Financial Services - Banks - Regional - NYSE - US
$ 16.23
-0.429 %
$ 2.74 B
Market Cap
-4.2
P/E
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.[ Read More ]
The intrinsic value of one BANC stock under the base case scenario is HIDDEN Compared to the current market price of 16.2 USD, Banc of California, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart BANC
FINANCIALS
278 M
REVENUE
-252 M
OPERATING INCOME
-1.9 B
NET INCOME
127 M
OPERATING CASH FLOW
12.6 B
INVESTING CASH FLOW
-9.61 B
FINANCING CASH FLOW
447 M
REVENUE
11 M
OPERATING INCOME
576 M
NET INCOME
46.9 M
OPERATING CASH FLOW
-4.58 B
INVESTING CASH FLOW
3.13 B
FINANCING CASH FLOW
Balance Sheet Decomposition
Banc of California, Inc.
| Current Assets | 5.8 B |
| Cash & Short-Term Investments | 202 M |
| Receivables | 0 |
| Other Current Assets | 5.6 B |
| Non-Current Assets | 33.2 B |
| Long-Term Investments | 5.91 B |
| PP&E | 624 M |
| Other Non-Current Assets | 26.6 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 35.1 B |
| Long-Term Debt | 3.85 B |
| Other Non-Current Liabilities | 31.3 B |
EFFICIENCY
Earnings Waterfall
Banc of California, Inc.
| Revenue | 278 M |
| Cost Of Revenue | 0 |
| Gross Profit | 278 M |
| Operating Expenses | 278 M |
| Operating Income | -252 M |
| Other Expenses | 1.65 B |
| Net Income | -1.9 B |
RATIOS
100.00%
GROSS MARGIN
-90.38%
OPERATING MARGIN
-682.20%
NET MARGIN
-56.01%
ROE
-4.93%
ROA
-2.99%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Banc of California, Inc.
| Net Income | -1.9 B |
| Depreciation & Amortization | 91.3 M |
| Capital Expenditures | -15.2 M |
| Stock-Based Compensation | 28.7 M |
| Change in Working Capital | -170 M |
| Others | 1.91 B |
| Free Cash Flow | 112 M |
Wall Street Analysts Price Targets
Banc of California, Inc.
Wall Street analysts predict an average 1-year price target for BANC of $16.4 , with forecasts ranging from a low of $14 to a high of $19 .
BANC Lowest Price Target
Wall Street Target
14 USD
-13.74%
BANC Average Price Target
Wall Street Target
16.4 USD
0.98%
BANC Highest Price Target
Wall Street Target
19 USD
17.07%
4. DIVIDEND ANALYSIS
1.53%
DIVIDEND YIELD
0.1 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Banc of California, Inc.
Sold
0-3 MONTHS
2.82 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
2.68 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
770 K USD 3
6-9 MONTHS
250 K USD 2
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 04, 2024
|
Sell 788 K USD
|
LASHLEY RICHARD J
Director |
- 56250
|
14.004 USD |
|
2 months ago
Sep 05, 2024
|
Sell 1.05 M USD
|
LASHLEY RICHARD J
Director |
- 74113
|
14.197 USD |
|
2 months ago
Sep 04, 2024
|
Sell 263 K USD
|
LASHLEY RICHARD J
Director |
- 18750
|
14.004 USD |
|
2 months ago
Sep 05, 2024
|
Sell 722 K USD
|
LASHLEY RICHARD J
Director |
- 50887
|
14.197 USD |
|
6 months ago
Apr 25, 2024
|
Bought 99.7 K USD
|
WOLFF JARED M
PRESIDENT AND CEO |
+ 7130
|
13.98 USD |
|
8 months ago
Mar 14, 2024
|
Bought 109 K USD
|
LASHLEY RICHARD J
Director |
+ 7500
|
14.475 USD |
|
8 months ago
Mar 01, 2024
|
Bought 217 K USD
|
LASHLEY RICHARD J
Director |
+ 15000
|
14.4446 USD |
|
8 months ago
Feb 29, 2024
|
Bought 214 K USD
|
LASHLEY RICHARD J
Director |
+ 10000
|
21.3993 USD |
|
9 months ago
Feb 14, 2024
|
Bought 132 K USD
|
Barker James Andrew
Director |
+ 10000
|
13.159 USD |
|
9 months ago
Jan 30, 2024
|
Sell 150 K USD
|
DYCK ROBERT G
CHIEF CREDIT OFFICER |
- 10000
|
14.97 USD |
|
11 months ago
Dec 12, 2023
|
Bought 123 K USD
|
Barker James Andrew
Director |
+ 10000
|
12.3228 USD |
|
11 months ago
Dec 05, 2023
|
Sell 2.53 M USD
|
LASHLEY RICHARD J
Director |
- 200000
|
12.667 USD |
|
11 months ago
Dec 05, 2023
|
Bought 127 K USD
|
Rice Joseph J
Director |
+ 10000
|
12.6588 USD |
|
1 year ago
Jun 05, 2023
|
Bought 84.4 K USD
|
Rice Joseph J
Director |
+ 7500
|
11.25 USD |
|
1 year ago
May 03, 2023
|
Bought 35.1 K USD
|
SZNEWAJS ROBERT D
Director |
+ 3200
|
10.9633 USD |
|
1 year ago
May 01, 2023
|
Bought 75.1 K USD
|
WOLFF JARED M
PRESIDENT AND CEO |
+ 6769
|
11.0974 USD |
|
1 year ago
Mar 13, 2023
|
Bought 202 K USD
|
Barker James Andrew
Director |
+ 15000
|
13.4994 USD |
|
1 year ago
Jan 25, 2023
|
Bought 579 K USD
|
Barker James Andrew
Director |
+ 35000
|
16.5336 USD |
|
1 year ago
Jan 24, 2023
|
Bought 222 K USD
|
Barker James Andrew
Director |
+ 13435
|
16.5355 USD |
|
2 years ago
Feb 01, 2022
|
Bought 249 K USD
|
Barker James Andrew
Director |
+ 12900
|
19.3168 USD |
|
2 years ago
Jan 27, 2022
|
Bought 98.8 K USD
|
WOLFF JARED M
PRESIDENT AND CEO |
+ 5015
|
19.7 USD |
|
3 years ago
May 11, 2021
|
Bought 87.8 K USD
|
Curran Mary A
Director |
+ 5000
|
17.56 USD |
|
3 years ago
May 03, 2021
|
Bought 54.3 K USD
|
SZNEWAJS ROBERT D
Director |
+ 3000
|
18.089 USD |
|
3 years ago
Apr 29, 2021
|
Bought 501 K USD
|
Barker James Andrew
Director |
+ 27200
|
18.417 USD |
|
3 years ago
Apr 27, 2021
|
Bought 99.4 K USD
|
WOLFF JARED M
PRESIDENT AND CEO |
+ 5600
|
17.7523 USD |
|
4 years ago
Nov 02, 2020
|
Bought 50.9 K USD
|
Curran Mary A
Director |
+ 4200
|
12.13 USD |
|
4 years ago
Oct 29, 2020
|
Bought 115 K USD
|
WOLFF JARED M
PRESIDENT AND CEO |
+ 10000
|
11.5 USD |
|
4 years ago
Jun 15, 2020
|
Bought 63.4 K USD
|
SZNEWAJS ROBERT D
Director |
+ 6000
|
10.56 USD |
|
4 years ago
Mar 17, 2020
|
Bought 250 K USD
|
Barker James Andrew
Director |
+ 25325
|
9.88 USD |
|
4 years ago
Dec 17, 2019
|
Bought 177 K USD
|
Barker James Andrew
Director |
+ 10820
|
16.39 USD |
|
4 years ago
Dec 03, 2019
|
Bought 251 K USD
|
WOLFF JARED M
PRESIDENT AND CEO |
+ 16500
|
15.1823 USD |
|
5 years ago
Dec 06, 2018
|
Bought 31.2 K USD
|
Curran Mary A
Director |
+ 2000
|
15.61 USD |
|
5 years ago
Nov 30, 2018
|
Sell 1.42 K USD
|
WYCOFF W KIRK
Director |
- 83
|
17.1563 USD |
|
5 years ago
Nov 30, 2018
|
Sell 703 USD
|
WYCOFF W KIRK
Director |
- 41
|
17.1566 USD |
|
6 years ago
Nov 02, 2018
|
Bought 75.9 K USD
|
Smith Michael Alan
SVP, CHIEF ACCOUNTING OFFICER |
+ 4600
|
16.5 USD |
|
6 years ago
Sep 04, 2018
|
Bought 2.03 K USD
|
Fallon-Walsh Barbara
Director |
+ 100
|
20.28 USD |
|
6 years ago
Sep 04, 2018
|
Bought 2.03 K USD
|
Fallon-Walsh Barbara
Director |
+ 100
|
20.28 USD |
|
6 years ago
Aug 21, 2018
|
Sell 2.41 M USD
|
WYCOFF W KIRK
Director |
- 119937
|
20.0809 USD |
|
6 years ago
Aug 22, 2018
|
Sell 283 K USD
|
WYCOFF W KIRK
Director |
- 14144
|
20.0002 USD |
|
6 years ago
Aug 23, 2018
|
Sell 1.15 M USD
|
WYCOFF W KIRK
Director |
- 58031
|
19.8143 USD |
|
6 years ago
Aug 21, 2018
|
Sell 416 K USD
|
WYCOFF W KIRK
Director |
- 20719
|
20.0809 USD |
|
6 years ago
Aug 22, 2018
|
Sell 48.9 K USD
|
WYCOFF W KIRK
Director |
- 2444
|
20.0002 USD |
|
6 years ago
Aug 23, 2018
|
Sell 199 K USD
|
WYCOFF W KIRK
Director |
- 10025
|
19.8143 USD |
|
6 years ago
Aug 14, 2018
|
Sell 1.26 M USD
|
WYCOFF W KIRK
Director |
- 63014
|
20.0006 USD |
|
6 years ago
Aug 15, 2018
|
Sell 171 K USD
|
WYCOFF W KIRK
Director |
- 8527
|
20 USD |
|
6 years ago
Aug 16, 2018
|
Sell 3.24 M USD
|
WYCOFF W KIRK
Director |
- 162695
|
19.9265 USD |
|
6 years ago
Aug 14, 2018
|
Sell 218 K USD
|
WYCOFF W KIRK
Director |
- 10886
|
20.0006 USD |
|
6 years ago
Aug 15, 2018
|
Sell 29.5 K USD
|
WYCOFF W KIRK
Director |
- 1473
|
20 USD |
|
6 years ago
Aug 16, 2018
|
Sell 560 K USD
|
WYCOFF W KIRK
Director |
- 28105
|
19.9265 USD |
|
6 years ago
May 17, 2018
|
Sell 450 K USD
|
Grosvenor John C.
GENERAL COUNSEL EMERITUS |
- 23940.601
|
18.78 USD |
|
6 years ago
Feb 01, 2018
|
Bought 386 K USD
|
Bogler John A.
CHIEF FINANCIAL OFFICER |
+ 20000
|
19.3 USD |
|
7 years ago
Sep 07, 2017
|
Bought 1 M USD
|
Bowers Douglas H
CEO AND PRESIDENT |
+ 57000
|
17.56 USD |
|
7 years ago
Mar 20, 2017
|
Sell 307 K USD
|
Grosvenor John C.
EVP AND GENERAL COUNSEL |
- 14979.1278
|
20.5 USD |
|
7 years ago
Mar 09, 2017
|
Sell 188 K USD
|
Seabold Jeffrey T
EXECUTIVE VICE PRESIDENT |
- 9100
|
20.65 USD |
|
7 years ago
Mar 06, 2017
|
Sell 100 K USD
|
Seabold Jeffrey T
EXECUTIVE VICE PRESIDENT |
- 5000
|
20.0503 USD |
|
7 years ago
Mar 06, 2017
|
Sell 100 K USD
|
Seabold Jeffrey T
EXECUTIVE VICE PRESIDENT |
- 5000
|
20 USD |
|
7 years ago
Mar 06, 2017
|
Sell 40 K USD
|
Seabold Jeffrey T
EXECUTIVE VICE PRESIDENT |
- 2000
|
20.02 USD |
|
7 years ago
Mar 06, 2017
|
Sell 60.1 K USD
|
Seabold Jeffrey T
EXECUTIVE VICE PRESIDENT |
- 3000
|
20.025 USD |
|
7 years ago
Mar 07, 2017
|
Sell 200 K USD
|
Seabold Jeffrey T
EXECUTIVE VICE PRESIDENT |
- 10000
|
20 USD |
|
8 years ago
Sep 30, 2016
|
Sell 704 K USD
|
Seabold Jeffrey T
EXECUTIVE VICE PRESIDENT |
- 39919
|
17.63 USD |
|
8 years ago
Aug 17, 2016
|
Sell 0 USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
- 480000
|
0 USD |
|
8 years ago
Aug 17, 2016
|
Bought 835 USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 38
|
21.97 USD |
|
8 years ago
Aug 17, 2016
|
Bought 6.58 K USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 300
|
21.95 USD |
|
8 years ago
Jun 17, 2016
|
Sell 1.15 M USD
|
Seabold Jeffrey T
EVP, CHIEF BANKING OFFICER |
- 59225
|
19.4 USD |
|
8 years ago
Mar 10, 2016
|
Sell 1.16 M USD
|
Seabold Jeffrey T
EVP, CHIEF BANKING OFFICER |
- 76289
|
15.16 USD |
|
8 years ago
Dec 11, 2015
|
Sell 39.3 K USD
|
Turner J. Francisco A.
