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Stock impact report

PCB Bancorp Reports Earnings for Q3 2024 [Yahoo! Finance]

PCB Bancorp (PCB) 
Last pcb bancorp earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
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 Highlights Net 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 compared with $21.7 million for the previous quarter and $22.4 million for the year-ago quarter. Net interest margin was 3.25% Show less Read more
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