Southern California Bancorp (BCAL) Cash Flow Statement
Where BCAL’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $57.3M +13.9% vs 2024
- Capital expenditures
- $346,000 0.1% of revenue
- Free cash flow
- $56.9M 24.0% margin
- Returned to shareholders
- $9.3M 16% of free cash flow
- Change in cash
- $11.8M cash at year-end $399.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
BCAL operating cash flow, capex and free cash flow
BCAL cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $3.9M2016 | $57.3M2025 | +34.6%/yr | |
| Capital expenditures | $4.3M2016 | $346,0002025 | −24.4%/yr | |
| Free cash flow | −$350,6482016 | $56.9M2025 | — | |
| Free cash flow margin | −1.9%2016 | 24.0%2025 | +25.9 pts | |
| Operating cash flow / net income | 1.312016 | 0.912025 | −0.40 | |
| Stock-based compensation | $600,7402019 | $5.8M2025 | +46.0%/yr | |
| Dividends paid | $02016 | $3.3M2025 | — | |
| Share buybacks (net) | $2.8M2016 | $6.0M2025 | +9.1%/yr | |
| Capex / revenue | 23.6%2016 | 0.1%2025 | −23.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BCAL cash flow by activity
BCAL net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
BCAL cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $63.1M | $5.4M | $25.9M | $16.1M | $10.7M | $4.7M | $6.8M | $5.3M | $4.0M | $3.0M |
| Depreciation & amortization | $5.6M | $3.6M | $1.9M | $2.0M | $1.7M | $1.5M | $1.3M | $793,398 | $442,361 | $473,411 |
| Stock-based compensation | $5.8M | $6.2M | $4.5M | $3.7M | $5.5M | $2.7M | $600,740 | — | — | — |
| Change in working capital | $4.3M | $20.7M | −$1.8M | −$2.1M | $8.4M | $782,000 | −$127,963 | $1.1M | $355,807 | $364,812 |
| Other non-cash items | −$21.5M | $14.3M | $2.5M | −$6.4M | −$6.7M | $2.7M | −$150,675 | $268,262 | −$1.0M | $102,415 |
| Cash from operating activities | $57.3M | $50.3M | $33.1M | $13.4M | $19.7M | $12.4M | $8.4M | $7.4M | $3.7M | $3.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$346,000 | −$552,000 | −$302,000 | −$1.1M | −$1.8M | −$1.8M | −$1.2M | −$654,074 | −$694,834 | −$4.3M |
| Investments (net) | −$84.6M | $524.7M | −$78.9M | −$121.6M | −$17.6M | $1.1M | $9.3M | $2.3M | −$17.0M | $2.2M |
| Acquisitions & other investing | $114.7M | $552,000 | $302,000 | −$390.0M | $27.9M | −$301.1M | −$42.8M | −$40.1M | −$65.5M | −$44.8M |
| Cash from investing activities | $29.8M | $524.7M | −$78.9M | −$512.7M | $8.5M | −$301.7M | −$34.7M | −$38.5M | −$83.2M | −$46.9M |
| Financing activities | ||||||||||
| Dividends paid | −$3.3M | $0 | −$11.5M | −$93.8M | — | — | — | $0 | $0 | $0 |
| Share repurchases & issuance (net) | −$6.0M | −$2.0M | −$889,000 | −$574,000 | −$3.7M | $0 | — | $0 | $0 | −$2.8M |
| Net borrowing (repayment) | −$38.0M | −$85.0M | $35.0M | $46.9M | −$213.9M | $126.5M | −$5.0M | $15.0M | $20.0M | −$7.5M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $40.6M | $11.4M | $0 | $0 | $0 |
| Other financing | −$28.0M | −$186.6M | $23.2M | $53.6M | $518.6M | $282.2M | $44.1M | $42.8M | $30.8M | $85.9M |
| Cash from financing activities | −$75.3M | −$273.6M | $45.9M | $6.1M | $301.0M | $449.3M | $50.5M | $57.8M | $50.8M | $75.6M |
| Summary | ||||||||||
| Net change in cash | $11.8M | $301.4M | $33,000 | −$493.2M | $329.2M | $160.0M | $24.2M | $26.8M | −$28.7M | $32.7M |
| Cash at end of period | $399.9M | $388.2M | $86.8M | $86.8M | $580.0M | $250.8M | $90.8M | $26.8M | −$28.7M | $32.7M |
| Free cash flow | $56.9M | $49.7M | $32.8M | $12.3M | $17.9M | $10.6M | $7.2M | $6.8M | $3.0M | −$350,648 |
| Free cash flow margin | 24.0% | 26.9% | 25.8% | 12.5% | 25.0% | 19.5% | 18.1% | 21.6% | 14.1% | −1.9% |
| Capex / revenue | 0.1% | 0.3% | 0.2% | 1.1% | 2.4% | 3.3% | 3.0% | 2.1% | 3.2% | 23.6% |
| Operating cash flow / net income | 0.91 | 9.26 | 1.28 | 0.83 | 1.84 | 2.62 | 1.24 | 1.41 | 0.94 | 1.31 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $14.3M | $13.8M | $16.4M | $15.7M | $14.1M | $16.9M | $16.8M | −$16.5M | $190,000 | $4.9M | $4.4M | $6.6M |
| Depreciation & amortization | $1.1M | $1.2M | $1.3M | $1.4M | $1.4M | $1.5M | $1.6M | $1.2M | $433,000 | $435,000 | $439,000 | $498,000 |
| Stock-based compensation | $1.3M | $1.4M | $1.4M | $1.5M | $1.5M | $1.5M | $1.5M | $2.8M | $996,000 | $895,000 | $755,000 | $992,000 |
