PCB BANCORP Files 8-K on Financial Results & Operations

Ticker: PCB · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1423869

Pcb Bancorp 8-K Filing Summary
FieldDetail
CompanyPcb Bancorp (PCB)
Form Type8-K
Filed DateJan 25, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Key Dollar Amounts$0.18
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-condition, regulation-fd, corporate-update

TL;DR

**PCB BANCORP just dropped an 8-K with fresh financial results, so get ready for potential stock movement.**

AI Summary

PCB BANCORP filed an 8-K on January 25, 2024, to report its financial results and condition, along with other events and disclosures under Regulation FD. This filing indicates the company is providing an update on its operational performance, which is crucial for investors to assess the bank's health and future prospects. For shareholders, this means new data is available to evaluate their investment, potentially influencing stock price based on the reported financial strength or weakness.

Why It Matters

This filing provides investors with the latest financial performance data for PCB BANCORP, allowing them to make informed decisions about buying, holding, or selling the stock.

Risk Assessment

Risk Level: medium — The risk level is medium because while the filing itself is routine, the actual financial results it contains could significantly impact the stock price, positively or negatively.

Analyst Insight

A smart investor would await the full disclosure of the 'Results of Operations and Financial Condition' mentioned in Item 2.02 before making any investment decisions, as this filing only announces the event, not the detailed results.

Key Numbers

  • 001-38621 — Commission File Number (Identifies PCB BANCORP's registration with the SEC)
  • 20-8856755 — I.R.S. Employer Identification No. (Unique tax identification for PCB BANCORP)
  • 213-210-2000 — Business Phone Number (Contact information for PCB BANCORP)
  • 90010 — Zip Code (Part of PCB BANCORP's principal office address)

Key Players & Entities

  • PCB BANCORP (company) — the registrant filing the 8-K
  • January 25, 2024 (date) — date of earliest event reported and filing date
  • Nasdaq Global Select Market (company) — exchange where PCB BANCORP's common stock is registered
  • 001-38621 (dollar_amount) — Commission File Number for PCB BANCORP
  • 20-8856755 (dollar_amount) — I.R.S. Employer Identification No. for PCB BANCORP

Forward-Looking Statements

  • PCB BANCORP's stock price will react to the detailed financial results once they are fully disclosed. (PCB BANCORP) — high confidence, target: 2024-01-26
  • Analysts will issue updated ratings or price targets for PCB BANCORP based on the reported financial condition. (PCB BANCORP) — medium confidence, target: 2024-02-01

FAQ

What is the primary purpose of PCB BANCORP's 8-K filing on January 25, 2024?

The primary purpose of PCB BANCORP's 8-K filing on January 25, 2024, is to report 'Results of Operations and Financial Condition,' 'Regulation FD Disclosure,' and 'Other Events,' as indicated by the 'ITEM INFORMATION' section of the filing.

On which stock exchange is PCB BANCORP's common stock registered?

PCB BANCORP's common stock, with no par value, is registered on the Nasdaq Global Select Market, as stated under 'Securities registered pursuant to Section 12(b) of the Act' in the filing.

What is the business address of PCB BANCORP as listed in the filing?

The business address of PCB BANCORP is 3701 Wilshire Boulevard, Suite 900, Los Angeles, California 90010, according to the 'BUSINESS ADDRESS' section of the filing.

What is PCB BANCORP's Commission File Number?

PCB BANCORP's Commission File Number is 001-38621, as specified in the 'Commission File Number' section of the 8-K.

Did PCB BANCORP indicate if it is an emerging growth company in this filing?

The filing includes a checkbox '☐' next to the statement 'Indicate by check mark whether the registrant is an emerging growth company...', but it is not checked, implying PCB BANCORP does not identify as an emerging growth company in this context.

Filing Stats: 755 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-01-25 16:15:30

Key Financial Figures

  • $0.18 — s declared a quarterly cash dividend of $0.18 per common share. The dividend will be

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 25, 2024, PCB Bancorp, a California corporation (the "Company"), issued a press release concerning its unaudited results for the fourth quarter of 2023. 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.

01 Regulation FD Disclosure

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.

01 Other Events

Item 8.01 Other Events. On January 25, 2024, the Company issued a press release announcing that on January 25, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about February 16, 2024, to shareholders of record as of the close of business on February 9, 2024. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release of PCB Bancorp, issued January 25, 202 4 , concerning the results of operations and financial condition for the fourth quarter of 2023 99.2 Investor presentation of PCB Bancorp concerning the unaudited results for the fourth quarter of 2023 99.3 Press release of PCB Bancorp, issued January 25, 202 4 , announcing the declaration of a quarterly cash dividend 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

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: January 25, 2024 /s/ Timothy Chang Timothy Chang Executive Vice President and Chief Financial Officer 3

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