See more : Hydrotek Public Company Limited (HYDRO.BK) Income Statement Analysis – Financial Results
Complete financial analysis of Banc of California, Inc. (BANC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Banc of California, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Banc of California, Inc. (BANC)
About Banc of California, Inc.
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest-bearing and noninterest-bearing demand accounts, as well as certificate of deposits. 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 other consumer loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and internet banking services; and master demand accounts, interest rate swaps, and safe deposit boxes. Further, it invests in collateralized loan obligations, agency securities, municipal bonds, agency residential mortgage-backed securities, and corporate debt securities. As of December 31, 2020, the company operated 29 full-service branches in Southern California. 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 278.39M | 331.72M | 272.71M | 243.11M | 260.28M | 309.99M | 348.86M | 597.35M | 434.02M | 300.91M | 193.97M | 83.17M | 34.05M | 35.04M | 30.50M | 25.08M | 19.26M | 20.79M | 21.09M | 21.86M | 19.84M | 14.73M | 1.10M | 1.53M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.41M | 5.84M | 19.38M | 1.18M | 1.49M | 12.64M | 12.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 278.39M | 331.72M | 272.71M | 243.11M | 260.28M | 307.58M | 343.02M | 577.98M | 432.83M | 299.43M | 181.33M | 70.33M | 34.05M | 35.04M | 30.50M | 25.08M | 19.26M | 20.79M | 21.09M | 21.86M | 19.84M | 14.73M | 1.10M | 1.53M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.22% | 98.33% | 96.76% | 99.73% | 99.51% | 93.48% | 84.55% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 332.35M | 113.06M | 103.36M | 96.81M | 105.92M | 109.97M | 129.15M | 257.92M | 213.11M | 162.88M | 110.69M | 41.89M | 19.05M | 13.43M | 9.38M | 6.73M | 7.27M | 7.45M | 7.28M | 7.07M | 6.00M | 4.61M | 829.00K | 0.00 |
| Selling & Marketing | 135.67M | 0.00 | 491.00K | 3.30M | 8.42M | 12.66M | 5.31M | 10.74M | 6.16M | 5.02M | 4.36M | 1.05M | 477.00K | 232.00K | 178.00K | 319.00K | 353.00K | 364.00K | 429.00K | 344.00K | 399.00K | 282.00K | 282.00K | 0.00 |
| SG&A | 468.02M | 113.06M | 103.85M | 100.11M | 114.34M | 122.64M | 129.15M | 257.92M | 213.11M | 162.88M | 110.69M | 41.89M | 19.52M | 13.66M | 9.56M | 7.05M | 7.62M | 7.81M | 7.71M | 7.41M | 6.40M | 4.89M | 1.11M | 0.00 |
| Other Expenses | 0.00 | -45.11M | -293.94M | -328.86M | -346.64M | -257.82M | -102.34M | -86.78M | 0.00 | 0.00 | 0.00 | -97.63M | -50.56M | -34.05M | -24.78M | -11.09M | 5.55M | 5.59M | -4.67M | -8.88M | -10.03M | -6.92M | 12.97M | 10.53M |
| Operating Expenses | 498.44M | 15.00M | -190.09M | -228.75M | -232.30M | -120.55M | 47.73M | 42.03M | 26.35M | 24.26M | 18.23M | -55.74M | -31.04M | -20.39M | -15.22M | -4.05M | 13.18M | 13.40M | 3.04M | -1.47M | -3.62M | -2.03M | 14.08M | 10.53M |
