California BanCorp Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

California BanCorp (NASDAQ:BCAL) Full Year 2024 Results

Key Financial Results

• Revenue: US$106.1m (up 9.8% from FY 2023).
• Net income: US$5.43m (down 79% from FY 2023).
• Profit margin: 5.1% (down from 27% in FY 2023).
• EPS: US$0.22 (down from US$1.42 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

California BanCorp EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 9.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - California BanCorp has 3 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.