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BANC

BANC - Banc of California Inc Stock Price, Fair Value and News

13.53USD+0.63 (+4.88%)Market Closed

Market Summary

BANC
USD13.53+0.63
Market Closed
4.88%

BANC Alerts

  • Big jump in Earnings (Y/Y)

BANC Stock Price

View Fullscreen

BANC RSI Chart

BANC Valuation

Market Cap

2.1B

Price/Earnings (Trailing)

-5.45

Price/Sales (Trailing)

1.81

EV/EBITDA

31.7

Price/Free Cashflow

27.92

BANC Price/Sales (Trailing)

BANC Profitability

EBT Margin

-45.33%

Return on Equity

-11.54%

Return on Assets

-1.09%

Free Cashflow Yield

3.58%

BANC Fundamentals

BANC Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

-7.55%

Rev. Growth (Qtr)

2.45%

BANC Earnings

Earnings (TTM)

-391.6M

Earnings Growth (Yr)

102.58%

Earnings Growth (Qtr)

106.39%

Breaking Down BANC Revenue

Last 7 days

3.4%

Last 30 days

0.1%

Last 90 days

-4.6%

Trailing 12 Months

7.1%

How does BANC drawdown profile look like?

BANC Financial Health

Debt/Equity

0.63

Debt/Cashflow

0.04

BANC Investor Care

Dividend Yield

14.67%

Dividend/Share (TTM)

1.99

Shares Dilution (1Y)

103.63%

Diluted EPS (TTM)

-3.38

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.2B000
2023806.3M834.0M854.3M1.2B
2022307.3M326.1M350.2M372.8M
2021284.5M281.5M283.6M291.7M
2020355.1M323.8M300.8M290.6M
2019434.8M433.7M418.5M391.1M
2018389.1M397.8M408.8M422.8M
2017387.6M393.1M391.8M389.2M
2016286.6M312.7M344.3M369.8M
2015206.1M227.4M247.2M266.3M
2014144.1M161.0M173.8M188.1M
201363.9M80.2M97.4M120.5M
201236.6M38.3M46.2M55.0M
201139.4M38.0M36.2M35.2M
2010044.8M42.9M40.9M
200900046.7M
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Tracking the Latest Insider Buys and Sells of Banc of California Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 09, 2024
burke paul robert
acquired
-
-
5,366
-
May 09, 2024
rice joseph j
acquired
-
-
10,732
-
May 09, 2024
lester susan e
acquired
-
-
5,366
-
May 09, 2024
eggemeyer john m iii
acquired
-
-
5,366
-
May 09, 2024
eusey shannon f
acquired
-
-
10,732
-
May 09, 2024
schell todd
acquired
-
-
10,732
-
May 09, 2024
corsini bryan m
acquired
-
-
73,776
chief credit officer
May 09, 2024
schlogel vania e
acquired
-
-
10,732
-
May 09, 2024
lashley richard j
acquired
-
-
5,366
-
May 09, 2024
curran mary a
acquired
-
-
10,732
-

1–10 of 50

Which funds bought or sold BANC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
unchanged
-
179
9,473
-%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
80,000
679,000
0.01%
May 24, 2024
Cetera Investment Advisers
new
-
258,083
258,083
-%
May 20, 2024
EMC Capital Management
new
-
235,000
235,000
0.14%
May 16, 2024
Redwood Investment Management, LLC
new
-
630,000
630,000
0.06%
May 16, 2024
EJF Capital LLC
reduced
-32.97
-1,435,930
4,527,140
3.15%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-9.47
89,287
3,622,280
-%
May 16, 2024
Beacon Capital Management, LLC
new
-
1,810
1,810
-%
May 16, 2024
COMERICA BANK
reduced
-4.29
73,515
949,660
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-8.97
64,396
2,147,820
-%

1–10 of 41

Are Funds Buying or Selling BANC?

