---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-042777"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:21:44.121697+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# California BanCorp posts Q3 net loss of $16.5M on merger costs and CECL provision

## Summary
- Net loss of $16.5M ($0.59 diluted loss) vs net income of $190K in Q2 2024 and $6.6M in Q3 2023.
- Day-one CECL provision of $15.0M after-tax on non-PCD loans and merger expenses of $10.6M.
- Adjusted net income (non-GAAP) $9.1M ($0.33 diluted); net interest margin rose to 4.43% from 3.94%.
- Nonperforming assets to total assets 0.68% vs 0.20% prior quarter; tangible book value fell to $11.28 from $13.71.
- Merger closed July 31, creating $4.25B asset company; total loans $3.23B, deposits $3.74B, cost of deposits 2.09%.

## SEC filing metadata
- accession: 0001493152-24-042777
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1795815/000149315224042777/0001493152-24-042777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000149315224042777/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-042777
- JSON: https://secwatch.observer/filing/0001493152-24-042777.json
- Plain text: https://secwatch.observer/filing/0001493152-24-042777.txt

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