California Bancorp · NASDAQ:BCAL
California Bancorp — California BanCorp \ CA — Q3 2026 Earnings Presentation
35 slides from California Bancorp's earnings presentation, Oct 28, 2026
Slide 1: Investor Presentation
Investor Presentation September 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 one of the nation's most attractive banking markets, supported by a diverse economy, strong business formation, and long-term growth opportunities Our footprint covers the best small to middle-market business banking markets in California Scar
Slide 5: California BanCorp At a Glance
California BanCorp At a Glance Our Footprint $682M ; 18.25% Cap" 5.7-Yr Asset Market CAGRE Acquisitions? 1 Merger of rate (CAGR) for the period ended September 30, 2026.
Slide 6: High Growth Franchise
High Growth Franchise ‘uly 2028 calor losed merger of California BanCorp and Southern California Bancorp © fs) (S1.86B Assets) Since 2019, total assets have grown October 2021 : : Acquired Bank of organically and through strategic Santa Clarita M&A by $3.3 billion, or 395%, powered by ($425MM Assets
Slide 7: 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 Experience: > 25 Years Thomas Dolan Chief Financial Officer, Company Banking Experi
Slide 8: Our Vision for a Premier Banking Franchise
Our Vision for a Premier Banking Franchise fs 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 composed
Slide 9: Financial Highlights
Financial Highlights
Slide 10: Financial Highlights
Financial Highlights Financial Highlights At or for the Three Months Ended Q3 2026 Q2 2026 Q12026 Q4 2025 Q3 2025 (§ in millions except per share data) Net Income $14.0 $14.3 $13.8 $164 $15.7 Diluted EPS $0.43 $0.44 $0.42 $0.50 $0.48 Pre-tax, Pre-provision Income (PTPP)* $21.6 $20.6 $18.7 $18.0 $21.
Slide 11: Balance Sheet
Balance Sheet September 30, March 31, December 31, September 30, 2026 2026 2025 2025 Assets Cash and Cash Equivalents $ 266,653 § 264,951 § 411,140 $ 399,913 $ 359,216 Debt Securities 371,570 361,553 351,466 287,826 262,426 Loans Held for Sale 15,389 15,828 24,096 25,105 6,685 Loans Held for Investm
Slide 12: QTD Condensed Income Statements
QTD Condensed Income Statements Income Statement (¢ in 000s) Three Months Ended Interest Income Loans Securities Interest and dividends from other institutions Total Interest Income Interest Expense Deposits Borrowings Total Interest Expense Net Interest Income Provision for (reversal of) credit los
Slide 13: 3Q26 and 3Q25 YTD Condensed Income Statements
3Q26 and 3Q25 YTD Condensed Income Statements Income Statement ($ in 000s) Nine Months Ended ‘September 30, 2026 September 30, 2025 Interest Income Loans $s 142,805 $ 148,487 Securities 10,839 6328 Interest and dividends from other institutions 11,376 14,984 Total Interest Income 5,020 189,799" Inte
Slide 14: Net Interest Margin
Net Interest Margin Cost of Funds (for three months ended September 30, 2026) Yield on Earning Assets (for three months ended Septembe ‘Avg. Balance Income __Yield Total loans $ 3,105,177 $ 49,207 6.29% _Interest-bearing NOW accounts $905,910 $ 3,820 1.67% Taxable debt securities 308,549 3,641 468%
Slide 15: Debt Securities Mix
Debt Securities Mix (at September 30, 2026) (AFS), 86.7% Debt Securities Held-to- Maturity Securities (HTM), 13.3% HTM and AFS Investment Securities Mortgage-Backed Securities (MBS), 58.0% (at September 30, 2026) Total Debt Secu $372 mi [ SBA, 1.0% i Treasury & Agency, 1.0% junicipal Bonds, 14.0% Co
Slide 16: Low-Cost Core Deposits
Low-Cost Core Deposits Deposit Mix and Growth Cost of Deposits (quarter) & at quarter ended: Spot Rate (quarter-end) ———= y 1.34% 1.26% 1.30% 4025 1026 2026 3026 “@- Cost of Deposits -@ Spot rate Total Deposits at quarter ended 30% (smm) $4,000 20% $3,500 $3460 $3,371 $3,393 $3,359 $3,476 10% $3,000
Slide 17: Significant Access to Liquidity & Funding Capacity
Significant Access to Liquidity & Funding Capacity Cash $ 266.7 $ — § 266.7 AFS Securities 318.9 103.2 215.7 FHLB 817.5 65.0 752.5 FRB DW 317.5 - 317.5 Other Sources 90.5 _- 90.5 Total $ 1,811.1. $ 168.2 $ 1,642.9 Significant Available Liquidity ($ in millions) $90.5 $1,642.9 $317.5 Zz vos $215.7 ae
Slide 18: Loan Portfolio
