Net interest income has trended upward to $26.8 million in 2026Q1, supported by a disciplined efficiency ratio that improved to 28.4% from 35.2% in 2024Q1.
| 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 | Dec'04 | Dec'03 |
|---|
| Net Interest Income | 106.41M | 103.88M | 88.62M | 88.5M | 89.63M | 77.14M | 66.19M | 69.03M | 65.75M | 55.17M | 45.58M | 37.04M | 32.12M | 26.92M | 22.8M | 20.65M | 20.08M | 17.19M | 19.95M | 20M | 14.59M | 8.49M | 3.52M | 184.61K |
| NII Growth % | 63.68% | 17.22% | 0.13% | -1.26% | 16.2% | 16.54% | -4.12% | 5% | 19.17% | 21.04% | 23.06% | 15.31% | 19.32% | 18.05% | 10.43% | 2.84% | 16.79% | -13.82% | -0.27% | 37.15% | 71.75% | 141.09% | 1808.05% | - |
| Net Interest Margin % | 3.13% | 3.17% | 2.89% | 3.17% | 3.7% | 3.59% | 3.44% | 3.95% | 3.87% | 3.83% | 3.72% | 3.55% | 3.59% | 3.56% | 3.73% | 3.78% | 3.73% | 3.2% | 3.43% | 3.94% | 3.75% | 3.14% | 2.88% | 0.35% |
| Interest Income | 199.47M | 197.54M | 180.82M | 151.18M | 101.75M | 81.47M | 79.76M | 92.94M | 83.7M | 65.27M | 52.59M | 43.27M | 37.18M | 31.35M | 27.25M | 25.58M | 35.37M | 30.87M | 36.57M | 36.44M | 25.48M | 12.12M | 4.67M | 269.73K |
| Interest Expense | 93.07M | 93.66M | 92.2M | 62.67M | 12.12M | 4.33M | 13.57M | 23.91M | 17.95M | 10.1M | 7.01M | 6.23M | 5.06M | 4.43M | 4.45M | 4.93M | 15.29M | 13.67M | 16.63M | 16.43M | 10.9M | 3.62M | 1.15M | 85.13K |
| Loan Loss Provision | 2.9M | 4.03M | 3.4M | -132K | 3.6M | -4.6M | 13.22M | 4.24M | 1.23M | 1.83M | 2.28M | 412K | -1.1M | 707K | 7.09M | 11.25M | 24.05M | 26.94M | 7.15M | 4.49M | 2.4M | 1.17M | 627.57K | 332K |
| Non-Interest Income | 12.63M | 11.84M | 11.09M | 10.68M | 14.5M | 18.43M | 11.74M | 11.87M | 10.45M | 13.89M | 13.28M | 12.78M | 11.57M | 10.44M | 10.1M | 7.81M | 6.32M | 4.86M | 4.54M | 5.12M | 3.25M | 2.24M | 2.05M | 8.05K |
| Non-Interest Income % | 5.95% | 5.65% | 5.78% | 6.6% | 12.47% | 18.45% | 12.83% | 11.32% | 11.1% | 17.55% | 20.16% | 22.8% | 23.74% | 24.99% | 27.05% | 23.38% | 15.15% | 13.59% | 11.05% | 12.32% | 11.32% | 15.58% | 30.5% | 2.9% |
| Total Revenue | 212.1M | 209.37M | 191.91M | 161.86M | 116.25M | 99.91M | 91.5M | 104.81M | 94.15M | 79.16M | 65.87M | 56.05M | 48.76M | 41.79M | 37.35M | 33.39M | 41.69M | 35.72M | 41.12M | 41.56M | 28.73M | 14.35M | 6.73M | 277.78K |
| Revenue Growth % | 35.5% | 9.1% | 18.57% | 39.23% | 16.36% | 9.19% | -12.7% | 11.32% | 18.94% | 20.17% | 17.53% | 14.96% | 16.67% | 11.88% | 11.88% | -19.92% | 16.71% | -13.12% | -1.06% | 44.62% | 100.21% | 113.35% | 2321.65% | - |
| Non-Interest Expense | 59.54M | 59.2M | 60.02M | 56.06M | 51.13M | 43.21M | 41.7M | 42.31M | 40.23M | 35.9M | 32.17M | 28.32M | 24.41M | 20.82M | 17.6M | 16.39M | 15.98M | 15.1M | 16.2M | 16.49M | 10.53M | 6.54M | 3.9M | -139.34K |
| Efficiency Ratio | 28.07% | 28.27% | 31.28% | 34.63% | 43.98% | 43.25% | 45.57% | 40.37% | 42.72% | 45.34% | 48.84% | 50.53% | 50.07% | 49.83% | 47.12% | 49.1% | 38.34% | 42.27% | 39.39% | 39.68% | 36.66% | 45.56% | 58.03% | -50.16% |
| Operating Income | 56.6M | 52.49M | 36.29M | 43.26M | 49.4M | 56.96M | 23.01M | 34.35M | 34.74M | 31.34M | 24.4M | 21.09M | 20.38M | 15.83M | 8.22M | 818.37K | -13.64M | -19.99M | 1.15M | 4.14M | 4.91M | 3.02M | 1.04M | 0 |
| Operating Margin % | 26.68% | 25.07% | 18.91% | 26.73% | 42.5% | 57.01% | 25.15% | 32.77% | 36.9% | 39.59% | 37.05% | 37.62% | 41.8% | 37.89% | 22.01% | 2.45% | -32.72% | -55.96% | 2.79% | 9.97% | 17.08% | 21.04% | 15.51% | 0% |
| Operating Income Growth % | - | 44.65% | -16.13% | -12.43% | -13.27% | 147.53% | -33.01% | -1.13% | 10.86% | 28.43% | 15.73% | 3.46% | 28.72% | 92.62% | 904.46% | 106% | 31.76% | -1844.33% | -72.35% | -15.53% | 62.48% | 189.5% | - | - |
| Pretax Income | 56.6M | 52.49M | 36.29M | 43.26M | 49.4M | 56.96M | 23.01M | 34.35M | 34.74M | 31.34M | 24.4M | 21.09M | 20.38M | 15.83M | 8.22M | 818.37K | -13.64M | -19.99M | 1.15M | 4.14M | 4.91M | 3.02M | 1.04M | 0 |
| Pretax Margin % | 26.68% | 25.07% | 18.91% | 26.73% | 42.5% | 57.01% | 25.15% | 32.77% | 36.9% | 39.59% | 37.05% | 37.62% | 41.8% | 37.89% | 22.01% | 2.45% | -32.72% | -55.96% | 2.79% | 9.97% | 17.08% | 21.04% | 15.51% | 0% |
| Income Tax | 16.23M | 15.04M | 10.48M | 12.56M | 14.42M | 16.86M | 6.84M | 10.24M | 10.44M | 14.94M | 10.4M | 8.9M | 8.56M | -5.55M | 183.56K | -23.31K | 4.03M | -3.85M | 425.44K | 1.67M | 2.09M | 862K | 800 | 0 |
| Effective Tax Rate % | 28.67% | 28.64% | 28.87% | 29.03% | 29.18% | 29.59% | 29.71% | 29.82% | 30.06% | 47.66% | 42.62% | 42.21% | 42.01% | -35.04% | 2.23% | -2.85% | -29.53% | 19.28% | 37.12% | 40.24% | 42.67% | 28.54% | 0.08% | - |
| Net Income | 40.37M | 37.45M | 25.81M | 30.7M | 34.99M | 40.1M | 16.18M | 24.11M | 24.3M | 16.4M | 14M | 12.19M | 11.82M | 21.38M | 8.04M | 841.68K | -17.67M | -16.14M | 720.85K | 2.48M | 2.81M | 2.16M | 1.04M | -968.32K |
| Net Margin % | 19.03% | 17.89% | 13.45% | 18.97% | 30.1% | 40.14% | 17.68% | 23% | 25.81% | 20.72% | 21.26% | 21.74% | 24.24% | 51.17% | 21.52% | 2.52% | -42.39% | -45.17% | 1.75% | 5.96% | 9.79% | 15.04% | 15.5% | -348.59% |
| Net Income Growth % | 39.89% | 45.11% | -15.94% | -12.24% | -12.76% | 147.93% | -32.91% | -0.79% | 48.15% | 17.15% | 14.9% | 3.11% | -44.73% | 166.07% | 854.82% | 104.76% | -9.51% | -2338.46% | -70.9% | -11.94% | 30.35% | 107.03% | 207.65% | - |
| Net Income (Continuing) | 40.37M | 37.45M | 25.81M | 30.7M | 34.99M | 40.1M | 16.18M | 24.11M | 24.3M | 16.4M | 14M | 12.19M | 11.82M | 21.38M | 8.04M | 841.68K | -17.67M | -16.14M | 720.85K | 2.48M | 2.81M | 2.16M | 1.04M | -968.32K |
| EPS (Diluted) | 2.84 | 2.58 | 1.74 | 2.12 | 2.32 | 2.62 | 1.04 | 1.49 | 1.66 | 1.21 | 1.11 | 1.02 | 1.03 | 1.83 | 0.62 | -0.02 | -3.67 | -6.04 | 0.27 | 0.99 | 1.13 | 1.03 | 0.63 | -0.61 |
| EPS Growth % | 43.3% | 48.28% | -17.92% | -8.62% | -11.45% | 151.92% | -30.2% | -10.24% | 37.19% | 9.01% | 8.82% | -0.97% | -43.72% | 195.16% | 2855.56% | 99.39% | 39.24% | -2337.04% | -72.73% | -12.39% | 9.71% | 63.49% | 203.28% | - |
| EPS (Basic) | - | 2.62 | 1.75 | 2.14 | 2.36 | 2.66 | 1.05 | 1.52 | 1.69 | 1.22 | 1.12 | 1.03 | 1.03 | 1.84 | 0.62 | -0.02 | -3.67 | -6.04 | 0.27 | 1.06 | 1.22 | 1.09 | 0.65 | -0.61 |
| Diluted Shares Outstanding | 14.24M | 14.28M | 14.34M | 14.42M | 15.06M | 15.25M | 15.45M | 16.17M | 14.67M | 13.54M | 12.61M | 11.93M | 13.61M | 11.16M | 11.15M | 11.14M | 5.1M | 2.84M | 2.67M | 2.5M | 2.5M | 2.1M | 1.65M | 1.59M |
CRE and SBA concentration
According to the latest quarterly filings, PCB Bancorp achieved a net interest income of $26.8 million in 2026Q1, reflecting a sustained upward trajectory from the $21.0 million reported in 2024Q1 as the bank successfully scaled its loan portfolio despite a challenging interest rate environment.
The consistent expansion in NII suggests that the bank's niche focus on the Korean-American business community provides a resilient foundation for loan growth. Investors should monitor whether this growth is driven by volume expansion in new markets or if it remains sensitive to deposit beta pressures that could compress future net interest income.
As reported in financial statements, PCB Bancorp improved its efficiency ratio to 28.4% in 2026Q1, a notable improvement from the 35.2% level observed in 2024Q1, indicating that the bank is successfully leveraging its LPO-heavy model to drive revenue growth without proportional increases in non-interest expenses.
This trend suggests that the bank's strategy of utilizing low-overhead Loan Production Offices is yielding tangible operating leverage. The ability to maintain such efficiency ratios while expanding into new geographic markets warrants further investigation into the sustainability of these cost structures as the bank scales.
Based on PCB's reported figures, the provision for credit losses fluctuated significantly, reaching $467,000 in 2026Q1 compared to a $1.8 million charge in 2025Q2, which highlights the inherent volatility in CECL-based provisioning for a bank with a concentrated commercial real estate loan portfolio.
The variability in provision expense appears to reflect shifting macroeconomic forecasts rather than immediate deterioration in asset quality. However, given the bank's heavy concentration in CRE, investors should remain cautious regarding the potential for future reserve builds if property valuations in Southern California face downward pressure.
Data from recent quarterly reports indicates that non-interest income, largely driven by SBA loan sales, contributed $3.4 million in 2026Q1, representing a critical component of the bank's earnings profile that remains susceptible to secondary market liquidity and government guarantee program fluctuations.
The reliance on SBA gain-on-sale premiums suggests that non-interest income may be more volatile than core interest-based revenue streams. This dependency warrants close monitoring, as any contraction in secondary market premiums could disproportionately impact the bank's overall profitability and earnings quality.
Quick answers to the most common questions about buying PCB stock.
PCB Bancorp (PCB) is profitable, generating $37.5M in net income for the fiscal year ending 2025 with a net profit margin of 17.9%.
PCB Bancorp (PCB) reported an operating income of $52.5M, resulting in an operating profit margin of 25.1%. This margin reflects the operational efficiency of the business before interest and taxes.
PCB Bancorp (PCB) generated $111.7M in gross profit for the year, representing a gross profit margin of 53.3%. This demonstrates the company's core pricing power and production efficiency.