Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share and Exceeds $2 Billion in Assets in the Third Quarter 2023

October 20, 2023

Third Quarter 2023 Highlights

LA JOLLA, Calif., Oct. 20, 2023 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the third fiscal quarter ended September 30, 2023. The Company reported net income of $8.5 million, or $1.47 per diluted share, for the third quarter of 2023, which represents a 33.7% increase from $6.4 million, or $1.12 per diluted share, for the third quarter of 2022. 

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