Banc of California, Inc. (BANC)
| Market Cap | 2.45B |
| Revenue (ttm) | 960.39M |
| Net Income (ttm) | 87.16M |
| Shares Out | 168.41M |
| EPS (ttm) | 0.52 |
| PE Ratio | 28.13 |
| Forward PE | 11.85 |
| Dividend | $0.40 (2.75%) |
| Ex-Dividend Date | Mar 14, 2025 |
| Volume | 3,041,043 |
| Open | 14.78 |
| Previous Close | 14.73 |
| Day's Range | 14.52 - 14.93 |
| 52-Week Range | 11.88 - 18.08 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 18.08 (+24.48%) |
| Earnings Date | Apr 22, 2025 |
About BANC
Banc of California, Inc. operates as the bank holding company for Banc of California that provides various banking products and services. 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 real estate mortg... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for BANC stock is "Buy." The 12-month stock price forecast is $18.08, which is an increase of 24.48% from the latest price.
News
Banc of California: Improving Funding Mix Makes 2025 Promising
Banc of California stock remains a buy due to its TBV being below historical averages and potential for profitability expansion through reduced deposit costs. Despite dividend weaknesses, the bank sho...
Banc of California Announces $150 Million Stock Repurchase Program
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), the parent company of wholly owned subsidiary Banc of California, today announced that its Board of Directors has authorized the re...
Banc of California Welcomes Karen Hon as Chief Accounting Officer
LOS ANGELES--(BUSINESS WIRE)-- #Accounting--Banc of California Welcomes Karen Hon as Chief Accounting Officer.
Banc of California, Inc. to Participate in the Raymond James & Associates' 46th Annual Institutional Investors Conference
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that Jared Wolff, President and Chief Executive Officer, will meet with investors at the Raymond Jam...
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) Q4 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC) Q4 2024 Earnings Conference Call January 23, 2025 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President & CEO Joe Kauder - CFO Conference...
Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.28, Reflecting Strong Year-Over-Year Net Interest Margin Expansion and Lower Noninterest Expenses
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $0.28 Earnings Per Share $17.78 Book Value Per Share $15.72 Tangible Book Value Per Share(1) 10.55% CET1 Ratio 29.1% Average Noni...
Banc of California Creates Charitable Fund and Commits $1 Million to Support Southern California Communities Affected by Wildfires
LOS ANGELES--(BUSINESS WIRE)-- #LosAngeles--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced it has launched the Banc of California Wildfire Relief & R...
Banc of California: The Rescue Plan Continues
Banc of California's turnaround, presents a contrarian investment opportunity with a 32% return so far. The bank's repositioning of its balance sheet and reduced Federal Reserve loan dependence show p...
Banc of California Announces Schedule of Fourth Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2024 on ...
Banc of California Renews Commitment to Alliance for Southern California Innovation
LOS ANGELES--(BUSINESS WIRE)-- #Entrepreneurs--The Alliance for Southern California Innovation (the Alliance) and Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC)...
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...