---
schema_version: "secwatch.filing_event.v1"
accession: "0001423869-23-000018"
form_type: "8-K"
ticker: "PCB"
cik: "0001423869"
company_name: "PCB BANCORP"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:14:11.355972+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PCB Bancorp reports Q1 2023 net income of $10.3M ($0.70 EPS); deposits up 4.7%

## Summary
- Net income $10.3M, $0.70 diluted EPS vs $0.58 in Q4 2022 and $0.67 in Q1 2022.
- Net interest margin 3.79%, down from 4.15%; net interest income $22.4M, down 7.6% QoQ.
- Total deposits $2.14B, up 4.7% QoQ; no significant outflows after regional bank failures.
- Provision reversal of $2.8M driven by net recoveries of $1.1M and lower classified loans.
- Completed share repurchase of 747,938 shares at weighted-average price of $18.15.

## SEC filing metadata
- accession: 0001423869-23-000018
- form_type: 8-K
- ticker: PCB
- cik: 0001423869
- company_name: PCB BANCORP
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423869/000142386923000018/0001423869-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423869/000142386923000018/pcb-20230421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423869-23-000018
- JSON: https://secwatch.observer/filing/0001423869-23-000018.json
- Plain text: https://secwatch.observer/filing/0001423869-23-000018.txt

## Key facts
- Earnings Releases
  PCB BANCORP reported first quarter of 2023 results: net income $10.3 million, EPS $0.70 per diluted common share.
  - Period: first quarter of 2023
  - Net income: $10.3 million
  - EPS: $0.70 per diluted common share
  - Result: reported results
  source text: PCB Bancorp Reports Earnings of $10.3 million for Q1 2023 Los Angeles, California - April 21, 2023 - PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income of $10.3 million, or $0.70 per diluted common share, for the first quarter of 2023, compared with $8.7 million, or $0.58 per diluted common share, for the previous quarter and $10.2 million, or $0.67 per diluted common share, for the year-ago quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423869/000142386923000018/0001423869-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.