secwatch.observer — SEC 8-K summary
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Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001493152-26-019246
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

California BanCorp Q1 net income $13.8M ($0.42 EPS); NPAs rise to 0.97%
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- Net income $13.8M ($0.42 diluted) vs $16.4M ($0.50) in Q4 2025 and $16.9M ($0.52) in Q1 2025.
- Net interest margin improved to 4.47% from 4.44% prior quarter; cost of deposits fell to 1.29%.
- Nonperforming assets increased to $39.2M (0.97% of assets) from $16.1M (0.40%) at Dec 31, 2025.
- Loans held for investment decreased $61.1M to $2.97B; deposits grew $22.9M to $3.39B.
- Repurchased 409,915 shares at avg $18.08 for $7.4M; dividend $0.10 per share declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000149315226019246/0001493152-26-019246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000149315226019246/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-019246

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