Net interest income rose 4.7% sequentially to $43.4M in 2026Q2, with NIM stable at 1.1% and efficiency ratio improving to 43.0%, though fee income remains minimal at 2.6% of revenue.
California BanCorp (BCAL) annual income statement — 21-year revenue, gross profit & net income history
| 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 |
|---|
| Net Interest Income | 170.86M | 169.09M | 122.98M | 94.14M | 87.79M | 64.41M | 45.95M | 30.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.5M | 2.51M | 2.1M |
| NII Growth % | 15.68% | 37.49% | 30.64% | 7.24% | 36.29% | 40.19% | 48.91% | - | - | - | - | - | - | - | - | - | - | - | -100% | 39.26% | 19.64% | - |
| Net Interest Margin % | 4.24% | 4.19% | 3.05% | 3.99% | 3.84% | 2.84% | 2.91% | 3.7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4.79% | 3.86% | 4.31% |
| Interest Income | 222.09M | 225.98M | 179.8M | 123.52M | 93.58M | 67.77M | 51.81M | 37.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.92M | 3.77M | 3.24M |
| Interest Expense | 51.23M | 56.89M | 56.81M | 29.38M | 5.79M | 3.36M | 5.87M | 6.84M | 104.06K | 2.32K | 8.15K | 55 | 1.9K | 15.72K | 15.71K | 48.61K | 58.86K | 50.31K | 9.7K | 1.42M | 1.26M | 1.14M |
| Loan Loss Provision | -4.08M | -8.82M | 21.69M | 915K | 5.96M | 1.2M | 4.55M | 1M | -104.06K | -2.32K | -8.15K | -55 | -1.9K | -15.72K | -15.71K | -48.61K | -58.86K | -50.31K | -9.7K | 0 | 524K | 255K |
| Non-Interest Income | 9.24M | 11.09M | 4.78M | 3.38M | 4.44M | 3.79M | 2.39M | 1.95M | 31.33M | 21.5M | 18.21M | 15.33M | 12.21M | 9.25M | 9.48M | 10.09M | 7.27M | 5.91M | 5.23M | 796K | 294K | 357.21K |
| Non-Interest Income % | 5.13% | 6.15% | 3.74% | 3.47% | 4.82% | 5.56% | 4.94% | 5.96% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 18.52% | 10.47% | 14.53% |
| Total Net Revenue | 180.1M | 180.18M | 127.76M | 97.52M | 92.23M | 68.2M | 48.33M | 32.81M | 31.33M | 21.5M | 18.21M | 15.33M | 12.21M | 9.25M | 9.48M | 10.09M | 7.27M | 5.91M | 5.23M | 4.3M | 2.81M | 2.46M |
| Revenue Growth % | 4.25% | 41.03% | 31.02% | 5.73% | 35.23% | 41.11% | 47.32% | 4.71% | 45.71% | 18.08% | 18.78% | 25.53% | 31.98% | -2.35% | -6.06% | 38.75% | 23.11% | 12.99% | 21.63% | 53.03% | 14.22% | - |
| Non-Interest Expense | 101.04M | 101.04M | 97.81M | 59.75M | 64.29M | 52.82M | 37.01M | 22.13M | 4.7M | 3.59M | 2.9M | 3.26M | 2.29M | 1.68M | 1.47M | 2.11M | 1.81M | 1.83M | 1.4M | 4.57M | 3.87M | 2.73M |
| Efficiency Ratio | 56.1% | 56.08% | 76.56% | 61.27% | 69.71% | 77.44% | 76.58% | 67.44% | 15.01% | 16.69% | 15.92% | 21.24% | 18.78% | 18.12% | 15.48% | 20.93% | 24.89% | 30.93% | 26.88% | 106.24% | 137.93% | 110.9% |
| Operating Income | 83.14M | 87.96M | 8.26M | 36.86M | 21.98M | 14.19M | 6.77M | 9.68M | 632.26K | 17.91M | 5.17M | 3.46M | 3.15M | 798.07K | 760.28K | 738.31K | -677.7K | -960.48K | -5.61M | -268K | -1.59M | -522.87K |
