Welcome to our dedicated page for California Bancorp news (Ticker: BCAL), a resource for investors and traders seeking the latest updates and insights on California Bancorp stock.
California BanCorp reports developments tied to its role as the bank holding company for California Bank of Commerce, N.A., a national bank serving individuals, professionals, and small to medium-sized businesses in California. News commonly covers consolidated earnings, net interest income, loan and deposit activity, credit quality, and balance-sheet management within its commercial banking franchise.
Company updates also include capital actions such as cash dividends, share repurchases, and subordinated debt repayment, as well as management changes and commercial banking team additions. Recent communications reference the completed 2024 merger and the bank’s broader statewide California footprint as part of its relationship-based business banking model.
California Bancorp (Nasdaq: BCAL) declared a regular quarterly cash dividend of $0.10 per share for common shareholders. The dividend is scheduled to be paid on July 15, 2026 to shareholders of record as of the close of business on June 23, 2026.
California Bancorp (NASDAQ: BCAL) reported net income of $13.8 million, or $0.42 diluted EPS, for Q1 2026. Key metrics: net interest margin 4.47%, reversal of provision for credit losses of $0.381 million, tangible book value per share of $13.97, and repurchased 409,915 shares for $7.4 million. Total assets were $4.05 billion and loans held for investment were $2.97 billion at March 31, 2026.
California Bancorp (Nasdaq: BCAL) declared a regular quarterly cash dividend of $0.10 per share. The Board set a record date of March 24, 2026 and expects payment on April 15, 2026 to holders of common stock.
California BanCorp (NASDAQ: BCAL) reported Q4 2025 net income of $16.4 million ($0.50 diluted) and full-year 2025 net income of $63.1 million ($1.93 diluted). Key metrics: NIM 4.44% Q4, total loans $3.06B, total deposits $3.37B, ACL 1.20% of loans. The board declared a quarterly dividend of $0.10 and repurchased shares under its buyback program.
California BanCorp (Nasdaq: BCAL) announced on January 26, 2026 that California Bank of Commerce hired two veteran commercial bankers to strengthen its Northern California team.
Linda Wang joined the San Jose office as Senior Vice President, Regional Manager, bringing over 30 years of commercial banking experience including senior roles at Wells Fargo and expertise in credit underwriting, risk management, and client retention. Angel Herrera joined the Walnut Creek office as Senior Vice President, Commercial Banking Team Lead, with 16+ years at Wells Fargo and experience serving emerging middle market clients.
Both will report to Chris Barr, Regional Market President – Northern California, supporting the bank's regional expansion strategy.
California BanCorp (Nasdaq: BCAL) announced that Steven Shelton retired as Chief Executive Officer and Director, effective December 31, 2025, and will serve in an advisory role through December 31, 2026. The Company’s Board appointed David Rainer as Chief Executive Officer effective December 31, 2025; Rainer will continue serving as Chairman.
The release notes Shelton’s role in the Company’s 2024 merger and quotes Rainer highlighting the Company’s profitability and ongoing franchise progress.
California Bancorp (Nasdaq: BCAL) announced its first quarterly cash dividend, approving a payment of $0.10 per share. The dividend is payable on January 15, 2026 to shareholders of record as of December 24, 2025. The board described the move as reflecting the company’s strong financial performance and use of dividends to manage a strong capital position.
This is the company’s initial quarterly cash distribution to shareholders and establishes a dated cash payout with specified record and payment dates.
California BanCorp (NASDAQ: BCAL) reported net income of $15.7 million or $0.48 diluted EPS for Q3 2025, up from $14.1 million in Q2 2025 and a loss of $16.5 million in Q3 2024. Key metrics included a net interest margin of 4.52%, total assets of $4.10 billion, total deposits of $3.46 billion (up $147.4 million, +4.4% QoQ), and tangible book value per share of $13.39 (up $0.57 QoQ).
The company repurchased 89,500 shares for $1.4 million, redeemed $20.0 million of subordinated notes, recorded a reversal of provision for credit losses of $15 thousand, and reduced nonperforming assets to 0.38% of total assets at September 30, 2025.
California BanCorp (NASDAQ: BCAL) reported Q2 2025 net income of $14.1 million ($0.43 per diluted share), compared to $16.9 million in Q1 2025 and $190,000 in Q2 2024. The bank's net interest margin was 4.61%, slightly down from 4.65% in the previous quarter.
Key highlights include a reduction in non-performing assets to 0.46% from 0.68%, successful elimination of brokered deposits, and redemption of $18.0 million in subordinated notes. Total assets stood at $3.95 billion, with total loans of $3.00 billion and deposits of $3.31 billion. The bank maintained strong capital ratios and recorded a $634,000 reversal of credit losses.
The efficiency ratio was 56.1%, and the return on average assets was 1.45%. The bank continues to focus on organic growth through its relationship-based business banking franchise across California markets.
California Bancorp (NASDAQ: BCAL) has announced two significant capital management decisions. First, the company has expanded its share repurchase program from 550,000 to 1.6 million shares, representing approximately 4.9% of outstanding common stock. The program, initially announced on June 15, 2023, has not yet been utilized. Second, the company plans to redeem $18 million of 5.50% Fixed-to-Floating Subordinated Notes due 2030, which were issued on May 28, 2020.
According to Executive Chairman David Rainer, these moves reflect the board's confidence in their relationship-based banking strategy and commitment to shareholder value. The company's strong balance sheet and capital position will support both initiatives. Share repurchases will be funded through working capital and operating cash flow, with timing and volume dependent on market conditions.