PCB Bancorp (PCB) investor relations material

Executive summary

• Record Q3 net income was $12.2 million; net income available to common shareholders was $12.1 million, or $0.85 per diluted share, up 16.3% QoQ and 7.0% YoY.

• At September 30, total assets were $3.54 billion, deposits were $3.08 billion and HFI loans were $2.845 billion; deposits rose 5.6% YoY and 10.1% from year-end 2025.

• Management cited strong retail deposit growth and disciplined balance-sheet management; selective reductions in large commercial relationships weighed on loan balances.

Financial highlights

• Q3 net interest income was $28.8 million, up 4.8% QoQ and 6.8% YoY; net interest income after provision for credit losses rose 11.1% QoQ to $29.5 million.

• Interest income was $52.5 million and interest expense was $23.7 million; YoY, interest income rose 2.0% while interest expense declined 3.4%.

• Noninterest income was $3.6 million, up 11.6% QoQ and 4.7% YoY; noninterest expense was $16.1 million, up 6.2% QoQ and 8.0% YoY.

• Credit-loss provision was a $705,000 reversal, compared with a $926,000 provision in Q2 2026.

• Nine-month net income was $33.4 million, up 18.3% YoY; net income available to common shareholders was $33.1 million, or $2.32 diluted EPS.

Segment performance

• HFI loans were $2.845 billion, up 3.4% YoY; quarterly production was $156.6 million and average loan yield was 6.45%.

• Q3 HFI loans declined 3.0% QoQ, reflecting $175.2 million of term-loan paydowns and payoffs and a $37.6 million net decrease in lines of credit, partly offset by $125.6 million of new term-loan funding.

• CRE represented 69.4% of HFI loans, C&I 15.8% and consumer loans 14.8%; CRE totaled $1.98 billion, with 76.3% in California and 59.7% in Los Angeles County.

• Deposits totaled $3.08 billion; core deposits were $1.98 billion, or 64.5% of total deposits, and noninterest-bearing deposits were $579.8 million, or 18.8%.