PBAM

Third Quarter 2026 Highlights - Net income for the third quarter of 2026 was $11.4 million, compared to $13.1 million in the prior quarter and $9.7 million in the third quarter of 2025. - Net income for the third quarter of 2026 represents a return on average assets of 1.65% and a return on average tangible common equity(1) of 15.62%. - Diluted earnings per share for the third quarter of 2026 was $1.97, compared to $2.27 in the prior quarter and $1.65 in the third quarter of 2025. - Core deposits were $2.36 billion as of September 30, 2026, an increase of $31.8 million, or 1.4%, from June 30, 2026, and an increase of $171.5 million, or 7.8%, from September 30, 2025. Total deposits were $2.41 billion. There was no change to the balance in brokered deposits. - Total cost of deposits was 1.66% for the third quarter of 2026, compared to 1.63% in the prior quarter and 2.02% in the third quarter of 2025, an increase of 3 bps quarter over quarter and a decrease of 17.8% year over year. The spot rate for total deposits was 1.68% as of September 30, 2026, compared to 1.65% at June 30, 2026. Total cost of funding sources was 1.71% for the third quarter of 2026, compared to 1.68% in the prior quarter and 2.08% in the third quarter of 2025. - Loans held-for-investment ("HFI") totaled $2.19 billion as of September 30, 2026, an increase of $54.0 million, or 2.5%, from June 30, 2026, and an increase of $105.1 million, or 5.0%, from September 30, 2025. - Investment securities available-for-sale ("AFS") were $267.7 million as of September 30, 2026, an increase of $30.6 million, or 12.9%, since June 30, 2026, and an increase of $67.8 million, or 33.9%, from September 30, 2025, primarily as a result of new securities purchased. - Net interest margin was 5.05% for the third quarter of 2026, compared to 5.18% in the prior quarter and 4.65% in the third quarter of 2025. - For the third quarter of 2026, a provision expense of $1.3 million was recorded, compared to a provision reversal of $0.2 million for the prior quarter and a provision expense of $1.8 million for the third quarter of 2025. The allowance for loan losses was 1.45% of loans HFI as of September 30, 2026, compared to 1.43% at June 30, 2026 and 1.38% at September 30, 2025. - As of September 30, 2026, criticized loans totaled $71.9 million, or 3.29% of total loans, compared to $58.0 million, or 2.72% of total loans, at June 30, 2026 and $70.5 million, or 3.39% of total loans, at September 30, 2025. - Tangible book value per share(1) was $50.56 as of September 30, 2026, compared to $49.57 at June 30, 2026 and $44.11 at September 30, 2025. - The Company's Registration Statement on Form 10 (the "Registration Statement") was declared effective by the Securities and Exchange Commission on July 29, 2026, and its common stock began trading on the NASDAQ Global Select Market ("NASDAQ") on July 30, 2026 (the "NASDAQ Uplisting"). Included in the quarter were approximately $0.9 million of expenses associated with the NASDAQ Uplisting, and approximately $1.4 million year to date. LA JOLLA, Calif., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (NASDAQ: PBAM), (the "Company") and CalPrivate Bank (the "Bank") announced unaudited financial results for the third fiscal quarter ended September 30, 2026. The Company reported net income of $11.4 million, or $1.97 per diluted share, for the third quarter of 2026, compared to $13.1 million, or $2.27 per diluted share, in the prior quarter, and $9.7 million, or $1.65 per diluted share, in the third quarter of 2025. Rick Sowers, President and Chief Executive Officer of the Company and the Bank, stated, "We are pleased with our third quarter results. The quarter included strong loan production and continued top-quartile net interest margin. Pipelines are strong going into the fourth quarter. Although criticized assets increased in the quarter, we are dedicating the appropriate resources to improve our credit metrics and believe that reserves are more than adequate. Our focus remains on delivering superior service and solutions to our clients and building a scalable business through investments in technology and people, including our recent hires in key positions — Chief Operating Officer, Chief Credit Officer and General Counsel, amongst others." Sowers added, "This year we celebrate 20 years of providing our signature Distinctly Different® service. It's this commitment to quality service delivered by an exceptional team that has driven consistent growth and shareholder value creation." "PBAM began trading on NASDAQ on July 30, 2026, and the subsequent share price performance reflected not only continued attractive financial results but also the increase in trading volume in the third quarter. We thank the management team and the professional support we received for their sterling efforts in this transformative uplisting," said Selwyn Isakow, Chairman of the Board of the Company and the Bank. "Profitability continues to be strong and the potential of being included in the reconstitution of the Russell 2000 Index provides additional momentum. The listing also creates additional strategic options and flexibility in pursuing external growth opportunities and enhances our successful team lift-out organic growth strategy by enhancing operational advantages in retaining and hiring exceptional talent. These factors, together with access to capital, provide opportunities for creating sustainable long-term value for shareholders." STATEMENT OF INCOME Net Interest Income Net interest income for the third quarter of 2026 totaled $34.1 million, an increase of $0.6 million, or 1.7%, from the prior quarter and an increase of $4.8 million, or 16.3%, from the third quarter of 2025. The increase from the prior quarter was driven by a $1.2 million increase in interest income, primarily reflecting higher interest on deposits in other financial institutions and higher investment securities income, partially offset by a modest increase in interest expense. Net Interest Margin Net interest margin ("NIM") for the third quarter of 2026 was 5.05%, compared to 5.18% for the prior quarter and 4.65% in the third quarter of 2025. The decrease of 13 basis points (bps) in NIM from the prior quarter was primarily a result of the 15 bps positive impact from net nonaccrual interest adjustments in the second quarter, partially offset by approximately 4 bps from higher prepayment penalties and 2 bps from a special FHLB stock dividend recorded in the third quarter. The yield on interest-earning assets was 6.60% for the third quarter of 2026 compared to 6.70% for the prior quarter, and the cost of interest-bearing liabilities was 2.34% for the third quarter of 2026 compared to 2.32% in the prior quarter. The cost of total deposits was 1.66% for the third quarter of 2026 compared to 1.63% in the prior quarter. The cost of core deposits, which excludes brokered deposits, was 1.61% in the third quarter of 2026 compared to 1.57% in the prior quarter and 1.93% for the third quarter of 2025. The spot rate for total deposits was 1.68% as of September 30, 2026, compared to 1.65% at June 30, 2026. Provision for Credit Losses A credit loss provision expense of $1.3 million was recorded for the third quarter of 2026, compared to a $0.2 million provision reversal in the prior quarter and a $1.8 million provision expense in the third quarter of 2025. The total provision expense for the quarter was comprised of $0.4 million for loans HFI and $0.9 million for unfunded commitments. Net recoveries were $0.9 million. Effective July 1, 2026, the Company implemented a new current expected credit loss ("CECL") model for loans HFI and unfunded commitments. The third-quarter provision included approximately $0.8 million associated with the model transition, primarily reflecting an increase in the reserve for unfunded commitments. For more details, please refer to the "Asset Quality and Allowance for Credit Losses (ACL)" section below. Noninterest Income Noninterest income was $1.4 million for the third quarter of 2026, compared to $1.0 million in the prior quarter and $2.2 million in the third quarter of 2025. U.S. Small Business Administration ("SBA") loans totaling $6.1 million were sold during the third quarter of 2026 with a 10.72% average trade premium, resulting in a net gain on sale of $337 thousand, compared with sales of $3.4 million with a 10.50% average trade premium and a $0.2 million premium reimbursement that reduced the net gain on sale to $4 thousand in the prior quarter. Noninterest Expense Noninterest expense was $18.4 million for the third quarter of 2026, compared to $16.9 million in the prior quarter and $15.9 million in the third quarter of 2025. The $1.5 million increase from the prior quarter was primarily due to $0.6 million of impairment expense related to other real estate owned ("OREO"), a $0.4 million increase in compensation and employee benefits, and increased costs related to the NASDAQ Uplisting. The NASDAQ Uplisting costs totaled approximately $0.9 million during the quarter and were included primarily in professional services and other expenses. Other expenses increased $1.1 million from the third quarter of 2025, primarily due to the $0.6 million OREO impairment expense and $0.3 million NASDAQ initial listing fee. The efficiency ratio(1) was 51.68% for the third quarter of 2026, compared to 48.81% in the prior quarter and 50.49% in the third quarter of 2025. The increase in the efficiency ratio from the prior quarter primarily reflected a $1.5 million increase in noninterest expense, partially offset by a $0.4 million increase in noninterest income and a $0.6 million increase in net interest income. The Company continues to invest in people, processes and technology to scale the business. Inflationary pressures and low unemployment continue to contribute to upward pressure on wages, as well as increased costs related to third-party service providers, which we proactively monitor and manage. Provision for Income Tax Expense Provision for income tax expense was $4.5 million for the third quarter of 2026, compared to $4.8 million for the prior quarter. The effective tax rate for the third quarter of 2026 was 28.3%, compared to 26.7% in the prior quarter and 29.7% in the third quarter of 2025. The effective tax rate increased from the prior quarter primarily due to discrete tax benefits associated with equity compensation that lowered the prior quarter's effective tax rate. STATEMENT OF FINANCIAL CONDITION As of September 30, 2026, total assets were $2.75 billion, an increase of $39.9 million since June 30, 2026. The increase in assets from the prior quarter primarily reflected a $54.0 million increase in loans HFI and a $30.6 million increase in AFS securities, partially offset by a $49.1 million decrease in cash and cash equivalents. AFS securities were $267.7 million as of September 30, 2026, an increase of $30.6 million, or 12.9%, since June 30, 2026, primarily as a result of new securities purchased. As of September 30, 2026, the net unrealized loss on the AFS securities portfolio, which is comprised primarily of U.S. government agency