California BanCorp Reports Q3 2025 Earnings

California BanCorp announced its financial results for the third quarter of 2025, reporting a net income of $15.7 million, or $0.48 per diluted share. This represents an increase from the $14.1 million, or $0.43 per diluted share, reported in the second quarter of 2025. The company highlighted strong deposit growth of $147.4 million and loan originations of $158.4 million, offset by payoffs and paydowns. The non-performing assets to total assets ratio decreased to 0.38% from 0.46% in the previous quarter. The company also reported a net interest margin of 4.52%, a slight decrease from 4.61% in the prior quarter. California BanCorp continues to focus on its core relationship-based business banking strategy and has implemented a share repurchase program, repurchasing 89,500 shares at an average price of $15.22 during the quarter.