The recent quarter saw a decrease in the provision for credit losses to $1.6 million, down from $2.0 million in the previous quarter. This marks a slight increase from the $1.1 million reported during the same period last year. The ratio of Allowance for Credit Losses on loans to those held for investment was 1.17% as of March 31, 2025, showing a marginal uptick from 1.16% at the end of 2024, but a slight decline from 1.18% recorded in March 2024.
Net interest income for the current quarter increased to $24.3 million, improving from $23.2 million in the preceding quarter and $21.0 million in the previous year. Additionally, the net interest margin expanded to 3.28%, compared to 3.18% last quarter and 3.10% a year ago.
The overall financial results indicate a positive trend in income and a controlled approach to credit loss provisioning.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for PCB Bancorp (PCB, Financial) is $21.00 with a high estimate of $21.00 and a low estimate of $21.00. The average target implies an upside of 10.76% from the current price of $18.96. More detailed estimate data can be found on the PCB Bancorp (PCB) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, PCB Bancorp's (PCB, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PCB Bancorp (PCB, Financial) in one year is $21.22, suggesting a upside of 11.92% from the current price of $18.96. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PCB Bancorp (PCB) Summary page.
