secwatch.observer — SEC 8-K summary
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Issuer:     PCB BANCORP (PCB)
CIK:        0001423869
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001423869-21-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCB Bancorp reports record Q3 net income of $11.0M, EPS $0.73, declares $0.12 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423869/000142386921000040/0001423869-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423869/000142386921000040/pcb-20211028.htm
  HTML page:      https://secwatch.observer/filing/0001423869-21-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer