Private Bancorp of America posted net income of $13.12 million for the quarter ended June 30, 2026, up 25.54% year over year.
Diluted earnings per share rose 28.25% to $2.27; return on average assets widened to 1.99% from 1.69%.
Net interest income climbed 11.4% to $33.55 million; net interest margin expanded 24 basis points to 5.18%.
Provision for credit losses swung to a $204,000 reversal from a $1.3 million provision, driven by loan payoffs and net recoveries.
Noninterest income fell 42.1% to $1 million, while noninterest expense increased 7.5% to $16.86 million on higher compensation and public-company costs.
PBAM•
