California Bancorp · NASDAQ:BCAL
California Bancorp — California BanCorp \ CA — Q2 2026 Earnings Presentation
35 slides from California Bancorp's earnings presentation, Jul 27, 2026
Slide 1: Investor Presentation June 30, 2026
Investor Presentation June 30, 2026 CALIFORNIA CALIFORNIA BANCORP BANK OF COMMERCE
Slide 2: Forward-Looking Statements
Forward-Looking Statements CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS In addition to historical information, this release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations, belie
Slide 3: Company Overview
Company Overview
Slide 4: Investment Highlights
Investment Highlights Market and Footprint * California is the world’s 5** largest economy and the largest banking market in the U.S.+ * Bank’s footprint covers the best small to middle-market business banking markets in California (1.4 million small to medium-sized businesses in the counties we ser
Slide 5: California BanCorp
California BanCorp Ata Glance Branch Footprint 18.55% 5.5-Yr Asset Market Cap" CAG! 4 0, secittinr || $3.4B |] 20.68% 4 Deposits? eee Merger of Equal
Slide 6: Attractive Market Position
Attractive Market Position California is the Largest Banking Market in the United States $4.3T Aw 40MM _ 1.9MM California GDP* Largest economy in the 2023 Population? ‘Small Businesses? world behind Germany ‘and ahead of Japan’ BCAL’s Southern California Footprint $1.6T 16% 23MM _ 1.0MM Combined GDP
Slide 7: High Growth Franchise
High Growth Franchise NWN 20OR ster losed merger of California BanCorp. and Southern California Bancorp % (61.868 Assets) Since 2019, total assets have grown October 2021 organically and through strategic eet M&A by $3.2 billion, or 388%, powered by mesg a dedicated and accomplished team. $4,032 $4,
Slide 8: Experienced Leadership Team
Experienced Leadership Team David |. Rainer Chairman and Chief Executive Officer Banking Experience: > 40 Years Peter Nutz Chief Credit Officer, Bank Banking Experience: > 20 Years Richard Hernandez President Banking Experien: > 25 Years Thomas Dolan Chief Financial Officer, Company Banking Experien
Slide 9: Our Vision for a Premier Banking Franchise
Our Vision for a Premier Banking Franchise (iz Strong Leadership * Experienced teams living and working in their respective California communities, and actively involved in local organizations * Reputation and credibility of leadership attracts top talent in the market * Bank Advisory Boards compose
Slide 10: Financial Highlights
Financial Highlights
Slide 11: Financial Highlights Q2 2026 versus Q1 2026
Financial Highlights Q2 2026 versus Q1 2026: | Highlights Q2 2026 Qi 2026 Q4 2025 Q3 2025 Q2 2025 © Net income of $14.3 million, up jons except per share data) 3.69% from prior quarter Net Income $143 $13.8 $16.4 $15.7 $14.1 " . i Diluted EPS © Diluted EPS of $0.44 diluted iia ced $0.42 $0.50 $0.48
Slide 12: Balance Sheet
Balance Sheet March31, | December 31, September 30, {$ in 000s) 2026 2025 2025 Assets Cash and Cash Equivalents $ 264,951 $ 411,140 $ 399,913 $ 559,216 $ 430,137 Debt Securities 361,553 351,466 287,826 262,424 241,275 Loans Held for Sale 15,828 24,096 25,105 6,685, 6,088 Loans Held for Investment 3,
Slide 13: 2Q26, 1Q26 and 2Q25 Income Statements
2Q26, 1026 and 2Q25 Income Statements Three Months Ended Income Statement ( June 30, 2026 ‘March 34, 2026 June 30, 2025 Interest Income Loans s 47970 § 45,628 § 49,080 Securities 3,825 3.076 2,085 Interest and dividends from other institutions 3,137 5,081 4651 Total interest Income 54,932 33,785 35,
