PCB Bancorp Q3 net income $7.0M ($0.49/diluted); net interest margin improves to 3.57%

PCB BANCORP

2023-Q3 EPS reported $1.71 revenue$1,962,000

Net income of $7.0M, down 6.1% from $7.5M in Q2 2023; EPS $0.49 vs $0.52 prior quarter.
Net interest income $22.4M, up 3.4% QoQ; net interest margin 3.57% vs 3.55%.
Loans held-for-investment grew 2.1% to $2.17B; deposits flat at $2.19B.
Provision for credit losses increased to $751k from $197k in Q2 2023.
Declared $0.18/common share quarterly dividend, payable Nov 17, 2023 to holders of record Nov 9, 2023.

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 0.9

PCB BANCORP reported the third quarter of 2023 results: net income $7.0 million, EPS $0.49 per diluted common share.

Period: the third quarter of 2023
Net income: $7.0 million
EPS: $0.49 per diluted common share
Result: reported results

Exact text from the filing

PCB Bancorp Reports Earnings of $7.0 million for Q3 2023 Los Angeles, California - October 25, 2023 - PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income of $7.0 million, or $0.49 per diluted common share, for the third quarter of 2023

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Source: SEC EDGAR

accession 0001423869-23-000050

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