---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004229"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:08:35.164863+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Southern California Bancorp reports Q4 net income $4.4M, announces merger with California BanCorp

## Summary
- Q4 net income $4.4M ($0.24 diluted EPS) vs $6.6M ($0.35) Q3; full year $25.9M ($1.39), up 61% from 2022.
- Net interest margin 4.05% in Q4 (vs 4.23% Q3); full year 4.33% (vs 4.06% previous year).
- Tangible book value per share $13.56, up from $13.08 Q3; total assets $2.36B.
- Entered into a merger agreement with California BanCorp; further details in a separate release.
- Provision for credit losses $824K in Q4 vs $96K reversal in Q3; $1.3M charge-off on a nonaccrual multifamily loan.

## SEC filing metadata
- accession: 0001493152-24-004229
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000149315224004229/0001493152-24-004229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000149315224004229/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004229
- JSON: https://secwatch.observer/filing/0001493152-24-004229.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004229.txt

## Key facts
- Earnings Releases
  California BanCorp \ CA reported the fourth quarter and the full year of 2023 results: net income $4.4 million for the fourth quarter of 2023, or $0.24 per diluted share, EPS $0.24 per diluted share.
  - Period: the fourth quarter and the full year of 2023
  - Net income: $4.4 million for the fourth quarter of 2023, or $0.24 per diluted share
  - EPS: $0.24 per diluted share
  - Result: reported results
  source text: Southern California Bancorp reported net income of $4.4 million for the fourth quarter of 2023, or $0.24 per diluted share, compared to net income of $8.5 million, or $0.46 per diluted share in the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1795815/000149315224004229/0001493152-24-004229-index.htm

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