Slides
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3Q26 Earnings Results October 29, 2026
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Forward-Looking Statements & Non-GAAP 2 Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the conflict in the Middle East on the national and global economies and markets; the impact of governmental monetary policy; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company’s ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures, that impact general sentiment regarding the stability and liquidity of banks that could affect our financial performance and our stock price; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; changes to the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber security risks; the Company's ability to successfully deploy new technology; the success of acquisitions and branch expansion; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company’s enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in various securities law filings made periodically by the Company, copies of which are available without charge on the SEC’s website at www.sec.gov and the on the investor relations section of the Company’s website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this presentation, and we do not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts or is subject to adjustments that have the effect of excluding amounts that are included in the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles, or GAAP. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are provided in the Non-GAAP Measures section of this presentation. References to the “Company,” “we,” or “us” refer to PCB Bancorp and references to the “Bank” refer to the Company’s subsidiary, PCB Bank.
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Corporate Profile $28.98 Stock Price $407MM Market Cap $20.78-$30.84 52-Week Range 3.04% Dividend Yield PCB FootprintMarket Information (October 27, 2026) ❖ Founded in 2003 & Headquartered in Los Angeles ❖ 15 full-service branches & loan originators in 6 states 3 Shares Outstanding: 14,056,981
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$0.44 $0.60 $0.69 $0.72 $0.80 $0.66 $2.62 $2.31 $2.12 $1.74 $2.58 $2.33 $17.24 $22.94 $24.46 $25.30 $27.41 $28.61 $18.21 $19.62 $20.49 $22.55 $23.69 $(5.00) $- $5.00 $10.00 $15.00 $20.00 $25.00 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 2021 2022 2023 2024 2025 09/26 YTD Cash Dividend/Diluted EPS & BV/TCE Per Share Cash Dividend Per Share Diluted EPS BV Per Share TCE Per Share $40.1 $35.0 $30.7 $25.8 $37.5 $33.4 $52.4 $53.0 $43.1 $39.7 $56.5 $47.3 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 2021 2022 2023 2024 2025 09/26 YTD Net Income/PTPP Income ($mm) Net Income PTPP Income Historical Performance $1.73 $2.05 $2.32 $2.63 $2.82 $2.84 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 2021 2022 2023 2024 2025 Sep-26 Held - For - Investment Loans ($bn) $1.87 $2.05 $2.35 $2.62 $2.80 $3.08 $- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 2021 2022 2023 2024 2025 Sep-26 Deposits ($ bn ) CAGR +13.0% CAGR +10.6% (1), (2) (1) (2) Annualized +1.2% Annualized +13.4% (1) At period end. (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures. 4
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3Q26 Highlights 5 Operating Results • Net income available to common shareholders: $12.1 million ($0.85 per diluted share) • Return on Average Assets (“ROAA”): 1.38% • Return on Average Equity (“ROAE”): 12.03% • Return on Average TCE (“ROATCE”)(2): 14.42% • Net interest margin: 3.35% • Efficiency ratio(1): 49.56% Loans • Loans held-for-investment (“HFI loans”): $2.84 billion • Average loan yield: 6.45% • Total loans to deposits ratio: 92.54% • Quarterly loan production: $156.6 million Asset Quality • ACL on loans: $34.1 million • ACL on loans to HFI loans: 1.20% • Total past due & still accruing loans: $652 thousand (0.02% of HFI loans) • Non-performing assets (“NPAs”): $12.3 million (0.35% of total assets) Deposits • Total deposits: $3.08 billion • Core deposits(2): $1.98 billion (64.5% of total deposits) • Noninterest-bearing deposits: $579.8 million (18.8% of total deposits) • Cost of average interest-bearing deposits: 3.77% • Cost of total deposits: 3.07% Capital & Liquidity • Quarterly cash dividend: $0.22 per share • Book value per share: $28.61 • TCE per share(2): $23.69 • Repurchased shares: 69,087 shares @ WA repurchase price of $29.29 • Maintained available borrowing capacity: $1.87 billion (53.0% of total assets) (1) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation to most comparable GAAP measure.
