earnings
confidence high
sentiment positive
materiality 0.85
PCB Bancorp reports record Q3 net income of $11.0M, EPS $0.73, declares $0.12 dividend
PCB BANCORP
2021-Q3 EPS reported
$1.92
revenue$1,768,000
- Net income $11.0M ($0.73 diluted EPS) vs. $3.4M ($0.22) YoY; net interest margin expanded to 3.93% from 3.43%.
- Net interest income $20.2M (+20% YoY); gain on SBA loan sales $4.3M, up from $0.8M YoY.
- Provision reversal for loan losses of $1.1M; adjusted allowance to loans ratio 1.48% (excluding PPP loans).
- Quarterly cash dividend of $0.12 per share declared Oct 28, payable Nov 19 to holders of record Nov 12.
- Disclosed a ransomware incident on Aug 30 impacting customer data; remediation and notifications ongoing.