Southern California Bancorp
- Open
- 20.82
- Day high
- 21.22
- Day low
- 20.75
- Prev close
- 20.84
- Volume
- 75K
- Mkt cap
- $680M
- P/E (TTM)
- 11.4
- EPS (TTM)
- $1.85
- P/B
- 1.2
- P/S
- 2.9
- Yield
- 1.42%
- Per share
- $0.30
- ▼Insiders net selling -$1.8M over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Southern California Bancorp (BCAL) is a Financial Services company listed on NASDAQ. The stock is up 29% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Southern California Bancorp (BCAL) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BCAL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.41 | $0.42 | +2.4% | $44M | +0.2% |
| Mar 13, 2026 | — | $0.50 | — | $55M | — |
| Apr 24, 2025 | $0.38 | $0.52 | +36.8% | $59M | +32.8% |
| Jan 29, 2025 | $0.44 | $0.53 | +20.5% | $46M | -2.9% |
| Mar 15, 2024 | $0.30 | $0.24 | -20.0% | $22M | -6.6% |
| Oct 26, 2023 | $0.37 | $0.35 | -5.4% | $24M | -4.1% |
| Sep 19, 2023 | $0.40 | $0.36 | -10.0% | $25M | -3.1% |
| Jun 20, 2023 | — | $0.44 | — | $26M | — |
| Jun 30, 2022 | — | $-0.04 | — | $22M | — |
| Mar 31, 2022 | — | $0.08 | — | $19M | — |
BCAL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | Wirfel Michelleofficer: EVP, Chief Operating Officer | Tax | 93 | $19.74 |
| Jun 8, 2026 | Carandang Jeanofficer: Bank Chief Financial Officer | Tax | 1,185 | $19.39 |
| Jun 3, 2026 | Klein Rochelle G.director | Grant | 3,196 | — |
| Jun 3, 2026 | Armanino Andrew J.director | Grant | 3,196 | — |
| Jun 3, 2026 | Cortese Stephen A.director | Grant | 3,196 | — |
| Jun 3, 2026 | Volk David J.director | Grant | 3,196 | — |
| Jun 3, 2026 | Cullen Kevin J.director | Grant | 3,196 | — |
| Jun 3, 2026 | Di Tomaso Frankdirector | Grant | 3,196 | — |
| Jun 3, 2026 | Williams Anne Adirector | Grant | 3,196 | — |
| Jun 3, 2026 | Muller Frank L.director | Grant | 3,196 | — |
| Jun 3, 2026 | Machado Lesterdirector | Grant | 3,196 | — |
| May 26, 2026 | Cullen Kevin J.director | Grant | 1,040 | — |
| May 26, 2026 | Cortese Stephen A.director | Grant | 1,040 | — |
| May 26, 2026 | Armanino Andrew J.director | Grant | 1,040 | — |
| May 12, 2026 | Hernandez Richardofficer: President | Sell | 17,000 | $19.12 |
Source: BCAL SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full BCAL insider & 13F page →Southern California Bancorp company profile
Overview
Southern California Bancorp (NASDAQ:BCAL) is a regional bank holding company founded in 2001 and headquartered in San Diego, California. The company went public in 2005 and operates as the parent company of Bank of Southern California, N.A., which provides traditional banking services across Southern California's major metropolitan areas including San Diego, Orange, Ventura, Los Angeles, and Riverside counties, as well as the Inland Empire region.
Business
Southern California Bancorp operates in the regional banking industry, which sits between large national banks and small community banks in terms of size and geographic scope. Regional banks like BCAL serve specific geographic markets and focus on relationship-based banking with local businesses and consumers. The company's core business revolves around traditional commercial banking services delivered through Bank of Southern California, N.A. The bank operates as a full-service financial institution offering deposit products including checking accounts, personal and business savings accounts, money market accounts, and certificates of deposit. These deposit products serve as the primary funding source for the bank's lending activities. On the lending side, the bank provides commercial and consumer credit products including home equity lines of credit, business loans and lines of credit, commercial real estate loans, construction loans, and Small Business Administration (SBA) loans. The bank also issues personal and business credit cards and provides letters of credit for commercial customers. Beyond traditional banking, BCAL offers treasury management and specialized services such as cash vault services, sweep accounts for automated cash management, remote deposit capture allowing businesses to deposit checks electronically, lockbox services for payment processing, courier services, and merchant payment processing services. The bank also provides modern digital banking through online and mobile platforms to serve customers who prefer self-service banking options. The company operates through a single business segment focused on community and commercial banking, with revenue derived primarily from net interest income (the difference between interest earned on loans and interest paid on deposits) and fee-based services.
