PCB Bancorp Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

The quarterly results for PCB Bancorp (NASDAQ:PCB) were released last week, making it a good time to revisit its performance. Revenues were US$25m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$0.52 were also better than expected, beating analyst predictions by 16%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for PCB Bancorp

Taking into account the latest results, the most recent consensus for PCB Bancorp from three analysts is for revenues of US$109.2m in 2025. If met, it would imply a notable 15% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to accumulate 7.3% to US$1.82. Before this earnings report, the analysts had been forecasting revenues of US$109.1m and earnings per share (EPS) of US$1.90 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.

Althoughthe analysts have revised their earnings forecasts for next year, they've also lifted the consensus price target 19% to US$20.00, suggesting the revised estimates are not indicative of a weaker long-term future for the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the PCB Bancorp's past performance and to peers in the same industry. It's clear from the latest estimates that PCB Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 7.8% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.7% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that PCB Bancorp is expected to grow much faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for PCB Bancorp. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for PCB Bancorp going out to 2026, and you can see them free on our platform here..

You should always think about risks though. Case in point, we've spotted 2 warning signs for PCB Bancorp you should be aware of.

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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.