This company has been acquired
California BanCorp Balance Sheet Health
Financial Health criteria checks 5/6
California BanCorp has total assets of $1.9B and total equity of $195.5M. Total deposits are $1.6B, and total loans are $1.5B earning a Net Interest Margin of 3.9%. It has insufficient allowance for bad loans, which are currently at 1.5% of total loans. Cash and short-term investments are $231.7M.
Key information
9.8x
Asset to equity ratio
3.9%
Net interest margin
| Total deposits | US$1.64b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 1.5% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | US$231.75m |
Recent financial health updates
Recent updates
California BanCorp GAAP EPS of $0.51, revenue of $5.6M
Jul 28Should Shareholders Reconsider California BanCorp's (NASDAQ:CALB) CEO Compensation Package?
May 14
Update: California BanCorp (NASDAQ:CALB) Stock Gained 42% In The Last Five Years
Mar 10Have Insiders Been Buying California BanCorp (NASDAQ:CALB) Shares?
Feb 03
What You Need To Know About California BanCorp's (NASDAQ:CALB) Investor Composition
Dec 30Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CALB's Assets to Equity ratio (9.8x) is low.
Allowance for Bad Loans: CALB has a low allowance for bad loans (75%).
Low Risk Liabilities: 95% of CALB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CALB has an appropriate level of Loans to Assets ratio (77%).
Low Risk Deposits: CALB's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: CALB has an appropriate level of bad loans (1.5%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/02 13:01 |
| End of Day Share Price | 2024/07/31 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
California BanCorp is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Tenner | D.A. Davidson & Co. |
| Benjamin Gerlinger | Hovde Group, LLC |
| Christopher McGratty | Keefe, Bruyette, & Woods |