PCBバンコープの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): January 28, 2026

PCB BANCORP

(Exact name of registrant as specified in its charter)

California

(State or other jurisdiction of

incorporation)

001-38621

(Commission

File Number)

20-8856755

(I.R.S. Employer

Identification No.)

3701 Wilshire Boulevard, Suite 900

Los Angeles, California

(Address of principal offices)

90010

(Zip Code)

Registrant’s telephone number, including area code: (213) 210-2000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, no par value	PCB	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On January 29, 2026, PCB Bancorp, a California corporation (the “Company”), issued a press release concerning its unaudited results for the fourth quarter of 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

The information in this report set forth under this Item 2.02 and in Exhibit 99.1 shall not be treated as “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly stated by specific reference in such filing.

Item 7.01 Regulation FD Disclosure.

Attached as Exhibit 99.2, and incorporated herein by reference, is a copy of an investor presentation that may be utilized by management at future discussions with investors. The information in this report set forth under this Item 7.01 and in Exhibit 99.2 shall not be treated as “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except expressly stated by specific reference in such filing.

Item 8.01 Other Events.

Common Stock Dividend

On January 29, 2026, the Company issued a press release announcing that on January 28, 2026, its Board of Directors declared a quarterly cash dividend of $0.22 per common share. The dividend will be paid on or about February 20, 2026, to shareholders of record as of the close of business on February 13, 2026. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release of PCB Bancorp, issued January 29 , 202 6 , concerning the results of operations and financial condition for the fourth quarter of 2025

99.2 Investor presentation of PCB Bancorp concerning the unaudited results for the fourth quarter of 2025

99.3 Press release of PCB Bancorp, issued January 29 , 202 6 , announcing the declaration of a quarterly cash dividend

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		PCB Bancorp

Date:	January 29, 2026	/s/ Timothy Chang
		Timothy Chang
		Executive Vice President and Chief Financial Officer

EX-99.1 2 pcbpr20260129earnings.htm EX-99.1 Document

Exhibit 99.1

PCB Bancorp Reports Earnings for Q4 2025 and Full Year 2025

Los Angeles, California - January 29, 2026 - PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income available to common shareholders of $9.1 million, or $0.64 per diluted common share, for the fourth quarter of 2025, compared with $11.3 million, or $0.78 per diluted common share, for the previous quarter and $6.7 million, or $0.46 per diluted common share, for the year-ago quarter. For 2025, net income available to common shareholders was $37.2 million, or $2.58 per diluted common share, compared with $25.0 million, or $1.74 per diluted common share, for the previous year.

Q4 2025 and Full Year Highlights

•Net income available to common shareholders totaled $9.1 million, or $0.64 per diluted common share, for the current quarter and $37.2 million, or $2.58 per diluted common share, for the current year;

•Provision (reversal) for credit losses was $1.0 million for the current quarter compared with $(381) thousand for the previous quarter and $2.0 million for the year-ago quarter. For the current year, provision for credit losses was $4.0 million compared with $3.4 million for the previous year;

•Allowance for Credit Losses (“ACL”) on loans to loans held-for-investment ratio was 1.18% at December 31, 2025 compared with 1.20% at September 30, 2025, and 1.16% at December 31, 2024;

•Net interest income was $26.6 million for the current quarter compared with $27.0 million for the previous quarter and $23.2 million for the year-ago quarter. Net interest margin was 3.28% for the current quarter compared with 3.28% for the previous quarter and 3.18% for the year-ago quarter. For the current year, net interest income and net interest margin were $103.9 million and 3.29%, respectively, compared with $88.6 million and 3.17%, respectively, for the previous year;

•Gain on sale of loans was $648 thousand for the current quarter compared with $1.6 million for the previous quarter and $1.2 million for the year-ago quarter. For the current year, gain on sale of loans was $4.6 million compared with $3.8 million for the previous year;

•Total assets were $3.28 billion at December 31, 2025, a decrease of $81.7 million, or 2.4%, from $3.36 billion at September 30, 2025, but an increase of $217.8 million, or 7.1%, from $3.06 billion at December 31, 2024;

•Loans held-for-investment were $2.82 billion at December 31, 2025, an increase of $67.9 million, or 2.5%, from $2.75 billion at September 30, 2025, and an increase of $191.0 million, or 7.3%, from $2.63 billion at December 31, 2024; and

•Total deposits were $2.80 billion at December 31, 2025, a decrease of $118.1 million, or 4.1%, from $2.91 billion at September 30, 2025, but an increase of $179.6 million, or 6.9%, from $2.62 billion at December 31, 2024.

Henry Kim, President and CEO, commented, “We are pleased to report fourth quarter net income of $9.1 million or $0.64 per diluted share and for the full year 2025, net income of $37.2 million or $2.58 per diluted share.

Our total loan growth for the quarter was $70 million or 10% on an annualized basis as we continue to experience strong loan demand. Deposit decreased $118 million for the quarter due to a reduction of $100 million in brokered deposits and $18 million in retail deposits. Retail deposit balance decreased primarily because we intentionally did not compete with marketplace deposit rates that remain elevated despite recent FOMC rate cuts.

However, despite the elevated deposit rates in our marketplace and recent interest rate cuts that decreased the yield on our variable loan portfolio, we effectively maintained our net interest margin at 3.28% during the fourth quarter. Additionally, expenses were well-controlled, and the credit quality remained solid.”

Mr. Kim continued, “Heading into 2026, even with the backdrop of ongoing geopolitical tensions and domestic conflicts, our loan pipeline remains strong.”

Financial Highlights (Unaudited)


($ in thousands, except per share data)	Three Months Ended													Year Ended
	12/31/2025			9/30/2025			% Change		12/31/2024			% Change		12/31/2025			12/31/2024			% Change
Net income	$	9,235		$	11,412		(19.1)	%	$	7,030		31.4	%	$	37,453		$	25,810		45.1	%
Net income available to common shareholders	$	9,148		$	11,326		(19.2)	%	$	6,684		36.9	%	$	37,153		$	24,976		48.8	%
Diluted earnings per common share (“EPS”)	$	0.64		$	0.78		(17.9)	%	$	0.46		39.1	%	$	2.58		$	1.74		48.3	%

Net interest income	$	26,627		$	26,978		(1.3)	%	$	23,164		14.9	%	$	103,878		$	88,617		17.2	%
Provision (reversal) for credit losses	1,024			(381)			NA		2,002			(48.9)	%	4,028			3,401			18.4	%
Noninterest income	2,545			3,414			(25.5)	%	3,043			(16.4)	%	11,836			11,093			6.7	%
Noninterest expense	15,026			14,869			1.1	%	13,894			8.1	%	59,198			60,023			(1.4)	%

Return on average assets (“ROAA”) (1)	1.11		%	1.35		%			0.94		%			1.15		%	0.90		%
Return on average shareholders’ equity (“ROAE”) (1)	9.45		%	11.92		%			7.69		%			9.93		%	7.26		%
Return on average tangible common equity (“ROATCE”) (1),(2)	11.40		%	14.46		%			9.02		%			12.07		%	8.72		%
Net interest margin (1)	3.28		%	3.28		%			3.18		%			3.29		%	3.17		%
Efficiency ratio (3)	51.51		%	48.92		%			53.02		%			51.16		%	60.20		%


($ in thousands, except per share data)	12/31/2025			9/30/2025			% Change		12/31/2024			% Change
Total assets	$	3,281,771		$	3,363,506		(2.4)	%	$	3,063,971		7.1	%
Net loans held-for-investment	2,787,019			2,719,554			2.5	%	2,598,759			7.2	%
Total deposits	2,795,412			2,913,502			(4.1)	%	2,615,791			6.9	%
Book value per common share (4)	$	27.41		$	26.93				$	25.30
TCE per common share (2)	$	22.55		$	22.09				$	20.49
Tier 1 leverage ratio (consolidated)	11.89		%	11.57		%			12.45		%
Total shareholders’ equity to total assets	11.88		%	11.43		%			11.87		%
TCE to total assets (2), (5)	9.78		%	9.38		%			9.62		%

(1)Ratios for the three months ended periods are presented on an annualized basis.

(2)Non-GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.

(3)Calculated by dividing noninterest expense by the sum of net interest income and noninterest income.

(4)Calculated by dividing total shareholders’ equity by the number of outstanding common shares.

(5)The Company had no intangible asset component for the presented periods.

Result of Operations (Unaudited)

Net Interest Income and Net Interest Margin

The following table presents the components of net interest income for the periods indicated:


	Three Months Ended													Year Ended
($ in thousands)	12/31/2025			9/30/2025			% Change		12/31/2024			% Change		12/31/2025			12/31/2024			% Change
Interest income/expense on
Loans	$	45,648		$	46,193		(1.2)	%	$	42,309		7.9	%	$	180,345		$	164,301		9.8	%
Investment securities	1,516			1,474			2.8	%	1,388			9.2	%	5,860			5,328			10.0	%
Other interest-earning assets	2,701			3,804			(29.0)	%	2,622			3.0	%	11,331			11,188			1.3	%
Total interest-earning assets	49,865			51,471			(3.1)	%	46,319			7.7	%	197,536			180,817			9.2	%
Interest-bearing deposits	23,197			23,995			(3.3)	%	22,927			1.2	%	92,261			90,487			2.0	%
Borrowings	41			498			(91.8)	%	228			(82.0)	%	1,397			1,713			(18.4)	%
Total interest-bearing liabilities	23,238			24,493			(5.1)	%	23,155			0.4	%	93,658			92,200			1.6	%
Net interest income	$	26,627		$	26,978		(1.3)	%	$	23,164		14.9	%	$	103,878		$	88,617		17.2	%
Average balance of
Loans	$	2,810,897		$	2,784,148		1.0	%	$	2,538,310		10.7	%	$	2,757,090		$	2,445,080		12.8	%
Investment securities	156,819			152,084			3.1	%	147,943			6.0	%	151,653			144,455			5.0	%
Other interest-earning assets	250,215			327,637			(23.6)	%	207,234			20.7	%	247,358			203,279			21.7	%
Total interest-earning assets	$	3,217,931		$	3,263,869		(1.4)	%	$	2,893,487		11.2	%	$	3,156,101		$	2,792,814		13.0	%
Interest-bearing deposits	$	2,311,423		$	2,326,170		(0.6)	%	$	1,986,901		16.3	%	$	2,241,953		$	1,892,944		18.4	%
Borrowings	4,011			43,109			(90.7)	%	17,946			(77.6)	%	30,619			31,033			(1.3)	%
Total interest-bearing liabilities	$	2,315,434		$	2,369,279		(2.3)	%	$	2,004,847		15.5	%	$	2,272,572		$	1,923,977		18.1	%
Total funding (1)	$	2,853,402		$	2,910,522		(2.0)	%	$	2,548,818		12.0	%	$	2,804,998		$	2,463,240		13.9	%
Annualized average yield/cost of
Loans	6.44		%	6.58		%			6.63		%			6.54		%	6.72		%
Investment securities	3.84		%	3.85		%			3.73		%			3.86		%	3.69		%
Other interest-earning assets	4.28		%	4.61		%			5.03		%			4.58		%	5.50		%
Total interest-earning assets	6.15		%	6.26		%			6.37		%			6.26		%	6.47		%
Interest-bearing deposits	3.98		%	4.09		%			4.59		%			4.12		%	4.78		%
Borrowings	4.06		%	4.58		%			5.05		%			4.56		%	5.52		%
Total interest-bearing liabilities	3.98		%	4.10		%			4.59		%			4.12		%	4.79		%
Net interest margin	3.28		%	3.28		%			3.18		%			3.29		%	3.17		%
Cost of total funding (1)	3.23		%	3.34		%			3.61		%			3.34		%	3.74		%
Supplementary information
Net accretion of discount on loans	$	746		$	563		32.5	%	$	645		15.7	%	$	2,791		$	2,782		0.3	%
Net amortization of deferred loan fees	$	255		$	433		(41.1)	%	$	295		(13.6)	%	$	1,368		$	1,214		12.7	%

(1)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.