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Selected Financials 6 (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures. (2) Annualized. (3) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. As of or For the Three Months Ended Compared to 6/30/26 Compared to 9/30/25 ($ in Thousands, Except Per Share Data) 9/30/26 6/30/26 9/30/25 Amount Percentage Amount Percentage Income Statement Summary: Interest Income $ 52,482 $ 50,040 $ 51,471 $ 2,442 4.9% $ 1,011 2.0% Interest Expense 23,663 22,546 24,493 1,117 5.0% (830) -3.4% Net Interest Income 28,819 27,494 26,978 1,325 4.8% 1,841 6.8% Noninterest Income 3,573 3,203 3,414 370 11.6% 159 4.7% Noninterest Expense 16,052 15,113 14,869 939 6.2% 1,183 8.0% Provision for Credit Losses (705) 926 (381) (1,631) -176.1% (324) 85.0% Pretax Income 17,045 14,658 15,904 2,387 16.3% 1,141 7.2% Income Tax Expense 4,837 4,151 4,492 686 16.5% 345 7.7% Net Income 12,208 10,507 11,412 1,701 16.2% 796 7.0% Preferred Stock Dividends 86 87 86 (1) -1.1% 0 0.0% Net Income Available to Common Shareholders 12,122 10,420 11,326 1,702 16.3% 796 7.0% Diluted EPS $ 0.85 $ 0.73 $ 0.78 $ 0.12 16.4% $ 0.07 9.0% Selected Balance Sheet Items: HFI loans $ 2,844,856 $ 2,932,019 $ 2,752,514 $ (87,163) -3.0% $ 92,342 3.4% HFS loans 2,318 2,937 9,634 (619) -21.1% (7,316) -75.9% Total Deposits 3,076,593 2,922,659 2,913,502 153,934 5.3% 163,091 5.6% Total Assets 3,537,672 3,470,124 3,363,506 67,548 1.9% 174,166 5.2% Shareholders’ Equity 402,130 400,463 384,501 1,667 0.4% 17,629 4.6% TCE (1), (2) 332,989 331,322 315,360 1,667 0.5% 17,629 5.6% Key Metrics: BV Per Share $ 28.61 $ 28.40 $ 26.93 $ 0.21 0.7% $ 1.68 6.2% TCE Per Share (1) $ 23.69 $ 23.49 $ 22.09 $ 0.20 0.9% $ 1.60 7.2% ROAA (2) 1.38% 1.24% 1.35% 0.14% 0.03% Return on Average Equity (“ROAE”) (2) 12.03% 10.55% 11.92% 1.48% 0.11% ROATCE (1), (2) 14.42% 12.65% 14.46% 1.77% -0.04% Net Interest Margin (2) 3.35% 3.33% 3.28% 0.02% 0.07% Efficiency Ratio (3) 49.56% 49.23% 48.92% 0.33% 0.64%
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Loan Overview 7 $1,752 $1,815 $1,886 $1,878 $1,904 $1,953 $2,038 $1,976 $473 $495 $493 $465 $509 $521 $495 $449 $404 $418 $416 $410 $408 $399 $399 $420 $2,629 $2,728 $2,795 $2,753 $2,820 $2,874 $2,932 $2,845 - 500 1,000 1,500 2,000 2,500 3,000 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 HFI Loan Trend ($mm) Commercial Real Estate Commercial & Industrial Consumer Commercial Property 39% Business Property 23% Multifamily 7% Construction 0% Commercial & Industrial 16% Consumer 15% HFI Loan Composition September 30, 2026 $2.85B $1,175 $1,220 $1,274 $1,264 $1,285 $1,318 $1,356 $1,326 297% 304% 313% 306% 308% 310% 315% 304% 0% 50% 100% 150% 200% 250% 300% 300 500 700 900 1,100 1,300 1,500 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Commercial Real Estate (1) Loan Trend ($mm) CRE Loans % to the Bank's Total Risk-Based Capital (1) Per federal regulatory definition in the Commercial Real Estate (“CRE”) Concentration Guidance. YoY +3.4%
