Private Bancorp Posts $1.97 Q3 EPS, Topping Prior Quarter's $2.27 Run-Rate
PBAM sits 52% above its 52-week low of $54.45.
Summary
Private Bancorp of America reported third-quarter net income of $11.4 million and EPS of $1.97. That compares with $2.27 in Q2, when net income was $13.1 million and the bank had just completed its Nasdaq uplisting in late July. The Q3 figure is the first hard earnings print since the Q2 10-Q filed September 4, which showed net income up 25.5% year over year and improving asset quality. For a roughly $482 million market cap bank, a single quarter's EPS is a meaningful data point on whether the growth trend is holding. No revenue, net interest margin, or provision detail is in the headline, so the quality of the beat or miss versus consensus is not yet clear. Watch for the full Q3 release and any update on the $10 million buyback authorized in August.
Updates
· SEC 8-K — Criticized loans rose to $71.9 million, or 3.29% of total loans, from 2.72% at June 30, 2026; net interest margin was 5.05% and provision expense $1.3 million.
At the time of this announcement, PBAM was trading at $82.90 on NASDAQ in the Finance sector, with a market capitalization of approximately $482.4M. The 52-week trading range was $54.45 to $92.09. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.