Loans. The decreases in average yield for the current quarter compared with the previous and year-ago quarters were primarily due to decreases in market rates and net amortization of deferred loan fees, partially offset by an increase in net accretion of discount on loans. The decrease in average yield for the current year compared with the previous year was primarily due to a decrease in market rates, partially offset by an increase in net amortization of deferred loan fees.

The following table presents a composition of total loans by interest rate type accompanied by the weighted-average contractual rates as of the dates indicated:


	12/31/2025				9/30/2025				12/31/2024
	% to Total Loans		Weighted-Average Contractual Rate		% to Total Loans		Weighted-Average Contractual Rate		% to Total Loans		Weighted-Average Contractual Rate
Fixed rate loans	17.5	%	5.60	%	18.2	%	5.60	%	17.4	%	5.23	%
Hybrid rate loans	39.7	%	5.57	%	39.5	%	5.51	%	37.3	%	5.27	%
Variable rate loans	42.8	%	6.93	%	42.3	%	7.38	%	45.3	%	7.63	%

Investment Securities. The increases for the current quarter and year compared with the same periods of 2024 were primarily due to higher yields on newly purchased investment securities.

Other Interest-Earning Assets. The decreases for the current quarter and year were primarily due to a decrease in average interest rate on cash held at the Federal Reserve Bank, partially offset by an increase in dividends received on Federal Home Loan Bank (“FHLB”) stock.

Interest-Bearing Deposits. The decreases in average cost for the current quarter and year were primarily due to a decrease in market rates.

Provision (reversal) for credit losses

The following table presents a composition of provision for credit losses for the periods indicated:


	Three Months Ended										Year Ended
($ in thousands)	12/31/2025		9/30/2025		% Change		12/31/2024		% Change		12/31/2025		12/31/2024		% Change
Provision (reversal) for credit losses on loans	$	791	$	(428)	NA		$	2,044	(61.3)	%	$	3,675	$	3,488	5.4	%
Provision (reversal) for credit losses on off-balance sheet credit exposure	233		47		395.7	%	(42)		NA		353		(87)		NA
Total provision (reversal) for credit losses	$	1,024	$	(381)	NA		$	2,002	(48.9)	%	$	4,028	$	3,401	18.4	%

The provision for credit losses on loans for the current quarter was primarily due to an increase in loans held-for-investment.

Noninterest Income

The following table presents the components of noninterest income for the periods indicated:


	Three Months Ended										Year Ended
($ in thousands)	12/31/2025		9/30/2025		% Change		12/31/2024		% Change		12/31/2025		12/31/2024		% Change
Gain on sale of loans	$	648	$	1,617	(59.9)	%	$	1,161	(44.2)	%	$	4,617	$	3,752	23.1	%

Service charges and fees on deposits	416		377		10.3	%	404		3.0	%	1,540		1,545		(0.3)	%
Loan servicing income	741		719		3.1	%	861		(13.9)	%	2,945		3,365		(12.5)	%
Bank-owned life insurance (“BOLI”) income	271		259		4.6	%	246		10.2	%	1,030		949		8.5	%
Other income	469		442		6.1	%	371		26.4	%	1,704		1,482		15.0	%
Total noninterest income	$	2,545	$	3,414	(25.5)	%	$	3,043	(16.4)	%	$	11,836	$	11,093	6.7	%

Gain on Sale of Loans. The following table presents information on gain on sale of loans for the periods indicated:


	Three Months Ended										Year Ended
($ in thousands)	12/31/2025		9/30/2025		% Change		12/31/2024		% Change		12/31/2025		12/31/2024		% Change
Gain on sale of SBA loans
Sold loan balance	$	13,201	$	29,017	(54.5)	%	$	24,518	(46.2)	%	$	85,770	$	71,057	20.7	%
Premium received	769		1,852		(58.5)	%	1,910		(59.7)	%	5,579		5,747		(2.9)	%
Gain recognized	648		1,617		(59.9)	%	1,161		(44.2)	%	4,617		3,752		23.1	%
Gain on sale of residential mortgage loans
Sold loan balance	$	—	$	—	—	%	$	—	—	%	$	—	$	676	(100.0)	%
Gain recognized	—		—		—	%	—		—	%	—		—		—	%

Loan Servicing Income. The Company services SBA loans and certain residential property loans sold to the secondary market. The following table presents information on loan servicing income for the periods indicated:


	Three Months Ended										Year Ended
($ in thousands)	12/31/2025		9/30/2025		% Change		12/31/2024		% Change		12/31/2025		12/31/2024		% Change
Loan servicing income
Servicing income received	$	1,254	$	1,247	0.6	%	$	1,255	(0.1)	%	$	5,025	$	5,130	(2.0)	%
Servicing assets amortization	(513)		(528)		(2.8)	%	(394)		30.2	%	(2,080)		(1,765)		17.8	%
Loan servicing income	$	741	$	719	3.1	%	$	861	(13.9)	%	$	2,945	$	3,365	(12.5)	%
Underlying loans at end of period	$	502,408	$	518,309	(3.1)	%	$	523,797	(4.1)	%	$	502,408	$	523,797	(4.1)	%

Noninterest Expense

The following table presents the components of noninterest expense for the periods indicated:


	Three Months Ended										Year Ended
($ in thousands)	12/31/2025		9/30/2025		% Change		12/31/2024		% Change		12/31/2025		12/31/2024		% Change
Salaries and employee benefits	$	9,339	$	9,293	0.5	%	$	8,417	11.0	%	$	36,551	$	35,661	2.5	%
Occupancy and equipment	2,202		2,372		(7.2)	%	2,198		0.2	%	9,242		9,117		1.4	%
Professional fees	834		541		54.2	%	752		10.9	%	2,808		3,408		(17.6)	%
Marketing and business promotion	607		669		(9.3)	%	582		4.3	%	2,116		1,886		12.2	%
Data processing	351		333		5.4	%	205		71.2	%	1,334		1,499		(11.0)	%
Director fees and expenses	224		223		0.4	%	227		(1.3)	%	898		906		(0.9)	%
Regulatory assessments	389		373		4.3	%	322		20.8	%	1,464		1,256		16.6	%
Other expense	1,080		1,065		1.4	%	1,191		(9.3)	%	4,785		6,290		(23.9)	%
Total noninterest expense	$	15,026	$	14,869	1.1	%	$	13,894	8.1	%	$	59,198	$	60,023	(1.4)	%

Salaries and Employee Benefits. The increase for the current quarter compared with the year-ago quarter was primarily due to increases in salaries, bonus accrual, group insurance and stock compensation expenses. The increase for the current year compared with the previous year was primarily due to increases in bonus accrual, group insurance and stock compensation expenses, partially offset by an increase in direct loan origination cost, which offsets and defers the recognition of salaries and benefits expense. The number of full-time equivalent employees was 264, 270 and 262 as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively.

Professional Fees. The increase for the current quarter compared with the previous quarter was primarily due to increases in professional fees related internal audit and loan review. The decrease for the current year compared with the previous year was primarily due to other professional fees related to a core system conversion that was completed in April 2024 for the previous year, partially offset by professional fees related to evaluating the accounting for a preferred stock purchase option for the current year.

Marketing and Business Promotion. The increase for the current quarter and year compared with the same periods of 2024 were primarily due to an increase in advertising.

Data Processing. The increase for the current quarter compared with the year-ago quarter was primarily due to one-time new relationship credit recognized during the year-ago quarter from the core system conversion completed in April 2024. The decrease for the current year compared with the previous year was primarily due to a decrease in overall service charges after the core system conversion, partially offset by the one-time new relationship credit recognized during the previous year.

Other Expense. The decrease for the current year compared with the previous year was primarily due to a termination charge for the legacy core system of $508 thousand and an expense of $815 thousand for a reimbursement for an SBA loan guarantee previously paid by the SBA on a loan originated in 2014 that subsequently defaulted and was ultimately determined to be ineligible for the SBA guaranty during the previous year, partially offset by the impairment on operating lease assets of $238 thousand and contingent accrual for legal settlements of $217 thousand for the current year.

Balance Sheet (Unaudited)

Total assets were $3.28 billion at December 31, 2025, a decrease of $81.7 million, or 2.4%, from $3.36 billion at September 30, 2025, but an increase of $217.8 million, or 7.1%, from $3.06 billion at December 31, 2024. The decrease for the current quarter was primarily due to a decrease in cash and cash equivalents, partially offset by an increases in loans held-for-investment. The increase for the current year was primarily due to increases in loans held-for-investment and cash and cash equivalents.