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Loan Production & Rate/Yield Analysis 8 $28 $44 $5 $23 $39 $30 $14 $80 $62 $55 $41 $48 $45 $71 $57 $122 $72 $50 $91 $91 $58 $66 $85 $211 $161 $149 $137 $161 $142 $167 $157 7.23% 7.04% 6.97% 7.36% 6.50% 6.35% 6.32% 6.45% -8% -6% -4% -2% 0% 2% 4% 6% 8% 0 50 100 150 200 250 300 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 New Production (1) by Rate Type ($mm) Fixed Hybrid Variable WA Rate Fixed (WA Rate: 5.82%) 19% Variable (WA Rate: 7.00%) 42% Hybrid (WA Rate: 5.84%) 39% HFI Loans Interest Rate Mix 18% 18% 18% 18% 18% 18% 18% 19% 37% 38% 38% 40% 40% 39% 39% 39% 45% 44% 44% 42% 43% 43% 43% 42% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 HFI Loans Interest Rate Mix Trend Fixed Hybrid Variable Repricing Schedule (09/30/26) HFI Loans HFS Loans Total Loans ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate 3 Months or Less $ 1,189,022 6.80% $ 2,318 8.18% $ 1,191,340 6.80% 3 to 12 Months 424,817 5.01% 0 424,817 5.01% 1 to 3 Years 336,500 6.60% 0 336,500 6.60% 3 to 5 Years 863,276 6.17% 0 863,276 6.17% More than 5 Years 31,241 6.75% 0 31,241 6.75% Total $ 2,844,856 6.32% $ 2,318 8.18% $ 2,847,174 6.32% Loan Yield Analysis 3Q26 09/26 YTD ($ in thousands) Amount(2) Yield(3) Amount(2) Yield(3) Average Carrying Value $ 2,902,481 $ 2,876,614 Interest on Loans $ 45,816 6.26% $ 134,375 6.25% Fee (Cost) 388 0.05% 945 0.04% Prepayment Penalty & Late Charges 191 0.03% 344 0.02% Discount (Premium) 759 0.10% 1,860 0.09% Total Interest & Fees $ 47,154 6.45% $ 137,524 6.39% (1) Total commitment basis. (2) Include both HFI and HFS loans. (3) Annualized.
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Loan Concentration 9 Amount % to Total Count WA LTV(1) WA Rate Maturing ($ in thousands) 1 Year or Less 1 to 3 Years 3 to 5 Years Over 5 Years Retail (More Than 50%) $ 446,040 22.7% 346 47.8% 6.04% $ 42,728 $ 91,478 $ 162,606 $ 149,228 Industrial 295,719 15.0% 168 48.3% 6.08% 34,575 57,210 125,644 78,290 Mixed Use 204,316 10.3% 155 45.5% 6.26% 30,537 51,515 64,613 57,651 Apartments 192,754 9.8% 73 54.6% 5.66% 25,146 66,913 55,605 45,090 Motel & Hotel 159,611 8.1% 95 46.9% 6.96% 18,726 31,781 45,262 63,842 Office 135,851 6.9% 64 53.3% 6.29% 9,658 17,745 62,236 46,212 Gas Station 111,524 5.6% 120 47.8% 6.88% 11,453 27,313 15,593 57,165 Medical 65,772 3.3% 33 44.1% 6.99% 35,109 8,467 6,171 16,025 Commercial Condominium 52,130 2.6% 46 49.0% 6.10% 9,139 6,252 18,414 18,325 Nursing Facility 44,065 2.2% 10 46.8% 6.83% 0 17,837 25,897 331 Spa, Sauna, & Other Self-Care 35,405 1.8% 8 43.8% 6.64% 0 0 27,275 8,130 Car Wash 