Slide 14: 2Q26 and 2Q25 YTD Income Statements
2Q26 and 2Q25 YTD Income Statements June 30, 2025 Interest Income Loans s 93,598 S 99,768 Securities 5901 3.884 Interest and dividends from other institutions 8,218 8.962 Total Interest Income 108,717 12,612 Interest Expense Deposits 26,119 Borrowings 2,820 Total Interest Expense Net Interest Income
Slide 15: Net Interest Margin
Net Interest Margin Yield on Earning Assets Cost of Funds (for three months ended June 30, 2026) (for three months ended June 30, 2026) Avg. Income Avg. Balance Expense Total loans $ 3,037,033 $ 47,970 6.34% Interest-bearing NOW accounts $ 838,323 $ 3,543 170% Taxable debt securities 306,837 3,528 4
Slide 16: Low-Cost Core Deposits
Low-Cost Core Deposits Deposit Mix and Growth at quarter ende 30% 20% 10% —% 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Nonintorest-bearing Demand Money Market & Savings Interest-bearing Checking ICSIRET(2N3) Brokered Time Deposits CDARS Time Deposits(3) Time Deposits 27.6% Core deposits’ |
Slide 17: Significant Access to Liquidity & Funding Capacity
Significant Access to Liquidity & Funding Capacity As of 6/30/26 ($ in millions) Cash $ 265.0 $ —3 265.0 AFS Securities 308.8 97.8 211.0 FHLB 784.8 65.0 719.8 FRB DW 329.7 — 329.7 Other Sources 90.5 = 90.5 Total $ 1.7787 $ 162.8 _§ 1,615.9 Significant Available Liquidity ($ in millions) $90.5 $1,615
Slide 18: Loan Portfolio
Loan Portfolio Total Loans * (SMM), at the quarter ended $2,998 $2997 $3,059 $2,997 $3,111 $3,000 $2,000 $1,000 s— 2025 3025 4025 1026 2026 Yield on Loans, forthe quarterended 7.50% 7.00% 658% 6.50% 6.14% 5.89% 5.91% 50% 6.00% eve 5.50% 5.00% 4.50% 2025 3025 4025 1026 2026 m= Yield on Loans _»@ Yiel
Slide 19: Loans Held for Investment Rollforward
Loans Held for Investment Rollforward Grow through new production while minimizing runoff through retention. $400 $3,500 $2,992 $2,990 $3,034 $2,973 $300 eo oO -o— ~e— $3,000 $246 $200 $2,500 cn : o = $100 2,000 & as $106 $98 § o 2 $1,500 8 $(68) = $(91) $(93) (100) $(124) $1,000 (110) $(200) er) SD
Slide 20: Diverse Loan Portfolio as of June 30, 2026
s of June 30, 2026 Total CRE ? by Location‘, Diverse Loan Portfolio San Bernardino - 2. a Ventura - 3.8% ——— Lf" life - Bay Area - 24.2% Total Loan Portfolio’, a sacramento 5.4% \ alifornia - Bay Area . . _ Orange - 4.7% ~~ ee \\ Commercially Focused | Relationship Based Riverside - a aadleieidsans
Slide 21: Low LTV Commercial Real Estate Loans
Low LTV Commercial Real Estate Loans Total CRE? Distribution by LTV?, as of June 30, 2026 CRE NOO vs CRE OO by Property Type, as of June 30, 2026 pases CRE NOQ. 5.2% \ CRE - Restaurant, 1.8% >65% to 70% —-— CRE - Medical/Dental Office, 2.8% 8.2% CRE - Special Purpose, 1.69 >60% to 65% ——~, 11.4% ei
Slide 22: CRE Office and Medical/Dental Office Loans
CRE Office and Medical/Dental Office Loans CRE Office and Medical/Dental Office by Location * ne 30, 2026 No. of Average Loan Weighted Avg. iveritie Loans Balance? Size uv 11% | <$0.5 4s 10.4 $ 0.3 39.4% Orne ee $0.5-<$2 BS 53.1 $ 0.9 45.2% — \ $2-<$5 20 $ 65.8 $ 3.3 47.5% Oust outs $5-<$10 9s 65.1
Slide 23: Multifamily Loans
Multifamily Loans Itifamily Loans ultifamily Loans by Location?, as of June 30, ies No. of Average Loan Weighted on _ (Sin millions) Loans Balance? Size Avg. LTV? gee i S : E catons cont $0.5-<$2 36 S$ 4405 12 47.1% Et v4 §2-<55 27S 823 $ 3.0 53.6% gel $5-<$10 7 $ 501$ @ 55.5% $10-< $20 5 $7005 14.0
Slide 24: Loans Held for Investment by Risk Category
