California Bancorp Reports Net Income of $16.8 Million for the Fourth Quarter and $5.4 Million for the 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, compared to net income of $25.9 million, or $1.39 per diluted share for the full year of 2023.

Important Notice

Due to a widespread outage, the Online Wire Module is not available at this time.

If you need to initiate an outgoing wire, our team will be happy to assist.

Please reach out to your Banking Services Officer, Relationship Manager or Branch Representative.

Note: Only Online Wire services are impacted. Online ACH services remain fully operational.