PCB Bancorp Declares Increased Quarterly Cash Dividend of $0.18 Per Common Share
27 Avril 2023 - 10:05PM
Business Wire
PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company
of PCB Bank, announced that on April 27, 2023, its Board of
Directors declared a quarterly cash dividend of $0.18 per common
share. The dividend will be paid on or about May 19, 2023, to
shareholders of record as of the close of business on May 12,
2023.
“I am pleased to announce another increase in our quarterly cash
dividend to $0.18 per common share from $0.15 per common share for
the second quarter of 2023,” said Henry Kim, President and Chief
Executive Officer. “We are committed to making corporate decisions
that directly benefit our shareholders.”
About PCB Bancorp
PCB Bancorp is the bank holding company for PCB Bank, a
California state chartered bank, offering a full suite of
commercial banking services to small to medium-sized businesses,
individuals and professionals, primarily in Southern California,
and predominantly in Korean-American and other minority
communities.
Cautionary Note Regarding
Forward-Looking Statements
This press release 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 the 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 to the Company and its
customers resulting from changes to, and the level of, inflation
and interest rates; 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; costs related to litigation; changes in
laws, rules, regulations, or interpretations to which the Company
is subject; the effects of severe weather events, pandemics, 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 from the Company without
charge. 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 press
release, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230427005838/en/
Timothy Chang Executive Vice President & Chief Financial
Officer 213-210-2000
PCB Bancorp (NASDAQ:PCB)
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