PCB Bancorp (PCB)

PCB Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	159.18	136.03	95.05	79.16	76.55	85.67
Interest Income on Investments	16.27	15.15	6.7	2.32	3.22	7.28
Total Interest Income	175.45	151.18	101.75	81.47	79.76	92.95
Interest Paid on Deposits	86.29	62.17	11.98	4.04	12.96	23.44
Interest Paid on Borrowings	1.78	0.51	0.14	0.29	0.61	0.47
Total Interest Expense	88.07	62.67	12.12	4.34	13.57	23.91
Net Interest Income	87.38	88.5	89.63	77.14	66.19	69.03
Net Interest Income Growth (YoY)	-3.82%	-1.26%	16.20%	16.54%	-4.12%	5.00%
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.79
Other Non-Interest Income	5.63	5.64	5.18	4.31	3.96	3.54
Total Non-Interest Income	10.55	10.68	14.5	18.43	11.74	11.87
Non-Interest Income Growth (YoY)	-0.15%	-26.32%	-21.35%	57.02%	-1.09%	13.54%
Revenues Before Loan Losses	97.93	99.19	104.13	95.57	77.93	80.9
Provision for Loan Losses	3.1	-0.13	3.6	-4.6	13.22	4.24
Revenue	94.83	99.32	100.53	100.17	64.71	76.67
Revenue Growth (YoY)	-7.11%	-1.20%	0.36%	54.79%	-15.59%	2.26%
Salaries and Employee Benefits	35.12	34.08	32.52	27.52	25.43	25.43
Occupancy Expenses	5.44	4.78	3.73	3	3	2.91
Selling, General & Administrative	12.35	11.35	10.09	9.01	8.97	9.74
Other Non-Interest Expense	7.69	5.84	4.79	3.68	4.25	4.24
Total Non-Interest Expense	60.6	56.06	51.13	43.21	41.65	42.32
EBT Excluding Unusual Items	34.24	43.26	49.4	56.96	23.06	34.35
Other Unusual Items	-	-	-	-	-0.05	-
Pretax Income	34.24	43.26	49.4	56.96	23.01	34.35
Income Tax Expense	9.55	12.56	14.42	16.86	6.84	10.24
Net Income	24.69	30.71	34.99	40.1	16.18	24.11
Preferred Dividends & Other Adjustments	0.54	0.1	0.16	0.16	0.04	0.02
Net Income to Common	24.15	30.61	34.83	39.95	16.14	24.09
Net Income Growth	-26.30%	-12.24%	-12.76%	147.93%	-32.91%	-0.79%
Basic Shares Outstanding	14	14	15	15	15	16
Diluted Shares Outstanding	14	14	15	15	15	16
Shares Change (YoY)	-1.50%	-4.30%	-1.24%	-1.26%	-4.47%	10.08%
EPS (Basic)	1.70	2.14	2.35	2.66	1.05	1.52
EPS (Diluted)	1.68	2.12	2.31	2.62	1.04	1.49
EPS Growth	-26.68%	-8.23%	-11.83%	151.92%	-30.20%	-9.70%
Dividend Per Share	0.720	0.690	0.600	0.440	0.400	0.250
Dividend Growth	9.09%	15.00%	36.36%	10.00%	60.00%	108.33%
Effective Tax Rate	27.89%	29.03%	29.18%	29.59%	29.71%	29.82%

Source: S&P Capital IQ. Banks template. Financial Sources.