| Cost & Expenses | 498.44M | 15.00M | -190.09M | -228.75M | -232.30M | -120.55M | 53.57M | 61.41M | 27.53M | 25.75M | 30.87M | 12.85M | -31.04M | -20.39M | -15.22M | -4.05M | 13.18M | 13.40M | 3.04M | -1.47M | -3.62M | -2.03M | 14.08M | 10.53M |
| Interest Income | 1.97B | 372.77M | 291.66M | 290.61M | 391.11M | 422.80M | 389.19M | 376.52M | 261.82M | 185.92M | 119.31M | 54.68M | 34.96M | 40.73M | 46.58M | 45.90M | 45.71M | 45.51M | 35.65M | 31.73M | 27.72M | 21.83M | 21.82M | 18.70M |
| Interest Expense | 1.22B | 58.41M | 37.88M | 66.01M | 142.95M | 136.72M | 85.00M | 59.50M | 42.62M | 32.86M | 23.28M | 8.48M | 6.04M | 10.79M | 17.98M | 23.02M | 28.85M | 26.95M | 16.70M | 11.43M | 9.16M | 8.11M | 11.57M | 10.32M |
| Depreciation & Amortization | 91.29M | 61.63M | 20.55M | 17.82M | 18.62M | 13.89M | 16.35M | 16.53M | 5.84M | 10.91M | 6.93M | 2.41M | 650.00K | 390.00K | 446.00K | 447.00K | 434.00K | 441.00K | 508.00K | 502.00K | 635.00K | 675.00K | 445.00K | 0.00 |
| EBITDA | 0.00 | 664.97M | 177.96M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.52M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.00K | 0.00 | 0.00 | 0.00 | 0.00 | 12.06M |
| EBITDA Ratio | 0.00% | 73.66% | 30.76% | 6.53% | 11.59% | 64.82% | 37.98% | 37.74% | 37.30% | 23.11% | 19.36% | 20.44% | 10.76% | 42.93% | 51.56% | 85.64% | 170.69% | 166.61% | 116.84% | 95.57% | 84.94% | 90.82% | 1,421.84% | 787.59% |
| Operating Income | -251.60M | 242.64M | 82.62M | 14.36M | 27.98M | 187.04M | 53.47M | 220.59M | 156.04M | 58.64M | 30.62M | 14.59M | 3.01M | 14.65M | 15.28M | 21.03M | 32.43M | 34.19M | 24.14M | 20.39M | 16.22M | 12.70M | 15.18M | 12.06M |
| Operating Income Ratio | -90.38% | 73.15% | 30.30% | 5.91% | 10.75% | 60.34% | 15.33% | 36.93% | 35.95% | 19.49% | 15.79% | 17.54% | 8.85% | 41.81% | 50.10% | 83.86% | 168.43% | 164.49% | 114.43% | 93.27% | 81.74% | 86.23% | 1,381.35% | 787.59% |
| Total Other Income/Expenses | -1.96B | -200.76M | 0.00 | 1.79M | 4.22M | 4.84M | -26.58M | 19.75M | 9.82M | 408.00K | -23.28M | -364.00K | -3.02M | -327.00K | -2.69M | -1.99M | -422.00K | -223.00K | -226.00K | -11.43M | -9.16M | -8.11M | -11.57M | 11.04M |
| Income Before Tax | -2.21B | 168.88M | 82.62M | 14.36M | 27.98M | 46.99M | 26.89M | 149.41M | 104.27M | 25.78M | 7.34M | 6.11M | -3.02M | 3.86M | -2.69M | -1.99M | 3.59M | 7.25M | 7.43M | 8.96M | 7.06M | 4.59M | 3.61M | 2.04M |
| Income Before Tax Ratio | -794.35% | 50.91% | 30.30% | 5.91% | 10.75% | 15.16% | 7.71% | 25.01% | 24.02% | 8.57% | 3.78% | 7.35% | -8.88% | 11.02% | -8.83% | -7.94% | 18.62% | 34.86% | 35.24% | 41.00% | 35.58% | 31.18% | 328.30% | 133.44% |
| Income Tax Expense | -312.20M | 47.95M | 20.28M | 1.79M | 4.22M | 4.84M | -26.58M | 33.99M | 42.19M | -4.54M | 7.26M | 115.00K | -296.00K | 1.04M | -1.70M | -1.46M | 624.00K | 2.53M | 2.63M | 3.89M | 2.96M | 1.96M | 1.51M | 300.00K |
| Net Income | -1.90B | 120.94M | 62.35M | 12.57M | 23.76M | 45.47M | 57.71M | 115.42M | 62.07M | 30.32M | 79.00K | 6.00M | -2.73M | 2.83M | -999.00K | -529.00K | 2.96M | 4.71M | 4.81M | 5.08M | 4.10M | 2.64M | 2.10M | 1.74M |
