BANC - Banc of California Inc Stock Price, Fair Value and News

14.15USD-0.06 (-0.42%)Delayed as of 16 May 2024, 12:02 pm ET

Market Summary

USD14.15-0.06

Delayedas of 16 May 2024, 12:02 pm

-0.42%

BANC Alerts

1 major insider buys recently.

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

BANC Stock Price

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BANC RSI Chart

BANC Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

-5.72

Price/Sales (Trailing)

1.9

EV/EBITDA

27.1

Price/Free Cashflow

102.98

BANC Price/Sales (Trailing)

BANC Profitability

EBT Margin

-45.33%

Return on Equity

-11.54%

Return on Assets

-1.09%

Free Cashflow Yield

0.97%

BANC Fundamentals

BANC Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

347.73%

Rev. Growth (Qtr)

2.45%

BANC Earnings

Earnings (TTM)

-391.6M

Earnings Growth (Yr)

52.15%

Earnings Growth (Qtr)

106.39%

Breaking Down BANC Revenue

52 Week Range

10.6216.08

(Low)(High)

Last 7 days

-4.7%

Last 30 days

2.0%

Last 90 days

-2.5%

Trailing 12 Months

39.9%

How does BANC drawdown profile look like?

BANC Financial Health

Debt/Equity

0.63

Debt/Cashflow

0.02

BANC Investor Care

Dividend Yield

14.5%

Dividend/Share (TTM)

2.06

Shares Dilution (1Y)

103.63%

Diluted EPS (TTM)

-3.38

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.2B	0	0	0
2023	395.4M	423.2M	443.4M	806.5M
2022	307.3M	326.1M	350.2M	372.8M
2021	284.5M	281.5M	283.6M	291.7M
2020	355.1M	323.8M	300.8M	290.6M
2019	434.8M	433.7M	418.5M	391.1M
2018	389.1M	397.8M	408.8M	422.8M
2017	387.6M	393.1M	391.8M	389.2M
2016	286.6M	312.7M	344.3M	369.8M
2015	206.1M	227.4M	247.2M	266.3M
2014	144.1M	161.0M	173.8M	188.1M
2013	63.9M	80.2M	97.4M	120.5M
2012	36.6M	38.3M	46.2M	55.0M
2011	39.4M	38.0M	36.2M	35.2M
2010	0	44.8M	42.9M	40.9M
2009	0	0	0	46.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Banc of California Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 25, 2024	wolff jared m	bought	99,677	13.98	7,130	president and ceo
Mar 14, 2024	lashley richard j	bought	108,562	14.475	7,500	-
Mar 09, 2024	sotoodeh john k	sold (taxes)	-10,669	14.86	-718	chief operating officer
Mar 09, 2024	hussain hamid	sold (taxes)	-10,253	14.86	-690	president of the bank
Mar 09, 2024	dyck robert g	sold (taxes)	-7,682	14.86	-517	chief credit officer
Mar 09, 2024	lindsay olivia i	sold (taxes)	-2,318	14.86	-156	chief risk officer
Mar 09, 2024	dotan ido	sold (taxes)	-10,149	14.86	-683	general counsel, corp secrty
Mar 09, 2024	wolff jared m	sold (taxes)	-47,834	14.86	-3,219	president and ceo
Mar 02, 2024	dotan ido	sold (taxes)	-9,246	14.38	-643	general counsel, corp secrty
Mar 02, 2024	dyck robert g	sold (taxes)	-8,426	14.38	-586	chief credit officer

Which funds bought or sold BANC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.08	111,351	945,943	-%
May 15, 2024	MALTESE CAPITAL MANAGEMENT LLC	unchanged	-	-27,616	3,178,600	0.61%
May 15, 2024	BOKF, NA	sold off	-100	-1,463	-	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	62.78	10,300,400	22,510,700	0.01%
May 15, 2024	Black Maple Capital Management LP	added	195	4,931,760	7,033,240	4.31%
May 15, 2024	Royal Bank of Canada	reduced	-38.55	-469,000	1,073,000	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	sold off	-100	-1,569,000	-	-%
May 15, 2024	MALTESE CAPITAL MANAGEMENT LLC	added	171	14,362,300	21,278,800	4.10%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-72.87	-364,734	161,789	-%
May 15, 2024	MARSHALL WACE, LLP	sold off	-100	-527,450	-	-%

Are Funds Buying or Selling BANC?

