PCB Bancorp (OQ:PCB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3701 Wilshire Blvd Ste 900 LOS ANGELES CA 90010-2871 |
| Tel: | N/A |
| Website: | https://www.mypcbbank.com |
| IR: | See website |
| Key People | ||
| Henry Kim President, Chief Executive Officer, Director | Timothy Chang Chief Financial Officer, Executive Vice President | Andrew Chung Executive Vice President, Chief Risk Officer, Corporate Secretary |
| Brian Bang Executive Vice President, Chief Credit Officer of the Bank | David W. Kim Executive Vice President, Chief Banking Officer | |
| Business Overview |
| PCB Bancorp is a bank holding company for PCB Bank (the Bank). The Bank offers a 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. The Bank offers a range of online banking solutions that includes access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions, including remote check deposit and mobile bill pay. The Bank offers automated teller machines and banking by telephone, mail, personal appointment, debit cards, as well as treasury management, wire transfer and automated clearing house services. The Banks lending activities portfolio consists of real estate loans, commercial and industrial loans and other consumer loans. Its investment securities portfolio includes mortgage-backed securities and collateralized mortgage obligations, among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, PCB Bancorp interest income increased 49% to $151.2M. Net interest income after loan loss provision increased 3% to $88.6M. Net income applicable to common stockholders decreased 12% to $30.6M. Net interest income after loan loss provision reflects Banking services segment increase from $0K to $88.6M. Net income was offset by Deposits increase from $12M to $62.2M (expense). |
| Employees: | 268 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $262.29M as of Dec 31, 2023 |
| Annual revenue (TTM): | $151.18M as of Dec 31, 2023 |
| EBITDA (TTM): | $45.95M as of Dec 31, 2023 |
| Net annual income (TTM): | $30.61M as of Dec 31, 2023 |
| Free cash flow (TTM): | $52.12M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 14,263,791 as of Mar 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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