Net interest income has stagnated near $42.1 million in 2026Q1, as persistent margin compression between 1.0% and 1.1% continues to neutralize revenue growth.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 |
|---|
| Net Interest Income | 168.92M | 169.09M | 122.98M | 94.14M | 87.79M | 64.41M | 45.95M | 30.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.5M | 2.51M | 2.1M |
| NII Growth % | 108.17% | 37.49% | 30.64% | 7.24% | 36.29% | 40.19% | 48.91% | - | - | - | - | - | - | - | - | - | - | - | -100% | 39.26% | 19.64% | - |
| Net Interest Margin % | 4.17% | 4.19% | 3.05% | 3.99% | 3.84% | 2.84% | 2.91% | 3.7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4.79% | 3.86% | 4.31% |
| Interest Income | 222.94M | 225.98M | 179.8M | 123.52M | 93.58M | 67.77M | 51.81M | 37.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.92M | 3.77M | 3.24M |
| Interest Expense | 54.02M | 56.89M | 56.81M | 29.38M | 5.79M | 3.36M | 5.87M | 6.84M | 104.06K | 2.32K | 8.15K | 55 | 1.9K | 15.72K | 15.71K | 48.61K | 58.86K | 50.31K | 9.7K | 1.42M | 1.26M | 1.14M |
| Loan Loss Provision | -5.43M | -8.82M | 21.69M | 915K | 5.96M | 1.2M | 4.55M | 1M | -104.06K | -2.32K | -8.15K | -55 | -1.9K | -15.72K | -15.71K | -48.61K | -58.86K | -50.31K | -9.7K | 0 | 524K | 255K |
| Non-Interest Income | 10.66M | 11.09M | 4.78M | 3.38M | 4.44M | 3.79M | 2.39M | 1.95M | 31.33M | 21.5M | 18.21M | 15.33M | 12.21M | 9.25M | 9.48M | 10.09M | 7.27M | 5.91M | 5.23M | 796K | 294K | 357.21K |
| Non-Interest Income % | 4.56% | 4.68% | 2.59% | 2.66% | 4.53% | 5.3% | 4.41% | 4.93% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 13.93% | 7.23% | 9.94% |
| Total Revenue | 233.6M | 237.07M | 184.58M | 126.9M | 98.02M | 71.56M | 54.2M | 39.65M | 31.33M | 21.5M | 18.21M | 15.33M | 12.21M | 9.25M | 9.48M | 10.09M | 7.27M | 5.91M | 5.23M | 5.71M | 4.07M | 3.59M |
| Revenue Growth % | 73% | 28.44% | 45.45% | 29.47% | 36.96% | 32.03% | 36.7% | 26.55% | 45.71% | 18.08% | 18.78% | 25.53% | 31.98% | -2.35% | -6.06% | 38.75% | 23.11% | 12.99% | -8.55% | 40.52% | 13.16% | - |
| Non-Interest Expense | 101.64M | 101.04M | 97.81M | 59.75M | 64.29M | 52.82M | 37.01M | 22.13M | 4.7M | 3.59M | 2.9M | 3.26M | 2.29M | 1.68M | 1.47M | 2.11M | 1.81M | 1.83M | 1.4M | 4.57M | 3.87M | 2.73M |
| Efficiency Ratio | 43.51% | 42.62% | 52.99% | 47.08% | 65.59% | 73.8% | 68.29% | 55.8% | 15.01% | 16.69% | 15.92% | 21.24% | 18.78% | 18.12% | 15.48% | 20.93% | 24.89% | 30.93% | 26.88% | 79.88% | 95.23% | 75.86% |
| Operating Income | 83.37M | 87.96M | 8.26M | 36.86M | 21.98M | 14.19M | 6.77M | 9.68M | 632.26K | 17.91M | 5.17M | 3.46M | 3.15M | 798.07K | 760.28K | 738.31K | -677.7K | -960.48K | -5.61M | -268K | -1.59M | -522.87K |
| Operating Margin % | 35.69% | 37.1% | 4.48% | 29.04% | 22.43% | 19.82% | 12.49% | 24.42% | 2.02% | 83.31% | 28.39% | 22.55% | 25.81% | 8.62% | 8.02% | 7.32% | -9.32% | -16.26% | -107.43% | -4.69% | -39.07% | -14.55% |
| Operating Income Growth % | - | 964.47% | -77.58% | 67.66% | 54.96% | 109.6% | -30.1% | 1431.5% | -96.47% | 246.5% | 49.55% | 9.66% | 295.04% | 4.97% | 2.97% | 208.94% | 29.44% | 82.89% | -1995% | 83.13% | -203.9% | - |
| Pretax Income | 83.37M | 87.96M | 8.26M | 36.86M | 21.98M | 14.19M | 6.77M | 9.68M | 7.53M | 6.97M | 5.07M | 3.22M | 2.93M | 798.07K | 760.28K | 738.31K | -677.7K | -966.86K | -5.79M | -268K | -1.59M | -522.87K |
| Pretax Margin % | 35.69% | 37.1% | 4.48% | 29.04% | 22.43% | 19.82% | 12.49% | 24.42% | 24.04% | 32.41% | 27.84% | 21.03% | 23.99% | 8.62% | 8.02% | 7.32% | -9.32% | -16.37% | -110.81% | -4.69% | -39.07% | -14.55% |
| Income Tax | 23.37M | 24.9M | 2.83M | 10.95M | 5.87M | 3.48M | 2.05M | 2.91M | 2.27M | 3M | 2.06M | 1.31M | -1.15M | -447K | -378K | -353.2K | 800 | 800 | 800 | 1K | 1K | 800 |
| Effective Tax Rate % | 28.04% | 28.31% | 34.25% | 29.7% | 26.7% | 24.51% | 30.23% | 30.05% | 30.19% | 43.11% | 40.65% | 40.69% | -39.15% | -56.01% | -49.72% | -47.84% | -0.12% | -0.08% | -0.01% | -0.37% | -0.06% | -0.15% |
| Net Income | 60M | 63.06M | 5.43M | 25.91M | 16.11M | 10.71M | 4.72M | 6.77M | 5.26M | 3.96M | 3.01M | 1.91M | 4.07M | 1.23M | 1.14M | 1.06M | -678.5K | -967.66K | -5.79M | -269K | -1.59M | -523.67K |
| Net Margin % | 25.68% | 26.6% | 2.94% | 20.42% | 16.44% | 14.96% | 8.71% | 17.08% | 16.78% | 18.44% | 16.53% | 12.47% | 33.32% | 13.28% | 12.01% | 10.51% | -9.33% | -16.39% | -110.82% | -4.71% | -39.1% | -14.57% |
| Net Income Growth % | 245.78% | 1060.65% | -79.03% | 60.8% | 50.46% | 126.79% | -30.28% | 28.81% | 32.62% | 31.75% | 57.37% | -53.01% | 231.27% | 7.93% | 7.39% | 256.22% | 29.88% | 83.29% | -2053.16% | 83.08% | -203.63% | - |
| Net Income (Continuing) | 60M | 63.06M | 5.43M | 25.91M | 16.11M | 10.71M | 4.72M | 6.77M | 5.26M | 3.96M | 3.01M | 1.91M | 4.08M | 1.25M | 1.14M | 1.09M | -678.5K | -967.66K | -5.79M | -269K | -1.59M | -523.67K |
| EPS (Diluted) | 1.84 | 1.93 | 0.22 | 1.39 | 0.88 | 0.72 | 0.49 | 0.78 | 0.71 | 0.74 | 0.69 | 0.45 | 1.21 | 0.38 | 0.33 | 0.28 | -0.26 | -0.37 | -2.19 | -0.10 | -1.15 | -0.63 |
| EPS Growth % | 306.67% | 777.27% | -84.17% | 57.95% | 22.22% | 46.94% | -37.18% | 9.86% | -4.05% | 7.25% | 53.33% | -62.81% | 218.42% | 15.15% | 17.86% | 207.69% | 29.73% | 83.1% | -2090% | 91.3% | -82.54% | - |
| EPS (Basic) | - | 1.95 | 0.22 | 1.42 | 0.90 | 0.74 | 0.50 | 0.80 | 0.74 | 0.76 | 0.69 | 0.45 | 1.21 | 0.38 | 0.33 | 0.28 | -0.26 | -0.37 | -2.19 | -0.10 | -1.15 | -0.63 |
| Diluted Shares Outstanding | 32.68M | 32.75M | 24.62M | 18.66M | 18.23M | 14.91M | 9.7M | 8.63M | 7.36M | 5.36M | 4.35M | 4.27M | 3.36M | 3.27M | 3.27M | 2.98M | 2.64M | 2.64M | 2.64M | 7M | 1.38M | 836.58K |
California CRE concentration risk
As reported in recent financial filings, BCAL's net interest income has plateaued near $42 million per quarter, reflecting a deceleration from the aggressive growth observed in 2024, which suggests that the bank is currently struggling to expand its interest-earning asset base in a competitive rate environment.
The recent stagnation in NII indicates that the benefits from previous inorganic expansion may be fully realized, leaving the bank to rely on organic loan growth that is currently muted. Investors should monitor whether the bank can maintain its current interest income levels without further balance sheet expansion or if deposit cost pressures will continue to erode the net interest spread.
Based on the provided quarterly data, BCAL's net interest margin has remained compressed at approximately 1.0% to 1.1%, suggesting that the bank's funding costs are effectively neutralizing the yield benefits typically expected from its commercial and industrial loan portfolio in the current interest rate cycle.
The persistent 1.0% NIM level highlights a structural challenge in managing deposit betas while maintaining a competitive edge in the Southern California SME market. This margin profile appears to limit the bank's ability to generate significant earnings growth from its existing asset base, warranting further investigation into the bank's deposit mix and pricing strategy.
According to the bank's income statement, the efficiency ratio has fluctuated significantly, reaching 45.6% in 2026Q1, which suggests that the costs associated with maintaining a high-touch relationship banking model are currently scaling inconsistently relative to the bank's total revenue generation capacity across its regional footprint.
The variability in the efficiency ratio implies that the bank's operating leverage is not yet fully optimized following its recent merger activity. Sustained levels above 45% may indicate that the integration of new operations is creating persistent overhead burdens that could weigh on future pre-provision net revenue.
As indicated by the quarterly financial statements, BCAL's provision for loan losses has shown significant volatility, including a notable $23 million charge in 2024Q3, which suggests that the bank is actively managing potential credit stress within its concentrated commercial real estate and construction loan portfolios.
The shift from large provision expenses to recent net recoveries indicates a reactive approach to credit risk management under the CECL framework. Investors should monitor whether these fluctuations represent a stabilization of the loan book or if they mask underlying asset quality deterioration that could necessitate future, more substantial provisioning.
Quick answers to the most common questions about buying BCAL stock.
Southern California Bancorp (BCAL) is profitable, generating $63.1M in net income for the fiscal year ending 2025 with a net profit margin of 26.6%.
Southern California Bancorp (BCAL) reported an operating income of $88.0M, resulting in an operating profit margin of 37.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Southern California Bancorp (BCAL) generated $189.0M in gross profit for the year, representing a gross profit margin of 79.7%. This demonstrates the company's core pricing power and production efficiency.