secwatch.observer — SEC 8-K summary
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Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001641172-25-005945
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000164117225005945/0001641172-25-005945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000164117225005945/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-005945

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