Overview

* California Bancorp ( BCAL ) Q2 net income rises yr/yr

* Company's net interest margin declines slightly from previous quarter

* Non-performing assets ratio improves as company derisks balance sheet

Outlook

* Company expects Sponsor Finance portfolio to run off by year-end

* Company anticipates no significant impact from tariffs on client operations

* California Bancorp ( BCAL ) focuses on organic growth through relationship banking

* Company observes client hesitancy due to economic uncertainty

Result Drivers

* DERISKING STRATEGY - Reduction in Sponsor Finance portfolio and brokered deposits completed, improving credit quality

* NON-PERFORMING ASSETS - Significant decrease in non-performing assets ratio to 0.46% from 0.68%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.43

Q2 Net $14.10

Income mln

Q2 Net $41.42

Interest mln

Income

Q2 Net 4.6%

Interest

Margin

Press Release:

(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.)