California BanCorp — Third Quarter 2026 Earnings Summary

California BanCorp reported net income of $14.0 million, or $0.43 per diluted share, for the third quarter of 2026. Total loans increased by 1.7% to $3.16 billion, while total deposits grew by 3.5% to $3.48 billion during the period. The company recorded a provision for credit losses of $3.2 million, driven by $4.6 million in net charge-offs, and maintained capital ratios exceeding the minimums required to be well-capitalized. Additionally, the firm redeemed $35.0 million of subordinated debt and repurchased 209,348 shares of common stock for $4.6 million.