| Change in working capital | $1.7M | −$6.4M | $10.7M | $2.3M | −$336,000 | −$8.3M | $9.6M | $18.1M | −$3.6M | −$3.4M | −$8.6M | $3.4M |
| Other non-cash items | −$3.7M | −$1.4M | −$8.9M | −$4.8M | −$3.3M | −$4.5M | −$5.9M | $12.7M | $2.3M | $5.2M | −$5.4M | −$317,000 |
| Cash from operating activities | $14.8M | $8.5M | $20.9M | $16.0M | $13.4M | $7.0M | $23.6M | $18.3M | $309,000 | $8.1M | −$8.4M | $11.1M |
| Investing activities | ||||||||||||
| Capital expenditures | −$516,000 | −$236,000 | −$99,000 | −$108,000 | −$34,000 | −$105,000 | −$142,000 | −$183,000 | −$138,000 | −$89,000 | −$63,000 | −$44,000 |
| Investments (net) | −$10.9M | −$66.2M | −$24.3M | −$12.6M | $25.8M | $101.3M | $9.9M | $354.5M | $14.7M | $62.5M | −$36.2M | −$16.5M |
| Acquisitions & other investing | −$109.9M | $58.0M | −$60.4M | $108,000 | $34,000 | $105,000 | — | $183,000 | $138,000 | $89,000 | $63,000 | $44,000 |
| Cash from investing activities | −$121.3M | −$8.5M | −$84.8M | −$12.6M | $25.8M | $101.3M | — | $354.5M | $14.7M | $62.5M | −$36.2M | −$16.5M |
| Financing activities | ||||||||||||
| Dividends paid | −$3.2M | −$3.2M | −$3.3M | — | $0 | $0 | — | — | — | — | −$154.0M | — |
| Share repurchases & issuance (net) | −$2.2M | −$1.3M | −$3.1M | −$1.7M | −$155,000 | −$1.1M | −$998,000 | −$341,000 | −$118,000 | −$509,000 | −$385,000 | −$62,000 |
| Net borrowing (repayment) | $0 | $0 | $0 | −$20.0M | −$18.0M | $0 | $0 | −$25.0M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$34.3M | $15.7M | −$89.1M | $147.4M | −$30.2M | −$56.2M | −$341.8M | $162.2M | $3.3M | −$70.3M | $190.7M | −$4.1M |
| Cash from financing activities | −$39.7M | $11.2M | −$95.4M | $125.7M | −$48.3M | −$57.2M | −$342.8M | $136.9M | $3.2M | −$70.8M | $36.3M | −$4.1M |
| Summary | ||||||||||||
| Net change in cash | −$146.2M | $11.2M | −$159.3M | $129.1M | −$9.1M | $51.1M | −$226.3M | $509.7M | $18.2M | −$251,000 | −$8.3M | −$9.5M |
| Cash at end of period | $265.0M | $411.1M | $399.9M | $559.2M | $430.1M | $439.2M | $388.2M | $614.4M | $104.7M | $86.5M | $86.8M | $95.1M |
| Free cash flow | $14.3M | $8.3M | $20.8M | $15.9M | $13.4M | $6.9M | $23.5M | $18.1M | $171,000 | $8.0M | −$8.5M | $11.2M |
| Free cash flow margin | 25.4% | 14.8% | 35.2% | 26.5% | 22.8% | 11.6% | 51.6% | 32.8% | 0.5% | 24.4% | −26.2% | 34.5% |
| Capex / revenue | 0.9% | 0.4% | 0.2% | 0.2% | 0.1% | 0.2% | 0.3% | 0.3% | 0.4% | 0.3% | 0.2% | 0.1% |
| Operating cash flow / net income | 1.04 | 0.62 | 1.27 | 1.02 | 0.95 | 0.41 | 1.41 | — | 1.63 | 1.63 | −1.91 | 1.70 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
BCAL cash generation
In fiscal 2025 (ended December 31, 2025), Southern California Bancorp generated $57.3 million of cash from operations (up 13.9%) and spent $0.3 million on capital expenditures, leaving free cash flow of $56.9 million, 24.0% of revenue. It returned $9.3 million to shareholders through dividends ($3.3 million) and net share buybacks ($6.0 million). Cash and equivalents rose by $11.8 million over the year.
Related: BCAL income statement, BCAL balance sheet, BCAL dividend history. See the BCAL stock overview for the latest quote and news.
BCAL cash flow FAQ
What is Southern California Bancorp's free cash flow?
Southern California Bancorp's free cash flow was $56.9 million in fiscal 2025: $57.3 million of operating cash flow minus $0.3 million of capital expenditures It was $49.7 million a year earlier..
How much cash does Southern California Bancorp generate from operations?
Southern California Bancorp generated $57.3 million of cash from operating activities in fiscal 2025, 0.91 times its net income of $63.1 million.
How much does Southern California Bancorp spend on capital expenditures?
Southern California Bancorp spent $0.3 million on capital expenditures in fiscal 2025, 0.1% of revenue, compared with $0.6 million the year before.
How much stock does Southern California Bancorp buy back?
Southern California Bancorp spent $6.0 million on net share repurchases in fiscal 2025.
How much does Southern California Bancorp pay in dividends?
Southern California Bancorp paid $3.3 million in dividends in fiscal 2025, 5.7% of free cash flow.