California Bancorp Q2 FY26 net income rises 3.69% to $14.3 million vs Q1 FY26
Reuters2026/08/07 20:18- California Bancorp posted Q2 net income of $14.3 million, up 3.69% from Q1, with diluted EPS of $0.44.
- Net interest income rose 3.02% from Q1 to $43.35 million, lifting net interest margin by 24 percentage points to 4.71%.
- Provision for credit losses swung to expense of $714,000 from a $381,000 reversal in Q1.
- Noninterest income fell 27.43% from Q1 to $1.55 million, while noninterest expense declined 4.57% to $24.35 million.
- Loans climbed to $3.11 billion at June 30 from $3.06 billion at year-end, while deposits edged down to $3.36 billion from $3.37 billion.
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