Private Bancorp of America, Inc. — Form 8-K
Filed October 16, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
Private Bancorp reported Q3 2026 net income of $11.4M ($1.97 diluted EPS), down from $13.1M in Q2 2026 but up from $9.7M in Q3 2025. The company completed its NASDAQ uplisting on July 30, 2026 (symbol PBAM), incurring $0.9M in uplisting costs during the quarter and $1.4M year-to-date. Loans HFI grew $54M (2.5% QoQ) to $2.19B; core deposits increased $31.8M (1.4% QoQ) to $2.36B. However, criticized loans jumped $13.9M to $71.9M (3.29% of total loans) due to a $8.8M bankruptcy filing on two related real estate investor loans and $3.7M in delinquencies on SBA 504 loans. Net interest margin compressed 13 bps to 5.05% from 5.18% in Q2. Tangible book value per share increased to $50.56 from $49.57. Assets are $2.75B.
Why this rating
NASDAQ uplisting is strategically positive but masked by credit deterioration. Criticized loans jumped 24% QoQ—material for a $2.75B bank. NIM compression and expense growth also concerning. Mixed signals limit materiality.
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