California BanCorp Q4 Profit Dips
(RTTNews) - California BanCorp (BCAL) on Wednesday reported net income of $16.42 million or $0.50 per share for the fourth quarter, down slightly from $16.77 million or $0.51 per share, a year earlier.
Net interest income fell to $42.91 million from $44.54 million in the same quarter of 2024.
The company recorded a reversal of provision for credit losses of $4.4 million, up from $3.84 million last year.
California Bancorp shares closed at $18.43 on Tuesday, down 0.16%.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.