BCAL
California BanCorp \ CA
Next earnings Jul 27, 2026 · consensus $0.41 EPS, $46.0M rev
Last earnings +0.4% on 2026-04-28
$20.86
▼ -0.05%$20.86▲ +35.02%
over 1Y
L $14.44H $20.87
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.0%
1W+1.1%
1M+8.6%
3M+17.5%
YTD+13.1%
1Y+35.0%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Buy
Post-merger community bank at 10.8x earnings and ~1.2x book with 10.9% ROE — cheap enough to own, not a screamer.
Diluted EPS $1.93 · FY2025
The read
Quality fundamentals and an attractive price line up (~252% below fair value) — the rarer case where both the business and the entry look good.
California BanCorp is the merged entity from the July 2024 all-stock combination of Southern California Bancorp and legacy California BanCorp (CALB), which added $1.91B of assets, $1.43B of loans and $1.64B of deposits and pushed the company to ~$4.03B total assets across 14 branches plus 11 commercial offices statewide. FY2025 is the first clean, full year of the combined franchise, and that is the real story behind the headline growth: net income of $63.1M (diluted EPS $1.93) versus just $5.43M in FY2024 — the +1060% jump is optically explosive but overwhelmingly reflects a 2024 base crushed by merger costs, not a 12x improvement in the underlying business. Normalize against the pre-merger trend ($16.1M in 2022, $25.9M in 2023) and the combined bank is now earning a credible run-rate, but on a still-modest 10.9% ROE.
The balance sheet is the supportive part of the case. Stockholders' equity grew 12.7% to $577M, retained earnings rose 78.7% to $136M as the combined entity started compounding, long-term debt was cut 51.5% to $33.8M, and liabilities/equity of 6.0x is unremarkable for a bank. At $20.86 the stock trades at 10.8x FY diluted EPS and roughly 1.2x book (equity $577M / 32.3M shares ≈ $17.86/share). That is a discount valuation for a bank that is now solidly profitable, generating $57.3M of operating cash flow, and returning modest capital via a $3.25M dividend and $3.37M of buybacks. The setup — improving profitability, integration synergies still to fully season, and a below-market earnings multiple — is what tips this to a buy rather than a hold.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 2, 2026, 11:41 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | $16.1M | $25.9M | $5.43M | $63.1M |
| Diluted EPS | $0.88 | $1.39 | $0.22 | $1.93 |
| Net margin | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF11.8
PEG (trailing)0.01
Earnings yield9.4%
FCF yield8.5%
Quality & risk
ROIC (est.)—
Free cash flow$56.9M
Total debt$33.8M
Net cash$366M
Piotroski F-Score5/6
Capital returns
Buyback yield0.5%
Dividend yield (est.)0.5%
Shareholder yield1.0%
Shares Δ YoY-0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Officer / director change2026-05-28
Annual meeting: directors elected, say-on-pay/auditor ratified; board/officer change noted
- 10-Q Quarterly report2026-05-08
Q1 2026 (3/31): first clean full quarter with combined bank fully integrated
- 8-K Reg FD disclosure2026-05-05
Reg FD investor presentation furnished; no new financial disclosure
- 8-K Earnings results2026-04-28
Q1 2026 results released; steady post-merger earnings on ~$4B asset base
- DEF 14A Proxy statement2026-04-14
Proxy for 2026 annual meeting; routine director/auditor/pay votes
- 10-K Annual report2026-03-13
FY2025 10-K: net income $63.1M (+1061%), EPS $1.93, equity up 12.7% to $577M
- 8-K Other event2026-03-12
Other-events filing (likely quarterly cash dividend declaration)
- 8-K Officer / director change2026-02-18
Executive/director appointment or departure disclosed
- 8-K Earnings results2026-01-28
FY2025 results: net income $63.1M, EPS $1.93 as merger costs cleared
Recent filings
all on EDGAR ↗4Period ending 2026-06-212026-06-22open ↗4Period ending 2026-06-082026-06-08open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗S-8Filing2026-05-28open ↗
Frequently asked
- Is California BanCorp \ CA (BCAL) a buy?
- BCAL currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Post-merger community bank at 10.8x earnings and ~1.2x book with 10.9% ROE — cheap enough to own, not a screamer.
- What is BCAL's fair value?
- A Modified-Graham model based on BCAL's SEC fundamentals estimates a fair value of about $73.34. It is an estimate from reported earnings, not a price target.
- Is BCAL overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, BCAL currently appears undervalued relative to its SEC-grounded earnings power.
- What is California BanCorp \ CA's quality score?
- BCAL scores 81.66427692494963/100 (grade A-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001795815, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 7/3/2026, 3:41:21 AM.
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