34,467 1.7% 25 47.7% 6.49% 3,669 5,409 12,446 12,943 Auto (Sales, Repair, & etc.) 32,758 1.7% 28 49.0% 6.25% 0 17,952 8,821 5,985 Wholesale 27,518 1.4% 17 41.1% 6.05% 417 10,401 6,941 9,759 Church 18,711 0.9% 19 36.0% 6.55% 757 526 7,844 9,584 Golf Course 17,459 0.9% 7 50.2% 6.00% 5,114 7,272 4,631 442 Others 101,706 5.1% 74 51.3% 6.63% 16,362 9,769 37,392 38,183 Total $ 1,975,806 100.0% 1,288 48.4% 6.28% $ 243,390 $ 427,840 $ 687,391 $ 617,185 Commercial Real Estate Loans by Property Type (9/30/26) (1) Collateral value at origination. ($ in thousands) Amount WA LTV(1) WA FICO Residential Mortgage $ 414,487 57.0% 763 Residential Mortgage Loans (9/30/26) Los Angeles County 60% Orange County 9% San Bernardino County 3% Riverside County 2% Other CA Counties 1% Northern CA Counties 1% NY/NJ 8% Texas 7% Washington 3% Georgia 3% Other States 3% Commercial Real Estate Loans Geographic Concentration (9/30/26) $1.98B CA: $1.51B (76%)
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Loan Concentration 10 Carrying Value % to Total WA Rate WA Month to Maturity($ in thousands) General Manufacturing & Wholesale Trade $ 109,018 24.3% 6.85% 38 Finance & Insurance 105,142 23.4% 6.44% 6 Food Services 59,677 13.3% 7.52% 32 Real Estate Related 54,961 12.2% 6.91% 14 Retail Trade 54,529 12.1% 7.10% 28 Professional, Scientific, & Technical Services 18,401 4.1% 7.30% 19 Transportation & Warehousing 12,667 2.8% 7.50% 22 Health Care & Social Assistance 7,230 1.6% 6.93% 51 Construction 7,184 1.6% 7.27% 33 Other Services 6,562 1.5% 7.08% 14 All Other 13,954 3.1% 6.62% 174 Total $ 449,325 100.0% 6.92% 28 Los Angeles County 46% Orange County 16% Other CA Counties 8% Northern CA Counties 3% San Bernardino County 2% Riverside County 0% Georgia 7% NY/NJ 7% Texas 4% Other States 7% Commercial & Industrial Loans Geographic Concentration (9/30/26) $449MM CA: $336MM (75%) Commercial & Industrial Loans by Industry Type (9/30/26)
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Credit Quality & Peer(1) Comparison 11 $4.7 $6.2 $8.9 $8.2 $7.9 $9.3 $8.7 $12.3 0 1 2 3 4 5 6 7 8 9 10 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 NPAs ($mm) 0.15% 0.20% 0.27% 0.24% 0.24% 0.27% 0.25% 0.35% 0% 0% 0% 0% 0% 0% 0% 0% 0% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 NPAs to Total Assets 1.16% 1.17% 1.20% 1.20% 1.18% 1.18% 1.18% 1.20% 1% 1% 1% 1% 1% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 ACL on Loans to HFI Loans 653% 511% 376% 404% 422% 415% 398% 278% 0 1 2 3 4 5 6 7 8 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 ACL on Loans to Non - Performing HFI Loans 2.09% 1.96% 1.92% 1.79% 0.88% 0.78% 0.57% 0.43% 0.15% 0% 1% 1% 2% 2% 3% Open CBB Woori USM Hope Peer Shinhan PCB Hanmi NPAs / (Total Loans + OREO) (2) September 30, 2026 Peer Information: June 30, 2026 1.58% 1.08% 0.90% 0.57% 0.39% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% CBB Hope Open Hanmi PCB Classified Assets to Total Assets (4) September 30, 2026 Peer Information: June 30, 2026 (1) Korean-American banks operating in Southern California. (2) Source: UBPR. (3) PCB Bank’s Peer Group per UBPR. (4) Source: press releases concerning financial performance. (3)
