BCALCalifornia BanCorp \ CA
National Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $690M
- Employees
- 300
- Net debt / EBITDA
- —
- −$230M net debt
- AI in 10-K
- 1.2
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo91% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo12% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo3% of assetsOver 40% of assets
- Shareholder dissentNo83% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.2 per 10K words · 39th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$690M market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$46M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Net income | $16M | $26M | $5M | $63M | 1061% |
| Operating cash flow | $13M | $33M | $50M | $57M | 14% |
| Capex | $1M | $302K | $552K | $346K | 37% |
| Stock-based comp | $4M | $5M | $6M | $6M | 6.8% |
| Buybacks | $574K | $889K | $0 | $3M | |
| Dividends | — | — | $0 | $3M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $513K · 2
- Open-market sells, 12 mo
- $47M · 5
- Net
- −$46M
Pay vs performance
No pay-versus-performance disclosure yet.