mortgage-backed securities, was $17.7 million (pre-tax) compared to a loss of $8.9 million (pre-tax) as of June 30, 2026. The increase in net unrealized losses was due to higher market interest rates during the quarter. The average duration of the Bank's AFS portfolio is 4.4 years. The AFS portfolio's book yield increased to 4.13% at September 30, 2026, from 3.83% at September 30, 2025. The Company has no held-to-maturity securities. Loans HFI totaled $2.19 billion as of September 30, 2026, an increase of $54.0 million since June 30, 2026, primarily reflecting higher investor-owned commercial real estate, SBA 504, multifamily and construction loan balances, partially offset by lower owner-occupied commercial real estate and commercial and industrial balances. Total deposits were $2.41 billion as of September 30, 2026, an increase of $31.8 million since June 30, 2026. During the quarter, core deposits increased by $31.8 million, as a $25.1 million increase in interest-bearing core deposits (including balances in the IntraFi ICS and CDARS programs) was accompanied by a $6.7 million increase in noninterest-bearing core deposits. Noninterest-bearing deposits represented 28.3% of total core deposits. Brokered deposits were $49.3 million as of September 30, 2026, unchanged since June 30, 2026. Uninsured deposits, net of collateralized and fiduciary deposit accounts, represented 52.8% of total deposits as of September 30, 2026. As of September 30, 2026, total available liquidity was $2.4 billion or 191.8% of uninsured deposits, net of collateralized and fiduciary deposits. Total available liquidity is comprised of $502 million of on-balance sheet liquidity (cash and investment securities) and $1.9 billion of unused borrowing capacity. Asset Quality and Allowance for Credit Losses (ACL) As of September 30, 2026, the allowance for loan losses was $31.7 million, or 1.45% of loans HFI, compared to $30.5 million or 1.43% of loans HFI as of June 30, 2026. The allowance-to-loans HFI ratio was 1.38% at September 30, 2025. The increase in the coverage ratio primarily reflected net loan growth, with originations and balance increases carrying higher reserve rates than loans paid off or paid down, as well as risk-rating downgrades and higher qualitative reserves on construction loans. Nonperforming assets were 1.58% of total assets as of September 30, 2026, compared to 1.50% as of June 30, 2026. Effective July 1, 2026, the Company implemented a new CECL model for loans HFI and unfunded commitments, including a change in its CECL software vendor and more granular loan segmentation based on shared risk characteristics. The reserve for unfunded commitments was $1.4 million as of September 30, 2026, compared to $0.5 million as of June 30, 2026. At the July 1 transition, the new model decreased the allowance for loans HFI by approximately $47 thousand and increased the reserve for unfunded commitments by approximately $0.8 million. At September 30, 2026, criticized loans totaled $71.9 million, or 3.29% of total loans, compared to $58.0 million, or 2.72% of total loans, at June 30, 2026, of which classified loans were $67.7 million and $51.0 million, respectively. Criticized loans were $70.5 million, or 3.39% of total loans, at September 30, 2025. The September 30, 2026 classified balance consisted of 54 loans: 42 real estate secured loans totaling $57.5 million with a 62.0% weighted-average LTV; and 12 commercial and industrial loans totaling $10.2 million. The increase in criticized loans is primarily attributable to a Chapter 11 bankruptcy filing impacting two related real estate investor loans totaling $8.8 million and delinquent payments for two SBA 504 real estate loans totaling $3.7 million. As of September 30, 2026, nonaccrual loans were $28.8 million, up from $26.9 million as of June 30, 2026. Specific reserves of $1.9 million were held against nonaccrual loan balances of $4.4 million. The nonaccrual loans without specific reserves were supported by collateral values exceeding their loan balances, except for one $1.5 million commercial and industrial loan placed on nonaccrual during the quarter. As of September 30, 2026, nonperforming assets were $43.3 million, or 1.58% of total assets, an increase of $2.8 million from $40.5 million, or 1.50% of total assets, at June 30, 2026, driven by a $1.9 million increase in nonaccrual loans and a $0.9 million increase in other real estate owned. Capital Ratios (2) The Bank's capital ratios were in excess of the levels established for "well capitalized" institutions and are as follows: | September 30, 2026 (2) | June 30, 2026 CalPrivate Bank | | Tier I leverage ratio | 11.47% | 11.52% Tier I risk-based capital ratio | 13.95% | 13.61% Total risk-based capital ratio | 15.20% | 14.86% (2) September 30, 2026 capital ratios are preliminary and subject to change. Share Repurchases Authorized During the second quarter of 2026, the Company's Board of Directors authorized a stock repurchase program under which the Company may repurchase up to $10.0 million of its common stock. As of September 30, 2026, no shares had been repurchased under this program. About Private Bancorp of America, Inc. (NASDAQ: PBAM) PBAM is the holding company for CalPrivate Bank, which operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and Montecito, as well as through efficient digital banking services. CalPrivate Bank is driven by its core values of building client Relationships based on superior funding Solutions, unparalleled Service, and mutual Trust. The Bank caters to high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, delivering a Distinctly Different® personalized banking experience while leveraging cutting-edge technology to enhance our clients' evolving needs. CalPrivate Bank is in the top tier of customer service survey ratings in the nation, scoring almost 3x higher than the median domestic bank. The Bank offers comprehensive deposit and treasury services, rapid and creative loan options including various portfolio and government-guaranteed lending programs, and innovative, unique technologies that drive enhanced client performance. Additionally, CalPrivate Bank is a Bauer Financial 5-star rated bank, an SBA Preferred Lender, and has been honored as Community Bank 504 Lender of the Year by the NADCO Community Impact Awards, exemplifying excellence in the banking industry. These recognitions highlight the Bank's commitment to delivering exceptional banking services and setting new industry standards. Investor information is available at www.investors.pbam.com. CalPrivate Bank's website is www.calprivate.bank. Non-GAAP Financial Measures This press release contains certain non-GAAP financial measures in addition to results presented in accordance with GAAP, including efficiency ratio, pretax pre-provision net revenue, average tangible common equity, tangible book value per share and return on average tangible common equity. The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company's results of operations and financial condition and to enhance investors' overall understanding of such results of operations and financial condition, to permit investors to effectively analyze financial trends of our business activities, and to enhance comparability with peers across the financial services sector. These non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures prepared in accordance with GAAP and should be read in conjunction with the Company's GAAP financial information. A reconciliation of the most comparable GAAP financial measures to non-GAAP financial measures is included in the accompanying financial tables. Investor Relations Contacts Rick Sowers President and Chief Executive Officer Private Bancorp of America, Inc., and CalPrivate Bank (424) 303-4894 Cory Stewart Executive Vice President and Chief Financial Officer Private Bancorp of America, Inc., and CalPrivate Bank (206) 293-3669 Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements about the Company's plans, objectives, expectations, intentions, estimates, projections and beliefs concerning future events, financial performance and the assumptions underlying those statements. Words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "intend" and "plan," and similar expressions, may identify forward-looking statements. These statements involve known and unknown risks and uncertainties, many beyond the Company's control, that could cause actual results to differ materially from those expressed or implied. These factors include the effects of depositors withdrawing funds unexpectedly, counterparties being unable to provide liquidity sources that we believe should be available, loan losses, economic conditions and competition in the geographic and business areas in which the Company operates, including competition in lending and deposit acquisition, the unpredictability of fee income from participation in SBA loan programs, liquidations and mergers in our markets and nationally, our ability to successfully integrate and develop business through the addition of new personnel, whether our efforts to expand loan, product and service offerings will prove profitable, system failures and data security, whether we can effectively secure and implement new technology solutions, inflation, fluctuations in interest rates, legislation and governmental regulation; public company costs and compliance with SEC reporting, NASDAQ and internal-control requirements; and volatility and liquidity of our common stock. Other risks include changes in the U.S. and local economies and financial markets; developments in the banking industry that affect customer confidence, liquidity and regulatory responses; changes in trade, monetary and fiscal policy, including Federal Reserve policy; the speed and predictability of changes in interest rates and liquidity, market, credit and operational conditions; our ability to attract and retain deposits and other funding sources and changes in their composition; labor-market conditions and federal budget and debt developments; concentrations in SBA and commercial real estate loans and in particular geographic areas and industries; possible credit-related impairment of investment securities; changes in nonperforming assets and charge-offs; customer acceptance of new products and our ability to retain essential personnel; changes in tax, banking, securities and insurance laws and their application; the cost and complexity of maintaining compliance; the effectiveness of our risk-management framework and quantitative models; changes in accounting standards and regulatory requirements, including FDIC assessments; changes in consumer spending, borrowing and saving and in borrowers' financial condition; competition from banks, nonbank providers and financial technology companies; financial-system disruptions, geopolitical events, war, terrorism, pandemics and natural or man-made disasters; cybersecurity threats and the cost of defending against them; disruption from artificial intelligence and other new technologies; climate-related credit, compliance, reputational and operating risks; and legal, regulatory and