EVP, CHIEF STRATEGY OFFICER |
- 2800
|
14.03 USD |
|
8 years ago
Dec 08, 2015
|
Sell 858 K USD
|
Seabold Jeffrey T
EVP, CHIEF BANKING OFFICER |
- 57645
|
14.89 USD |
|
8 years ago
Dec 08, 2015
|
Sell 857 K USD
|
Seabold Jeffrey T
EVP, CHIEF BANKING OFFICER |
- 57568
|
14.89 USD |
|
8 years ago
Dec 08, 2015
|
Sell 881 K USD
|
Seabold Jeffrey T
EVP, CHIEF BANKING OFFICER |
- 59153
|
14.89 USD |
|
9 years ago
Aug 24, 2015
|
Bought 120 K USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 10000
|
12 USD |
|
9 years ago
Aug 21, 2015
|
Bought 122 K USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 10000
|
12.22 USD |
|
9 years ago
Aug 21, 2015
|
Bought 61.4 K USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 5000
|
12.27 USD |
|
9 years ago
Aug 21, 2015
|
Bought 61.4 K USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 5000
|
12.28 USD |
|
9 years ago
Aug 21, 2015
|
Bought 61.4 K USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 5000
|
12.29 USD |
|
9 years ago
Jun 17, 2015
|
Bought 17.8 K USD
|
Sugarman Steven
CEO AND CHAIRMAN OF BOARD |
+ 1308
|
13.6069 USD |
7. News
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 January 2, 2025, to stockholders of record as of December 16, 2024. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend wil.
businesswire.com
- 1 week ago
Banc of California (BANC) is a Great Momentum Stock: Should You Buy?
Does Banc of California (BANC) have what it takes to be a top stock pick for momentum investors? Let's find out.
zacks.com
- 3 weeks ago
Banc of California, Inc. (BANC) Q3 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC ) Q3 2024 Earnings Conference Call October 22, 2024 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President and CEO Joe Kauder - CFO Conference Call Participants Matthew Clark - Piper Sandler David Feaster - Raymond James Jared Shaw - Barclays Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Ben Gerlinger - Citi Timur Braziler - Wells Fargo Tim Coffey - Janney Chris McGratty - KBW Operator Good day and welcome to the Banc of California's Third Quarter Earnings Conference Call.
seekingalpha.com
- 3 weeks ago
Banc of California (BANC) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Banc of California (BANC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 3 weeks ago
Banc of California (BANC) Q3 Earnings and Revenues Beat Estimates
Banc of California (BANC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.30 per share a year ago.
zacks.com
- 3 weeks ago
Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $(0.01) Loss Per Share $0.25 Adjusted Earnings Per Share(1) $17.75 Book Value Per Share $15.63 Tangible Book Value Per Share(1) 10.45% CET1 Ratio 28% Average Noninterest-Bearing Deposits to Average Total Deposits Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the third quarter ende.
businesswire.com
- 3 weeks ago
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.
zacks.com
- 1 month ago
Banc of California: Progress Will Continue In The Third Quarter
Banc of California received a $400 million investment from Warburg Pincus (related entities) to inject liquidity and strengthen its business. Integration efforts include selling problematic loans. The stock has lagged industry recovery, that should change as the bank continues to recover.
seekingalpha.com
- 1 month ago
Banc of California Announces Schedule of Third Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2024 third quarter financial results on Tuesday, October 22, 2024. The Company will host a conference call to discuss its third quarter results at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 6084667. A link to the live audio webcast and the slide presentation for the.
businesswire.com
- 1 month ago
Banc of California Hires Ken McMullen as Executive Vice President and Treasurer
LOS ANGELES--(BUSINESS WIRE)-- #TogetherWeWin--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management Committee and reports directly to Joe Kauder, Banc of California's Chief Financial Officer. McMullen oversees all aspects of the bank's corporate treasury function, including oversight of its corporate investment portfolio. His treasury resp.
businesswire.com
- 1 month ago
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 the bank's teams in Lender Finance, Asset-Based Lending (ABL), and Corporate Asset Finance and Commercial Aviation (CAF). Hague is also a member of the bank's Senior Management Committee. Hague is based in Chicago and reports to Hamid Hu.
businesswire.com
- 2 months ago
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 www.canadianbanc.com and will also be available on www.sedarplus.com.
globenewswire.com
- 3 months ago
8. Profile Summary
Banc of California, Inc. BANC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 2.74 B
Dividend Yield
1.53%
Description
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.
Contact
3 MacArthur Place, Santa Ana, CA, 92707
https://bancofcal.com
IPO Date
Aug. 23, 2002
Employees
1960
Officers
Mr. Sean Lynden
President of the Venture Banking Group
Mr. Michael David
Executive Vice President for Technology Banking-West
Mr. Ido Dotan J.D.
Executive Vice President, General Counsel, Corporate Secretary & Chief Administrative Officer
Mr. Hamid Hussain
President of Banc of California
Mr. Jeffrey T. Krumpoch
Interim Chief Accounting Officer
Ms. Olivia Lindsay
Executive Vice President & Chief Risk Officer
Mr. Joseph Kauder
Executive Vice President & Chief Financial Officer
Mr. Raymond J. Rindone
Executive Vice President, Deputy Chief Financial Officer & Head of Corporate Finance
Mr. Bryan M. Corsini
Chief Credit Officer & Executive Vice President