secwatch.observer — SEC 8-K summary
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Issuer:     PCB BANCORP (PCB)
CIK:        0001423869
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001423869-23-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCB Bancorp Q2 net income $7.5M ($0.52/sh) down 27% QoQ; net interest margin compresses to 3.55%
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- Net income $7.5M ($0.52 diluted EPS) vs $10.3M ($0.70) prior Q and $9.1M ($0.60) year ago.
- Net interest margin 3.55% down from 3.79% prior Q and 4.01% year ago; net interest income $21.7M.
- Provision for credit losses $197K vs reversal of $2.8M prior Q; ACL on loans ratio 1.17%.
- Quarterly cash dividend of $0.18 per share declared, payable Aug 18 to record Aug 11.
- Total assets $2.56B; deposits $2.19B; established $268.9M additional borrowing capacity via Fed program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423869/000142386923000040/0001423869-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423869/000142386923000040/pcb-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001423869-23-000040

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