Pcb Bancorp · NASDAQ:PCB
Pcb Bancorp — Q2 2025 Earnings Presentation
19 slides from Pcb Bancorp's earnings presentation, Jul 24, 2025
Slide 1: PCB Bancorp Earnings Results 2Q25
PCB BANCORP Earnings Results 2Q25 July 24, 2025
Slide 2: Forward-Looking Statements & Non-GAAP
Forward-Looking Statements & Non-GAAP Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our be
Slide 3: Corporate Profile
Corporate Profile Market Information 7/22/25 PCB Footprint Market Cap $38.4 million Stock Price Per Share $21.51 52-Week Range $16.00 - $22.37 Dividend Yield 3.72% Dividend Payout Ratio (3Q24 – 2Q25) 35.19% Outstanding Shares 14,336,602 Stock Information 2Q25 or 6/30/25 Diluted Earnings Per Share (“
Slide 4: Historical Performance
Historical Performance Cash Dividend/Diluted EPS & BV/TCE Per Share Net Income/PTPP Income ($mm) $25.30 $26.26 $24.46 60.000 $4.50 $22.94 $25.00 50.000 $4.00 $17.24 $3.50 $15.19 $20.00 40.000 $21.44 $3.00 $2.50 $18.21 $19.62 $20.49 $15.00 30.000 $10.00 $52.4 $53.0 $43.1 $2.00 $1.16 $36.2 $40.1 $39.7
Slide 5: 2Q25 Highlights
2Q25 Highlights • Net income available to common shareholders of $9.0 million, or $0.62 per diluted share • Provision for credit losses of $1.8 million Operating Results • Return on Average Assets (“ROAA”) of 1.13%, Return on Average TCE (“ROATCE”)(1) of 11.87%, net interest margin of 3.33%, and eff
Slide 6: Selected Financial
Selected Financial As of or For the Three Months Ended Compared to 3/31/25 Compared to 6/30/24 ($ in Thousands, Except Per Share Data) 6/30/25 3/31/25 6/30/24 Amount Percentage Amount Percentage Income Statement Summary: Interest Income $ 49,308 $ 46,892 $ 44,945 $ 2,416 5.2% $ 4,363 9.7% Interest E
Slide 7: Loan Overview
Loan Overview 2Q25 Highlights HFI Loan Trend ($mm) HFI Loan Composition June 30, 2025 Consumer • HFI loans increased $67.7 million, or 15% 2.5%, to $2.80 billion from 3/31/25 YoY +14.1% Commercial Property • CRE loans increased $71.3 million $2,795 $2,728 Commercial & 36% (3.6%), but C&I loans decre
Slide 8: Loan Production & Rate/Yield Analysis
Loan Production & Rate/Yield Analysis New Production(1) by Rate Type ($mm) HFI Loans Interest Rate Mix HFI Loans Interest Rate Mix Trend June 30, 2025 8.78% 100% 8.40% Variable (WA Rate: 7.53%) 7.95% 7.90% 90% 400 7.56% 44% 39% 40% 41% 7.23% 44% 44% 45% 44% 44% 80% 7.04% 6.97% 8% 70% HFI Loans 60% 3
Slide 9: Loan Concentration
Loan Concentration Commercial Real Estate Loans by Property Type (6/30/25) Commercial Real Estate Loans Carrying % to WA WA Maturing Geographic Concentration (6/30/25) ($ in thousands) Value Total Count LTV(1) Rate <= 1 Year 2-3 Years 3-5 Years > 5 Years Retail (More Than 50%) $ 396,990 21.1% 322 48
Slide 10: Loan Concentration
Loan Concentration Commercial & Industrial Loans by Industry Type (6/30/25) Commercial & Industrial Loans Carrying % to WA WA Month to ($ in thousands) Value Total Rate Maturity Geographic Concentration (6/30/25) Finance & Insurance $ 166,712 33.8% 6.89% 4 General Manufacturing & Wholesale Trade 99,
