# PCB Bancorp (PCB)

> Source: Nexqual · https://nexqual.com/PCB · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, PCB Bancorp (PCB), nexqual.com/PCB" · informational, not investment advice.

**Price:** USD 29.1 (+0.45% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 28.97 · day 28.97–29.73 · 52w 20.78–30.84 · market cap $409M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $120M, net income $41.8M (34.7% margin) (SEC filings).
- Valuation: P/E 9.8x (avg 9.4x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (3 analysts), mean target USD 30.5 (range 30–31).
- Total return with dividends: 1Y +43.2% vs S&P 500 +14.8%; 5Y +64.5% vs S&P 500 +79.1%.
- Next earnings: 2026-11-03 (date not yet confirmed by the company), EPS estimate USD 0.73, revenue estimate $31.9M. All companies reporting that day: https://nexqual.com/earnings/2026-11-03
- Dividend: USD 0.88 a year (yield 3.04%), paid quarterly; latest ex-dividend date 2026-08-07; annual dividends grew 10.1% a year 2022–2025.
- Short interest: 2.32% of float (as of 2026-10-15), 5.4 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $95.6M | $104M | $99.2M | $99.7M | $116M | $120M |
| Net income | $40.1M | $35.0M | $30.7M | $25.8M | $37.5M | $41.8M |
| EPS (diluted) | $2.62 | $2.31 | $2.12 | $1.74 | $2.58 | — |
| Free cash flow | -$2.0M | $51.8M | $62.0M | $34.9M | $24.4M | $40.9M |
| Net margin | 42.0% | 33.6% | 31.0% | 25.9% | 32.4% | 34.7% |
| Revenue growth | +22.6% | +9.0% | -4.7% | +0.5% | +16.1% | — |
| Cash + short-term investments | $203M | $147M | $242M | $199M | $207M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 9.8x · P/S 3.4x · P/FCF 10.0x · P/B 1.0x · FCF yield 10.00% · Earnings yield 10.23% · Dividend yield (paid, TTM) 2.93% · Buyback yield (TTM) 2.00%
P/E at fiscal year-ends: Dec 2025 8.3x, Dec 2024 11.2x, Dec 2023 8.7x.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 3 analysts; mean target USD 30.5 (low 30, high 31).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-27 | Keefe, Bruyette & Woods | Target raised | Market Perform | $29 → $29.5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +43.2% | +64.5% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +43.5% | +10.4% |
| Volatility (annualized) | 23.0% | 26.4% |
| Max drawdown | -10.6% (Jul 2026→Sep 2026) | -44.9% (Jan 2022→Apr 2023) |

## Dividends
Annual dividend rate USD 0.88 per share, yield 3.04% at the current price. Paid over the last 12 months: USD 0.86 in 4 payments (quarterly).
Most recent ex-dividend date: Aug 7, 2026; payment date: Aug 14, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: raised 10.0% to USD 0.22 per payment from USD 0.20, starting with the Feb 13, 2026 ex-dividend date.
Payout ratio 29% of earnings · 5-year average yield 3.35% · annual dividends grew 10.1% a year from 2022 to 2025.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-08-07 | USD 0.22 |
| 2026-05-08 | USD 0.22 |
| 2026-02-13 | USD 0.22 |
| 2025-11-07 | USD 0.20 |
| 2025-08-08 | USD 0.20 |
| 2025-05-09 | USD 0.20 |
| 2025-02-14 | USD 0.20 |
| 2024-11-08 | USD 0.18 |
Total by calendar year: 2022 USD 0.60 · 2023 USD 0.69 · 2024 USD 0.72 · 2025 USD 0.80.

## Short interest
239,831 shares sold short, 2.32% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 272,611 shares (-12.0%). Days to cover: 5.4 (short shares ÷ average daily volume).

## Peers (Banks - Regional)
FITB (Fifth Third Bancorp) USD 54.44 +1.81% · NU (Nu Holdings Ltd.) USD 12.05 +0.67% · TFC (Truist Financial Corporation) USD 49.32 +1.86% · DB (Deutsche Bank AG) USD 34.86 +4.03% · NWG (NatWest Group plc) USD 17 -1.33% · LYG (Lloyds Banking Group Plc) USD 5.25 -4.55%

