PCB Bancorp Declares $0.22 Quarterly Dividend
PCB Bancorp, a Los Angeles-based bank holding company, announced a quarterly cash dividend of $0.22 per common share. The dividend is payable May 15, 2026, to shareholders of record as of May 8, 2026.
PCB Bancorp (NASDAQ: PCB), the holding company for PCB Bank, declared a quarterly cash dividend of $0.22 per common share on April 22, 2026. The board's decision came as the company reported first-quarter earnings that showed net income available to common shareholders of $10.6 million, or $0.74 per diluted share. Read more dividend announcements.
The dividend will be paid on or about May 15, 2026, to shareholders of record as of the close of business on May 8, 2026. PCB Bancorp is a community bank holding company operating in the Southern California market.
| Dividend Details | Information |
|---|---|
| Amount | $0.22 per share |
| Record Date | May 8, 2026 |
| Payment Date | May 15, 2026 |
| Type | Quarterly Cash |
First Quarter 2026 Financial Performance
The dividend announcement accompanied the company's first-quarter earnings release. PCB Bancorp reported net income available to common shareholders of $10.6 million for the quarter ended March 31, 2026, compared with $9.1 million in the fourth quarter of 2025. Diluted earnings per share rose to $0.74 from $0.64 in the prior quarter.
The company's return on average assets stood at 1.30% for the quarter, while return on average equity reached 10.95%. Net interest margin was 3.36%, and the efficiency ratio came in at 49.08%.
Total assets grew to $3.40 billion at quarter-end, up from $3.33 billion at December 31, 2025. Loans held-for-investment increased $53.2 million, or 1.9%, to $2.87 billion during the quarter. Total deposits rose $92.6 million, or 3.3%, to $2.89 billion.
The provision for credit losses for the first quarter was $467,000, down from $1.0 million in the fourth quarter. The allowance for credit losses on loans stood at $33.9 million, representing 1.18% of loans held-for-investment.
Nonperforming assets totaled $9.3 million, or 0.32% of loans held-for-investment, while past due loans were $1.4 million, or 0.05% of total loans. Book value per share was $27.88 at March 31, 2026.
Core deposits represented 63.2% of total deposits, and noninterest-bearing deposits accounted for 19.8% of the deposit base. The company maintained available borrowing capacity of $1.70 billion, or 50.0% of total assets.