PCB Bancorp (NASDAQ:PCB) Full Year 2024 Results

Key Financial Results

• Revenue: US$96.3m (down 3.0% from FY 2023).
• Net income: US$24.9m (down 19% from FY 2023).
• Profit margin: 26% (down from 31% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$1.75 (down from US$2.14 in FY 2023).

PCB Banking Performance Indicators

• Net interest margin (NIM): 3.17% (down from 3.57% in FY 2023).
• Cost-to-income ratio: 60.2% (up from 56.5% in FY 2023).
• Non-performing loans: 0.18% (up from 0.17% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PCB Bancorp Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Banking Industry contributing US$96.3m. The largest operating expense was General & Administrative costs, amounting to US$50.6m (71% of total expenses). Explore how PCB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on PCB Bancorp's balance sheet.

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