secwatch.observer — SEC 8-K summary
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Issuer:     PCB BANCORP (PCB)
CIK:        0001423869
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001423869-22-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423869/000142386922000029/0001423869-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423869/000142386922000029/pcb-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001423869-22-000029

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