# EDGAR Filing Document

**Accession Number:** 0001423869
**File Stem:** 0001423869-25-000047
**Filing Date:** 2025-10
**Character Count:** 106456
**Document Hash:** c2ac9ccae2e0531c416d352e9b925df3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001423869-25-000047.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001423869-25-000047

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20251022

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PCB BANCORP
- **CENTRAL INDEX KEY:** 0001423869
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 208856755
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38621
- **FILM NUMBER:** 251413214

**BUSINESS ADDRESS:**
- **STREET 1:** 3701 WILSHIRE BLVD
- **STREET 2:** SUITE 900
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90010
- **BUSINESS PHONE:** 213-210-2000

**MAIL ADDRESS:**
- **STREET 1:** 3701 WILSHIRE BLVD
- **STREET 2:** SUITE 900
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PACIFIC CITY FINANCIAL CORP
- **DATE OF NAME CHANGE:** 20080114

?xml version='1.0' encoding='ASCII'? pcb-20251022

    

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d)**

**of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event Reported): October 22, 2025** 

**PCB BANCORP**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **California**<br>**(State or other jurisdiction of** <br>**incorporation)** | **001-38621**<br>**(Commission**<br>**File Number)** | **20-8856755**<br>**(I.R.S. Employer** <br>**Identification No.)** |
| **3701 Wilshire Boulevard, Suite 900**<br>**Los Angeles, California**<br>**(Address of principal offices)** | | **90010**<br>**(Zip Code)** |

---

**Registrant's telephone number, including area code: (213) 210-2000** 

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>Common stock, no par value</u> <u>PCB</u> <u>Nasdaq Global Select Market</u>

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02 Results of Operations and Financial Condition.**

On October 23, 2025, PCB Bancorp, a California corporation (the "Company"), issued a press release concerning its unaudited results for the third quarter of 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

The information in this report set forth under this Item 2.02 and in Exhibit 99.1 shall not be treated as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly stated by specific reference in such filing.

**Item 7.01 Regulation FD Disclosure.**

Attached as Exhibit 99.2, and incorporated herein by reference, is a copy of an investor presentation that may be utilized by management at future discussions with investors. The information in this report set forth under this Item 7.01 and in Exhibit 99.2 shall not be treated as "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except expressly stated by specific reference in such filing.

**Item 8.01 Other Events.**

*Common Stock Dividend*

On October 23, 2025, the Company issued a press release announcing that on October 22, 2025, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about November 14, 2025, to shareholders of record as of the close of business on November 7, 2025. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

99.1&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press release of PCB Bancorp, issued](pcbpr20251023earnings.htm)[October](pcbpr20251023earnings.htm)[2](pcbpr20251023earnings.htm)[3](pcbpr20251023earnings.htm)[, 2025, concerning the results of operations and financial condition for the](pcbpr20251023earnings.htm)[third](pcbpr20251023earnings.htm)[quarter of 2025](pcbpr20251023earnings.htm)</u>

99.2&nbsp;&nbsp;&nbsp;&nbsp;<u>[Investor presentation of PCB Bancorp concerning the unaudited results for the](pcbinvestordeck3q25.htm)[third](pcbinvestordeck3q25.htm)[quarter of 2025](pcbinvestordeck3q25.htm)</u>

99.3&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press release of PCB Bancorp, issued](pcbpr20251023dividend.htm)[O](pcbpr20251023dividend.htm)[ctober](pcbpr20251023dividend.htm)[2](pcbpr20251023dividend.htm)[3](pcbpr20251023dividend.htm)[, 2025, announcing the declaration of a quarterly cash dividend](pcbpr20251023dividend.htm)</u>

104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document)

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | | **PCB Bancorp** |
| Date: | October 23, 2025 | /s/ Timothy Chang |
| | | Timothy Chang |
| | | Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![pcbbancorp.jpg](pcbbancorp.jpg)

**PCB Bancorp Reports Record Earnings for Q3 2025** 

Los Angeles, California - October 23, 2025 - PCB Bancorp (the "Company") (NASDAQ: PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $11.3 million, or $0.78 per diluted common share, for the third quarter of 2025, compared with $9.0 million, or $0.62 per diluted common share, for the previous quarter and $7.5 million, or $0.52 per diluted common share, for the year-ago quarter.

**Q3 2025 Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Net income available to common shareholders totaled $11.3 million, or $0.78 per diluted common share, for the current quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Provision (reversal) for credit losses was $(381) thousand for the current quarter compared with $1.8 million for the previous quarter and $50 thousand for the year-ago quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Allowance for Credit Losses ("ACL") on loans to loans held-for-investment ratio was 1.20% at September 30, 2025 compared with 1.20% at June 30, 2025, 1.16% at December 31, 2024 and 1.17% at September 30, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income was $27.0 million for the current quarter compared with $26.0 million for the previous quarter and $22.7 million for the year-ago quarter. Net interest margin was 3.28% for the current quarter compared with 3.33% for the previous quarter and 3.25% for the year-ago quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gain on sale of loans was $1.6 million for the current quarter compared with $1.5 million for the previous quarter and $750 thousand for the year-ago quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Total assets were $3.36 billion at September 30, 2025, an increase of $57.9 million, or 1.8%, from $3.31 billion at June 30, 2025, an increase of $299.5 million, or 9.8%, from $3.06 billion at December 31, 2024, and an increase of $473.7 million, or 16.4%, from $2.89 billion at September 30, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans held-for-investment were $2.75 billion at September 30, 2025, a decrease of $42.8 million, or 1.5%, from $2.80 billion at June 30, 2025, but an increase of $123.1 million, or 4.7%, from $2.63 billion at December 31, 2024 and an increase of $286.3 million, or 11.6%, from $2.47 billion at September 30, 2024; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits were $2.91 billion at September 30, 2025, an increase of $90.6 million, or 3.2%, from $2.82 billion at June 30, 2025, an increase of $297.7 million, or 11.4%, from $2.62 billion at December 31, 2024, and an increase of $453.8 million, or 18.5%, from $2.46 billion at September 30, 2024.

"We are pleased to report another great quarter with record earnings that is highlighted by solid credit quality and strong deposit growth. Our record earnings for the quarter is primarily from increases in our net interest income and gain on sale of SBA loans combined with well-controlled noninterest expenses and a reversal for credit losses," said Henry Kim, President and CEO. "Our loan pipeline remains stable, and we continue to build on our strong capital levels."

Mr. Kim continued, "Heading into the fourth quarter and into 2026, with the U.S. government currently shutdown and unable to resolve the ongoing budget dispute, we are cautiously optimistic in our ability to adapt and continue to serve and meet the unique needs of our customers and deliver consistent returns and long-term growth for our shareholders."

------

**<u>Financial Highlights (Unaudited)</u>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands, except per share data)** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **($ in thousands, except per share data)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| Net income | $11412 | $9071 | 25.8% | $7814 | 46.0% | $28218 | $18780 | 50.3% |
| Net income available to common shareholders | $11326 | $8984 | 26.1% | $7468 | 51.7% | $28005 | $18292 | 53.1% |
| Diluted earnings per common share ("EPS") | $0.78 | $0.62 | 25.8% | $0.52 | 50.0% | $1.94 | $1.27 | 52.8% |
| Net interest income | $26978 | $25990 | 3.8% | $22719 | 18.7% | $77251 | $65453 | 18.0% |
| Provision (reversal) for credit losses | (381) | 1787 | NA | 50 | NA | 3004 | 1399 | 114.7% |
| Noninterest income | 3414 | 3297 | 3.5% | 2620 | 30.3% | 9291 | 8050 | 15.4% |
| Noninterest expense | 14869 | 14829 | 0.3% | 14602 | 1.8% | 44172 | 46129 | (4.2)% |
| Return on average assets ("ROAA") <sup>(1)</sup> | 1.35% | 1.13% |  | 1.08% |  | 1.17% | 0.88% |  |
| Return on average shareholders' equity ("ROAE") <sup>(1)</sup> | 11.92% | 9.76% |  | 8.70% |  | 10.10% | 7.11% |  |
| Return on average tangible common equity ("ROATCE") <sup>(1),(2)</sup> | 14.46% | 11.87% |  | 10.31% |  | 12.30% | 8.61% |  |
| Net interest margin <sup>(1)</sup> | 3.28% | 3.33% |  | 3.25% |  | 3.29% | 3.17% |  |
| Efficiency ratio <sup>(3)</sup> | 48.92% | 50.63% |  | 57.63% |  | 51.04% | 62.76% |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands, except per share data)** | **9/30/2025** | **6/30/2025** | **% Change** | **12/31/2024** | **% Change** | **9/30/2024** | **% Change** |
| Total assets | $3363506 | $3305589 | 1.8% | $3063971 | 9.8% | $2889833 | 16.4% |
| Net loans held-for-investment | 2719554 | 2761755 | (1.5)% | 2598759 | 4.6% | 2437244 | 11.6% |
| Total deposits | 2913502 | 2822915 | 3.2% | 2615791 | 11.4% | 2459682 | 18.5% |
| Book value per common share <sup>(4)</sup> | $26.93 | $26.26 |  | $25.30 |  | $25.39 |  |
| TCE per common share <sup>(2)</sup> | $22.09 | $21.44 |  | $20.49 |  | $20.55 |  |
| Tier 1 leverage ratio (consolidated) | 11.57% | 11.81% |  | 12.45% |  | 12.79% |  |
| Total shareholders' equity to total assets | 11.43% | 11.39% |  | 11.87% |  | 12.54% |  |
| TCE to total assets <sup>(2), (5)</sup> | 9.38% | 9.30% |  | 9.62% |  | 10.14% |  |

---

*(1)Ratios are presented on an annualized basis.*

*(2)Non-GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure.*

*(3)Calculated by dividing noninterest expense by the sum of net interest income and noninterest income.*

*(4)Calculated by dividing total shareholders*' *equity by the number of outstanding common shares.*

*(5)The Company did not have any intangible asset component for the presented periods.*

