secwatch.observer — SEC 8-K summary
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Issuer:     PCB BANCORP (PCB)
CIK:        0001423869
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001423869-24-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423869/000142386924000027/0001423869-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423869/000142386924000027/pcb-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001423869-24-000027

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