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California BanCorp BCAL Q2 2024 earnings

Reported August 12, 2024 · Before market open

Revenue$22.2MBeat by $195.5K
EPS$0.03Miss by $0.24
Revenue estimate$22.0M
EPS estimate$0.27

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$46.1M
EPS estimate$0.44

Financials

Q2 2024

Income statement

See full
Revenue$22.2M-9.6%
Net income$190.0K-97.2%
EPS (diluted)$0.01-97.2%

Balance sheet

See full
Cash & equivalents$104.7M+0.1%
Total debt$53.8M+24.6%
Total equity$293.2M+7.1%
Total assets$2.3B-0.7%

Cash flow

See full
Operating cash flow$309.0K-97.5%
CapEx$138.0K-32.4%
Free cash flow$171.0K-98.6%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$249.7M-0.6%
Enterprise value$198.81M+4.8%
P/E15.5×+7.2×
P/S2.8×+0.3×

Profitability

See full
Net margin17.8%-12.4pp

Returns & leverage

See full
Return on equity5.7%-6.0pp
Debt / equity0.2×0.0×

Segments

By product

See full
Service charges and fees on deposit accounts$378.0K+13.5%
Interchange and ATM income$190.0K-3.6%

Versus estimates

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Questions, answered.

When did California BanCorp report Q2 2024 earnings?
California BanCorp (BCAL) reported Q2 2024 earnings on August 12, 2024 before market open.
What were California BanCorp's Q2 2024 revenue and EPS?
California BanCorp reported revenue of $22.2M and eps of $0.03 for Q2 2024.
Did California BanCorp beat estimates in Q2 2024?
Revenue beat the consensus estimate of $22.0M by $195.5K. EPS missed the consensus estimate of $0.27 by $0.24.
Where can I find California BanCorp's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001795815-24-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.