PCB Bancorp Q4 net income $8.7M ($0.58 EPS); record NII $24.3M; declares $0.15 dividend

PCB BANCORP

2022-FY EPS reported $2.31 revenue$2,642,000

Q4 net income $8.7M ($0.58 diluted EPS) vs $7.0M ($0.46) in Q3 and $10.7M ($0.70) a year ago.
Net interest income rose to $24.3M (record); NIM 4.15% vs 4.25% prior quarter and 3.87% year ago.
Total assets $2.42B (+4.0% QoQ); loans held-for-investment $2.05B (+4.4% QoQ); deposits $2.05B (+3.4% QoQ).
Quarterly cash dividend of $0.15/share declared, payable Feb 17, 2023 to holders of record Feb 10.
Stock repurchase program extended to Feb 1, 2024; 331,663 shares remaining under the plan.

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 fourth quarter of 2022 results: net income $8.7 million, EPS $0.58 per diluted common share.

Period: the fourth quarter of 2022
Net income: $8.7 million
EPS: $0.58 per diluted common share
Result: reported results

Exact text from the filing

net income of $8.7 million, or $0.58 per diluted common share, for the fourth quarter of 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PCB BANCORP reported the year ended December 31, 2022 results: net income $35.0 million, EPS $2.31 per diluted common share.

Period: the year ended December 31, 2022
Net income: $35.0 million
EPS: $2.31 per diluted common share
Result: reported results

Exact text from the filing

For 2022, net income was $35.0 million, or $2.31 per diluted common share

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PCB BANCORP filing history →

Source: SEC EDGAR

accession 0001423869-23-000003

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