Are funds buying BANC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own BANC
No. of Funds

Unveiling Banc of California Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
5.72%
9,014,810
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
3.1%
4,853,903
SC 13G/A
Feb 06, 2024
fj capital management llc
2.31%
3,903,757
SC 13G/A
Jan 24, 2024
state street corp
5.02%
7,912,410
SC 13G/A
Jan 23, 2024
blackrock inc.
12.6%
19,898,522
SC 13G/A
Dec 19, 2023
pl capital advisors, llc
1.9%
3,201,719
SC 13D/A
Dec 01, 2023
warburg pincus llc
2.5%
11,694,581
SC 13D
Oct 27, 2023
fj capital management llc
5.02%
2,860,653
SC 13G
Aug 10, 2023
wellington management group llp
1.63%
935,460
SC 13G/A
Mar 03, 2023
patriot financial partners iii, l.p.
2.89%
1,691,232
SC 13D/A

Recent SEC filings of Banc of California Inc

View All Filings
Date Filed Form Type Document
May 28, 2024
4
Insider Trading
May 28, 2024
4
Insider Trading
May 28, 2024
4
Insider Trading
May 28, 2024
4
Insider Trading
May 28, 2024
4
Insider Trading
May 28, 2024
4
Insider Trading
May 28, 2024
4
Insider Trading
May 28, 2024
4
Insider Trading
May 20, 2024
8-K
Current Report
May 14, 2024
8-K
Current Report

Banc of California Inc News

Latest updates
Defense World24 hours ago
Yahoo Finance13 May 202407:00 am

Banc of California Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue2.5%47946711611651810496.0088.0084.0082.0072.0070.0069.0074.0070.0073.0075.0084.0093.00104111
EBITDA Margin103.2%0.03*-1.00*1.10*1.12*1.25*1.44*1.45*1.50*1.49*1.33*1.27*1.21*1.01*0.88*0.81*0.64*0.73*0.75*---
Interest Expenses51.7%22915169.0070.0027980.0079.0078.0076.0073.0063.0060.0058.0062.0056.0055.0052.0057.0059.0065.0068.00
Income Taxes106.5%12.00-17716.007.00-64.929.0010.0010.0019.003.009.007.002.007.002.00-5.30-2.163.00-5.624.003.00
Earnings Before Taxes106.4%42.00-65959.0025.00-1,26031.0034.0037.0067.009.0032.0026.0017.0029.0018.00-23.75-8.7617.00-19.7521.0010.00
EBT Margin70.0%-0.45*-1.51*0.32*0.28*0.33*0.45*0.42*0.44*0.43*0.28*0.36*0.32*0.14*0.05*0.01*-0.11*0.03*0.07*---
Net Income106.4%31.00-48243.0018.00-1,19522.0024.0027.0049.006.0023.0019.0014.0022.0016.00-18.45-6.5914.00-14.1317.007.00
Net Income Margin75.0%-0.33*-1.33*0.23*0.20*0.23*0.32*0.30*0.32*0.31*0.21*0.28*0.25*0.12*0.04*0.02*-0.08*0.03*0.06*---
Free Cashflow-362.6%-90.3434.0041.0037.008.0057434.0069.005.0041211.0039.0023.0036.0040.00-10.075.0018.00---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12021Q12020Q42020Q32020Q22020Q12019Q42019Q3
Assets-6.4%36,07438,5348,4059,2479,37010,03941,2299,3699,5029,5849,3944,3638,0277,9337,9057,8777,7387,7707,6637,8288,625
    Cash Equivalents-42.6%3,0855,378-3112846,6802,2402562432544,057186163380-3,161292421436373527
  Net PPE-1.3%145147-10910810854.00108109110113114119120-122124125127128129
  Goodwill0%199199-1141141141,37711495.0095.001,40637.0037.0037.00-37.0037.0037.0037.0037.0037.00
Liabilities-7.0%32,67935,1437,7428,2458,4139,08037,2788,4178,5538,6058,3284,1257,1987,1297,0546,9806,8646,9236,8286,9217,724
  Long Term Debt-26.5%2,1392,911----1,764------------173173
Shareholder's Equity0.1%3,3943,391-1,0029572,7713,9519529499794,000845829805-3,595874847835907901
  Retained Earnings4.0%-497-518-3122752641,421231210187148148129115-11095.0086.00111128120
  Additional Paid-In Capital-0.3%3,8283,841-8708688662,821865856855855632631630-635633632631630629
Shares Outstanding0.5%158157---77.0077.00--------------
Float-----615---991---791----484---
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-311.8%-88,39641,74143,59187,440-37,004591,46535,35969,8835,265427,25711,61040,18623,90336,26540,643-9,0957,04920,12933,9127,67818,536
  Share Based Compensation-80.5%4,65623,9351,581-1,8024,98330,2871,7151,4821,28528,2351,1061,3381,5441,3891,3461,4701,5761,1951,4941,497853
Cashflow From Investing-99.1%107,40212,565,484174,016-279,822149,467-3,580,855145,64420,114-154,973-5,297,486-210,740-295,62189,388-217,448-98,826-107,897157,256631,241929,336552,385682,345
Cashflow From Financing75.8%-2,311,354-9,551,960-190,351-4,192,6994,327,4511,144,443-168,009-101,174175,8265,801,781221,63839,25845,399109,512-69,967101,640-101,785-804,772-750,224-550,918-787,768
  Dividend Payments-47.3%16,68631,6635,692-17,93029,456109,2733,5633,6683,752110,3823,0382,9903,0332,9573,0073,0062,8773,0833,0733,0776,467
  Buy Backs99.4%-70.00-12,40493.0093.003,39844,83120.0030.004,298-15.00-30.00--27.5027.0028.0012,041-46,396--
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BANC Income Statement

