PCB Bancorp Q4 net income down 32% YoY to $5.9M; NIM compresses to 3.40%

PCB BANCORP

2023-FY EPS reported $2.12 revenue$2,650,000

Diluted EPS $0.41 vs $0.49 prior quarter and $0.58 year ago; full-year EPS $2.12 vs $2.31.
Net interest margin 3.40% (Q4) vs 3.57% prior quarter and 4.15% year ago; net interest income $21.9M.
Provision for credit losses $1.7M (Q4) vs $751K prior quarter and $1.1M year ago.
Loans held-for-investment $2.32B, up 7.2% QoQ; deposits $2.35B, up 7.3% QoQ.
Quarterly dividend of $0.18/share declared, payable Feb 16, 2024 to holders of record Feb 9.

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 2023 results: net income $30.7 million, EPS $2.12 per diluted common share.

Period: 2023
Net income: $30.7 million
EPS: $2.12 per diluted common share
Result: reported results

Exact text from the filing

For 2023, net income was $30.7 million, or $2.12 per diluted common share, compared with $35.0 million and $2.31 per diluted common share, for the previous year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PCB BANCORP reported the fourth quarter of 2023 results: net income $5.9 million, EPS $0.41 per diluted common share.

Period: the fourth quarter of 2023
Net income: $5.9 million
EPS: $0.41 per diluted common share
Result: reported results

Exact text from the filing

PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income of $5.9 million, or $0.41 per diluted common share, for the fourth quarter of 2023, compared with $7.0 million, or $0.49 per diluted common share, for the previous quarter and $8.7 million, or $0.58 per diluted common share, for the year-ago quarter.

View on SEC.gov

Browse all earnings releases →

PCB BANCORP filing history →

Source: SEC EDGAR

accession 0001423869-24-000002

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.