PCB Bancorp reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with net income available to common shareholders rising to $37.2 million, a 48.8% increase from $25.0 million in 2024. This growth was driven by a 17.2% increase in net interest income, which reached $103.9 million, and a 6.7% rise in noninterest income, totaling $11.8 million. The company's diluted earnings per share also improved to $2.58, up from $1.74 in the previous year. Total assets increased by 7.1% to $3.28 billion, while total deposits rose by 6.9% to $2.80 billion.
Compared to the previous fiscal period, PCB Bancorp's loan portfolio saw a notable increase, with loans held-for-investment growing by 7.3% to $2.82 billion. The composition of the loan portfolio remained largely stable, with commercial real estate loans accounting for 67.5% of total loans. The allowance for credit losses on loans increased to $33.4 million, reflecting the company's proactive approach to managing credit risk amid changing economic conditions. The company’s nonperforming loans also rose to $7.9 million, representing 0.28% of the total loans held-for-investment.
Strategically, PCB Bancorp has focused on expanding its branch network and enhancing its product offerings. As of December 31, 2025, the bank operated 15 full-service branches across California, New York, New Jersey, Texas, and Georgia. The company has also been active in repurchasing its common stock, retiring 358,251 shares during the year, and increasing its quarterly dividend to $0.80 per share, reflecting a commitment to returning value to shareholders.
Operationally, PCB Bancorp reported a total employee headcount of 262 full-time employees, with a focus on maintaining a strong workforce to support its community banking model. The company has emphasized its commitment to serving the Korean-American community, which remains a core demographic for its lending and deposit services. The bank's strategic initiatives, including its participation in the Emergency Capital Investment Program, aim to enhance its lending capabilities to underserved communities.
Looking ahead, PCB Bancorp expressed optimism about its growth trajectory, although it acknowledged potential challenges related to economic conditions, interest rate fluctuations, and regulatory changes. The company remains focused on managing its credit risk effectively and maintaining strong capital ratios, with common tier 1 capital at 11.46% and total capital at 15.13% as of December 31, 2025, both exceeding regulatory requirements. The management's outlook suggests a cautious yet positive approach to navigating the evolving financial landscape.
About PCB BANCORP
PCB Bancorp is a bank holding company for PCB Bank, a California state-chartered commercial bank. It offers a range of lending products, including commercial real estate, C&I, and consumer loans, primarily serving small and middle-market businesses and individuals. The company focuses on community-based banking, deposit services, and investment management, operating across multiple U.S. regions with a conservative risk management approach.
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