Southern California Bancorp Q2 net income $6.7M, EPS $0.36, down from Q1; NIM 4.36%

California BanCorp \ CA

2023-Q2 EPS reported $0.80

Net income of $6.7M ($0.36 diluted EPS) vs. $8.2M ($0.44) in Q1 2023 and net loss of $736K in Q2 2022.
Net interest margin narrowed to 4.36% from 4.71% as deposit costs rose 49 bps to 1.29%.
Total loans grew $19.9M to $1.91B; nonperforming assets negligible at 0.002% of assets.
Noninterest-bearing deposits fell to 39.2% of total deposits vs. 44.4% in Q1; cost of funds up 50 bps to 1.38%.
Tangible book value per share increased 2.6% to $12.82 from $12.49 in Q1.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

California BanCorp \ CA reported the second quarter of 2023 results: net income net income of $6.7 million, EPS $0.36 per diluted share.

Period: the second quarter of 2023
Net income: net income of $6.7 million
EPS: $0.36 per diluted share
Result: reported results

Exact text from the filing

On July 25, 2023, Southern California Bancorp (the “Company”) issued an earnings release reporting its consolidated financial results as of and for the second quarter of 2023.

View on SEC.gov

Browse all earnings releases →

California BanCorp \ CA filing history →

Source: SEC EDGAR

accession 0001493152-23-025443

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.