• California Bancorp posted Q2 2026 net income of $14.3 million, up 3.69% from Q1; diluted EPS rose 4.25% to $0.44.
• Net interest margin widened 24 basis points to 4.71% from Q1; return on average assets improved to 1.43% from 1.36%.
• Total loans, including loans held for sale, increased 3.8% to $3.11 billion versus Q1; total deposits slipped to $3.36 billion from $3.39 billion.
• Nonperforming loans fell 70.9% to $8.9 million from Q1; nonperforming assets dropped to $17.5 million from $39.2 million.
• Provision for credit losses was $714,000 versus a $381,000 reversal in Q1, driven by changes in the California economic outlook and higher substandard balances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Bancorp published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.