- Bank of Southern California press release ( OTCPK:BCAL ): Q4 GAAP EPS of $0.46.
- Revenue of $25.46M (+22.1% Y/Y).
- Net interest margin of 4.62%, compared with 4.32% in the prior quarter; average loan yield of 5.47% compared with 5.09% in the prior quarter
- Efficiency ratio of 51.9%, down 3.6% from the prior quarter
- Tangible book value per common share ("TBV") (non-GAAP) of $12.32 at December 31, 2022, up $0.57 from $11.75 at September 30, 2022
- Provision for loan losses of $650 thousand commensurate with loan growth; the provision was $1.3 million in the prior quarter
- Total assets of $2.28 billion, relatively flat from September 30, 2022
- Total loans, including loans held for sale, increased to $1.91 billion, up $57.5 million or 3.11% from September 30, 2022
- Nonperforming assets to total assets ratio of 0.002% at December 31, 2022 and September 30, 2022
- Total deposits of $1.93 billion, down $88.2 million or 4.4%, compared to $2.02 billion at September 30, 2022
- Noninterest-bearing demand deposits were $923.9 million, representing 47.8% of total deposits, compared to $993.2 million, or 49.2% of total deposits at September 30, 2022
- Cost of deposits was 0.51%, up from 0.25% in the prior quarter
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Bank of Southern California GAAP EPS of $0.46, revenue of $25.46M