| Net Income Ratio | -682.20% | 36.46% | 22.86% | 5.17% | 9.13% | 14.67% | 16.54% | 19.32% | 14.30% | 10.08% | 0.04% | 7.21% | -8.01% | 8.06% | -3.28% | -2.11% | 15.38% | 22.68% | 22.79% | 23.22% | 20.67% | 17.89% | 190.72% | 113.85% |
| EPS | -13.30 | 0.83 | 0.53 | 0.11 | 0.20 | 0.37 | 0.47 | 0.96 | 0.58 | 0.35 | 0.00 | 0.13 | -0.08 | 0.18 | -0.08 | -0.04 | 0.24 | 0.38 | 0.39 | 0.39 | 0.29 | 0.17 | 0.13 | 0.11 |
| EPS Diluted | -22.71 | 0.85 | 0.53 | 0.11 | 0.20 | 0.37 | 0.47 | 0.96 | 0.58 | 0.35 | 0.00 | 0.13 | -0.08 | 0.18 | -0.08 | -0.04 | 0.23 | 0.37 | 0.38 | 0.39 | 0.28 | 0.17 | 0.13 | 0.11 |
| Weighted Avg Shares Out | 145.79M | 145.79M | 117.31M | 116.81M | 118.97M | 123.72M | 121.61M | 120.24M | 106.35M | 86.86M | 40.82M | 34.77M | 34.79M | 15.32M | 12.47M | 12.48M | 12.51M | 12.30M | 12.43M | 12.90M | 14.31M | 15.87M | 15.87M | 15.87M |
| Weighted Avg Shares Out (Dil) | 85.39M | 142.98M | 117.31M | 116.85M | 118.97M | 123.64M | 121.61M | 120.24M | 106.33M | 86.85M | 40.82M | 34.77M | 34.79M | 15.32M | 12.47M | 12.48M | 12.69M | 12.63M | 12.76M | 13.13M | 14.47M | 15.87M | 15.87M | 15.87M |
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 common stock. The dividend will be payable January 2, 2025, to...
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Banc of California, Inc. (BANC) Q3 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC ) Q3 2024 Earnings Conference Call October 22, 2024 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President and CEO Joe Kauder - CFO Conference Call Participants Matthew Clark -...
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Although the revenue and EPS for Banc of California (BANC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the...
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Banc of California (BANC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.30 per share a year ago.
Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $(0.01) Loss Per Share $0.25 Adjusted Earnings Per Share(1) $17.75 Book Value Per Share $15.63 Tangible Book Value Per Share(1) 10.45% CET1 Ratio 28% Average Noninterest-Bearing Deposits to Average Total Deposits Banc...
Analysts Estimate Banc of California (BANC) to Report a Decline in Earnings: What to Look Out for
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Banc of California: Progress Will Continue In The Third Quarter
Banc of California received a $400 million investment from Warburg Pincus (related entities) to inject liquidity and strengthen its business. Integration efforts include selling problematic loans. The stock has lagged industry recovery, that should change as the bank continues to...
Banc of California Announces Schedule of Third 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 third quarter financial results on Tuesday, October 22, 2024. The Company will host a conference call to discuss its third quarter results at 10:00...
Banc of California Hires Ken McMullen as Executive Vice President and Treasurer
LOS ANGELES--(BUSINESS WIRE)-- #TogetherWeWin--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management...
Source: https://incomestatements.info
Category: Stock Reports