judicial proceedings. Our ability to manage these risks and to meet public-company obligations, including Section 404 of the Sarbanes-Oxley Act, may also affect actual results. Additional risks appear in our Form 10, as amended, and latest Form 10-Q filed with the SEC, and in other SEC filings available at www.sec.gov. Forward-looking statements are not guarantees or predictions of future performance. We undertake no obligation to update forward-looking statements for changes in underlying factors, new information, future events or otherwise. Forward-looking statements speak only as of the date made; you should not place undue reliance on them. Although we believe in good faith the assumptions and bases supporting our forward-looking statements to be reasonable, there can be no assurance that those assumptions and bases will prove accurate. PRIVATE BANCORP OF AMERICA, INC. CONSOLIDATED BALANCE SHEET (Unaudited) (Dollars in thousands) | | Sep 30, 2026 | | | Jun 30, 2026 | | | Sep 30, 2025 | Assets | | | | | | | | | Cash and due from banks | | $ | 30,346 | | | $ | 32,211 | | | $ | 29,605 | Interest-bearing deposits in other financial institutions | | | 16,825 | | | | 22,275 | | | | 16,314 | Interest-bearing deposits at Federal Reserve Bank | | | 204,063 | | | | 245,869 | | | | 215,448 | Total cash and due from banks | | | 251,234 | | | | 300,355 | | | | 261,367 | Interest-bearing time deposits with other institutions | | | 4,356 | | | | 4,344 | | | | 4,295 | Investment debt securities available for sale | | | 267,701 | | | | 237,074 | | | | 199,852 | Loans held for sale | | | - | | | | - | | | | 314 | Loans, net of deferred fees and costs and unaccreted discounts | | | 2,186,690 | | | | 2,132,724 | | | | 2,081,611 | Allowance for loan losses | | | (31,722 | ) | | | (30,462 | ) | | | (28,785 | ) Loans held-for-investment, net of allowance | | | 2,154,968 | | | | 2,102,262 | | | | 2,052,826 | Federal Home Loan Bank stock, at cost | | | 11,251 | | | | 11,251 | | | | 10,652 | Operating lease right of use assets | | | 6,757 | | | | 6,733 | | | | 6,811 | Premises and equipment, net | | | 2,759 | | | | 2,525 | | | | 2,252 | Servicing assets, net | | | 1,632 | | | | 1,717 | | | | 2,004 | Accrued interest receivable | | | 9,417 | | | | 8,248 | | | | 8,031 | Other assets | | | 38,145 | | | | 33,793 | | | | 28,077 | Total assets | | $ | 2,748,220 | | | $ | 2,708,302 | | | $ | 2,576,481 | | | | | | | | | | Liabilities and Shareholders' Equity | | | | | | | | | Liabilities | | | | | | | | | Noninterest bearing | | $ | 669,868 | | | $ | 663,200 | | | $ | 654,072 | Interest bearing | | | 1,743,125 | | | | 1,718,037 | | | | 1,618,296 | Total deposits | | | 2,412,993 | | | | 2,381,237 | | | | 2,272,368 | FHLB borrowings | | | 8,000 | | | | 8,000 | | | | 11,000 | Other borrowings | | | 17,981 | | | | 17,979 | | | | 17,974 | Accrued interest payable and other liabilities | | | 17,897 | | | | 15,570 | | | | 17,185 | Total liabilities | | | 2,456,871 | | | | 2,422,786 | | | | 2,318,527 | | | | | | | | | | Shareholders' equity | | | | | | | | | Common stock | | | 78,223 | | | | 78,214 | | | | 76,403 | Additional paid-in capital | | | 4,849 | | | | 4,264 | | | | 4,479 | Retained earnings | | | 220,660 | | | | 209,263 | | | | 182,546 | Accumulated other comprehensive (loss) income, net | | | (12,383 | ) | | | (6,225 | ) | | | (5,474 | ) Total shareholders' equity | | | 291,349 | | | | 285,516 | | | | 257,954 | Total liabilities and shareholders' equity | | $ | 2,748,220 | | | $ | 2,708,302 | | | $ | 2,576,481 | PRIVATE BANCORP OF AMERICA, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Dollars in thousands, except per share amounts) | | For the three months ended | | | Year to Date | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Sep 30, 2025 | | | Sep 30, 2026 | | | Sep 30, 2025 | Interest Income | | | | | | | | | | | | | | | Loans | | $ | 39,050 | | | $ | 39,038 | | | $ | 36,771 | | | $ | 116,055 | | | $ | 111,340 | Investment securities | | | 2,920 | | | | 2,384 | | | | 2,051 | | | | 7,965 | | | | 5,356 | Deposits in other financial institutions | | | 2,630 | | | | 1,953 | | | | 2,432 | | | | 6,368 | | | | 6,814 | Total interest income | | | 44,600 | | | | 43,375 | | | | 41,254 | | | | 130,388 | | | | 123,510 | | | | | | | | | | | | | | | | Interest Expense | | | | | | | | | | | | | | | Deposits | | | 10,052 | | | | 9,413 | | | | 11,440 | | | | 28,825 | | | | 34,715 | Borrowings | | | 423 | | | | 417 | | | | 482 | | | | 1,284 | | | | 1,618 | Total interest expense | | | 10,475 | | | | 9,830 | | | | 11,922 | | | | 30,109 | | | | 36,333 | | | | | | | | | | | | | | | | Net interest income | | | 34,125 | | | | 33,545 | | | | 29,332 | | | | 100,279 | | | | 87,177 | Provision for credit losses | | | 1,261 | | | | (204 | ) | | | 1,792 | | | | 3,076 | | | | 3,384 | Net interest income after provision for credit losses | | | 32,864 | | | | 33,749 | | | | 27,540 | | | | 97,203 | | | | 83,793 | | | | | | | | | | | | | | | | Noninterest income: | | | | | | | | | | | | | | | Service charges on deposit accounts | | | 520 | | | | 533 | | | | 537 | | | | 1,597 | | | | 1,685 | Net gain on sale of loans | | | 337 | | | | 4 | | | | 1,008 | | | | 1,248 | | | | 2,000 | Other noninterest income | | | 578 | | | | 464 | | | | 627 | | | | 1,526 | | | | 1,830 | Total noninterest income | | | 1,435 | | | | 1,001 | | | | 2,172 | | | | 4,371 | | | | 5,515 | | | | | | | | | | | | | | | | Noninterest expense: | | | | | | | | | | | | | | | Compensation and employee benefits | | | 11,552 | | | | 11,142 | | | | 10,882 | | | | 33,505 | | | | 30,949 | Occupancy and equipment | | | 944 | | | | 876 | | | | 841 | | | | 2,678 | | | | 2,525 | Data processing | | | 1,476 | | | | 1,491 | | | | 1,429 | | | | 4,336 | | | | 4,151 | Professional services | | | 1,281 | | | | 1,061 | | | | 742 | | | | 2,952 | | | | 2,189 | Other expenses | | | 3,124 | | | | 2,293 | | | | 2,011 | | | | 7,449 | | | | 5,835 | Total noninterest expense | | | 18,377 | | | | 16,863 | | | | 15,905 | | | | 50,920 | | | | 45,649 | Income before provision for income taxes | | | 15,922 | | | | 17,887 | | | | 13,807 | | | | 50,654 | | | | 43,659 | Provision for income taxes | | | 4,513 | | | | 4,769 | | | | 4,106 | | | | 14,100 | | | | 12,947 | Net income | | $ | 11,409 | | | $ | 13,118 | | | $ | 9,701 | | | $ | 36,554 | | | $ | 30,712 | Net income available to common shareholders | | $ | 11,326 | | | $ | 13,018 | | | $ | 9,623 | | | $ | 36,292 | | | $ | 30,459 | | | | | | | | | | | | | | | | Earnings per share | | | | | | | | | | | | | | | Basic earnings per share | | $ | 1.99 | | | $ | 2.29 | | | $ | 1.67 | | | $ | 6.38 | | | $ | 5.30 | Diluted earnings per share | | $ | 1.97 | | | $ | 2.27 | | | $ | 1.65 | | | $ | 6.31 | | | $ | 5.22 | | | | | | | | | | | | | | | | Average shares outstanding | | | 5,682,307 | | | | 5,681,165 | | | | 5,757,192 | | | | 5,685,830 | | | | 5,748,975 | Diluted average shares outstanding | | | 5,749,108 | | | | 5,741,395 | | | | 5,837,837 | | | | 5,754,931 | | | | 5,833,902 | PRIVATE BANCORP OF AMERICA, INC. Consolidated average balance sheet, interest, yield and rates (Unaudited) (Dollars in thousands) | | For the three months ended | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Sep 30, 2025 | | | Average Balance | | | Interest | | | Average Yield/Rate | | | Average Balance | | | Interest | | | Average Yield/Rate | | | Average Balance | | | Interest | | | Average Yield/Rate | Interest-Earning Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | Deposits in other financial institutions | | $ | 265,181 | | | $ | 2,630 | | | | 3.93 | % | | $ | 206,162 | | | $ | 1,953 | | | | 3.80 | % | | $ | 210,669 | | | $ | 2,432 | | | | 4.58 | % Investment securities | | | 266,645 | | | | 2,920 | | | | 4.38 | % | | | 241,093 | | | | 2,384 | | | | 3.96 | % | | | 203,167 | | | | 2,051 | | | | 4.04 | % Loans, including LHFS | | | 2,149,788 | | | | 39,050 | | | | 7.21 | % | | | 2,148,935 | | | | 39,038 | | | | 7.29 | % | | | 2,091,309 | | | | 36,771 | | | | 6.98 | % Total interest-earning assets | | | 2,681,614 | | | | 44,600 | | | | 6.60 | % | | | 2,596,190 | | | | 43,375 | | | | 6.70 | % | | | 2,505,145 | | | | 41,254 | | | | 6.53 | % Noninterest-earning assets | | | 58,108 | | | | | | | | | | 46,930 | | | | | | | | | | 45,419 | | | | | | | Total Assets | | $ | 2,739,722 | | | | | | | | | $ | 2,643,120 | | | | | | | | | $ | 2,550,564 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest-Bearing Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest bearing DDA, excluding brokered | | | 312,893 | | | | 459 | | | | 0.58 | % | | | 293,170 | | | | 319 | | | | 0.44 | % | | | 262,730 | | | | 878 | | | | 1.33 | % Savings & MMA, excluding brokered | | | 1,156,007 | | | | 7,087 | | | | 2.43 | % | | | 1,114,162 | | | | 6,765 | | | | 2.44 | % | | | 1,031,209 | | | | 7,456 | | | | 2.87 | % Time deposits, excluding brokered | | | 230,863 | | | | 1,988 | | | | 3.42 | % | | | 213,426 | | | | 1,818 | | | | 3.42 | % | | | 233,094 | | | | 2,185 | | | | 3.72 | % Total deposits, excluding brokered | | | 1,699,763 | | | | 9,534 | | | | 2.23 | % | | | 1,620,758 | | | | 8,902 | | | | 2.20 | % | | | 1,527,033 | | | | 10,519 | | | | 2.73 | % Total brokered deposits | | | 49,301 | | | | 518 | | | | 4.17 | % | | | 49,514 | | | | 511 | | | | 4.14 | % | | | 84,841 | | | | 921 | | | | 4.31 | % Total Interest-Bearing Deposits | | | 1,749,064 | | | | 10,052 | | | | 2.28 | % | | | 1,670,272 | | | | 9,413 | | | | 2.26 | % | | | 1,611,874 | | | | 11,440 | | | | 2.82 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | FHLB advances | | | 8,000 | | | | 85 | | | | 4.22 | % | | | 8,000 | | | | 83 | | | | 4.16 | % | | | 11,000 | | | | 120 | | | | 4.33 | % Other borrowings | | | 17,980 | | | | 338 | | | | 7.46 | % | | | 17,981 | | | | 334 | | | | 7.45 | % | | | 17,973 | | | | 362 | | | | 7.99 | % Total Interest-Bearing Liabilities | | | 1,775,044 | | | | 10,475 | | | | 2.34 | % | | | 1,696,253 | | | | 9,830 | | | | 2.32 | % | | | 1,640,847 | | | | 11,922 | | | | 2.88 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | Noninterest-bearing deposits | | | 656,242 | | | | | | | | | | 649,135 | | | | | | | | | | 638,306 | | | | | | | Total Funding Sources | | | 2,431,286 | | | | 10,475 | | | | 1.71 | % | | | 2,345,388 | | | | 9,830 | | | | 1.68 | % | | | 2,279,153 | | | | 11,922 | | | | 2.08 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | Noninterest-bearing liabilities | | | 16,901 | | | | | | | | | | 17,583 | | | | | | | | | | 17,582 | | | | | | | Shareholders' equity | | | 291,535 | | | | | | | | | | 280,149 | | | | | | | | | | 253,829 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Liabilities and Shareholders' Equity | | $ | 2,739,722 | | | | | | | | | $ | 2,643,120 | | | | | | | | | $ | 2,550,564 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net interest income/spread | | | | | $ | 34,125 | | | | 4.89 | % | | | | | $ | 33,545 | | | | 5.02 | % | | | | | $ | 29,332 | | | | 4.45 | % Net interest margin | | | | | | | | | 5.05 | % | | | | | | | | | 5.18 | % | | | | | | | | | 4.65 | % PRIVATE BANCORP OF AMERICA, INC. Consolidated average balance sheet, interest, yield and rates (Unaudited) (Dollars in thousands) | | Year to Date | | | Sep 30, 2026 | | | Sep 30, 2025 | | | Average Balance | | | Interest | | | Average Yield/Rate | | | Average Balance | | | Interest | | | Average Yield/Rate | Interest-Earning Assets: | | | | | | | | | | | | | | | | | | Deposits in other financial institutions | | $ | 219,024 | | | $ | 6,368 | | | | 3.89 | % | | $ | 201,788 | | | $ | 6,814 | | | | 4.51 | % Investment securities | | | 246,058 | | | | 7,965 | | | | 4.32 | % | | | 181,395 | | | | 5,356 | | | | 3.94 | % Loans | | | 2,141,437 | | | | 116,055 | | | | 7.25 | % | | | 2,079,818 | | | | 111,340 | | | | 7.16 | % Total interest-earning assets | | | 2,606,519 | | | | 130,388 | | | | 6.69 | % | | | 2,463,001 | | | | 123,510 | | | | 6.70 | % Noninterest-earning assets | | | 52,788 | | | | | | | | | | 39,141 | | | | | | | Total Assets | | $ | 2,659,307 | | | | | | | | | $ | 2,502,142 | | | | | | | | | | | | | | | | | | | | | | | | | Interest-Bearing Liabilities | | | | | | | | | | | | | | | | | | Interest bearing DDA, excluding brokered | | | 301,199 | | | | 1,354 | | | | 0.60 | % | | | 250,054 | | | | 2,662 | | | | 1.42 | % Savings & MMA, excluding brokered | | | 1,109,672 | | | | 20,130 | | | | 2.43 | % | | | 996,707 | | | | 21,416 | | | | 2.87 | % Time deposits, excluding brokered | | | 220,369 | | | | 5,658 | | | | 3.43 | % | | | 216,257 | | | | 6,238 | | | | 3.86 | % Total deposits, excluding brokered | | | 1,631,240 | | | | 27,142 | | | | 2.22 | % | | | 1,463,018 | | | | 30,316 | | | | 2.77 | % Total brokered deposits | | | 53,542 | | | | 1,683 | | | | 4.20 | % | | | 129,252 | | | | 4,399 | | | | 4.55 | % Total Interest-Bearing Deposits | | | 1,684,782 | | | | 28,825 | | | | 2.29 | % | | | 1,592,270 | | | | 34,715 | | | | 2.91 | % | | | | | | | | | | | | | | | | | | FHLB advances | | | 8,769 | | | | 278 | | | | 4.24 | % | | | 15,949 | | | | 531 | | | | 4.45 | % Other borrowings | | | 17,979 | | | | 1,006 | | | | 7.48 | % | | | 17,976 | | | | 1,087 | | | | 8.08 | % Total Interest-Bearing Liabilities | | | 1,711,530 | | | | 30,109 | | | | 2.35 | % | | | 1,626,195 | | | | 36,333 | | | | 2.99 | % | | | | | | | | | | | | | | | | | | Noninterest-bearing deposits | | | 648,543 | | | | | | | | | | 614,319 | | | | | | | Total Funding Sources | | | 2,360,073 | | | | 30,109 | | | | 1.71 | % | | | 2,240,514 | | | | 36,333 | | | | 2.17 | % | | | | | | | | | | | | | | | | | | Noninterest-bearing liabilities | | | 17,976 | | | | | | | | | | 19,279 | | | | | | | Shareholders' equity | | | 281,258 | | | | | | | | | | 242,349 | | | | | | | | | | | | | | | | | | | | | | | | | Total Liabilities and Shareholders' Equity | | $ | 2,659,307 | | | | | | | | | $ | 2,502,142 | | | | | | | | | | | | | | | | | | | | | | | | | Net interest income/spread | | | | | $ | 100,279 | | | | 4.98 | % | | | | | $ | 87,177 | | | | 4.53 | % Net interest margin | | | | | | | | | 5.14 | % | | | | | | | | | 4.73 | % PRIVATE BANCORP OF AMERICA, INC. Condensed Balance Sheets (Unaudited) (Dollars in thousands, except per share amounts) | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Assets | | | | | | | | | | | | | | | Cash and due from banks | | $ | 251,234 | | | $ | 300,355 | | | $ | 297,001 | | | $ | 155,015 | | | $ | 261,367 | Interest-bearing time deposits with other institutions | | | 4,356 | | | | 4,344 | | | | 4,326 | | | | 4,355 | | | | 4,295 | Investment securities | | | 267,701 | | | | 237,074 | | | | 220,908 | | | | 217,837 | | | | 199,852 | Loans held for sale | | | - | | | | - | | | | 596 | | | | 2,330 | | | | 314 | Total loans held-for-investment | | | 2,186,690 | | | | 2,132,724 | | | | 2,140,964 | | | | 2,126,147 | | | | 2,081,611 | Allowance for loan losses | | | (31,722 | ) | | | (30,462 | ) | | | (30,236 | ) | | | (29,323 | ) | | | (28,785 | ) Loans held-for-investment, net of allowance | | | 2,154,968 | | | | 2,102,262 | | | | 2,110,728 | | | | 2,096,824 | | | | 2,052,826 | Operating lease right of use assets | | | 6,757 | | | | 6,733 | | | | 7,196 | | | | 6,352 | | | | 6,811 | Premises and equipment, net | | | 2,759 | | | | 2,525 | | | | 2,678 | | | | 2,783 | | | | 2,252 | Other assets and interest receivable | | | 60,445 | | | | 55,009 | | | | 50,493 | | | | 49,561 | | | | 48,764 | Total assets | | $ | 2,748,220 | | | $ | 2,708,302 | | | $ | 2,693,926 | | | $ | 2,535,057 | | | $ | 2,576,481 | | | | | | | | | | | | | | | | Liabilities and Shareholders' Equity | | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | | | Noninterest Bearing | | $ | 669,868 | | | $ | 663,200 | | | $ | 735,802 | | | $ | 606,105 | | | $ | 654,072 | Interest Bearing | | | 1,743,125 | | | | 1,718,037 | | | | 1,638,893 | | | | 1,617,776 | | | | 1,618,296 | Total Deposits | | | 2,412,993 | | | | 2,381,237 | | | | 2,374,695 | | | | 2,223,881 | | | | 2,272,368 | Borrowings | | | 25,981 | | | | 25,979 | | | | 25,978 | | | | 28,976 | | | | 28,974 | Accrued interest payable and other liabilities | | | 17,897 | | | | 15,570 | | | | 20,521 | | | | 18,236 | | | | 17,185 | Total liabilities | | | 2,456,871 | | | | 2,422,786 | | | | 2,421,194 | | | | 2,271,093 | | | | 2,318,527 | Shareholders' equity | | | | | | | | | | | | | | | Common stock | | | 78,223 | | | | 78,214 | | | | 78,053 | | | | 76,972 | | | | 76,403 | Additional paid-in capital | | | 4,849 | | | | 4,264 | | | | 3,992 | | | | 4,389 | | | | 4,479 | Retained earnings | | | 220,660 | | | | 209,263 | | | | 196,247 | | | | 187,473 | | | | 182,546 | Accumulated other comprehensive (loss) income | | | (12,383 | ) | | | (6,225 | ) | | | (5,560 | ) | | | (4,870 | ) | | | (5,474 | ) Total shareholders' equity | | | 291,349 | | | | 285,516 | | | | 272,732 | | | | 263,964 | | | | 257,954 | Total liabilities and shareholders' equity | | $ | 2,748,220 | | | $ | 2,708,302 | | | $ | 2,693,926 | | | $ | 2,535,057 | | | $ | 2,576,481 | | | | | | | | | | | | | | | | Book value per common share | | $ | 50.85 | | | $ | 49.87 | | | $ | 47.72 | | | $ | 46.08 | | | $ | 44.45 | Tangible book value per common share (1) | | $ | 50.56 | | | $ | 49.57 | | | $ | 47.38 | | | $ | 45.75 | | | $ | 44.11 | Shares outstanding | | | 5,729,832 | | | | 5,725,696 | | | | 5,715,049 | | | | 5,728,187 | | | | 5,803,016 | (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table. PRIVATE BANCORP OF AMERICA, INC. Condensed Statements of Income (Unaudited) (Dollars in thousands, except per share amounts) | For the three months ended | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Interest income | $ | 44,600 | | | $ | 43,375 | | | $ | 42,413 | | | $ | 41,872 | | | $ | 41,254 | Interest expense | | 10,475 | | | | 9,830 | | | | 9,804 | | | | 10,819 | | | | 11,922 | Net interest income | | 34,125 | | | | 33,545 | | | | 32,609 | | | | 31,053 | | | | 29,332 | Provision for credit losses | | 1,261 | | | | (204 | ) | | | 2,019 | | | | 2,558 | | | | 1,792 | Net interest income after provision for credit losses | | 32,864 | | | | 33,749 | | | | 30,590 | | | | 28,495 | | | | 27,540 | | | | | | | | | | | | | | | Service charges on deposit accounts | | 520 | | | | 533 | | | | 544 | | | | 529 | | | | 537 | Net gain on sale of loans | | 337 | | | | 4 | | | | 907 | | | | 320 | | | | 1,008 | Other noninterest income | | 578 | | | | 464 | | | | 484 | | | | 564 | | | | 627 | Total noninterest income | | 1,435 | | | | 1,001 | | | | 1,935 | | | | 1,413 | | | | 2,172 | | | | | | | | | | | | | | | Compensation and employee benefits | | 11,552 | | | | 11,142 | | | | 10,811 | | | | 10,633 | | | | 10,882 | Occupancy and equipment | | 944 | | | | 876 | | | | 858 | | | | 906 | | | | 841 | Data processing | | 1,476 | | | | 1,491 | | | | 1,369 | | | | 1,347 | | | | 1,429 | Professional services | | 1,281 | | | | 1,061 | | | | 610 | | | | 660 | | | | 742 | Other expenses | | 3,124 | | | | 2,293 | | | | 2,032 | | | | 2,187 | | | | 2,011 | Total noninterest expense | | 18,377 | | | | 16,863 | | | | 15,680 | | | | 15,733 | | | | 15,905 | | | | | | | | | | | | | | | Income before provision for income taxes | | 15,922 | | | | 17,887 | | | | 16,845 | | | | 14,175 | | | | 13,807 | Income taxes | | 4,513 | | | | 4,769 | | | | 4,818 | | | | 4,221 | | | | 4,106 | Net income | $ | 11,409 | | | $ | 13,118 | | | $ | 12,027 | | | $ | 9,954 | | | $ | 9,701 | Net income available to common shareholders | $ | 11,326 | | | $ | 13,018 | | | $ | 11,942 | | | $ | 9,874 | | | $ | 9,623 | | | | | | | | | | | | | | | Earnings per share | | | | | | | | | | | | | | Basic earnings per share | $ | 1.99 | | | $ | 2.29 | | | $ | 2.10 | | | $ | 1.73 | | | $ | 1.67 | Diluted earnings per share | $ | 1.97 | | | $ | 2.27 | | | $ | 2.07 | | | $ | 1.71 | | | $ | 1.65 | | | | | | | | | | | | | | | Average shares outstanding | | 5,682,307 | | | | 5,681,165 | | | | 5,694,148 | | | | 5,701,291 | | | | 5,757,192 | Diluted average shares outstanding | | 5,749,108 | | | | 5,741,395 | | | | 5,773,819 | | | | 5,785,991 | | | | 5,837,837 | | Performance Ratios | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | ROAA | | 1.65 | % | | | 1.99 | % | | | 1.88 | % | | | 1.53 | % | | | 1.51 | % ROAE | | 15.53 | % | | | 18.78 | % | | | 17.94 | % | | | 15.11 | % | | | 15.16 | % ROATCE (1) | | 15.62 | % | | | 18.90 | % | | | 18.07 | % | | | 15.22 | % | | | 15.28 | % Net interest margin | | 5.05 | % | | | 5.18 | % | | | 5.21 | % | | | 4.84 | % | | | 4.65 | % Net interest spread | | 4.89 | % | | | 5.02 | % | | | 5.04 | % | | | 4.67 | % | | | 4.45 | % Efficiency ratio (1) | | 51.68 | % | | | 48.81 | % | | | 45.39 | % | | | 48.46 | % | | | 50.49 | % Noninterest expense / average assets | | 2.66 | % | | | 2.56 | % | | | 2.45 | % | | | 2.41 | % | | | 2.47 | % (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table. PRIVATE BANCORP OF AMERICA, INC. (Unaudited) | | Selected Quarterly Average Balances | | | (Dollars in thousands) | | | For the three months ended | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Total assets | | $ | 2,739,722 | | | $ | 2,643,120 | | | $ | 2,593,472 | | | $ | 2,589,506 | | | $ | 2,550,564 | Earning assets | | $ | 2,681,614 | | | $ | 2,596,190 | | | $ | 2,540,198 | | | $ | 2,545,081 | | | $ | 2,505,145 | Total loans, including loans held for sale | | $ | 2,149,788 | | | $ | 2,148,935 | | | $ | 2,125,318 | | | $ | 2,101,190 | | | $ | 2,091,309 | Total deposits | | $ | 2,405,306 | | | $ | 2,319,407 | | | $ | 2,273,818 | | | $ | 2,279,735 | | | $ | 2,250,180 | Total shareholders' equity | | $ | 291,535 | | | $ | 280,149 | | | $ | 271,873 | | | $ | 261,344 | | | $ | 253,829 | | | Loan Balances by Type | | | (Dollars in thousands) | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Commercial Real Estate (CRE): | | | | | | | | | | | | | | | Investor owned | | $ | 598,556 | | | $ | 570,865 | | | $ | 560,707 | | | $ | 577,730 | | | $ | 595,833 | Owner occupied | | | 213,557 | | | | 223,442 | | | | 238,653 | | | | 236,623 | | | | 226,919 | Multifamily | | | 217,207 | | | | 184,005 | | | | 177,151 | | | | 155,941 | | | | 145,496 | Secured by single family | | | 235,949 | | | | 205,365 | | | | 194,494 | | | | 198,743 | | | | 210,812 | Land and construction | | | 59,405 | | | | 48,782 | | | | 43,879 | | | | 47,029 | | | | 53,976 | SBA secured by real estate | | | 431,749 | | | | 409,467 | | | | 430,962 | | | | 403,609 | | | | 402,648 | Total CRE | | | 1,756,423 | | | | 1,641,926 | | | | 1,645,846 | | | | 1,619,675 | | | | 1,635,684 | Commercial business: | | | | | | | | | | | | | | | Commercial and industrial | | | 394,283 | | | | 453,854 | | | | 461,824 | | | | 471,526 | | | | 415,353 | SBA non-real estate secured | | | 33,022 | | | | 34,935 | | | | 31,265 | | | | 32,853 | | | | 28,655 | Total commercial business | | | 427,305 | | | | 488,789 | | | | 493,089 | | | | 504,379 | | | | 444,008 | Consumer | | | 2,962 | | | | 2,009 | | | | 2,029 | | | | 2,093 | | | | 1,919 | Total loans held for investment | | $ | 2,186,690 | | | $ | 2,132,724 | | | $ | 2,140,964 | | | $ | 2,126,147 | | | $ | 2,081,611 | | | Deposits by Type | | | (Dollars in thousands) | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Noninterest-bearing DDA | | $ | 669,868 | | | $ | 663,200 | | | $ | 735,802 | | | $ | 606,105 | | | $ | 654,072 | Interest-bearing DDA, excluding brokered | | | 305,574 | | | | 308,561 | | | | 298,747 | | | | 309,013 | | | | 268,210 | Savings & MMA, excluding brokered | | | 1,142,469 | | | | 1,136,048 | | | | 1,073,682 | | | | 1,024,829 | | | | 1,038,035 | Time deposits, excluding brokered | | | 245,781 | | | | 224,127 | | | | 216,915 | | | | 218,871 | | | | 231,886 | Total deposits, excluding brokered | | | 2,363,692 | | | | 2,331,936 | | | | 2,325,146 | | | | 2,158,818 | | | | 2,192,203 | Total brokered deposits | | | 49,301 | | | | 49,301 | | | | 49,549 | | | | 65,063 | | | | 80,165 | Total deposits | | $ | 2,412,993 | | | $ | 2,381,237 | | | $ | 2,374,695 | | | $ | 2,223,881 | | | $ | 2,272,368 | PRIVATE BANCORP OF AMERICA, INC. (Unaudited) | | Rollforward of Allowance for Credit Losses | | | (Dollars in thousands) | | | For the three months ended | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Allowance for loan losses: | | | | | | | | | | | | | | | Beginning balance | | $ | 30,462 | | | $ | 30,236 | | | $ | 29,323 | | | $ | 28,785 | | | $ | 28,178 | Provision for loan losses | | | 361 | | | | (73 | ) | | | 2,026 | | | | 2,898 | | | | 1,666 | Net (charge-offs) recoveries | | | 899 | | | | 299 | | | | (1,113 | ) | | | (2,360 | ) | | | (1,059 | ) Ending balance | | | 31,722 | | | | 30,462 | | | | 30,236 | | | | 29,323 | | | | 28,785 | Reserve for unfunded commitments | | | 1,446 | | | | 546 | | | | 677 | | | | 684 | | | | 1,024 | Total allowance for credit losses | | $ | 33,168 | | | $ | 31,008 | | | $ | 30,913 | | | $ | 30,007 | | | $ | 29,809 | | | Asset Quality | | | (Dollars in thousands) | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Total loans held-for-investment | | $ | 2,186,690 | | | $ | 2,132,724 | | | $ | 2,140,964 | | | $ | 2,126,147 | | | $ | 2,081,611 | Allowance for loan losses | | $ | (31,722 | ) | | $ | (30,462 | ) | | $ | (30,236 | ) | | $ | (29,323 | ) | | $ | (28,785 | ) 30-89 day past due loans, excluding nonaccrual | | $ | 16,463 | | | $ | 880 | | | $ | 20,741 | | | $ | 5,945 | | | $ | 7,354 | 90+ day past due loans, excluding nonaccrual | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | Nonaccrual loans | | $ | 28,770 | | | $ | 26,893 | | | $ | 34,584 | | | $ | 42,227 | | | $ | 37,663 | Other real estate owned (OREO) | | $ | 14,552 | | | $ | 13,637 | | | $ | 8,568 | | | $ | 8,568 | | | $ | 8,568 | NPAs / Total assets | | | 1.58 | % | | | 1.50 | % | | | 1.60 | % | | | 2.00 | % | | | 1.79 | % NPLs / Total loans held-for-investment | | | 1.32 | % | | | 1.26 | % | | | 1.62 | % | | | 1.99 | % | | | 1.81 | % Net quarterly charge-offs (recoveries) | | $ | (899 | ) | | $ | (299 | ) | | $ | 1,113 | | | $ | 2,360 | | | $ | 1,059 | Net charge-offs (recoveries) /avg loans (annualized) | | | (0.17 | )% | | | (0.06 | )% | | | 0.21 | % | | | 0.45 | % | | | 0.20 | % Allowance for loan losses to loans HFI | | | 1.45 | % | | | 1.43 | % | | | 1.41 | % | | | 1.38 | % | | | 1.38 | % Allowance for loan losses to nonaccrual loans | | | 110.26 | % | | | 113.27 | % | | | 87.43 | % | | | 69.44 | % | | | 76.43 | % PRIVATE BANCORP OF AMERICA, INC. (Unaudited) The following tables present a reconciliation of non-GAAP financial measures to GAAP measures for: efficiency ratio, pretax pre-provision net revenue, average tangible common equity, tangible book value per share and return on average tangible common equity. We believe the presentation of certain non-GAAP financial measures provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our peers. These non-GAAP financial measures complement our GAAP reporting and are presented below to provide investors and others with information that we use to manage the business each period. Because not all companies use identical calculations, the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP measures should be taken together with the corresponding GAAP measures and should not be considered a substitute for the GAAP measures. | | GAAP to Non-GAAP Reconciliation | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | For the three months ended | | | Sep 30, 2026 | | | Jun 30, 2026 | | | Mar 31, 2026 | | | Dec 31, 2025 | | | Sep 30, 2025 | Efficiency Ratio | | | | | | | | | | | | | | | Noninterest expense | | $ | 18,377 | | | $ | 16,863 | | | $ | 15,680 | | | $ | 15,733 | | | $ | 15,905 | Net interest income | | | 34,125 | | | | 33,545 | | | | 32,609 | | | | 31,053 | | | | 29,332 | Noninterest income | | | 1,435 | | | | 1,001 | | | | 1,935 | | | | 1,413 | | | | 2,172 | Total net interest income and noninterest income | | | 35,560 | | | | 34,546 | | | | 34,544 | | | | 32,466 | | | | 31,504 | Efficiency ratio (non-GAAP) | | | 51.68 | % | | | 48.81 | % | | | 45.39 | % | | | 48.46 | % | | | 50.49 | % | | | | | | | | | | | | | | | Pretax pre-provision net revenue | | | | | | | | | | | | | | | Net interest income | | $ | 34,125 | | | $ | 33,545 | | | $ | 32,609 | | | $ | 31,053 | | | $ | 29,332 | Noninterest income | | | 1,435 | | | | 1,001 | | | | 1,935 | | | | 1,413 | | | | 2,172 | Total net interest income and noninterest income | | | 35,560 | | | | 34,546 | | | | 34,544 | | | | 32,466 | | | | 31,504 | Less: Noninterest expense | | | 18,377 | | | | 16,863 | | | | 15,680 | | | | 15,733 | | | | 15,905 | Pretax pre-provision net revenue (non-GAAP) | | $ | 17,183 | | | $ | 17,683 | | | $ | 18,864 | | | $ | 16,733 | | | $ | 15,599 | | | | | | | | | | | | | | | | Return on Average Assets, Average Equity, and Average Tangible Common Equity | | | | | | | | | | | | | | | Net income | | $ | 11,409 | | | $ | 13,118 | | | $ | 12,027 | | | $ | 9,954 | | | $ | 9,701 | Average assets | | | 2,739,722 | | | | 2,643,120 | | | | 2,593,472 | | | | 2,589,506 | | | | 2,550,564 | Average shareholders' equity | | | 291,535 | | | | 280,149 | | | | 271,873 | | | | 261,344 | | | | 253,829 | Less: Average intangible assets | | | 1,674 | | | | 1,819 | | | | 1,910 | | | | 1,913 | | | | 2,025 | Average tangible common equity (non-GAAP) | | | 289,861 | | | | 278,330 | | | | 269,963 | | | | 259,431 | | | | 251,804 | | | | | | | | | | | | | | | | Return on average assets | | | 1.65 | % | | | 1.99 | % | | | 1.88 | % | | | 1.53 | % | | | 1.51 | % Return on average equity | | | 15.53 | % | | | 18.78 | % | | | 17.94 | % | | | 15.11 | % | | | 15.16 | % Return on average tangible common equity (non-GAAP) | | | 15.62 | % | | | 18.90 | % | | | 18.07 | % | | | 15.22 | % | | | 15.28 | % | | | | | | | | | | | | | | | Tangible book value per share | | | | | | | | | | | | | | | Total equity | | | 291,349 | | | | 285,516 | | | | 272,732 | | | | 263,964 | | | | 257,954 | Less: Total intangible assets | | | 1,632 | | | | 1,717 | | | | 1,957 | | | | 1,913 | | | | 2,004 | Total tangible equity | | | 289,717 | | | | 283,799 | | | | 270,775 | | | | 262,051 | | | | 255,950 | Shares outstanding | | | 5,729,832 | | | | 5,725,696 | | | | 5,715,049 | | | | 5,728,187 | | | | 5,803,016 | Tangible book value per share (non-GAAP) | | $ | 50.56 | | | $ | 49.57 | | | $ | 47.38 | | | $ | 45.75 | | | $ | 44.11 | PRIVATE BANCORP OF AMERICA, INC. (Unaudited) The following tables present a reconciliation of non-GAAP financial measures to GAAP measures for: efficiency ratio, pretax pre-provision net revenue, average tangible common equity and return on average tangible common equity. We believe the presentation of certain non-GAAP financial measures provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our peers. These non-GAAP financial measures complement our GAAP reporting and are presented below to provide investors and others with information that we use to manage the business each period. Because not all companies use identical calculations, the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP measures should be taken together with the corresponding GAAP measures and should not be considered a substitute for the GAAP measures. | | GAAP to Non-GAAP Reconciliation | | | (Dollars in thousands) | | | | | | | | | Year to Date | | | Sep 30, 2026 | | | Sep 30, 2025 | Efficiency Ratio | | | | | | Noninterest expense | | $ | 50,920 | | | $ | 45,649 | Net interest income | | | 100,279 | | | | 87,177 | Noninterest income | | | 4,371 | | | | 5,515 | Total net interest income and noninterest income | | | 104,650 | | | | 92,692 | Efficiency ratio (non-GAAP) | | | 48.66 | % | | | 49.25 | % | | | | | | Pretax pre-provision net revenue | | | | | | Net interest income | | $ | 100,279 | | | $ | 87,177 | Noninterest income | | | 4,371 | | | | 5,515 | Total net interest income and noninterest income | | | 104,650 | | | | 92,692 | Less: Noninterest expense | | | 50,920 | | | | 45,649 | Pretax pre-provision net revenue (non-GAAP) | | $ | 53,730 | | | $ | 47,043 | | | | | | | Return on Average Assets, Average Equity, and Average Tangible Common Equity | | | | | | Net income | | $ | 36,554 | | | $ | 30,712 | Average assets | | | 2,659,307 | | | | 2,502,142 | Average shareholders' equity | | | 281,258 | | | | 242,349 | Less: Average intangible assets | | | 1,800 | | | | 2,025 | Average tangible common equity (non-GAAP) | | | 279,458 | | | | 240,324 | | | | | | | Return on average assets | | | 1.84 | % | | | 1.64 | % Return on average equity | | | 17.38 | % | | | 16.94 | % Return on average tangible common equity (non-GAAP) | | | 17.49 | % | | | 17.09 | %

For the quarter ended September 2026, Private Bancorp of America, Inc. (PBAM) reported revenue of $35.56 million, up 12.9% over the same period last year. EPS came in at $1.97, compared to $1.65 in the year-ago quarter. The reported revenue represents a surprise of +2.83% over the Zacks Consensus Estimate of $34.58 million. With the consensus EPS estimate being $2.07, the EPS surprise was -4.83%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Private Bancorp of America performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - Net charge-offs as a percentage of average loans: -0.2% compared to the 0.2% average estimate based on four analysts. - Efficiency ratio: 51.7% versus 47.7% estimated by four analysts on average. - Net interest margin: 5.1% versus the four-analyst average estimate of 5%. - Total risk-based capital Ratio: 15.2% versus the two-analyst average estimate of 14.9%. - Tier I risk-based capital Ratio: 14% compared to the 13.1% average estimate based on two analysts. - Average balance - Total interest-earning assets: $2.68 billion compared to the $2.7 billion average estimate based on two analysts. - Tier I Leverage Ratio: 11.5% compared to the 11.2% average estimate based on two analysts. - Net Interest Income: $34.13 million versus $33.62 million estimated by four analysts on average. - Total Non-Interest Income: $1.44 million compared to the $1.3 million average estimate based on four analysts. - Service charges on deposit accounts: $0.52 million versus the three-analyst average estimate of $0.56 million. View all Key Company Metrics for Private Bancorp of America here>>> Shares of Private Bancorp of America have returned -6.9% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Private Bancorp of America, Inc. (PBAM) came out with quarterly earnings of $1.97 per share, missing the Zacks Consensus Estimate of $2.07 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -4.83%. A quarter ago, it was expected that this company would post earnings of $2 per share when it actually produced earnings of $2.27, delivering a surprise of +13.5%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Private Bancorp of America, which belongs to the Zacks Banks - Southwest industry, posted revenues of $35.56 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 2.83%. This compares to year-ago revenues of $31.5 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Private Bancorp of America shares have added about 46.3% since the beginning of the year versus the S&P 500's gain of 13.1%. While Private Bancorp of America has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Private Bancorp of America was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.09 on $35.07 million in revenues for the coming quarter and $8.50 on $138.02 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, BOK Financial (BOKF), is yet to report results for the quarter ended September 2026. The results are expected to be released on October 19. This Regional banking operator is expected to post quarterly earnings of $2.54 per share in its upcoming report, which represents a year-over-year change of +14.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. BOK Financial's revenues are expected to be $568.79 million, up 3.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report BOK Financial Corporation (BOKF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects BOK Financial (BOKF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 19, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This Regional banking operator is expected to post quarterly earnings of $2.54 per share in its upcoming report, which represents a year-over-year change of +14.4%. Revenues are expected to be $570.43 million, up 4% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For BOK Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.59%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that BOK Financial will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that BOK Financial would post earnings of $2.56 per share when it actually produced earnings of $2.59, delivering a surprise of +1.17%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. BOK Financial appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Private Bancorp of America, Inc. (PBAM), another stock in the Zacks Banks - Southwest industry, is expected to report earnings per share of $2.07 for the quarter ended September 2026. This estimate points to a year-over-year change of +25.5%. Revenues for the quarter are expected to be $34.84 million, up 10.6% from the year-ago quarter. The consensus EPS estimate for Private Bancorp of America has been revised 0.5% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.42%. This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that Private Bancorp of America will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BOK Financial Corporation (BOKF) : Free Stock Analysis Report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Private Bancorp of America, Inc. (PBAM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $2.07 per share in its upcoming report, which represents a year-over-year change of +25.5%. Revenues are expected to be $34.84 million, up 10.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.49% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Private Bancorp of America, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.42%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that Private Bancorp of America will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Private Bancorp of America would post earnings of $2 per share when it actually produced earnings of $2.27, delivering a surprise of +13.50%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Private Bancorp of America doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Banks - Southwest industry, First Horizon National (FHN), is soon expected to post earnings of $0.53 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +3.9%. Revenues for the quarter are expected to be $889.7 million, up 0.1% from the year-ago quarter. The consensus EPS estimate for First Horizon has been revised 0.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.55%. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that First Horizon will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Private Bancorp of America, Inc. (PBAM) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.50%. A quarter ago, it was expected that this company would post earnings of $1.75 per share when it actually produced earnings of $2.07, delivering a surprise of +18.29%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Private Bancorp of America, which belongs to the Zacks Banks - Southwest industry, posted revenues of $34.55 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.42%. This compares to year-ago revenues of $31.84 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Private Bancorp of America shares have added about 39.1% since the beginning of the year versus the S&P 500's gain of 10.6%. While Private Bancorp of America has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Private Bancorp of America was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.07 on $35.7 million in revenues for the coming quarter and $8.22 on $140.65 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, GBank Financial Holdings Inc. (GBFH), is yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +51.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. GBank Financial Holdings Inc.'s revenues are expected to be $22.2 million, up 24.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report GBank Financial Holdings Inc. (GBFH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Second Quarter 2026 Highlights Net income for the second quarter of 2026 was $13.1 million, compared to $12.0 million in the prior quarter and $10.4 million in the second quarter of 2025. Net income for the second quarter of 2026 represents a return on average assets of 1.99% and a return on average tangible common equity(1) of 18.90%. Diluted earnings per share for the second quarter of 2026 was $2.27, compared to $2.07 in the prior quarter and $1.77 in the second quarter of 2025. Core deposits were $2.33 billion as of June 30, 2026, an increase of $6.8 million or 0.3% from March 31, 2026, and an increase of $260.8 million or 12.6% from June 30, 2025. Total deposits were $2.38 billion as of June 30, 2026, an increase of $6.5 million or 0.3% from March 31, 2026, which included a reduction in brokered deposits of $0.2 million. Total cost of deposits was 1.63% for the second quarter of 2026, a decrease from 1.67% in the prior quarter and 2.08% in the second quarter of 2025, an improvement of 2.5% quarter over quarter and 21.7% year over year. The spot rate for total deposits was 1.65% as of June 30, 2026, compared to 1.55% at March 31, 2026 as a result of deposit mix changes. Total cost of funding sources was 1.68% for the second quarter of 2026, a decrease from 1.73% in the prior quarter and 2.14% in the second quarter of 2025. Loans held-for-investment (“HFI”) totaled $2.13 billion as of June 30, 2026, a decrease of $8.2 million or 0.4% from March 31, 2026. Investment securities available-for-sale (“AFS”) were $237.1 million as of June 30, 2026, an increase of $16.2 million or 7.3% since March 31, 2026, and an increase of $48.3 million or 25.6% from June 30, 2025, primarily as a result of new securities purchased. Net interest margin was 5.18% for the second quarter of 2026, compared to 5.21% in the prior quarter and 4.94% in the second quarter of 2025. For the second quarter of 2026, a provision reversal of $0.2 million was recorded, compared to a provision expense of $2.0 million for the prior quarter and a provision expense of $1.3 million for the second quarter of 2025. The allowance for loan losses was 1.43% of loans HFI as of June 30, 2026 compared to 1.41% at March 31, 2026. As of June 30, 2026, criticized loans totaled $58.0 million, or 2.72% of total loans, down from $68.3 million, or 3.19% of total loans at March 31, 2026. Tangible book value per share(1) was $49.57 as of June 30, 2026, an increase of $2.19 since March 31, 2026 primarily as a result of strong earnings. Filing of the Company’s Registration Statement on Form 10 (the “Registration Statement”) pursuant to the Securities Exchange Act of 1934, as amended, in connection with strategic decision to pursue a listing on the NASDAQ Global Select Market (“NASDAQ”). LA JOLLA, Calif., July 16, 2026 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX: PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the second fiscal quarter ended June 30, 2026. The Company reported net income of $13.1 million, or $2.27 per diluted share, for the second quarter of 2026, compared to $12.0 million, or $2.07 per diluted share, in the prior quarter, and $10.4 million, or $1.77 per diluted share, in the second quarter of 2025. Rick Sowers, President and Chief Executive Officer of the Company and the Bank stated, “The second quarter of 2026 reflects continued strong earnings, a strong net interest margin that remained above 5%, and solid seasonal deposit trends. Credit metrics improved in the quarter, with declines in both non-performing assets and past-due loans. Loan production was solid, with strong origination volume mostly offsetting elevated maturities and prepayments, resulting in a modest decline in loan balances. We operate in competitive markets and spreads on new originations are compressed. While the goal continues to be organic growth, we remain disciplined in how we lend.” Sowers added, “We made significant investments in new roles and team members during the first half of the year, including a Chief Operating Officer, General Counsel, and a senior leader in Data and AI, to name a few. These investments reflect the Company’s commitment to scaling the business, focusing on delivering our Distinctively DifferentTM Service to our Clients, delivering long-term shareholder value, and preparing to be a public reporting company.” “Once again, our team produced superior quarterly