Loans

The following table presents a composition of total loans (includes both loans held-for-sale and loans held-for-investment) as of the dates indicated:


($ in thousands)	12/31/2025			9/30/2025			% Change		12/31/2024			% Change
Commercial real estate:
Commercial property	$	1,071,396		$	1,039,965		3.0	%	$	940,931		13.9	%
Business property	638,063			639,596			(0.2)	%	595,547			7.1	%
Multifamily	175,579			172,098			2.0	%	194,220			(9.6)	%
Construction	18,561			25,911			(28.4)	%	21,854			(15.1)	%
Total commercial real estate	1,903,599			1,877,570			1.4	%	1,752,552			8.6	%
Commercial and industrial	508,662			465,424			9.3	%	472,763			7.6	%
Consumer:
Residential mortgage	401,337			401,653			(0.1)	%	392,456			2.3	%
Other consumer	6,802			7,867			(13.5)	%	11,616			(41.4)	%
Total consumer	408,139			409,520			(0.3)	%	404,072			1.0	%
Loans held-for-investment	2,820,400			2,752,514			2.5	%	2,629,387			7.3	%
Loans held-for-sale	12,077			9,634			25.4	%	6,292			91.9	%
Total loans	$	2,832,477		$	2,762,148		2.5	%	$	2,635,679		7.5	%

SBA loans included in:
Loans held-for-investment	$	146,549		$	151,766		(3.4)	%	$	146,940		(0.3)	%
Loans held-for-sale	$	12,077		$	9,634		25.4	%	$	6,292		91.9	%

ACL on loans	$	33,381		$	32,960		1.3	%	$	30,628		9.0	%
ACL on loans to loans held-for-investment	1.18		%	1.20		%			1.16		%

The increase in loans held-for-investment for the current quarter was primarily due to new funding of term loans of $209.3 million and net increase of lines of credit of $3.1 million, partially offset by pay-downs and pay-offs of term loans of $144.1 million and charge-offs of $381 thousand. The increase for the current year was primarily due to new funding of term loans of $652.4 million, partially offset by pay-downs and pay-offs of term loans of $443.9 million, net decrease of lines of credit of $16.2 million, and charge-offs of $1.3 million.

The increase in loans held-for-sale for the current quarter was primarily due to new funding of $16.0 million, partially offset by sales of $13.2 million and pay-downs of $395 thousand. The increase for the current year period was primarily due to new funding of $92.2 million, partially offset by sales of $85.8 million and pay-downs of $643 thousand.

The following table presents a composition of off-balance sheet credit exposure as of the dates indicated:


($ in thousands)	12/31/2025		9/30/2025		% Change		12/31/2024		% Change
Commercial property	$	11,344	$	13,772	(17.6)	%	$	8,888	27.6	%
Business property	7,569		10,740		(29.5)	%	11,058		(31.6)	%

Construction	5,229		7,688		(32.0)	%	14,423		(63.7)	%
Commercial and industrial	342,593		373,560		(8.3)	%	364,731		(6.1)	%
Other consumer	1,347		1,357		(0.7)	%	1,475		(8.7)	%
Total commitments to extend credit	368,082		407,117		(9.6)	%	400,575		(8.1)	%
Letters of credit	7,330		7,074		3.6	%	6,795		7.9	%
Total off-balance sheet credit exposure	$	375,412	$	414,191	(9.4)	%	$	407,370	(7.8)	%

Credit Quality

The following table presents a summary of non-performing loans and assets, and classified assets as of the dates indicated:


($ in thousands)	12/31/2025			9/30/2025			% Change		12/31/2024			% Change
Nonaccrual loans
Commercial real estate:
Commercial property	$	1,403		$	1,448		(3.1)	%	$	1,851		(24.2)	%
Business property	938			962			(2.5)	%	2,336			(59.8)	%


Total commercial real estate	2,341			2,410			(2.9)	%	4,187			(44.1)	%
Commercial and industrial	161			378			(57.4)	%	79			103.8	%
Consumer:
Residential mortgage	5,403			5,370			0.6	%	403			1,240.7	%
Other consumer	5			—			NA		24			(79.2)	%
Total consumer	5,408			5,370			0.7	%	427			1,166.5	%
Total nonaccrual loans held-for-investment	7,910			8,158			(3.0)	%	4,693			68.5	%
Loans past due 90 days or more and still accruing	—			—			—	%	—			—	%
Non-performing loans (“NPLs”)	7,910			8,158			(3.0)	%	4,693			68.5	%
NPLs held-for-sale	—			—			—	%	—			—	%
Total NPLs	7,910			8,158			(3.0)	%	4,693			68.5	%
Other real estate owned (“OREO”)	—			—			—	%	—			—	%
Non-performing assets (“NPAs”)	$	7,910		$	8,158		(3.0)	%	$	4,693		68.5	%
Loans past due and still accruing
Past due 30 to 59 days	$	943		$	1,548		(39.1)	%	$	4,599		(79.5)	%
Past due 60 to 89 days	12			—			NA		303			(96.0)	%
Past due 90 days or more	—			—			—	%	—			—	%
Total loans past due and still accruing	$	955		$	1,548		(38.3)	%	4,902			(80.5)	%
Special mention loans	$	6,435		$	6,477		(0.6)	%	$	5,034		27.8	%
Classified assets
Classified loans held-for-investment	$	9,159		$	10,172		(10.0)	%	$	6,930		32.2	%
Classified loans held-for-sale	—			—			—	%	—			—	%
OREO	—			—			—	%	—			—	%
Classified assets	$	9,159		$	10,172		(10.0)	%	$	6,930		32.2	%
NPLs to loans held-for-investment	0.28		%	0.30		%			0.18		%
NPAs to total assets	0.24		%	0.24		%			0.15		%
Classified assets to total assets	0.28		%	0.30		%			0.23		%

Allowance for Credit Losses

The following table presents activity in ACL for the periods indicated:


	Three Months Ended										Year Ended
($ in thousands)	12/31/2025		9/30/2025		% Change		12/31/2024		% Change		12/31/2025		12/31/2024		% Change
ACL on loans
Balance at beginning of period	$	32,960	$	33,554	(1.8)	%	$	28,930	13.9	%	$	30,628	$	27,533	11.2	%
Charge-offs	(381)		(454)		(16.1)	%	(395)		(3.5)	%	(1,308)		(691)		89.3	%
Recoveries	11		288		(96.2)	%	49		(77.6)	%	386		298		29.5	%
Provision (reversal) for credit losses on loans	791		(428)		NA		2,044		(61.3)	%	3,675		3,488		5.4	%
Balance at end of period	$	33,381	$	32,960	1.3	%	$	30,628	9.0	%	$	33,381	$	30,628	9.0	%
ACL on off-balance sheet credit exposure
Balance at beginning of period	$	1,310	$	1,263	3.7	%	$	1,232	6.3	%	$	1,190	$	1,277	(6.8)	%
Provision (reversal) for credit losses on off-balance sheet credit exposure	233		47		395.7	%	(42)		NA		353		(87)		NA
Balance at end of period	$	1,543	$	1,310	17.8	%	$	1,190	29.7	%	$	1,543	$	1,190	29.7	%

Investment Securities

Total investment securities were $160.0 million at December 31, 2025, an increase of $9.7 million, or 6.5%, from $150.3 million at September 30, 2025 and an increase of $13.7 million, or 9.3%, from $146.3 million at December 31, 2024.

The increase for the current quarter was primarily due to purchases of $16.8 million and a fair value increase of $759 thousand, partially offset by principal pay-downs of $7.8 million and net premium amortization of $38 thousand. The increase for the current year was primarily due to purchases of $31.7 million and a fair value increase of $6.3 million, partially offset by principal pay-downs of $24.2 million and net premium amortization of $146 thousand.

Deposits

The following table presents the Company’s deposit mix as of the dates indicated:


	12/31/2025				9/30/2025				12/31/2024
($ in thousands)	Amount		% to Total		Amount		% to Total		Amount		% to Total
Noninterest-bearing demand deposits	$	555,645	19.9	%	$	551,312	18.9	%	$	547,853	20.9	%
Interest-bearing deposits
Savings	6,077		0.2	%	5,287		0.2	%	5,765		0.2	%
NOW	13,928		0.5	%	13,411		0.5	%	13,761		0.5	%
Retail money market accounts	656,069		23.4	%	650,675		22.2	%	447,360		17.1	%
Brokered money market accounts	1		0.1	%	1		0.1	%	1		0.1	%
Retail time deposits of
$250,000 or less	574,519		20.6	%	580,300		19.9	%	493,644		18.9	%
More than $250,000	648,633		23.1	%	671,516		23.1	%	605,124		23.1	%

State and brokered time deposits	340,540		12.2	%	441,000		15.1	%	502,283		19.2	%
Total interest-bearing deposits	2,239,767		80.1	%	2,362,190		81.1	%	2,067,938		79.1	%
Total deposits	$	2,795,412	100.0	%	$	2,913,502	100.0	%	$	2,615,791	100.0	%

Estimated total deposits not covered by deposit insurance	$	1,270,159	45.4	%	$	1,275,127	43.8	%	$	1,036,451	39.6	%

Total retail deposits were $2.45 billion at December 31, 2025, a decrease of $17.6 million, or 0.7%, from $2.47 billion at September 30, 2025, but an increase of $341.4 million, or 16.2%, from $2.11 billion at December 31, 2024.

The decrease in retail time deposits for the current quarter was primarily due to matured and closed accounts of $433.7 million, partially offset by new accounts of $65.8 million, renewals of the matured accounts of $328.0 million and balance increases of $11.3 million. The increase for the current year was primarily due to new accounts of $460.6 million, renewals of the matured accounts of $1.17 billion and balance increases of $43.1 million, partially offset by matured and closed accounts of $1.55 billion.

Liquidity

The following table presents a summary of the Company’s liquidity position as of the dates indicated:


($ in thousands)	12/31/2025			12/31/2024			% Change
Cash and cash equivalents	$	207,142		$	198,792		4.2	%
Cash and cash equivalents to total assets	6.3		%	6.5		%

Available borrowing capacity
FHLB advances	$	840,607		$	722,439		16.4	%
Federal Reserve Discount Window	841,563			586,525			43.5	%
Overnight federal funds lines	65,000			50,000			30.0	%
Total	$	1,747,170		$	1,358,964		28.6	%
Total available borrowing capacity to total assets	53.2		%	44.4		%

Shareholders’ Equity

Shareholders’ equity was $390.0 million at December 31, 2025, an increase of $5.5 million, or 1.4%, from $384.5 million at September 30, 2025, and an increase of $26.2 million, or 7.2%, from $363.8 million at December 31, 2024. The increase for the current quarter was primarily due to net income, a decrease in accumulated other comprehensive loss of $553 thousand and proceeds from stock option exercises of $611 thousand, partially offset by repurchases of common stock of $2.1 million, cash dividends declared on common stock of $2.9 million and preferred stock dividends of $87 thousand. The increase for the current year was primarily due to net income, a decrease in accumulated other comprehensive loss of $4.5 million and proceeds from stock option exercises of $2.3 million, partially offset by repurchases of common stock of $7.1 million, cash dividends declared on common stock of $11.5 million and preferred stock dividends of $300 thousand.

