Filing Flows › PCB Bancorp (PCB) › Q1 2025
PCB Bancorp (PCB) Q1 2025 earnings results (first quarter 2025)
10-Q filed Jun 9, 2025
PCB Bancorp (PCB) reported revenue of $26.9M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +3% from the quarter before. Operating margin was 40.2%, net earnings $7.7M (28.8% of revenue).
PCB Bancorp, Q1 2025: revenue $26.9M (+12% year over year), operating margin 40.2%, net earnings $7.7M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.9M | +3% | +12% |
| Operating profit | $10.8M | +5% | +66% |
| Net earnings | $7.7M | +10% | +65% |
| Operating cash flow | $2.3M | -44% | -72% |
| Free cash flow | $1.6M | -62% | -73% |
What changed
Revenue was $26.9M in Q1 2025, up 12% year over year and up 3% from the previous quarter.
Operating profit was $10.8M, a 40.2% margin (up 13.0 points year over year). Of the extra revenue versus a year earlier, 147% reached operating profit, above the 27% margin then. Total costs fell 8% while revenue rose 12%. The fastest-growing cost line was Other operating costs (+47%). Net earnings were $7.7M, up 65% year over year. The effective tax rate was 28.3%.
Operating cash flow was $2.3M (down 72% year over year), 30% of net earnings. Non-cash charges added back $564K of depreciation and $230K of share-based compensation. Working capital and other items used $6.2M. Capital expenditures of $749K left free cash flow of $1.6M.
Questions
What was PCB Bancorp's revenue in the first quarter 2025?
PCB Bancorp (PCB) reported revenue of $26.9M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +3% from the quarter before.
Was PCB Bancorp profitable in the first quarter 2025?
Operating profit was $10.8M (40.2% of revenue) and net earnings $7.7M.
Source: PCB Bancorp 10-Q on SEC EDGAR.