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California BanCorp BCAL Q3 2024 earnings

Reported October 29, 2024 · Before market open

Revenue$38.1MMiss by $8.4M
EPS$0.33Beat by $0.28
Revenue estimate$46.5M
EPS estimate$0.05

Next report

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

Financials

Q3 2024

Income statement

See full
Revenue$38.1M+58.3%
Net income-$16.5M-351%
EPS (diluted)-$0.59-269%

Balance sheet

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Cash & equivalents$614.4M+546%
Total debt$88.4M+129%
Total equity$498.1M+78.8%
Total assets$4.4B+88.6%

Cash flow

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Operating cash flow$18.3M+64.6%
CapEx$183.0K
Free cash flow$18.1M+62.4%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$409.77M+59.8%
Enterprise value-$116.3M-158%
P/S3.9×+1.4×

Profitability

See full
Net margin-6.6%-36.4pp

Returns & leverage

See full
Return on equity-1.8%-13.1pp
Debt / equity0.2×0.0×

Segments

By product

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Service charges and fees on deposit accounts$842.0K+194%
Interchange and ATM income$294.0K+59.8%

Versus estimates

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Questions, answered.

When did California BanCorp report Q3 2024 earnings?
California BanCorp (BCAL) reported Q3 2024 earnings on October 29, 2024 before market open.
What were California BanCorp's Q3 2024 revenue and EPS?
California BanCorp reported revenue of $38.1M and eps of $0.33 for Q3 2024.
Did California BanCorp beat estimates in Q3 2024?
Revenue missed the consensus estimate of $46.5M by $8.4M. EPS beat the consensus estimate of $0.05 by $0.28.
Where can I find California BanCorp's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001795815-24-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.