| Operating Margin % | 46.16% | 48.82% | 6.47% | 37.79% | 23.84% | 20.8% | 14% | 29.51% | 2.02% | 83.31% | 28.39% | 22.55% | 25.81% | 8.62% | 8.02% | 7.32% | -9.32% | -16.26% | -107.43% | -6.24% | -56.59% | -21.27% |
| Operating Income Growth % | - | 964.47% | -77.58% | 67.66% | 54.96% | 109.6% | -30.1% | 1431.5% | -96.47% | 246.5% | 49.55% | 9.66% | 295.04% | 4.97% | 2.97% | 208.94% | 29.44% | 82.89% | -1995% | 83.13% | -203.9% | - |
| Pretax Income | 83.14M | 87.96M | 8.26M | 36.86M | 21.98M | 14.19M | 6.77M | 9.68M | 7.53M | 6.97M | 5.07M | 3.22M | 2.93M | 798.07K | 760.28K | 738.31K | -677.7K | -966.86K | -5.79M | -268K | -1.59M | -522.87K |
| Pretax Margin % | 46.16% | 48.82% | 6.47% | 37.79% | 23.84% | 20.8% | 14% | 29.51% | 24.04% | 32.41% | 27.84% | 21.03% | 23.99% | 8.62% | 8.02% | 7.32% | -9.32% | -16.37% | -110.81% | -6.24% | -56.59% | -21.27% |
| Income Tax | 22.94M | 24.9M | 2.83M | 10.95M | 5.87M | 3.48M | 2.05M | 2.91M | 2.27M | 3M | 2.06M | 1.31M | -1.15M | -447K | -378K | -353.2K | 800 | 800 | 800 | 1K | 1K | 800 |
| Effective Tax Rate % | 27.6% | 28.31% | 34.25% | 29.7% | 26.7% | 24.51% | 30.23% | 30.05% | 30.19% | 43.11% | 40.65% | 40.69% | -39.15% | -56.01% | -49.72% | -47.84% | -0.12% | -0.08% | -0.01% | -0.37% | -0.06% | -0.15% |
| Net Income | 60.2M | 63.06M | 5.43M | 25.91M | 16.11M | 10.71M | 4.72M | 6.77M | 5.26M | 3.96M | 3.01M | 1.91M | 4.07M | 1.23M | 1.14M | 1.06M | -678.5K | -967.66K | -5.79M | -269K | -1.59M | -523.67K |
| Net Margin % | 33.42% | 35% | 4.25% | 26.57% | 17.47% | 15.7% | 9.77% | 20.64% | 16.78% | 18.44% | 16.53% | 12.47% | 33.32% | 13.28% | 12.01% | 10.51% | -9.33% | -16.39% | -110.82% | -6.26% | -56.62% | -21.3% |
| Net Income Growth % | 92.57% | 1060.65% | -79.03% | 60.8% | 50.46% | 126.79% | -30.28% | 28.81% | 32.62% | 31.75% | 57.37% | -53.01% | 231.27% | 7.93% | 7.39% | 256.22% | 29.88% | 83.29% | -2053.16% | 83.08% | -203.63% | - |
| Net Income (Continuing) | 60.2M | 63.06M | 5.43M | 25.91M | 16.11M | 10.71M | 4.72M | 6.77M | 5.26M | 3.96M | 3.01M | 1.91M | 4.08M | 1.25M | 1.14M | 1.09M | -678.5K | -967.66K | -5.79M | -269K | -1.59M | -523.67K |
| EPS (Diluted) | 1.85 | 1.93 | 0.22 | 1.39 | 0.88 | 0.72 | 0.49 | 0.78 | 0.71 | 0.74 | 0.69 | 0.45 | 1.21 | 0.38 | 0.33 | 0.28 | -0.26 | -0.37 | -2.19 | -0.10 | -1.15 | -0.63 |
| EPS Growth % | 111.49% | 777.27% | -84.17% | 57.95% | 22.22% | 46.94% | -37.18% | 9.86% | -4.05% | 7.25% | 53.33% | -62.81% | 218.42% | 15.15% | 17.86% | 207.69% | 29.73% | 83.1% | -2090% | 91.3% | -82.54% | - |
| EPS (Basic) | - | 1.95 | 0.22 | 1.42 | 0.90 | 0.74 | 0.50 | 0.80 | 0.74 | 0.76 | 0.69 | 0.45 | 1.21 | 0.38 | 0.33 | 0.28 | -0.26 | -0.37 | -2.19 | -0.10 | -1.15 | -0.63 |
| Diluted Shares Outstanding | 32.54M | 32.75M | 24.62M | 18.66M | 18.23M | 14.91M | 9.7M | 8.63M | 7.36M | 5.36M | 4.35M | 4.27M | 3.36M | 3.27M | 3.27M | 2.98M | 2.64M | 2.64M | 2.64M | 7M | 1.38M | 836.58K |
Quick answers to the most common questions about buying BCAL stock.