------

**<u>Result of Operations (Unaudited)</u>**

**Net Interest Income and Net Interest Margin**

The following table presents the components of net interest income for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| **Interest income/expense on** | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | $46193 | $45478 | 1.6% | $42115 | 9.7% | $134697 | $121992 | 10.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 1474 | 1462 | 0.8% | 1384 | 6.5% | 4344 | 3940 | 10.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 3804 | 2368 | 60.6% | 2499 | 52.2% | 8630 | 8566 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 51471 | 49308 | 4.4% | 45998 | 11.9% | 147671 | 134498 | 9.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | 23995 | 22505 | 6.6% | 23057 | 4.1% | 69064 | 67560 | 2.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 498 | 813 | (38.7)% | 222 | 124.3% | 1356 | 1485 | (8.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 24493 | 23318 | 5.0% | 23279 | 5.2% | 70420 | 69045 | 2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $26978 | $25990 | 3.8% | $22719 | 18.7% | $77251 | $65453 | 18.0% |
| **Average balance of** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | $2784148 | $2782200 | 0.1% | $2456015 | 13.4% | $2738957 | $2413777 | 13.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 152084 | 151055 | 0.7% | 147528 | 3.1% | 149914 | 143283 | 4.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 327637 | 200875 | 63.1% | 175711 | 86.5% | 246396 | 201951 | 22.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | $3263869 | $3134130 | 4.1% | $2779254 | 17.4% | $3135267 | $2759011 | 13.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | $2326170 | $2187210 | 6.4% | $1893006 | 22.9% | $2218542 | $1861395 | 19.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 43109 | 71286 | (39.5)% | 15848 | 172.0% | 39586 | 35427 | 11.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $2369279 | $2258496 | 4.9% | $1908854 | 24.1% | $2258128 | $1896822 | 19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total funding <sup>(1)</sup> | $2910522 | $2792026 | 4.2% | $2443615 | 19.1% | $2788686 | $2434504 | 14.5% |
| **Annualized average yield/cost of** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 6.58% | 6.56% |  | 6.82% |  | 6.58% | 6.75% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 3.85% | 3.88% |  | 3.73% |  | 3.87% | 3.67% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 4.61% | 4.73% |  | 5.66% |  | 4.68% | 5.67% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 6.26% | 6.31% |  | 6.58% |  | 6.30% | 6.51% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | 4.09% | 4.13% |  | 4.85% |  | 4.16% | 4.85% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 4.58% | 4.57% |  | 5.57% |  | 4.58% | 5.60% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 4.10% | 4.14% |  | 4.85% |  | 4.17% | 4.86% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin | 3.28% | 3.33% |  | 3.25% |  | 3.29% | 3.17% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of total funding <sup>(1)</sup> | 3.34% | 3.35% |  | 3.79% |  | 3.38% | 3.79% |  |
| **Supplementary information** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net accretion of discount on loans | $563 | $610 | (7.7)% | $773 | (27.2)% | $2045 | $2137 | (4.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net amortization of deferred loan fees | $433 | $414 | 4.6% | $246 | 76.0% | $1113 | $919 | 21.1% |

---

*(1)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.*

------

*<u>Loans.</u>* The increase in average yield for the current quarter compared with the previous quarter was primarily due to increases in the weighted-average interest rate on newly originated loans and net amortization of deferred loan fees, partially offset by a decrease in net accretion of discount on loans. The decreases in average yield for the current quarter and year-to-date period compared with the same periods in 2024 were primarily due to decreases in market rates and net accretion of discount on loans, partially offset by an increase in net amortization of deferred loan fees.

The following table presents a composition of total loans by interest rate type accompanied with the weighted-average contractual rates as of the dates indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **9/30/2025** | **9/30/2025** | **6/30/2025** | **6/30/2025** | **12/31/2024** | **12/31/2024** | **9/30/2024** | **9/30/2024** |
| | **% to Total Loans** | **Weighted-Average Contractual Rate** | **% to Total Loans** | **Weighted-Average Contractual Rate** | **% to Total Loans** | **Weighted-Average Contractual Rate** | **% to Total Loans** | **Weighted-Average Contractual Rate** |
| Fixed rate loans | 18.2% | 5.60% | 18.0% | 5.51% | 17.4% | 5.23% | 18.3% | 5.06% |
| Hybrid rate loans | 39.5% | 5.51% | 38.5% | 5.43% | 37.3% | 5.27% | 37.6% | 5.14% |
| Variable rate loans | 42.3% | 7.38% | 43.5% | 7.53% | 45.3% | 7.63% | 44.1% | 8.10% |

---

*<u>Investment Securities.</u>* The increases for the current quarter and year-to-date period compared with the same periods of 2024 were primarily due to higher yields on newly purchased investment securities.

*<u>Other Interest-Earning Assets.</u>* The decreases for the current quarter and year-to-date period compared with the same periods of 2024 were primarily due to a decrease in average interest rate on cash held at the Federal Reserve Bank, partially offset by an increase in dividends received on Federal Home Loan Bank ("FHLB") stock.

*<u>Interest-Bearing Deposits.</u>* The decreases in average cost for the current quarter and year-to-date period were primarily due to a decrease in market rates.

**Provision (reversal) for credit losses**

The following table presents a composition of provision for credit losses for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| Provision (reversal) for credit losses on loans | $(428) | $1721 | NA | $193 | NA | $2884 | $1444 | 99.7% |
| Provision (reversal) for credit losses on off-balance sheet credit exposure | 47 | 66 | (28.8)% | (143) | NA | 120 | (45) | NA |
| &nbsp;&nbsp;&nbsp;**Total provision (reversal) for credit losses** | $**(381)** | $**1787** | **NA** | $**50** | **NA** | $**3004** | $**1399** | **114.7%** |

---

The reversal for credit losses on loans for the current quarter was primarily due to a decrease in loans held-for-investment.

------

**Noninterest Income**

The following table presents the components of noninterest income for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| Gain on sale of loans | $1617 | $1465 | 10.4% | $750 | 115.6% | $3969 | $2591 | 53.2% |
| Service charges and fees on deposits | 377 | 375 | 0.5% | 399 | (5.5)% | 1124 | 1141 | (1.5)% |
| Loan servicing income | 719 | 760 | (5.4)% | 786 | (8.5)% | 2204 | 2504 | (12.0)% |
| Bank-owned life insurance ("BOLI") income | 259 | 253 | 2.4% | 239 | 8.4% | 759 | 703 | 8.0% |
| Other income | 442 | 444 | (0.5)% | 446 | (0.9)% | 1235 | 1111 | 11.2% |
| &nbsp;&nbsp;&nbsp;**Total noninterest income** | $**3414** | $**3297** | **3.5%** | $**2620** | **30.3%** | $**9291** | $**8050** | **15.4%** |

---

*<u>Gain on Sale of Loans.</u>* The following table presents information on gain on sale of loans for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| Gain on sale of SBA loans |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sold loan balance | $29017 | $26947 | 7.7% | $13506 | 114.8% | $72569 | $46539 | 55.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium received | 1852 | 1750 | 5.8% | 1185 | 56.3% | 4810 | 3837 | 25.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain recognized | 1617 | 1465 | 10.4% | 750 | 115.6% | 3969 | 2591 | 53.2% |
| Gain on sale of residential mortgage loans |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sold loan balance | $— | $— | —% | $676 | (100.0)% | $— | $676 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain recognized |  |  | —% |  | —% |  |  | —% |

---

*<u>Loan Servicing Income.</u>* The Company services SBA loans and certain residential property loans sold to the secondary market. The following table presents information on loan servicing income for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| Loan servicing income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Servicing income received | $1247 | $1251 | (0.3)% | $1264 | (1.3)% | $3771 | $3875 | (2.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Servicing assets amortization | (528) | (491) | 7.5% | (478) | 10.5% | (1567) | (1371) | 14.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loan servicing income** | $**719** | $**760** | **(5.4)%** | $**786** | **(8.5)%** | $**2204** | $**2504** | **(12.0)%** |
| Underlying loans at end of period | $518309 | $514974 | 0.6% | $527062 | (1.7)% | $518309 | $527062 | (1.7)% |

---

------

**Noninterest Expense**

The following table presents the components of noninterest expense for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| Salaries and employee benefits | $9293 | $8844 | 5.1% | $8801 | 5.6% | $27212 | $27244 | (0.1)% |
| Occupancy and equipment | 2372 | 2379 | (0.3)% | 2261 | 4.9% | 7040 | 6919 | 1.7% |
| Professional fees | 541 | 805 | (32.8)% | 599 | (9.7)% | 1974 | 2656 | (25.7)% |
| Marketing and business promotion | 669 | 597 | 12.1% | 667 | 0.3% | 1509 | 1304 | 15.7% |
| Data processing | 333 | 317 | 5.0% | 397 | (16.1)% | 983 | 1294 | (24.0)% |
| Director fees and expenses | 223 | 225 | (0.9)% | 226 | (1.3)% | 674 | 679 | (0.7)% |
| Regulatory assessments | 373 | 358 | 4.2% | 309 | 20.7% | 1075 | 934 | 15.1% |
| Other expense | 1065 | 1304 | (18.3)% | 1342 | (20.6)% | 3705 | 5099 | (27.3)% |
| &nbsp;&nbsp;&nbsp;**Total noninterest expense** | $**14869** | $**14829** | **0.3%** | $**14602** | **1.8%** | $**44172** | $**46129** | **(4.2)%** |

---

*<u>Salaries and Employee Benefits.</u>* The increase for the current quarter compared with the previous quarter was primarily due to increases in salaries and bonus accrual, and a decrease in direct loan origination cost, which offsets and defers the recognition of salaries and benefits expense. The increase for the current quarter compared with the year-ago quarter was primarily due to increases in salaries and bonus accrual, partially offset by an increase in direct loan origination cost. The decrease for the current year compared with the previous year-to-date period was primarily due to a decrease in salaries and an increase in direct loan origination cost, partially offset by an increase in bonus accrual. The number of full-time equivalent employees was 270, 266 and 264 as of September 30, 2025, June 30, 2025 and September 30, 2024, respectively.

*<u>Professional Fees.</u>* The decrease for the current quarter compared with the previous quarter was primarily due to professional fees related to evaluating the accounting for a preferred stock purchase option incurred during the previous quarter. The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to other professional fees for the 2024 periods related to a core system conversion that was completed in April 2024, partially offset the professional fees related to a preferred stock purchase option.

*<u>Marketing and Business Promotion.</u>* The increases for the current quarter and year-to-date periods were primarily due to an increase in advertising.

*<u>Data Processing.</u>* The decreases for the current quarter and year-to-date periods compared with the same periods of 2024 were primarily due to a decrease in overall service charges after the core system conversion.

*<u>Other Expense.</u>* The decrease for the current quarter compared with the previous quarter was primarily due to a decrease in impairment on operating lease assets. The Company recognized impairments on operating lease assets of $10 thousand and $228 thousand for the current and previous quarters, respectively, for sublease contracts. The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to a termination charge for the legacy core system of $508 thousand and an expense of $815 thousand for a reimbursement for an SBA loan guarantee previously paid by the SBA on a loan originated in 2014 that subsequently defaulted and was ultimately determined to be ineligible for the SBA guaranty during the previous year-to-date period, partially offset by the impairment on operating lease assets of $238 thousand and contingent accrual for legal settlements of $190 thousand for the current year-to-date period.

------

**<u>Balance Sheet (Unaudited)</u>**

Total assets were $3.36 billion at September 30, 2025, an increase of $57.9 million, or 1.8%, from $3.31 billion at June 30, 2025, an increase of $299.5 million, or 9.8%, from $3.06 billion at December 31, 2024, and an increase of $473.7 million, or 16.4%, from $2.89 billion at September 30, 2024. The increase for the current quarter was primarily due to an increase in cash and cash equivalents, partially offset by a decrease in loans held-for-investment. The increase for the current year-to-date period was primarily due to increases in loans held-for-investment and cash and cash equivalents.

**Loans**

The following table presents a composition of total loans (includes both loans held-for-sale and loans held-for-investment) as of the dates indicated:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **12/31/2024** | **% Change** | **9/30/2024** | **% Change** |
| Commercial real estate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | $1039965 | $1010780 | 2.9% | $940931 | 10.5% | $874824 | 18.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Business property | 639596 | 635648 | 0.6% | 595547 | 7.4% | 579461 | 10.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Multifamily | 172098 | 212738 | (19.1)% | 194220 | (11.4)% | 185485 | (7.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction | 25911 | 27294 | (5.1)% | 21854 | 18.6% | 21150 | 22.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate | 1877570 | 1886460 | (0.5)% | 1752552 | 7.1% | 1660920 | 13.0% |
| Commercial and industrial | 465424 | 492857 | (5.6)% | 472763 | (1.6)% | 407024 | 14.3% |
| Consumer: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 401653 | 406682 | (1.2)% | 392456 | 2.3% | 383377 | 4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 7867 | 9310 | (15.5)% | 11616 | (32.3)% | 14853 | (47.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 409520 | 415992 | (1.6)% | 404072 | 1.3% | 398230 | 2.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-investment | 2752514 | 2795309 | (1.5)% | 2629387 | 4.7% | 2466174 | 11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-sale | 9634 | 8133 | 18.5% | 6292 | 53.1% | 5170 | 86.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total loans** | $**2762148** | $**2803442** | **(1.5)%** | $**2635679** | **4.8%** | $**2471344** | **11.8%** |
| SBA loans included in: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-investment | $151766 | $150688 | 0.7% | $146940 | 3.3% | $142819 | 6.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-sale | $9634 | $8133 | 18.5% | $6292 | 53.1% | $5170 | 86.3% |
| ACL on loans | $32960 | $33554 | (1.8)% | $30628 | 7.6% | $28930 | 13.9% |
| ACL on loans to loans held-for-investment | 1.20% | 1.20% |  | 1.16% |  | 1.17% |  |

---

The decrease in loans held-for-investment for the current quarter was primarily due to pay-downs and pay-offs of term loans of $103.4 million, net decrease of lines of credit of $36.1 million and charge-offs of $454 thousand, partially offset by new funding of term loans of $97.2 million. The increase for the current year-to-date period was primarily due to new funding of term loans of $443.1 million, partially offset by pay-downs and pay-offs of term loans of $299.8 million, net decrease of lines of credit of $19.3 million, and charge-offs of $927 thousand.

The increase in loans held-for-sale for the current quarter was primarily due to new funding of $30.6 million, partially offset by sales of $29.0 million and pay-downs of $82 thousand. The increase for the current year-to-date period was primarily due to new funding of $76.2 million, partially offset by sales of $72.6 million and pay-downs of $248 thousand.

The following table presents a composition of off-balance sheet credit exposure as of the dates indicated:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **12/31/2024** | **% Change** | **9/30/2024** | **% Change** |
| Commercial property | $13772 | $10851 | 26.9% | $8888 | 55.0% | $3291 | 318.5% |
| Business property | 10740 | 10364 | 3.6% | 11058 | (2.9)% | 12441 | (13.7)% |
| Construction | 7688 | 8985 | (14.4)% | 14423 | (46.7)% | 17810 | (56.8)% |
| Commercial and industrial | 373560 | 342467 | 9.1% | 364731 | 2.4% | 394428 | (5.3)% |
| Other consumer | 1357 | 2274 | (40.3)% | 1475 | (8.0)% | 5590 | (75.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commitments to extend credit | 407117 | 374941 | 8.6% | 400575 | 1.6% | 433560 | (6.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Letters of credit | 7074 | 7418 | (4.6)% | 6795 | 4.1% | 6673 | 6.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total off-balance sheet credit exposure** | $**414191** | $**382359** | **8.3%** | $**407370** | **1.7%** | $**440233** | **(5.9)%** |

---

------

*<u>Credit Quality</u>*

The following table presents a summary of non-performing loans and assets, and classified assets as of the dates indicated:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **12/31/2024** | **% Change** | **9/30/2024** | **% Change** |
| Nonaccrual loans |  |  |  |  |  |  |  |
| Commercial real estate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | $1448 | $1497 | (3.3)% | $1851 | (21.8)% | $1633 | (11.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Business property | 962 | 1654 | (41.8)% | 2336 | (58.8)% | 2367 | (59.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Multifamily |  |  | —% |  | —% | 2038 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate | 2410 | 3151 | (23.5)% | 4187 | (42.4)% | 6038 | (60.1)% |
| Commercial and industrial | 378 | 255 | 48.2% | 79 | 378.5% | 124 | 204.8% |
| Consumer: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 5370 | 5526 | (2.8)% | 403 | 1232.5% | 414 | 1197.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer |  |  | —% | 24 | (100.0)% | 38 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 5370 | 5526 | (2.8)% | 427 | 1157.6% | 452 | 1088.1% |
| Total nonaccrual loans held-for-investment | 8158 | 8932 | (8.7)% | 4693 | 73.8% | 6614 | 23.3% |
| Loans past due 90 days or more and still accruing |  |  | —% |  | —% |  | —% |
| Non-performing loans ("NPLs") | 8158 | 8932 | (8.7)% | 4693 | 73.8% | 6614 | 23.3% |
| NPLs held-for-sale |  |  | —% |  | —% |  | —% |
| Total NPLs | 8158 | 8932 | (8.7)% | 4693 | 73.8% | 6614 | 23.3% |
| Other real estate owned ("OREO") |  |  | —% |  | —% | 466 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-performing assets ("NPAs")** | $**8158** | $**8932** | **(8.7)%** | $**4693** | **73.8%** | $**7080** | **15.2%** |
| Loans past due and still accruing |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due 30 to 59 days | $1548 | $2327 | (33.5)% | $4599 | (66.3)% | $2973 | (47.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due 60 to 89 days |  | 226 | (100.0)% | 303 | (100.0)% | 21 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due 90 days or more |  |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total loans past due and still accruing** | $**1548** | $**2553** | **(39.4)%** | **4902** | **(68.4)%** | $**2994** | **(48.3)%** |
| Special mention loans | $6477 | $6838 | (5.3)% | $5034 | 28.7% | $5057 | 28.1% |
| Classified assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Classified loans held-for-investment | $10172 | $16433 | (38.1)% | $6930 | 46.8% | $8860 | 14.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Classified loans held-for-sale |  |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;OREO |  |  | —% |  | —% | 466 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Classified assets** | $**10172** | $**16433** | **(38.1)%** | $**6930** | **46.8%** | $**9326** | **9.1%** |
| NPLs to loans held-for-investment | 0.30% | 0.32% |  | 0.18% |  | 0.27% |  |
| NPAs to total assets | 0.24% | 0.27% |  | 0.15% |  | 0.24% |  |
| Classified assets to total assets | 0.30% | 0.50% |  | 0.23% |  | 0.32% |  |

---

*<u>Allowance for Credit Losses</u>*

The following table presents activity in ACL for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**($ in thousands)** | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| **ACL on loans** | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Balance at beginning of period | $33554 | $31942 | 5.0% | $28747 | 16.7% | $30628 | $27533 | 11.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Charge-offs | (454) | (120) | 278.3% | (111) | 309.0% | (927) | (296) | 213.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Recoveries | 288 | 11 | 2518.2% | 101 | 185.1% | 375 | 249 | 50.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision (reversal) for credit losses on loans | (428) | 1721 | NA | 193 | NA | 2884 | 1444 | 99.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Balance at end of period** | $**32960** | $**33554** | **(1.8)%** | $**28930** | **13.9%** | $**32960** | $**28930** | **13.9%** |
| **ACL on off-balance sheet credit exposure** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Balance at beginning of period | $1263 | $1197 | 5.5% | $1375 | (8.1)% | $1190 | $1277 | (6.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision (reversal) for credit losses on off-balance sheet credit exposure | 47 | 66 | (28.8)% | (143) | NA | 120 | (45) | NA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Balance at end of period** | $**1310** | $**1263** | **3.7%** | $**1232** | **6.3%** | $**1310** | $**1232** | **6.3%** |

---

------

**Investment Securities**

Total investment securities were $150.3 million at September 30, 2025, a decrease of $4.3 million, or 2.8%, from $154.6 million at June 30, 2025, but an increase of $3.9 million, or 2.7%, from $146.3 million at December 31, 2024 and an increase of $2.6 million, or 1.8%, from $147.6 million at September 30, 2024.

The decrease for the current quarter was primarily due to principal pay-downs of $5.9 million and net premium amortization of $43 thousand, partially offset by a fair value increase of $1.6 million. The increase for the current year-to-date period was primarily due to purchases of $14.9 million and a fair value increase of $5.6 million, partially offset by principal pay-downs of $16.4 million and net premium amortization of $108 thousand.

**Deposits**

The following table presents the Company's deposit mix as of the dates indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **9/30/2025** | **9/30/2025** | **6/30/2025** | **6/30/2025** | **12/31/2024** | **12/31/2024** | **9/30/2024** | **9/30/2024** |
|<br>**($ in thousands)** | **Amount** | **% to Total** | **Amount** | **% to Total** | **Amount** | **% to Total** | **Amount** | **% to Total** |
| Noninterest-bearing demand deposits | $551312 | 18.9% | $575905 | 20.4% | $547853 | 20.9% | $540068 | 22.0% |
| Interest-bearing deposits |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 5287 | 0.2% | 5695 | 0.2% | 5765 | 0.2% | 5718 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW | 13411 | 0.5% | 12765 | 0.5% | 13761 | 0.5% | 15873 | 0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail money market accounts | 650675 | 22.2% | 533032 | 18.7% | 447360 | 17.1% | 470347 | 19.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered money market accounts | 1 | 0.1% | 1 | 0.1% | 1 | 0.1% | 1 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail time deposits of |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$250,000 or less | 580300 | 19.9% | 555357 | 19.7% | 493644 | 18.9% | 492430 | 20.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;More than $250,000 | 671516 | 23.1% | 649160 | 23.0% | 605124 | 23.1% | 580166 | 23.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;State and brokered time deposits | 441000 | 15.1% | 491000 | 17.4% | 502283 | 19.2% | 355079 | 14.4% |
| Total interest-bearing deposits | 2362190 | 81.1% | 2247010 | 79.6% | 2067938 | 79.1% | 1919614 | 78.0% |
| **Total deposits** | $**2913502** | **100.0%** | $**2822915** | **100.0%** | $**2615791** | **100.0%** | $**2459682** | **100.0%** |
| **Estimated total deposits not covered by deposit insurance** | $**1275127** | **43.8%** | $**1164592** | **41.3%** | $**1036451** | **39.6%** | $**1042366** | **42.4%** |

---

Total retail deposits were $2.47 billion at September 30, 2025, an increase of $140.6 million, or 6.0%, from $2.33 billion at June 30, 2025, an increase of $359.0 million, or 17.0%, from $2.11 billion at December 31, 2024, and an increase of $367.9 million, or 17.5%, from $2.10 billion at September 30, 2024.

The increase in retail time deposits for the current quarter was primarily due to new accounts of $115.0 million, renewals of the matured accounts of $240.8 million and balance increases of $7.5 million, partially offset by matured and closed accounts of $316.0 million. The increase for the current year-to-date period was primarily due to new accounts of $394.8 million, renewals of the matured accounts of $845.2 million and balance increases of $31.9 million, partially offset by matured and closed accounts of $1.12 billion.

**Liquidity**

The following table presents a summary of the Company's liquidity position as of the dates indicated:

---

| | | | |
|:---|:---|:---|:---|
| **($ in thousands)** | **9/30/2025** | **12/31/2024** | **% Change** |
| Cash and cash equivalents | $369498 | $198792 | 85.9% |
| Cash and cash equivalents to total assets | 11.0% | 6.5% |  |
| Available borrowing capacity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLB advances | $826136 | $722439 | 14.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Reserve Discount Window | 808651 | 586525 | 37.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Overnight federal funds lines | 65000 | 50000 | 30.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1699787 | $1358964 | 25.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available borrowing capacity to total assets | 50.5% | 44.4% |  |

---

------

**Shareholders' Equity**

Shareholders' equity was $384.5 million at September 30, 2025, an increase of $8.0 million, or 2.1%, from $376.5 million at June 30, 2025, an increase of $20.7 million, or 5.7%, from $363.8 million at December 31, 2024, and an increase of $22.2 million, or 6.1%, from $362.3 million at September 30, 2024. The increase for the current quarter was primarily due to net income, a decrease in accumulated other comprehensive loss of $1.1 million and proceeds from stock option exercises of $450 thousand, partially offset by repurchases of common stock of $2.2 million, cash dividends declared on common stock of $2.9 million and preferred stock dividends of $86 thousand. The increase for the current year-to-date period was primarily due to net income, a decrease in accumulated other comprehensive loss of $3.9 million and proceeds from stock option exercises of $1.7 million, partially offset by repurchases of common stock of $5.0 million, cash dividends declared on common stock of $8.6 million and preferred stock dividends of $213 thousand.

*<u>Stock Repurchases</u>*

During the current year-to-date period, the Company repurchased and retired 255,767 shares of common stock at a weighted-average price of $19.41, totaling $5.0 million. In 2024, the Company repurchased and retired 14,947 shares of common stock at a weighted-average price of $14.88, totaling $222 thousand. As of September 30, 2025, the Company is authorized to purchase 322,010 additional shares under its current stock repurchase program, which expires on July 31, 2026.

*<u>Series C Preferred Stock</u>*

The Company began paying quarterly dividends on the Series C Preferred Stock in the second quarter of 2024. The Company paid dividends of $86 thousand and $213 thousand for the current quarter and year-to-date period, respectively.

**Capital Ratios**

The following table presents capital ratios for the Company and the Bank as of the dates indicated:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **9/30/2025** | **6/30/2025** | **12/31/2024** | **9/30/2024** | **Well Capitalized Minimum Requirements** |
| PCB Bancorp |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common tier 1 capital (to risk-weighted assets)  | 11.52% | 11.14% | 11.44% | 11.92% | 6.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital (to risk-weighted assets)  | 15.24% | 14.84% | 15.24% | 15.88% | 10.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to risk-weighted assets)  | 14.00% | 13.60% | 14.04% | 14.68% | 8.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to average assets)  | 11.57% | 11.81% | 12.45% | 12.79% | 5.00% |
| PCB Bank |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common tier 1 capital (to risk-weighted assets)  | 13.61% | 13.23% | 13.72% | 14.33% | 6.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital (to risk-weighted assets)  | 14.85% | 14.47% | 14.92% | 15.54% | 10.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to risk-weighted assets)  | 13.61% | 13.23% | 13.72% | 14.33% | 8.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to average assets)  | 11.25% | 11.50% | 12.16% | 12.49% | 5.0% |

---

------

**<u>About PCB Bancorp</u>**

PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

**<u>Cautionary Note Regarding Forward-Looking Statements</u>**

This press release contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the restatement of our consolidated financial statements at and for the quarter ended March 31, 2025; material weaknesses in the Company's internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company's ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures, that impact general sentiment regarding the stability and liquidity of banks that could affect the Company's liquidity, financial performance and stock price; changes to valuations of the Company's assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; changes to the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber security risks; the Company's ability to successfully deploy new technology; acquisitions and branch and loan production office expansions; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company's enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and other filings the Company makes with the SEC, which are available without charge at the SEC's website (http://www.sec.gov) and on the investor relations section of the Company's website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.

**<u>Contact:</u>**

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

------

**PCB Bancorp and Subsidiary**

**Consolidated Balance Sheets (Unaudited)**

($ in thousands, except share and per share data)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **9/30/2025** | **6/30/2025** | **% Change** | **12/31/2024** | **% Change** | **9/30/2024** | **% Change** |
| **Assets** | | | | | | | |
| Cash and due from banks | $24366 | $41614 | (41.4)% | $27100 | (10.1)% | $29981 | (18.7)% |
| Interest-bearing deposits in other financial institutions | 345132 | 221953 | 55.5% | 171692 | 101.0% | 163083 | 111.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 369498 | 263567 | 40.2% | 198792 | 85.9% | 193064 | 91.4% |
| Securities available-for-sale, at fair value | 150279 | 154620 | (2.8)% | 146349 | 2.7% | 147635 | 1.8% |
| Loans held-for-sale | 9634 | 8133 | 18.5% | 6292 | 53.1% | 5170 | 86.3% |
| Loans held-for-investment | 2752514 | 2795309 | (1.5)% | 2629387 | 4.7% | 2466174 | 11.6% |
| Allowance for credit losses on loans | (32960) | (33554) | (1.8)% | (30628) | 7.6% | (28930) | 13.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans held-for-investment | 2719554 | 2761755 | (1.5)% | 2598759 | 4.6% | 2437244 | 11.6% |
| Premises and equipment, net | 8604 | 8942 | (3.8)% | 8280 | 3.9% | 8414 | 2.3% |
| Federal Home Loan Bank and other bank stock | 14978 | 14978 | —% | 14042 | 6.7% | 14042 | 6.7% |
| Bank-owned life insurance | 32525 | 32266 | 0.8% | 31766 | 2.4% | 31520 | 3.2% |
| Deferred tax assets, net | 7164 | 7032 | 1.9% | 7249 | (1.2)% |  | NA |
| Servicing assets | 5883 | 5756 | 2.2% | 5837 | 0.8% | 5902 | (0.3)% |
| Operating lease assets | 17136 | 17861 | (4.1)% | 17254 | (0.7)% | 17932 | (4.4)% |
| Accrued interest receivable | 10829 | 10879 | (0.5)% | 10466 | 3.5% | 9896 | 9.4% |
| Other assets | 17422 | 19800 | (12.0)% | 18885 | (7.7)% | 18548 | (6.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3363506** | $**3305589** | **1.8%** | $**3063971** | **9.8%** | $**2889833** | **16.4%** |
| **Liabilities** |  |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand | $551312 | $575905 | (4.3)% | $547853 | 0.6% | $540068 | 2.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings, NOW and money market accounts | 669374 | 551493 | 21.4% | 466887 | 43.4% | 491939 | 36.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits of $250,000 or less | 961299 | 986357 | (2.5)% | 935927 | 2.7% | 787509 | 22.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits of more than $250,000 | 731517 | 709160 | 3.2% | 665124 | 10.0% | 640166 | 14.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 2913502 | 2822915 | 3.2% | 2615791 | 11.4% | 2459682 | 18.5% |
| Other short-term borrowings |  |  | —% | 15000 | (100.0)% |  | —% |
| Federal Home Loan Bank advances |  | 45000 | (100.0)% |  | —% |  | —% |
| Deferred tax liabilities, net |  |  | —% |  | —% | 1168 | (100.0)% |
| Operating lease liabilities | 18961 | 19652 | (3.5)% | 18671 | 1.6% | 19301 | (1.8)% |
| Accrued interest payable and other liabilities | 46542 | 41522 | 12.1% | 50695 | (8.2)% | 47382 | (1.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 2979005 | 2929089 | 1.7% | 2700157 | 10.3% | 2527533 | 17.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commitments and contingent liabilities |  |  |  |  |  |  |  |
| **Shareholders' equity** |  |  |  |  |  |  |  |
| Preferred stock | 69141 | 69141 | —% | 69141 | —% | 69141 | —% |
| Common stock | 140580 | 142152 | (1.1)% | 143195 | (1.8)% | 142926 | (1.6)% |
| Retained earnings | 180189 | 171735 | 4.9% | 160797 | 12.1% | 156680 | 15.0% |
| Accumulated other comprehensive loss, net | (5409) | (6528) | (17.1)% | (9319) | (42.0)% | (6447) | (16.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | 384501 | 376500 | 2.1% | 363814 | 5.7% | 362300 | 6.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3363506** | $**3305589** | **1.8%** | $**3063971** | **9.8%** | $**2889833** | **16.4%** |
| Outstanding common shares | 14277164 | 14336602 |  | 14380651 |  | 14266725 |  |
| Book value per common share <sup>(1)</sup> | $26.93 | $26.26 |  | $25.30 |  | $25.39 |  |
| TCE per common share <sup>(2)</sup> | $22.09 | $21.44 |  | $20.49 |  | $20.55 |  |
| Total loan to total deposit ratio | 94.81% | 99.31% |  | 100.76% |  | 100.47% |  |
| Noninterest-bearing deposits to total deposits | 18.92% | 20.40% |  | 20.94% |  | 21.96% |  |

---

*(1)The ratios are calculated by dividing total shareholders*' *equity by the number of outstanding common shares. The Company had no intangible equity components for the presented periods.*

*(2)Non-GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure.*

------

**PCB Bancorp and Subsidiary**

**Consolidated Statements of Income (Unaudited)**

($ in thousands, except share and per share data)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **9/30/2025** | **6/30/2025** | **% Change** | **9/30/2024** | **% Change** | **9/30/2025** | **9/30/2024** | **% Change** |
| Interest and dividend income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $46193 | $45478 | 1.6% | $42115 | 9.7% | $134697 | $121992 | 10.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 1474 | 1462 | 0.8% | 1384 | 6.5% | 4344 | 3940 | 10.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 3804 | 2368 | 60.6% | 2499 | 52.2% | 8630 | 8566 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 51471 | 49308 | 4.4% | 45998 | 11.9% | 147671 | 134498 | 9.8% |
| Interest expense |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 23995 | 22505 | 6.6% | 23057 | 4.1% | 69064 | 67560 | 2.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 498 | 813 | (38.7)% | 222 | 124.3% | 1356 | 1485 | (8.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 24493 | 23318 | 5.0% | 23279 | 5.2% | 70420 | 69045 | 2.0% |
| Net interest income | 26978 | 25990 | 3.8% | 22719 | 18.7% | 77251 | 65453 | 18.0% |
| Provision (reversal) for credit losses | (381) | 1787 | NA | 50 | NA | 3004 | 1399 | 114.7% |
| Net interest income after provision (reversal) for credit losses | 27359 | 24203 | 13.0% | 22669 | 20.7% | 74247 | 64054 | 15.9% |
| Noninterest income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans | 1617 | 1465 | 10.4% | 750 | 115.6% | 3969 | 2591 | 53.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges and fees on deposits | 377 | 375 | 0.5% | 399 | (5.5)% | 1124 | 1141 | (1.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan servicing income | 719 | 760 | (5.4)% | 786 | (8.5)% | 2204 | 2504 | (12.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;BOLI income | 259 | 253 | 2.4% | 239 | 8.4% | 759 | 703 | 8.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | 442 | 444 | (0.5)% | 446 | (0.9)% | 1235 | 1111 | 11.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 3414 | 3297 | 3.5% | 2620 | 30.3% | 9291 | 8050 | 15.4% |
| Noninterest expense |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 9293 | 8844 | 5.1% | 8801 | 5.6% | 27212 | 27244 | (0.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 2372 | 2379 | (0.3)% | 2261 | 4.9% | 7040 | 6919 | 1.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 541 | 805 | (32.8)% | 599 | (9.7)% | 1974 | 2656 | (25.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing and business promotion | 669 | 597 | 12.1% | 667 | 0.3% | 1509 | 1304 | 15.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 333 | 317 | 5.0% | 397 | (16.1)% | 983 | 1294 | (24.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Director fees and expenses | 223 | 225 | (0.9)% | 226 | (1.3)% | 674 | 679 | (0.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Regulatory assessments | 373 | 358 | 4.2% | 309 | 20.7% | 1075 | 934 | 15.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other expense | 1065 | 1304 | (18.3)% | 1342 | (20.6)% | 3705 | 5099 | (27.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 14869 | 14829 | 0.3% | 14602 | 1.8% | 44172 | 46129 | (4.2)% |
| Income before income taxes | 15904 | 12671 | 25.5% | 10687 | 48.8% | 39366 | 25975 | 51.6% |
| Income tax expense | 4492 | 3600 | 24.8% | 2873 | 56.4% | 11148 | 7195 | 54.9% |
| **Net income** | **11412** | **9071** | **25.8%** | **7814** | **46.0%** | **28218** | **18780** | **50.3%** |
| Preferred stock dividends | 86 | 87 | (1.1)% | 346 | (75.1)% | 213 | 488 | (56.4)% |
| **Net income available to common shareholders** | $**11326** | $**8984** | **26.1%** | $**7468** | **51.7%** | $**28005** | $**18292** | **53.1%** |
| Earnings per common share |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $0.79 | $0.63 |  | $0.52 |  | $1.95 | $1.28 |  |
| &nbsp;&nbsp;&nbsp;Diluted | $0.78 | $0.62 |  | $0.52 |  | $1.94 | $1.27 |  |
| Average common shares |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 14201054 | 14213032 |  | 14241014 |  | 14228524 | 14237851 |  |
| &nbsp;&nbsp;&nbsp;Diluted | 14325956 | 14326011 |  | 14356384 |  | 14354284 | 14328510 |  |
| Dividend paid per common share | $0.20 | $0.20 |  | $0.18 |  | $0.60 | $0.54 |  |
| ROAA <sup>(1)</sup> | 1.35% | 1.13% |  | 1.08% |  | 1.17% | 0.88% |  |
| ROAE <sup>(1)</sup> | 11.92% | 9.76% |  | 8.70% |  | 10.10% | 7.11% |  |
| ROATCE <sup>(1), (2)</sup> | 14.46% | 11.87% |  | 10.31% |  | 12.30% | 8.61% |  |
| Efficiency ratio <sup>(3)</sup> | 48.92% | 50.63% |  | 57.63% |  | 51.04% | 62.76% |  |

