Every material Form 8-K California BanCorp \ CA has filed with the SEC since July 27, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
California BanCorp's Board authorized an additional 1.6 million shares for repurchase under its existing program, raising the total authorization to 3.2 million shares from 1.6 million. The company said it will fund repurchases from working capital and operating cash flow, and the program has no expiration date. For shareholders, the expansion signals a larger capital-return program, though the filing does not state how many shares the company plans to buy.
Board authorized 1.6 million additional shares on November 5, 2026, for a total of 3.2 million under the program.
As of November 3, 2026, about 557,315 shares remained under the prior authorization; since inception, the company has repurchased 1,042,685 shares for $19.7 million.
The additional 1.6 million shares represent about 5.0% of outstanding common stock; the program may be suspended, modified, or terminated at any time.
California BanCorp reported third-quarter 2026 net income of $14.0 million, or $0.43 per diluted share, down from $14.3 million, or $0.44, in the second quarter and $15.7 million, or $0.48, a year earlier. Net interest income rose to $44.1 million, but the company cited higher credit loss provisions and noninterest expense for the decline in profit, while deposits and loans grew.
Net income $14.0 million, or $0.43 per diluted share, versus $14.3 million ($0.44) in Q2 2026 and $15.7 million ($0.48) in Q3 2025
Net interest margin 4.61%, down from 4.71% in the prior quarter; provision for credit losses $3.2 million versus $714 thousand
Total deposits $3.48 billion, up $117.4 million or 3.5%; total loans $3.16 billion, up 1.7% from June 30, 2026
Repurchased 209,348 shares for $4.6 million in Q3 2026 and redeemed all $35.0 million of 3.50% subordinated debt
California BanCorp reported second-quarter 2026 net income of $14.3 million, or $0.44 per diluted share, up from $13.8 million, or $0.42, in the first quarter. Its board also approved a quarterly dividend of $0.12 per share, up $0.02 from the prior quarter, payable October 15, 2026. Nonperforming assets fell to 0.44% of total assets from 0.97%, which shows improved credit quality for shareholders.
Net income of $14.3 million, or $0.44 per diluted share, versus $13.8 million, or $0.42, in Q1 2026
Net interest margin of 4.71%, compared with 4.47% in the prior quarter
Nonperforming assets were 0.44% of total assets at June 30, 2026, down from 0.97% at March 31, 2026
Quarterly dividend of $0.12 per share payable October 15, 2026, to holders of record on September 21, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every California BanCorp \ CA filing is on SEC EDGAR ↗. 8-K briefs of other companies →