New insider activity at PCB Bancorp ( (PCB) ) has taken place on February 21, 2025.
Director Sang Young Lee has made a significant investment in PCB Bancorp, purchasing 5,599 shares valued at $111,149.
Recent Updates on PCB stock
PCB Bancorp recently released its Q4 2024 earnings report, indicating a mixed financial performance with a net income of $6.7 million, a decrease from the previous quarter but an improvement from the year-ago quarter. The company’s full-year net income stood at $25.0 million, down from $30.7 million the previous year. Key highlights include a modest increase in net interest income and a significant rise in loans held-for-investment, reflecting strategic growth in lending. Despite an improved efficiency ratio due to cost-saving measures, the provision for credit losses was notably higher, underscoring an increased focus on managing credit risk amid economic uncertainties. Furthermore, PCB Bancorp announced a quarterly cash dividend of $0.20 per share, reflecting its strong loan growth and maintained efficiency ratios despite challenges from recent wildfires. The management remains optimistic about future growth and profitability, with plans to expand its branch network and enhance operational efficiencies.
More about PCB Bancorp
YTD Price Performance: -0.35%
Average Trading Volume: 27,523
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $287.3M