Southern California Bancorp \ Ca

Track all markets on TradingView Southern California Bancorp (ticker: BCAL), the parent company of Bank of Southern California, N.A., has shown an increase in liquidity and maintained its well-capitalized status, according to the company’s recent SEC report. With a strong financial performance and a stable liquidity position, the company is equipped to meet its day-to-day […]

Track all markets on TradingView Southern California Bancorp (Ticker: BCAL) has recently reported an increase in its Allowance for Credit Losses (ACL) by $5.3 million during the three months ended March 31, 2023. The change reflects the adoption of a new accounting standard, the Current Expected Credit Losses (CECL) methodology, as well as other contributing

Track all markets on TradingView Southern California Bancorp (BCAL) has released its financial results for the first quarter ended March 31, 2023, reporting a net income of $8.2 million and total assets of $2.29 billion. The increase in total assets was primarily due to a $15.4 million increase in cash and cash equivalents, and an

Track all markets on TradingView Southern California Bancorp (BCAL) has reported notable increases in net interest income and loan growth during the first quarter of 2023. The growth can be attributed to higher average balances and yields on interest-bearing assets, which were partially offset by higher average balances and costs of interest-bearing liabilities. Increased Net

Track all markets on TradingView Southern California Bancorp (BCAL), the holding company for Bank of Southern California, has reported a net income of $8.2 million for the first quarter of 2023. Although this reflects a decrease in net income of $250,000 from the previous quarter, it also highlights a significant increase in net income of

Track all markets on TradingView Southern California Bancorp (ticker: BCAL) has recently announced an authorized share repurchase plan which allows the repurchase of up to 550,000 of the company’s outstanding common stock. This represents approximately 3% of the company’s outstanding shares at the time of the announcement. The repurchases may occur in the open market,

Track all markets on TradingView Southern California Bancorp recently released its financial report for the first three months of 2023, showing significant growth in loans and bank assets, as well as substantial stock-based compensation costs. This article will examine some key points from the report, as well as the overall financial health and performance of

Track all markets on TradingView Southern California Bancorp (ticker BCAL), a fast-growing community bank that primarily serves small and medium-sized businesses, as well as their owners, professionals, and entrepreneurs in Southern California, has reported steady growth in loans serviced for others. According to SEC filings, loans serviced for others amounted to $69.5 million at the

Track all markets on TradingView Southern California Bancorp (ticker: BCAL), a bank holding company for Bank of Southern California, has reported a net unrealized loss on available-for-sale debt securities of $7.1 million as of March 31, 2023. This figure reflects a decrease compared to the net unrealized loss of $9.1 million recorded at December 31,

Track all markets on TradingView Southern California Bancorp (ticker: BCAL) has provided an update on its investment securities in a recent SEC report. The bank’s held-to-maturity and available-for-sale debt securities have shown an increase in their estimated fair value compared to the previous fiscal year. These securities include U.S. government and agency securities, mortgage-backed securities,