2024-03-31
Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Interest income:   
Loans and leases$ 385,465$ 346,308$ 430,685
Investment securities34,30341,28044,237
Deposits in financial institutions58,93679,65242,866
Total interest income478,704467,240517,788
Interest expense:   
Deposits194,807207,760155,892
Borrowings38,12492,47469,122
Subordinated debt16,67115,95513,502
Total interest expense249,602316,189238,516
Net interest income229,102151,051279,272
Provision for credit losses10,00047,0003,000
Net interest income after provision for credit losses219,102104,051276,272
Noninterest income:   
Leased equipment income11,71612,36913,857
Other commissions and fees8,1428,86010,344
Service charges on deposit accounts4,7054,5623,573
(Loss) gain on sale of loans and leases(448)(3,526)2,962
Loss on sale of securities0(442,413)0
Dividends and gains on equity investments3,0688,1381,098
Warrant income (loss)178(173)(333)
LOCOM HFS adjustment3303,1750
Other income6,1258,6064,890
Total noninterest income (loss)33,816(400,402)36,391
Noninterest expense:   
Compensation92,23689,35488,476
Insurance and assessments20,46160,01611,717
Customer related expense30,91945,82624,005
Occupancy17,96815,92515,067
Information technology and data processing15,41813,09912,979
Leased equipment depreciation7,5207,4479,375
Other professional services5,0752,9806,073
Loan expense4,4914,4466,524
Intangible asset amortization8,4044,2302,411
Acquisition, integration and reorganization costs0111,8008,514
Goodwill impairment001,376,736
Other expense8,0268,51511,126
Total noninterest expense210,518363,6381,573,003
Earnings (loss) before income taxes42,400(659,989)(1,260,340)
Income tax expense (benefit)(11,548)177,03464,916
Net earnings (loss)30,852(482,955)(1,195,424)
Preferred stock dividends9,9479,9479,947
Net earnings (loss) available to common and equivalent stockholders, basic20,905(492,902)(1,205,371)
Net earnings (loss) available to common and equivalent stockholders, diluted$ 20,905$ (492,902)$ (1,205,371)
Earnings (loss) per share:   
Basic (usd per share)$ 0.12$ (4.55)$ (15.56)
Diluted (usd per share)$ 0.12$ (4.55)$ (15.56)

