Southern California Bancorp Reports Q3 2023 Net Income of $6.6M, EPS $0.35

California BanCorp \ CA

2023-Q3 EPS reported $1.15

Net income of $6.6 million for Q3 2023, compared to $6.9 million in Q3 2022.
Net interest margin decreased to 4.23% from 4.36% in the prior quarter.
Nonperforming assets ratio increased to 0.62% due to a $14.3M multifamily loan placed on non-accrual.
Tangible book value per share rose to $13.08 from $12.82 in the prior quarter.
Total deposits remained steady at $1.98 billion.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

California BanCorp \ CA reported third quarter of 2023 results: net income $6.6 million, EPS $0.35 per diluted share.

Period: third quarter of 2023
Net income: $6.6 million
EPS: $0.35 per diluted share
Result: reported results

Exact text from the filing

Southern California Bancorp reported net income of $6.6 million for the third quarter of 2023, or $0.35 per diluted share

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Source: SEC EDGAR

accession 0001493152-23-038342

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