California Bancorp (NASDAQ: BCAL), the holding company for California Bank of Commerce, N.A., announced that its Board of Directors approved a first‑ever quarterly cash dividend of $0.10 per share. The dividend will be paid on January 15 2026 to shareholders of record as of December 24 2025. The board approved the dividend on December 4 2025, and the announcement was made publicly on December 8 2025.
The dividend follows a strong Q3 2025 earnings report in which the company posted net income of $15.7 million, a turnaround from a $16.5 million loss in Q3 2024, and revenue of $45.1 million. EPS of $0.48 beat consensus estimates of $0.39, underscoring disciplined cost management and a favorable mix of commercial banking products.
Executive Chairman David Rainer said the dividend reflects the robust performance of the company’s relationship‑based banking franchise and serves as a tool for managing its strong capital position. He added that the move demonstrates the company’s confidence in its continued growth prospects while rewarding shareholders.
The dividend marks a milestone in California Bancorp’s evolution from a regional bank holding company to a mature, shareholder‑friendly institution. By returning cash to investors, the company signals its ability to generate excess cash and its commitment to delivering long‑term value.
With a single operating segment focused on commercial banking, California Bancorp’s earnings growth and capital strength provide a solid foundation for the dividend. The move is expected to attract income‑seeking investors and reinforce the company’s reputation as a stable, growth‑oriented bank holding company.
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