Private Bancorp of America Q3 Net Income $11.4 Million; Net Interest Income Up 16%
LA JOLLA, Calif. — Private Bancorp of America (Nasdaq: PBAM), parent of CalPrivate Bank, reported third-quarter 2026 results on October 16 via GlobeNewswire: net income of $11.4 million and diluted EPS of $1.97, versus $13.1 million and $2.27 in the second quarter and $9.7 million and $1.65 in the third quarter of 2025. Return on assets was 1.65% and return on average tangible common equity 15.62%.
Net interest income was $34.1 million, up 16.3% year over year (an increase of $4.8 million) and 1.7% sequentially; the net interest margin was 5.05%, versus 5.18% in the second quarter and 4.65% a year earlier. Core deposits were $2.36 billion, up 1.4% sequentially and 7.8% year over year, with total deposits of $2.41 billion and a total cost of deposits of 1.66%. Loans held for investment were $2.19 billion, up 2.5% sequentially and 5.0% year over year; available-for-sale securities were $267.7 million.
Provision expense for credit losses was $1.3 million, including about $0.8 million related to the July 1, 2026 CECL model transition, versus a $0.2 million reversal in the second quarter and a $1.8 million expense a year earlier; the allowance was 1.45% of loans held for investment, and criticized loans were $71.9 million, or 3.29% of total loans. Noninterest income was $1.4 million and noninterest expense $18.4 million, including about $0.9 million of Nasdaq uplisting costs, for an efficiency ratio of 51.68%. Total assets were $2.75 billion and tangible book value per share was $50.56. The company's common stock began trading on Nasdaq on July 30, 2026, after its Form 10 was declared effective on July 29, 2026.
Published by GSM · USA (original Chinese edition)
Photo: CalPrivate Bank官方标志 / CalPrivate Bank official logo
