PCB earnings analysis
What we found in PCB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
PCB Bancorp reported for Q1 2026 a net income available to common shareholders of $10.567 million, reflecting a 37.3% increase from $7.735 million in the same quarter last year. Revenue was reported at $30.184 million, with a slight decrease of 0.2% compared to the prior quarter. Operating income was bolstered by lower credit loss provisions and a notable increase in non-interest income fueled by higher gains from loan sales.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Growth of 39% YoY
- Diluted EPS rose to $0.74, compared to $0.53 in Q1 2025, marking a 39% increase.
- Significant Revenue Increase
- Total revenue reached $30.184 million, a 13.1% increase from $26.863 million in Q1 2025.
- Lower Credit Loss Provision
- Provision for credit losses fell to $467 thousand from $1.598 million year over year.
- Strong Loan Sale Gains
- Gains on loan sales increased 58.9% to $1.4 million from $887 thousand a year prior.
- Improved Net Interest Margin
- Net interest margin improved to 3.36%, up from 3.28% year over year.
- Higher Operating Cash Flow
- Operating cash flow surged to $20.676 million, compared to $2.348 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increase in Non-Performing Loans
- Nonperforming assets increased to $9.276 million, up 17.3% from $7.910 million at year-end 2025.
- High Uninsured Deposits
- Estimated total deposits not covered by deposit insurance increased to $1.364 billion from $1.270 billion.
- Rising Interest Rate Risks
- Interest rate risk sensitivity reflects a potential decrease in net interest income in a falling rate environment.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.74
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-K · March 16, 2026
- PCB Bancorp (the Bank) describes a focused community/regional commercial bank strategy: expand lending (particularly SBA and CRE) in its primary markets while maintaining conservative underwriting and credit controls.…
- 10-Q · August 8, 2025
- PCB Bancorp reported stronger quarter: total operating revenue (net interest income + noninterest income) rose to $29,287,000 in Q2 2025 and net income increased to $9,071,000, driving diluted EPS of $0.62. Balance…
- 10-K · March 13, 2025
- PCB Bancorp emphasizes a relationship-driven, geographically focused lending strategy centered on a diversified portfolio of CRE, C&I and consumer loans while maintaining conservative underwriting and semi-annual…
- 10-Q · November 7, 2024
- PCB Bancorp reported Q3 (three months ended September 30, 2024) core results with revenue of $25,339,000 and diluted EPS of $0.52, both up versus the prior-year quarter. Loan balances and deposits expanded materially…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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