See more : Western Uranium & Vanadium Corp. (WSTRF) 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
- Palm Jewels Limited (PALMJEWELS.BO) Income Statement Analysis – Financial Results
- Quantum eMotion Corp. (QNC.V) Income Statement Analysis – Financial Results
- Zhuzhou Huarui Precision Cutting Tools Co.,Ltd (688059.SS) Income Statement Analysis – Financial Results
- MonotaRO Co., Ltd. (3064.T) Income Statement Analysis – Financial Results
- TradeUP Global Corporation (TUGCU) 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: A Top Dividend Growth Stock For 2024
Banc of California recently completed its merger with PacWest Bancorp, making it a leading bank in the state of California. The merger allows Banc of California to reduce expenses and optimize its balance sheet by repaying high-cost wholesale funding. The...
UBS and Credit Suisse Agree to Merge Their Parent Banks
UBS Group AG (UBS) and Credit Suisse approve the merger between their parent banks, which is expected to be completed in 2024.
KBRA Affirms Ratings for Banc of California, Inc. and Withdraws Ratings for PacWest Bancorp
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3, and also assigns a preferred stock rating of BB for Banc of California, Inc. (NYSE:...
Banc of California: United We Will Likely Get More Dividends
Banc of California, Inc. has merged with PacWest and received a $400 million investment, aiming to reposition the organization on an investment grade pathway. Successful turnarounds often yield decent dividends, making this a choice for those retiring in the future....
Banc of California Designates Los Angeles as Headquarters and Donates $1 Million to Expand Financing Options for Small Businesses
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) has designated Los Angeles as its new headquarters and has contributed $1 million to help small businesses thrive, CEO Jared Wolff announced today at a joint press conference with Los Angeles Mayor...
Press Conference with Los Angeles Mayor Karen Bass and Banc of California on Dec. 5
LOS ANGELES--(BUSINESS WIRE)--Members of the media are invited to a press conference with Los Angeles Mayor Karen Bass, Banc of California CEO Jared Wolff, and other local leaders on Tuesday, Dec. 5. Banc of California will announce a major donation...
Banc of California (BANC) Closes Buyout of PacWest Bancorp
Banc of California (BANC) completes the acquisition of PacWest Bancorp. The all-stock deal, announced in July, will serve the banking needs of small and medium-sized businesses in California.
Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger with PacWest Bancorp (“PacWest”) (Nasdaq: PACW), pursuant to which PacWest has merged into Banc of California, and as of December 1,...
Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD:...
PacWest (PACW)-Banc of California (BANC) Deal Gets Shareholder Nod
PacWest (PACW) and Banc of California (BANC) receive shareholder approval for their merger deal. The transaction is expected to close on or around Nov 30, 2023, as planned.
Source: https://incomestatements.info
Category: Stock Reports