PCB BANCORP PCB
PCB Bancorp is a California corporation incorporated in 2007 as a registered bank holding company subject to the Bank Holding Company Act of 1956, as amended ("BHCA"), to serve as the holding company for PCB Bank (the "Bank"), which was founded in 2003. The Company has no material operations other than those of the Bank.
The Bank is a California state-chartered commercial bank. The Bank's deposit accounts are insured by the Federal Deposit Insurance Corporation ("FDIC") up to the maximum amount currently allowable under federal law.
As of December 31, 2025, the Bank is a single operating segment that operates nine full-service branches in Los Angeles and Orange Counties, California, three full-service branches on the East Coast (Bayside, New York; and Englewood Cliffs and Palisades Park, New Jersey), two full-service branches in Texas (Carrollton and Dallas), and one full-service branch in Georgia (Suwanee). The Bank also has loan originators of primarily SBA loans in Washington. The Bank offers a broad range of loans, deposits, and other products and services predominantly to small and middle market businesses and individuals.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9M | $2.8M | $2.6M | $2.6M | $2.4M | $2.2M | $2.6M | $2.4M | $2.2M | $2.2M |
| Interest expense | $103.9M | $88.6M | $88.5M | $89.6M | $4.3M | $13.6M | $23.9M | $18.0M | $10.1M | $7.0M |
| Pre-tax income | $52.5M | $36.3M | $43.3M | $49.4M | $57.0M | $23.0M | $34.4M | $34.7M | $31.3M | $24.4M |
| Income tax | $15.0M | $10.5M | $12.6M | $14.4M | $16.9M | $6.8M | $10.2M | $10.4M | $14.9M | $10.4M |
| Net income | $37.5M | $25.8M | $30.7M | $35.0M | $40.1M | $16.2M | $24.1M | $24.3M | $16.4M | $14.0M |
| EPS, basic | 2.59 | 1.75 | 2.14 | 2.35 | 2.66 | 1.05 | 1.52 | 1.69 | 1.22 | 1.12 |
| EPS, diluted | 2.58 | 1.74 | 2.12 | 2.31 | 2.62 | 1.04 | 1.49 | 1.65 | 1.21 | 1.11 |
| Shares, diluted (wtd. avg.) | $14.3M | $14.3M | $14.4M | $15.1M | $15.3M | $15.4M | $16.2M | $14.7M | $13.5M | $12.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $207.1M | $198.8M | $242.3M | $147.0M | $203.3M | $194.1M | $146.2M | $162.3M | $73.7M | $70.0M |
| Property, plant and equipment | $8.2M | $8.3M | $6.0M | $6.9M | $3.1M | $4.0M | $3.8M | $4.6M | $4.7M | — |
| Total assets | $3.28B | $3.06B | $2.79B | $2.42B | $2.15B | $1.92B | $1.75B | $1.70B | $1.44B | — |
| Total liabilities | $2.89B | $2.70B | $2.44B | $2.08B | $1.89B | $1.69B | $1.52B | $1.49B | $1.30B | — |
| Retained earnings | $186.5M | $160.8M | $146.1M | $127.2M | $101.1M | $67.7M | $57.7M | $37.6M | $15.0M | — |
| Total equity | $390.0M | $363.8M | $348.9M | $335.4M | $256.3M | $233.8M | $226.8M | $210.3M | $142.2M | $127.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $26.6M | $39.0M | $63.3M | $57.3M | -$1.6M | $17.1M | $30.1M | $30.7M | $21.2M | $40.2M |
| Depreciation and amortisation | $2.2M | $2.3M | $2.2M | $1.6M | $1.4M | $1.5M | $1.5M | $1.3M | $1.1M | $1.0M |
| Stock-based compensation | $973.0K | $504.0K | $488.0K | $539.0K | $453.0K | $715.0K | $709.0K | $648.0K | $699.0K | $717.0K |
| Capital expenditure | $2.2M | $4.1M | $1.3M | $5.5M | $430.0K | $1.8M | $710.0K | $1.1M | $1.3M | $2.0M |
| Investing cash flow | -$200.1M | -$311.7M | -$275.3M | -$356.7M | -$175.2M | -$132.8M | -$61.9M | -$168.1M | -$215.5M | -$214.0M |
| Financing cash flow | $181.9M | $229.2M | $307.2M | $243.1M | $186.0M | $163.6M | $15.7M | $226.1M | $198.0M | $166.8M |
| Dividends paid | $11.5M | $10.3M | $9.9M | $8.9M | $6.7M | $6.2M | $4.0M | $1.8M | $1.6M | $1.4M |
| Buybacks | $7.1M | $222.0K | $8.8M | $6.7M | $10.9M | $6.5M | $6.5M | $0 | $0 | — |
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 0001423869-26-000011.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |