PCB

PCB Bancorp (PCB) came out with quarterly earnings of $0.73 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.67 per share when it actually produced earnings of $0.74, delivering a surprise of +10.45%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. PCB Bancorp, which belongs to the Zacks Banks - Southwest industry, posted revenues of $30.7 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.93%. This compares to year-ago revenues of $29.29 million. The company has not been able to beat consensus revenue estimates 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. PCB Bancorp shares have added about 34.4% since the beginning of the year versus the S&P 500's gain of 9.6%. While PCB Bancorp 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 PCB Bancorp 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 $0.74 on $32.1 million in revenues for the coming quarter and $2.95 on $126.05 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 18% 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. FinWise Bancorp (FINW), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29. This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -17.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. FinWise Bancorp's revenues are expected to be $46.02 million, up 83.6% 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 PCB Bancorp (PCB) : Free Stock Analysis Report FinWise Bancorp (FINW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

LOS ANGELES, July 23, 2026--(BUSINESS WIRE)--PCB Bancorp (the "Company") (NASDAQ: PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $10.4 million, or $0.73 per diluted common share, for the second quarter of 2026, compared with $10.6 million, or $0.74 per diluted common share, for the previous quarter and $9.0 million, or $0.62 per diluted common share, for the year-ago quarter. Q2 2026 Highlights Net income available to common shareholders totaled $10.4 million, or $0.73 per diluted common share, for the current quarter; Provision for credit losses was $926 thousand for the current quarter compared with $467 thousand for the previous quarter and $1.8 million for the year-ago quarter; Allowance for Credit Losses ("ACL") on loans to loans held-for-investment ratio was 1.18% at June 30, 2026 compared with 1.18% at March 31, 2026, and 1.20% at June 30, 2025; Net interest income was $27.5 million for the current quarter compared with $26.8 million for the previous quarter and $26.0 million for the year-ago quarter. Net interest margin was 3.33% for the current quarter compared with 3.36% for the previous quarter and 3.33% for the year-ago quarter; Gain on sale of loans was $1.2 million for the current quarter compared with $1.4 million for the previous quarter and $1.5 million for the year-ago quarter; Total assets were $3.47 billion at June 30, 2026, an increase of $73.9 million, or 2.2%, from $3.40 billion at March 31, 2026, an increase of $188.4 million, or 5.7%, from $3.28 billion at December 31, 2025, and an increase of $164.5 million, or 5.0%, from $3.31 billion at June 30, 2025; Loans held-for-investment were $2.93 billion at June 30, 2026, an increase of $58.5 million, or 2.0%, from $2.87 billion at March 31, 2026, an increase of $111.6 million, or 4.0%, from $2.82 billion at December 31, 2025, and an increase of $136.7 million, or 4.9%, from $2.80 billion at June 30, 2025; and Total deposits were $2.92 billion at June 30, 2026, an increase of $34.7 million, or 1.2%, from $2.89 billion at March 31, 2026, an increase of $127.2 million, or 4.6%, from $2.80 billion at December 31, 2025, and an increase of $99.7 million, or 3.5%, from $2.82 billion at June 30, 2025. Henry Kim, President and CEO, commented, "We are pleased to report another solid quarter, driven by consistent loan and deposit growth, strong asset quality, disciplined expense management, and continued growth in net interest income. Retail deposit balances increased $45 million, or 7.2% annualized, while wholesale deposits decreased $11 million. Loan balances increased $58 million, or 8.0% annualized. Our ratio of nonperforming assets to total assets remained low at 0.25%, and our efficiency ratio was 49.2%. We remain focused on measured, relationship-based growth while maintaining solid credit quality and prudent expense management to deliver long-term shareholder value." Financial Highlights (Unaudited) Results of Operations (Unaudited) Net Interest Income and Net Interest Margin The following table presents the components of net interest income for the periods indicated: The decrease in net interest margin for the current quarter compared with the previous quarter was primarily due to a decrease in average yield on other-interest earning assets, partially offset by increases in average yields on loans and investment securities and a decrease in average cost of interest-bearing deposits. During the previous quarter, the Company received a special dividend on Federal Home Loan Bank ("FHLB") stock of $424 thousand, which contributed an additional 5 basis point to the net interest margin. The increase in net interest margin for the current year-to-date period compared with the previous year-to-date period was primarily due to a decrease in average costs of total interest-bearing liabilities and an increase in average yield on investment securities, partially offset by decreases in average yields on loans and other-interest earning assets. Loans. The increase in average yield for the current quarter compared with the previous quarter was primarily due to higher weighted-average interest rates on loans and an increase in net accretion of discount on loans. The decreases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to decreases in market rates and net accretion of discount on loans. The following table presents a composition of total loans by interest rate type accompanied by the weighted-average contractual rates as of the dates indicated: Investment Securities. The increases in average yield for the current quarter and year-to-date period were primarily due to higher yields on newly purchased investment securities. Other Interest-Earning Assets. The decrease in average yield for the current quarter compared with the previous quarter was primarily due to the special dividend on FHLB stock for the previous quarter. The decreases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to a decrease in average interest rate on cash held at the Federal Reserve Bank, partially offset by an increase in dividends received on FHLB stock. Interest-Bearing Deposits. The decreases in average cost for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to decreases in market rates. Provision for credit losses The following table presents a composition of provision for credit losses for the periods indicated: The provision for credit losses on loans for the current quarter was primarily due to an increase in loans held-for-investment. Noninterest Income The following table presents the components of noninterest income for the periods indicated: Gain on Sale of Loans. The following table presents information on gain (loss) on sale of loans for the periods indicated: The other loan sold during the current quarter of $1.1 million was a commercial property loan, which was transferred to loans held-for-sale from loans held-for-investment during the previous quarter. Loan Servicing Income. The Company services SBA loans and certain residential property loans sold to the secondary market. The following table presents information on loan servicing income for the periods indicated: Noninterest Expense The following table presents the components of noninterest expense for the periods indicated: Salaries and Employee Benefits. The decrease for the current quarter compared with the previous quarter was primarily due to an increase in direct loan origination cost, which offsets and defers the recognition of salaries and benefits expense, and a decrease in vacation accrual, partially offset by an increase in salaries. The increases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to increases in salaries, bonus and vacation accruals, and group insurance. The number of full-time equivalent employees was 274, 264 and 266 as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively. Professional Fees. The increase for the current quarter compared with the previous quarter was due to additional professional fees incurred for the periodic external loan reviews during the current quarter. The decreases for the current quarter and year-to-date period compared with the same periods of 2025 were primarily due to additional professional fees incurred related to evaluating the accounting for a preferred stock purchase option during the year-ago quarter. Marketing and Business Promotion. The decrease for the current quarter compared with the year-ago quarter was primarily due a decrease in advertising. Other Expense. The increase for the current quarter compared with the previous quarter was primarily due to increases in expenses related to other loan related legal, armed guard and office operating. The decrease for the current quarter compared with the year-ago quarter was primarily due to an impairment on operating lease assets of $82 thousand for a sublease contract and a decrease in office operating expense, partially offset by increases in expenses related to other loan related legal and armed guard. The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to an impairment on operating lease assets of $228 thousand for a sublease contract, recognition of contingent liabilities for legal settlements of $190 thousand during the previous year-to-date period, and a decrease in office operating expense, partially offset by increases in expenses related to other loan related legal and armed guard. Balance Sheet (Unaudited) Total assets were $3.47 billion at June 30, 2026, an increase of $73.9 million, or 2.2%, from $3.40 billion at March 31, 2026, an increase of $188.4 million, or 5.7%, from $3.28 billion at December 31, 2025, and an increase of $164.5 million, or 5.0%, from $3.31 billion at June 30, 2025. The increase for the current quarter was primarily due to increases in loans held-for-investment and other assets. During the current quarter, the Company invested $8.0 million in qualified affordable housing projects. The increase for the current year was primarily due increases in loans held-for-investment and other assets, as well as total cash and cash equivalents. Loans The following table presents a composition of total loans (includes both loans held-for-sale and loans held-for-investment) as of the dates indicated: The increase in loans held-for-investment for the current quarter was primarily due to new funding of term loans of $178.0 million, partially offset by pay-downs and pay-offs of term loans of $75.8 million, net decrease of lines of credit of $43.7 million, and charge-offs of $18 thousand. The increase for the current year-to-date period was primarily due to new funding of term loans of $290.9 million, partially offset by pay-downs and pay-offs of term loans of $154.5 million, net decrease of lines of credit of $23.6 million, a loan transferred to loans held-for-sale of $1.1 million, and charge-offs of $94 thousand. The decrease in loans held-for-sale for the current quarter was primarily due to sales of $18.2 million and pay-downs of $109 thousand, partially offset by new funding of $17.6 million. The decrease for the current year-to-date period was primarily due to sales of $40.0 million and pay-downs of $258 thousand, partially offset by new funding of $30.0 million and a loan transferred from loans held-for-investment of $1.1 million. The following table presents a composition of off-balance sheet credit exposure as of the dates indicated: Credit Quality The following table presents a summary of non-performing loans and assets, and classified assets as of the dates indicated: Allowance for Credit Losses The following table presents activity in ACL for the periods indicated: Investment Securities Total investment securities were $184.3 million at June 30, 2026, an increase of $13.8 million, or 8.1%, from $170.5 million at March 31, 2026, an increase of $24.3 million, or 15.2%, from $160.0 million at December 31, 2025, and an increase of $29.7 million, or 19.2%, from $154.6 million at June 30, 2025. The increase for the current quarter was primarily due to purchases of $22.4 million, partially offset by principal pay-downs of $7.9 million, a fair value decrease of $533 thousand and net premium amortization of $48 thousand. The increase for the current year-to-date period was primarily due to purchases of $41.0 million, partially offset by principal pay-downs of $14.8 million, a fair value decrease of $1.8 million and net premium amortization of $72 thousand. Deposits The following table presents the Company’s deposit mix as of the dates indicated: Total retail deposits were $2.56 billion at June 30, 2026, an increase of $45.2 million, or 1.8%, from $2.51 billion at March 31, 2026, an increase of $102.0 million, or 4.2%, from $2.45 billion at December 31, 2025, and an increase of $224.9 million, or 9.6%, from $2.33 billion at June 30, 2025. The increase in retail time deposits for the current quarter was primarily due to new accounts of $92.6 million, renewals of matured accounts of $305.2 million and balance increases of $11.0 million, partially offset by matured and closed accounts of $388.5 million. The increase for the current year-to-date period was primarily due to new accounts of $209.4 million, renewals of the matured accounts of $694.0 million and balance increases of $27.5 million, partially offset by matured and closed accounts of $873.5 million. Liquidity The following table presents a summary of the Company’s liquidity position as of the dates indicated: Shareholders’ Equity Shareholders’ equity was $400.5 million at June 30, 2026, an increase of $3.7 million, or 0.9%, from $396.7 million at March 31, 2026, an increase of $10.4 million, or 2.7%, from $390.0 million at December 31, 2025, and an increase of $24.0 million, or 6.4%, from $376.5 million at June 30, 2025. The increase for the current quarter was primarily due to net income and proceeds from stock option exercises of $201 thousand, partially offset by repurchases of common stock of $3.6 million, cash dividends declared on common stock of $3.1 million and preferred stock dividends of $87 thousand, and an increase in accumulated other comprehensive loss of $378 thousand. The increase for the current year-to-date period was primarily due to net income and proceeds from stock option exercises of $313 thousand, partially offset by cash dividends declared on common stock of $6.3 million, repurchases of common stock of $3.8 million and preferred stock dividends of $173 thousand, and an increase in accumulated other comprehensive loss of $1.3 million. Stock Repurchases During the current year-to-date period, the Company repurchased and retired 150,439 shares of common stock at a weighted-average price of $25.23, totaling $3.8 million. In 2025, the Company repurchased and retired 358,251 shares of common stock at a weighted-average price of $19.82, totaling $7.1 million. As of June 30, 2026, the Company is authorized to purchase 69,087 additional shares under its current stock repurchase program, which expires on July 31, 2026. Series C Preferred Stock The Company paid dividends of $87 thousand and $173 thousand for the current quarter and year-to-date period, respectively. Capital Ratios The following table presents capital ratios for the Company and the Bank as of the dates indicated: About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phrases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the conflicts in the Middle East on the national and global economies and markets; the impact of governmental monetary policy; any material weaknesses in the Company’s internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company’s ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; the ability of the Company to manage liquidity; changes in the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber-security risks; the Company's ability to successfully deploy new technology; acquisitions and branch and loan production office expansions; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company’s enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and other filings the Company makes with the SEC, which are available without charge at the SEC’s website (http://www.sec.gov) and on the investor relations section of the Company’s website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. PCB Bancorp and SubsidiaryNon-GAAP Financial Measures Return on average tangible common equity, tangible common equity per common share and tangible common equity to total assets ratios The Company's TCE is calculated by subtracting preferred stock from shareholders’ equity. The Company had no intangible assets for the presented periods. ROATCE, TCE per common share, and TCE to total assets constitute supplemental financial information determined by methods other than in accordance with Generally Accepted Accounting Principles, or GAAP. These non-GAAP financial measures are used by management in its analysis of the Company's performance. These non-GAAP financial measures should not be viewed as substitutes for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. The following tables provide reconciliations of the non-GAAP financial measures with financial measures defined by GAAP. View source version on businesswire.com: https://www.businesswire.com/news/home/20260723060032/en/ Contacts Timothy ChangSenior Executive Vice President & Chief Financial Officer213-210-2000

PCB Bancorp (PCB) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.45%. A quarter ago, it was expected that this company would post earnings of $0.61 per share when it actually produced earnings of $0.64, delivering a surprise of +4.92%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. PCB Bancorp, which belongs to the Zacks Banks - Southwest industry, posted revenues of $30.18 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $26.86 million. The company has topped consensus revenue estimates just once 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. PCB Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's gain of 4.3%. While PCB Bancorp 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 PCB Bancorp 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 $0.70 on $31.35 million in revenues for the coming quarter and $2.81 on $126.25 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 16% 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. FinWise Bancorp (FINW), another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on April 30. This company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +43.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. FinWise Bancorp's revenues are expected to be $52.84 million, up 139.2% 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 PCB Bancorp (PCB) : Free Stock Analysis Report FinWise Bancorp (FINW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

LOS ANGELES, April 23, 2026--(BUSINESS WIRE)--PCB Bancorp (the "Company") (NASDAQ: PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $10.6 million, or $0.74 per diluted common share, for the first quarter of 2026, compared with $9.1 million, or $0.64 per diluted common share, for the previous quarter and $7.7 million, or $0.53 per diluted common share, for the year-ago quarter. Q1 2026 Highlights Net income available to common shareholders totaled $10.6 million, or $0.74 per diluted common share, for the current quarter; Provision for credit losses was $467 thousand for the current quarter compared with $1.0 million for the previous quarter and $1.6 million for the year-ago quarter; Allowance for Credit Losses ("ACL") on loans to loans held-for-investment ratio was 1.18% at March 31, 2026 compared with 1.18% at December 31, 2025, and 1.17% at March 31, 2025; Net interest income was $26.8 million for the current quarter compared with $26.6 million for the previous quarter and $24.3 million for the year-ago quarter. Net interest margin was 3.36% for the current quarter compared with 3.28% for the previous quarter and 3.28% for the year-ago quarter; Gain on sale of loans was $1.4 million for the current quarter compared with $648 thousand for the previous quarter and $887 thousand for the year-ago quarter; Total assets were $3.40 billion at March 31, 2026, an increase of $114.4 million, or 3.5%, from $3.28 billion at December 31, 2025 and an increase of $212.4 million, or 6.7%, from $3.18 billion at March 31, 2025; Loans held-for-investment were $2.87 billion at March 31, 2026, an increase of $53.2 million, or 1.9%, from $2.82 billion at December 31, 2025 and an increase of $145.9 million, or 5.4%, from $2.73 billion at March 31, 2025; and Total deposits were $2.89 billion at March 31, 2026, an increase of $92.6 million, or 3.3%, from $2.80 billion at December 31, 2025 and an increase of $173.6 million, or 6.4%, from $2.71 billion at March 31, 2025. Henry Kim, President and CEO, commented, "We delivered another solid results for the first quarter driven by strong loan and deposit growth, expanding net interest margin, solid credit quality, successful expense management, and continued quality earnings growth. Our deposit balance increased $93 million for the quarter, or 13.2% annualized, loan balance increased $45 million, or 6.3% annualized, net interest margin increased eight basis to 3.36% compared with link quarter, nonperforming assets to total assets ratio remained solid at 0.27%, posted an efficiency ratio of 49.1%, and our diluted earnings per share increased 16% to $0.74 compared with $0.64 in the fourth quarter of 2025." Mr. Kim further stated, "As we move forward, we remain committed to disciplined growth, preserving the strength of our credit portfolio, and maintaining operational efficiency to deliver long-term sustainable value for our shareholders." Financial Highlights (Unaudited) Results of Operations (Unaudited) Net Interest Income and Net Interest Margin The following table presents the components of net interest income for the periods indicated: The increases in net interest margin for the current quarter compared with the previous and year ago quarters were primarily due to a decrease in cost of fund and increases in investment securities and other-interest earning assets yields, partially offset by a decrease in loan yield. During the current quarter, the Company received a special dividend on Federal Home Loan Bank ("FHLB") stock of $424 thousand, which contributed additional 5 basis point increase to the net interest margin. Loans. The decreases in average yield for the current quarter compared with the previous and year-ago quarters were primarily due to decreases in market rates and net accretion of discount on loans, partially offset by an increase in net amortization of deferred loan fees. The following table presents a composition of total loans by interest rate type accompanied by the weighted-average contractual rates as of the dates indicated: Investment Securities. The increases in average yield for the current quarter compared with the previous and year-ago quarters were primarily due to higher yields on newly purchased investment securities. Other Interest-Earning Assets. The increase in average yield for the current quarter compared with the previous quarter was primarily due to an increase in dividends received on FHLB stock, partially offset by a decrease in average interest rate on cash held at the Federal Reserve Bank. Interest-Bearing Deposits. The decreases in average cost for the current quarter compared with the previous and year-ago quarters were primarily due to decreases in market rates. Provision for credit losses The following table presents a composition of provision for credit losses for the periods indicated: The provision for credit losses on loans for the current quarter was primarily due to an increase in loans held-for-investment. Noninterest Income The following table presents the components of noninterest income for the periods indicated: Gain on Sale of Loans. The following table presents information on gain on sale of loans for the periods indicated: Loan Servicing Income. The Company services SBA loans and certain residential property loans sold to the secondary market. The following table presents information on loan servicing income for the periods indicated: Noninterest Expense The following table presents the components of noninterest expense for the periods indicated: Salaries and Employee Benefits. The increase for the current quarter compared with the previous quarter was primarily due to increases in accruals for bonus and vacation, and group insurance, and a decrease in direct loan origination cost, which offsets and defers the recognition of salaries and benefits expense, partially offset by a decrease in salaries and other employee benefits. The increase for the current quarter compared with the year-ago quarter was primarily due to increases in salaries and group insurance, and a decrease in loan origination cost. The number of full-time equivalent employees was 264, 264 and 257 as of March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Professional Fees. The decrease for the current quarter compared with the previous quarter was due to higher internal audit fees for the previous quarter as a part of the year-end process. Marketing and Business Promotion. The decrease for the current quarter compared with the previous quarter was primarily due to yearend promotions during the previous quarter. The increase for the current quarter compared with the year-ago quarter was primarily due to an increase in advertising. Other Expense. The decrease for the current quarter compared with the previous quarter was primarily due to decreases in expenses related to legal, armed guard and office supplies. The decrease for the current quarter compared with the year-ago quarter was primarily due to an impairment on operating lease assets of $146 thousand for a sublease contract and recognition of contingent liabilities for legal settlements of $183 thousand during the year-ago quarter. Balance Sheet (Unaudited) Total assets were $3.40 billion at March 31, 2026, an increase of $114.4 million, or 3.5%, from $3.28 billion at December 31, 2025 and an increase of $212.4 million, or 6.7%, from $3.18 billion at March 31, 2025. The increase for the current quarter was primarily due to increases in cash and cash equivalents and loans held-for-investment, partially offset by a decrease in loans held-for-sale. Loans The following table presents a composition of total loans (includes both loans held-for-sale and loans held-for-investment) as of the dates indicated: The increase in loans held-for-investment for the current quarter was primarily due to new funding of term loans of $112.9 million and net increase of lines of credit of $20.1 million, partially offset by pay-downs and pay-offs of term loans of $78.6 million, a loan transferred to loans held-for-sale of $1.1 million and charge-offs of $76 thousand. The decrease in loans held-for-sale for the current quarter was primarily due to sales of $21.8 million and pay-downs of $149 thousand, partially offset by new funding of $12.4 million and a loan transferred from loans held-for-investment of $1.1 million. The following table presents a composition of off-balance sheet credit exposure as of the dates indicated: Credit Quality The following table presents a summary of non-performing loans and assets, and classified assets as of the dates indicated: Allowance for Credit Losses The following table presents activity in ACL for the periods indicated: Investment Securities Total investment securities were $170.5 million at March 31, 2026, an increase of $10.5 million, or 6.5%, from $160.0 million at December 31, 2025 and an increase of $22.3 million, or 15.0%, from $148.2 million at March 31, 2025. The increase for the current quarter was primarily due to purchases of $18.7 million, partially offset by principal pay-downs of $6.9 million, a fair value decrease of $1.3 million and net premium amortization of $24 thousand. Deposits The following table presents the Company’s deposit mix as of the dates indicated: Total retail deposits were $2.51 billion at March 31, 2026, an increase of $56.7 million, or 2.3%, from $2.45 billion at December 31, 2025, and an increase of $249.5 million, or 11.0%, from $2.26 billion at March 31, 2025. The increase in retail time deposits for the current quarter was primarily due to new accounts of $116.8 million, renewals of matured accounts of $388.8 million and balance increases of $16.5 million, partially offset by matured and closed accounts of $485.0 million. Liquidity The following table presents a summary of the Company’s liquidity position as of the dates indicated: Shareholders’ Equity Shareholders’ equity was $396.7 million at March 31, 2026, an increase of $6.7 million, or 1.7%, from $390.0 million at December 31, 2025, and an increase of $25.9 million, or 7.0%, from $370.9 million at March 31, 2025. The increase for the current quarter was primarily due to net income and proceeds from stock option exercises of $112 thousand, partially offset by repurchases of common stock of $193 thousand, cash dividends declared on common stock of $3.1 million and preferred stock dividends of $86 thousand, and an increase in accumulated other comprehensive loss of $895 thousand. Stock Repurchases During the current quarter, the Company repurchased and retired 9,005 shares of common stock at a weighted-average price of $21.45, totaling $193.0 thousand. In 2025, the Company repurchased and retired 358,251 shares of common stock at a weighted-average price of $19.82, totaling $7.1 million. As of March 31, 2026, the Company is authorized to purchase 210,521 additional shares under its current stock repurchase program, which expires on July 31, 2026. Series C Preferred Stock The Company paid dividends of $86 thousand and $86 thousand for the current and year-ago quarters, respectively. Capital Ratios The following table presents capital ratios for the Company and the Bank as of the dates indicated: About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phrases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the conflicts in the Middle East on the national and global economies and markets; the impact of governmental monetary policy; any material weaknesses in the Company’s internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company’s ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; the ability of the Company to manage liquidity; changes in the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber-security risks; the Company's ability to successfully deploy new technology; acquisitions and branch and loan production office expansions; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company’s enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and other filings the Company makes with the SEC, which are available without charge at the SEC’s website (http://www.sec.gov) and on the investor relations section of the Company’s website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. PCB Bancorp and Subsidiary Non-GAAP Financial Measures Return on average tangible common equity, tangible common equity per common share and tangible common equity to total assets ratios The Company's TCE is calculated by subtracting preferred stock from shareholders’ equity. The Company had no intangible assets for the presented periods. ROATCE, TCE per common share, and TCE to total assets constitute supplemental financial information determined by methods other than in accordance with Generally Accepted Accounting Principles, or GAAP. These non-GAAP financial measures are used by management in its analysis of the Company's performance. These non-GAAP financial measures should not be viewed as substitutes for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. The following tables provide reconciliations of the non-GAAP financial measures with financial measures defined by GAAP. View source version on businesswire.com: https://www.businesswire.com/news/home/20260423819606/en/ Contacts Timothy Chang Executive Vice President & Chief Financial Officer 213-210-2000

BOK Financial (BOKF) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.3 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.42%. A quarter ago, it was expected that this Regional banking operator would post earnings of $2.13 per share when it actually produced earnings of $2.48, delivering a surprise of +16.43%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. BOK Financial, which belongs to the Zacks Banks - Southwest industry, posted revenues of $553.82 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.28%. This compares to year-ago revenues of $502.29 million. The company has topped consensus revenue estimates four 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. BOK Financial shares have added about 16.6% since the beginning of the year versus the S&P 500's gain of 4.1%. While BOK Financial 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 BOK Financial 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 $2.41 on $561.3 million in revenues for the coming quarter and $9.76 on $2.26 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 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, PCB Bancorp (PCB), is yet to report results for the quarter ended March 2026. This company is expected to post quarterly earnings of $0.67 per share in its upcoming report, which represents a year-over-year change of +26.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. PCB Bancorp's revenues are expected to be $30.25 million, up 12.6% 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 BOK Financial Corporation (BOKF) : Free Stock Analysis Report PCB Bancorp (PCB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The yearly results for PCB Bancorp (NASDAQ:PCB) were released last week, making it a good time to revisit its performance. Revenues came in 3.6% below expectations, at US$112m. Statutory earnings per share were relatively better off, with a per-share profit of US$2.58 being roughly in line with analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on PCB Bancorp after the latest results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. After the latest results, the three analysts covering PCB Bancorp are now predicting revenues of US$127.3m in 2026. If met, this would reflect a notable 14% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 6.4% to US$2.80. Before this earnings report, the analysts had been forecasting revenues of US$125.8m and earnings per share (EPS) of US$2.67 in 2026. So the consensus seems to have become somewhat more optimistic on PCB Bancorp's earnings potential following these results. See our latest analysis for PCB Bancorp The consensus price target was unchanged at US$25.25, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on PCB Bancorp, with the most bullish analyst valuing it at US$25.50 and the most bearish at US$25.00 per share. This is a very narrow spread of estimates, implying either that PCB Bancorp is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions. Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting PCB Bancorp's growth to accelerate, with the forecast 14% annualised growth to the end of 2026 ranking favourably alongside historical growth of 4.6% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 8.8% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that PCB Bancorp is expected to grow much faster than its industry. The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around PCB Bancorp's earnings potential next year. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for PCB Bancorp going out to 2027, and you can see them free on our platform here. You can also see our analysis of PCB Bancorp's Board and CEO remuneration and experience, and whether company insiders have been buying stock. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.