PCB Bancorp (PCB) 10-Year Financial Performance & Capital Metrics

PCB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutPCB Bancorp operates as the bank holding company for Pacific City Bank that provides various banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California. The company offers demand, savings, money market, and time deposits, as well as certificates of deposit; and remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts. It also provides real estate loans, including commercial and residential, Small Business Administration (SBA) property, and construction loans; commercial and industrial loans, such as commercial term and lines of credit, SBA commercial term, and SBA Paycheck Protection Program loans; and other consumer loans comprising automobile secured loans and personal loans. In addition, the company offers access to account balances, online transfers, and online bill payment and electronic delivery of customer statements; and mobile banking solutions that include remote check deposit and mobile bill pay. Further, it provides automated teller machines; and banking by telephone, mail, personal appointment, debit cards, direct deposit, and cashier's checks, as well as treasury management, wire transfer, and automated clearing house services. The company operates through a network of 11 full-service branches in Los Angeles and Orange counties, California; and one full-service branch in each of Englewood Cliffs, New Jersey, and Bayside, New York. It also operates 10 loan production offices in Irvine, Artesia, and Los Angeles, California; Annandale, Virginia; Atlanta, Georgia; Chicago, Illinois; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas; and New York, New York. The company was formerly known as Pacific City Financial Corporation and changed its name to PCB Bancorp in July 2019. PCB Bancorp was founded in 2003 and is headquartered in Los Angeles, California.Show more

Net Interest Income $89M +0.1%
Total Revenue $192M +18.6%
Net Income $26M -15.9%
Return on Equity 7.24% -19.3%
Net Interest Margin 2.89% -8.8%
Efficiency Ratio 31.28% -9.7%
ROA 0.88% -25.2%
Equity / Assets 11.87% -5.1%
Book Value per Share 25.37 +4.8%
Tangible BV/Share 24.96 +3.2%
Debt/Equity 0.09 -45.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 31.3% efficiency ratio
✓Well capitalized: 11.9% equity/assets
✓Healthy dividend yield of 3.2%
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.69%

5Y12.86%

3Y24.31%

TTM-

Profit (Net Income) CAGR

10Y8.12%

5Y1.37%

3Y-13.66%

TTM42.77%

EPS CAGR

10Y5.38%

5Y3.15%

3Y-12.75%

TTM41.42%

ROCE

10Y Avg15.75%

5Y Avg12.49%

3Y Avg11.79%

Latest8.62%

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+	37.04M	45.58M	55.17M	65.75M	69.03M	66.19M	77.14M	89.63M	88.5M	88.62M
NII Growth %	0.15%	0.23%	0.21%	0.19%	0.05%	-0.04%	0.17%	0.16%	-0.01%	0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	43.27M	52.59M	65.27M	83.7M	92.94M	79.76M	81.47M	101.75M	151.18M	180.82M
Interest Expense	6.23M	7.01M	10.1M	17.95M	23.91M	13.57M	4.33M	12.12M	62.67M	92.2M
Loan Loss Provision	412K	2.28M	1.83M	1.23M	4.24M	13.22M	-4.6M	3.6M	-132K	3.4M
Non-Interest Income+	12.78M	13.28M	13.89M	10.45M	11.87M	11.74M	18.43M	14.5M	10.68M	11.09M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	56.05M	65.87M	79.16M	94.15M	104.81M	91.5M	99.91M	116.25M	161.86M	191.91M
Revenue Growth %	0.15%	0.18%	0.2%	0.19%	0.11%	-0.13%	0.09%	0.16%	0.39%	0.19%
Non-Interest Expense	28.32M	32.17M	35.9M	40.23M	42.31M	41.7M	43.21M	51.13M	56.06M	60.02M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	21.09M	24.4M	31.34M	34.74M	34.35M	23.01M	56.96M	49.4M	43.26M	36.29M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.03%	0.16%	0.28%	0.11%	-0.01%	-0.33%	1.48%	-0.13%	-0.12%	-0.16%
Pretax Income+	21.09M	24.4M	31.34M	34.74M	34.35M	23.01M	56.96M	49.4M	43.26M	36.29M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	8.9M	10.4M	14.94M	10.44M	10.24M	6.84M	16.86M	14.42M	12.56M	10.48M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	12.19M	14M	16.4M	24.3M	24.11M	16.18M	40.1M	34.99M	30.7M	25.81M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.03%	0.15%	0.17%	0.48%	-0.01%	-0.33%	1.48%	-0.13%	-0.12%	-0.16%
Net Income (Continuing)	12.19M	14M	16.4M	24.3M	24.11M	16.18M	40.1M	34.99M	30.7M	25.81M
EPS (Diluted)+	1.02	1.11	1.21	1.66	1.49	1.04	2.62	2.32	2.12	1.74
EPS Growth %	-0.01%	0.09%	0.09%	0.37%	-0.1%	-0.3%	1.52%	-0.11%	-0.09%	-0.18%
EPS (Basic)	1.03	1.12	1.22	1.69	1.52	1.05	2.66	2.36	2.14	1.75
Diluted Shares Outstanding	11.93M	12.61M	13.54M	14.67M	16.17M	15.45M	15.25M	15.06M	14.42M	14.34M

