California BanCorp (BCAL) investor relations material

Executive summary

• Net income for Q2 2026 was $14.3M ($0.44/diluted share), up from $13.8M in Q1 2026 and $14.1M in Q2 2025, driven by higher net interest income and lower noninterest expense, partially offset by increased provision for credit losses and lower noninterest income.

• 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.

• Strong loan growth of $113.7M (3.8%) quarter-over-quarter, with total loans reaching $3.11B.

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

Financial highlights

• Net interest income for Q2 2026 was $43.4M, up $1.9M year-over-year; net interest margin expanded to 4.71% from 4.47% sequentially.

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

• Nonperforming loans dropped 70.9% to $8.9M; nonperforming assets/total assets at 0.44%.

• Noninterest expense decreased $487K year-over-year to $24.3M in Q2 2026.

• Efficiency ratio improved to 54.22% from 57.69% sequentially.

Outlook and guidance

• Management highlights scalable business model, ongoing recruitment, and confidence in disciplined, profitable growth despite competitive pressures.

• Continued focus on organic growth, opportunistic M&A, and plans to redeem $35M of subordinated debt in Q3 2026.

• Management continues to monitor inflation, interest rate risk, and economic uncertainty, especially in California.