California Bancorp Q2 FY26 net income rises 3.7% to $14.3 million; net interest margin widens 24 percentage points to 4.71%

• California Bancorp posted Q2 2026 net income of $14.3 million, or $0.44 per diluted share, up 3.69% from Q1 2026.
• Net interest margin widened 24 basis points from Q1 2026 to 4.71%, while the provision for credit losses was $714,000 versus a $381,000 reversal.
• Total loans, including loans held for sale, rose 3.8% from Q1 2026 to $3.11 billion; total assets edged down 0.6% to $4.03 billion.
• Nonperforming loans fell 70.9% from Q1 2026 to $8.9 million, cutting nonperforming assets to total assets to 0.44% from 0.97%.
• The board lifted the quarterly dividend by $0.02 to $0.12 per share, payable Oct. 15, 2026, and plans to redeem $35 million of 3.50% subordinated debt in Q3 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Bancorp published the original content used to generate this news brief on July 24, 2026, and is solely responsible for the information contained therein.