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+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	76.95M	69.95M	73.66M	162.27M	146.23M	194.1M	203.28M	147.03M	242.34M	198.79M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	939.15M	1.12B	1.33B	1.5B	1.56B	1.68B	1.87B	2.19B	2.44B	2.75B
Investments Growth %	0.17%	0.2%	0.19%	0.12%	0.04%	0.08%	0.11%	0.17%	0.12%	0.13%
Long-Term Investments	854.3M	1.04B	1.2B	1.35B	1.46B	1.56B	1.75B	2.04B	2.3B	2.61B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	7.41M	8.3M	8.97M	11.64M	6.8M	0	0	0	0	5.84M
PP&E (Net)	3.61M	4.56M	4.72M	4.59M	12.75M	11.66M	9.88M	13.27M	24.91M	25.53M
Other Assets	12.33M	14.49M	15.66M	15.1M	13.98M	20.06M	50.33M	63.35M	68.39M	64.69M
Total Current Assets	167.08M	162.81M	213.63M	320.91M	248.93M	323.96M	331.85M	296.37M	395.13M	355.61M
Total Non-Current Assets	875.44M	1.06B	1.23B	1.38B	1.5B	1.6B	1.82B	2.12B	2.39B	2.71B
Total Assets+	1.04B	1.23B	1.44B	1.7B	1.75B	1.92B	2.15B	2.42B	2.79B	3.06B
Asset Growth %	0.17%	0.18%	0.18%	0.18%	0.03%	0.1%	0.12%	0.13%	0.15%	0.1%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%
Accounts Payable	5.04M	7.82M	8.53M	12.98M	10.2M	5.76M	8.87M	11.8M	29.01M	0
Total Debt+	0	0	40M	30M	29.99M	88.45M	17.44M	26.81M	59.14M	33.67M
Net Debt	-76.95M	-69.95M	-33.66M	-132.27M	-116.24M	-105.64M	-185.84M	-120.22M	-183.21M	-165.12M
Long-Term Debt	0	0	40M	30M	20M	80M	10M	20M	39M	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	15M
Other Liabilities	0	0	0	0	0	0	0	0	0	50.7M
Total Current Liabilities	944.48M	1.1B	1.26B	1.46B	1.49B	1.6B	1.88B	2.06B	2.38B	2.63B
Total Non-Current Liabilities	0	1.1B	40M	30M	29.99M	88.45M	17.44M	26.81M	60.01M	69.37M
Total Liabilities	944.48M	1.1B	1.3B	1.49B	1.52B	1.69B	1.89B	2.08B	2.44B	2.7B
Total Equity+	98.04M	127.01M	142.18M	210.3M	226.83M	233.79M	256.29M	335.44M	348.87M	363.81M
Equity Growth %	0.13%	0.3%	0.12%	0.48%	0.08%	0.03%	0.1%	0.31%	0.04%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.13%	0.12%	0.12%	0.14%	0.11%	0.07%	0.16%	0.12%	0.09%	0.07%
Book Value per Share	8.22	10.07	10.50	14.34	14.03	15.13	16.80	22.27	24.20	25.37
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	96.07M	125.09M	125.43M	174.37M	169.22M	164.14M	154.99M	149.63M	142.56M	143.19M
Additional Paid-in Capital	2.36M	2.44M	2.94M	3.3M	0	0	0	0	0	0
Retained Earnings	0	0	15.04M	37.58M	57.67M	67.69M	101.14M	127.18M	146.09M	160.8M
Accumulated OCI	-396K	-531K	-1.22M	-4.95M	-57K	1.96M	154K	-10.51M	-8.92M	-9.32M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	69.14M	69.14M	69.14M