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Deposits 12 $548 $564 $576 $551 $566 $570 $569 $580 $467 $513 $551 $669 $676 $681 $707 $816 $1,099 $1,185 $1,205 $1,252 $1,223 $1,260 $1,281 $1,315 $502 $452 $491 $441 $341 $376 $366 $366 $2,616 $2,714 $2,823 $2,914 $2,795 $2,888 $2,923 $3,077 - 500 1,000 1,500 2,000 2,500 3,000 3,500 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Deposit Trend ($mm) Noninterest DDA Retail Other Interest-Bearing Retail Time Deposits Wholesale Deposits Noninterest DDA 19% Retail Other Interest - Bearing 26% Retail Time Deposits 43% Wholesale Deposits 12% Deposit Composition $3.08B $1,610 $1,683 $1,801 $1,806 $1,827 $1,855 $1,984 59% 60% 62% 65% 63% 63% 64% 0% 10% 20% 30% 40% 50% 60% 70% 80% $500 $700 $900 $1,100 $1,300 $1,500 $1,700 $1,900 $2,100 $2,300 $2,500 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Core Deposits (1) ($mm) Core Deposits % to Total Deposits (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure. YoY 5.6% Time Deposit Maturity Schedule (9/30/26) Retail Wholesale Total ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate 3 Months or Less $ 418,640 3.90% $ 250,000 3.84% $ 668,640 3.88% 3 to 6 Months 478,217 3.92% 45,829 3.80% 524,046 3.91% 6 to 9 Months 203,258 3.88% 70,000 4.01% 273,258 3.92% 9 to 12 Months 212,791 4.10% 0 0.00% 212,791 4.10% More than 12 Months 1,946 3.10% 0 0.00% 1,946 3.10% Total $ 1,314,852 3.94% $ 365,829 3.87% $ 1,680,681 3.92%
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Profitability 13 $7.0 $7.7 $9.1 $11.4 $9.2 $10.7 $10.5 $12.2 $12.3 $12.4 $14.5 $15.5 $14.1 $15.4 $15.6 $16.3 0 2 4 6 8 10 12 14 16 18 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Net Income PTPP $0.46 $0.53 $0.62 $0.78 $0.64 $0.74 $0.73 $0.85 $0.83 $0.85 $1.00 $1.07 $0.98 $1.07 $1.09 $1.15 $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Diluted EPS Adjusted Diluted EPS 0.94% 1.01% 1.13% 1.35% 1.11% 1.30% 1.24% 1.38% 1.64% 1.62% 1.80% 1.84% 1.70% 1.87% 1.84% 1.85% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ROAA Adjusted ROAA 7.69% 8.53% 9.76% 11.92% 9.45% 10.95% 10.55% 12.03% 13.46% 13.66% 15.56% 16.21% 14.48% 15.80% 15.65% 16.10% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ROAE Adjusted ROAE Net Income & PTPP (1) Income ($mm) Diluted EPS & Adjusted Diluted EPS (1) ROAA & Adjusted ROAA (1) ROAE & Adjusted ROAE (1) (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to its most comparable GAAP measures.
