Highest-materiality recent filing
California BanCorp Q2 net income $14.3M, EPS $0.44; dividend raised to $0.12
Net income $14.3M ($0.44 diluted EPS) vs $13.8M ($0.42) in Q1 2026 and $14.1M ($0.43) in Q2 2025.
Quarterly cash dividend of $0.10 per share declared, payable July 15, 2026 to holders of record June 23, 2026.
California BanCorp resolves two nonaccrual loans after cash sale of LA-area event venue
Two nonaccrual loans secured by a 123-acre property (event venue) in Los Angeles area fully repaid after cash sale.
California BanCorp Q1 net income $13.8M ($0.42 EPS); NPAs rise to 0.97%
Net income $13.8M ($0.42 diluted) vs $16.4M ($0.50) in Q4 2025 and $16.9M ($0.52) in Q1 2025.
California BanCorp declares $0.10 quarterly cash dividend payable April 15, 2026
Quarterly cash dividend of $0.10 per share on common stock declared.
California BanCorp enters amended employment agreement with CEO David I. Rainer through 2029
CEO David I. Rainer's amended employment agreement runs from March 1, 2026 to March 1, 2029, plus one year as Executive Director.
California BanCorp reports Q4 net income $16.4M ($0.50/diluted EPS); full-year $63.1M
Q4 net income $16.4M vs $15.7M Q3; diluted EPS $0.50 vs $0.48; NIM 4.44% vs 4.52%.
CEO Steven Shelton retires; Chairman David Rainer appointed CEO effective Dec 31, 2025
Steven Shelton retired as CEO and director of California BanCorp and its bank subsidiary, effective Dec 31, 2025; he will serve as advisory transition partner through Dec 2026.
California BanCorp declares first quarterly dividend of $0.10/share
First quarterly cash dividend approved by Board on December 4, 2025.
California BanCorp Q3 net income rises to $15.7M; deposits up $147.4M; NPA ratio falls to 0.38%
Net income of $15.7M ($0.48 diluted EPS) vs $14.1M in Q2 2025 and a net loss of $16.5M in Q3 2024.
California BanCorp director Richard Martin resigns effective August 20, 2025
Richard Martin resigned from the board of California BanCorp and its subsidiary California Bank of Commerce.
California BanCorp Q2 net income $14.1M ($0.43 EPS); NIM 4.61%; NPA ratio falls to 0.46%
Net income of $14.1M vs $16.9M in Q1 2025 and $190K in Q2 2024; diluted EPS $0.43 (Q1: $0.52).
California BanCorp shareholders elect 12 directors, ratify RSM as auditor
Annual meeting held May 21, 2025; all 12 director nominees elected with >22.6M 'for' votes each.
California Bancorp boosts share repurchase program to 1.6M shares, redeems $18M subordinated notes
Share repurchase authorization increased from 550,000 to 1.6 million shares, representing ~4.9% of outstanding shares.
California BanCorp Q1 net income $16.9M, EPS $0.52; NIM 4.65%, TBV rises to $12.29
Net income $16.9M ($0.52 diluted EPS), vs $16.8M ($0.51) in Q4 2024 and $4.9M ($0.26) in Q1 2024.
California BanCorp reports Q4 net income of $16.8M, EPS $0.51, vs Q3 loss
Net income $16.8M ($0.51 diluted) in Q4 2024 vs net loss $16.5M ($0.59) in Q3; full year net income $5.4M vs $25.9M in 2023.
California BanCorp posts Q3 net loss of $16.5M on merger costs and CECL provision
Net loss of $16.5M ($0.59 diluted loss) vs net income of $190K in Q2 2024 and $6.6M in Q3 2023.
CBC reports Q2 2024 net loss of $5.86M; provision for credit losses jumps to $13.5M
Net loss of $5.86M in Q2 2024 vs net income $5.44M in Q2 2023; six-month loss $2.04M vs income $10.89M.
California BanCorp COO Thomas Sa resigns; Michele Wirfel appointed
Thomas Sa resigned as COO of California BanCorp and its bank subsidiary on Sept 20, 2024; no disagreement cited.
CBC stockholders received 1.590 shares of BCAL common stock per CBC share; total ~13.6M shares issued.
