Net interest income reached $44.1M in 2026Q3 with a 1.1% margin, yet EPS of $0.43 fell 10.4% year over year and the efficiency ratio rose to 53.0% from 51.7% a year earlier, indicating cost growth has not fully tracked 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 | 172.49M | 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 % | 4.43% | 37.49% | 30.64% | 7.24% | 36.29% | 40.19% | 48.91% | - | - | - | - | - | - | - | - | - | - | - | -100% | 39.26% | 19.64% | - |
| Net Interest Margin % | 4.2% | 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 | 221.2M | 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 | 48.71M | 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 | -850K | -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 | 8.47M | 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 % | 4.68% | 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 | 180.96M | 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 % | 0.63% | 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 | 102.06M | 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 | 56.4% | 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 | 79.75M | 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 % | 44.07% | 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 | 79.75M | 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 % | 44.07% | 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 | 21.22M | 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 % | 26.61% | 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 | 58.53M | 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 % | 32.34% | 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 % | -7.69% | 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) | 58.53M | 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) | 1.81 | 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 % | -7.73% | 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 | 32.38M | 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 35.0%.
California BanCorp (BCAL) reported an operating income of $88.0M, resulting in an operating profit margin of 48.8%. 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 104.9%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Commercial real estate credit concentration
Metrics are mathematically derived from official filings.
NII Plateauing After Acquisition-Driven Surge
Based on reported figures, BCAL's net interest income reached $44.1M in 2026Q3, up 3.8% year over year, following a sharp expansion through 2025 that appears largely tied to acquisition-driven balance sheet growth rather than sustained organic momentum.
The recent quarter-over-quarter NII growth of roughly 1.6% suggests the earlier rapid expansion has moderated and that further gains may depend on loan volume growth outpacing deposit repricing costs. Because the data does not isolate rate cycle effects from balance sheet growth, the relative contribution of each driver cannot be cleanly separated. Investors should monitor whether NII stabilizes as deposit betas rise.
Net Interest Margin Holding Near One Percent
As reported in financial statements, BCAL's net interest margin of 1.1% in 2026Q3 sits well below the 1.1-1.2% range implied across the peer set, suggesting limited pricing power on its asset yields relative to funding costs.
A margin near 1.1% leaves little cushion against deposit cost pressure, and the stability across recent quarters indicates the bank has so far offset repricing headwinds without visible compression. Peer data is limited to aggregate margins, so the comparison should be treated as directional. Sustained margin stagnation would warrant closer scrutiny of the non-interest-bearing deposit mix.
Efficiency Ratio Deteriorating Despite Scale
According to recent SEC filings, BCAL's efficiency ratio climbed to 53.0% in 2026Q3, down from the 98.9% distortion in 2024Q3 but still elevated versus the 51.7% recorded a year earlier, indicating cost growth has not fully tracked revenue.
The recent efficiency ratio range of roughly 53% to 58% suggests that operating expenses are absorbing a meaningful share of revenue despite a larger asset base. This may reflect integration costs or the fixed-cost nature of relationship banking, though the data does not isolate these causes. Operating leverage appears neutral at best until the ratio shows a sustained downward trend.
Provisions Reversing Into Modest Expense
Based on BCAL's reported figures, provision expense swung from a $15.0K benefit in 2025Q3 to a $3.2M charge in 2026Q3, a reversal that may signal a shift in credit cost assumptions rather than a one-off adjustment.
The move from negative provisions in prior periods to a $3.2M charge in the latest quarter, paired with the reported EPS miss, suggests that credit cost normalization is now contributing to earnings pressure. Given California commercial real estate concentration, this provision trajectory warrants further investigation through the full filing. Investors should monitor nonperforming asset trends for confirmation.
Earnings Momentum Not Yet Consistent
Based on reported figures, the 2026Q3 EPS of $0.43 missed the $0.46 consensus and declined 10.4% year over year, which may challenge the thesis that recent acquisitions have established durable earnings power.
Diluted EPS has oscillated between roughly $0.42 and $0.52 over the last ten quarters, with the 2024Q3 loss distorting the longer trend, suggesting earnings remain sensitive to provision and integration timing. The absence of explicit forward guidance reduces visibility into whether the shortfall is transitory. A bear case would hold that the revenue growth reflects acquired balances rather than organic profitability improvement.