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+	56.84M	40.2M	21.21M	30.68M	30.12M	17.09M	-1.62M	57.27M	63.34M	38.98M
Operating CF Growth %	2.16%	-0.29%	-0.47%	0.45%	-0.02%	-0.43%	-1.09%	36.42%	0.11%	-0.38%
Net Income	12.19M	14M	16.4M	24.3M	24.11M	16.18M	40.1M	34.99M	30.7M	25.81M
Depreciation & Amortization	3.19M	3.08M	3.35M	4.03M	3.92M	3.44M	3.38M	3.73M	4.07M	4.02M
Deferred Taxes	1.46M	39K	1.73M	641K	-2.57M	-3.67M	-1.95M	12.17M	4.1M	-7.98M
Other Non-Cash Items	40.86M	24.23M	-1.53M	-2.03M	5.25M	9.61M	-48.21M	16.85M	10.84M	-1.23M
Working Capital Changes	-1.14M	-1.95M	557K	3.09M	-1.29M	-9.17M	4.6M	-11.02M	13.14M	17.87M
Cash from Investing+	-183.35M	-213.95M	-215.51M	-168.12M	-61.9M	-132.82M	-175.22M	-356.67M	-275.27M	-311.74M
Purchase of Investments	-52.38M	-23.01M	-72.97M	-44.04M	-14.11M	-39.38M	-47.31M	-57.36M	-17.27M	-24.48M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-140.52M	-212.8M	-162.29M	-147.6M	-114.44M	-130.14M	-168.56M	-317.05M	-274.55M	-302.94M
Cash from Financing+	135.92M	166.76M	198M	226.05M	15.74M	163.6M	186.03M	243.14M	307.24M	229.2M
Dividends Paid	-882K	-1.38M	-1.61M	-1.76M	-3.96M	-6.15M	-6.66M	-8.95M	-9.91M	-11.04M
Share Repurchases	0	0	0	0	-6.48M	-6.49M	-10.88M	-6.73M	-8.83M	-222K
Stock Issued	0	15.19M	134K	45.04M	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	1000K	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	136.8M	152.94M	159.61M	192.77M	36.18M	116.24M	273.56M	179.68M	306.98M	264.47M
Net Change in Cash+	9.41M	-7M	3.71M	88.61M	-16.05M	47.87M	9.19M	-56.25M	95.31M	-43.55M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	67.54M	76.95M	69.95M	73.66M	162.27M	146.23M	194.1M	203.28M	147.03M	242.34M
Cash at End	76.95M	69.95M	73.66M	162.27M	146.23M	194.1M	203.28M	147.03M	242.34M	198.79M
Interest Paid	5.99M	6.87M	9.46M	13.98M	24.13M	17.35M	5.79M	9.73M	47.78M	85.84M
Income Taxes Paid	8.85M	11.58M	12.06M	7.57M	13.38M	10.05M	14.98M	13.98M	4.28M	6.37M
Free Cash Flow+	54.45M	38.22M	19.93M	29.54M	29.41M	15.31M	-2.05M	51.81M	62.03M	34.91M
FCF Growth %	2.14%	-0.3%	-0.48%	0.48%	-0%	-0.48%	-1.13%	26.31%	0.2%	-0.44%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.21%	12.44%	12.19%	13.79%	11.03%	7.02%	16.37%	11.83%	8.97%	7.24%
Return on Assets (ROA)	1.26%	1.23%	1.23%	1.55%	1.4%	0.88%	1.97%	1.53%	1.18%	0.88%
Net Interest Margin	3.55%	3.72%	3.83%	3.87%	3.95%	3.44%	3.59%	3.7%	3.17%	2.89%
Efficiency Ratio	50.53%	48.84%	45.34%	42.72%	40.37%	45.57%	43.25%	43.98%	34.63%	31.28%