Slide 11: Credit Quality & Peer Comparison
Credit Quality & Peer(1) Comparison Non-Performing Assets (“NPAs”) ($mm) NPAs to Total Assets NPAs / (Total Loans + OREO)(2) June 30, 2025 10 0% Peer Information: March 31, 2025 9 2% 1.59% 0% 1.33% 8 2% 7 1% 0% 6 1% 1.05% 0.73% 5 0% 1% $8.9 0.26% 0.27% 0.72% 0.69% 4 $7.5 0.23% 0.24% 0.57% $7.1 1% $6
Slide 12: Deposits
Deposits Deposit Trend ($mm) Deposit Composition Core Deposits(1) ($mm) June 30, 2025 Retail Time Deposits 67% 80% 43% 63% 62% 63% 62% $1,900 58% 59% 60% 3,500 70% YoY +17.3% $1,700 60% $1,500 Wholesale 50% $2,823 $2.82B 3,000 $2,714 $1,300 Deposits 40% $2,616 $1,683 $1,610 $1,100 17% $1,503 $1,525
Slide 13: Profitability
Profitability 2Q25 Highlights Net Income & PTPP(1) Income ($mm) Diluted EPS & Adjusted Diluted EPS(1) 1.20 • Net interest income increased $1.7 $1.00 million and noninterest income $14.5 $0.85 increased $717 thousand, but $0.83 1.00 $12.3 $12.4 15 $0.74 $0.72 noninterest expense increased $355 $10.7
Slide 14: Noninterest Income & Expense
Noninterest Income & Expense Noninterest Income Trend ($mm) SBA 7(A) Loans ($mm) 8.2% 8.8% 44% 7.8% 7.8% 7.3% 10% 37% 38% 6.3% 6.0% 6.5% 34% 4 50% 60 32% 31% 8% 3 28% 29% 40% 6% 50 30% $1.5 5.3% 4% $1.2 5.6% 5.6% 5.6% 4.7% 5.4% 3 $1.1 $0.8 20% $0.7 $0.9 40 $0.8 $0.8 3.9% 3.9% 2% 2 10% 0% 30 0% 2 -2%
Slide 15: Net Interest Margin
Net Interest Margin Yield & Cost(1) Quarter-over-Quarter Impact to Net Interest Margin(1) 3.60% 8% 6.82% 3.50% 6.77% 6.58% 6.66% 6.63% 6.59% 6.56% 6.43% 3.40% 7% 3.30% +0.09% -0.02% -0.02% 0.00% 5.33% 5.33% 5.33% 3.20% 6% 5.26% 5.26% 3.10% 4.85% 4.86% 3.33% 4.65% 3.28% 4.52% 4.85% 4.33% 4.33% 3.00%
Slide 16: Capital
Capital Regulatory Capital Ratios Book Value/TCE Per Share(1) June 30, 2025 $25.78 $26.26 20% $28 $24.80 $25.39 $25.30 $24.46 $24.54 $26 $23.87 $24 18% $22 $20 16% $20.97 $21.44 14.84% $19.95 $20.55 $20.49 14.47% $18 $19.05 $19.62 $19.69 13.60% $16 14% 13.23% 13.23% $14 $12 11.81% 11.50% Sep-23 Dec-
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement the financial information presented in accordance with GAAP, we use certain non-GAAP financial measures. Management believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in u
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures The following table reconciles core deposits to its most comparable GAAP measure: ($ in thousands) Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Total Deposits (d) $ 2,192,129 $ 2,351,612 $ 2,402,840 $ 2,406,254 $ 2,459,682 $ 2,615,791 $ 2,714,399 $ 2,822,915 Le
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures The following table reconciles PTPP income, and adjusted ROAA, ROAE and diluted EPS for PTPP to their most comparable GAAP measures: ($ in thousands) 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Net Income (a) $ 7,023 $ 5,908 $ 4,685 $ 6,281 $ 7,814 $ 7,030 $ 7,735 $ 9,071 Add