California BanCorp Q2 net income $14.3M, EPS $0.44; dividend raised to $0.12

California BanCorp \ CA

Net income $14.3M ($0.44 diluted EPS) vs $13.8M ($0.42) in Q1 2026 and $14.1M ($0.43) in Q2 2025.
Net interest margin expanded to 4.71% from 4.47% QoQ; total loans grew $113.7M to $3.11B.
Nonperforming assets fell 55% to $17.5M (0.44% of assets) from $39.2M (0.97%) at March 31.
Quarterly dividend increased $0.02 to $0.12 per share, payable Oct 15, 2026 to record Sep 21.
Company intends to redeem all $35M of 3.50% subordinated debt in Q3 2026.

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