PCB Bancorp operates as the bank holding company for Pacific City Bank that provides various banking products and services to individuals, and small and middle market businesses in Southern California. The company offers demand, savings, money market, and time deposits, as well as certificates of deposit; and remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts. It also provides real estate loans, commercial and industrial loans, automobile secured loans, unsecured lines of credit, term loans, and personal loans for various business customers, including manufacturing, wholesale and retail trade, hospitality, etc. In addition, the company offers automated teller machines, debit cards, direct deposits, and cashier's checks, as well as treasury management, wire transfer, and automated clearing house services; cash management services; and online, mobile, telephone, mail, and personal appointment banking services. It operates through a network of 11 full-service branches in Los Angeles and Orange counties, California; and a full-service branch in Englewood Cliffs, New Jersey, and Bayside, New York. The company also operates 9 loan production offices located in Irvine, Artesia, and Los Angeles, California; Annandale, Virginia; Chicago, Illinois; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas; and New York, New York. The company was formerly known as Pacific City Financial Corporation and changed its name to PCB Bancorp in July 2019. PCB Bancorp was founded in 2003 and is headquartered in Los Angeles, California.
IPO Year: 2018
Exchange: NASDAQ
Website: paccity.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/16/2023 | $17.00 | Neutral | Piper Sandler |
| 4/6/2022 | Outperform → Mkt Perform | Raymond James | |
| 11/1/2021 | $21.00 → $24.00 | Outperform | Raymond James |
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Piper Sandler resumed coverage of Pacific City Financial with a rating of Neutral and set a new price target of $17.00
Raymond James downgraded Pacific City Financial from Outperform to Mkt Perform
Raymond James reiterated coverage of PCB Bancorp with a rating of Outperform and set a new price target of $24.00 from $21.00 previously
Raymond James reiterated coverage of PCB Bancorp with a rating of Outperform and set a new price target of $16.50 from $13.00 previously
Raymond James reiterated coverage of PCB Bancorp with a rating of Outperform and set a new price target of $13.00 from $11.00 previously
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $7.5 million, or $0.52 per diluted common share, for the third quarter of 2024, compared with $6.1 million, or $0.43 per diluted common share, for the previous quarter and $7.0 million, or $0.49 per diluted common share, for the year-ago quarter. Q3 2024 Highlights Net income available to common shareholders totaled $7.5 million, or $0.52 per diluted common share; Recorded a provision for credit losses of $50 thousand for the current quarter compared with $259 thousand for the previous quarter and $751 thousand for the year-ago quarter;
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on October 24, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about November 15, 2024, to shareholders of record as of the close of business on November 8, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.co
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on July 24, 2024, its Board of Directors approved an amendment (the "Repurchase Program Amendment") to its current repurchase program that was approved and announced on August 2, 2023. The original repurchase program authorized the repurchase of up to 720,000 shares of the Company's outstanding common stock, which was then approximately 5% of the outstanding share, through August 2, 2024. The Repurchase Program Amendment extends the expiration date from August 2, 2024 to August 1, 2025. As of July 24, 2024, the Company has repurchased and retired 142,223 shares of its common stock, leaving an aggregate
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $6.3 million, or $0.43 per diluted common share, for the second quarter of 2024, compared with $4.7 million, or $0.33 per diluted common share, for the previous quarter and $7.5 million, or $0.52 per diluted common share, for the year-ago quarter. Q2 2024 Highlights Net income totaled $6.3 million, or $0.43 per diluted common share; Recorded a provision for credit losses of $259 thousand for the current quarter compared with $1.1 million for the previous quarter and $197 thousand for the year-ago quarter; Allowance for Credit Losses ("ACL") on loans to loans held-f
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on July 24, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about August 16, 2024, to shareholders of record as of the close of business on August 9, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.com: h
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $4.7 million, or $0.33 per diluted common share, for the first quarter of 2024, compared with $5.9 million, or $0.41 per diluted common share, for the previous quarter and $10.3 million, or $0.70 per diluted common share, for the year-ago quarter. Q1 2024 Highlights Net income totaled $4.7 million, or $0.33 per diluted common share; Recorded a provision (reversal) for credit losses of $1.1 million for the current quarter compared with $1.7 million for the previous quarter and $(2.8) million for the year-ago quarter; Allowance for Credit Losses ("ACL") on loans to l
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on April 25, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about May 17, 2024, to shareholders of record as of the close of business on May 10, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.com: https
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $5.9 million, or $0.41 per diluted common share, for the fourth quarter of 2023, compared with $7.0 million, or $0.49 per diluted common share, for the previous quarter and $8.7 million, or $0.58 per diluted common share, for the year-ago quarter. For 2023, net income was $30.7 million, or $2.12 per diluted common share, compared with $35.0 million and $2.31 per diluted common share, for the previous year. Q4 2023 and Full Year Highlights Net income totaled $5.9 million, or $0.41 per diluted common share, for the current quarter and $30.7 million, or $2.12 per diluted co
