Overview

* PCB Bancorp ( PCB ) Q3 net income rises to $11.3 mln, EPS at $0.78

* Company reports net interest income of $27.0 mln, up from $22.7 mln year-ago

* Total assets increase to $3.36 bln, deposits grow to $2.91 bln

Outlook

* Company remains cautiously optimistic amid U.S. government shutdown

* Company highlights stable loan pipeline and strong capital levels

Result Drivers

* NET INTEREST INCOME - Increase in net interest income contributed to record earnings, per CEO Henry Kim

* SBA LOAN SALES - Gain on sale of SBA loans supported earnings growth

* CREDIT LOSS REVERSAL - Reversal for credit losses contributed to earnings increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.78

Q3 Net $11.41

Income mln

Q3 Net $26.97

Interest mln

Income

Q3 Loan -$381,00

Loss 0

Provisio

n

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 PCB Bancorp ( PCB ) is $23.25, about 11.6% above its October 21 closing price of $20.56

* The stock recently traded at 8 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.)