PBAM Q3 EPS $1.97 as Criticized Loans Jump to 3.29% of Portfolio
PBAM sits 52% above its 52-week low of $54.45.
Summary
Private Bancorp of America earned $11.4M ($1.97 per diluted share) in Q3 2026, down from $2.27 in Q2 but up year over year, while criticized loans rose to 3.29% of the portfolio and nonperforming assets ticked up to 1.58% of total assets.
Key Events · Earnings and Guidance · PBAM
-
Q3 EPS $1.97, Net Income $11.4M
Diluted EPS fell from $2.27 in Q2 2026 but rose from $1.65 in Q3 2025; net income of $11.4M produced a 1.65% return on average assets and 15.62% return on average tangible common equity.
-
Criticized Loans Jump to 3.29%
Criticized loans rose $13.9M to $71.9M (3.29% of total loans) from $58.0M (2.72%) at June 30, 2026, driven by a Chapter 11 bankruptcy on two related real estate investor loans totaling $8.8M and delinquencies on two SBA 504 loans totaling $3.7M.
-
Provision Expense $1.3M on CECL Switch
A $1.3M provision replaced a $0.2M reversal last quarter; the new CECL model effective July 1, 2026 added roughly $0.8M to the unfunded commitment reserve. Allowance for loan losses rose to 1.45% of loans HFI from 1.43%.
-
NPAs Rise to 1.58% of Assets
Nonperforming assets increased $2.8M to $43.3M, or 1.58% of total assets, from 1.50% at June 30, 2026, on a $1.9M increase in nonaccrual loans and a $0.9M increase in other real estate owned.
Analysis · PBAM · Finance
Net income of $11.4M ($1.97 per diluted share) was down from $13.1M ($2.27) in Q2 but up from $9.7M ($1.65) a year ago, and the bank still earns a 1.65% return on assets and 15.62% on tangible common equity. The problem line is credit: criticized loans jumped $13.9M in the quarter to $71.9M, or 3.29% of total loans, after a Chapter 11 bankruptcy hit two related real estate investor loans ($8.8M) and two SBA 504 loans went delinquent ($3.7M). Nonperforming assets rose to 1.58% of total assets and the bank booked a $1.3M provision versus a small reversal last quarter. Management says reserves are more than adequate and 85% of classified loans are real-estate secured at a 62% weighted-average LTV, but the direction of credit metrics is the key swing factor for a bank trading at a premium to tangible book.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, 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 filing was assessed with neutral market sentiment and an importance score of 7 out of 10.