Stock Repurchases

During the current year, the Company repurchased and retired 358,251 shares of common stock at a weighted-average price of $19.82, totaling $7.1 million. During the previous year, the Company repurchased and retired 14,947 shares of common stock at a weighted-average price of $14.88, totaling $222 thousand. As of December 31, 2025, the Company is authorized to purchase 219,526 additional shares under its current stock repurchase program, which expires on July 31, 2026.

Series C Preferred Stock

The Company began paying quarterly dividends on the Series C Preferred Stock in the second quarter of 2024. Preferred stock dividends were $87 thousand and $300 thousand for the current quarter and year, respectively. For the year-ago quarter and previous year, preferred stock dividends were $346 thousand and $834 thousand, respectively.

Capital Ratios

The following table presents capital ratios for the Company and the Bank as of the dates indicated:


	12/31/2025		9/30/2025		12/31/2024		Well Capitalized Minimum Requirements
PCB Bancorp
Common tier 1 capital (to risk-weighted assets)	11.46	%	11.52	%	11.44	%	6.50	%
Total capital (to risk-weighted assets)	15.13	%	15.24	%	15.24	%	10.00	%
Tier 1 capital (to risk-weighted assets)	13.89	%	14.00	%	14.04	%	8.00	%
Tier 1 capital (to average assets)	11.89	%	11.57	%	12.45	%	5.00	%
PCB Bank
Common tier 1 capital (to risk-weighted assets)	13.49	%	13.61	%	13.72	%	6.5	%
Total capital (to risk-weighted assets)	14.72	%	14.85	%	14.92	%	10.0	%
Tier 1 capital (to risk-weighted assets)	13.49	%	13.61	%	13.72	%	8.0	%
Tier 1 capital (to average assets)	11.55	%	11.25	%	12.16	%	5.0	%

About PCB Bancorp

PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impact of governmental monetary policy; any material weaknesses in the Company’s internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company’s ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; the ability of the Company to manage liquidity; changes in the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber-security risks; the Company's ability to successfully deploy new technology; acquisitions and branch and loan production office expansions; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company’s enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and other filings the Company makes with the SEC, which are available without charge at the SEC’s website (http://www.sec.gov) and on the investor relations section of the Company’s website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.

Contact:

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

PCB Bancorp and Subsidiary

Consolidated Balance Sheets (Unaudited)

($ in thousands, except share and per share data)


	12/31/2025			9/30/2025			% Change		12/31/2024			% Change
Assets
Cash and due from banks	$	25,319		$	24,366		3.9	%	$	27,100		(6.6)	%
Interest-bearing deposits in other financial institutions	181,823			345,132			(47.3)	%	171,692			5.9	%
Total cash and cash equivalents	207,142			369,498			(43.9)	%	198,792			4.2	%
Securities available-for-sale, at fair value	160,009			150,279			6.5	%	146,349			9.3	%
Loans held-for-sale	12,077			9,634			25.4	%	6,292			91.9	%
Loans held-for-investment	2,820,400			2,752,514			2.5	%	2,629,387			7.3	%
Allowance for credit losses on loans	(33,381)			(32,960)			1.3	%	(30,628)			9.0	%
Net loans held-for-investment	2,787,019			2,719,554			2.5	%	2,598,759			7.2	%
Premises and equipment, net	8,194			8,604			(4.8)	%	8,280			(1.0)	%
Federal Home Loan Bank and other bank stock	14,978			14,978			—	%	14,042			6.7	%

Bank-owned life insurance	32,796			32,525			0.8	%	31,766			3.2	%
Deferred tax assets, net	9,210			7,164			28.6	%	7,249			27.1	%
Servicing assets	5,627			5,883			(4.4)	%	5,837			(3.6)	%
Operating lease assets	17,158			17,136			0.1	%	17,254			(0.6)	%
Accrued interest receivable	10,669			10,829			(1.5)	%	10,466			1.9	%
Other assets	16,892			17,422			(3.0)	%	18,885			(10.6)	%
Total assets	$	3,281,771		$	3,363,506		(2.4)	%	$	3,063,971		7.1	%
Liabilities
Deposits
Noninterest-bearing demand	$	555,645		$	551,312		0.8	%	$	547,853		1.4	%
Savings, NOW and money market accounts	676,075			669,374			1.0	%	466,887			44.8	%
Time deposits of $250,000 or less	855,059			961,299			(11.1)	%	935,927			(8.6)	%
Time deposits of more than $250,000	708,633			731,517			(3.1)	%	665,124			6.5	%
Total deposits	2,795,412			2,913,502			(4.1)	%	2,615,791			6.9	%
Other short-term borrowings	—			—			—	%	15,000			(100.0)	%
Federal Home Loan Bank advances	34,000			—			NA		—			NA

Operating lease liabilities	18,996			18,961			0.2	%	18,671			1.7	%
Accrued interest payable and other liabilities	43,337			46,542			(6.9)	%	50,695			(14.5)	%
Total liabilities	2,891,745			2,979,005			(2.9)	%	2,700,157			7.1	%
Commitments and contingent liabilities
Shareholders’ equity
Preferred stock	69,141			69,141			—	%	69,141			—	%
Common stock	139,256			140,580			(0.9)	%	143,195			(2.8)	%
Retained earnings	186,485			180,189			3.5	%	160,797			16.0	%
Accumulated other comprehensive loss, net	(4,856)			(5,409)			(10.2)	%	(9,319)			(47.9)	%
Total shareholders’ equity	390,026			384,501			1.4	%	363,814			7.2	%
Total liabilities and shareholders’ equity	$	3,281,771		$	3,363,506		(2.4)	%	$	3,063,971		7.1	%

Outstanding common shares	14,230,428			14,277,164					14,380,651
Book value per common share (1)	$	27.41		$	26.93				$	25.30
TCE per common share (2)	$	22.55		$	22.09				$	20.49
Total loan to total deposit ratio	101.33		%	94.81		%			100.76		%
Noninterest-bearing deposits to total deposits	19.88		%	18.92		%			20.94		%

(1)The ratios are calculated by dividing total shareholders’ equity by the number of outstanding common shares. The Company had no intangible equity components for the presented periods.

(2)Non-GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.

PCB Bancorp and Subsidiary

Consolidated Statements of Income (Unaudited)

($ in thousands, except share and per share data)


	Three Months Ended													Year Ended
	12/31/2025			9/30/2025			% Change		12/31/2024			% Change		12/31/2025			12/31/2024			% Change
Interest and dividend income
Loans, including fees	$	45,648		$	46,193		(1.2)	%	$	42,309		7.9	%	$	180,345		$	164,301		9.8	%
Investment securities	1,516			1,474			2.8	%	1,388			9.2	%	5,860			5,328			10.0	%
Other interest-earning assets	2,701			3,804			(29.0)	%	2,622			3.0	%	11,331			11,188			1.3	%
Total interest income	49,865			51,471			(3.1)	%	46,319			7.7	%	197,536			180,817			9.2	%
Interest expense
Deposits	23,197			23,995			(3.3)	%	22,927			1.2	%	92,261			90,487			2.0	%
Other borrowings	41			498			(91.8)	%	228			(82.0)	%	1,397			1,713			(18.4)	%
Total interest expense	23,238			24,493			(5.1)	%	23,155			0.4	%	93,658			92,200			1.6	%
Net interest income	26,627			26,978			(1.3)	%	23,164			14.9	%	103,878			88,617			17.2	%
Provision (reversal) for credit losses	1,024			(381)			NA		2,002			(48.9)	%	4,028			3,401			18.4	%
Net interest income after provision (reversal) for credit losses	25,603			27,359			(6.4)	%	21,162			21.0	%	99,850			85,216			17.2	%
Noninterest income
Gain on sale of loans	648			1,617			(59.9)	%	1,161			(44.2)	%	4,617			3,752			23.1	%

Service charges and fees on deposits	416			377			10.3	%	404			3.0	%	1,540			1,545			(0.3)	%
Loan servicing income	741			719			3.1	%	861			(13.9)	%	2,945			3,365			(12.5)	%
BOLI income	271			259			4.6	%	246			10.2	%	1,030			949			8.5	%
Other income	469			442			6.1	%	371			26.4	%	1,704			1,482			15.0	%
Total noninterest income	2,545			3,414			(25.5)	%	3,043			(16.4)	%	11,836			11,093			6.7	%
Noninterest expense
Salaries and employee benefits	9,339			9,293			0.5	%	8,417			11.0	%	36,551			35,661			2.5	%
Occupancy and equipment	2,202			2,372			(7.2)	%	2,198			0.2	%	9,242			9,117			1.4	%
Professional fees	834			541			54.2	%	752			10.9	%	2,808			3,408			(17.6)	%
Marketing and business promotion	607			669			(9.3)	%	582			4.3	%	2,116			1,886			12.2	%
Data processing	351			333			5.4	%	205			71.2	%	1,334			1,499			(11.0)	%
Director fees and expenses	224			223			0.4	%	227			(1.3)	%	898			906			(0.9)	%
Regulatory assessments	389			373			4.3	%	322			20.8	%	1,464			1,256			16.6	%
Other expense	1,080			1,065			1.4	%	1,191			(9.3)	%	4,785			6,290			(23.9)	%
Total noninterest expense	15,026			14,869			1.1	%	13,894			8.1	%	59,198			60,023			(1.4)	%
Income before income taxes	13,122			15,904			(17.5)	%	10,311			27.3	%	52,488			36,286			44.7	%
Income tax expense	3,887			4,492			(13.5)	%	3,281			18.5	%	15,035			10,476			43.5	%
Net income	9,235			11,412			(19.1)	%	7,030			31.4	%	37,453			25,810			45.1	%
Preferred stock dividends	87			86			1.2	%	346			(74.9)	%	300			834			(64.0)	%
Net income available to common shareholders	$	9,148		$	11,326		(19.2)	%	$	6,684		36.9	%	$	37,153		$	24,976		48.8	%

Earnings per common share
Basic	$	0.64		$	0.79				$	0.47				$	2.59		$	1.75
Diluted	$	0.64		$	0.78				$	0.46				$	2.58		$	1.74
Average common shares
Basic	14,133,086			14,201,054					14,254,584					14,204,468			14,242,057
Diluted	14,235,867			14,325,956					14,406,756					14,279,130			14,342,361

Dividend paid per common share	$	0.20		$	0.20				$	0.18				$	0.80		$	0.72
ROAA (1)	1.11		%	1.35		%			0.94		%			1.15		%	0.90		%
ROAE (1)	9.45		%	11.92		%			7.69		%			9.93		%	7.26		%
ROATCE (1), (2)	11.40		%	14.46		%			9.02		%			12.07		%	8.72		%
Efficiency ratio (3)	51.51		%	48.92		%			53.02		%			51.16		%	60.20		%

(1)Ratios are presented on an annualized basis.