Loan Portfolio Yield on Loans, for the quarter ended Total Loans ! (SMM), at the quarter ended $2,997 $3,059 $2,997 $3,111 $3,164 $3,000 $2,000 $1,000 3025 4025 1026 2026 3026 1 2. haan 6.34% 5.80% 5.70% 5.90% 3025 4025 1026 2026 = Yield on Loans -@- Yield on Loans Less Accretion on purchased loans
Slide 19: Loans Held for Investment Rollforward
Loans Held for Investment Rollforward Amount ($M) Growth through new production while minimizing runoff through retention $400 $300 $200 $100 $(200) $(300) $3,149 $2,990 $3,034 $2,973 e * —o— 27 $90 $71 $219 $158 $150 $171 $98 $(148) 3025 Originations I Amortization, paydowns & other “@ Ending balan
Slide 20: Total CRE by Location
Total CRE ? by Location’, as of septembe Diverse Loan Portfolio San Bernardino - 2. al Ventura - 3.9% ap California - Bay Area - 24.1% Total Loan Portfolio Sacramento 5.0% ‘iy J eal Bay re Orange -4.8%—~ A\ Commercially Focused | Relationship Based Riverside - 6.6% —~ Total CRE Loans $1.93 billion O
Slide 21: Low LTV Commercial Real Estate Loans
Low LTV Commercial Real Estate Loans Total CRE? Distribution by LTV2, as of Septem CRE NOO vs CRE OO by Property Type, as of September 30, 2026 CRE - Restaurant, 1.7% CRENOO CRE - Medical/Dental Office, 2.7% CRE - Other (4), 5.9% — tm CRE - Special Purpose, 1.8% | CRE - Mixed Use, 7.0%' ‘CRE - Retai
Slide 22: CRE Office and Medical/Dental Office Loans
CRE Office and Medical/Dental Office Loans cation No. of Average Loan Weighted Avg. Loans —_ Balance? Size Ltv? Riverside 1.1% < $0.5 38S 9.7 $ 0.3 38.0% Orange $0.5-<$2 59S 55.4 $ 0.9 45.1% 24% $2-<$5 20 $ 66.6 $ 33 47.9% Out of State $5-<$10 8S 57.0 $ Ez) 59.9% 2.7% Los Angeles $10 - < $20 5S 60.6
Slide 23: Multifamily Loans
Multifamily Loans ultifamily Loans by Locatio California-Bay Area Others & Out of State 5 Average Loan Weighted 6.9% — q- 1.5% se Size Avg. LTV? Placer =e 14.2% Orange, 0.9% <S0.5 1s $ 5.0 $ 0.3 31.5% $0.5-<S2 36S 43.8 12 47.6% y Ventura, 1.0% $2-<$5 27S 810 $ 3.0 53.2% $5-<$10 6 S$ 43.2$ 7.2 56.8%
Slide 24: Loans Held for Investment by Risk Category
Loans Held for Investment by Risk Category Special Pass Mention ‘Substandard! Doubtful Loss Nonaccrual? Total ($ in Thousands) September 30, 2026 Construction and Land Development $ 148,738 $ — 8s -—s$ —s — 8s 5,000 $ 153,738 Real Estate - Other: 1-4 Family Residential 133,402 - = = - 2,661 136,063
Slide 25: Credit Profile
Credit Profile Adequate Reserves ($000) 3025 4Q25 1026 = 2Q26~—_3Q26 Nonaccrual Loans 1-4 Family $ —s =—s§ —$ 2661 $ 2,661 CRE & Multifamily 88 83 23,690 83 (262 Construction & Land Development 13,497 13,808 += 5,000 5,000 5,000 Commercial 2,020 2,195 1,935 1,478 1,406 Total Nonaccrual 15,600 16,086
Slide 26: Allowance for Credit Losses - Loans
$36,000 $34,000 $32,000 Balance (thousands| $30,000 Allowance for Credit Losses — Loans as of and for the Three Months Ended September 30, 2026 $3.2 million provision for credit losses - loans breakdown $295 Cc $224 $4,592 $34,860 — || $402 — $(1,162) $(895) $1) $(4,592) Balance, Initial ACLfor Net
Slide 27: Noninterest Expense and Total Revenue
$30.0 $24.0 $18.0 $12.0 $6.0 Noninterest Expense and Total Revenue terest Expense (SMM) 5 $45.0 $40.0 $35.0 $30.0 $25.0 $20.0 $15.0 $10.0 3025 4Q25 1026 2026 3026 Tl Noninterest expense ~@- Efficiency ratio 1. Non-GAAP financial measure; a reconciliation to the comparable GAAP measurement s provided
Slide 28: Income Metrics
Income Metrics Tangible Book Value (TBV)! and Return on Average Tangible Common Equity (ROATCE)*2 Net Income and Return on Average Assets (ROAA)? (SMM) $20.0 $16.4 2.00% 13.97 $14.29 $14.22 % $15.7 $13.8 $14.3 $14.0 $16.00 $13.39 $13.79 $ 30.00% $10.0 1.50% $8.00 20.00% 10.00% s— 1.00% —% 3025 4025
Slide 29: Capital Ratios
Tangible Common Equity Ratio! Tier 1 Ratio?? 129% 13.3% 13.8% 13.9% toa 2 9 11.8% 4% 4% : : : : L : ; ; L 3025 4025 1026 2026 3026 3025 4025 1026 2026 3026 Total Risk-Based Capital Ratio”? Leverage Ratio”? 12.8% 6° 12.0% 4 4 14.8% 14.9% 11.4% 11.6% 11.2% 14.1% 14.2% 133% ioe 4028 1026 mock — 3025 40
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 BANCORP CALIFORNIA BANK OF COMMERCE 35)
California BanCorp \ CA — Q3 2026 Earnings Presentation on 6ix