---

*(1)Ratios are presented on an annualized basis.*

*(2)Non-GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure.*

*(3)The ratios are calculated by dividing noninterest expense by the sum of net interest income and noninterest income.*

------

**PCB Bancorp and Subsidiary**

**Average Balance, Average Yield, and Average Rate (Unaudited)**

($ in thousands)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **9/30/2025** | **9/30/2025** | **9/30/2025** | **6/30/2025** | **6/30/2025** | **6/30/2025** | **9/30/2024** | **9/30/2024** | **9/30/2024** |
| | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> |
| **Assets** | | | | | | | | | |
| Interest-earning assets |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans <sup>(1)</sup> | $2784148 | $46193 | 6.58% | $2782200 | $45478 | 6.56% | $2456015 | $42115 | 6.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities | 120226 | 1167 | 3.85% | 117987 | 1145 | 3.89% | 111350 | 1000 | 3.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligation | 19957 | 197 | 3.92% | 20616 | 203 | 3.95% | 22661 | 244 | 4.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;SBA loan pool securities | 4686 | 41 | 3.47% | 5368 | 46 | 3.44% | 6571 | 69 | 4.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds <sup>(2)</sup> | 2411 | 22 | 3.62% | 2379 | 21 | 3.54% | 2698 | 24 | 3.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 4804 | 47 | 3.88% | 4705 | 47 | 4.01% | 4248 | 47 | 4.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 327637 | 3804 | 4.61% | 200875 | 2368 | 4.73% | 175711 | 2499 | 5.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 3263869 | 51471 | 6.26% | 3134130 | 49308 | 6.31% | 2779254 | 45998 | 6.58% |
| Noninterest-earning assets |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 23539 |  |  | 23267 |  |  | 24098 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ACL on loans | (33548) |  |  | (31932) |  |  | (28797) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 100728 |  |  | 100930 |  |  | 92152 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 90719 |  |  | 92265 |  |  | 87453 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3354588** |  |  | $**3226395** |  |  | $**2866707** |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |  |  |  |
| Interest-bearing liabilities |  |  |  |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW and money market accounts | $612527 | 5698 | 3.69% | $532842 | 4772 | 3.59% | $496158 | 5129 | 4.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 5519 | 3 | 0.22% | 5334 | 4 | 0.30% | 6204 | 4 | 0.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1708124 | 18294 | 4.25% | 1649034 | 17729 | 4.31% | 1390644 | 17924 | 5.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2326170 | 23995 | 4.09% | 2187210 | 22505 | 4.13% | 1893006 | 23057 | 4.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 43109 | 498 | 4.58% | 71286 | 813 | 4.57% | 15848 | 222 | 5.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2369279 | 24493 | 4.10% | 2258496 | 23318 | 4.14% | 1908854 | 23279 | 4.85% |
| Noninterest-bearing liabilities |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand | 541243 |  |  | 533530 |  |  | 534761 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 64232 |  |  | 61740 |  |  | 65716 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 605475 |  |  | 595270 |  |  | 600477 |  |  |
| Total liabilities | 2974754 |  |  | 2853766 |  |  | 2509331 |  |  |
| Total shareholders' equity | 379834 |  |  | 372629 |  |  | 357376 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3354588** |  |  | $**3226395** |  |  | $**2866707** |  |  |
| **Net interest income** |  | $**26978** |  |  | $**25990** |  |  | $**22719** |  |
| **Net interest spread** <sup>(3)</sup> |  |  | **2.16%** |  |  | **2.17%** |  |  | **1.73%** |
| **Net interest margin** <sup>(4)</sup> |  |  | **3.28%** |  |  | **3.33%** |  |  | **3.25%** |
| **Total deposits** | $**2867413** | $**23995** | **3.32%** | $**2720740** | $**22505** | **3.32%** | $**2427767** | $**23057** | **3.78%** |
| **Total funding** <sup>(5)</sup> | $**2910522** | $**24493** | **3.34%** | $**2792026** | $**23318** | **3.35%** | $**2443615** | $**23279** | **3.79%** |

---

*(1)Total loans include both loans held-for-sale and loans held-for-investment.*

*(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.*

*(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.*

*(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.*

*(5)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.*

*(6)Annualized.*

------

**PCB Bancorp and Subsidiary**

**Average Balance, Average Yield, and Average Rate (Unaudited)**

($ in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **9/30/2025** | **9/30/2025** | **9/30/2025** | **9/30/2024** | **9/30/2024** | **9/30/2024** |
| | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> |
| **Assets** | | | | | | |
| Interest-earning assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans <sup>(1)</sup> | $2738957 | $134697 | 6.58% | $2413777 | $121992 | 6.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities | 117040 | 3387 | 3.87% | 105933 | 2750 | 3.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligation | 20530 | 610 | 3.97% | 23137 | 747 | 4.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;SBA loan pool securities | 5322 | 141 | 3.54% | 6925 | 221 | 4.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds <sup>(2)</sup> | 2405 | 65 | 3.61% | 3077 | 81 | 3.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 4617 | 141 | 4.08% | 4211 | 141 | 4.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 246396 | 8630 | 4.68% | 201951 | 8566 | 5.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 3135267 | 147671 | 6.30% | 2759011 | 134498 | 6.51% |
| Noninterest-earning assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 23817 |  |  | 22845 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ACL on loans | (32063) |  |  | (28251) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 100101 |  |  | 89784 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 91855 |  |  | 84378 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3227122** |  |  | $**2843389** |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |
| Interest-bearing liabilities |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW and money market accounts | $543570 | 14767 | 3.63% | $474584 | 14670 | 4.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 5488 | 10 | 0.24% | 6432 | 12 | 0.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1669484 | 54287 | 4.35% | 1380379 | 52878 | 5.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2218542 | 69064 | 4.16% | 1861395 | 67560 | 4.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 39586 | 1356 | 4.58% | 35427 | 1485 | 5.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2258128 | 70420 | 4.17% | 1896822 | 69045 | 4.86% |
| Noninterest-bearing liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand | 530558 |  |  | 537682 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 64997 |  |  | 56019 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 595555 |  |  | 593701 |  |  |
| Total liabilities | 2853683 |  |  | 2490523 |  |  |
| Total shareholders' equity | 373439 |  |  | 352866 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3227122** |  |  | $**2843389** |  |  |
| **Net interest income** |  | $**77251** |  |  | $**65453** |  |
| **Net interest spread** <sup>(3)</sup> |  |  | **2.13%** |  |  | **1.65%** |
| **Net interest margin** <sup>(4)</sup> |  |  | **3.29%** |  |  | **3.17%** |
| **Total deposits** | $**2749100** | $**69064** | **3.36%** | $**2399077** | $**67560** | **3.76%** |
| **Total funding** <sup>(5)</sup> | $**2788686** | $**70420** | **3.38%** | $**2434504** | $**69045** | **3.79%** |

---

*(1)Total loans include both loans held-for-sale and loans held-for-investment.*

*(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.*

*(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.*

*(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.*

*(5)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.*

*(6)Annualized.*

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**PCB Bancorp and Subsidiary**

**Non-GAAP Financial Measures**

($ in thousands)

**Return on average tangible common equity, tangible common equity per common share and tangible common equity to total assets ratios**

The Company's TCE is calculated by subtracting preferred stock from shareholders' equity. The Company had no intangible assets for the presented periods. ROATCE, TCE per common share, and TCE to total assets constitute supplemental financial information determined by methods other than in accordance with Generally Accepted Accounting Principles, or GAAP. These non-GAAP financial measures are used by management in its analysis of the Company's performance. These non-GAAP financial measures should not be viewed as substitutes for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. The following tables provide reconciliations of the non-GAAP financial measures with financial measures defined by GAAP.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **($ in thousands)** | | **9/30/2025** | **6/30/2025** | **9/30/2024** | **9/30/2025** | **9/30/2024** |
| Average total shareholders' equity | (a) | $379834 | $372629 | $357376 | $373439 | $352866 |
| Less: average preferred stock | (b) | 69141 | 69141 | 69141 | 69141 | 69141 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average TCE | (c)=(a)-(b) | 310693 | 303488 | 288235 | 304298 | 283725 |
| Net income | (d) | $11412 | $9071 | $7814 | $28218 | $18780 |
| &nbsp;&nbsp;&nbsp;&nbsp;ROAE <sup>(1)</sup> | (d)/(a) | 11.92% | 9.76% | 8.70% | 10.10% | 7.11% |
| Net income available to common shareholders | (e) | 11326 | 8984 | 7468 | 28005 | 18292 |
| &nbsp;&nbsp;&nbsp;&nbsp;ROATCE <sup>(1)</sup> | (e)/(c) | 14.46% | 11.87% | 10.31% | 12.30% | 8.61% |

