Private Bancorp of America, Inc. Announces Record Net Income and Earnings Per Share for First Quarter 2023

April 21, 2023

First Quarter 2023 Highlights

LA JOLLA, Calif., April 21, 2023 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the first fiscal quarter ended March 31, 2023. The Company reported record net income of $9.0 million, or $1.57 per diluted share, for the first quarter of 2023 compared to $6.5 million, or $1.13 per diluted share, for the first quarter of 2022.

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