secwatch.observer — SEC 8-K summary
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Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0001641172-25-021101
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

California BanCorp Q2 net income $14.1M ($0.43 EPS); NIM 4.61%; NPA ratio falls to 0.46%
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- Net income of $14.1M vs $16.9M in Q1 2025 and $190K in Q2 2024; diluted EPS $0.43 (Q1: $0.52).
- Net interest margin 4.61% (4.65% prior quarter); total loan yield 6.58%.
- Reversal of credit losses $634K vs $3.8M provision in prior quarter; net charge-offs $4.1M.
- Nonperforming assets / total assets ratio improved to 0.46% from 0.68% at March 31, 2025.
- Redeemed $18M subordinated notes; tangible book value rose to $12.82 per share from $12.29.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000164117225021101/0001641172-25-021101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000164117225021101/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-021101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer