secwatch.observer — SEC 8-K summary
======================================

Issuer:     PCB BANCORP (PCB)
CIK:        0001423869
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001423869-23-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423869/000142386923000018/0001423869-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423869/000142386923000018/pcb-20230421.htm
  HTML page:      https://secwatch.observer/filing/0001423869-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer