Southern California Bancorp (BCAL) 10-Year Financial Performance & Capital Metrics

BCAL • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutSouthern California Bancorp operates as the holding company for Bank of Southern California, N.A. that provides various financial products to individuals, professionals, and small-to medium-sized businesses. The company offers checking, personal and business savings, and money market accounts, as well as certificates of deposit. It also provides home equity lines of credit, business loans and lines of credit, commercial real estate and construction loans, small business administration loans, letters of credit, and personal and business credit cards. In addition, the company provides cash vault, sweep accounts, and remote deposit capture services; online and mobile banking services; courier service; lockbox services; and merchant services. It operates branches in San Diego, Orange, Ventura, Los Angeles, and Riverside counties, as well as the Inland Empire. The company was founded in 2001 and is headquartered in San Diego, California.Show more

Net Interest Income $123M +30.6%
Total Revenue $185M +45.4%
Net Income $5M -79.0%
Return on Equity 1.36% -85.6%
Net Interest Margin 3.05% -23.5%
Efficiency Ratio 52.99% +12.6%
ROA 0.17% -84.8%
Equity / Assets 12.7% +4.0%
Book Value per Share 20.79 +34.6%
Tangible BV/Share 15.34 +14.9%
Debt/Equity 0.17 -56.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 53.0% efficiency ratio
✓Well capitalized: 12.7% equity/assets
✓Trading at only 0.9x book value

✗Weaknesses

✗Shares diluted 32.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y31.2%

5Y36.01%

3Y37.14%

TTM-

Profit (Net Income) CAGR

10Y2.93%

5Y-4.31%

3Y-20.24%

TTM1015.37%

EPS CAGR

10Y-15.67%

5Y-22.36%

3Y-32.65%

TTM2525%

ROCE

10Y Avg3.99%

5Y Avg4.93%

3Y Avg5.99%

Latest1.57%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	30.85M	45.95M	64.41M	87.79M	94.14M	122.98M
NII Growth %	-	-	-	-	-	0.49%	0.4%	0.36%	0.07%	0.31%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	37.7M	51.81M	67.77M	93.58M	123.52M	179.8M
Interest Expense	55	8.15K	2.32K	104.06K	6.84M	5.87M	3.36M	5.79M	29.38M	56.81M
Loan Loss Provision	-55	-8.15K	-2.32K	-104.06K	1M	4.55M	1.2M	5.96M	915K	21.69M
Non-Interest Income+	15.33M	18.21M	21.5M	31.33M	1.95M	2.39M	3.79M	4.44M	3.38M	4.78M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	15.33M	18.21M	21.5M	31.33M	39.65M	54.2M	71.56M	98.02M	126.9M	184.58M
Revenue Growth %	0.26%	0.19%	0.18%	0.46%	0.27%	0.37%	0.32%	0.37%	0.29%	0.45%
Non-Interest Expense	3.26M	2.9M	3.59M	4.7M	22.13M	37.01M	52.82M	64.29M	59.75M	97.81M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	3.46M	5.17M	17.91M	632.26K	9.68M	6.77M	14.19M	21.98M	36.86M	8.26M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.1%	0.5%	2.46%	-0.96%	14.31%	-0.3%	1.1%	0.55%	0.68%	-0.78%
Pretax Income+	3.22M	5.07M	6.97M	7.53M	9.68M	6.77M	14.19M	21.98M	36.86M	8.26M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.31M	2.06M	3M	2.27M	2.91M	2.05M	3.48M	5.87M	10.95M	2.83M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.91M	3.01M	3.96M	5.26M	6.77M	4.72M	10.71M	16.11M	25.91M	5.43M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.53%	0.57%	0.32%	0.33%	0.29%	-0.3%	1.27%	0.5%	0.61%	-0.79%
Net Income (Continuing)	1.91M	3.01M	3.96M	5.26M	6.77M	4.72M	10.71M	16.11M	25.91M	5.43M
EPS (Diluted)+	0.45	0.69	0.74	0.71	0.78	0.49	0.72	0.88	1.39	0.22
EPS Growth %	-0.63%	0.53%	0.07%	-0.04%	0.1%	-0.37%	0.47%	0.22%	0.58%	-0.84%
EPS (Basic)	0.45	0.69	0.76	0.74	0.80	0.50	0.74	0.90	1.42	0.22
Diluted Shares Outstanding	4.27M	4.35M	5.36M	7.36M	8.63M	9.7M	14.91M	18.23M	18.66M	24.62M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	0	-1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	0	-6.2M	-7.38M	-13.53M	9.9M	11.95M	22.43M	60.3M	33.01M	60.47M
Short Term Investments	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	2.49M	2.85M	3.26M	6.23M	687.63M	1.25B	1.55B	2.06B	2.13B	3.3B
Investments Growth %	-	0.15%	0.14%	0.91%	109.41%	0.82%	0.24%	0.33%	0.03%	0.55%
Long-Term Investments	2.49M	2.85M	3.26M	6.23M	671.29M	1.22B	1.49B	1.94B	2B	3.16B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	19.72M	36.78M	37.8M	37.8M	111.79M
Intangible Assets	1.64M	1.49M	1.4M	18.88M	0	1.88M	2.02M	1.58M	1.2M	22.27M
PP&E (Net)	4.25M	4.23M	4.56M	5.01M	9.47M	15.05M	27.71M	22.94M	22.56M	27.95M
Other Assets	299.14M	345.08M	428.45M	666.88M	104.74M	275.82M	617.19M	94.38M	128.68M	464.97M
Total Current Assets	36.81M	69.78M	41.2M	68.94M	26.24M	36.65M	78M	172.88M	163.04M	202.47M
Total Non-Current Assets	307.52M	355.27M	439.06M	700.07M	803.95M	1.54B	2.18B	2.11B	2.2B	3.83B
Total Assets+	344.33M	425.05M	480.26M	769.01M	833.29M	1.58B	2.27B	2.28B	2.36B	4.03B
Asset Growth %	0.08%	0.23%	0.13%	0.6%	0.08%	0.89%	0.43%	0.01%	0.03%	0.71%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	7.5M	0	20M	35M	35.02M	39.66M	29.41M	78.83M	114.98M	88.03M
Net Debt	7.5M	6.2M	27.38M	48.53M	25.12M	27.71M	6.98M	18.53M	81.97M	27.56M
Long-Term Debt	0	0	0	20M	30M	30.27M	20.41M	67.77M	102.86M	69.72M
Short-Term Debt	7.5M	0	20M	15M	0	0	0	0	0	0
Other Liabilities	117.41M	196.93M	235.86M	3.77M	2.73M	175.76M	10.83M	12.84M	13.56M	33.02M
Total Current Liabilities	189.41M	182.53M	193.96M	239.95M	671.91M	1.19B	1.97B	1.93B	1.94B	3.4B
Total Non-Current Liabilities	117.41M	197.9M	236.61M	427.7M	37.75M	215.42M	40.24M	91.67M	128.54M	121.06M
Total Liabilities	306.82M	380.43M	430.57M	667.65M	712.77M	1.41B	2.02B	2.02B	2.07B	3.52B
Total Equity+	37.51M	44.62M	49.7M	101.36M	120.52M	168.88M	246.53M	260.36M	288.15M	511.84M
Equity Growth %	0.12%	0.19%	0.11%	1.04%	0.19%	0.4%	0.46%	0.06%	0.11%	0.78%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.07%	0.08%	0.07%	0.06%	0.03%	0.05%	0.06%	0.09%	0.01%
Book Value per Share	8.78	10.26	9.27	13.77	13.96	17.41	16.53	14.28	15.44	20.79
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	21.54M	25.7M	26.12M	42.04M	103.25M	146.9M	214.16M	218.28M	222.04M	442.47M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-2.03M	975.73K	4.94M	10.2M	16.97M	21.69M	32.4M	48.52M	70.58M	76.01M
Accumulated OCI	-9.2K	-16.79K	-12.69K	-51.12K	302.71K	295K	-38K	-6.44M	-4.46M	-6.64M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	3.05M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.76M	3.95M	3.73M	7.43M	8.37M	12.36M	19.65M	13.35M	33.1M	50.29M
Operating CF Growth %	0.15%	1.24%	-0.06%	0.99%	0.13%	0.48%	0.59%	-0.32%	1.48%	0.52%
Net Income	1.91M	3.01M	3.96M	5.26M	6.77M	4.72M	10.71M	16.11M	25.91M	5.43M
Depreciation & Amortization	483.82K	473.41K	442.36K	793.4K	1.28M	1.45M	1.72M	2M	1.92M	3.64M
Deferred Taxes	0	0	0	0	-162K	-2.09M	137K	-2.55M	418K	-426K
Other Non-Cash Items	95.01K	102.42K	-1.04M	268.26K	11.32K	4.84M	-6.85M	-3.84M	2.13M	14.7M
Working Capital Changes	-728.83K	364.81K	355.81K	1.11M	-127.96K	782K	8.44M	-2.05M	-1.79M	20.71M
Cash from Investing+	-54.18M	-46.87M	-83.18M	-38.45M	-34.73M	-301.69M	8.52M	-512.7M	-78.93M	524.65M
Purchase of Investments	-1.01M	-363.45K	-18.99M	-1.66M	-14.4K	-14.37M	-28.37M	-160.37M	-67.69M	-8.74M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	-20.57M	0	36.97M	33.95M	0	0	336.3M
Other Investing	-54.97M	-44.55M	-65.34M	-17.83M	-42.78M	-337.32M	-3.75M	-384.96M	-59.28M	166.72M
Cash from Financing+	25.25M	75.64M	50.76M	57.81M	50.53M	449.3M	301.01M	6.1M	45.86M	-273.58M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-2.76M	0	0	0	0	-3.67M	-574K	-889K	-1.97M
Stock Issued	1.89M	6.62M	801.19K	25.14M	11.44M	40.63M	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	15.86M	79.28M	29.96M	17.67M	44.1M	282.19M	518.62M	-40.23M	11.75M	-186.61M
Net Change in Cash+	-27.17M	32.72M	-28.69M	26.79M	24.18M	159.97M	329.19M	-493.25M	33K	301.37M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	0	0	0	0	66.67M	90.85M	250.82M	580.01M	86.76M	86.79M
Cash at End	-27.17M	32.72M	-28.69M	26.79M	90.85M	250.82M	580.01M	86.76M	86.79M	388.16M
Interest Paid	0	0	0	0	6.97M	5.71M	3.59M	5.55M	29.03M	52.09M
Income Taxes Paid	0	0	0	0	3.45M	5.51M	1.03M	7.95M	12.37M	4.77M
Free Cash Flow+	1.48M	-350.65K	3.03M	6.78M	7.17M	10.59M	17.9M	12.27M	32.8M	49.74M
FCF Growth %	0.03%	-1.24%	9.65%	1.23%	0.06%	0.48%	0.69%	-0.31%	1.67%	0.52%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.38%	7.33%	8.41%	6.96%	6.11%	3.26%	5.16%	6.36%	9.45%	1.36%
Return on Assets (ROA)	0.58%	0.78%	0.88%	0.84%	0.85%	0.39%	0.56%	0.71%	1.12%	0.17%
Net Interest Margin	0%	0%	0%	0%	3.7%	2.91%	2.84%	3.84%	3.99%	3.05%
Efficiency Ratio	21.24%	15.92%	16.69%	15.01%	55.8%	68.29%	73.8%	65.59%	47.08%	52.99%
Equity / Assets	10.89%	10.5%	10.35%	13.18%	14.46%	10.7%	10.88%	11.4%	12.21%	12.7%
Book Value / Share	8.78	10.26	9.27	13.77	13.96	17.41	16.53	14.28	15.44	20.79
NII Growth	-	-	-	-	-	48.91%	40.19%	36.29%	7.24%	30.64%

Revenue by Segment

	2023	2024
Deposit Account	1.2M	2.11M
Deposit Account Growth	-	75.21%

Frequently Asked Questions

Valuation & Price

Southern California Bancorp (BCAL) has a price-to-earnings (P/E) ratio of 85.6x. This suggests investors expect higher future growth.

Growth & Financials

Southern California Bancorp (BCAL) grew revenue by 45.4% over the past year. This is strong growth.

Yes, Southern California Bancorp (BCAL) is profitable, generating $63.4M in net income for fiscal year 2024 (2.9% net margin).

Dividend & Returns

Southern California Bancorp (BCAL) has a return on equity (ROE) of 1.4%. This is below average, suggesting room for improvement.

Industry Metrics

Southern California Bancorp (BCAL) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.

Southern California Bancorp (BCAL) has an efficiency ratio of 53.0%. This is excellent, indicating strong cost control.

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