PCB Bancorp (NASDAQ:PCB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$24.0m (flat on 2Q 2023).

• Net income: US$6.13m (down 18% from 2Q 2023).

• Profit margin: 26% (down from 31% in 2Q 2023).

• EPS: US$0.43 (down from US$0.52 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PCB Bancorp EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for PCB Bancorp that you should be aware of.

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