California BanCorp Q3 net income falls to $14.0 million, or $0.43 a diluted share
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 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.