#United States #Santa Cruz #Q3 2025 #Bancorp #West Coast Bank

West Coast Community Bancorp Reports Record Growth for Q3 2025

In a recent report, West Coast Community Bancorp, operating under the ticker OTCQX: WCCB, demonstrated remarkable financial performance for the third quarter ended September 30, 2025. The company shared impressive earnings of $12.1 million, a slight decline from $12.9 million in the previous quarter but a substantial increase of 47% compared to $8.2 million for the same period in 2024, marking a successful year-over-year comparison.

For the nine-month period ending in September 2025, the earnings surged to $36.7 million, representing an increase of 42% from $25.7 million recorded in the same timeframe for 2024.

Despite a decrease in earnings per share (EPS), with basic and diluted EPS recorded at $1.15 and $1.14 respectively for this quarter (down from $1.23 and $1.22 previously), there was a significant 17% and 19% growth compared to the same quarter last year. Year-to-date figures further showed basic and diluted EPS at $3.49 and $3.45 respectively, reflecting a 14% rise from the past year.

Dividend Declaration

On October 16, 2025, a quarterly cash dividend of $0.22 per share was declared by the Bancorp Board, scheduled for payment on November 10, 2025. This financial decision emphasizes the company's commitment to shareholder returns and confidence in sustained earnings.

Krista Snelling, the CEO and Chairman, commented, “Our third-quarter results showcase our successful integration with our merger partner, substantial growth in deposits, and established strong earnings. Maintaining a focus on disciplined growth and upholding our credit culture has proven beneficial.”

Deposits and Asset Growth

Total deposits have surged to $2.4 billion as of September 30, 2025, marking an 8% increase from the prior quarter, and an astounding 60% from the previous year. This growth is attributed to seasonal influences from the agriculture sector alongside robust deposits from public agencies and newly formed client relationships. Notably, the merger with 1st Capital Bancorp has played a pivotal role, contributing significantly to deposit numbers and overall financial strength.

Moreover, the total assets increased to $2.8 billion, a jump from $2.7 billion in the previous quarter and $1.8 billion from last year, with organic growth and strategic decisions making a considerable impact on the financial landscape.

Key Ratios and Financial Health

The primary liquidity ratio as measured by cash and cash equivalents plus deposits from other banks accounted for 16.5% of total assets, reflecting a healthy liquidity position. The taxable equivalent net interest margin remained favorable at 5.28%, indicative of efficient management of earning assets. The cost of funds decreased slightly to 1.37%, showcasing effective funding strategies.

In terms of returns, the return on average assets (ROAA) stood at 1.73%, while the return on average equity (ROAE) was recorded at 13.16% for the quarter.

Future Expectations

Looking ahead, West Coast Community Bancorp is committed to leveraging its strong financial health and expanding its service offerings to continue attracting new customers. The marriage of strategic growth and prudent management bodes well for shareholders and patrons alike as the company navigates future challenges and opportunities in the banking sector.

As West Coast Community Bank continues to support agricultural and local markets, its commitment to community engagement remains a cornerstone of its operations, solidifying its reputation as a trusted banking partner in Santa Cruz and the greater California area. The sustained focus on shareholder returns, reflected in increased dividends, further emphasizes its alignment with stakeholder interests in the competitive banking landscape.

For more information regarding the latest financial reports and services, please visit their official website or refer to recent press releases.