<span item_type="fundamental" item_id="132686c6283c4dd24ab8b340a932bcce" counter_id="ST/US/BCAL" env="prod"></span><span item_type="announcement" item_id="609855478192085122" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 59.18 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD 0.5, beating the estimate of USD 0.4333.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -24.91 M.</p><p></p><h4>Net Income</h4><p>California BanCorp reported Net Income of $16.4 million for the fourth quarter of 2025, compared to $15.7 million in the third quarter of 2025 and $16.8 million in the fourth quarter of 2024. For the full year 2025, Net Income was $63.1 million, a significant increase from $5.4 million for the full year of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Net Interest Margin</h4><p>The Net Interest Margin for the fourth quarter of 2025 was 4.44%, a decrease from 4.52% in the prior quarter. For the full year 2025, it was 4.55%, up from 4.28% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Reversal of Provision for Credit Losses</h4><p>In the fourth quarter of 2025, California BanCorp recorded a reversal of provision for credit losses of $4.4 million, compared to a reversal of $15 thousand in the prior quarter. For the full year 2025, there was a reversal of $8.8 million, a change from a provision of $21.7 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Return on Average Assets</h4><p>Return on Average Assets was 1.58% in the fourth quarter of 2025, up from 1.54% in the prior quarter. For the full year 2025, it stood at 1.57%, a substantial increase from 0.18% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Return on Average Common Equity</h4><p>The Return on Average Common Equity for the fourth quarter of 2025 was 11.43%, up from 11.24% in the prior quarter. The full year 2025 figure was 11.56%, significantly higher than 1.43% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Return on Average Tangible Common Equity (non-GAAP)</h4><p>Return on Average Tangible Common Equity (non-GAAP) was 14.80% in the fourth quarter of 2025, an increase from 14.72% in the prior quarter. For the full year 2025, it was 15.25%, a considerable increase from 1.81% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Efficiency Ratio (non-GAAP)</h4><p>California BanCorp’s Efficiency Ratio (non-GAAP) was 60.80% in the fourth quarter of 2025, compared with 51.75% in the prior quarter; excluding severance costs and net litigation settlements, the ratio would have been 52.72%. For the full year 2025, the ratio was 56.1%, an improvement from 76.6% in the prior year (or 63.8% excluding merger-related expenses in the prior year).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Total Loans (including loans held for sale)</h4><p>Total Loans (including loans held for sale) reached $3.06 billion at December 31, 2025, an increase of $62.0 million from $3.00 billion at September 30, 2025. Year-over-year, total loans decreased by $97.4 million from $3.16 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Nonperforming Assets to Total Assets Ratio</h4><p>The Nonperforming Assets to Total Assets Ratio was 0.40% at December 31, 2025, slightly up from 0.38% at September 30, 2025, but down from 0.76% at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Allowance for Credit Losses (ACL) to Total Loans Held for Investment</h4><p>Allowance for Credit Losses (ACL) to Total Loans Held for Investment was 1.20% at December 31, 2025, compared to 1.46% at September 30, 2025, and 1.71% at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Allowance for Loan Losses (ALL) to Total Loans Held for Investment</h4><p>Allowance for Loan Losses (ALL) to Total Loans Held for Investment was 1.13% at December 31, 2025, compared to 1.38% at September 30, 2025, and 1.61% at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Total Deposits</h4><p>Total Deposits were $3.37 billion at December 31, 2025, a decrease of $89.1 million from $3.46 billion at September 30, 2025. This compares to $3.40 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Noninterest-Bearing Deposits</h4><p>Noninterest-Bearing Deposits represented 35.0% of total deposits at December 31, 2025, down from 35.8% at September 30, 2025, and 37.0% at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Cost of Deposits</h4><p>The Cost of Deposits in the fourth quarter of 2025 was 1.43%, down from 1.59% in the prior quarter. For the full year 2025, it was 1.55%, down from 2.01% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Cost of Funds</h4><p>Cost of Funds in the fourth quarter of 2025 was 1.50%, a decrease of 19 basis points from 1.69% in the prior quarter. For the full year 2025, it was 1.66%, down from 2.12% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Stock Repurchase Program</h4><p>In the fourth quarter of 2025, California BanCorp repurchased 122,428 shares of common stock at an average price of $16.37, totaling $2.0 million. For the full year 2025, the company repurchased 211,928 shares at an average price of $15.89 for a total cost of $3.4 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Dividend</h4><p>California BanCorp declared a dividend of $0.10 per common share in the fourth quarter of 2025, totaling $3.3 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Tangible Book Value per Common Share (non-GAAP)</h4><p>Tangible Book Value per Common Share (non-GAAP) was $13.79 at December 31, 2025, up $0.40 from $13.39 at September 30, 2025. Year-over-year, it increased by $2.08 from $11.71 at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Capital Ratios</h4><p>As of December 31, 2025, California BanCorp’s preliminary capital ratios exceeded the minimums required to be “well-capitalized”. The Tangible Common Equity to Total Tangible Assets (non-GAAP) increased to 11.45% at December 31, 2025, from 10.94% in the prior quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Total Assets</h4><p>Total Assets amounted to $4.03 billion at December 31, 2025, a decrease of $67.8 million or 1.7% from $4.10 billion at September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Net Interest Income</h4><p>Net Interest Income for the fourth quarter of 2025 was $42.9 million, compared with $42.5 million in the prior quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Noninterest Income</h4><p>Noninterest Income in the fourth quarter of 2025 was $3.0 million, an increase of $327 thousand compared with $2.7 million in the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Noninterest Expense</h4><p>Noninterest Expense in the fourth quarter of 2025 was $27.9 million, an increase of $4.5 million from $23.4 million in the prior quarter, primarily due to severance costs and litigation settlements.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p><h4>Outlook / Guidance</h4><p>California BanCorp is well-positioned for organic growth in loans and deposits through its relationship-based business model, following a transformative year including a successful merger and balance sheet restructuring. The company plans to leverage the increased scarcity of relationship-based commercial banks and will continue to opportunistically add high-level talent across its markets. Management believes it has appropriately provisioned for the current economic environment while monitoring macroeconomic variables.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1795815/000149315226003886/ex99-1.htm"></span></p>

California BanCorp | 8-K: FY2025 Q4 Revenue: USD 59.18 M