Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share for First Quarter 2024

April 19, 2024

First Quarter 2024 Highlights

LA JOLLA, Calif., April 19, 2024 (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, 2024. The Company reported net income of $7.9 million, or $1.36 per diluted share, for the first quarter of 2024, compared to $7.9 million, or $1.36, in the prior quarter, and $9.0 million, or $1.57, in the first quarter of 2023.

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