Private Bancorp of America (PBAM) Q2 2025 earnings summary

Executive summary

• Net income for Q2 2025 was $10.4M, up 33.5% year-over-year, with diluted EPS of $1.77, up from $1.35 in Q2 2024.

• Return on average assets was 1.69% and return on average tangible common equity was 17.44% for Q2 2025.

• Core deposits grew 18.8% year-over-year to $2.07B, while total deposits rose 8.1% year-over-year to $2.16B.

• Net interest margin reached 4.94%, up from 4.48% in Q2 2024, driven by higher loan yields and lower funding costs.

• Recognized as a top community bank nationally, with industry-leading service metrics and client satisfaction.

Financial highlights

• Net interest income for Q2 2025 was $30.1M, up 22.1% year-over-year.

• Noninterest income was $1.7M, with $523K net gain on SBA loan sales.

• Noninterest expense increased to $15.7M, mainly due to higher compensation and professional services.

• Efficiency ratio was 49.27% for Q2 2025, compared to 49.46% in Q2 2024.

• Total assets were $2.45B as of June 30, 2025, up from $2.29B a year earlier.

Outlook and guidance

• Management anticipates continued investment in people and technology to support growth and risk management.

• New office opening in Santa Barbara County expected in Q3 2025.

• Cautious approach to loan growth due to economic uncertainty and market pricing.