## More
Full page: https://nexqual.com/PCB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Total service charges and fees on deposits | $450,000 | 55.6% | +20.0% |
| — Account analysis fees (part of Total service charges and fees on deposits) | $282,000 | 34.8% | +25.3% |
| — Non-sufficient funds charges (part of Total service charges and fees on deposits) | $114,000 | 14.1% | +20.0% |
| — Monthly service fees (part of Total service charges and fees on deposits) | $29,000 | 3.6% | -3.3% |
| — Other deposit related fees (part of Total service charges and fees on deposits) | $25,000 | 3.1% | +0.0% |
| Wire transfer fees | $181,000 | 22.3% | +4.6% |
| Debit card fees | $109,000 | 13.5% | -6.8% |
| Other service charges | $70,000 | 8.6% | +22.8% |
| Total revenue | $810,000 | 100% | — |

## Company outlook (8-K filed 2026-10-29)

- "During the current year, the Company invested $8.0 million in qualified affordable housing projects."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.73 | $0.73 | +0.0% | $31.9M | 3 |
| Next quarter (ends 2026-12-31) | $0.73 | $0.74 | -0.9% | $32.2M | 2 |
| Current fiscal year (ends 2026-12-31) | $2.97 | $2.91 | +2.1% | $125.0M | 3 |
| Next fiscal year (ends 2027-12-31) | $3.04 | $3.07 | -1.0% | $133.7M | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-01-15 (includes earnings 2026-11-03): ±17.5%; last 8 reports averaged ±2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2027-01-15 | 78 | 45.7% | ±17.5% |
| 2027-04-16 | 169 | 27.4% | ±15.4% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Jul 23, 2026 | Quarter ended Jun 30, 2026 | $0.73 | $0.70 | Beat +4.3% | -3.5% |
| Apr 23, 2026 | Quarter ended Mar 31, 2026 | $0.74 | $0.66 | Beat +12.1% | -0.2% |
| Jan 29, 2026 | Quarter ended Dec 31, 2025 | $0.64 | $0.60 | Beat +6.7% | +4.2% |
| Oct 23, 2025 | Quarter ended Sep 30, 2025 | $0.79 | $0.60 | Beat +31.7% | +4.7% |
| Jul 24, 2025 | — | — | — | — | -0.5% |
| Apr 24, 2025 | — | — | — | — | -0.2% |
| Jan 30, 2025 | — | — | — | — | +1.6% |
| Oct 24, 2024 | — | — | — | — | +1.0% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-29 | 8-K | Quarterly results; Regulation FD disclosure; Other material event — “Common Stock Dividend On October 29, 2026, the Company issued a press release announcing that on October 28, 2026, its Board of Directors declared a quarterly cash dividend of $0.22 per common share. The dividend will be paid on or about November 20, 2026, to shareholders of record as of the close of business on November 13, 2026. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.” | https://www.sec.gov/Archives/edgar/data/1423869/000142386926000033/0001423869-26-000033-index.htm |
| 2026-09-28 | 8-K | Regulation FD disclosure; Other material event — “On September 23, 2026, the Board of Directors of the Company approved a share repurchase program authorizing the Company to repurchase up to 700,000 shares of its common stock. Under the share repurchase program, the Company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The timing, manner, price and amount of any repurchases will be determined at the Company's discretion. Factors include, but are not…” | https://www.sec.gov/Archives/edgar/data/1423869/000142386926000031/0001423869-26-000031-index.htm |
| 2026-09-24 | 8-K | Director or executive officer change, or pay arrangement — “On September 23, 2026, PCB Bancorp, a California corporation (the "Company"), and its wholly owned subsidiary, PCB Bank, a California state-chartered bank (the "Bank" and together with the Company, the "Employer"), entered into an Amended and Restated Employment Agreement (the "Employment Agreement") with Henry H. Kim, the current Chief Executive Officer of the Company and the Bank. The Employment Agreement is effective as of January 1, 2027 (the "Effective Date") and its terms will supersede Mr. Kim's current…” | https://www.sec.gov/Archives/edgar/data/1423869/000142386926000029/0001423869-26-000029-index.htm |
| 2026-08-06 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1423869/000142386926000027/0001423869-26-000027-index.htm |
| 2026-07-24 | 8-K/A | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1423869/000142386926000024/0001423869-26-000024-index.htm |
| 2026-07-23 | 8-K | Quarterly results; Regulation FD disclosure; Other material event — “Common Stock Dividend On July 23, 2026, the Company issued a press release announcing that on July 22, 2026, its Board of Directors declared a quarterly cash dividend of $0.22 per common share. The dividend will be paid on or about August 14, 2026, to shareholders of record as of the close of business on August 7, 2026. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.” | https://www.sec.gov/Archives/edgar/data/1423869/000142386926000022/0001423869-26-000022-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.