Monitor Q4 2026 for resolution of the two real estate loans tied to a Chapter 11 bankruptcy ($8.8M) and the two delinquent SBA 504 loans ($3.7M). The NASDAQ uplisting may increase trading liquidity and index inclusion potential, but credit quality deterioration warrants close attention.
Price Chart
Executive Summary
Private Bancorp of America reported Q3 2026 net income of $11.4M ($1.97 diluted EPS), down from $13.1M ($2.27) in Q2 2026 but up from $9.7M ($1.65) in Q3 2025. Net interest margin compressed to 5.05% from 5.18% QoQ, while criticized loans increased to 3.29% of total loans from 2.72%, driven by a Chapter 11 bankruptcy filing on two real estate loans. The stock began trading on NASDAQ on July 30, 2026, and the company furnished an investor presentation alongside the earnings release.
Key Financial Metrics
Key Facts
- Q3 2026 net income of $11.4M, down 13.0% from Q2 2026 ($13.1M) but up 17.6% from Q3 2025 ($9.7M)
- Diluted EPS of $1.97, down from $2.27 in Q2 2026 and up from $1.65 in Q3 2025
- Net interest margin of 5.05%, down 13 bps from 5.18% in Q2 2026 and up 40 bps from 4.65% in Q3 2025
- Criticized loans increased to $71.9M (3.29% of total loans) from $58.0M (2.72%) in Q2 2026
- Nonperforming assets increased to 1.58% of total assets from 1.50% in Q2 2026
- Tangible book value per share rose to $50.56 from $49.57 in Q2 2026
- Company uplisted to NASDAQ on July 30, 2026; incurred ~$0.9M in related expenses during Q3
- Board authorized $10M stock repurchase program in Q2 2026; no shares repurchased as of Sept 30, 2026
Financial Impact
Net income declined $1.7M QoQ; NIM compressed 13 bps; criticized loans rose $13.9M; nonperforming assets increased $2.8M
Risk Factors
- Credit quality deterioration: criticized loans rose 57 bps QoQ to 3.29% of total loans
- NIM compression: 5.05% vs 5.18% prior quarter, with deposit costs rising 3 bps
- CECL model transition added ~$0.8M to provision for unfunded commitments
- Uninsured deposits represent 52.8% of total deposits
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001705284-26-000010 |
| Document: pbam-20261016.htm | 0001705284-26-000010 |
| Document: pbam-ex99_2.htm | 0001705284-26-000010 |
| Document: 0001705284-26-000010-index-headers.html | 0001705284-26-000010 |
| Document: 0001705284-26-000010-index.html | 0001705284-26-000010 |
| Document: 0001705284-26-000010.txt | 0001705284-26-000010 |
| 8-K Data (Synthetic) | 0001705284-26-000010 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 8-K | $82.30 | awaiting T+20 | — | $85.93 (+4.41%) |
Sep 24, 2026 4w ago | SC 13G | $86.25 $85.99 | ▼ −0.30% | ▲ +1.17% | $85.93 (−0.37%) |
Sep 11, 2026 6w ago | 8-K | $91.20 $85.61 | ▼ −6.13% | ▼ −8.39% | $85.93 (−5.78%) |
Aug 17, 2026 10w ago | 8-K | $87.33 $91.15 | ▲ +4.37% | ▲ +5.36% | $85.93 (−1.60%) |
Aug 10, 2026 11w ago | 8-K | $85.61 $90.56 | ▲ +5.78% | ▲ +6.84% | $85.93 (+0.37%) |
Jul 29, 2026 12w ago | 3 | $83.50 $88.30 | ▲ +5.75% | ▲ +1.78% | $85.93 (+2.91%) |
US Market Status
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