PCB Bancorp Q3 net income $7.0M ($0.46 EPS) down 23% QoQ; dividend $0.15

PCB BANCORP

2022-Q3 EPS reported $1.73 revenue$2,006,000

Net income $7.0M ($0.46 diluted EPS) vs $9.1M ($0.60) in Q2 2022 and $11.0M ($0.73) in Q3 2021.
Net interest income $24.0M, NIM 4.25% (up 24bp QoQ); loans held-for-investment grew 6.9% QoQ to $1.96B.
Provision for loan losses $3.8M (vs $(109K) in Q2 2022); net charge-offs $1.1M.
Quarterly dividend of $0.15/sh, payable Nov 18, 2022 to holders of record Nov 10, 2022.
Bank renamed to PCB Bank; opened 2 new branches in Dallas, TX and Palisades Park, NJ.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PCB BANCORP reported the third quarter of 2022 results: net income $7.0 million, EPS $0.46 per diluted common share.

Period: the third quarter of 2022
Net income: $7.0 million
EPS: $0.46 per diluted common share
Result: reported results

Exact text from the filing

PCB Bancorp Reports Earnings of $7.0 million for Q3 2022 Los Angeles, California - October 27, 2022 - PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income of $7.0 million, or $0.46 per diluted common share, for the third quarter of 2022, compared with $9.1 million, or $0.60 per diluted common share, for the previous quarter and $11.0 million, or $0.73 per diluted common share, for the year-ago quarter.

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Source: SEC EDGAR

accession 0001423869-22-000029

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