secwatch.observer — SEC 8-K summary
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Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001493152-25-006127
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

California BanCorp reports Q4 net income of $16.8M, EPS $0.51, vs Q3 loss
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- Net income $16.8M ($0.51 diluted) in Q4 2024 vs net loss $16.5M ($0.59) in Q3; full year net income $5.4M vs $25.9M in 2023.
- Net interest margin expanded to 4.61% from 4.43% in Q3; average loan yield increased to 6.84% from 6.79%.
- Reversal of provision for credit losses of $3.8M vs $23.0M provision in Q3, which included day-one merger charge.
- Tangible book value per share rose $0.43 to $11.71; total assets $4.03B, down 7.6% from September 30.
- Noninterest-bearing deposits 37.0% of total; brokered deposits cut to $121.1M from $222.6M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000149315225006127/0001493152-25-006127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000149315225006127/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-006127

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