(2)Non-GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.

(3)The ratios are calculated by dividing noninterest expense by the sum of net interest income and noninterest income.

PCB Bancorp and Subsidiary

Average Balance, Average Yield, and Average Rate (Unaudited)

($ in thousands)


	Three Months Ended
	12/31/2025						9/30/2025						12/31/2024
	Average Balance		Interest Income/ Expense		Avg. Yield/Rate(6)		Average Balance		Interest Income/ Expense		Avg. Yield/Rate(6)		Average Balance		Interest Income/ Expense		Avg. Yield/Rate(6)
Assets
Interest-earning assets
Total loans (1)	$	2,810,897	$	45,648	6.44	%	$	2,784,148	$	46,193	6.58	%	$	2,538,310	$	42,309	6.63	%
Mortgage-backed securities	126,147		1,227		3.86	%	120,226		1,167		3.85	%	113,231		1,030		3.62	%
Collateralized mortgage obligation	19,064		184		3.83	%	19,957		197		3.92	%	21,819		228		4.16	%
SBA loan pool securities	4,338		36		3.29	%	4,686		41		3.47	%	6,253		62		3.94	%
Municipal bonds (2)	2,480		22		3.52	%	2,411		22		3.62	%	2,440		21		3.42	%
Corporate bonds	4,790		47		3.89	%	4,804		47		3.88	%	4,200		47		4.45	%
Other interest-earning assets	250,215		2,701		4.28	%	327,637		3,804		4.61	%	207,234		2,622		5.03	%
Total interest-earning assets	3,217,931		49,865		6.15	%	3,263,869		51,471		6.26	%	2,893,487		46,319		6.37	%
Noninterest-earning assets
Cash and due from banks	24,539						23,539						23,639
ACL on loans	(32,873)						(33,548)						(28,833)
Other assets	98,231						100,728						92,348
Total noninterest-earning assets	89,897						90,719						87,154
Total assets	$	3,307,828					$	3,354,588					$	2,980,641
Liabilities and Shareholders’ Equity
Interest-bearing liabilities
Deposits
NOW and money market accounts	$	683,325	6,073		3.53	%	$	612,527	5,698		3.69	%	$	479,238	4,479		3.72	%
Savings	5,329		3		0.22	%	5,519		3		0.22	%	5,952		4		0.27	%
Time deposits	1,622,769		17,121		4.19	%	1,708,124		18,294		4.25	%	1,501,711		18,444		4.89	%
Total interest-bearing deposits	2,311,423		23,197		3.98	%	2,326,170		23,995		4.09	%	1,986,901		22,927		4.59	%
Other borrowings	4,011		41		4.06	%	43,109		498		4.58	%	17,946		228		5.05	%
Total interest-bearing liabilities	2,315,434		23,238		3.98	%	2,369,279		24,493		4.10	%	2,004,847		23,155		4.59	%
Noninterest-bearing liabilities
Noninterest-bearing demand	537,968						541,243						543,971
Other liabilities	66,886						64,232						67,995
Total noninterest-bearing liabilities	604,854						605,475						611,966
Total liabilities	2,920,288						2,974,754						2,616,813
Total shareholders’ equity	387,540						379,834						363,828
Total liabilities and shareholders’ equity	$	3,307,828					$	3,354,588					$	2,980,641
Net interest income			$	26,627					$	26,978					$	23,164
Net interest spread (3)					2.17	%					2.16	%					1.78	%
Net interest margin (4)					3.28	%					3.28	%					3.18	%
Total deposits	$	2,849,391	$	23,197	3.23	%	$	2,867,413	$	23,995	3.32	%	$	2,530,872	$	22,927	3.60	%
Total funding (5)	$	2,853,402	$	23,238	3.23	%	$	2,910,522	$	24,493	3.34	%	$	2,548,818	$	23,155	3.61	%

(1)Total loans include both loans held-for-sale and loans held-for-investment.

(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.

(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.

(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.

(5)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.

(6)Annualized.

PCB Bancorp and Subsidiary

Average Balance, Average Yield, and Average Rate (Unaudited)

($ in thousands)


	Year Ended
	12/31/2025						12/31/2024
	Average Balance		Interest Income/ Expense		Avg. Yield/Rate		Average Balance		Interest Income/ Expense		Avg. Yield/Rate
Assets
Interest-earning assets
Total loans (1)	$	2,757,090	$	180,345	6.54	%	$	2,445,080	$	164,301	6.72	%
Mortgage-backed securities	119,335		4,614		3.87	%	107,768		3,780		3.51	%
Collateralized mortgage obligation	20,160		794		3.94	%	22,806		975		4.28	%
SBA loan pool securities	5,074		177		3.49	%	6,756		283		4.19	%
Municipal bonds (2)	2,424		87		3.59	%	2,917		102		3.50	%
Corporate bonds	4,660		188		4.03	%	4,208		188		4.47	%
Other interest-earning assets	247,358		11,331		4.58	%	203,279		11,188		5.50	%
Total interest-earning assets	3,156,101		197,536		6.26	%	2,792,814		180,817		6.47	%
Noninterest-earning assets
Cash and due from banks	23,999						23,044
ACL on loans	(32,267)						(28,397)
Other assets	99,631						90,425
Total noninterest-earning assets	91,363						85,072
Total assets	$	3,247,464					$	2,877,886
Liabilities and Shareholders’ Equity
Interest-bearing liabilities
Deposits
NOW and money market accounts	$	578,796	20,840		3.60	%	$	475,754	19,149		4.02	%
Savings	5,448		13		0.24	%	6,312		16		0.25	%
Time deposits	1,657,709		71,408		4.31	%	1,410,878		71,322		5.06	%
Total interest-bearing deposits	2,241,953		92,261		4.12	%	1,892,944		90,487		4.78	%
Other borrowings	30,619		1,397		4.56	%	31,033		1,713		5.52	%
Total interest-bearing liabilities	2,272,572		93,658		4.12	%	1,923,977		92,200		4.79	%
Noninterest-bearing liabilities
Noninterest-bearing demand	532,426						539,263
Other liabilities	65,476						59,026
Total noninterest-bearing liabilities	597,902						598,289
Total liabilities	2,870,474						2,522,266
Total shareholders’ equity	376,990						355,620
Total liabilities and shareholders’ equity	$	3,247,464					$	2,877,886
Net interest income			$	103,878					$	88,617
Net interest spread (3)					2.14	%					1.68	%
Net interest margin (4)					3.29	%					3.17	%
Total deposits	$	2,774,379	$	92,261	3.33	%	$	2,432,207	$	90,487	3.72	%
Total funding (5)	$	2,804,998	$	93,658	3.34	%	$	2,463,240	$	92,200	3.74	%

(1)Total loans include both loans held-for-sale and loans held-for-investment.

(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.

(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.

(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.

PCB Bancorp and Subsidiary

Non-GAAP Financial Measures

($ in thousands)

Return on average tangible common equity, tangible common equity per common share and tangible common equity to total assets ratios

The Company's TCE is calculated by subtracting preferred stock from shareholders’ equity. The Company had no intangible assets for the presented periods. ROATCE, TCE per common share, and TCE to total assets constitute supplemental financial information determined by methods other than in accordance with Generally Accepted Accounting Principles, or GAAP. These non-GAAP financial measures are used by management in its analysis of the Company's performance. These non-GAAP financial measures should not be viewed as substitutes for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. The following tables provide reconciliations of the non-GAAP financial measures with financial measures defined by GAAP.


($ in thousands)		Three Months Ended									Year Ended
		12/31/2025			9/30/2025			12/31/2024			12/31/2025			12/31/2024
Average total shareholders' equity	(a)	$	387,540		$	379,834		$	363,828		$	376,990		$	355,620
Less: average preferred stock	(b)	69,141			69,141			69,141			69,141			69,141
Average TCE	(c)=(a)-(b)	318,399			310,693			294,687			307,849			286,479
Net income	(d)	$	9,235		$	11,412		$	7,030		$	37,453		$	25,810
ROAE (1)	(d)/(a)	9.45		%	11.92		%	7.69		%	9.93		%	7.26		%
Net income available to common shareholders	(e)	9,148			11,326			6,684			37,153			24,976
ROATCE (1)	(e)/(c)	11.40		%	14.46		%	9.02		%	12.07		%	8.72		%

(1) Annualized.


($ in thousands, except per share data)		12/31/2025			9/30/2025			12/31/2024
Total shareholders' equity	(a)	$	390,026		$	384,501		$	363,814
Less: preferred stock	(b)	69,141			69,141			69,141
TCE	(c)=(a)-(b)	320,885			315,360			294,673
Outstanding common shares	(d)	14,230,428			14,277,164			14,380,651
Book value per common share	(a)/(d)	$	27.41		$	26.93		$	25.30
TCE per common share	(c)/(d)	22.55			22.09			20.49
Total assets	(e)	$	3,281,771		$	3,363,506		$	3,063,971
Total shareholders' equity to total assets	(a)/(e)	11.88		%	11.43		%	11.87		%
TCE to total assets	(c)/(e)	9.78		%	9.38		%	9.62		%

EX-99.2 3 pcbinvestordeck4q25a.htm EX-99.2 pcbinvestordeck4q25a

Earnings Results 4Q25 January 29, 2025 PCB BANCORP

2 Forward-Looking Statements & Non-GAAP Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impact of governmental monetary policy; material weaknesses in the Company's internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company’s ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures, that impact general sentiment regarding the stability and liquidity of banks that could affect our financial performance and our stock price; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; changes to the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber security risks; the Company's ability to successfully deploy new technology; the success of acquisitions and branch expansion; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company’s enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in various securities law filings made periodically by the Company, copies of which are available without charge on the SEC’s website at www.sec.gov and the on the investor relations section of the Company’s website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this presentation, and we do not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts or is subject to adjustments that have the effect of excluding amounts that are included in the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles, or GAAP. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are provided in the Non-GAAP Measures section of this presentation. References to the “Company,” “we,” or “us” refer to PCB Bancorp and references to the “Bank” refer to the Company’s subsidiary, PCB Bank.