Q2 net income $190k ($0.01 diluted EPS) vs $4.9M ($0.26) in Q1; $4.8M after-tax OREO charge hurt results.
At special meetings on July 17, 2024, shareholders of BCAL and CALB voted overwhelmingly to approve the merger of equals.
Southern California Bancorp elects nine directors, ratifies RSM US LLP as auditor
At June 4, 2024 annual meeting, nine directors elected: Di Tomaso, Golds, Machado, Martin, Rainer, Varjavand, Volk, Williams, Wolman.
BCAL and CALB receive OCC, Fed approvals for merger; expect Q3 2024 close
Received regulatory approvals from OCC and Federal Reserve Bank of San Francisco for merger of equals.
Southern California Bancorp amends 8-K on auditor change; Eide Bailly engagement ends May 8, 2024
Eide Bailly completed Q1 2024 interim review on May 8, 2024; engagement terminated that date.
Southern California Bancorp Q1 net income $4.9M, EPS $0.26; NIM narrows to 3.80%; NPA ratio rises
Net income $4.9M ($0.26 diluted) vs $4.4M ($0.24) Q4 2023 and $8.2M ($0.44) Q1 2023.
RSM US LLP appointed as independent auditor for fiscal year ending Dec 31, 2024, replacing Eide Bailly.
SCB and CBC announce all-stock merger of equals valued at ~$233.6M
Each CALB share to be exchanged for 1.590 SCB shares; deal value ~$26.54/share based on Jan 29 close.
Southern California Bancorp reports Q4 net income $4.4M, announces merger with California BanCorp
Q4 net income $4.4M ($0.24 diluted EPS) vs $6.6M ($0.35) Q3; full year $25.9M ($1.39), up 61% from 2022.
Southern California Bancorp announces retirement of Chairman Emeritus John Farkash
John Farkash retired as Chairman Emeritus and Director of the Company and its bank subsidiary, effective Jan 16, 2024, due to health reasons.
Eide Bailly LLP notified Company on Nov 17, 2023, that it is exiting financial institution SEC audit practice.
Southern California Bancorp Reports Q3 2023 Net Income of $6.6M, EPS $0.35
Net income of $6.6 million for Q3 2023, compared to $6.9 million in Q3 2022.
Southern California Bancorp annual meeting elects ten directors, ratifies auditor
All ten director nominees elected with over 14.3 million 'for' votes each; broker non-votes ~1.5 million per nominee.
Southern California Bancorp Q2 net income $6.7M, EPS $0.36, down from Q1; NIM 4.36%
Net income of $6.7M ($0.36 diluted EPS) vs. $8.2M ($0.44) in Q1 2023 and net loss of $736K in Q2 2022.
Southern California Bancorp authorizes repurchase of up to 550,000 shares (3% of outstanding)
Board authorized repurchase of up to 550,000 shares of common stock, representing ~3% of outstanding shares.
Southern California Bancorp appoints Richard Martin as director; CCO Anne Williams retires
Richard Martin appointed to boards of Company and Bank effective May 18, 2023; will serve on Audit and Risk Committee.
Southern California Bancorp's Form 10 effective; stock to trade on Nasdaq Capital Market under BCAL
Registration Statement on Form 10 declared effective by SEC.
On September 20, 2024, Thomas A. Sa resigned as Chief Operating Officer of California BanCorp (the “Company”) and its wholly-owned subsidiary, California Bank of Commerce, N.A.(the “Bank”)
Michele M. Wirfel, the Chief Administrative Officer of the Company, was appointed to the Chief Operating Officer position of the Company and the Bank on September 20, 2024 following Mr. Sa’s resignation.
the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).
the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).
the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).
Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.
the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).
Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.
the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).
the following six (6) former directors of CBC were appointed to serve as directors on the Company’s board of directors (the “Board”), effective as of the Effective Time: Steven E. Shelton, Stephen A. Cortese, Andrew J. Armanino, Jr., Kevin J. Cullen, Rochelle G. Klein and Frank L. Muller (the “New Directors”).
David I. Rainer became the Executive Chairman of the Company and Company Bank and stepped down from his position as Chief Executive Officer.
Irwin Golds, Kaveh Varjavand and Anita Wolman (the “Retiring Directors”) retired from the SCB Board effective at the Effective Time.
Max materiality 1.00 · Median 0.65 · Most common event earnings