PCB Bancorp Q2 net income rises on higher interest income

Reuters
Jul 25
<a href="https://laohu8.com/S/PCB">PCB Bancorp</a> <a href="https://laohu8.com/S/QTWO">Q2</a> net income rises on higher interest income

Overview

  • PCB Bancorp Q2 net income rises to $9.0 mln, compared to $6.1 million yoy

  • Q2 EPS at $0.62, compared to $0.43 for the year-ago quarter

  • Net interest income increases to $26.0 mln

  • Opened new full-service branch in Suwanee, Georgia, expanding footprint

Outlook

  • Company sees positive momentum in balance sheet growth for second half of 2025

Result Drivers

  • NET INTEREST INCOME - Increase driven by higher yields on loans and investment securities

  • LOAN SALES - Gain on sale of loans rose significantly, indicating successful sales strategies

  • BRANCH EXPANSION - Opened new branch in Georgia as part of strategic growth plan

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

$0.62

Q2 Net Income

$9.07 mln

Q2 Net Interest Income

$25.99 mln

Q2 Loan Loss Provision

$1.79 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 PCB Bancorp is $22.50, about 4.4% above its July 23 closing price of $21.52

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw2KklW6a

(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.)

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