California BanCorp (BCAL) investor relations material

Executive summary

• Achieved net income of $14.3 million ($0.44 per diluted share) in Q2 2026, up from $13.8 million ($0.42) in Q1 2026 and $14.1 million ($0.43) in Q2 2025.

• Expanded California footprint through merger, now serving both Northern and Southern California business markets.

• Management team strengthened with five new experienced bankers in early 2026.

• Focus on commercial and industrial, and commercial real estate lending to small and middle-market businesses.

• Quarterly dividend increased by $0.02 to $0.12 per share, effective Q3 2026.

Financial highlights

• Q2 2026 net income was $14.3M, up 3.7% from Q1 2026; diluted EPS rose to $0.44, up 4.25% sequentially.

• Net interest income rose to $43.4 million from $42.1 million in the prior quarter.

• Net interest margin improved to 4.71% from 4.47% in Q1 2026.

• Total loans reached $3.11B at June 30, 2026, up 3.8% from March 31, 2026.

• Pre-tax, pre-provision income increased 9.9% to $20.6M quarter-over-quarter.

Outlook and guidance

• Management highlights scalable business model and ongoing recruitment of in-market talent.

• Continued focus on organic growth and opportunistic M&A.

• Management remains confident in disciplined, profitable growth and franchise strength despite competitive pressures.

• Plans to redeem $35 million of subordinated debt in Q3 2026 as interest rate transitions to variable.