Private Bancorp Q3 profit comes in at $11.4 million

• Private Bancorp of America reported third-quarter 2026 net income of $11.4 million, with diluted earnings of $1.97 per share, up from $1.65 a year earlier.
• Net interest income increased 16.3% year over year to $34.1 million, although earnings declined from the preceding quarter and nonperforming assets increased.
• Loans reached $2.19 billion and core deposits totaled $2.36 billion, while the bank reported capital ratios above regulatory well-capitalized thresholds.

Private Bancorp of America (NASDAQ:PBAM) reported unaudited third-quarter 2026 net income of $11.4 million, with diluted earnings of $1.97 per share, reflecting year-over-year growth despite a sequential decline.

Diluted earnings fell from $2.27 in the previous quarter but increased from $1.65 a year earlier, while net interest income grew 16.3% annually to $34.1 million.

The bank reported a net interest margin of 5.05%, down from 5.18% in the second quarter but above the 4.65% recorded in the prior-year period.

Nonperforming assets increased to $43.3 million from $40.5 million at June 30, while noninterest expenses rose to $18.4 million, including approximately $900,000 in Nasdaq uplisting costs.

Private Bancorp reported regulatory capital ratios above well-capitalized thresholds.

Loans held for investment reached $2.19 billion at September 30, while core deposits totaled $2.36 billion, providing funding for the bank's lending activities.

Tangible book value per share increased to $50.56 from $49.57 in the preceding quarter, while Private Bancorp continued operating through its banking subsidiaries following its Nasdaq listing.