Market Information 01/27/26 Market Cap $313.8 million Stock Price Per Share $22.06 52-Week Range $16.00 - $24.04 Dividend Yield 3.99% Dividend Payout Ratio (1Q25 – 4Q25) 32.10% Outstanding Shares 14,225,707 Stock Information 4Q25 or 12/31/25 Diluted Earnings Per Share (“Diluted EPS”) $0.64 Cash Dividend Per Share $0.20 Book Value (“BV”) Per Share $27.41 Tangible Common Equity (“TCE”) Per Share (1) $22.55 Number of Repurchased Shares (2) 102,484 (1) Not presented in accordance with GAAP. See “Non-GAAP Measures” for reconciliation of this measure to its most comparable GAAP measure. (2) As of 12/31/25, the Company is authorized to purchase an additional 219,526 shares under the current stock repurchase program. PCB Footprint Corporate Profile 3

Historical Performance $1.73 $2.05 $2.32 $2.63 $2.82 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2021 2022 2023 2024 2025 Held-For-Investment Loans ($bn) $1.87 $2.05 $2.35 $2.62 $2.80 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2021 2022 2023 2024 2025 Deposits ($bn) $40.1 $35.0 $30.7 $25.8 $37.5 $52.4 $53.0 $43.1 $39.7 $56.5 0.000 10.000 20.000 30.000 40.000 50.000 60.000 2021 2022 2023 2024 2025 Net Income/PTPP Income ($mm) Net Income PTPP Income CAGR +13.0% CAGR +10.6% $0.44 $0.60 $0.69 $0.72 $0.80$2.62 $2.31 $2.12 $1.74 $2.58 $17.24 $22.94 $24.46 $25.30 $27.41 $18.21 $19.62 $20.49 $22.55 -$5.00 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 2021 2022 2023 2024 2025 Cash Dividend/Diluted EPS & BV/TCE Per Share Cash Dividend Per Share Diluted EPS BV Per Share TCE Per Share (1) At period end. (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures. (1), (2)(1) (2) 4

4Q25 Highlights Operating Results • Net income available to common shareholders of $9.1 million, or $0.64 per diluted share • Provision for credit losses of $1.0 million • Return on Average Assets (“ROAA”) of 1.11%, Return on Average TCE (“ROATCE”)(1) of 11.40%, net interest margin of 3.28%, and efficiency ratio(1) of 51.51% Loans • Loans held-for-investment (“HFI loans”) increased $67.9 million, or 2.5%, to $2.82 billion from 9/30/25 • Average loan yield was 6.44% compared to 6.58% for 3Q25 • Total loans to deposits ratio was 101.33% • Quarterly loan production was $158.8 million for 4Q25 compared to $136.7 million for 3Q25 Asset Quality • ACL on loans was $33.0 million, or 1.18% to HFI loans • Past due loans were $955 thousand, or 0.03% of HFI loans and NPLs were $7.9 million, or 0.28% of HFI loans Deposits • Total deposits decreased $118.1 million, or 4.1%, to $2.80 billion from 9/30/25 • Core deposits(1) were $1.81 billion, or 64.6% of total deposits • Noninterest-bearing deposits were $555.6 million, or 19.9% of total deposits • Uninsured deposits were $1.27 billion, or 45.4% of total deposits • Cost of average interest-bearing deposits and total deposits were 3.98% and 3.23%, respectively Capital & Liquidity • Declared and paid quarterly cash dividend of $0.20 per share • TCE per share(2) was $22.55 • Maintained available borrowing capacity of $1.75 billion, or 53.2% of total assets (1) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation to most comparable GAAP measure. 5

Selected Financial As of or For the Three Months Ended Compared to 9/30/25 Compared to 12/31/24 ($ in Thousands, Except Per Share Data) 12/31/25 9/30/25 12/31/24 Amount Percentage Amount Percentage Income Statement Summary: Interest Income $ 49,865 $ 51,471 $ 46,319 $ (1,606) -3.1% $ 3,546 7.7% Interest Expense 23,238 24,493 23,155 (1,255) -5.1% 83 0.4% Net Interest Income 26,627 26,978 23,164 (351) -1.3% 3,463 14.9% Noninterest Income 2,545 3,414 3,043 (869) -25.5% (498) -16.4% Noninterest Expense 15,026 14,869 13,894 157 1.1% 1,132 8.1% Provision for Credit Losses 1,024 (381) 2,002 1,405 -368.8% (978) -48.9% Pretax Income 13,122 15,904 10,311 (2,782) -17.5% 2,811 27.3% Income Tax Expense 3,887 4,492 3,281 (605) -13.5% 606 18.5% Net Income 9,235 11,412 7,030 (2,177) -19.1% 2,205 31.4% Preferred Stock Dividends 87 86 346 1 1.2% (259) -74.9% Net Income Available to Common Shareholders 9,148 11,326 6,684 (2,178) -19.2% 2,464 36.9% Diluted EPS $ 0.64 $ 0.78 $ 0.46 $ (0.14) -17.9% $ 0.18 39.1% Selected Balance Sheet Items: HFI loans $ 2,820,400 $ 2,752,514 $ 2,629,387 $ 67,886 2.5% $ 191,013 7.3% HFS loans 12,077 9,634 6,292 2,443 25.4% 5,785 91.9% Total Deposits 2,795,412 2,913,502 2,615,791 (118,090) -4.1% 179,621 6.9% Total Assets 3,280,610 3,363,506 3,063,971 (82,896) -2.5% 216,639 7.1% Shareholders’ Equity 390,026 384,501 363,814 5,525 1.4% 26,212 7.2% TCE (1), (2) 320,885 315,360 294,673 5,525 1.8% 26,212 8.9% Key Metrics: BV Per Share $ 27.41 $ 26.93 $ 25.30 $ 0.48 1.8% $ 2.11 8.3% TCE Per Share (1) $ 22.55 $ 22.09 $ 20.49 $ 0.46 2.1% $ 2.06 10.1% ROAA (2) 1.11% 1.35% 0.94% -0.24% 0.17% Return on Average Equity (“ROAE”) (2) 9.45% 11.92% 7.69% -2.47% 1.76% ROATCE (1), (2) 11.40% 14.46% 9.02% -3.06% 2.38% Net Interest Margin (2) 3.28% 3.28% 3.18% 0.00% 0.10% Efficiency Ratio (3) 51.51% 48.92% 53.02% 2.59% -1.51% (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures. (2) Annualized. (3) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. 6

$1,614 $1,631 $1,661 $1,752 $1,815 $1,886 $1,878 $1,904 $372 $417 $407 $473 $495 $493 $465 $509$412 $401 $398 $404 $418 $416 $410 $408$2,398 $2,449 $2,466 $2,629 $2,728 $2,795 $2,753 $2,820 0 500 1,000 1,500 2,000 2,500 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 HFI Loan Trend ($mm) Commercial Real Estate Commercial & Industrial Consumer 7 Loan Overview YoY +7.3% (1) Per regulatory definition in the Commercial Real Estate (“CRE”) Concentration Guidance. $1,103 $1,081 $1,100 $1,175 $1,220 $1,274 $1,264 $1,285 289% 281% 282% 297% 304% 313% 306% 308% 0% 50% 100% 150% 200% 250% 300% 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1,000.0 1,100.0 1,200.0 1,300.0 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Commercial Real Estate(1) Loan Trend ($mm) CRE Loans % to the Bank's Total Risk-Based Capital Commercial Property 38% Business Property 23% Multifamily 6% Construction 1% Commercial & Industrial 18% Consumer 14% HFI Loan Composition December 31, 2025 $2.82B 4Q25 Highlights • HFI loans increased $67.9 million, or 2.5%, to $2.82 billion in 4Q25 • CRE loans increased $26.0 million (1.4%), C&I loans increased $43.2 million (9.3%) but consumer loans decreased $1.4 million (0.3%)

8 Loan Production & Rate/Yield Analysis (1) Total commitment basis. (2) Include both HFI and HFS loans. (3) Annualized. $11 $0 $9 $28 $44 $5 $23 $24 $7 $30 $80 $62 $55 $41 $48 $119 $66 $163 $122 $72 $50 $91 $91 $154 $73 $195 $211 $161 $149 $137 $161 8.40% 8.78% 7.56% 7.23% 7.04% 6.97% 7.36% 6.50% -8% -6% -4% -2% 0% 2% 4% 6% 8% 0 50 100 150 200 250 300 350 400 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 New Production(1) by Rate Type ($mm) Fixed Hybrid Variable WA Rate Fixed (WA Rate: 5.60%) 17% Variable (WA Rate: 6.93%) 43% Hybrid (WA Rate: 5.57%) 40% HFI Loans Interest Rate Mix 20% 19% 18% 18% 18% 18% 18% 18% 39% 37% 38% 37% 38% 38% 40% 40% 41% 44% 44% 45% 44% 44% 42% 43% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 HFI Loans Interest Rate Mix Trend Fixed Hybrid Variable December 31, 2025 HFI Loans WA Rate 6.16% Repricing Schedule (12/31/25) HFI Loans HFS Loans Total Loans ($ in thousands) Carrying Value WA Rate Carrying Value WA Rate Carrying Value WA Rate Less Than 3 Months $ 1,113,635 6.93% $ 12,077 8.47% $ 1,125,712 6.94% 3 to 12 Months 393,149 4.70% 0 393,149 4.70% 1 to 3 Years 580,827 5.52% 0 580,827 5.52% 3 to 5 Years 682,154 6.34% 0 682,154 6.34% More than 5 Years 50,635 5.35% 0 50,635 5.35% Total $ 2,820,400 6.16% $ 12,077 8.47% $ 2,832,477 6.17% Loan Yield Analysis 4Q25 2025 ($ in thousands) Amount(2) Yield(3) Amount(2) Yield(3) Average Carrying Value $ 2,810,897 $ 2,757,090 Interest on Loans $ 44,647 6.30% $ 176,186 6.39% Fee (Cost) 224 0.03% 1,142 0.04% Prepayment Penalty & Late Charges 31 0.01% 226 0.01% Discount (Premium) 746 0.10% 2,791 0.10% Total Interest & Fees $ 45,648 6.44% $ 180,345 6.54%

