PCB Bancorp Q4 net income $10.7M ($0.70 EPS); declares $0.15 dividend; cyber lawsuit filed

PCB BANCORP

2021-FY EPS reported $2.62 revenue$2,369,000

Net income $10.7M for Q4 2021, vs $11.0M prior quarter and $5.8M year ago.
Full-year 2021 net income $40.1M ($2.62 EPS), up from $16.2M in 2020.
Net interest margin 3.87%; provision reversal of $1.5M in Q4.
Total assets $2.15B (+11.8% YoY); loans held-for-investment $1.73B (+9.4% YoY).
Board declares $0.15 quarterly cash dividend payable Feb 18, 2022; also discloses cyber incident-related lawsuit filed Dec 16, 2021.

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