Overview
California Bancorp Q3 net income at $15.7 mln, up from Q2 2025
Net interest margin for Q3 2025 decreased to 4.52% from 4.61% in Q2
Company repurchased 89,500 shares at $15.22 average price under buyback program
Outlook
Company plans to continue share repurchases to enhance shareholder value
Result Drivers
DEPOSIT AND LOAN GROWTH - Co reports strong deposit growth of $147.4 mln and loan originations of $158.4 mln, offset by payoffs and paydowns
DERISKING STRATEGY - Decrease in non-performing assets to total assets ratio to 0.38% from 0.46% in Q2, with no material charge-offs
CAPITAL MANAGEMENT - Co paid off $20.0 mln in high-cost subordinated notes and continued share repurchase program
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | $15.68 mln | ||
Q3 Net Interest Income | $42.51 mln | ||
Q3 Net Interest Margin | 4.52% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for California Bancorp is $19.00, about 9.4% above its October 27 closing price of $17.21
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nGNX54fKrZ
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)