---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-005945"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:13:35.891065+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-005945
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000164117225005945/0001641172-25-005945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000164117225005945/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-005945
- JSON: https://secwatch.observer/filing/0001641172-25-005945.json
- Plain text: https://secwatch.observer/filing/0001641172-25-005945.txt

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