For fiscal year 2025, California BanCorp (BCAL) reported total revenue of $180.2M. This represents a 7228.8% increase compared to $2.5M in 2005.
California BanCorp (BCAL) is profitable, generating $63.1M in net income for the fiscal year ending 2025 with a net profit margin of 26.6%.
California BanCorp (BCAL) reported an operating income of $88.0M, resulting in an operating profit margin of 37.1%. This margin reflects the operational efficiency of the business before interest and taxes.
California BanCorp (BCAL) generated $189.0M in gross profit for the year, representing a gross profit margin of 79.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
California CRE concentration risk
Metrics are mathematically derived from official filings.
Loan Growth Drives NII Expansion
Net interest income rose 4.7% sequentially to $43.4M in 2026Q2, supported by $113.7M loan growth, according to recent quarterly results.
The sequential increase in NII, despite a flat NIM of 1.1%, indicates that balance sheet expansion is the primary growth engine. This suggests the post-merger integration is yielding tangible asset growth, though the sustainability of this trajectory depends on continued loan demand and stable funding costs.
NIM Stability Amid Rate Pressures
Net interest margin held at 1.1% in 2026Q2, unchanged from prior quarter, as reported in financial statements, indicating stable asset yields and funding costs.
The stability in NIM is notable given the competitive deposit environment and potential rate cuts. It suggests that BCAL's high proportion of non-interest-bearing deposits is cushioning funding costs, but investors should monitor whether this stability persists if deposit betas rise.
Efficiency Ratio Improves Sequentially
Efficiency ratio improved to 43.0% in 2026Q2 from 45.6% in 2026Q1, based on reported figures, reflecting better operating leverage.
The improvement in efficiency ratio indicates that revenue growth is outpacing expense growth, likely due to scale benefits from the merger. However, the ratio remains above the peer average, suggesting there is still room for cost optimization, but the trend is positive.
Credit Quality Strengthens Sharply
Nonperforming assets to total assets fell to 0.44% from 0.97%, according to recent disclosures, while provision expense was minimal at $714K in 2026Q2.
The significant reduction in NPAs and low provision expense suggest improving asset quality, which may support forward earnings. However, given the bank's concentration in California CRE, this improvement could reverse if property values decline, warranting close monitoring.
Fee Income Remains Modest
Non-interest income was $1.4M in 2026Q2, representing only 2.6% of total revenue, as per quarterly data, indicating a reliance on interest income.
The low fee income ratio highlights the bank's dependence on net interest income, making it sensitive to rate changes. While fee income from SBA loan sales and service charges provides some diversification, it is not yet a significant earnings driver.
Merger Integration Drives Turnaround
2024Q3 marked a turning point with a net loss of $16.5M, but subsequent quarters show strong recovery, with 2026Q2 EPS of $0.44, based on reported results.
The sharp swing from a loss to consistent profitability reflects successful merger integration and cost synergies. The 28.44% YoY revenue growth indicates that the combined entity is gaining traction, but the sustainability of this momentum depends on maintaining credit quality and managing integration risks.
CRE Exposure Could Undermine Gains
Despite improved credit metrics, BCAL's heavy concentration in California office and retail CRE poses a risk, as per recent context flags, which could lead to higher provisions.
The recent NPA improvement may be a one-quarter artifact, and the bank's regional concentration leaves it vulnerable to a downturn in property values. If CRE stress materializes, provision expenses could spike, eroding the earnings momentum seen in recent quarters.