Banc of California, Inc. (BANC)
| Market Cap | 2.37B |
| Revenue (ttm) | 246.84M |
| Net Income (ttm) | -1.94B |
| Shares Out | 168.10M |
| EPS (ttm) | -22.71 |
| PE Ratio | n/a |
| Forward PE | 10.00 |
| Dividend | $0.40 (2.84%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 3,710,584 |
| Open | 13.53 |
| Previous Close | 13.95 |
| Day's Range | 13.51 - 14.09 |
| 52-Week Range | 9.72 - 16.08 |
| Beta | 1.43 |
| Analysts | Hold |
| Price Target | 16.00 (+13.56%) |
| Earnings Date | Apr 23, 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 5 analysts, the average rating for BANC stock is "Hold." The 12-month stock price forecast is $16.0, which is an increase of 13.56% from the latest price.
News
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...
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 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...
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 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...
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...
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...
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. 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...
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 ...
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...
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...
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. ...
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)...
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...
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...
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...
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...
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 ...
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...
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...
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...
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.
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)....
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...