Pacific Valley Bancorp Q3 Profit Jumps 45% on CRE Loan Growth
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SALINAS, Calif. – October 29, 2026 -- Pacific Valley Bancorp (OTC Markets: PVBK) reported third-quarter 2026 net income of $1.4 million, or $0.24 per share, up 45.2% from the year-earlier quarter, as higher interest income outweighed rising interest and non-interest expense. EPS compares with $0.19 a year earlier.
Loan growth driven by non-owner occupied CRE and multifamily
Gross loans reached $589 million at September 30, up 13.5%, or $70 million, from a year earlier. Non-owner occupied commercial real estate and multifamily loans accounted for most of the increase. Loans rose $41 million, or 7.6%, from June 30. CEO Anker Fanoe said 82% of the loan book is secured by collateral.