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San Diego, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- California Bancorp (the "Company") (NASDAQ:BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank"), announces that its Board of Directors has authorized an increase in the number of shares of the Company's common stock that may be repurchased pursuant to its share repurchase program to 1.6 million shares, up from 550,000 shares when the program was first announced on June 15, 2023. The increase allows for the repurchase of approximately 4.9% of the Company's outstanding shares of common stock. No stock has yet been repurchased through the original or increased repurchase program. "The increase in our share repurchas
San Diego, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- California BanCorp ("us," "we," "our," or the "Company") (NASDAQ:BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank") announces its consolidated financial results for the first quarter of 2025. The Company reported net income of $16.9 million, or $0.52 per diluted share, for the first quarter of 2025, compared to $16.8 million, or $0.51 per diluted share for the fourth quarter of 2024, and net income of $4.9 million, or $0.26 per diluted share for the first quarter of 2024. "I'm pleased to report our strong first quarter earnings of $16.9 million, the second strong quarter of combined financial results since t
San Diego, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- California BanCorp ("us," "we," "our," or the "Company") (NASDAQ:BCAL), the holding company for California Bank of Commerce, N.A. (the "Bank") announces its consolidated financial results for the fourth quarter and full year of 2024. The Company reported net income of $16.8 million, or $0.51 per diluted share, for the fourth quarter of 2024, compared to a net loss of $16.5 million, or $0.59 per diluted share for the third quarter of 2024, and net income of $4.4 million, or $0.24 per diluted share for the fourth quarter of 2023. The Company reported net income of $5.4 million, or $0.22 per diluted share, for the full year of 2024, compar