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PCB Bancorp Reports Earnings for Q3 2024

PCB Bancorp (PCB) 
Last pcb bancorp earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income available to common shareholders of $7.5 million, or $0.52 per diluted common share, for the third quarter of 2024, compared with $6.1 million, or $0.43 per diluted common share, for the previous quarter and $7.0 million, or $0.49 per diluted common share, for the year-ago quarter.Q3 2024 HighlightsNet income available to common shareholders totaled $7.5 million, or $0.52 per diluted common share;Recorded a provision for credit losses of $50 thousand for the current quarter compared with $259 thousand for the previous quarter and $751 thousand for the year-ago quarter;Allowance for Credit Losses (“ACL”) on loans to loans held-for-investment ratio was 1.17% at September 30, 2024 compared with 1.17% at June 30, 2024, 1.19% at December 31, 2023 and 1.18% at September 30, 2023;Net interest income was $22.7 million for the current quarter comp Show less Read more
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