Carrying Value % to Total Count WA LTV(1) WA Rate Maturing ($ in thousands) 1 Year 1-3 Years 3-5 Years 5 Years Retail (More Than 50%) $ 394,800 20.6% 332 47.6% 5.92% $ 44,056 $ 69,077 $ 162,407 $ 119,260 Industrial 285,383 15.0% 164 48.1% 5.75% 42,919 61,676 97,479 83,309 Mixed Use 204,722 10.8% 150 44.7% 6.00% 34,369 57,140 51,039 62,174 Apartments 156,482 8.2% 66 53.5% 5.30% 11,101 47,874 62,592 34,915 Motel & Hotel 152,321 8.0% 99 45.7% 6.90% 5,096 47,702 39,278 60,245 Office 150,662 7.9% 65 52.4% 6.25% 28,490 20,828 59,817 41,527 Gas Station 122,681 6.4% 126 46.0% 6.85% 10,071 16,159 31,877 64,574 Medical 62,086 3.3% 31 44.0% 6.68% 17,407 24,671 9,524 10,484 Golf Course 47,331 2.5% 8 37.3% 5.50% 1,375 8,866 36,642 448 Commercial Condominium 45,238 2.4% 44 49.4% 6.07% 9,250 5,723 23,895 6,370 Auto (Sales, Repair, & etc.) 39,055 2.1% 32 50.3% 5.43% 668 20,250 11,880 6,257 Car Wash 36,671 1.9% 27 48.1% 6.33% 8,201 2,866 14,008 11,596 Spa, Sauna, & Oher Self-Care 33,386 1.8% 8 49.3% 6.18% 0 8,026 17,622 7,738 Nursing Facility 26,009 1.4% 8 49.9% 6.31% 0 18,644 0 7,365 Wholesale 23,491 1.2% 15 38.2% 5.55% 2,190 3,654 13,406 4,241 Church 18,654 1.0% 18 36.6% 6.42% 1,661 399 7,477 9,117 Others 104,627 5.5% 75 52.7% 6.69% 27,077 11,246 20,364 45,940 Total $ 1,903,599 100.0% 1,268 47.8% 6.08% $ 243,931 $ 424,801 $ 659,307 $ 575,560 Loan Concentration (1) Collateral value at origination. Los Angeles County 61% Orange County 9% Riverside County 4% San Bernardino County 4% Northern CA Counties 1% Other CA Counties 1% NY/NJ 7% Texas 6% Washington 3% Other States 4% Commercial Real Estate Loans Geographic Concentration (12/31/25) $1.90B CA: $1.51B (79%) Commercial Real Estate Loans by Property Type (12/31/25) ($ in thousands) Carrying Value WA LTV(1) WA FICO Residential Mortgage $ 401,337 58.0% 761 Residential Mortgage Loans (12/31/25) 9

Loan Concentration Carrying Value % to Total WA Rate WA Month to Maturity($ in thousands) Finance & Insurance $ 160,678 31.6% 6.27% 7 General Manufacturing & Wholesale Trade 113,679 22.3% 6.61% 42 Retail Trade 60,111 11.8% 7.02% 33 Food Services 45,113 8.9% 7.64% 45 Real Estate Related 41,802 8.2% 6.62% 20 Arts, Entertainment, & Recreation 26,174 5.1% 7.32% 5 Professional, Scientific, & Technical Services 15,740 3.1% 7.03% 19 Construction 11,632 2.3% 7.02% 26 Transportation & Warehousing 9,582 1.9% 7.53% 27 Other Services 8,532 1.7% 7.38% 26 All Other 15,619 3.1% 7.13% 193 Total $ 508,662 100.0% 6.75% 29 Los Angeles County 44% Orange County 12% Other CA Counties 8% Northern CA Counties 7% San Bernardino County 2% Riverside County 0% NY/NJ 7% Georgia 7% Texas 4% Other States 9% Commercial & Industrial Loans Geographic Concentration (12/31/25) Commercial & Industrial Loans by Industry Type (12/31/25) $509MM CA: $373MM (73%) 10

Credit Quality & Peer(1) Comparison $4.9 $7.5 $7.1 $4.7 $6.2 $8.9 $8.2 $7.9 0 1 2 3 4 5 6 7 8 9 10 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Non-Performing Assets (“NPAs”) ($mm) 0.17% 0.26% 0.24% 0.15% 0.20% 0.27% 0.24% 0.24% 0% 0% 0% 0% 0% 0% 0% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 NPAs to Total Assets 1.18% 1.17% 1.17% 1.16% 1.17% 1.20% 1.20% 1.18% 1% 1% 1% 1% 1% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 ACL on Loans to HFI Loans 574% 383% 437% 653% 511% 376% 404% 422% 0 1 2 3 4 5 6 7 8 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 ACL on Loans to Non-Performing HFI Loans (1) Korean-American banks operating in Southern California. (2) Source: UBPR. (3) PCB Bank’s Peer Group per UBPR. (4) Source: press releases concerning financial performance. (3) 11 1.78% 1.76% 1.43% 0.95% 0.73% 0.46% 0.33% 0.28% 0.28% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% CBB USM Open Hope Peer Shinhan Hanmi Woori PCB NPAs / (Total Loans + OREO)(2) December 31, 2025 Peer Information: September 30, 2025 1.62% 1.30% 0.77% 0.39% 0.28% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% CBB Hope Open Hanmi PCB Classified Assets to Total Assets(4) December 31, 2025 Peer Information: September 30, 2025

Deposits (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure. $538 $544 $540 $548 $564 $576 $551 $566 $484 $484 $492 $467 $513 $551 $669 $676 $1,021 $1,036 $1,073 $1,099 $1,185 $1,205 $1,252 $1,223 $360 $343 $355 $502 $452 $491 $441 $341$2,403 $2,407 $2,460 $2,616 $2,714 $2,823 $2,914 $2,795 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Deposit Trend ($mm) Noninterest DDA Retail Other Interest-Bearing Retail Time Deposits Wholesale Deposits Noninterest DDA 20% Retail Other Interest-Bearing 24% Retail Time Deposits 44% Wholesale Deposits 12% Deposit Composition $2.81B $1,494 $1,503 $1,525 $1,508 $1,610 $1,683 $1,801 $1,806 62% 63% 62% 58% 59% 60% 62% 65% 0% 10% 20% 30% 40% 50% 60% 70% 80% $500 $700 $900 $1,100 $1,300 $1,500 $1,700 $1,900 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Core Deposits(1) ($mm) Core Deposits % to Total Deposits Time Deposit Maturity Schedule (12/31/25) Retail Wholesale Total ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate Less Than 3 Months $ 442,933 4.28% $ 110,000 4.13% $ 552,933 4.25% 3 to 6 Months 293,514 4.08% 170,540 4.05% 464,054 4.07% 6 to 9 Months 221,920 4.21% 0 221,920 4.21% 9 to 12 Months 260,369 3.81% 60,000 3.76% 320,369 3.80% More than 12 Months 4,416 3.41% 0 4,416 3.41% Total $ 1,223,152 4.12% $ 340,540 4.02% $ 1,563,692 4.10% YoY +6.9% 4Q25 Highlights • Total deposits decreased $118.1 million (4.1%) from 9/30/25 • Retail deposits decreased $17.6 million (0.7%), and wholesale deposits decreased $100.5 million (22.8%) from 9/30/25 • Uninsured deposits were $1.27 billion (45.4% of total deposits) at 12/31/25 compared to $1.28 billion (43.8% of total deposits) at 9/30/25 December 31, 2025 12

Profitability (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to its most comparable GAAP measures. $4.7 $6.3 $7.8 $7.0 $7.7 $9.1 $11.4 $9.2 $7.6 $9.0 $10.7 $12.3 $12.4 $14.5 $15.5 $14.1 0 2 4 6 8 10 12 14 16 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net Income PTPP Net Income & PTPP(1) Income ($mm) $0.33 $0.43 $0.52 $0.46 $0.53 $0.62 $0.78 $0.64 $0.53 $0.62 $0.72 $0.83 $0.85 $1.00 $1.07 $0.98 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Diluted EPS Adjusted Diluted EPS Diluted EPS & Adjusted Diluted EPS(1) 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% 1.35% 1.11% 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% 1.84% 1.70% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 ROAA Adjusted ROAA ROAA & Adjusted ROAA(1) 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% 16.21% 14.48% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 ROAE Adjusted ROAE ROAE & Adjusted ROAE(1) 4Q25 Highlights • Net interest income decreased $1.6 million, noninterest income decreased $869 thousand, and noninterest expense increased $157 thousand compared to 3Q25 13

Noninterest Income & Expense $20.8 $13.6 $13.5 $24.5 $16.6 $26.9 $29.0 $13.2 $25.1 $12.7 $19.8 $39.3 $26.4 $31.0 $38.8 $18.1 6.0% 7.8% 8.8% 7.8% 7.3% 6.5% 6.4% 5.8% 3.9% 5.6% 5.6% 4.7% 5.3% 5.4% 5.6% 4.9% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 0 10 20 30 40 50 60 4Q23 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 SBA 7(A) Loans ($mm) Sold Production Premium % Gain % $9.2 $9.2 $8.8 $8.4 $9.1 $8.8 $9.3 $9.3 $7.2 $6.0 $5.8 $5.5 $5.4 $6.0 $5.6 $5.7 2.33% 2.13% 2.04% 1.86% 1.87% 1.84% 1.77% 1.82% 0% 1% 1% 2% 2% 3% 0 2 4 6 8 10 12 14 16 18 20 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest Expense Trend ($mm) Compensation All Other Expenses % to Average Total Assets 68.3% 62.7% 57.6% 53.0% 53.9% 50.6% 48.9% 51.5% 66.1% 65.3% 64.7% 64.4% 59.7% 58.5% 57.6% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Efficiency Ratio (2) PCB Peer Average 272 265 264 262 257 266 270 264 200 210 220 230 240 250 260 270 280 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Number of FTE(3) Employees (1) Annualized. (2) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. Peer average data from UBPR. (3) Full-time equivalent. (1) $1.8 $1.7 $1.8 $1.8 $1.7 $1.8 $1.6 $1.9 $1.1 $0.8 $0.8 $1.2 $0.9 $1.5 $1.8 $0.6 37% 31% 29% 38% 34% 44% 47% 25% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 0 1 1 2 2 3 3 4 4 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest Income Trend ($mm) All Other Income Gain on Sale of Loans % of Gain on Sale of Loans 14

