See more : Banco Alfa de Investimento S.A. (BRIV3.SA) 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 |
PacWest draws upgrade to buy from neutral after Banc of California deal
D.A. Davidson on Monday upgraded PacWest Bancorp PACW, -1.90% to buy from neutral to bring it up to the same rating as upcoming acquirer, Banc of California BANC, -2.49%, as announced last week. “We think that transaction is beneficial to...
Banc of California, Inc. (BANC) Q2 2023 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC ) Q2 2023 Earnings Call Transcript July 26, 2023 12:00 PM ET Company Participants Jared Wolff - President and Chief Executive Officer Joseph Kauder - Chief Financial Officer Paul Taylor - President and Chief Executive...
PACWEST BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PacWest Bancorp - PACW
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 PacWest Bancorp (NasdaqGS: PACW) to Banc of California, Inc. (NYSE: BANC)....
KBRA Affirms Ratings for Banc of California, Inc. and Maintains Watch Developing Status for PacWest Bancorp
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Banc of California, Inc. (NYSE: BANC). Additionally, KBRA affirms the senior unsecured debt and...
JPMorgan Chase will reportedly pick up $1.8bn of loans following US regional bank merger
JPMorgan Chase & Co (NYSE:JPM) will acquire $1.8 billion of single-family residential loans to assist Banc of California (NYSE:BANC)'s acquisition of PacWest Bancorp, according to Reuters, citing an insider familiar with the deal. The merger between Banc of California and PacWest,...
Banc of California is expected to keep leading regional banks higher as PacWest deal ignites sector
Banc of California Inc.'s proposed agreement to acquire PacWest Bancorp. helped send regional-bank stocks considerably higher on Wednesday.
PacWest Shares Soar After Merger with Rival Banc of California
Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.
BANC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Banc of California, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Banc of California, Inc. (NYSE: BANC) and PacWest Bancorp is fair to Banc of California shareholders. Upon completion of the proposed transaction, Banc of...
PacWest's sale to Banc of California ‘provides closure' and is a win for shareholders: analyst
PacWest Bancorp's stock held on to big gains on Wednesday after it announced it has agreed to be acquired in an all-stock deal by Banc of California Inc. Analysts mostly praised the transaction.
California Banks Merge to Get Smaller
The merger of PacWest and Banc of California will actually help shrink the assets of the combined lenders.
Source: https://incomestatements.info
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