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Noninterest Income & Expense 14 $24.5 $16.6 $26.9 $29.0 $13.2 $21.8 $17.1 $23.0 $39.3 $26.4 $31.0 $38.8 $18.1 $13.4 $21.3 $35.7 7.8% 7.3% 6.5% 6.4% 5.8% 7.2% 8.4% 7.8% 4.7% 5.3% 5.4% 5.6% 4.9% 6.5% 7.1% 7.1% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 0 10 20 30 40 50 60 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 SBA 7(A) Loans ($mm) Sold Production Premium % Gain % $8.4 $9.1 $8.8 $9.3 $9.3 $9.7 $9.6 $10.0 $5.5 $5.4 $6.0 $5.6 $5.7 $5.1 $5.6 $6.0 1.86% 1.87% 1.84% 1.77% 1.82% 1.78% 1.78% 1.83% 0% 1% 1% 2% 2% 3% 0 5 10 15 20 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest Expense Trend ($mm) Compensation All Other Expenses % to Average Total Assets 53.0% 53.9% 50.6% 48.9% 51.5% 49.1% 49.2% 49.6% 64.4% 59.7% 58.5% 57.6% 57.8% 57.2% 56.3% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Efficiency Ratio (2) PCB Peer Average 262 257 266 270 264 264 274 276 200 210 220 230 240 250 260 270 280 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Number of FTE (3) Employees $1.8 $1.7 $1.8 $1.8 $1.9 $2.0 $2.0 $1.9 $1.2 $0.9 $1.5 $1.6 $0.6 $1.4 $1.2 $1.6 38% 34% 44% 47% 25% 42% 37% 46% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 0 1 1 2 2 3 3 4 4 5 5 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest Income Trend ($mm) All Other Income Gain on Sale of Loans % of Gain on Sale of Loans (1) Annualized. (2) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. Peer average data from UBPR. (3) Full-time equivalent. (1)
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Net Interest Margin 15 3.33% 3.39% + 0.15% + 0.14% - 0.13% - 0.09% 2.40% 2.60% 2.80% 3.00% 3.20% 3.40% 3.60% 2Q26 Loan Yield Other Earning Assets Yield Int-Bearing Liabilities Cost Balance Sheet Mix 3Q26 Quarter - over - Quarter Impact to Net Interest Margin (1) 6.63% 6.59% 6.56% 6.58% 6.44% 6.35% 6.38% 6.45% 3.18% 3.28% 3.33% 3.28% 3.28% 3.36% 3.33% 3.35% 4.59% 4.28% 4.14% 4.10% 3.98% 3.82% 3.76% 3.77% 3.61% 3.45% 3.35% 3.34% 3.23% 3.11% 3.07% 3.09% 4.65% 4.33% 4.33% 4.29% 3.90% 3.64% 3.63% 3.67% 3% 3% 4% 4% 5% 5% 6% 6% 7% 7% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Yield & Cost (1) Loan Yield Net Interest Margin Cost of Interest-Bearing Liabilities Cost of Funds Average Fed Funds Rate (1) Annualized.
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Capital 16 11.77% 11.98% 14.39% 15.63% 11.42% 13.96% 13.96% 15.20% 5.00% 6.50% 8.00% 10.00% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Tier 1 Leverage CET 1 Capital Tier 1 Capital Total Capital Regulatory Capital Ratios Consolidated Bank Minimum Requirement For Well-Capitalized $25.30 $25.78 $26.26 $26.93 $27.41 $27.88 $28.40 $28.61 $20.49 $20.97 $21.44 $22.09 $22.55 $23.02 $23.49 $23.69 $18 $20 $22 $24 $26 $28 $30 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Book Value/TCE Per Share (1) BV Per Share TCE Per Share 11.87% 11.65% 11.39% 11.43% 11.89% 11.68% 11.54% 11.37% 9.62% 9.48% 9.30% 9.38% 9.78% 9.65% 9.55% 9.41% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Total Equity/TCE to Total Assets (1) Total Equity to Total Assets TCE to Total Assets (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure.