Are funds buying BANC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BANC

No. of Funds

Unveiling Banc of California Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.72%	9,014,810	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	3.1%	4,853,903	SC 13G/A
Feb 06, 2024	fj capital management llc	2.31%	3,903,757	SC 13G/A
Jan 24, 2024	state street corp	5.02%	7,912,410	SC 13G/A
Jan 23, 2024	blackrock inc.	12.6%	19,898,522	SC 13G/A
Dec 19, 2023	pl capital advisors, llc	1.9%	3,201,719	SC 13D/A
Dec 01, 2023	warburg pincus llc	2.5%	11,694,581	SC 13D
Oct 27, 2023	fj capital management llc	5.02%	2,860,653	SC 13G
Aug 10, 2023	wellington management group llp	1.63%	935,460	SC 13G/A
Mar 03, 2023	patriot financial partners iii, l.p.	2.89%	1,691,232	SC 13D/A

Recent SEC filings of Banc of California Inc

View All Filings

Date Filed	Form Type	Document
May 14, 2024	8-K	Current Report
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading

Banc of California Inc News

Latest updates

Banc of California Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.5%	479	467	116	116	107	104	96.00	88.00	84.00	82.00	72.00	70.00	69.00	74.00	70.00	73.00	75.00	84.00	93.00	104	111
EBITDA Margin	124.6%	0.04*	-0.17*	1.10*	1.12*	1.25*	1.44*	1.45*	1.50*	1.49*	1.33*	1.27*	1.21*	1.01*	0.88*	0.81*	0.64*	0.73*	0.75*	-	-	-
Interest Expenses	51.7%	229	151	69.00	70.00	73.00	80.00	79.00	78.00	76.00	73.00	63.00	60.00	58.00	62.00	56.00	55.00	52.00	57.00	59.00	65.00	68.00
Income Taxes	106.5%	12.00	-177	16.00	7.00	7.00	9.00	10.00	10.00	19.00	3.00	9.00	7.00	2.00	7.00	2.00	-5.30	-2.16	3.00	-5.62	4.00	3.00
Earnings Before Taxes	106.4%	42.00	-659	59.00	25.00	28.00	31.00	34.00	37.00	67.00	9.00	32.00	26.00	17.00	29.00	18.00	-23.75	-8.76	17.00	-19.75	21.00	10.00
EBT Margin	33.4%	-0.45*	-0.68*	0.32*	0.28*	0.33*	0.45*	0.42*	0.44*	0.43*	0.28*	0.36*	0.32*	0.14*	0.05*	0.01*	-0.11*	0.03*	0.07*	-	-	-
Net Income	106.4%	31.00	-482	43.00	18.00	20.00	22.00	24.00	27.00	49.00	6.00	23.00	19.00	14.00	22.00	16.00	-18.45	-6.59	14.00	-14.13	17.00	7.00
Net Income Margin	33.4%	-0.33*	-0.50*	0.23*	0.20*	0.23*	0.32*	0.30*	0.32*	0.31*	0.21*	0.28*	0.25*	0.12*	0.04*	0.02*	-0.08*	0.03*	0.06*	-	-	-
Free Cashflow	-362.6%	-90.34	34.00	41.00	37.00	8.00	574	34.00	69.00	5.00	412	11.00	39.00	23.00	36.00	40.00	-10.07	5.00	18.00	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3
Assets	-6.4%	36,074	38,534	8,405	9,247	9,370	10,039	41,229	9,369	9,502	9,584	9,394	4,363	8,027	7,933	7,905	7,877	7,738	7,770	7,663	7,828	8,625
Cash Equivalents	-42.6%	3,085	5,378	-	311	284	1,011	2,240	256	243	254	4,057	186	163	380	-	3,161	292	421	436	373	527
Net PPE	-1.3%	145	147	-	109	108	108	54.00	108	109	110	113	114	119	120	-	122	124	125	127	128	129
Goodwill	0%	199	199	-	114	114	114	1,377	114	95.00	95.00	1,406	37.00	37.00	37.00	-	37.00	37.00	37.00	37.00	37.00	37.00
Liabilities	-7.0%	32,679	35,143	7,742	8,245	8,413	9,080	37,278	8,417	8,553	8,605	8,328	4,125	7,198	7,129	7,054	6,980	6,864	6,923	6,828	6,921	7,724
Long Term Debt	-26.5%	2,139	2,911	-	-	-	-	1,764	-	-	-	-	-	-	-	-	-	-	-	-	173	173
Shareholder's Equity	0.1%	3,394	3,391	-	1,002	957	959	3,951	952	949	979	4,000	845	829	805	-	3,595	874	847	835	907	901
Retained Earnings	4.0%	-497	-518	-	312	275	264	1,421	231	210	187	148	148	129	115	-	110	95.00	86.00	111	128	120
Additional Paid-In Capital	-0.3%	3,828	3,841	-	870	868	866	2,821	865	856	855	855	632	631	630	-	635	633	632	631	630	629
Shares Outstanding	0.5%	158	157	-	-	-	77.00	77.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	615	-	-	-	991	-	-	-	791	-	-	-	-	484	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-311.8%	-88,396	41,741	43,591	39,363	11,073	591,465	35,359	69,883	5,265	427,257	11,610	40,186	23,903	36,265	40,643	-9,095	7,049	20,129	33,912	7,678	18,536
Share Based Compensation	-80.5%	4,656	23,935	1,581	1,726	1,455	30,287	1,715	1,482	1,285	28,235	1,106	1,338	1,544	1,389	1,346	1,470	1,576	1,195	1,494	1,497	853
Cashflow From Investing	-99.1%	107,402	12,565,484	174,016	-75,916	-54,439	-3,580,855	145,644	20,114	-154,973	-5,297,486	-210,740	-295,621	89,388	-217,448	-98,826	-107,897	157,256	631,241	929,336	552,385	682,345
Cashflow From Financing	75.8%	-2,311,354	-9,551,960	-190,351	-690,669	825,421	1,144,443	-168,009	-101,174	175,826	5,801,781	221,638	39,258	45,399	109,512	-69,967	101,640	-101,785	-804,772	-750,224	-550,918	-787,768
Dividend Payments	-47.3%	16,686	31,663	5,692	5,880	5,646	109,273	3,563	3,668	3,752	110,382	3,038	2,990	3,033	2,910	3,007	3,006	2,877	3,127	3,073	3,077	6,467
Buy Backs	99.4%	-70.00	-12,404	93.00	93.00	3,398	44,831	20.00	30.00	4,298	-15.00	-	30.00	-	-27.50	27.00	28.00	12,041	-	46,396	-	-

