Banc of California

Banc of California, Inc. is a holding company engaged in the provision of commercial banking services. It offers personal banking, business and commercial banking, real estate banking, and private banking. The company was founded in 1941 and is headquartered in Santa Ana, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Banc of California reports record earnings, eyes growth opportunities ahead

Banc of California's Q4 2022 performance showcased record net income and a focus on credit quality and deposit base growth for 2023.
Despite challenges like lower loan fundings and decreased non-interest income, the company's strong balance sheet and strategic initiatives position it well for future growth.
Opportunities in various sectors and the pursuit of a comprehensive payments ecosystem signal a forward-looking approach to drive profitability and market presence.

Banc of California reports solid Q1 earnings amidst margin challenges

Banc of California navigated Q1 2023 with resilience, showcasing stability, strong metrics, and a commitment to shareholder value through increased capital return.
While facing challenges like margin pressure from excess liquidity, the bank is strategically reducing expenses and investing in growth opportunities like the new payments processing business.
With a focus on maintaining stable deposits, managing interest rate risks, and optimizing capital allocation, Banc of California is poised for continued growth and value creation.

Banc of California and PacWest merger to boost EPS in 2024, focusing on fee revenue growth opportunities

Banc of California and PacWest merger set to create a premier California banking franchise. Strategic initiatives and expense savings target to enhance profitability. Technology integration and fee revenue growth opportunities in the payments business. Conservative growth projections due to economic conditions.

Banc of California posts robust Q3 results, eyes growth opportunities

Banc of California's Q3 performance was strong, with a focus on growth, regulatory approvals, and strategic mergers. While challenges exist in credit provisions and margin expectations, the bank is well-positioned to capitalize on opportunities in cost savings, new client acquisitions, and improved lending activity. By emphasizing tailored solutions and efficient services, Banc of California aims to drive growth and strengthen its market position.

Banc of California reports strong Q1 performance post-merger

Banc of California's Q1 performance showcased progress post-merger, with a focus on profitability targets and credit management. While facing challenges in asset size targets and credit quality, the company's strengths in deposit gathering and expense management position them well for growth. Opportunities in improving asset yield, capital targets, and talent acquisition pave the way for future success.

Banc of California reports strong Q2 performance and growth strategies

Banc of California's Q2 performance reflects successful strategic initiatives driving profitability.
The bank's focus on repositioning, tech investments, and expense reduction highlights a path to sustained growth.
Challenges from market uncertainty are being addressed through ongoing optimization efforts.
Opportunities for growth and efficiency improvements are being pursued to enhance overall performance.

Banc of California excels in balance sheet transformation and growth

Banc of California's Q3 performance reflects successful balance sheet transformation and efficient expense management.
The company's focus on external growth and optimizing the balance sheet positions it for future expansion.
Challenges include managing margins in a changing rate environment and balancing capital priorities for growth.
Opportunities lie in further optimizing the balance sheet, exploring capital priorities, and maintaining revenue stability.

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Shares of Banc of California (NYSE:BANC) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 172.73% over the past year to $0.32, which beat the estimate of $0.27.

Banc of California: Q2 Earnings Insights

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income of $19.1 million and net income available to common stockholders for the second quarter of 2021 of $17.3 million, or diluted earnings per common share of $0.34. Highlights for the second quarter included: Return on average assets of 0.98% Total loan production of $904.1 million, including loan fundings of $847.0 million Period-end total cost of deposits of 0.20% and average cost of total deposits

Banc of California Reports Second Quarter 2021 Financial Results

Banc of California (NYSE:BANC) releases its next round of earnings this Thursday, July 22. Here is Benzinga's essential guide to Banc of California's Q2 earnings report.

Earnings Preview: Banc of California

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 second quarter financial results on Thursday, July 22, 2021. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7494802. A live audio webcast will also be available on the Webcasts page of the Comp

Banc of California Announces Schedule of Second Quarter 2021 Earnings Release and Conference Call

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 Pacific Mercantile Bancorp (NasdaqGS: PMBC) to Banc of California, Inc. (NYSE: BANC). Under the terms of the proposed transaction, shareholders of Pacific will receive only 0.5 shares of Banc of California for each share of Pacific that they own. KSF is seeking to determine whether this consideration and the p

PACIFIC MERCANTILE INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Pacific Mercantile Bancorp - PMBC

Banc of California's (BANC) CEO Jared Wolff on Q1 2021 Results - Earnings Call Transcript

Banc of California (BANC) delivered earnings and revenue surprises of -3.85% and -5.90%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Banc of California (BANC) Q1 Earnings and Revenues Miss Estimates

Shares of Banc of California (NYSE:BANC) decreased 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 178.95% year over year to $0.15, which missed the estimate of $0.24.

