PCB Bancorp reported record third-quarter 2026 earnings, with net income available to common shareholders rising to $12.1 million, or $0.85 per diluted share. The bank holding company also declared a quarterly cash dividend of $0.22 per share.
Earnings increased from both the prior quarter and a year earlier, as net interest income and margin improved. A reversal of credit-loss provisions also supported the quarter’s results, while loans held for investment declined from June.
Key details
-
Earnings rose year over year and sequentially. Net income available to common shareholders was $12.1 million, compared with $10.4 million in the second quarter of 2026 and $11.3 million in the third quarter of 2025. Diluted earnings per share were $0.85, versus $0.73 and $0.78, respectively.
-
Net interest income and margin improved. Net interest income was $28.8 million, up from $27.5 million in the prior quarter and $27.0 million a year earlier. Net interest margin increased to 3.35%, from 3.33% in the second quarter and 3.28% a year earlier.
-
Credit-loss provisions were reversed. The company recorded a $705,000 reversal of credit-loss provisions in the quarter, compared with a $926,000 provision in the second quarter and a $381,000 reversal a year earlier. The allowance for credit losses stood at 1.20% of loans held for investment at September 30, up from 1.18% at June 30 and level with a year earlier.
-
The loan portfolio contracted from the prior quarter. Loans held for investment totaled $2.84 billion at September 30, down $87.2 million, or 3.0%, from June 30.
-
Assets grew. Total assets were $3.54 billion at September 30, up $67.5 million, or 1.9%, from June 30. They were 7.8% higher than at the end of 2025 and 5.2% above the year-earlier level.
-
Loan-sale gains were steady year over year. Gains on loan sales were $1.6 million, matching the third quarter of 2025 and up from $1.2 million in the second quarter.
-
The dividend is payable in November. The $0.22-per-share cash dividend is scheduled to be paid on or about November 20 to shareholders of record at the close of business on November 13.
PCB Bancorp also provided an investor presentation covering its unaudited third-quarter results for use in future investor discussions. The reported quarter combines stronger net interest income and margin with a credit-loss provision reversal; at the same time, loans held for investment were lower than in the prior quarter.