Earnings summaries and quarterly performance for California BanCorp \ CA.
Executive leadership at California BanCorp \ CA.
Steven Shelton
Detailed
Chief Executive Officer
CEO
DR
David Rainer
Detailed
Executive Chairman
JC
Jean Carandang
Detailed
Executive Vice President, Chief Financial Officer (Bank)
JY
Joann Yeung
Detailed
Executive Vice President, Principal Accounting Officer; Chief Accounting Officer (Bank)
MM
Manisha Merchant
Detailed
Executive Vice President, Chief Legal Officer
ML
Martin Liska
Detailed
Executive Vice President, Chief Risk Officer (Bank)
MW
Michele Wirfel
Detailed
Executive Vice President, Chief Operating Officer
PN
Peter Nutz
Detailed
Executive Vice President, Chief Credit Officer (Bank)
RH
Richard Hernandez
Detailed
President
TD
Thomas Dolan
Detailed
Executive Vice President, Chief Financial Officer; Chief Strategy Officer
Board of directors at California BanCorp \ CA.
Research analysts covering California BanCorp \ CA.
Recent press releases and 8-K filings for BCAL.
California BanCorp Reports Strong Q4 and Full Year 2025 Financial Results
BCAL
Earnings
Share Buyback
Dividends
- California BanCorp reported net income of $16.4 million or $0.50 diluted earnings per share for the fourth quarter of 2025, and $63.1 million or $1.93 diluted earnings per share for the full year 2025.
- The company successfully completed and integrated its 2024 merger, restructured and derisked its balance sheet by reducing high-risk loans, and terminated dependence on high-cost brokered deposits while growing core deposits.
- Shareholder value was enhanced through the repurchase of 211,928 shares of common stock for a total cost of $3.4 million in 2025 and the implementation of a quarterly dividend of $0.10 per common share.
- For the full year 2025, key performance metrics included a net interest margin of 4.55%, return on average assets of 1.57%, and return on average common equity of 11.56%.
8 days ago
California BanCorp Announces Fourth Quarter and Full Year 2025 Financial Results
BCAL
Earnings
Dividends
Share Buyback
- California BanCorp reported net income of $16.4 million (or $0.50 per diluted share) for Q4 2025, an increase from $15.7 million (or $0.48 per diluted share) in Q3 2025. For the full year 2025, net income was $63.1 million (or $1.93 per diluted share), significantly up from $5.4 million (or $0.22 per diluted share) in 2024.
- The company's net interest margin was 4.44% in Q4 2025, compared to 4.52% in the prior quarter, and 4.55% for the full year 2025, up from 4.28% in the prior year.
- Total loans increased to $3.06 billion at December 31, 2025, up $62.0 million from September 30, 2025, while total deposits decreased to $3.37 billion at December 31, 2025, down $89.1 million from September 30, 2025.
- California BanCorp repurchased 122,428 shares of common stock for $2.0 million in Q4 2025 and declared a quarterly dividend of $0.10 per common share.
8 days ago
California BanCorp Announces CEO Retirement and Appointment
BCAL
CEO Change
Management Change
Executive Compensation
- Steven Shelton retired as Chief Executive Officer and Director of California BanCorp, effective December 31, 2025.
- David Rainer was appointed as the new Chief Executive Officer, effective December 31, 2025, in addition to his role as Chairman.
- Mr. Shelton will serve as a Strategic Transition Partner from January 1, 2026, to December 31, 2026, receiving a base salary of $16,666.66 per month.
- He will also receive a $996,400 separation payment in a lump sum on or after July 1, 2026, along with COBRA severance benefits, a potential 2025 discretionary bonus, and accelerated vesting of certain stock awards and his SERP.
Jan 7, 2026, 1:05 PM
California BanCorp Reports Strong Q3 2025 Earnings
BCAL
Earnings
Debt Issuance
Share Buyback
- California BanCorp reported net income of $15.7 million, or $0.48 per diluted share, for the third quarter of 2025, an increase from $14.1 million, or $0.43 per diluted share, in the second quarter of 2025, and a significant improvement from a net loss of $16.5 million, or $0.59 per diluted share, in the third quarter of 2024.
- The company's Return on Average Assets was 1.54% for Q3 2025, up from 1.45% in the prior quarter, and the efficiency ratio improved to 51.75% from 56.09%. The Net Interest Margin for Q3 2025 was 4.52%, compared with 4.61% in the prior quarter.
- Total assets increased to $4.10 billion at September 30, 2025, from $3.95 billion at June 30, 2025, primarily due to a $147.4 million increase in total deposits to $3.46 billion.
- California BanCorp redeemed $20.0 million in high-cost subordinated notes during the third quarter of 2025 and repurchased 89,500 shares of common stock for $1.4 million under its stock repurchase program.
- Asset quality improved, with the non-performing assets to total assets ratio decreasing to 0.38% at September 30, 2025, from 0.46% at June 30, 2025.
Oct 28, 2025, 12:06 PM
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