Added to YB: 2025-11-14
Pitch date: 2025-11-13
BCAL [neutral]
California BanCorp
Author Info
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Company Info
California BanCorp operates as the bank holding company for California Bank of Commerce, N.A. that provides various financial products to individuals, professionals, and small- to medium-sized businesses in California, the United States.
Market Cap
$611.8M
Pitch Price
N/A
Price Target
N/A
Dividend
2.10%
EV/EBITDA
N/A
P/E
10.39
EV/Sales
N/A
Sector
Banks
Category
value
Banking on Execution
BCAL (overview): CA community bank post-merger w/ CALB, leveraging complementary Bay Area & SoCal branches. 4.52% NIM (vs 3.66% peer avg) from 37% non-interest deposits, 1.59% funding cost. 72% CRE/C&I loans, 48% LTV, <0.1% net charge-offs. 14.4% ROTE, 51.8% efficiency ratio. 12-15% normalized ROTE sustainable. Fair value at 1.5x P/TB, 12x P/E. 10-14% IRR expected. Opportunistic buy <1.0x P/TB for 15-20% IRR.
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