Equity / Assets	9.4%	10.35%	9.86%	12.39%	12.99%	12.16%	11.92%	13.86%	12.51%	11.87%
Book Value / Share	8.22	10.07	10.5	14.34	14.03	15.13	16.8	22.27	24.2	25.37
NII Growth	15.31%	23.06%	21.04%	19.17%	5%	-4.12%	16.54%	16.2%	-1.26%	0.13%
Dividend Payout	7.24%	9.86%	9.81%	7.24%	16.43%	38.04%	16.59%	25.57%	32.27%	39.79%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Account Analysis Fees	975K	972K	860K	885K	936K	951K	949K
Account Analysis Fees Growth	-	-0.31%	-11.52%	2.91%	5.76%	1.60%	-0.21%
Non-Sufficient Funds Charges	-	-	-	-	-	-	385K
Non-Sufficient Funds Charges Growth	-	-	-	-	-	-	-
Products And Services, Debit Card Fees	-	-	-	-	-	-	340K
Products And Services, Debit Card Fees Growth	-	-	-	-	-	-	-
Monthly Service Fees	108K	113K	91K	81K	90K	107K	108K
Monthly Service Fees Growth	-	4.63%	-19.47%	-10.99%	11.11%	18.89%	0.93%
Other Deposit Related Fees	91K	95K	77K	64K	79K	89K	103K
Other Deposit Related Fees Growth	-	4.40%	-18.95%	-16.88%	23.44%	12.66%	15.73%
Deposit Account	1.5M	1.54M	1.26M	1.2M	1.33M	1.48M	-
Deposit Account Growth	-	2.93%	-18.65%	-4.86%	10.96%	11.24%	-
Wire Transfer Fees	472K	515K	530K	596K	643K	625K	-
Wire Transfer Fees Growth	-	9.11%	2.91%	12.45%	7.89%	-2.80%	-
Debit Card Fees	221K	272K	252K	306K	335K	339K	-
Debit Card Fees Growth	-	23.08%	-7.35%	21.43%	9.48%	1.19%	-
Non-sufficient Funds Charges	326K	364K	228K	165K	221K	328K	-
Non-sufficient Funds Charges Growth	-	11.66%	-37.36%	-27.63%	33.94%	48.42%	-
Other Service Charges	243K	221K	184K	198K	186K	211K	-
Other Service Charges Growth	-	-9.05%	-16.74%	7.61%	-6.06%	13.44%	-
Gain (Loss) On Sale Of Other Real Estate Owned	3K	-1K	9K	74K	152K	-	-
Gain (Loss) On Sale Of Other Real Estate Owned Growth	-	-133.33%	1000.00%	722.22%	105.41%	-	-

Frequently Asked Questions

Valuation & Price

PCB Bancorp (PCB) has a price-to-earnings (P/E) ratio of 12.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

PCB Bancorp (PCB) grew revenue by 18.6% over the past year. This is strong growth.

Yes, PCB Bancorp (PCB) is profitable, generating $35.2M in net income for fiscal year 2024 (13.4% net margin).

Dividend & Returns

Yes, PCB Bancorp (PCB) pays a dividend with a yield of 3.20%. This makes it attractive for income-focused investors.

PCB Bancorp (PCB) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.

Industry Metrics

PCB Bancorp (PCB) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

PCB Bancorp (PCB) has an efficiency ratio of 31.3%. This is excellent, indicating strong cost control.

US Stock Screener

...