---

*(1) Annualized.*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **($ in thousands, except per share data)** | | **9/30/2025** | **6/30/2025** | **12/31/2024** | **9/30/2024** |
| Total shareholders' equity | (a) | $384501 | $376500 | $363814 | $362300 |
| Less: preferred stock | (b) | 69141 | 69141 | 69141 | 69141 |
| &nbsp;&nbsp;&nbsp;&nbsp;TCE | (c)=(a)-(b) | 315360 | 307359 | 294673 | 293159 |
| Outstanding common shares | (d) | 14277164 | 14336602 | 14380651 | 14266725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Book value per common share | (a)/(d) | $26.93 | $26.26 | $25.30 | $25.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;TCE per common share | (c)/(d) | 22.09 | 21.44 | 20.49 | 20.55 |
| Total assets | (e) | $3363506 | $3305589 | $3063971 | $2889833 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity to total assets | (a)/(e) | 11.43% | 11.39% | 11.87% | 12.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;TCE to total assets | (c)/(e) | 9.38% | 9.30% | 9.62% | 10.14% |

---

## Exhibit 99.2

![](pcbinvestordeck3q25001.jpg)

Earnings Results 3Q25 October 23, 2025 PCB BANCORP

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2 Forward-Looking Statements & Non-GAAP Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan," or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the restatement of our consolidated financial statements at and for the quarter ended March 31, 2025; material weaknesses in the Company's internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company's ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures, that impact general sentiment regarding the stability and liquidity of banks that could affect our financial performance and our stock price; changes to valuations of the Company's assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; changes to the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber security risks; the Company's ability to successfully deploy new technology; the success of acquisitions and branch expansion; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company's enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in various securities law filings made periodically by the Company, copies of which are available without charge on the SEC's website at www.sec.gov and the on the investor relations section of the Company's website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward- looking statements. Any forward-looking statements presented herein are made only as of the date of this presentation, and we do not undertake any obligation to update or revise any forward- looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts or is subject to adjustments that have the effect of excluding amounts that are included in the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles, or GAAP. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are provided in the Non-GAAP Measures section of this presentation. References to the "Company," "we," or "us" refer to PCB Bancorp and references to the "Bank" refer to the Company's subsidiary, PCB Bank.

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Market Information 10/21/25 Market Cap $293.0 million Stock Price Per Share $20.56 52-Week Range $16.00 - $22.45 Dividend Yield 3.89% Dividend Payout Ratio (4Q24 – 3Q25) 32.23% Outstanding Shares 14,252,480 Stock Information 3Q25 or 9/30/25 Diluted Earnings Per Share ("Diluted EPS") $0.79 Cash Dividend Per Share $0.20 Book Value ("BV") Per Share $26.93 Tangible Common Equity ("TCE") Per Share (1) $22.09 Number of Repurchased Shares (2) 106,463 (1) Not presented in accordance with GAAP. See "Non-GAAP Measures" for reconciliation of this measure to its most comparable GAAP measure. (2) The Company is authorized to purchased additional shares of 322,010 shares under the current stock repurchase program as of 09/30/25. PCB Footprint Corporate Profile 3

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Historical Performance $1.58 $1.73 $2.05 $2.32 $2.63 $2.75 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2020 2021 2022 2023 2024 Sep-25 Held-For-Investment Loans ($bn) $1.59 $1.87 $2.05 $2.35 $2.62 $2.91 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2020 2021 2022 2023 2024 Sep-25 Deposits ($bn) $16.2 $40.1 $35.0 $30.7 $25.8 $28.2 $36.2 $52.4 $53.0 $43.1 $39.7 $42.4 0.000 10.000 20.000 30.000 40.000 50.000 60.000 2020 2021 2022 2023 2024 09/25 YTD Net Income/PTPP Income ($mm) Net Income PTPP Income CAGR +13.5% CAGR +13.2% $0.40 $0.44 $0.60 $0.69 $0.72 $0.60 $1.05 $2.62 $2.31 $2.12 $1.74 $1.94 $15.19 $17.24 $22.94 $24.46 $25.30 $26.93 $18.21 $19.62 $20.49 $22.09 -$5.00 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 2020 2021 2022 2023 2024 09/25 YTD Cash Dividend/Diluted EPS & BV/TCE Per Share Cash Dividend Per Share Diluted EPS BV Per Share TCE Per Share (1) At period end (2) Not presented in accordance with GAAP. See "Non-GAAP Financial Measures" for reconciliations of these measures to their most comparable GAAP measures (1), (2)(1) (2) 4 Annualized +6.2% Annualized +15.2%

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3Q25 Highlights Operating Results • Net income available to common shareholders of $11.3 million, or $0.78 per diluted share • Reversal for credit losses of $381 thousand • Return on Average Assets ("ROAA") of 1.35%, Return on Average TCE ("ROATCE")(1) of 14.46%, net interest margin of 3.28%, and efficiency ratio of 48.9% Loans • Loans held-for-investment ("HFI loans") decreased $42.8 million, or 1.5%, to $2.80 billion from 6/30/25 • Average loan yield was 6.58% compared to 6.56% for 2Q25 • Total loans to deposits ratio was 94.8% • Quarterly loan production was $136.7 million for 3Q25 compared to $148.6 million for 2Q25 Asset Quality • ACL on loans was $33.0 million, or 1.20% to HFI loans • Past due loans were $1.5 million, or 0.06% of HFI loans and NPLs were $8.2 million, or 0.30% of HFI loans Deposits • Total deposits increased $90.6 million, or 3.2%, to $2.82 billion from 6/30/25 • Core deposits(1) were $1.80 billion, or 61.8% of total deposits • Noninterest-bearing deposits were $551.3 million, or 18.9% of total deposits • Uninsured deposits were $1.28 billion, or 43.8% of total deposits • Cost of average interest-bearing deposits and total deposits were 4.09% and 3.32%, respectively Capital & Liquidity • Declared and paid quarterly cash dividend of $0.20 per share • TCE(1) per share was $22.09 • Maintained available borrowing capacity of $1.70 billion, or 50.5% of total assets (1) Not presented in accordance with GAAP. See "Non-GAAP Financial Measures" for a reconciliation to most comparable GAAP measure 5

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Selected Financial As of or For the Three Months Ended Compared to 6/30/25 Compared to 9/30/24 ($ in Thousands, Except Per Share Data) 9/30/25 6/30/25 9/30/24 Amount Percentage Amount Percentage Income Statement Summary: Interest Income $51,471 $49,308 $45,998 $2,163 4.4% $5,473 11.9% Interest Expense 24,493 23,318 23,279 1,175 5.0% 1,214 5.2% Net Interest Income 26,978 25,990 22,719 988 3.8% 4,259 18.7% Noninterest Income 3,414 3,297 2,620 117 3.5% 794 30.3% Noninterest Expense 14,869 14,829 14,602 40 0.3% 267 1.8% Provision for Credit Losses (381) 1,787 50 (2,168) -121.3% (431) -862.0% Pretax Income 15,904 12,671 10,687 3,233 25.5% 5,217 48.8% Income Tax Expense 4,492 3,600 2,873 892 24.8% 1,619 56.4% Net Income 11,412 9,071 7,814 2,341 25.8% 3,598 46.0% Preferred Stock Dividends 86 87 346 (1) -1.1% (260) -75.1% Net Income Available to Common Shareholders 11,326 8,984 7,468 2,342 26.1% 3,858 51.7% Diluted EPS $0.78 $0.62 $0.52 $0.16 25.8% $0.26 50.0% Selected Balance Sheet Items: HFI loans $2,752,514 $2,795,309 $2,629,387 $(42,795) -1.5% $123,127 4.7% HFS loans 9,634 8,133 6,292 1,501 18.5% 3,342 53.1% Total Deposits 2,913,502 2,822,915 2,615,791 90,587 3.2% 297,711 11.4% Total Assets 3,363,506 3,305,589 3,063,971 57,917 1.8% 299,535 9.8% Shareholders' Equity 384,501 376,500 363,814 8,001 2.1% 20,687 5.7% TCE (2) 315,360 307,359 294,673 8,001 2.6% 20,687 7.0% Key Metrics: BV Per Share $26.93 $26.26 $25.30 $0.67 2.6% $1.63 6.4% TCE Per Share (1) $22.09 $21.44 $20.49 $0.65 3.0% $1.60 7.8% ROAA (2) 1.35% 1.13% 1.08% 0.22% 0.27% Return on Average Equity ("ROAE") (2) 11.92% 9.76% 8.70% 2.16% 3.22% ROATCE (1), (2) 14.46% 11.87% 10.31% 2.59% 4.16% Net Interest Margin (2) 3.28% 3.33% 3.25% -0.05% 0.03% Efficiency Ratio (3) 48.92% 50.63% 57.63% -1.71% -8.71% (1) Not presented in accordance with GAAP. See "Non-GAAP Financial Measures" for reconciliations of these measures to their most comparable GAAP measures (2) Annualized (3) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income 6

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![](pcbinvestordeck3q25007.jpg)

$1,571 $1,614 $1,631 $1,661 $1,752 $1,815 $1,886 $1,878 $342 $372 $417 $407 $473 $495 $493 $465$410 $412 $401 $398 $404 $418 $416 $410 $2,323 $2,398 $2,449 $2,466 $2,629 $2,728 $2,795 $2,753 0 500 1,000 1,500 2,000 2,500 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 HFI Loan Trend ($mm) Commercial Real Estate Commercial & Industrial Consumer 7 Loan Overview YoY +11.6% (1) Per regulatory definition in the Commercial Real Estate ("CRE") Concentration Guidance $1,063 $1,103 $1,081 $1,100 $1,175 $1,220 $1,274 $1,264 281% 289% 281% 282% 297% 304% 313% 306% 0% 50% 100% 150% 200% 250% 300% 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1,000.0 1,100.0 1,200.0 1,300.0 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Commercial Real Estate(1) Loan Trend ($mm) CRE Loans % to the Bank's Total Risk-Based Capital Commercial Property 38% Business Property 23% Multifamily 6% Construction 1% Commercial & Industrial 17% Consumer 15% HFI Loan Composition September 30, 2025 $2.80B 3Q25 Highlights • HFI loans decreased $42.8 million, or 1.5%, to $2.75 billion in 3Q25 • CRE loans decreased $8.9 million (0.5%), C&I loans decreased $27.4 million (5.6%) and consumer loans decreased $6.5 million (1.6%)

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![](pcbinvestordeck3q25008.jpg)