Recap: Banc of California Q1 Earnings

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income of $14.4 million and net income available to common stockholders for the first quarter of 2021 of $7.8 million, or diluted earnings per common share of $0.15. Highlights for the first quarter included: Return on average assets of 0.74% Average cost of total deposits of 0.28%, an 8 basis point decrease from the prior quarter, and period-end total cost of deposits of 0.24% Noninterest-bearing depos

Banc of California Reports First Quarter 2021 Financial Results

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Alex Kweskin as Executive Vice President and Chief Human Resources Officer of the Company and the Bank, effective Monday, May 3, 2021. Mr. Kweskin will be based in Santa Ana and report to Jared Wolff, President and CEO. Mr. Kweskin joins the Company from MUFG Union Bank, N.A., a division of Mitsubishi UFJ Fin

Banc of California Names Alex Kweskin Executive Vice President and Chief Human Resources Officer

Banc of California (BANC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Banc of California (BANC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 first quarter financial results on Thursday, April 22, 2021. The Company will host a conference call to discuss its first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 3056351. A live audio webcast will also be available on the Webcasts page of the Compa

Banc of California Announces Schedule of First Quarter 2021 Earnings Release and Conference Call

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Pacific Mercantile Bancorp

NEW YORK, March 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Pacific Mercantile Bancorp ("Pacific Mercantile") (NASDAQ: PMBC) in connection with the proposed acquisition of the Company by Banc of California, Inc.  ("BANC" or the "Company") (NYSE: BANC). Under the terms of the merger agreement, Pacific Mercantile shareholders will receive 0.5 shares of BANC stock for each share of Pacific Mercantile common stock that they hold, representing implied per share merger consideration of $9.77 based upon BANC's March 22, 2021 closing price of $19.54.

SHAREHOLDER ALERT: WeissLaw LLP Investigates PACIFIC MERCANTILE BANCORP

Banc of California's (BANC) merger deal with Pacific Mercantile Bancorp will be accretive to earnings and result in substantial addition to fee income.

Banc of California (BANC)-Pacific Mercantile Ink Merger Deal

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Banc of California, Inc. (NYSE: BANC) and Pacific Mercantile Bancorp is fair to Banc of California shareholders. Under the terms of the agreement, Pacific Mercantile shareholders will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own. Halper Sadeh encourages Banc of California shareholders to click here to learn mor

BANC Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Banc of California, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – BANC

Banc of California announced it is buying Pacific Mercantile Bancorp in a deal valued at $235 million. These are the details.

Banc of California (BANC) Buying Pacific Mercantile Bancorp (PMBC) In $235 Million Deal

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”, “Banc of California”, “we”, “us” or “our”), the holding company of Banc of California, N.A., and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”), the holding company of Pacific Mercantile Bank, today announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately

Banc of California, Inc. to Acquire Pacific Mercantile Bancorp, Creating a $9.5 Billion Business Banking Franchise in Southern California

Banc of California (BANC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why Banc of California (BANC) Stock Might be a Great Pick

The bank used 2020 to accelerate its strategy of adding low-cost deposits and loans that are more relationship-based.

After Remixing Its Balance Sheet, This Bank Stock Looks Well Positioned

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), today announced that it will redeem on March 15, 2021 all of its outstanding 7.375% Non-Cumulative Perpetual Preferred Stock, Series D, par value $0.01 per share (the “Series D Preferred Stock”), and the corresponding depositary shares, each representing a 1/40th interest in a share of the Series D Preferred Stock (the “Series D Depositary Shares”). In addition, Banc of California announced that its Board of Directors ha

Banc of California Announces Redemption of Series D Preferred Stock and Quarterly Dividends

Banc of California, Inc. (BANC) CEO Jared Wolff on Q4 2020 Results - Earnings Call Transcript

Banc of California (BANC) delivered earnings and revenue surprises of 84.21% and 11.74%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Banc of California (BANC) Tops Q4 Earnings and Revenue Estimates

Shares of Banc of California (NYSE:BANC) fell 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 75.00% year over year to $0.35, which beat the estimate of $0.18.

Banc of California: Q4 Earnings Insights

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income of $21.7 million and net income available to common stockholders for the fourth quarter of 2020 of $17.7 million, or diluted earnings per common share of $0.35. Highlights for the fourth quarter included: Return on average assets of 1.11% Net interest margin of 3.38%, a 29 basis points increase from the prior quarter Average cost of total deposits of 0.36%, a 15 basis points decrease from the pri

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