Banc of California, Inc. (BANC)
| Market Cap | 2.71B |
| Revenue (ttm) | 412.57M |
| Net Income (ttm) | -452.88M |
| Shares Out | 168.60M |
| EPS (ttm) | -2.95 |
| PE Ratio | n/a |
| Forward PE | 14.10 |
| Dividend | $0.40 (2.49%) |
| Ex-Dividend Date | Sep 16, 2024 |
| Volume | 1,060,417 |
| Open | 16.05 |
| Previous Close | 16.04 |
| Day's Range | 15.81 - 16.12 |
| 52-Week Range | 11.36 - 16.92 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 17.36 (+8.03%) |
| Earnings Date | Oct 22, 2024 |
About BANC
Banc of California, Inc. operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes. It also provides real estate loans to professional developers and real estate investors for the acquisition, construction, refinancing, renovation, and on-going operation of commercial real estate properties; commercial rea... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for BANC stock is "Buy." The 12-month stock price forecast is $17.36, which is an increase of 8.03% from the latest price.
News
Banc of California, Inc. Announces Quarterly Dividends
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding...
Banc of California, Inc. (BANC) Q3 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC) Q3 2024 Earnings Conference Call October 22, 2024 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President and CEO Joe Kauder - CFO Conferen...
Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $(0.01) Loss Per Share $0.25 Adjusted Earnings Per Share(1) $17.75 Book Value Per Share $15.63 Tangible Book Value Per Share(1) 10....
Banc of California: Progress Will Continue In The Third Quarter
Banc of California received a $400 million investment from Warburg Pincus (related entities) to inject liquidity and strengthen its business. Integration efforts include selling problematic loans. The...
Banc of California Announces Schedule of Third Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2024 third quarter financial results on Tuesday, October 22, 2024. The Company will ...
Banc of California Hires Ken McMullen as Executive Vice President and Treasurer
LOS ANGELES--(BUSINESS WIRE)-- #TogetherWeWin--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Execu...
Banc of California Expands Specialty Lending Team
LOS ANGELES--(BUSINESS WIRE)-- #Lending--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Chris Hague has joined the company as Executive Vi...
Banc of California, Inc. to Participate at the Barclays 22nd Annual Global Financial Services Conference
LOS ANGELES--(BUSINESS WIRE)-- #Banking--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that Jared Wolff, President & Chief Executive Officer and Joseph Kauder, Chief Financial ...
Banc of California, Inc. (BANC) Q2 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC) Q2 2024 Results Conference Call July 23, 2024 1:00 PM ET Company Participants Ann DeVries - Head of Investor Relations Jared Wolff - President and Chief Executive...
Banc of California, Inc. Reports Second Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. Reports Second Quarter 2024 Financial Results.
Banc of California: Opportunity Amidst The Noise
Banc of California has been busy since closing the PacWest deal, including billions of dollars of balance sheet restructuring in Q1 that meaningfully reduces funding costs. I expect above-average grow...
Banc of California Announces Schedule of Second Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California Announces Schedule of Second Quarter 2024 Earnings release and Conference Call.
Banc of California: 0.75x Book Value, Soaring NII, 3.1% Dividend (Rating Upgrade)
Banc of California shares are undervalued, trading below book value, with potential for upside due to balance sheet restructuring and growth in the net interest margin. The lender's net interest margi...
Banc of California: Priced Below Tangible Book Value Unfairly
Banc of California and PacWest merger created the third largest bank in California with over 70 branches and a focus on improving profitability. Asset analysis shows a stable loan portfolio with poten...
Banc of California's Build@Banc Supports Startups From Seed Investment to IPO
LOS ANGELES--(BUSINESS WIRE)-- #Startups--Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to provid...
Banc of California: Preferred Remains Attractive For Income
Banc of California inherited PacWest's preferred shares in its acquisition in late 2023. Banc of California has a different asset mix than PacWest but our assessment is that it has similarly robust ad...
Banc of California Hires Ann DeVries as Head of Investor Relations
LOS ANGELES--(BUSINESS WIRE)--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ann DeVries has joined as Senior Vice President, Strategic Fi...
Banc of California Inc (BANC) Q1 2024 Earnings Call Transcript
Banc of California Inc (NYSE:BANC) Q1 2024 Results Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - Vice Chairman, President & CEO Joseph Kauder - Executive VP & CFO Confe...
Banc of California, Inc. (PACW) Q1 2024 Earnings Call Transcript
Banc of California, Inc. (NASDAQ:PACW) Q1 2024 Earnings Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - President & Chief Executive Officer Joe Kauder - Chief Financial O...
Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance Sheet
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $0.17 Earnings Per Share $0.19 Adjusted Earnings Per Share(1) $17.18 Book Value Per Share $15.07 Tangible Book Value Per Share(1) 1...
Banc of California Announces New Community Banking Leaders
LOS ANGELES & DENVER--(BUSINESS WIRE)-- #Banking--Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that it has promoted several leaders in Communi...
Atlantic Health System Adopts FeelBetter's Precision Population Health Platform to Optimize and Personalize Medication Management
BOSTON & TEL AVIV, Israel--(BUSINESS WIRE)--FeelBetter, the leading provider of polypharmacy patient management technology and pioneer of Pharmaco-Clinical Intelligence, today announced a commercial p...
Banc of California Announces Schedule of First Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2024 first quarter financial results on Tuesday, April 23, 2024. The Company will ho...
Banc of California: A Regional Bank Gem Selling At 0.8X BV
Banc of California offers an attractive 3% dividend yield and is selling at a 23% discount to its long-term average P/B ratio. BANC has a well-performing core loan portfolio with a strong asset qualit...