3.28% 3.28% -0.12% -0.03% +0.09% +0.06% 2.80% 2.90% 3.00% 3.10% 3.20% 3.30% 3.40% 3Q25 Loan Yield Other Earning Assets Yield Int-Bearing Liabilities Cost Balance Sheet Mix 4Q25 Quarter-over-Quarter Impact to Net Interest Margin(1) Net Interest Margin (1) Annualized. 6.66% 6.77% 6.82% 6.63% 6.59% 6.56% 6.58% 6.44% 3.10% 3.16% 3.25% 3.18% 3.28% 3.33% 3.28% 3.28% 4.85% 4.86% 4.85% 4.59% 4.28% 4.14% 4.10% 3.98% 3.76% 3.81% 3.79% 3.61% 3.45% 3.35% 3.34% 3.23% 5.33% 5.33% 5.26% 4.65% 4.33% 4.33% 4.29% 3.90% 2% 3% 4% 5% 6% 7% 8% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Yield & Cost(1) Loan Yield Net Interest Margin Cost of Interest-Bearing Liabilities Cost of Funds Average Fed Funds Rate 4Q25 Highlights • Net interest income decreased $351 thousand to $26.7 million for 4Q25 from $27.0 million for 3Q25. • Net interest margin stayed constant at 3.28% for 4Q25 compared to 3Q25. The decreases in average yield on loan and other earning asset average yield were offset by a decrease in interest- bearing liabilities cost were offset by a decrease in average cost of interest-bearing liabilities and improved balance sheet mix. 15

Capital 11.89% 11.46% 13.89% 15.13% 11.55% 13.49% 13.49% 14.72% 5.00% 6.50% 8.00% 10.00% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Tier 1 Leverage CET 1 Capital Tier 1 Capital Total Capital Regulatory Capital Ratios Consolidated Bank Minimum Requirement For Well-Capitalized $24.54 $24.80 $25.39 $25.30 $25.78 $26.26 $26.93 27.41 $19.69 $19.95 $20.55 $20.49 $20.97 $21.44 $22.09 22.55 $12 $14 $16 $18 $20 $22 $24 $26 $28 $30 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Book Value/TCE Per Share(1) BV Per Share TCE Per Share December 31, 2025 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% 11.43% 11.89% 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% 9.38% 9.78% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Total Equity/TCE to Total Assets(1) Total Equity to Total Assets TCE to Total Assets (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure. 16

Non-GAAP Financial Measures To supplement the financial information presented in accordance with GAAP, we use certain non-GAAP financial measures. Management believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. Risks associated with non-GAAP measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. In the information below, we provide reconciliations of the non-GAAP financial measures used in this presentation to the most direct comparable GAAP measures. Core Deposits Core Deposits is a non-GAAP measure that we use to measure the portion of our total deposits that is thought to be more stable, lower cost and reprice less frequently on average in a rising rate environment. We calculate core deposits as total deposits less time deposits greater than $250,000 and brokered deposits. We track core deposits because we believe it is a useful measure to help assess the Company’s deposit base and, among other things, potential volatility therein. TCE, ROATCE, TCE Per Share and TCE to Total Assets TCE, ROATCE, TCE per share and TCE to total assets are non-GAAP measures that we use to measure the Company’s performance. We calculated TCE as total shareholders’ equity excluding preferred stock. Management believes the non-GAAP measures provide useful supplemental information and a clearer understanding of the Company’s performance. PTPP Income, and Adjusted ROAA, ROAE and Diluted EPS for PTPP PTPP income, and adjusted ROAA, ROAE and Diluted EPS are non-GAAP measures that we use to measure the Company’s performance and believe these presentations provide useful supplemental information and a clearer understanding of the Company’s performance. We calculated PTPP income as net income excluding income tax provision and provision for loan losses. 17

Non-GAAP Financial Measures The following table reconciles core deposits to its most comparable GAAP measure: ($ in thousands) Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Total Deposits (d) $ 2,402,840 $ 2,406,254 $ 2,459,682 $ 2,615,791 $ 2,714,399 $ 2,822,915 $ 2,913,502 $ 2,795,412 Less: Time Deposits Greater Than $250K (609,550) (619,832) (640,166) (665,124) (712,458) (709,160) (731,517) (708,633) Less: Brokered Deposits (299,776) (283,033) (295,080) (442,284) (392,284) (431,001) (381,001) (280,541) Core Deposits (e) $ 1,493,514 $ 1,503,389 $ 1,524,436 $ 1,508,383 $ 1,609,657 $ 1,682,754 $ 1,800,984 $ 1,806,238 Core Deposits to Total Deposits (e)/(d) 62.2% 62.5% 62.0% 57.7% 59.3% 59.6% 61.8% 64.6% The following table reconciles ROATCE to its most comparable GAAP measure: ($ in thousands) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Average Total Shareholders' Equity (a) $ 349,644 $ 351,221 $ 357,376 $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 Less: Average Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 Average TCE (Non-GAAP) (b) $ 280,503 $ 282,080 $ 288,235 $ 294,687 $ 298,569 $ 303,488 $ 310,693 $ 318,399 Net Income (c) $ 4,685 $ 6,281 $ 7,814 $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,234 ROAE (1) (c)/(a) 5.32% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% Net Income Available to Common Shareholders (d) $ 4,685 $ 6,139 $ 7,468 $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 ROATCE (Non-GAAP)(1) (d)/(b) 6.63% 8.75% 10.31% 9.02% 10.45% 11.87% 14.46% 11.40% The following table reconciles TCE per share and TCE to total assets to their most comparable GAAP measures: ($ in thousands, except per share data) Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Total Shareholders' Equity (a) $ 350,005 $ 353,469 $ 362,300 $ 363,814 $ 370,864 $ 376,500 $ 384,501 $ 392,026 Less: Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 TCE (Non-GAAP) (b) $ 280,864 $ 284,328 $ 293,159 $ 294,673 $ 301,723 $ 307,359 $ 315,360 $ 320,885 Outstanding Shares (c) 14,263,791 14,254,024 14,266,725 14,380,651 14,387,176 14,336,602 14,277,164 14,230,428 Book Value Per Share (a)/(c) $ 24.54 $ 24.80 $ 25.39 $ 25.30 $ 25.78 $ 26,26 $ 26.93 $ 27.41 TCE Per Share (Non-GAAP) (b)/(c) $ 19.69 $ 19.95 $ 20.55 $ 20.49 $ 20.97 $ 21,44 $ 22.09 $ 22.55 Total Assets (d) $ 2,854,292 $ 2,852,964 $ 2,889,833 $ 3,063,971 $ 3,183,758 $ 3,305,589 $ 3,363,506 $ 3,281,771 Total Shareholders’ Equity to Total Assets (a)/(d) 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% 11.43% 11.88% TCE to Total Assets (Non-GAAP) (b)/(d) 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% 9.38% 9.78% (1) Annualized. 18

Non-GAAP Financial Measures (1) Provision (reversal) for credit losses does not include provision (reversal) for off-balance sheet credit exposures for years ended December 31, 2020, 2021 and 2022. (2) Annualized. The following table reconciles PTPP income, and adjusted ROAA, ROAE and diluted EPS for PTPP to their most comparable GAAP measures: ($ in thousands) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net Income (a) $ 4,685 $ 6,281 $ 7,814 $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,235 Add: Provision (Reversal) for Credit Losses 1,090 259 50 2,002 1,598 1,787 (381) 1,024 Add: Income Tax Provision 1,817 2,505 2,873 3,281 3,056 3,600 4,492 3,887 PTPP Income (Non-GAAP) (b) $ 7,592 $ 9,045 $ 10,737 $ 12,313 $ 12,389 $ 14,458 $ 15,523 $ 14,146 Average Total Assets (c) $ 2,809,808 $ 2,853,152 $ 2,866,707 $ 2,980,641 $ 3,097,516 $ 3,226,395 $ 3,354,588 $ 3,307,828 ROAA (2) (a)/(c) 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% 1.35% 1.11% Adjusted ROAA (Non-GAAP)(2) (b)/(c) 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% 1.84% 1.70% Average Total Shareholders' Equity (d) $ 349,644 $ 351,221 $ 357,376 $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 ROAE (2) (a)/(d) 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% Adjusted ROAE (Non-GAAP)(2) (b)/(d) 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% 16.21% 14.48% Net Income available to common shareholders $ 4,685 $ 6,139 $ 7,468 $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 Less: Income Allocated to Participating Securities (9) (11) (11) (16) (61) (72) (91) (73) Net Income Allocated to Common Stock (e) 4,676 6,128 7,457 6,668 7,634 8,912 11,235 9,075 Add: Provision for Loan Losses 1,090 259 50 2,002 1,598 1,787 (381) 1,024 Add: Income Tax Provision 1,817 2,505 2,873 3,281 3,056 3,600 4,492 3,887 PTPP Income Allocated to Common Stock (f) $ 7,583 $ 8,892 $ 10,380 $ 11,951 $ 12,288 $ 14,299 $ 15,346 $ 13,986 WA common shares outstanding, diluted (g) 14,330,204 14,312,949 14,356,384 14,406,756 14,403,769 14,326,011 14,325,956 14,235,867 Diluted EPS (e)/(g) $ 0.33 $ 0.43 $ 0.52 $ 0.46 $ 0.53 $ 0.62 $ 0.78 $ 0.64 Adjusted Diluted EPS (Non-GAAP) (f)/(g) $ 0.53 $ 0.62 $ 0.72 $ 0.83 $ 0.85 $ 1.00 $ 1.07 $ 0.98 19 ($ in thousands) 2020 2021 2022 2023 2024 2025 Net Income $ 16,175 $ 40,103 $ 34,987 $ 30,705 $ 25,810 $ 37,453 Add: Provision (Reversal) for Credit Losses(1) 13,219 (4,596) 3,602 (132) 3,401 4,028 Add: Income Tax Provision 6,836 16,856 14,416 12,557 10,476 15,035 PTPP Income (Non-GAAP) $ 36,230 $ 52,363 $ 53,005 $ 43,130 $ 39,687 $ 56,516

EX-99.3 4 pcbpr20260129dividend.htm EX-99.3 Document

Exhibit 99.3

PCB Bancorp Declares 10% Increase in Quarterly Cash Dividend to $0.22 Per Common Share

Los Angeles, California - January 29, 2026 - PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank, announced that on January 28, 2026, its Board of Directors declared a quarterly cash dividend of $0.22 per common share. The dividend will be paid on or about February 20, 2026, to shareholders of record as of the close of business on February 13, 2026.

“I am pleased to announce another increase in our quarterly cash dividend to $0.22 per common share from $0.20 per common share for the first quarter of 2026,” said Henry Kim, President and Chief Executive Officer. “We are committed to making corporate decisions that directly benefit our shareholders.”

About PCB Bancorp

Cautionary Note Regarding Forward-Looking Statements

Contact:

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000