Revenue model
Southern California Bancorp generates revenue through the traditional banking business model centered on net interest income and fee-based services. The primary revenue driver is net interest income, which represents the spread between interest rates charged on loans and credit facilities versus interest rates paid to depositors. This spread, known as the net interest margin, typically accounts for the majority of a regional bank's revenue. The bank's paying customers include individuals, professionals, and small-to-medium sized businesses throughout Southern California. Business customers pay for commercial loans, lines of credit, treasury management services, and specialized services like lockbox processing and merchant services. Individual consumers pay interest on personal loans, home equity lines of credit, and credit cards while also generating fee income through account maintenance and transaction fees. Fee-based revenue streams include service charges on deposit accounts, credit card fees, SBA loan origination fees, treasury management service fees, remote deposit capture fees, courier service charges, and merchant processing fees. These non-interest revenues provide some diversification from pure interest rate dependency. Several factors significantly impact the bank's profitability margins. Interest rate environment is the most critical factor - rising rates generally benefit banks by expanding net interest margins, while falling rates compress margins. Credit quality directly affects profitability through loan loss provisions, with economic downturns typically requiring higher reserves for potential defaults. Deposit competition from other banks, credit unions, and money market funds can pressure funding costs and reduce margins. Regulatory compliance costs represent a significant fixed expense that can impact smaller regional banks disproportionately. Local economic conditions in Southern California markets affect both loan demand and credit quality, while real estate market cycles particularly impact commercial real estate lending, which appears to be a significant component of the bank's loan portfolio.
Competitive moat
Southern California Bancorp operates in the highly competitive regional banking sector with relatively limited sustainable competitive advantages. The company's primary moat stems from local market relationships and geographic positioning in affluent Southern California markets. Regional banks like BCAL can compete effectively against larger national banks by offering more personalized service, faster decision-making, and deeper local market knowledge. The bank's presence across multiple Southern California counties provides some diversification within a generally prosperous economic region. However, this moat is relatively narrow and faces significant challenges. Competitive pressures come from multiple directions: large national banks with superior technology platforms and pricing power, credit unions offering tax-advantaged pricing, and emerging fintech companies providing digital-first banking experiences. The banking industry has low barriers to entry for well-capitalized competitors, and customer switching costs are relatively modest. Regulatory barriers provide some protection by making it expensive and time-consuming for new entrants to obtain banking charters, but this advantage is shared with all existing banks. The company's deposit franchise provides some stability, as established banking relationships tend to be somewhat sticky, particularly for business customers using multiple services. The bank's moat is further weakened by its limited scale compared to larger regional and national competitors. With approximately $4 billion in assets, BCAL lacks the resources to invest heavily in technology, marketing, or geographic expansion that larger competitors can deploy. The company is also vulnerable to interest rate cycles and local economic downturns, which can quickly erode profitability and competitive positioning. Overall, while BCAL benefits from local market presence, its competitive advantages are modest and constantly under pressure from larger, better-resourced competitors.
Risks & safety
Southern California Bancorp presents a moderate margin of safety profile typical of smaller regional banks, with some concerning volatility in recent performance. • Solvency and liquidity position: The bank maintains adequate capital ratios with a debt-to-equity ratio of 0.16 as of Q1 2025, indicating conservative leverage. Cash and short-term investments of $80.4 million provide reasonable liquidity, though this represents a significant portion of the bank's funding needs. • Earnings volatility: Recent quarters show concerning inconsistency, with Q3 2024 posting a $5.1 million net loss and negative EBITDA of $21.8 million, followed by recovery in Q4 2024 and Q1 2025 with profits of $16.8 million and $16.9 million respectively. • Valuation metrics: Current P/E ratio of 6.87 and price-to-book ratio of 0.87 suggest the stock trades at a discount to book value, potentially indicating market concerns about asset quality or future profitability. • Credit risk considerations: The significant quarterly earnings swings suggest potential asset quality issues or large provision expenses that could indicate underlying loan portfolio stress. • Scale limitations: At $4 billion in assets, the bank lacks the scale economies of larger competitors, making it vulnerable to economic downturns and competitive pressures.
Recent development
Based on the available financial data, Southern California Bancorp has experienced significant operational volatility over the past two years. The most notable development was the substantial loss in Q3 2024, where the company reported a net loss of $5.1 million and negative EBITDA of $21.8 million, representing a dramatic departure from the bank's historically profitable operations. The company appears to have recovered from this setback by Q4 2024 and Q1 2025, returning to profitability with consistent quarterly net income around $16.8 million. This recovery suggests the Q3 2024 loss may have been related to specific provisions or one-time charges rather than fundamental business deterioration. Asset growth has been substantial, with total assets expanding from $2.3 billion in 2022 to over $4 billion by 2024, representing significant organic growth or potential acquisition activity. This rapid expansion coincided with the operational challenges experienced in 2024, suggesting possible growing pains or integration issues. The bank's capital position has remained relatively stable throughout this period, with debt-to-equity ratios staying in the 0.16-0.18 range, indicating management has maintained conservative leverage despite the asset growth. Cash flow generation has been inconsistent, with strong positive operating cash flows in most periods but negative flows during the challenging Q3 2024 period. Without access to detailed earnings call transcripts, the specific strategic initiatives driving the asset growth and the nature of the Q3 2024 challenges remain unclear, but the recent recovery suggests management has addressed the operational issues that caused the temporary setback.
BCAL company profile · for informational purposes only — not investment advice.
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