Banc of California, Inc. (BANC)

NYSE: BANC · IEX Real-Time Price · USD
15.21
+0.04 (0.26%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.26%
Market Cap 2.39B
Revenue (ttm) 246.84M
Net Income (ttm) -1.94B
Shares Out 168.10M
EPS (ttm) -22.71
PE Ratio n/a
Forward PE 9.85
Dividend $0.40 (2.63%)
Ex-Dividend Date Mar 14, 2024
Volume 4,672,703
Open 15.10
Previous Close 15.17
Day's Range 15.09 - 15.54
52-Week Range 9.72 - 16.08
Beta 1.43
Analysts Hold
Price Target 15.92 (+4.67%)
Earnings Date Apr 18, 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]

Sector Financials
Founded 1941
Employees 2,304
Stock Exchange NYSE
Ticker Symbol BANC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for BANC stock is "Hold." The 12-month stock price forecast is $15.92, which is an increase of 4.67% from the latest price.

Price Target
$15.92
(4.67% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Banc of California Names Greg Smith to Lead Digital Strategy

LOS ANGELES--(BUSINESS WIRE)-- #Banking--Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that industry leader Greg Smith has joined the company a...

21 days ago - Business Wire

Banc of California Named by Newsweek as One of America's Greatest Workplaces for Women 2024

LOS ANGELES--(BUSINESS WIRE)-- #TogetherWeWin--Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California...

22 days ago - Business Wire

Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West

LOS ANGELES--(BUSINESS WIRE)-- #TogetherWeWin--Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California's premier...

5 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

Banc of California, Inc. Reports Fourth Quarter 2023 Financial Results Following Completion of Transformational Merger with PacWest Bancorp

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $38.5B Total Assets $17.12 Book Value Per Share $14.96 Tangible Book Value Per Share(1) 10.12% CET1 Ratio 26% Noninterest-Bearing D...

2 months ago - Business Wire

Banc of California Announces Schedule of Fourth Quarter 2023 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, 2023 on ...

2 months ago - Business Wire

KBRA Affirms Ratings for Banc of California, Inc. and Withdraws Ratings for PacWest Bancorp

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3, and also assigns a pr...

4 months ago - Business Wire

Banc of California Designates Los Angeles as Headquarters and Donates $1 Million to Expand Financing Options for Small Businesses

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) has designated Los Angeles as its new headquarters and has contributed $1 million to help small businesses thrive, CEO Jared Wolff a...

4 months ago - Business Wire

Press Conference with Los Angeles Mayor Karen Bass and Banc of California on Dec. 5

LOS ANGELES--(BUSINESS WIRE)--Members of the media are invited to a press conference with Los Angeles Mayor Karen Bass, Banc of California CEO Jared Wolff, and other local leaders on Tuesday, Dec. 5. ...

4 months ago - Business Wire

Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger with PacWest Bancorp (“PacWest”) (Nasdaq: PACW)...

4 months ago - Business Wire

Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30...

Other symbols: CWENSPGIWORWPC
4 months ago - PRNewsWire

Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger

SANTA ANA, Calif. & LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their res...

4 months ago - Business Wire

Banc of California Announces Quarterly Dividend

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its outstanding comm...

4 months ago - Business Wire

Banc of California Announces Appointments of Four Directors to its Board of Directors in Connection with its Merger with PacWest Bancorp

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the appointments of Todd Schell, a principal of Warburg Pincus LLC, and John M. Eggemey...

5 months ago - Business Wire

PACWEST BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PacWest Bancorp - PACW

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PacWest Bancorp ...

5 months ago - Business Wire

Banc of California Reports Net Income of $42.6 million, with Stable Deposit Mix and Improved Net Interest Margin in Third Quarter 2023 Financial Results

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (“Banc of California”) today reported net income of $42.6 million, or $0.74 per diluted common share, for the third quarter of...

5 months ago - Business Wire

Banc of California Receives Final Regulatory Approval for its Merger with PacWest Bancorp

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced that the Board of Governors of the Feder...

5 months ago - Business Wire

Banc of California Announces Schedule of Third Quarter 2023 Earnings Release and Conference Call

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2023 third quarter financial results before the stock market opens on Tuesday, October 24, 202...

6 months ago - Business Wire

Wells Fargo downgrades four regional banks and highlights four top names in analyst shift

Wells Fargo analyst Timur Braziler downgraded four U.S. regional banks Wednesday, sharing his four top picks as he assumed coverage of the sector.

6 months ago - Market Watch

Banc of California crafts $4.1B community lending program as it merges with PacWest

Banc of California Inc. BANC, -2.58% said Tuesday it will run a $4.1 billion, three-year community lending program with Rise Economy, which was formerly called California Reinvestment Coalition (CRC)....

6 months ago - Market Watch

Banc of California and Rise Economy Announce $4.1 Billion Community Benefits Plan

SANTA ANA, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Banc of California, N.A. (“Banc of California”), a wholly-owned subsidiary of Banc of California, Inc. (NYSE: BANC) and Rise Economy announced today...

6 months ago - Business Wire

Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against PacWest Bancorp (PACW)

SAN DIEGO--(BUSINESS WIRE)---- $BANC #BancofCalifornia--PacWest Bancorp (PACW) Misled Investors Regarding the Impact of Interest Rate Hikes on Pacific Western Bank.

7 months ago - Business Wire

Banc of California Names Debora Vrana as Executive Vice President & Chief Communications Officer

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”) announced today that Debora Vrana has joined its wholly owned subsidiary, Banc of California, N.A. (the “Bank”...

7 months ago - Business Wire

Buyer of PacWest commercial real estate expects to double its $7 billion loan portfolio as rate shocks fuel more banking stress

A raft of credit rating actions against more than two dozen U.S. banks by Moody's Investors Service late Monday didn't shock one buyer of distressed commercial real estate.

Other symbols: KW
8 months ago - Market Watch

10 regional banks expected to buck a weak industry trend

Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen o...

8 months ago - Market Watch