Loans Held for Investment by Risk Category Special Pass Mention Substandard’ Doubtful Loss Nonaccrual? Total (S in Thousands June 30, 2026 Construction and Land Development $ 125.478 § 3,350 $ —s —s§ — 8s 5,000 $ 133,828 Real Estate - Other: 1-4 Family Residential 135,150 - 2,030 - - 2.661 139,841 M
Slide 25: Adequate Reserves
Adequate Reserves Credit Profile ($000) 2Q25 30254025 1Q26_ 2026 Nonacerual Loans 1-4 Family 6 ag mi =f — $ 2,661 CRE & Multifamily 1,705 83 83 23,690 83 Construction & Land Development 14,659 13,497 13,808 = 5,000 5,000 Commercial 1990 2,020 2,195 1,935 1,178 Total Nonacerual 18,354 15,600 16,086 3
Slide 26: Allowance for Credit Losses — Loans
Allowance for Credit Losses — Loans as of and for the Three Months Ended June 30, 2026 $36,000 S134 1.13%! At June 30, 2026 $35,000 $1,231 s— $34,860 $(1,027) $(53) s $34,002 $192 34,000 Le | | im $(192) $(424) $33,000 $1.1 million provision breakdown $32,000 Balance, Net Charge- NetCharge- Economic
Slide 27: Noninterest Expense and Total Revenue
Noninterest Expense and Total Revenue Noninterest Expense ($MM) and Efficiency Ratio + Total Revenue? (SMM) $30.0 $50.0 $45.9 sista $44.3 $45.2 $44.2 poet $24.0 $40.0 $35.0 $18.0 $30.0 $25.0 $12.0 $20.0 $6.0 $15.0 $10.0 s- $5.0 2025 3025 4025 1026 2026 s— Tl Noninterest expense ® Efficiency ratio Sa
Slide 28: Income Metrics
Income Metrics Tangible Book Value (TBV)! and Net Income and Return on Average Assets (ROAA)? (SMM) Return on Average Tangible Common Equity (ROATCE)*? $20.0 = $16.4 2.00% 9 $14.29 1% $14.1 $15.7 $13.8 $14.3 $16.00 $12.82 $13.39 $13.79 $13.97 30.00 $10.0 1.50% $8.00 20.00% 10.00% s— 1.00% s —% 2025
Slide 29: Capital Ratios
Tangible Common Equity Ratio*? Tier 1 Ratio? 13.2% 12.9% 13.3% 13.8% 13.9% : ; ! ; L i : | : 2025 3Q25 4025 1026 2026 2025 3Q25 4Q25 1026 2026 Total Risk-Based Capital Ratio”? Leverage Ratio”? 9 o) 12.8% 14.3% 14.1% 14.2% 14.8% 14.9% 42:4% 11.4% 11.6% 12.0% ait aes — 1028 2026 2025 3025 4Q25 1026 20
Slide 30: Appendix
Appendix
Slide 31: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-tax, pre-provision income is non-U.S. GAAP financial measure derived from U.S. GAAP-based amounts. We calculate pre-tax, pre-provision income by excluding income tax and provision for credit losses from net income. Management believes that the exclusion of such items from
Slide 32: Non-GAAP Reconciliation
Non-GAAP Reconciliation Efficiency ratio is a non-U.S. GAAP financial measure derived from U.S. GAAP-based amounts. The efficiency ratio represents the ratio of noninterest expense to the sum of net interest income and total noninterest income. These non-U.S. GAAP financial measures are supplemental
Slide 33: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity to tangible assets (the "tangible common equity ratio") and tangible book value per share are non-U.S. GAAP financial measures derived from U.S. GAAP-based amounts, We calculate the tangible common equity ratio by excluding the balance of intangible ass
Slide 34: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following table presents a reconciliation of non-GAAP financial measures to GAAP measures for: (1) average tangible common equity, and (2) return on average tangible common equity. We believe the presentation of certain non-GAAP financial measures provides useful informat
Slide 35: California BanCorp / California Bank of Commerce
CALIFORNIA CALIFORNIA BANCORP BANK OF COMMERCE
California BanCorp \ CA — Q2 2026 Earnings Presentation on 6ix