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Non-GAAP Financial Measures 17 To supplement the financial information presented in accordance with GAAP, we use certain non-GAAP financial measures. Management believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. Risks associated with non-GAAP measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. In the information below, we provide reconciliations of the non-GAAP financial measures used in this presentation to the most direct comparable GAAP measures. Core Deposits Core Deposits is a non-GAAP measure that we use to measure the portion of our total deposits that is thought to be more stable, lower cost and reprice less frequently on average in a rising rate environment. We calculate core deposits as total deposits less time deposits greater than $250,000 and brokered deposits. We track core deposits because we believe it is a useful measure to help assess the Company’s deposit base and, among other things, potential volatility therein. TCE, ROATCE, TCE Per Share and TCE to Total Assets TCE, ROATCE, TCE per share and TCE to total assets are non-GAAP measures that we use to measure the Company’s performance. We calculated TCE as total shareholders’ equity excluding preferred stock. Management believes the non-GAAP measures provide useful supplemental information and a clearer understanding of the Company’s performance. PTPP Income, and Adjusted ROAA, ROAE and Diluted EPS for PTPP PTPP income, and adjusted ROAA, ROAE and Diluted EPS are non-GAAP measures that we use to measure the Company’s performance and believe these presentations provide useful supplemental information and a clearer understanding of the Company’s performance. We calculated PTPP income as net income excluding income tax provision and provision for loan losses.
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Non-GAAP Financial Measures 18 The following table reconciles core deposits to its most comparable GAAP measure: The following table reconciles ROATCE to its most comparable GAAP measure: The following table reconciles TCE per share and TCE to total assets to their most comparable GAAP measures: ($ in thousands) Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Total Deposits (a) $ 2,615,791 $ 2,714,399 $ 2,822,915 $ 2,913,502 $ 2,795,412 $ 2,887,980 $ 2,922,659 $ 3,076,593 Less: Time Deposits Greater Than $250K 665,124 712,458 709,160 731,517 708,633 805,074 821,708 847,108 Less: Brokered Deposits 442,284 392,284 431,001 381,001 280,541 256,370 245,830 245,830 Core Deposits (b) $ 1,508,383 $ 1,609,657 $ 1,682,754 $ 1,800,984 $ 1,806,238 $ 1,826,536 $ 1,855,121 $ 1,983,655 Core Deposits to Total Deposits (b)/(a) 57.7% 59.3% 59.6% 61.8% 64.6% 63.2% 63.5% 64.5% ($ in thousands) 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Average Total Shareholders' Equity (a) $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 $ 394,574 $ 399,468 $ 402,661 Less: Average Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 Average TCE (Non-GAAP) (b) $ 294,687 $ 298,569 $ 303,488 $ 310,693 $ 318,399 $ 325,433 $ 330,327 $ 333,520 Net Income (c) $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,234 $ 10,653 $ 10,507 $ 12,208 ROAE (1) (c)/(a) 7.69% 8.53% 9.76% 11.92% 9.45% 10.95% 10.55% 12.03% Net Income Available to Common Shareholders (d) $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 $ 10,567 $ 10,420 $ 12,122 ROATCE (Non-GAAP)(1) (d)/(b) 9.02% 10.45% 11.87% 14.46% 11.40% 13.17% 12.65% 14.42% ($ in thousands, except per share data) Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Total Shareholders' Equity (a) $ 363,814 $ 370,864 $ 376,500 $ 384,501 $ 392,026 $ 396,718 $ 400,463 $ 402,130 Less: Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 TCE (Non-GAAP) (b) $ 294,673 $ 301,723 $ 307,359 $ 315,360 $ 320,885 $ 327,577 $ 331,322 $ 332,989 Outstanding Shares (c) 14,380,651 14,387,176 14,336,602 14,277,164 14,230,428 14,231,423 14,102,189 14,056,981 Book Value Per Share (a)/(c) $ 25.30 $ 25.78 $ 26.26 $ 26.93 $ 27.41 $ 27.88 $ 28.40 $ 28.61 TCE Per Share (Non-GAAP) (b)/(c) $ 20.49 $ 20.97 $ 21.44 $ 22.09 $ 22.55 $ 23.02 $ 23.49 $ 23.69 Total Assets (d) $ 3,063,971 $ 3,183,758 $ 3,305,589 $ 3,363,506 $ 3,281,771 $ 3,396,193 $ 3,470,124 $ 3,537,672 Total Shareholders’ Equity to Total Assets (a)/(d) 11.87% 11.65% 11.39% 11.43% 11.88% 11.68% 11.54% 11.37% TCE to Total Assets (Non-GAAP) (b)/(d) 9.62% 9.48% 9.30% 9.38% 9.78% 9.65% 9.55% 9.41% (1) Annualized.