profitability while investing in human capital, technology, and the professional fees related to the Board’s intention to transfer the Company’s common stock listing to NASDAQ,” said Selwyn Isakow, Chairman of the Board of the Company and the Bank. “The planned uplisting is subject to the satisfaction of all applicable initial listing requirements, including NASDAQ’s final approval of the listing. Moving to NASDAQ marks a pivotal milestone for our company. We believe this transition will enhance our credibility, expand access to capital, improve market visibility and liquidity, reinforce our ability to attract and retain exceptional talent as we continue to grow, and provide additional flexibility when pursuing accretive strategic growth opportunities. We believe these advantages will better position us to execute our long-term growth strategy and create sustainable long-term value for shareholders.” STATEMENT OF INCOME Net Interest Income Net interest income for the second quarter of 2026 totaled $33.5 million, an increase of $0.9 million or 2.9% from the prior quarter and an increase of $3.4 million or 11.4% from the second quarter of 2025. The increase from the prior quarter was driven by a $1.0 million increase in interest income, primarily reflecting higher interest loan income, partially offset by a modest increase in interest expense. Net Interest Margin Net interest margin (“NIM”) for the second quarter of 2026 was 5.18%, compared to 5.21% for the prior quarter and 4.94% in the second quarter of 2025. The decrease of 3 basis points (bps) in the NIM from the prior quarter included a decrease in prepayment penalties (-7 bps) and the absence of a special FHLB stock dividend recorded in the prior quarter (-5 bps), partially offset by an increase in net nonaccrual interest recognized (+8 bps). The yield on interest-earning assets was 6.70% for the second quarter of 2026 compared to 6.77% for the prior quarter, and the cost of interest-bearing liabilities was 2.32% for the second quarter of 2026 compared to 2.39% in the prior quarter. The cost of total deposits was 1.63% for the second quarter of 2026 compared to 1.67% in the prior quarter. The cost of core deposits, which excludes brokered deposits, was 1.57% in the second quarter of 2026 compared to 1.60% in the prior quarter and 1.94% for the second quarter of 2025. The spot rate for total deposits was 1.65% as of June 30, 2026, compared to 1.55% at March 31, 2026 as a result of deposit mix changes. Provision for Credit Losses A credit loss provision reversal of $0.2 million was recorded for the second quarter of 2026, compared to a $2.0 million provision expense in the prior quarter and a $1.3 million provision expense in the second quarter of 2025. The provision for loans HFI for the second quarter of 2026 was a $0.1 million provision reversal, primarily reflecting $0.3 million of net recoveries and lower delinquencies within the collectively evaluated loan portfolio, partially offset by higher reserves for individually evaluated loans. For more details, please refer to the “Asset Quality” section below. Noninterest Income Noninterest income was $1.0 million for the second quarter of 2026, compared to $1.9 million in the prior quarter and $1.7 million in the second quarter of 2025. U.S. Small Business Administration (“SBA”) loans totaling $3.4 million were sold during the second quarter of 2026 with a 10.50% average trade premium, and we also recognized a premium reimbursement of $0.2 million, resulting in a net gain on sale of $4 thousand, compared with sales of $16.2 million with a 10.31% average trade premium resulting in a net gain on sale of $0.9 million in the prior quarter. Noninterest Expense Noninterest expense was $16.9 million for the second quarter of 2026, compared to $15.7 million in the prior quarter and $15.7 million in the second quarter of 2025. The efficiency ratio(1) was 48.81% for the second quarter of 2026, compared to 45.39% in the prior quarter and 49.27% in the second quarter of 2025. The increase in the efficiency ratio from the prior quarter primarily reflected a $0.9 million decrease in noninterest income and a $1.2 million increase in noninterest expense, partially offset by a $0.9 million increase in net interest income. The increase in noninterest expense primarily reflected higher professional services related, in part, to our initiative to become an SEC reporting company and have the Company’s common stock listed on NASDAQ. The Company continues to invest in people, processes and technology to scale the business. Inflationary pressures and low unemployment continue to contribute to upward pressure on wages, as well as increased costs related to third-party service providers, which we proactively monitor and manage. Provision for Income Tax Expense Provision for income tax expense was $4.8 million for the second quarter of 2026, compared to $4.8 million for the prior quarter. The effective tax rate for the second quarter of 2026 was 26.7%, compared to 28.6% in the prior quarter and 29.7% in the second quarter of 2025. The decrease in the effective tax rate was primarily driven by discrete tax benefits associated with equity compensation. STATEMENT OF FINANCIAL CONDITION As of June 30, 2026, total assets were $2.71 billion, an increase of $14.4 million since March 31, 2026. The increase in assets from the prior quarter primarily reflected a $16.2 million increase in AFS securities, a $4.7 million increase in other assets (primarily reflecting a $5.1 million increase in other real estate owned) and a $3.4 million increase in cash and due from banks, partially offset by an $8.2 million decrease in loans held for investment. AFS securities were $237.1 million as of June 30, 2026, an increase of $16.2 million or 7.3% since March 31, 2026, primarily as a result of new securities purchased. As of June 30, 2026, the net unrealized loss on the AFS securities portfolio, which is comprised primarily of U.S. government agency mortgage-backed securities, was $8.9 million (pre-tax) compared to a loss of $7.9 million (pre-tax) as of March 31, 2026. The average duration of the Bank’s AFS portfolio is 4.0 years. The Company has no held-to-maturity securities. Loans HFI totaled $2.13 billion as of June 30, 2026, a decrease of $8.2 million since March 31, 2026, primarily reflecting lower SBA 504, owner-occupied CRE and C&I balances, partially offset by increases in investor-owned CRE, single-family-secured and multifamily loans. Total deposits were $2.38 billion as of June 30, 2026, an increase of $6.5 million since March 31, 2026. During the quarter, core deposits increased by $6.8 million, as a $79.4 million increase in interest-bearing core deposits (including balances in the IntraFi ICS and CDARS programs) was partially offset by a $72.6 million decrease in noninterest-bearing core deposits. Noninterest-bearing deposits represented 28.4% of total core deposits. Brokered deposits decreased by $0.2 million since March 31, 2026. Uninsured deposits, net of collateralized and fiduciary deposit accounts, represent 53.8% of total deposits as of June 30, 2026. As of June 30, 2026, total available liquidity was $2.4 billion or 190.8% of uninsured deposits, net of collateralized and fiduciary deposits. Total available liquidity is comprised of $525 million of on-balance sheet liquidity (cash and investment securities) and $1.9 billion of unused borrowing capacity. Asset Quality and Allowance for Credit Losses (ACL) As of June 30, 2026, the allowance for loan losses was $30.5 million or 1.43% of loans HFI, compared to $30.2 million or 1.41% of loans HFI as of March 31, 2026. The coverage ratio increased compared to the prior quarter primarily due to higher reserves on individually evaluated loans. Nonperforming assets were 1.50% of total assets as of June 30, 2026 compared to 1.60% as of March 31, 2026. The reserve for unfunded commitments was $0.5 million as of June 30, 2026, compared to $0.7 million as of March 31, 2026. At June 30, 2026, criticized loans totaled $58.0 million, or 2.72% of total loans, down from $68.3 million, or 3.19% of total loans at March 31, 2026, of which classified loans were $51.0 million and $59.5 million, respectively. The June 30, 2026 classified balance consisted of 47 loans: 36 real estate secured loans totaling $42.6 million and a 61.6% weighted-average LTV; and 11 commercial and industrial loans totaling $8.4 million. As of June 30, 2026, nonaccrual loans were $26.9 million. Specific reserves of $1.8 million were held against nonaccrual loan balances of $5.8 million. The remaining nonaccrual balances were supported by collateral values in excess of loan balances. As of June 30, 2026, nonperforming assets were $40.5 million, or 1.50% of total assets, a decrease of $2.6 million from $43.2 million, or 1.60% of total assets, at March 31, 2026, driven by a $7.7 million decrease in nonaccrual loans partially offset by a $5.1 million increase in other real estate owned. Capital Ratios (2) The Bank’s capital ratios were in excess of the levels established for “well capitalized” institutions and are as follows: (2) June 30, 2026 capital ratios are preliminary and subject to change. Private Bancorp of America, Inc. Announces Intent to Uplist to NASDAQ Global Market The Company has filed the Registration Statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its planned uplisting of the Company’s common stock to NASDAQ. The Registration Statement has not been declared effective by the SEC. The Registration Statement will become effective following conclusion of the SEC’s review of the Registration Statement and approval by NASDAQ of our listing application. The Company’s common stock will continue to trade on the OTCQX market under the ticker symbol “PBAM” until the Company is able to uplist to NASDAQ. Subject to NASDAQ’s approval of our listing application, we will continue to trade under the ticker symbol “PBAM”. We expect the uplisting to occur, subject to the receipt of the requisite SEC and NASDAQ approvals, during third quarter of 2026. Share Repurchases Authorized During the quarter, the Company's Board of Directors authorized a stock repurchase program, whereby the Company may repurchase an aggregate amount of up to $10.0 million shares of its common stock, or approximately 2.3% of its outstanding shares of common stock. To date, no shares of the Company’s common stock were repurchased under the plan. About Private Bancorp of America, Inc. (OTCQX: PBAM) PBAM is the holding company for CalPrivate Bank, which operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and Montecito, as well as through efficient digital banking services. CalPrivate Bank is driven by its core values of building client Relationships based on superior funding Solutions, unparalleled Service, and mutual Trust. The Bank caters to high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, delivering a Distinctly Different® personalized banking experience while leveraging cutting-edge technology to enhance our clients’ evolving needs. CalPrivate Bank is in the top tier of customer service survey ratings in the nation, scoring almost 3x