California BanCorp Q1 net income $16.9M, EPS $0.52; NIM 4.65%, TBV rises to $12.29

California BanCorp \ CA

2025-Q1 EPS reported $0.52

Net income $16.9M ($0.52 diluted EPS), vs $16.8M ($0.51) in Q4 2024 and $4.9M ($0.26) in Q1 2024.
Net interest margin improved to 4.65% from 4.61% QoQ; cost of deposits fell to 1.59% from 1.87%.
Tangible book value per share $12.29, up $0.58 from prior quarter; total assets $3.98B.
Nonperforming assets ratio improved to 0.68% from 0.76%; allowance for credit losses $48.3M.
Loan portfolio decreased $70.4M QoQ; brokered deposits reduced by $107.4M to $13.8M.

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