Banc of California, Inc.

BANC

US05990K1060

Banks

Real-time Estimate Cboe BZX Other stock markets 11:38:12 2024-07-16 EDT			5-day change	1st Jan Change
14.36 ^USD	+2.90%		+14.76%	+7.07%

07-09	Keefe, Bruyette & Woods Adjusts Price Target on Banc of California to $17 From $18, Maintains Outperform Rating	MT
07-09	Wells Fargo Adjusts Banc of California's Price Target to $15 From $16, Keeps Equalweight Rating	MT

Banc of California, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022

January 19, 2023 at 09:57 am

Banc of California, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported net interest income was USD 314.37 million compared to USD 253.78 million a year ago. Net income was USD 120.94 million compared to USD 62.35 million a year ago.

Basic earnings per share from continuing operations was USD 1.9 compared to USD 0.95 a year ago. Diluted earnings per share from continuing operations was USD 1.89 compared to USD 0.95 a year ago.

Latest news about Banc of California, Inc.

Keefe, Bruyette & Woods Adjusts Price Target on Banc of California to $17 From $18, Maintains Outperform Rating	07-09	MT
Wells Fargo Adjusts Banc of California's Price Target to $15 From $16, Keeps Equalweight Rating	07-09	MT
Truist Securities Adjusts Price Target on Banc of California to $13 From $15, Maintains Hold Rating	07-08	MT
Sector Update: Financial Stocks Ease Late Afternoon	07-05	MT
Banc of California Selling $2 Billion in Mortgage Loans	07-05	MT
Banc of California is selling $2 bln of residential loans, Bloomberg News reports	07-05	RE
Banc of California, Inc.(NYSE:BANC) dropped from Russell 2000 Value-Defensive Index	06-30	CI
Banc of California, Inc.(NYSE:BANC) dropped from Russell 2000 Defensive Index	06-30	CI
RBB Bancorp Appoints Diana Hanson as Chief Accounting Officer	06-26	MT
Banc of California Keeps Quarterly Dividend at $0.10 a Share, Payable July 1 to Holders of Record June 14	05-13	MT
Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on July 1, 2024	05-13	CI
Piper Sandler Adjusts Price Target on Banc of California to $19 From $20, Maintains Overweight Rating	05-13	MT
Truist Trims Price Target on Banc of California to $15 From $16, Keeps Hold Rating	04-25	MT
Barclays Adjusts Banc of California Price Target to $15 From $16, Maintains Equal Weight Rating	04-24	MT
Wedbush Trims Price Target on Banc of California to $15 From $16, Keeps Neutral Rating	04-24	MT
Transcript : Banc of California, Inc., Q1 2024 Earnings Call, Apr 23, 2024	04-23
Banc of California's Q1 Adjusted Earnings, Revenue Decline --Shares Advance Pre-Bell	04-23	MT
Earnings Flash (BANC) BANC OF CALIFORNIA Reports Q1 Revenue $273M, vs. Street Est of $291.6M	04-23	MT
Earnings Flash (BANC) BANC OF CALIFORNIA Posts Q1 EPS $0.19, vs. Street Est of $0.25	04-23	MT
Banc of California, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-23	CI
Banc of California, Inc. Reports Net Charge Off for the First Quarter Ended March 31, 2024	04-23	CI
North American Morning Briefing : Tech in Focus on -2-	03-25	DJ
Keefe, Bruyette & Woods Upgrades Banc of California to Outperform From Market Perform, Adjusts Price Target to $18 From $16	03-22	MT
Banc of California, Inc.(NYSE:BANC) added to S&P Banks Select Industry Index	03-17	CI
Barclays Initiates Banc of California With Equalweight Rating, Price Target is $16	03-08	MT

Chart Banc of California, Inc.

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Company Profile

Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.

Sector

Banks

Calendar

2024-07-22 - Q2 2024 Earnings Release

Related indices

Russell 2000

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Ratings for Banc of California, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.96 USD

Average target price

15.78 USD

Spread / Average Target

+13.02%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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