Overview

* California Bancorp Q3 net income at $15.7 mln, up from Q2 2025

* Net interest margin for Q3 2025 decreased to 4.52% from 4.61% in Q2

* Company repurchased 89,500 shares at $15.22 average price under buyback program

Outlook

* Company plans to continue share repurchases to enhance shareholder value

Result Drivers

* DEPOSIT AND LOAN GROWTH - Co reports strong deposit growth of $147.4 mln and loan originations of $158.4 mln, offset by payoffs and paydowns

* DERISKING STRATEGY - Decrease in non-performing assets to total assets ratio to 0.38% from 0.46% in Q2, with no material charge-offs

* CAPITAL MANAGEMENT - Co paid off $20.0 mln in high-cost subordinated notes and continued share repurchase program

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $15.68

Income mln

Q3 Net $42.51

Interest mln

Income

Q3 Net 4.52%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for California Bancorp ( BCAL ) is $19.00, about 9.4% above its October 27 closing price of $17.21

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)