California BanCorp \ CA BCAL
California BanCorp is a California corporation incorporated on October 2, 2019 and is registered with the Board of Governors of the Federal Reserve System as a bank holding company for California Bank of Commerce, N.A. under the Bank Holding Company Act of 1956, as amended. On May 15, 2020, the Company completed a reorganization whereby the Bank became a wholly-owned subsidiary of the Company. California Bank of Commerce, N.A. began business operations in December 2001 under the name Ramona National Bank. The Bank changed its name to First Business Bank, N.A. in 2006, to Bank of Southern California, N.A. in 2010, and to California Bank of Commerce, N.A. on July 31, 2024. The Bank has a wholly-owned subsidiary, BCAL OREO1, LLC, which was incorporated on February 14, 2024. BCAL OREO1, LLC is used for holding other real estate owned and other assets acquired by foreclosure. The Bank operates under a federal charter and its primary regulator is the Office of the Comptroller of the Currency ("OCC"). The words "we," "us," "our," or the "Company" refer to California BanCorp and California Bank of Commerce, N.A. collectively and on a consolidated basis. References herein to "California BanCorp," or the "holding company" refer to California BanCorp on a stand-alone basis. References to the "Bank" refer to California Bank of Commerce, N.A.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $226.0M | $179.8M | $123.5M | $93.6M | — |
| Interest expense | $169.1M | $123.0M | $94.1M | $5.8M | — |
| Pre-tax income | $88.0M | $8.3M | $36.9M | $22.0M | — |
| Income tax | $24.9M | $2.8M | $10.9M | $5.9M | — |
| Net income | $63.1M | $5.4M | $25.9M | $16.1M | — |
| EPS, basic | 1.95 | 0.22 | 1.42 | 0.90 | — |
| EPS, diluted | 1.93 | 0.22 | 1.39 | 0.88 | — |
| Shares, diluted (wtd. avg.) | 32.7M | 24.6M | 18.7M | 18.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $399.9M | $388.2M | $86.8M | $86.8M | $580.0M |
| Property, plant and equipment | $12.1M | $13.6M | $13.3M | $14.3M | — |
| Goodwill | $110.9M | $111.8M | $37.8M | $37.8M | $36.8M |
| Other intangibles | $18.5M | $22.3M | $1.2M | $1.6M | — |
| Total assets | $4.03B | $4.03B | $2.36B | $2.28B | — |
| Long-term debt | $33.8M | $69.7M | $102.9M | $67.8M | — |
| Total liabilities | $3.46B | $3.52B | $2.07B | $2.02B | — |
| Retained earnings | $135.8M | $76.0M | $70.6M | $48.5M | — |
| Total equity | $576.6M | $511.8M | $288.2M | $260.4M | $246.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $57.3M | $50.3M | $33.1M | $13.4M | — |
| Depreciation and amortisation | $1.8M | $1.8M | $1.5M | $1.6M | — |
| Stock-based compensation | $5.8M | $6.2M | $4.5M | $3.7M | — |
| Capital expenditure | $346.0K | $552.0K | $302.0K | $1.1M | — |
| Investing cash flow | $29.8M | $524.7M | -$78.9M | -$512.7M | — |
| Financing cash flow | -$75.3M | -$273.6M | $45.9M | $6.1M | — |
| Dividends paid | $3.3M | $0 | — | — | — |
| Buybacks | $3.4M | $0 | $889.0K | $574.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001795815-26-000005.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $93.6M | $123.5M | $179.8M | $226.0M |
| Gross profit | — | — | — | — | — |
| Net income | — | $16.1M | $25.9M | $5.4M | $63.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Other event Item 8.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6021
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| WFC | WELLS FARGO & COMPANY/MN | $249.15B | 13.2x | -3.8% |
| C | CITIGROUP INC | $211.00B | 17.3x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $125.29B | 50.0x | 36.3% |
| USB | US BANCORP \DE\ | $92.83B | 12.9x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $89.55B | 13.5x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $59.18B | 12.7x | -2.1% |