California Bancorp posted Q2 2026 net income of $14.3 million, up 3.69% from Q1; diluted EPS rose 4.25% to $0.44.
Net interest margin widened 24 basis points to 4.71% from Q1; return on average assets improved to 1.43% from 1.36%.
Total loans, including loans held for sale, increased 3.8% to $3.11 billion versus Q1; total deposits slipped to $3.36 billion from $3.39 billion.
Nonperforming loans fell 70.9% to $8.9 million from Q1; nonperforming assets dropped to $17.5 million from $39.2 million.
Provision for credit losses was $714,000 versus a $381,000 reversal in Q1, driven by changes in the California economic outlook and higher substandard balances.
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