Private Bancorp Stock Price, News & Analysis

Private Bancorp of America (OTCQX: PBAM) reported Q3 2025 net income of $9.7M ($1.65 diluted EPS), up 2.6% year-over-year and down versus prior quarter. Key balance sheet moves: core deposits $2.19B (+17.0% YoY, +5.8% QoQ), total deposits $2.27B, and loans HFI $2.08B. Net interest margin was 4.65%; provision for credit losses rose to $1.8M. Investment securities AFS were $199.9M (+41.6% YoY). Tangible book value per share was $44.11 (+19.6% YoY). Nonperforming assets increased to 1.79% of assets.

The company highlighted branch expansion in Montecito and continued focus on relationship banking and disciplined lending.

Private Bancorp of America (OTCQX:PBAM) has announced a significant stock repurchase program approved by its Board of Directors. The company plans to repurchase shares through both privately-negotiated transactions and open market purchases, with a total allocation of up to $5 million.

The program will be executed through a broker-dealer agreement incorporating trading plans compliant with Rules 10b5-1 and 10b-18 of the Securities and Exchange Act of 1934. The repurchase program is set to run through December 31, 2025.

CalPrivate Bank (OTCQX:PBAM) has announced the appointment of Kathy Moe Lonowski to its subsidiary bank's board of directors. Lonowski brings extensive experience from her distinguished career in financial services, notably serving as Regional Director for the FDIC San Francisco Region, where she supervised over 350 financial institutions managing nearly $1 trillion in assets.

The appointment strengthens CalPrivate Bank's leadership with Lonowski's expertise in regulatory compliance, operational risk, digital banking, payment services, commercial real estate, information technology, and anti-money laundering. The strategic addition aligns with the bank's commitment to expansion in digital systems, new technologies, and market growth.

CalPrivate Bank (OTCQX:PBAM) has announced the appointment of Angel Martinez to its Board of Directors. Martinez brings over 45 years of footwear industry experience, notably serving as the former Chairman, CEO, and President of Deckers Brands, parent company of UGG, Hoka, Teva, and Ahnu brands.

Martinez's extensive experience includes his role as Executive Vice President and Chief Marketing Officer at Reebok. He currently serves on the Board of Korn Ferry, a global executive search firm. The appointment aligns with CalPrivate Bank's strategic growth plans, particularly in the Santa Barbara community where Martinez resides.

Private Bancorp of America (OTCQX:PBAM) reported strong Q2 2025 financial results with net income of $10.4 million, or $1.77 per diluted share, representing a 33.5% increase year-over-year. The bank achieved a return on average assets of 1.69% and a return on average tangible common equity of 17.44%.

Key highlights include core deposits growth of 18.8% year-over-year to $2.07 billion, an impressive net interest margin of 4.94%, and a 21.8% year-over-year increase in tangible book value per share to $42.20. The bank maintained strong asset quality with an allowance for loan losses at 1.35% of loans held-for-investment.

The bank continues to expand its footprint with a new Santa Barbara County office opening planned for Q3 2025 and has added 8 new relationship-focused team members. PBAM has received multiple industry recognitions, including ranking among the Top 20 Community Banks in the US for 2025 by American Banker.

CalPrivate Bank (OTCQX:PBAM) has appointed Andrew K Meitzen as their new Executive Vice President and Chief Credit Officer. Meitzen brings significant experience in the banking industry, having worked at both community banks and the Office of the Comptroller of the Currency (OCC), with expertise in lending, credit, and enterprise risk management.

Rick Sowers, President and CEO, highlighted Meitzen's expertise in disciplined credit and deal structuring, as well as his technical acumen in navigating today's economic credit landscape. Meitzen expressed enthusiasm about joining CalPrivate Bank, emphasizing alignment with the bank's core values of Relationships, Solutions, and Trust.

Private Bancorp of America (PBAM) reported strong Q1 2025 financial results with net income of $10.6 million, or $1.80 per diluted share, compared to $10.7 million in the previous quarter and $7.9 million in Q1 2024.

Key highlights include:

• Total deposits reached $2.19 billion, up 2.7% from Q4 2024 and 15.1% year-over-year
• Core deposits increased 27.5% year-over-year to $2.05 billion
• Net interest margin was 4.61%, compared to 4.67% in Q4 2024
• Total cost of deposits decreased to 2.22% from 2.36% in previous quarter
• Loans held-for-investment slightly decreased by 0.3% to $2.08 billion

The bank maintained strong capital ratios with a Tier 1 leverage ratio of 10.35% and total risk-based capital ratio of 13.00%. Asset quality metrics showed criticized and classified loans at 1.96% of total loans, up from 1.18% in the previous quarter.

CalPrivate Bank (OTCQX:PBAM) has announced its expansion into Santa Barbara County with a new office in Montecito. The expansion is led by George Leis, appointed as Executive Vice President & Market President, bringing over 20 years of local banking experience including leadership roles at Santa Barbara Bank and Trust and Montecito Bank and Trust.

The new Upper Village Montecito office will be staffed by an experienced team including Dan Glaeser and Sarah McLelland leading Relationship Management, and Emily Strawn overseeing operations. The expansion aligns with CalPrivate's focus on relationship banking, emphasizing creative, high-touch, and customized solutions for clients.

Private Bancorp of America (PBAM) reported record Q4 2024 net income of $10.7 million ($1.82 per diluted share), up from $9.5 million in Q3 2024 and $7.9 million in Q4 2023. The company achieved a return on average assets of 1.80% and return on average tangible common equity of 19.46%.

Key financial metrics include: loans held-for-investment increased 12.9% YoY to $2.09 billion; total deposits grew 13.8% YoY to $2.13 billion; net interest margin improved to 4.67% in Q4 2024 from 4.44% in Q3. The total cost of deposits decreased to 2.36% from 2.62% in the previous quarter.

For full-year 2024, PBAM reported net income of $35.8 million ($6.15 per diluted share). Credit quality remained strong with total criticized and classified loans at 1.18% of total loans. Tangible book value per share increased 19.7% YoY to $38.40.