CALB - Earnings announcements

OAKLAND, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB) (the "Company"), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and six months ended June 30, 2024. The Company reported a net loss of $5.9 million for the second quarter of 2024, representing a decrease of $9.7 million, or 254%, compared to net income of $3.8 million for the first quarter of 2024 and a decrease of $11.3 million, or 208%, compared to $5.4 million in the second quarter of 2023. For the six months ended June 30, 2024, the Company reported a net loss of $2.0 million representing a decrease of $12.9 million, or 119%, compared to ne

OAKLAND, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB) (the "Company"), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ended March 31, 2024. The Company reported net income of $3.8 million for the first quarter of 2024, representing a decrease of $1.5 million, or 29%, compared to $5.3 million for the fourth quarter of 2023 and a decrease of $1.6 million, or 30%, compared to $5.4 million in the first quarter of 2023. Excluding the impact of merger related expenses pertaining to the pending transaction with Southern California Bancorp, the Company's net income for the first quarter of 2024 was $4.8 m

OAKLAND, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB) (the "Company"), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and twelve months ended December 31, 2023. The Company reported net income of $5.3 million for the fourth quarter of 2023, compared to $5.4 million for the third quarter of 2023 and $7.7 million for the fourth quarter of 2022. For the twelve months ended December 31, 2023, net income was $21.6 million, representing an increase of $525,000, or 2%, compared to $21.1 million for the same period in 2022. Diluted earnings per share were $0.63 for the fourth quarter of 2023, compared to

OAKLAND, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the third quarter and nine months ended September 30, 2023. The Company reported net income of $5.4 million for both the third and second quarters of 2023, compared to $5.5 million for the third quarter of 2022. For the nine months ended September 30, 2023, net income was $16.3 million, representing an increase of $2.9 million, or 21%, compared to $13.4 million for the same period in 2022. Diluted earnings per share were $0.64 for the third quarter of 2023, compared to $0.65 for the second quarter o

OAKLAND, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and six months ended June 30, 2023. The Company reported net income of $5.4 million for the second quarter of 2023, representing a decrease of $11,000, or 0%, compared to $5.5 million for the first quarter of 2023 and an increase of $1.2 million, or 28%, compared to $4.2 million in the second quarter of 2022. For the six months ended June 30, 2023, net income was $10.9 million representing an increase of $3.0 million, or 38%, compared to $7.9 million for the same period in 2022.     Diluted earni

OAKLAND, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ended March 31, 2023. The Company reported net income of $5.5 million for the first quarter of 2023, representing a decrease of $2.2 million, or 29%, compared to $7.7 million for the fourth quarter of 2022 and an increase of $1.8 million, or 48%, compared to $3.7 million in the first quarter of 2022.     Diluted earnings per share of $0.64 for the first quarter of 2023 compared to $0.91 for the fourth quarter of 2022 and $0.44 for the first quarter of 2022.   "Despite the more challenging operat

OAKLAND, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and twelve months ended December 31, 2022. The Company reported net income of $7.7 million for the fourth quarter of 2022, representing an increase of $2.2 million, or 39%, compared to $5.5 million for the third quarter of 2022 and an increase of $4.5 million, or 141%, compared to $3.2 million in the fourth quarter of 2021. For the twelve months ended December 31, 2022, net income was $21.1 million, representing an increase of $7.7 million, or 58%, compared to $13.4 million for the same period in

OAKLAND, Calif., Oct. 27, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the third quarter and nine months ended September 30, 2022. The Company reported net income of $5.5 million for the third quarter of 2022, representing an increase of $1.3 million, or 30%, compared to $4.2 million for the second quarter of 2022 and an increase of $2.3 million, or 72%, compared to $3.2 million in the third quarter of 2021. For the nine months ended September 30, 2022, net income was $13.4 million, representing an increase of $3.2 million, or 32%, compared to $10.2 million for the same period in 2021.

OAKLAND, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and six months ended June 30, 2022. The Company reported net income of $4.2 million for the second quarter of 2022, representing an increase of $571,000, or 16%, compared to $3.7 million for the first quarter of 2022 and an increase of $82,000, or 2%, compared to $4.2 million in the second quarter of 2021. For the six months ended June 30, 2022, net income was $7.9 million representing an increase of $946,000, or 14%, compared to $7.0 million for the same period in 2021.     D

OAKLAND, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ended March 31, 2022. The Company reported net income of $3.7 million for the first quarter of 2022, representing an increase of $492,000, or 15%, compared to $3.2 million for the fourth quarter of 2021 and an increase of $864,000, or 31%, compared to $2.8 million in the first quarter of 2021. Diluted per share earnings of $0.44 for the first quarter of 2022 compared to $0.38 for the fourth quarter of 2021 and $0.34 for the first quarter of 2021. "We continued to execute well o

OAKLAND, Calif., Jan. 27, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and twelve months ended December 31, 2021. The Company reported net income of $3.2 million for the fourth quarter of 2021, which was consistent with the third quarter of 2021 and represented an increase of $1.4 million, or 78%, compared to $1.8 million for the fourth quarter of 2020. For the twelve months ended December 31, 2021, net income was $13.4 million which represented an increase of $9.1 million, or 211%, compared to $4.3 million for the same period in 2020.

OAKLAND, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the third quarter and nine months ended September 30, 2021. The Company reported net income of $3.2 million for the third quarter of 2021, representing a decrease of $946,000, or 23%, compared to $4.2 million for the second quarter of 2021 and an increase of $2.7 million, or 550%, compared to $495,000 in the third quarter of 2020. For the nine months ended September 30, 2021, net income was $10.2 million which represented an increase of $7.7 million, or 305%, compared to $2.5 million for the same period in 2020. Di

OAKLAND, Calif., July 29, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and six months ended June 30, 2021. The Company reported net income of $4.2 million for the second quarter of 2021, representing an increase of $1.4 million, or 48%, compared to $2.8 million for the first quarter of 2021 and an increase of $2.6 million, or 169%, compared to $1.6 million in the second quarter of 2020. For the six months ended June 30, 2021, net income was $7.0 million representing an increase of $5.0 million, or 245%, compared to $2.0 million for the same period in 2020. Diluted p

OAKLAND, Calif., April 30, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ:CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ended March 31, 2021. The Company reported net income of $2.8 million for the first quarter of 2021, representing an increase of $1.0 million, or 57%, compared to $1.8 million for the fourth quarter of 2020 and an increase of $2.3 million, or 494%, compared to $473,000 in the first quarter of 2020. Diluted per share earnings of $0.34 for the first quarter of 2021 compared to $0.22 for the fourth quarter of 2020 and $0.06 for the first quarter of 2020. "We delivered a record quarter of earnings i

OAKLAND, Calif., Jan. 28, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and twelve months ended December 31, 2020. The Company reported net income of $1.8 million for the fourth quarter of 2020, representing an increase of $1.3 million or 261% compared to $495,000 for the third quarter of 2020 and an increase of $1.2 million or 209% compared to $578,000 in the fourth quarter of 2019. For the twelve months ended December 31, 2020, net income was $4.3 million representing a decrease of $2.7 million or 39% compared to $7.0 million for the same period in 2019.