BANC Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS:  
Cash and due from banks$ 199,922$ 202,427
Interest-earning deposits in financial institutions2,885,3065,175,149
Total cash, cash equivalents, and restricted cash3,085,2285,377,576
Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,657,281 and $2,699,255, respectively)2,286,6822,346,864
Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,153,349 and $2,168,316, respectively)2,291,984[1]2,287,291[2]
FRB and FHLB stock, at cost129,314126,346
Total investment securities4,707,9804,760,501
Loans held for sale80,752122,757
Loans held for investment, net25,517,02825,534,730
Loans and leases held for investment25,755,96125,796,714
Deferred fees, net(44,006)(45,043)
Allowance for loan and lease losses(291,503)(281,687)
Total loans and leases held for investment, net[3]25,181,51925,208,000
Equipment leased to others under operating leases339,925344,325
Premises and equipment, net144,912146,798
Bank owned life insurance341,806339,643
Goodwill198,627198,627
Intangible assets, net157,226165,477
Deferred tax asset, net741,158739,111
Other assets1,094,3831,131,249
Total assets36,073,51638,534,064
LIABILITIES AND STOCKHOLDERS' EQUITY  
Noninterest-bearing deposits7,833,6087,774,254
Interest-bearing deposits21,058,79922,627,515
Total deposits28,892,40730,401,769
Borrowings (including $123,824 and $123,116 at fair value, respectively)2,139,4982,911,322
Subordinated debt937,717936,599
Accrued interest payable and other liabilities709,744893,609
Total liabilities32,679,36635,143,299
Commitments and contingencies
Preferred stock498,516498,516
Common stock ($0.01 par value, 158,390,708 shares issued and 157,608,893 outstanding at March 31, 2024; 157,651,751 shares issued and 156,790,349 outstanding at December 31, 2023)1,5831,577
Class B Non-voting common stock ($0.01 par value, 477,32 shares issued at March 31, 204 and 477,321 share issued at December 31, 2023)55
Additional paid-in capital3,827,7773,840,974
Retained deficit(497,396)(518,301)
Accumulated other comprehensive loss, net(436,436)(432,114)
Total stockholders' equity3,394,1503,390,765
Total liabilities and stockholders' equity36,073,51638,534,064
Nonvoting Common Stock  
LIABILITIES AND STOCKHOLDERS' EQUITY  
Non-voting common stock equivalents ($0.01 par value, 10,145,600 shares issued at March 31, 2024 and 10,829,990 shares issued at December 31, 2023)$ 101$ 108
[1]Excludes accrued interest receivable of $11.3 million at March 31, 2024 which is recorded in "Other assets" on the condensed consolidated balance sheets
[2]Excludes accrued interest receivable of $13.4 million at December 31, 2023 which is recorded in "Other assets" on the condensed consolidated balance sheets
[3]Excludes accrued interest receivable of $109.3 million and $111.3 million at March 31, 2024 and December 31, 2023, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.
BANC
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking and financial products and services in the United States. The company offers deposit products, including interest-bearing and noninterest-bearing demand, checking, savings, and money market deposits accounts; certificate of deposits; and retirement accounts and safe deposit boxes. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate and multifamily loans; construction loans; single family residential mortgage loans; warehouse and indirect/direct leveraged lending; home equity lines of credit; small business administration loans; and consumer loans comprising lines of credit and term loans, as well as and other consumer loans, including automobile loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, interest rate swaps, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and internet banking services; and master demand accounts. Further, it invests in agency securities, municipal bonds, agency residential mortgage-backed securities, and corporate debt securities. The company was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. Banc of California, Inc. was founded in 1941 and is headquartered in Santa Ana, California.
 CEO
 WEBSITEhttps://bancofcal.com
 INDUSTRYBanks Diversified
 EMPLOYEES685

Banc of California Inc Frequently Asked Questions


What is the ticker symbol for Banc of California Inc? What does BANC stand for in stocks?

BANC is the stock ticker symbol of Banc of California Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Banc of California Inc (BANC)?

As of Wed Jun 12 2024, market cap of Banc of California Inc is 2.13 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BANC stock?

You can check BANC's fair value in chart for subscribers.

What is the fair value of BANC stock?

You can check BANC's fair value in chart for subscribers. The fair value of Banc of California Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Banc of California Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BANC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Banc of California Inc a good stock to buy?

The fair value guage provides a quick view whether BANC is over valued or under valued. Whether Banc of California Inc is cheap or expensive depends on the assumptions which impact Banc of California Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BANC.

What is Banc of California Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Jun 12 2024, BANC's PE ratio (Price to Earnings) is -5.45 and Price to Sales (PS) ratio is 1.81. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BANC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Banc of California Inc's stock?

In the past 10 years, Banc of California Inc has provided 0.046 (multiply by 100 for percentage) rate of return.