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.)