California BanCorp

Q3 FY2026 EarningsQ3 FY26 results were largely in-line with consensus: total revenue $46.0M vs. $46.1M expected, and diluted EPS $0.43 vs. $0.4325 expected. Net income of $14.0M slightly exceeded expectations, primarily driven by a favorable tax rate (23.9% vs. 28.0% expected) which offset a significant spike in credit loss provisions ($3.2M vs. $0.7M in Q2). While loan and deposit growth remained steady (+1.7% and +3.5% QoQ respectively), Net Interest Margin compressed to 4.61%, slightly below the projected 4.67% consensus, reflecting higher deposit costs and nonaccrual interest reversals.