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Non-GAAP Financial Measures 19 The following table reconciles PTPP income, and adjusted ROAA, ROAE and diluted EPS for PTPP to their most comparable GAAP: measures:($ in thousands) 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Net Income (a) $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,235 $ 10,653 $ 10,507 $ 12,208 Add: Provision (Reversal) for Credit Losses 2,002 1,598 1,787 (381) 1,024 467 926 (705) Add: Income Tax Provision 3,281 3,056 3,600 4,492 3,887 4,250 4,151 4,837 PTPP Income (Non-GAAP) (b) $ 12,313 $ 12,389 $ 14,458 $ 15,523 $ 14,146 $ 15,370 $ 15,584 $ 16,340 Average Total Assets (c) $ 2,980,641 $ 3,097,516 $ 3,226,395 $ 3,354,588 $ 3,307,828 $ 3,326,328 $ 3,403,552 $ 3,502,893 ROAA (2) (a)/(c) 0.94% 1.01% 1.13% 1.35% 1.11% 1.30% 1.24% 1.38% Adjusted ROAA (Non-GAAP)(2) (b)/(c) 1.64% 1.62% 1.80% 1.84% 1.70% 1.87% 1.84% 1.85% Average Total Shareholders' Equity (d) $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 $ 394,574 $ 399,468 $ 402,661 ROAE (2) (a)/(d) 7.69% 8.53% 9.76% 11.92% 9.45% 10.95% 10.55% 12.03% Adjusted ROAE (Non-GAAP)(2) (b)/(d) 13.46% 13.66% 15.56% 16.21% 14.48% 15.80% 15.65% 16.10% Net Income available to common shareholders $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 $ 10,567 $ 10,420 $ 12,122 Less: Income Allocated to Participating Securities (16) (61) (72) (91) (73) (64) (63) (74) Net Income Allocated to Common Stock (e) 6,668 7,634 8,912 11,235 9,075 10,503 10,357 12,048 Add: Provision for Loan Losses 2,002 1,598 1,787 (381) 1,024 467 926 (705) Add: Income Tax Provision 3,281 3,056 3,600 4,492 3,887 4,250 4,151 4,837 PTPP Income Allocated to Common Stock (f) $ 11,951 $ 12,288 $ 14,299 $ 15,346 $ 13,986 $ 15,220 $ 15,434 $ 16,180 WA common shares outstanding, diluted (g) 14,406,756 14,403,769 14,326,011 14,325,956 14,235,867 14,238,226 14,220,414 14,094,747 Diluted EPS (e)/(g) $ 0.46 $ 0.53 $ 0.62 $ 0.78 $ 0.64 $ 0.74 $ 0.73 $ 0.85 Adjusted Diluted EPS (Non-GAAP) (f)/(g) $ 0.83 $ 0.85 $ 1.00 $ 1.07 $ 0.98 $ 1.07 $ 1.09 $ 1.15 ($ in thousands) 2021 2022 2023 2024 2025 09/26 YTD Net Income $ 40,103 $ 34,987 $ 30,705 $ 25,810 $ 37,453 $ 33,368 Add: Provision (Reversal) for Credit Losses(1) (4,596) 3,602 (132) 3,401 4,028 688 Add: Income Tax Provision 16,856 14,416 12,557 10,476 15,035 13,238 PTPP Income (Non-GAAP) $ 52,363 $ 53,005 $ 43,130 $ 39,687 $ 56,516 $ 47,294 (1) Provision (reversal) for credit losses does not include provision (reversal) for off-balance sheet credit exposures for years ended December 31, 2021 and 2022. (2) Annualized.