higher than the median domestic bank. The Bank offers comprehensive deposit and treasury services, rapid and creative loan options including various portfolio and government-guaranteed lending programs, and innovative, unique technologies that drive enhanced client performance. CalPrivate Bank has been recognized by Bank Director's RankingBanking® as the 10th best bank in the country and the #1 bank in its asset class for both return on assets (ROA) and return on equity (ROE). CalPrivate Bank was also ranked in the top 5% of banks in the U.S. with assets between $2B and $10B by American Banker. Additionally, CalPrivate Bank is a Bauer Financial 5-star rated bank, an SBA Preferred Lender, and has been honored as Community Bank 504 Lender of the Year by the NADCO Community Impact Awards, exemplifying excellence in the banking industry. These prestigious rankings highlight the Bank’s commitment to delivering exceptional banking services and setting new industry standards. CalPrivate Bank’s website is www.calprivate.bank. Non-GAAP Financial Measures This press release contains certain non-GAAP financial measures in addition to results presented in accordance with GAAP, including efficiency ratio, pretax pre-provision net revenue, average tangible common equity, tangible book value per share and return on average tangible common equity. The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company's results of operations and financial condition and to enhance investors’ overall understanding of such results of operations and financial condition, to permit investors to effectively analyze financial trends of our business activities, and to enhance comparability with peers across the financial services sector. These non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures prepared in accordance with GAAP and should be read in conjunction with the Company’s GAAP financial information. A reconciliation of the most comparable GAAP financial measures to non-GAAP financial measures is included in the accompanying financial tables. Investor Relations Contacts Rick SowersPresident and Chief Executive OfficerPrivate Bancorp of America, Inc., and CalPrivate Bank(424) 303-4894 Cory StewartExecutive Vice President and Chief Financial OfficerPrivate Bancorp of America, Inc., and CalPrivate Bank(206) 293-3669 Forward-Looking Statements This communication contains expressions of expectations, both implied and explicit, that are “forward-looking statements” within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We caution you that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. These factors include the effects of depositors withdrawing funds unexpectedly, counterparties being unable to provide liquidity sources that we believe should be available, loan losses, economic conditions and competition in the geographic and business areas in which the Company operates, including competition in lending and deposit acquisition, the unpredictability of fee income from participation in SBA loan programs, liquidations and mergers in our markets and nationally, our ability to successfully integrate and develop business through the addition of new personnel, whether our efforts to expand loan, product and service offerings will prove profitable, system failures and data security, whether we can effectively secure and implement new technology solutions, inflation, fluctuations in interest rates, legislation and governmental regulation, and the risk that the Company may not be able to complete its uplisting to NASDAQ. You should not place undue reliance on forward-looking statements, and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise. These factors could cause actual results to differ materially from what we anticipate or project. You should not place undue reliance on any such forward-looking statement, which speaks only as of the date on which it was made. Although we believe in good faith the assumptions and bases supporting our forward-looking statements to be reasonable, there can be no assurance that those assumptions and bases will prove accurate. (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table. (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table. PRIVATE BANCORP OF AMERICA, INC.(Unaudited) The following tables present a reconciliation of non-GAAP financial measures to GAAP measures for: efficiency ratio, pretax pre-provision net revenue, average tangible common equity, tangible book value per share and return on average tangible common equity. We believe the presentation of certain non-GAAP financial measures provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our peers. These non-GAAP financial measures complement our GAAP reporting and are presented below to provide investors and others with information that we use to manage the business each period. Because not all companies use identical calculations, the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP measures should be taken together with the corresponding GAAP measures and should not be considered a substitute for the GAAP measures.

The market expects Private Bancorp of America, Inc. (PBAM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $1.79 per share in its upcoming report, which represents a year-over-year change of -1.7%. Revenues are expected to be $32.5 million, up 10.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.85% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Private Bancorp of America, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.79%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that Private Bancorp of America will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Private Bancorp of America would post earnings of $1.81 per share when it actually produced earnings of $1.65, delivering a surprise of -8.84%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Private Bancorp of America doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Banks - Southwest industry, First Horizon National (FHN), is soon expected to post earnings of $0.46 per share for the quarter ended December 2025. This estimate indicates a year-over-year change of +7%. Revenues for the quarter are expected to be $862.19 million, up 18.3% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for First Horizon has been revised 3.1% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.76%, reflecting a higher Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that First Horizon will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Private Bancorp of America, Inc. (PBAM) came out with quarterly earnings of $1.77 per share, missing the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.12%. A quarter ago, it was expected that this company would post earnings of $1.66 per share when it actually produced earnings of $1.8, delivering a surprise of +8.43%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Private Bancorp of America, which belongs to the Zacks Banks - Southwest industry, posted revenues of $31.84 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.40%. This compares to year-ago revenues of $26.21 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Private Bancorp of America shares have lost about 0.4% since the beginning of the year versus the S&P 500's gain of 6.5%. While Private Bancorp of America has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Private Bancorp of America was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.76 on $30.9 million in revenues for the coming quarter and $6.98 on $122.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Prosperity Bancshares (PB), has yet to report results for the quarter ended June 2025. The results are expected to be released on July 23. This financial holding company is expected to post quarterly earnings of $1.40 per share in its upcoming report, which represents a year-over-year change of +14.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Prosperity Bancshares' revenues are expected to be $312.71 million, up 2.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report Prosperity Bancshares, Inc. (PB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

First Horizon National (FHN) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.76%. A quarter ago, it was expected that this bank holding company would post earnings of $0.4 per share when it actually produced earnings of $0.42, delivering a surprise of +5%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First Horizon, which belongs to the Zacks Banks - Southwest industry, posted revenues of $834 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.89%. This compares to year-ago revenues of $815 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Horizon shares have added about 5.4% since the beginning of the year versus the S&P 500's gain of 6.2%. While First Horizon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Horizon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.43 on $845.07 million in revenues for the coming quarter and $1.71 on $3.33 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Private Bancorp of America, Inc. (PBAM), is yet to report results for the quarter ended June 2025. This company is expected to post quarterly earnings of $1.79 per share in its upcoming report, which represents a year-over-year change of +32.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Private Bancorp of America, Inc.'s revenues are expected to be $30.5 million, up 16.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Horizon Corporation (FHN) : Free Stock Analysis Report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

BOK Financial (BOKF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This Regional banking operator is expected to post quarterly earnings of $1.98 per share in its upcoming report, which represents a year-over-year change of -2%. Revenues are expected to be $517.95 million, up 4.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.96% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For BOK Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.17%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that BOK Financial will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that BOK Financial would post earnings of $2.01 per share when it actually produced earnings of $1.86, delivering a surprise of -7.46%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. BOK Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Private Bancorp of America, Inc. (PBAM), another stock in the Zacks Banks - Southwest industry, is expected to report earnings per share of $1.79 for the quarter ended June 2025. This estimate points to a year-over-year change of +32.6%. Revenues for the quarter are expected to be $30.5 million, up 16.4% from the year-ago quarter. The consensus EPS estimate for Private Bancorp of America has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.79%. This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that Private Bancorp of America will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BOK Financial Corporation (BOKF) : Free Stock Analysis Report Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research