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BANC Income Statement

2024-03-31

Condensed Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Interest income:
Loans and leases	$ 385,465	$ 346,308	$ 430,685
Investment securities	34,303	41,280	44,237
Deposits in financial institutions	58,936	79,652	42,866
Total interest income	478,704	467,240	517,788
Interest expense:
Deposits	194,807	207,760	155,892
Borrowings	38,124	92,474	69,122
Subordinated debt	16,671	15,955	13,502
Total interest expense	249,602	316,189	238,516
Net interest income	229,102	151,051	279,272
Provision for credit losses	10,000	47,000	3,000
Net interest income after provision for credit losses	219,102	104,051	276,272
Noninterest income:
Leased equipment income	11,716	12,369	13,857
Other commissions and fees	8,142	8,860	10,344
Service charges on deposit accounts	4,705	4,562	3,573
(Loss) gain on sale of loans and leases	(448)	(3,526)	2,962
Loss on sale of securities	0	(442,413)	0
Dividends and gains on equity investments	3,068	8,138	1,098
Warrant income (loss)	178	(173)	(333)
LOCOM HFS adjustment	330	3,175	0
Other income	6,125	8,606	4,890
Total noninterest income (loss)	33,816	(400,402)	36,391
Noninterest expense:
Compensation	92,236	89,354	88,476
Insurance and assessments	20,461	60,016	11,717
Customer related expense	30,919	45,826	24,005
Occupancy	17,968	15,925	15,067
Information technology and data processing	15,418	13,099	12,979
Leased equipment depreciation	7,520	7,447	9,375
Other professional services	5,075	2,980	6,073
Loan expense	4,491	4,446	6,524
Intangible asset amortization	8,404	4,230	2,411
Acquisition, integration and reorganization costs	0	111,800	8,514
Goodwill impairment	0	0	1,376,736
Other expense	8,026	8,515	11,126
Total noninterest expense	210,518	363,638	1,573,003
Earnings (loss) before income taxes	42,400	(659,989)	(1,260,340)
Income tax expense (benefit)	(11,548)	177,034	64,916
Net earnings (loss)	30,852	(482,955)	(1,195,424)
Preferred stock dividends	9,947	9,947	9,947
Net earnings (loss) available to common and equivalent stockholders, basic	20,905	(492,902)	(1,205,371)
Net earnings (loss) available to common and equivalent stockholders, diluted	$ 20,905	$ (492,902)	$ (1,205,371)
Earnings (loss) per share:
Basic (usd per share)	$ 0.12	$ (4.55)	$ (15.56)
Diluted (usd per share)	$ 0.12	$ (4.55)	$ (15.56)

BANC Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

ASSETS:

Cash and due from banks

$ 199,922

$ 202,427

Interest-earning deposits in financial institutions

2,885,306

5,175,149

Total cash, cash equivalents, and restricted cash

3,085,228

5,377,576

Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,657,281 and $2,699,255, respectively)

2,286,682

2,346,864

Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,153,349 and $2,168,316, respectively)

2,291,984

^[1]

2,287,291

^[2]

FRB and FHLB stock, at cost

129,314

126,346

Total investment securities

4,707,980

4,760,501

Loans held for sale

80,752

122,757

Loans held for investment, net

25,517,028

25,534,730

Loans and leases held for investment

25,755,961

25,796,714

Deferred fees, net

(44,006)

(45,043)

Allowance for loan and lease losses

(291,503)

(281,687)

Total loans and leases held for investment, net

^[3]

25,181,519

25,208,000

Equipment leased to others under operating leases

339,925

344,325

Premises and equipment, net

144,912

146,798

Bank owned life insurance

341,806

339,643

Goodwill

198,627

Intangible assets, net

157,226

165,477

Deferred tax asset, net

741,158

739,111

Other assets

1,094,383

1,131,249

Total assets

36,073,516

38,534,064

LIABILITIES AND STOCKHOLDERS' EQUITY

Noninterest-bearing deposits

7,833,608

7,774,254

Interest-bearing deposits

21,058,799

22,627,515

Total deposits

28,892,407

30,401,769

Borrowings (including $123,824 and $123,116 at fair value, respectively)

2,139,498

2,911,322

Subordinated debt

937,717

936,599

Accrued interest payable and other liabilities

709,744

893,609

Total liabilities

32,679,366

35,143,299

Commitments and contingencies

Preferred stock

498,516

Common stock ($0.01 par value, 158,390,708 shares issued and 157,608,893 outstanding at March 31, 2024; 157,651,751 shares issued and 156,790,349 outstanding at December 31, 2023)

1,583

1,577

Class B Non-voting common stock ($0.01 par value, 477,32 shares issued at March 31, 204 and 477,321 share issued at December 31, 2023)

Additional paid-in capital

3,827,777

3,840,974

Retained deficit

(497,396)

(518,301)

Accumulated other comprehensive loss, net

(436,436)

(432,114)

Total stockholders' equity

3,394,150

3,390,765

Total liabilities and stockholders' equity

36,073,516

38,534,064

Nonvoting Common Stock

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-voting common stock equivalents ($0.01 par value, 10,145,600 shares issued at March 31, 2024 and 10,829,990 shares issued at December 31, 2023)

$ 101

$ 108

[1]	Excludes accrued interest receivable of $11.3 million at March 31, 2024 which is recorded in "Other assets" on the condensed consolidated balance sheets
[2]	Excludes accrued interest receivable of $13.4 million at December 31, 2023 which is recorded in "Other assets" on the condensed consolidated balance sheets
[3]	Excludes accrued interest receivable of $109.3 million and $111.3 million at March 31, 2024 and December 31, 2023, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.

About Banc of California Inc

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking and financial products and services in the United States. The company offers deposit products, including interest-bearing and noninterest-bearing demand, checking, savings, and money market deposits accounts; certificate of deposits; and retirement accounts and safe deposit boxes. 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 consumer loans comprising lines of credit and term loans, as well as and other consumer loans, including automobile loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, interest rate swaps, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and internet banking services; and master demand accounts. Further, it invests in agency securities, municipal bonds, agency residential mortgage-backed securities, and corporate debt securities. 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.

CEO	Mr. Jared M. Wolff
WEBSITE	https://bancofcal.com
INDUSTRY	Banks Diversified
EMPLOYEES	685

Banc of California Inc Frequently Asked Questions

What is the ticker symbol for Banc of California Inc? What does BANC stand for in stocks?

BANC is the stock ticker symbol of Banc of California Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Banc of California Inc (BANC)?

As of Wed May 15 2024, market cap of Banc of California Inc is 2.24 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BANC stock?

You can check BANC's fair value in chart for subscribers.

What is the fair value of BANC stock?

You can check BANC's fair value in chart for subscribers. The fair value of Banc of California Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Banc of California Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BANC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Banc of California Inc a good stock to buy?

The fair value guage provides a quick view whether BANC is over valued or under valued. Whether Banc of California Inc is cheap or expensive depends on the assumptions which impact Banc of California Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BANC.

What is Banc of California Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, BANC's PE ratio (Price to Earnings) is -5.72 and Price to Sales (PS) ratio is 1.9. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BANC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Banc of California Inc's stock?

In the past 10 years, Banc of California Inc has provided 0.06 (multiply by 100 for percentage) rate of return.