See more : Horizonte Minerals Plc (HZM.TO) 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.
You may be interested
- Ratos AB (publ) (RATO-B.ST) Income Statement Analysis – Financial Results
- Rekor Systems, Inc. (REKR) Income Statement Analysis – Financial Results
- Prospech Limited (PRS.AX) Income Statement Analysis – Financial Results
- Nippon Paint Holdings Co., Ltd. (4612.T) Income Statement Analysis – Financial Results
- Nika BioTechnology, Inc. (NIKA) Income Statement Analysis – Financial Results
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: Priced Below Tangible Book Value Unfairly
Banc of California and PacWest merger created the third largest bank in California with over 70 branches and a focus on improving profitability. Asset analysis shows a stable loan portfolio with potential for improved profitability through new loan production and...
Banc of California's Build@Banc Supports Startups From Seed Investment to IPO
LOS ANGELES--(BUSINESS WIRE)-- #Startups--Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to providing tailored banking solutions to seed and early-stage innovative startups. The Build@Banc team...
Swiss National Bank Boosts Stake in Banc of California, Inc. (NYSE:BANC)
Swiss National Bank grew its stake in shares of Banc of California, Inc. (NYSE:BANC – Free Report) by 156.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 295,114 shares...
Banc of California: Preferred Remains Attractive For Income
Banc of California inherited PacWest's preferred shares in its acquisition in late 2023. Banc of California has a different asset mix than PacWest but our assessment is that it has similarly robust adjusted capital levels. The majority of appreciation has...
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 July 1, 2024, to...
Banc of California Inc (BANC) Q1 2024 Earnings Call Transcript
Banc of California Inc (NYSE:BANC ) Q1 2024 Results Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - Vice Chairman, President & CEO Joseph Kauder - Executive VP & CFO Conference Call Participants Jared Shaw -...
Banc of California, Inc. (PACW) Q1 2024 Earnings Call Transcript
Banc of California, Inc. (NASDAQ:PACW ) Q1 2024 Earnings Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - President & Chief Executive Officer Joe Kauder - Chief Financial Officer Bill Black - Head-Strategy Conference Call Participants...
Compared to Estimates, Banc of California (BANC) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Banc of California (BANC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall...
Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance Sheet
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $0.17 Earnings Per Share $0.19 Adjusted Earnings Per Share(1) $17.18 Book Value Per Share $15.07 Tangible Book Value Per Share(1) 10.12% CET1 Ratio 27% Noninterest-Bearing Deposits Banc of California, Inc. (NYSE: BANC)...
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.
Source: https://incomestatements.info
Category: Stock Reports