8 Loan Production & Rate/Yield Analysis (1) Total commitment basis (2) Include both HFI and HFS loans (3) Annualized $17 $19 $11 $0 $9 $28 $44 $5 $27 $77 $24 $7 $30 $80 $62 $55 $41 $114 $194 $119 $66 $163 $122 $72 $50 $91 $158 $290 $154 $73 $195 $211 $161 $149 $137 7.95% 7.90% 8.40% 8.78% 7.56% 7.23% 7.04% 6.97% 7.36% -8% -6% -4% -2% 0% 2% 4% 6% 8% 0 50 100 150 200 250 300 350 400 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 New Production(1) by Rate Type ($mm) Fixed Hybrid Variable WA Rate Fixed (WA Rate: 5.60%) 18% Variable (WA Rate: 7.38%) 42% Hybrid (WA Rate: 5.51%) 40% HFI Loans Interest Rate Mix 22% 21% 20% 19% 18% 18% 18% 18% 18% 39% 39% 39% 37% 38% 37% 38% 38% 40% 39% 40% 41% 44% 44% 45% 44% 44% 42% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 HFI Loans Interest Rate Mix Trend Fixed Hybrid Variable September 30, 2025 HFI Loans WA Rate 6.32% Repricing Schedule (9/30/25) HFI Loans HFS Loans Total Loans ($ in thousands) Carrying Value WA Rate Carrying Value WA Rate Carrying Value WA Rate Less Than 3 Months $1,141,172 7.36% $9,634 8.80% $1,150,806 7.37% 3 to 12 Months 286,767 4.55% 0 286,767 4.55% 1 to 3 Years 626,584 5.15% 0 626,584 5.15% 3 to 5 Years 652,445 6.46% 0 652,445 6.46% More than 5 Years 45,546 5.36% 0 45,546 5.36% Total $2,752,514 6.32% $9,634 8.80% $2,762,148 6.33% Loan Yield Analysis 3Q25 09/25 YTD ($ in thousands) Amount(2) Yield(3) Amount(2) Yield(3) Average Carrying Value $2,784,148 $2,738,957 Interest on Loans $45,197 6.44% $131,539 6.42% Fee (Cost) 319 0.05% 919 0.04% Prepayment Penalty & Late Charges 114 0.02% 194 0.01% Discount (Premium) 563 0.08% 2,045 0.10% Total Interest & Fees $46,193 6.58% $134,697 6.58%

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![](pcbinvestordeck3q25009.jpg)

Carrying Value % to Total Count WA LTV(1) WA Rate Maturing ($ in thousands) <= 1 Year 2-3 Years 3-5 Years > 5 Years Retail (More Than 50%) $402,902 21.5% 328 47.5% 6.09% $65,469 $58,151 $143,561 $135,721 Industrial 285,836 15.2% 167 48.0% 5.77% 23,668 63,352 105,912 92,904 Mixed Use 201,660 10.7% 149 45.3% 6.02% 23,983 52,406 56,332 68,939 Apartments 154,087 8.2% 68 53.0% 5.42% 5,442 39,498 75,727 33,420 Office 150,617 8.0% 65 53.0% 6.39% 38,849 22,337 57,591 31,840 Motel & Hotel 142,135 7.6% 99 45.8% 7.22% 2,854 34,624 38,575 66,082 Gas Station 116,712 6.2% 126 47.2% 6.86% 617 21,786 35,111 59,198 Medical 62,243 3.3% 31 44.4% 6.98% 10,789 30,671 8,700 12,083 Golf Course 47,583 2.5% 8 37.6% 5.50% 0 5,278 37,139 5,166 Auto (Sales, Repair, & etc.) 38,491 2.1% 31 52.0% 5.57% 6,224 19,414 5,658 7,195 Commercial Condominium 35,400 1.9% 39 52.2% 6.25% 4,013 9,479 13,523 8,385 Spa, Sauna, & Oher Self-Care 33,607 1.8% 8 49.7% 6.21% 0 0 22,838 10,769 Car Wash 31,826 1.7% 26 46.0% 6.60% 9,240 6,175 7,314 9,097 Nursing Facility 26,139 1.4% 8 50.1% 6.66% 0 3,029 15,714 7,396 Construction 25,911 1.4% 4 56.5% 8.56% 25,911 0 0 0 Wholesale 25,821 1.4% 16 38.3% 5.71% 4,398 129 17,032 4,262 Others 96,600 5.1% 83 49.9% 6.52% 4,868 6,366 22,307 63,059 Total $1,877,570 100.0% 1,256 48.1% 6.21% $226,325 $372,695 $663,034 $615,516 Loan Concentration (1) Collateral value at origination Los Angeles County 62% Orange County 9% Riverside County 4% San Bernardino County 4% Northern CA Counties 1% Other CA Counties 1% NY/NJ 7% Texas 6% Washington 3% Other States 3% Commercial Real Estate Loans Geographic Concentration (9/30/25) $1.88B CA: $1.52B (81%) Commercial Real Estate Loans by Property Type (9/30/25) ($ in thousands) Carrying Value WA LTV(1) WA FICO Residential Mortgage $401,653 58.1% 761 Residential Mortgage Loans (9/30/25) 9

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![](pcbinvestordeck3q25010.jpg)

Loan Concentration Carrying Value % to Total WA Rate WA Month to Maturity($ in thousands) Finance & Insurance $133,345 28.6% 6.82% 5 General Manufacturing & Wholesale Trade 105,637 22.7% 6.93% 21 Retail Trade 55,109 11.8% 7.43% 35 Real Estate Related 46,366 10.0% 7.08% 20 Food Services 42,676 9.2% 8.09% 49 Arts, Entertainment, & Recreation 22,156 4.8% 7.64% 8 Professional, Scientific, & Technical Services 16,026 3.4% 7.50% 13 Construction 10,376 2.2% 7.62% 31 Other Services 9,590 2.1% 7.72% 22 Transportation & Warehousing 9,442 2.0% 8.04% 27 All Other 14,701 3.2% 7.58% 83 Total $465,424 100.0% 7.21% 22 Los Angeles County 44% Orange County 15% Other CA Counties 7% Northern CA Counties 3% San Bernardino County 2% Riverside County 0% Georgia 8% NY/NJ 7% Texas 3% Other States 11% Commercial & Industrial Loans Geographic Concentration (9/30/25) Commercial & Industrial Loans by Industry Type (9/30/25) $465MM CA: $328MM (71%) 10

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![](pcbinvestordeck3q25011.jpg)

Credit Quality & Peer(1) Comparison $6.5 $4.9 $7.5 $7.1 $4.7 $6.2 $8.9 $8.2 0 1 2 3 4 5 6 7 8 9 10 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Non-Performing Assets ("NPAs") ($mm) 0.23% 0.17% 0.26% 0.24% 0.15% 0.20% 0.27% 0.24% 0% 0% 0% 0% 0% 0% 0% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 NPAs to Total Assets 1.19% 1.18% 1.17% 1.17% 1.16% 1.17% 1.20% 1.20% 1% 1% 1% 1% 1% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 ACL on Loans to HFI Loans 703% 574% 383% 437% 653% 511% 376% 404% 0 1 2 3 4 5 6 7 8 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 ACL on Loans to Non-Performing HFI Loans (1) Korean-American banks operating in Southern California (2) Source: UBPR (3) PCB Bank's Peer Group per UBPR (4) Source: press releases concerning financial performance (3) 11 1.94% 1.27% 1.15% 0.89% 0.70% 0.47% 0.41% 0.30% 0.30% 0% 1% 1% 2% 2% 3% CBB USM Open Hope Peer Shinhan Hanmi Woori PCB NPAs / (Total Loans + OREO)(2) September 30, 2025 Peer Information: June 30, 2025 1.84% 1.50% 0.61% 0.43% 0.30% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% CBB Hope Open Hanmi PCB Classified Assets to Total Assets(4) September 30, 2025 Peer Information: June 30, 2025

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![](pcbinvestordeck3q25012.jpg)

Deposits (1) Not presented in accordance with GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure. $595 $538 $544 $540 $548 $564 $576 $551 $421 $484 $484 $492 $467 $513 $551 $669 $972 $1,021 $1,036 $1,073 $1,099 $1,185 $1,205 $1,252 $364 $360 $343 $355 $502 $452 $491 $441 $2,352 $2,403 $2,407 $2,460 $2,616 $2,714 $2,823 $2,914 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Deposit Trend ($mm) Noninterest DDA Retail Other Interest-Bearing Retail Time Deposits Wholesale Deposits Noninterest DDA 19% Retail Other Interest-Bearing 23% Retail Time Deposits 43% Wholesale Deposits 15% Deposit Composition $2.91B $1,472 $1,494 $1,503 $1,525 $1,508 $1,610 $1,683 $1,801 63% 62% 63% 62% 58% 59% 60% 62% 0% 10% 20% 30% 40% 50% 60% 70% 80% $500 $700 $900 $1,100 $1,300 $1,500 $1,700 $1,900 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Core Deposits(1) ($mm) Core Deposits % to Total Deposits Time Deposit Maturity Schedule (9/30/25) Retail Wholesale Total ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate Less Than 3 Months $402,165 4.26% $220,460 4.22% $622,625 4.24% 3 to 6 Months 421,368 4.30% 110,000 4.13% 531,368 4.27% 6 to 9 Months 204,388 4.16% 110,540 4.16% 314,928 4.16% 9 to 12 Months 220,242 4.22% 0 220,242 4.22% More than 12 Months 3,654 3.85% 0 3,654 3.85% Total $1,251,817 4.25% $441,000 4.18% $1,692,817 4.23% YoY +18.5% 3Q25 Highlights • Total deposits increased $90.6 million (3.2%) from 6/30/25 • Retail deposits increased $140.6 million (6.0%), but wholesale deposits decreased $50.0 million (10.2%) from 6/30/25 • Uninsured deposits were $1.28 billion (43.8% of total deposits) at 9/30/25 compared to $1.16 billion (41.3% of total deposits) at 6/30/25 September 30, 2025 12

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![](pcbinvestordeck3q25013.jpg)

Profitability (1) PTPP (Pre-Tax Pre-Provision) income, and adjusted EPS, ROAA and ROAE for PTPP are not presented in accordance with GAAP. See "Non-GAAP Financial measures" for reconciliations of these measures to their most comparable GAAP measures. $5.9 $4.7 $6.3 $7.8 $7.0 $7.7 $9.1 $11.4 $10.0 $7.6 $9.0 $10.7 $12.3 $12.4 $14.5 $15.5 0 2 4 6 8 10 12 14 16 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Net Income PTPP Net Income & PTPP(1) Income ($mm) $0.41 $0.33 $0.43 $0.52 $0.46 $0.53 $0.62 $0.78 $0.69 $0.53 $0.62 $0.72 $0.83 $0.85 $1.00 $1.07 0.00 0.20 0.40 0.60 0.80 1.00 1.20 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Diluted EPS Adjusted Diluted EPS Diluted EPS & Adjusted Diluted EPS(1) 0.89% 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% 1.35% 1.50% 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% 1.84% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 ROAA Adjusted ROAA ROAA & Adjusted ROAA(1) 6.82% 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% 11.49% 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% 16.21% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 ROAE Adjusted ROAE ROAE & Adjusted ROAE(1) 3Q25 Highlights • Net interest income increased $2.2 million and noninterest income increased $117 thousand, but noninterest expense increased $40 thousand compared to 2Q25 13

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![](pcbinvestordeck3q25014.jpg)

Noninterest Income & Expense $20.8 $19.4 $13.6 $13.5 $24.5 $16.6 $26.9 $29.0$25.1 $20.6 $12.7 $19.8 $39.3 $26.4 $31.0 $38.8 6.0% 8.2% 7.8% 8.8% 7.8% 7.3% 6.5% 6.4% 3.9% 5.6% 5.6% 5.6% 4.7% 5.3% 5.4% 5.6% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 0 10 20 30 40 50 60 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 SBA 7(A) Loans ($mm) Sold Production Premium % Gain % $8.4 $9.2 $9.2 $8.8 $8.4 $9.1 $8.8 $9.3 $6.1 $7.2 $6.0 $5.8 $5.5 $5.4 $6.0 $5.6 2.19% 2.33% 2.13% 2.04% 1.86% 1.87% 1.84% 1.77% 0% 1% 1% 2% 2% 3% 0 2 4 6 8 10 12 14 16 18 20 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest Expense Trend ($mm) Compensation All Other Expenses % to Average Total Assets 59.2% 68.3% 62.7% 57.6% 53.0% 53.9% 50.6% 48.9% 62.8% 66.1% 65.3% 64.7% 64.4% 59.7% 58.5% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Efficiency Ratio (2) PCB Peer Average 270 272 265 264 262 257 266 270 200 210 220 230 240 250 260 270 280 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Number of FTE(3) Employees (1) Annualized (2) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. Peer average data from UBPR (3) Full-time equivalent (1) $1.7 $1.8 $1.7 $1.8 $1.8 $1.7 $1.8 $1.6 $0.8 $1.1 $0.8 $0.8 $1.2 $0.9 $1.5 $1.8 32% 37% 31% 29% 38% 34% 44% 47% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 0 1 1 2 2 3 3 4 4 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest Income Trend ($mm) All Other Income Gain on Sale of Loans % of Gain on Sale of Loans

