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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 Expands Specialty Lending Team
LOS ANGELES--(BUSINESS WIRE)-- #Lending--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Chris Hague has joined the company as Executive Vice President and Head of Specialty Finance. In this role, Hague oversees...
CANADIAN BANC CORP. Financial Results to May 31, 2024
TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. ("the Company") announces that its semi-annual financial statements and management report of fund performance for the six months ended May 31, 2024 are now available on the Company's website at...
Banc of California, Inc. (BANC) Q2 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC ) Q2 2024 Results Conference Call July 23, 2024 1:00 PM ET Company Participants Ann DeVries - Head of Investor Relations Jared Wolff - President and Chief Executive Officer Joe Kauder - Chief Financial Officer...
Banc of California (BANC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Banc of California (BANC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago...
Banc of California (BANC) Misses Q2 Earnings and Revenue Estimates
Banc of California (BANC) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.32 per share a year ago.
CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share
TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13588 for each Class A share and $0.06667 for each Preferred share. Distributions are payable August 9, 2024 to shareholders on record as...
Analysts Estimate Banc of California (BANC) to Report a Decline in Earnings: What to Look Out for
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: Opportunity Amidst The Noise
Banc of California has been busy since closing the PacWest deal, including billions of dollars of balance sheet restructuring in Q1 that meaningfully reduces funding costs. I expect above-average growth in 2025 driven by balance sheet restructuring, NIM improvement, and...
Banc of California: 0.75x Book Value, Soaring NII, 3.1% Dividend (Rating Upgrade)
Banc of California shares are undervalued, trading below book value, with potential for upside due to balance sheet restructuring and growth in the net interest margin. The lender's net interest margin increased to 2.66% in Q1'24, driven by a reduction...
CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share
TORONTO, June 19, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13925 for each Class A share and $0.06667 for each Preferred share. Distributions are payable July 10, 2024 to shareholders on record as...
Source: https://incomestatements.info
Category: Stock Reports