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California BanCorp operates as the bank holding company for California Bank of Commerce, N.A. that provides various financial products to individuals, professionals, and small- to medium-sized businesses in California, the United States. The company offers checking, savings, and money market accounts; and certificates of deposit. It also provides business loans, including construction and land development loans, commercial and industrial loans, small business administration loans, and consumer loans, as well as commercial real estate (CRE) loans comprising one- to four-family and multifamily residential loans, owner-occupied CRE loans, and non-owner-occupied CRE loans; lines of credit; home equity lines of credit; and letters of credit. In addition, the company offers treasury management; merchant services; escrow and sub-accounting solutions; cash vault, sweep accounts, and remote deposit capture services; online and mobile banking services; and ACH origination, courier, and lockbox processing services. It serves businesses, business owners and their trusts, limited liability corporations, business partnerships, associations, organizations, and governmental authorities, as well as the manufacturing, wholesale distribution, professional services, commercial real estate, healthcare, hospitality, commercial contractor, and non-profit organization sectors. The company was formerly known as Southern California Bancorp and changed its name to California BanCorp in August 2024. California BanCorp was founded in 2001 and is headquartered in San Diego, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $180M | - | $63M | $57M | 10.9% | 41.0% | 1060.6% |
| 2024 | $128M | - | $5M | $50M | 1.1% | 31.0% | -79.0% |
| 2023 | $98M | - | $26M | $33M | 9.0% | 5.7% | 60.8% |
| 2022 | $92M | - | $16M | $12M | 6.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 92.23 | 97.52 | 127.76 | 180.18 |
| Pretax Income | 21.98 | 36.86 | 8.26 | 87.96 |
| Tax Provision | 5.87 | 10.95 | 2.83 | 24.90 |
| Net Income | 16.11 | 25.91 | 5.43 | 63.06 |
| Net Income Common Stockholders | 16.11 | 25.91 | 5.43 | 63.06 |
| Interest Expense | 5.79 | 29.38 | 56.81 | 56.89 |
| Interest Income | 93.58 | 123.52 | 179.80 | 225.98 |
| Selling General And Administration | 38.02 | 40.10 | 51.26 | 63.75 |
| Normalized Income | 21.59 | 25.91 | 16.16 | 64.52 |
| Basic EPS | 0.90 | 1.42 | 0.22 | 1.95 |
| Diluted EPS | 0.88 | 1.39 | 0.22 | 1.93 |
| Tax Effect Of Unusual Items | -1.99 | 0 | -5.58 | -0.58 |
| Tax Rate For Calcs | 0.27 | 0.30 | 0.34 | 0.28 |
| Total Unusual Items | -7.47 | 0 | -16.31 | -2.04 |
| Total Unusual Items Excluding Goodwill | -7.47 | 0 | -16.31 | -2.04 |
| Net Income From Continuing Operation Net Minority Interest | 16.11 | 25.91 | 5.43 | 63.06 |
| Reconciled Depreciation | 2 | 1.92 | 3.64 | 5.62 |
| Net Interest Income | 87.79 | 94.14 | 122.98 | 169.09 |
| Net Income From Continuing And Discontinued Operation | 16.11 | 25.91 | 5.43 | 63.06 |
| Diluted Average Shares | 18.23 | 18.66 | 24.70 | 32.75 |
| Basic Average Shares | 17.82 | 18.25 | 24.70 | 32.39 |
| Diluted NI Availto Com Stockholders | 16.11 | 25.91 | 5.43 | 63.06 |
| Net Income Including Noncontrolling Interests | 16.11 | 25.91 | 5.43 | 63.06 |
| Net Income Continuous Operations | 16.11 | 25.91 | 5.43 | 63.06 |
| Special Income Charges | -7.47 | 0 | -16.31 | -2.04 |
| Gain On Sale Of Business | 0 | 0 | 0 | 0 |
| Other Special Charges | 6.29 | 0 | 0.02 | 2.04 |
| Restructuring And Mergern Acquisition | 1.18 | 0 | 16.29 | 0 |
| Gain On Sale Of Security | -0.99 | -0.97 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 0.44 | 0.39 | 1.88 | 3.79 |
| Depreciation And Amortization In Income Statement | 0.44 | 0.39 | 1.88 | 3.79 |
| Amortization | 0.44 | 0.39 | 1.88 | 3.79 |
| Amortization Of Intangibles Income Statement | 0.44 | 0.39 | 1.88 | 3.79 |
| Selling And Marketing Expense | 0 | 0 | 0 | 0 |
| General And Administrative Expense | 38.02 | 40.10 | 51.26 | 63.75 |
| Salaries And Wages | 38.02 | 40.10 | 51.26 | 63.75 |
| Operating Revenue | 92.23 | 97.52 | 127.76 | 180.18 |
| Occupancy And Equipment | 6.21 | 6.23 | 7.24 | 8.60 |
| Professional Expense And Contract Services Expense | 2.60 | 3.21 | 2.56 | 3.65 |
| Other Non Interest Expense | 9.56 | 9.82 | 18.57 | 19.22 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| California BanCorpthis co. | BCAL | $598M | 10.16↓ discount | 1.05 | 10.9% | - |
| Third Coast Bancshares, Inc. | TCBX | $617M | 9.58 | 0.95 | 12.5% | - |
| Red River Bancshares, Inc. | RRBI | $614M | 14.63 | 1.68 | 11.7% | - |
| Greenlight Capital Re, Ltd. | GLRE | $609M | 8.38 | 0.87 | 10.6% | 6.88 |
| Northpointe Bancshares, Inc. | NPB | $600M |
| 7.76 |
| 1.05 |
| 14.7% |
| - |
| Arrow Financial Corporation | AROW | $596M | 13.61 | 1.37 | 10.2% | - |
| Washington Trust Bancorp, Inc. | WASH | $591M | 11.32 | 1.09 | 9.6% | - |
| Northfield Bancorp, Inc. | NFBK | $582M | 107.23 | 0.84 | 0.1% | - |
| AMERISAFE, Inc. | AMSF | $577M | 12.04 | 2.26 | 18.7% | - |
| Peer Median | - | 11.68 | 1.07 | 11.1% | 6.88 | |