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![](pcbinvestordeck3q25015.jpg)

Net Interest Margin (1) Annualized 6.58% 6.66% 6.77% 6.82% 6.63% 6.59% 6.56% 6.58% 3.40% 3.10% 3.16% 3.25% 3.18% 3.28% 3.33% 3.28% 4.52% 4.85% 4.86% 4.85% 4.59% 4.28% 4.14% 4.10% 3.36% 3.76% 3.81% 3.79% 3.61% 3.45% 3.35% 3.34% 5.33% 5.33% 5.33% 5.26% 4.65% 4.33% 4.33% 4.29% 2% 3% 4% 5% 6% 7% 8% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Yield & Cost(1) Loan Yield Net Interest Margin Cost of Interest-Bearing Liabilities Cost of Funds Average Fed Funds Rate 3.33% 3.28% +0.07% 0.00% +0.09% -0.14% 2.80% 2.90% 3.00% 3.10% 3.20% 3.30% 3.40% 3.50% 3.60% 2Q25 Loan Yield Other Earning Assets Yield Int-Bearing Liabilities Cost Balance Sheet Mix 3Q25 Quarter-over-Quarter Impact to Net Interest Margin(1) 3Q25 Highlights • Net interest income increased $988 thousand to $27.0 million for 3Q25 from $26.0 million for 2Q25 • Net interest margin decreased to 3.28% for 3Q25 from 3.33% for 2Q25 mainly due to a decrease in average balance of earning assets, partially offset by an increase in loan yield and a decrease in cost of interest-bearing liabilities. 15

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![](pcbinvestordeck3q25016.jpg)

Capital 11.57% 11.52% 14.00% 15.24% 11.25% 13.61% 13.61% 14.85% 5.00% 6.50% 8.00% 10.00% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Tier 1 Leverage CET 1 Capital Tier 1 Capital Total Capital Regulatory Capital Ratios Consolidated Bank Minimum Requirement For Well-Capitalized $24.46 $24.54 $24.80 $25.39 $25.30 $25.78 $26.26 $26.93 $19.62 $19.69 $19.95 $20.55 $20.49 $20.97 $21.44 $22.09 $12 $14 $16 $18 $20 $22 $24 $26 $28 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Book Value/TCE Per Share(1) BV Per Share TCE Per Share September 30, 2025 12.51% 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% 11.43% 10.03% 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% 9.38% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Total Equity/TCE to Total Assets(1) Total Equity to Total Assets TCE to Total Assets (1) Not presented in accordance with GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure. 16

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![](pcbinvestordeck3q25017.jpg)

Non-GAAP Financial Measures To supplement the financial information presented in accordance with GAAP, we use certain non-GAAP financial measures. Management believes the non-GAAP measures enhance investors' understanding of the Company's business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. Risks associated with non-GAAP measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. In the information below, we provide reconciliations of the non-GAAP financial measures used in this presentation to the most direct comparable GAAP measures. Core Deposits Core Deposits are a non-GAAP measure that we use to measure the portion of our total deposits that are thought to be more stable, lower cost and reprice less frequently on average in a rising rate environment. We calculate core deposits as total deposits less time deposits greater than $250,000 and brokered deposits. We track core deposits because we believe it is a useful measure to help assess the Company's deposit base and, among other things, potential volatility therein. ROATCE, TCE Per Share and TCE to Total Assets ROATCE, TCE per share and TCE to total assets measures that we use to measure the Company's performance. We calculated TCE as total shareholders' equity excluding preferred stock. Management believes the non-GAAP measures provide useful supplemental information and a clearer understanding of the Company's performance. PTPP Income, and Adjusted ROAA, ROAE and Diluted EPS for PTPP PTPP income, and adjusted ROAA, ROAE and Diluted EPS are non-GAAP measures that we use to measure the Company's performance and believe these presentations provide useful supplemental information and a clearer understanding of the Company's performance. We calculated PTPP income as net income excluding income tax provision and provision for loan losses. 17

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![](pcbinvestordeck3q25018.jpg)

Non-GAAP Financial Measures The following table reconciles core deposits to its most comparable GAAP measure: ($ in thousands) Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Total Deposits (d) $2,351,612 $2,402,840 $2,406,254 $2,459,682 $2,615,791 $2,714,399 $2,822,915 $2,913,502 Less: Time Deposits Greater Than $250K (575,702) (609,550) (619,832) (640,166) (665,124) (712,458) (709,160) (731,517) Less: Brokered Deposits (303,742) (299,776) (283,033) (295,080) (442,284) (392,284) (431,001) (381,001) Core Deposits (e) $1,472,168 $1,493,514 $1,503,389 $1,524,436 $1,508,383 $1,609,657 $1,682,754 $1,800,984 Core Deposits to Total Deposits (e)/(d) 62.6% 62.2% 62.5% 62.0% 57.7% 59.3% 59.6% 61.8% The following table reconciles ROATCE to its most comparable GAAP measure: ($ in thousands) 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Average Total Shareholders' Equity (a) $343,735 $349,644 $351,221 $357,376 $363,828 $367,710 $372,629 $379,834 Less: Average Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 Average TCE (Non-GAAP) (b) $274,594 $280,503 $282,080 $288,235 $294,687 $298,569 $303,488 $310,693 Net Income (c) $5,908 $4,685 $6,281 $7,814 $7,030 $7,735 $9,071 $11,412 ROAE (1) (c)/(a) 6.82% 5.32% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% Net Income Available to Common Shareholders (d) $5,908 $4,685 $6,139 $7,468 $6,684 $7,695 $8,984 $11,326 ROATCE (Non-GAAP)(1) (d)/(b) 8.54% 6.63% 8.75% 10.31% 9.02% 10.45% 11.87% 14.46% The following table reconciles TCE per share and TCE to total assets to their most comparable GAAP measures: ($ in thousands, except per share data) Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Total Shareholders' Equity (a) $348,872 $350,005 $353,469 $362,300 $363,814 $370,864 $376,500 $384,501 Less: Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 TCE (Non-GAAP) (b) $279,731 $280,864 $284,328 $293,159 $294,673 $301,723 $307,359 $315,360 Outstanding Shares (c) 14,260,440 14,263,791 14,254,024 14,266,725 14,380,651 14,387,176 14,336,602 14,277,164 Book Value Per Share (a)/(c) $24.46 $24.54 $24.80 $25.39 $25.30 $25.78 $26,26 $26.93 TCE Per Share (Non-GAAP) (b)/(c) $19.62 $19.69 $19.95 $20.55 $20.49 $20.97 $21,44 $22.09 Total Assets (d) $2,789,506 $2,854,292 $2,852,964 $2,889,833 $3,063,971 $3,183,758 $3,305,589 $3,363,506 Total Shareholders' Equity to Total Assets (a)/(d) 12.51% 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% 11.43% TCE to Total Assets (Non-GAAP) (b)/(d) 10.03% 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% 9.38% (1) Annualized 18

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![](pcbinvestordeck3q25019.jpg)

Non-GAAP Financial Measures (1) Provision (reversal) for credit losses does not include provision (reversal) for off-balance sheet credit exposures for years ended December 31, 2020, 2021 and 2022. (2) Annualized. The following table reconciles PTPP income, and adjusted ROAA, ROAE and diluted EPS for PTPP to their most comparable GAAP measures: ($ in thousands) 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Net Income (a) $5,908 $4,685 $6,281 $7,814 $7,030 $7,735 $9,071 $11,412 Add: Provision (Reversal) for Credit Losses 1,698 1,090 259 50 2,002 1,598 1,787 (381) Add: Income Tax Provision 2,352 1,817 2,505 2,873 3,281 3,056 3,600 4,492 PTPP Income (Non-GAAP) (b) $9,958 $7,592 $9,045 $10,737 $12,313 $12,389 $14,458 $15,523 Average Total Assets (c) $2,642,175 $2,809,808 $2,853,152 $2,866,707 $2,980,641 $3,097,516 $3,226,395 $3,354,588 ROAA (2) (a)/(c) 0.89% 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% 1.35% Adjusted ROAA (Non-GAAP)(2) (b)/(c) 1.50% 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% 1.84% Average Total Shareholders' Equity (d) $343,735 $349,644 $351,221 $357,376 $363,828 $367,710 $372,629 $379,834 ROAE (2) (a)/(d) 6.82% 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% Adjusted ROAE (Non-GAAP)(2) (b)/(d) 11.49% 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% 16.21% Net Income available to common shareholders $5,908 $4,685 $6,139 $7,468 $6,684 $7,695 $8,984 $11,326 Less: Income Allocated to Participating Securities (17) (9) (11) (11) (16) (61) (72) (91) Net Income Allocated to Common Stock (e) 5,891 4,676 6,128 7,457 6,668 7,634 8,912 11,235 Add: Provision for Loan Losses 1,698 1,090 259 50 2,002 1,598 1,787 (381) Add: Income Tax Provision 2,352 1,817 2,505 2,873 3,281 3,056 3,600 4,492 PTPP Income Allocated to Common Stock (f) $9,941 $7,583 $8,892 $10,380 $11,951 $12,288 $14,299 $15,346 WA common shares outstanding, diluted (g) 14,316,581 14,330,204 14,312,949 14,356,384 14,406,756 14,403,769 14,326,011 14,325,956 Diluted EPS (e)/(g) $0.41 $0.33 $0.43 $0.52 $0.46 $0.53 $0.62 $0.78 Adjusted Diluted EPS (Non-GAAP) (f)/(g) $0.69 $0.53 $0.62 $0.72 $0.83 $0.85 $1.00 $1.07 19 ($ in thousands) 2020 2021 2022 2023 2024 09/25 YTD Net Income $16,175 $40,103 $34,987 $30,705 $25,810 $28,218 Add: Provision (Reversal) for Credit Losses(1) 13,219 (4,596) 3,602 (132) 3,401 3,004 Add: Income Tax Provision 6,836 16,856 14,416 12,557 10,476 11,148 PTPP Income (Non-GAAP) $36,230 $52,363 $53,005 $43,130 $39,687 $42,370

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## Exhibit 99.3

**Exhibit 99.3**

![pcbbancorp.jpg](pcbbancorp.jpg)

**PCB Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share**

Los Angeles, California - October 23, 2025 - PCB Bancorp (the "Company") (NASDAQ: PCB), the holding company of PCB Bank, announced that on October 22, 2025, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about November 14, 2025, to shareholders of record as of the close of business on November 7, 2025.

**<u>About PCB Bancorp</u>**

PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

**<u>Contact:</u>**

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

<br>