California BanCorp has concluded 2025 with notable financial achievements and a strong commitment to shareholder value. The institution reported impressive fourth-quarter results on January 28, showcasing earnings of $16.4 million, which translates to $0.50 per diluted share. Demonstrating its dedication to returning capital to investors, the bank executed share repurchases totaling 122,428 shares at an average price of $16.37, amounting to $2.0 million under its existing buyback initiative. Furthermore, the board of directors approved a quarterly dividend of $0.10 per common share, distributing a total of $3.3 million. The tangible book value per share, a key non-GAAP metric, reached $13.79 by December 31, 2025, marking a $0.40 increase from the preceding quarter.
Management hailed 2025 as a pivotal year, primarily due to the successful integration of a significant merger completed in 2024. This strategic expansion broadened the bank's operational footprint across vital markets in California. The bank strategically de-risked its loan portfolio, enhancing overall credit quality and decreasing its reliance on more costly brokered deposits. Simultaneously, it bolstered its core deposit base, effectively lowering its funding expenses. With the addition of seasoned bankers to its Northern California team, California BanCorp is keenly focused on fostering organic growth in both loans and deposits, maintaining a positive outlook for its long-term trajectory.
California BanCorp's strategic initiatives in 2025, marked by judicious merger integration, proactive risk management, and a focus on core business expansion, exemplify sound financial stewardship. These efforts not only stabilized the institution but also positioned it for sustained profitability and growth, demonstrating a commitment to enhancing shareholder wealth and contributing positively to the economic landscape it serves. This approach reinforces the idea that strategic planning and adaptability are crucial for long-term success in the dynamic financial sector.