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on January 25, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about February 16, 2024, to shareholders of record as of the close of business on February 9, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $7.0 million, or $0.49 per diluted common share, for the third quarter of 2023, compared with $7.5 million, or $0.52 per diluted common share, for the previous quarter and $7.0 million, or $0.46 per diluted common share, for the year-ago quarter. Q3 2023 Highlights Net income totaled $7.0 million, or $0.49 per diluted common share, for the current quarter; Recorded a provision for credit losses(1),(2) of $751 thousand for the current quarter compared with $197 thousand for the previous quarter and $3.8 million for the year-ago quarter; Allowance for Credit Losses (
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PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $7.5 million, or $0.52 per diluted common share, for the third quarter of 2024, compared with $6.1 million, or $0.43 per diluted common share, for the previous quarter and $7.0 million, or $0.49 per diluted common share, for the year-ago quarter. Q3 2024 Highlights Net income available to common shareholders totaled $7.5 million, or $0.52 per diluted common share; Recorded a provision for credit losses of $50 thousand for the current quarter compared with $259 thousand for the previous quarter and $751 thousand for the year-ago quarter;
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on October 24, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about November 15, 2024, to shareholders of record as of the close of business on November 8, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.co
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $6.3 million, or $0.43 per diluted common share, for the second quarter of 2024, compared with $4.7 million, or $0.33 per diluted common share, for the previous quarter and $7.5 million, or $0.52 per diluted common share, for the year-ago quarter. Q2 2024 Highlights Net income totaled $6.3 million, or $0.43 per diluted common share; Recorded a provision for credit losses of $259 thousand for the current quarter compared with $1.1 million for the previous quarter and $197 thousand for the year-ago quarter; Allowance for Credit Losses ("ACL") on loans to loans held-f
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on July 24, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about August 16, 2024, to shareholders of record as of the close of business on August 9, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.com: h
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $4.7 million, or $0.33 per diluted common share, for the first quarter of 2024, compared with $5.9 million, or $0.41 per diluted common share, for the previous quarter and $10.3 million, or $0.70 per diluted common share, for the year-ago quarter. Q1 2024 Highlights Net income totaled $4.7 million, or $0.33 per diluted common share; Recorded a provision (reversal) for credit losses of $1.1 million for the current quarter compared with $1.7 million for the previous quarter and $(2.8) million for the year-ago quarter; Allowance for Credit Losses ("ACL") on loans to l
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on April 25, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about May 17, 2024, to shareholders of record as of the close of business on May 10, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.com: https
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $5.9 million, or $0.41 per diluted common share, for the fourth quarter of 2023, compared with $7.0 million, or $0.49 per diluted common share, for the previous quarter and $8.7 million, or $0.58 per diluted common share, for the year-ago quarter. For 2023, net income was $30.7 million, or $2.12 per diluted common share, compared with $35.0 million and $2.31 per diluted common share, for the previous year. Q4 2023 and Full Year Highlights Net income totaled $5.9 million, or $0.41 per diluted common share, for the current quarter and $30.7 million, or $2.12 per diluted co
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on January 25, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about February 16, 2024, to shareholders of record as of the close of business on February 9, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $7.0 million, or $0.49 per diluted common share, for the third quarter of 2023, compared with $7.5 million, or $0.52 per diluted common share, for the previous quarter and $7.0 million, or $0.46 per diluted common share, for the year-ago quarter. Q3 2023 Highlights Net income totaled $7.0 million, or $0.49 per diluted common share, for the current quarter; Recorded a provision for credit losses(1),(2) of $751 thousand for the current quarter compared with $197 thousand for the previous quarter and $3.8 million for the year-ago quarter; Allowance for Credit Losses (
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on October 25, 2023, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about November 17, 2023, to shareholders of record as of the close of business on November 9, 2023. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire
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PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank") today announced the appointment of Robert "Bob" McGibbon as an Advisory Board Member of the Bank effective March 1, 2023. In his role as an Advisory Board Member, Mr. McGibbon is expected to assist the Bank with Board member training, policy and procedures review, and advising on new products and services from a regulatory perspective, among other areas of advice. Mr. McGibbon recently retired from the Federal Deposit Insurance Corporation ("FDIC"). He joined the FDIC in 1988 and served as Field Supervisor for the FDIC's Los Angeles Territory over the past 20 years, where he supervised up to 70 bank exam
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of Pacific City Bank (the "Bank"), today announced the appointment of Janice Chung to the Board of Directors of the Company and the Bank effective November 1, 2021. This appointment increases the membership of the Company's Board of Directors from eight to nine. Ms. Chung is the Chief Executive Officer of BIC Technologies Group, a technology and engineering service firm that specializes in providing, primarily to global companies in South Korea and China, the processing technology of rare metals that includes base materials for solar cells, semiconductor, and titanium dioxide. BIC Technologies Group has provided basic technology