the recent trend is moderately positive: California BanCorp is generating consistent quarterly profits, expanding net interest income, reducing debt and maintaining a stronger capital base. The main risks are the Q2 liquidity outflow, softer deposits and the need to prove that the company can convert its much larger balance sheet into sustained earnings without a material deterioration in credit quality.
10/16/26 06:04 AM ETAI Generated. May Contain Errors.