---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-016848"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:41:16.439437+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southern California Bancorp Q1 net income $4.9M, EPS $0.26; NIM narrows to 3.80%; NPA ratio rises

## Summary
- Net income $4.9M ($0.26 diluted) vs $4.4M ($0.24) Q4 2023 and $8.2M ($0.44) Q1 2023.
- Net interest margin 3.80% down from 4.05%; cost of deposits up to 2.05% from 1.81%.
- Loans held for investment fell $74.2M; total assets $2.29B down 3.0%.
- Nonperforming assets to total assets 0.84% vs 0.55% prior quarter; OREO added $13.1M multifamily.
- Merger with California BanCorp expected to close later 2024; $547k after-tax merger expenses.

## SEC filing metadata
- accession: 0001493152-24-016848
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000149315224016848/0001493152-24-016848-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000149315224016848/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-016848
- JSON: https://secwatch.observer/filing/0001493152-24-016848.json
- Plain text: https://secwatch.observer/filing/0001493152-24-016848.txt

## Key facts
- Earnings Releases
  California BanCorp \ CA reported the first quarter of 2024 results: net income $4.9 million, EPS $0.26 per diluted share.
  - Period: the first quarter of 2024
  - Net income: $4.9 million
  - EPS: $0.26 per diluted share
  - Result: reported results
  source text: Southern California Bancorp reported net income of $4.9 million for the first quarter of 2024, or $0.26 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1795815/000149315224016848/0001493152-24-016848-index.htm

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