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1. Company Snapshot

1.a. Company Description

PCB Bancorp operates as the bank holding company for Pacific City Bank that provides various banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California.The company offers demand, savings, money market, and time deposits, as well as certificates of deposit; and remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.It also provides real estate loans, including commercial and residential, Small Business Administration (SBA) property, and construction loans; commercial and industrial loans, such as commercial term and lines of credit, SBA commercial term, and SBA Paycheck Protection Program loans; and other consumer loans comprising automobile secured loans and personal loans.


In addition, the company offers access to account balances, online transfers, and online bill payment and electronic delivery of customer statements; and mobile banking solutions that include remote check deposit and mobile bill pay.Further, it provides automated teller machines; and banking by telephone, mail, personal appointment, debit cards, direct deposit, and cashier's checks, as well as treasury management, wire transfer, and automated clearing house services.The company operates through a network of 11 full-service branches in Los Angeles and Orange counties, California; and one full-service branch in each of Englewood Cliffs, New Jersey, and Bayside, New York.


It also operates 10 loan production offices in Irvine, Artesia, and Los Angeles, California; Annandale, Virginia; Atlanta, Georgia; Chicago, Illinois; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas; and New York, New York.The company was formerly known as Pacific City Financial Corporation and changed its name to PCB Bancorp in July 2019.PCB Bancorp was founded in 2003 and is headquartered in Los Angeles, California.

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1.b. Last Insights on PCB

PCB Bancorp's recent performance was driven by record earnings for Q3 2025, with net income available to common shareholders totaling $11.3 million, or $0.78 per diluted common share. This represents a significant beat over estimates, with earnings surpassing the Zacks Consensus Estimate of $0.61 per share. A quarterly cash dividend of $0.20 per common share was also declared, demonstrating the company's commitment to shareholder returns. The bank's strong earnings reflect its solid financial position and ability to navigate the current business environment effectively.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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5 Undervalued Stocks With Low Price-to-Sales Ratios & Strong Momentum

Dec -03

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Head to Head Analysis: California Business Bank (OTCMKTS:CABB) & PCB Bancorp (NASDAQ:PCB)

Dec -01

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5 Value Stocks With Compelling Price-to-Sales Ratios & Growth Ahead

Nov -19

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Acadian Asset Management LLC Raises Holdings in PCB Bancorp $PCB

Nov -14

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PCB Bancorp (PCB) Q3 Earnings Surpass Estimates

Oct -23

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PCB Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share

Oct -23

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PCB Bancorp Reports Record Earnings for Q3 2025

Oct -23

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Bayer settles Sky Valley cases over chemical PCB

Aug -18

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.00%)

6. Segments

Banking and Related Activities

Expected Growth: 7%

PCB Bancorp's 7% growth in Banking and Related Activities is driven by increasing demand for commercial loans, expansion into new markets, and strategic partnerships. Additionally, the company's focus on digital transformation, improved operational efficiency, and enhanced customer experience have contributed to its growth. Furthermore, a favorable interest rate environment and a strong balance sheet have enabled the bank to capitalize on growth opportunities.

7. Detailed Products

Commercial Banking

PCB Bancorp offers a range of commercial banking services, including cash management, treasury management, and lending solutions, to help businesses manage their finances and achieve their goals.

Consumer Banking

PCB Bancorp provides consumer banking services, including checking and savings accounts, credit cards, and personal loans, to help individuals manage their personal finances.

Mortgage Lending

PCB Bancorp offers mortgage lending services, including residential and commercial mortgages, to help individuals and businesses finance their property purchases.

Wealth Management

PCB Bancorp provides wealth management services, including investment management, financial planning, and retirement planning, to help individuals and families achieve their long-term financial goals.

Treasury Management

PCB Bancorp offers treasury management services, including cash management, foreign exchange, and trade finance, to help businesses manage their financial risks and optimize their cash flow.

8. PCB Bancorp's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for PCB Bancorp is medium due to the presence of alternative banking services and financial institutions.

Bargaining Power Of Customers

The bargaining power of customers for PCB Bancorp is low due to the lack of concentration of buyers and the presence of multiple banking options.

Bargaining Power Of Suppliers

The bargaining power of suppliers for PCB Bancorp is medium due to the presence of multiple suppliers and the moderate level of dependence on them.

Threat Of New Entrants

The threat of new entrants for PCB Bancorp is high due to the low barriers to entry and the presence of new fintech companies.

Intensity Of Rivalry

The intensity of rivalry for PCB Bancorp is high due to the presence of multiple competitors and the high level of competition in the banking industry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 22.54%
Debt Cost 7.16%
Equity Weight 77.46%
Equity Cost 7.16%
WACC 7.16%
Leverage 29.10%

11. Quality Control: PCB Bancorp passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
PCB Bank

A-Score: 7.3/10

Value: 7.4

Growth: 6.8

Quality: 6.0

Yield: 8.0

Momentum: 7.5

Volatility: 8.0

1-Year Total Return ->

Stock-Card
Timberland Bancorp

A-Score: 6.7/10

Value: 5.7

Growth: 5.9

Quality: 7.2

Yield: 7.0

Momentum: 6.5

Volatility: 7.7

1-Year Total Return ->

Stock-Card
First Financial

A-Score: 6.6/10

Value: 7.2

Growth: 6.1

Quality: 5.8

Yield: 8.0

Momentum: 5.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
Peoples Bancorp

A-Score: 6.4/10

Value: 6.7

Growth: 5.4

Quality: 6.0

Yield: 8.0

Momentum: 4.0

Volatility: 8.3

1-Year Total Return ->

Stock-Card
CNB Financial

A-Score: 6.1/10

Value: 6.7

Growth: 4.9

Quality: 6.7

Yield: 6.0

Momentum: 5.0

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Premier Financial

A-Score: 5.4/10

Value: 5.1

Growth: 3.2

Quality: 5.5

Yield: 6.0

Momentum: 7.0

Volatility: 5.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

21.55$

Current Price

21.55$

Potential

-0.00%

Expected Cash-Flows