---
schema_version: "secwatch.filing_event.v1"
accession: "0001423869-24-000027"
form_type: "8-K"
ticker: "PCB"
cik: "0001423869"
company_name: "PCB BANCORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:47:20.800568+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PCB Bancorp Q1 net income $4.7M ($0.33), down 54.5% YoY; NIM compresses to 3.10%

## Summary
- Net income $4.7M, EPS $0.33 vs $0.70 YoY; revenue (NII) $21.0M down 6.3% YoY.
- Net interest margin 3.10% vs 3.79% YoY; cost of total funding rose to 3.76% from 2.33%.
- Non-recurring expenses: $1.0M core conversion charge and $815K SBA recovery demand.
- Loans held-for-investment $2.40B (+14.6% YoY); deposits $2.40B (+12.2% YoY).
- Declares $0.18/share dividend payable May 17; ECIP preferred dividend to start Q2 2024 at 2% annual rate.

## SEC filing metadata
- accession: 0001423869-24-000027
- form_type: 8-K
- ticker: PCB
- cik: 0001423869
- company_name: PCB BANCORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423869/000142386924000027/0001423869-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423869/000142386924000027/pcb-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423869-24-000027
- JSON: https://secwatch.observer/filing/0001423869-24-000027.json
- Plain text: https://secwatch.observer/filing/0001423869-24-000027.txt

## Key facts
- Earnings Releases
  PCB BANCORP reported first quarter of 2024 results: net income $4.7 million, EPS $0.33 per diluted common share.
  - Period: first quarter of 2024
  - Net income: $4.7 million
  - EPS: $0.33 per diluted common share
  - Result: reported results
  source text: PCB Bancorp Reports Earnings of $4.7 million for Q1 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423869/000142386924000027/0001423869-24-000027-index.htm

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