PCB Ban (PCB) DIvidends Date & History

Key Takeaways

• PCB Bancorp pays a quarterly dividend of $0.22 per share, translating to an annual dividend of $0.88 and a dividend yield of approximately 3.07% as of mid-2026.
• The company has raised its dividend for seven consecutive years, with a one-year dividend growth rate of roughly 10.5% and a five-year compound annual growth rate (CAGR) of approximately 15–17%.
• The dividend payout ratio stands at a conservative 29–30% of trailing twelve-month earnings, indicating strong dividend coverage and ample room for future increases.
• Free cash flow payout ratio is approximately 27%, reinforcing the sustainability of the dividend from a cash-generation standpoint.
• PCB's dividend yield exceeds the broader regional banking industry average, making it an appealing option for income-focused investors seeking above-average yield with growth potential.

Dividend Overview

PCB — PCB Bancorp, the holding company for PCB Bank — is a California-based regional bank serving small to middle-market businesses and individuals, with a particular focus on the Korean-American community. The company has established a steadily growing dividend program that places it firmly in the dividend growth category rather than a pure high-yield play. As of mid-2026, PCB Bancorp pays a quarterly cash dividend of $0.22 per common share, resulting in an annualized dividend of $0.88 per share and a trailing dividend yield near 3.07%. Dividends are distributed on a regular quarterly schedule, with the most recent ex-dividend date occurring on May 8, 2026, and the next payment expected in August 2026. The bank's commitment to returning capital to shareholders is complemented by a modest share buyback program, pushing total shareholder yield above 3.9%. While the yield is not among the highest in the banking sector, PCB's combination of consistent distribution growth and a low payout ratio distinguishes it from many peers.

Dividend History and Growth

PCB Bancorp's dividend track record tells a story of remarkable progression. In 2016 and 2017, the quarterly payout stood at just $0.03 per share — a token distribution. The bank began meaningfully building its dividend in 2019, nearly tripling the quarterly rate from $0.03 to $0.08 by year-end. The pandemic did not derail this momentum: the dividend held steady at $0.10 per quarter through 2020 before rising to $0.12 in mid-2021. By 2022, the quarterly rate reached $0.15, and 2023 brought another step up to $0.18. The quarterly payout climbed to $0.20 in 2025 and then to $0.22 in early 2026 — representing a total increase of more than 600% over roughly eight years. The company has now delivered seven consecutive years of dividend increases. This growth trajectory reflects both rising earnings and management's willingness to share profits with shareholders. The one-year dividend growth rate is approximately 10.5%, while the five-year CAGR sits in the mid-teens, signaling a sustained commitment to dividend expansion.

Dividend Sustainability and Payout Ratio

A dividend is only as reliable as the earnings and cash flows backing it. On this front, PCB Bancorp presents a reassuring picture. The company's dividend payout ratio — the percentage of earnings distributed as dividends — is approximately 29–30% based on trailing twelve-month earnings per share (EPS) of roughly $2.77–$2.86. This is well below the 50% threshold that often signals caution, and it compares favorably to the banking industry median of approximately 32%. The free cash flow payout ratio is similarly conservative at around 27%, meaning the dividend does not strain the bank's liquidity. PCB Bancorp's debt-to-equity ratio of roughly 21% is manageable for a regional bank, and net income grew 37.7% year-over-year in the first quarter of 2026, reaching $10.65 million. With earnings on an upward trajectory and a disciplined capital allocation framework, the dividend appears not only sustainable but well-positioned for continued growth. The bank maintains adequate regulatory capital ratios, a prerequisite for continued dividend payments under Federal Reserve guidelines for bank holding companies.

Dividend Compared to Industry Peers

When measured against its regional banking peers, PCB Bancorp's dividend profile stands out in several ways. The Southwest banks sub-industry carries an average dividend yield of roughly 1.63%, and the S&P 500 average is near 1.33% — placing PCB's ~3.07% yield well above both benchmarks. Among direct competitors, ABCB (Ameris Bancorp) offers a yield of approximately 0.9%, FMBH (First Mid Bancshares) yields about 2.1%, and IBCP (Independent Bank) yields roughly 3.2%. HOPE (Hope Bancorp) carries a higher stated yield near 4.3%, but its payout ratio exceeds 100% of earnings, raising sustainability concerns that do not apply to PCB. PCB's seven-year dividend growth streak also compares favorably: it exceeds First Mid Bancshares (3 years) and trails only Independent Bank (11 years) and First Busey (10 years) among close peers. Overall, PCB occupies an appealing middle ground — a yield meaningfully above the industry average paired with strong coverage and a demonstrated growth track record.

AI Screener

Identifying dividend stocks with durable payout profiles and growth potential requires filtering through thousands of candidates — a task that can be time-consuming without the right tools. Tickeron's AI Screener is an AI-powered stock and ETF discovery platform that enables traders and investors to scan the market using customizable filters such as industry classification, market capitalization, technical indicators, price patterns, volatility metrics, and AI-driven trading signals. Users can sort across thousands of securities in real time, narrowing the universe to those matching specific investment criteria — whether targeting high-dividend-yield stocks, consistent dividend growers, breakout candidates, or income-focused ETFs. By automating the screening process, the AI Screener helps investors uncover market opportunities more efficiently than manual research alone would allow. For those looking to build or refine a dividend-focused portfolio, it offers a practical starting point.

Is This Stock Attractive for Dividend Investors?

PCB Bancorp is likely to appeal most to dividend growth investors and income-oriented investors who prioritize steady, well-covered distributions over maximum current yield. The ~3.07% yield provides a meaningful income stream that sits above both S&P 500 and banking industry averages, while the sub-30% payout ratio offers a margin of safety that high-yield alternatives often lack. The seven-year streak of consecutive dividend increases, combined with double-digit annual growth rates, makes PCB a candidate for investors seeking a compounding income stream over time. However, as a small-cap regional bank with roughly $400 million in market capitalization and a concentrated geographic footprint in Southern California, the stock carries idiosyncratic risks tied to local economic conditions, interest rate cycles, and commercial real estate exposure. The bank's niche focus on the Korean-American community provides a durable competitive advantage but also limits diversification. Investors comfortable with small-cap regional bank exposure and seeking a balanced blend of current income and dividend growth may find PCB's profile compelling.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations