BANC - Earnings announcements

Banc of California, Inc. (NYSE:BANC): Quarter Highlights $0.39 Earnings Per Share   $19.80 Book Value Per Share $17.77 Tangible Book Value Per Share(1)   3.24% Net Interest Margin     4% Loan Average Annualized Growth 4% Noninterest-bearing Deposit Average Annualized Growth 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 first quarter ended March 31, 2026. The Company reported net earnings available to common and equivalent stockholders of $62.0 million, or $0.39 per dilut

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release financial results for the first quarter ended March 31, 2026 after market close on Wednesday, April 22, 2026. The Company will host a conference call to discuss these financial results the following day on Thursday, April 23, 2026, at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 5670833. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Compa

Banc of California, Inc. (NYSE:BANC): Quarter Highlights $0.42 Earnings Per Share   $19.56 Book Value Per Share   $17.51 Tangible Book Value Per Share(1)   15% Loan Annualized Growth     11% Noninterest-bearing Deposits Annualized Growth 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 fourth quarter and year ended December 31, 2025. The Company reported net earnings available to common and equivalent stockholders of $67.4 million, or $0.42 per diluted comm

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2025 after market close on Wednesday, January 21, 2026. The Company will host a conference call to discuss these financial results the following day on Thursday, January 22, 2026, at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 0299940. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will b

Banc of California, Inc. (NYSE:BANC):     $19.09   5%       Book Value Per Share Total Revenue Growth   $0.38 9% Earnings Per Share $16.99 17% Noninterest-bearing   Tangible Book Value Pre-Tax Pre-Provision Deposits Annualized Growth   Per Share(1) Income Growth(1) 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 ended September 30, 2025. The Company report

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release 2025 third quarter financial results after market close on Wednesday, October 22, 2025. The Company will host a conference call to discuss its third quarter results the following day on Thursday, October 23, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 5396883. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relat

Banc of California, Inc. (NYSE:BANC): $0.12 Earnings Per Share   $0.31 Adjusted Earnings Per Share(1)   $18.58 Book Value Per Share   $16.46 Tangible Book Value Per Share(1)     9.92% CET1 Ratio       9% Annualized Loan Growth   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 second quarter ended June 30, 2025. The Company reported net earnings available to common and equivalent stockholders of $18.4 million, or $0.12 per diluted comm

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release 2025 second quarter financial results after market close on Wednesday, July 23, 2025. The Company will host a conference call to discuss its second quarter results the following day on Thursday, July 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7565369. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations

Banc of California, Inc. (NYSE:BANC): $0.26 Earnings Per Share   $18.17 Book Value Per Share   $16.12 Tangible Book Value Per Share(1)     10.43% CET1 Ratio     6% Annualized Loan Growth 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 first quarter ended March 31, 2025. The Company reported net earnings available to common and equivalent stockholders of $43.6 million, or $0.26 per diluted common share, for the first quarter of 2025. This compares to net earnings available to common and equivalent st

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release 2025 first quarter financial results after market close on Wednesday, April 23, 2025. The Company will host a conference call to discuss its first quarter results the following day on Thursday, April 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 8785621. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations

Banc of California, Inc. (NYSE:BANC): $0.28 Earnings Per Share $17.78 Book Value Per Share   $15.72 Tangible Book Value Per Share(1) 10.55% CET1 Ratio 29.1% 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 fourth quarter and year ended December 31, 2024. The Company reported net earnings available to common and equivalent stockholders of $47.0 million, or $0.28 per diluted common share, for the fourth quarter o

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, January 23, 2025. The Company will host a conference call to discuss these financial 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 4964279. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations websi

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 ended September 30, 2024. The Company reported a net loss available to common and equivalent stockholders of $1.2 million, or a loss of $0.01 per diluted common share, for the third quarter of 2024. On an ad

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 call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations website within 24 hours after the end of the call

Banc of California, Inc. (NYSE:BANC): $0.12 Earnings Per Share $17.23 Book Value Per Share $15.07 Tangible Book Value Per Share(1) 10.27% CET1 Ratio 27% Noninterest-Bearing Deposits Banc of California, Inc. (NYSE:BANC) ("Banc of California"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the second quarter ended June 30, 2024. The Company recorded net earnings available to common and equivalent stockholders of $20.4 million, or $0.12 per diluted common share, for the second quarter of 2024. This compares to net earnings available to common and equivalent stockholders of $20.9 million,

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release 2024 second quarter financial results on Tuesday, July 23, 2024. The Company will host a conference call to discuss its second quarter earnings 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 3283432. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the

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) ("Banc of California"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the first quarter ended March 31, 2024. The Company recorded net earnings available to common and equivalent stockholders of $28.2 million, or $0.17 per diluted common share, for the first quarter of 2024. On an adjusted basis, excluding the FDIC special assessment

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release 2024 first quarter financial results on Tuesday, April 23, 2024. The Company will host a conference call to discuss its first quarter earnings 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 1537279. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the

Banc of California, Inc. (NYSE:BANC): $38.5B Total Assets $17.12 Book Value Per Share $14.96 Tangible Book Value Per Share(1) 10.12% CET1 Ratio 26% Noninterest-Bearing Deposits Banc of California, Inc. (NYSE:BANC) ("Banc of California"), parent of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the fourth quarter and year ended December 31, 2023. On November 30, 2023, Banc of California and PacWest Bancorp closed their transformational merger, creating California's premier business bank. As of December 31, 2023, Banc of California had total assets of $38.5 billion. "Following the merger with PacWest, we have

Banc of California, Inc. (the "Company") (NYSE:BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2023 on Thursday, January 25, 2024. The Company will host a conference call to discuss these financial 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 4864870. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of t

Banc of California, Inc. (NYSE:BANC) ("Banc of California") today reported net income of $42.6 million, or $0.74 per diluted common share, for the third quarter of 2023. This compares to net income of $17.9 million, or $0.31 per diluted common share for the second quarter of 2023. On an adjusted basis, net income was $17.1 million for the quarter, or $0.30 per diluted common share.(1) This compares to adjusted net income of $18.4 million, or $0.32 per diluted common share, for the second quarter of 2023.(1) The third quarter of 2023 included a $46.2 million pre-tax mark-to-market gain on derivative instruments used to hedge the interest rate risk associated with various assets on the Compan

Banc of California, Inc. (NYSE:BANC) today announced it will release 2023 third quarter financial results before the stock market opens on Tuesday, October 24, 2023. A conference call will be held that same day at 10:00 a.m. Pacific Time (PT) to review financial results. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 5886712. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Compa

The Company Also Announced in a Separate Release that it has Entered into a Transformational Merger Agreement with PacWest Bancorp, Including Committed Capital Raise of $400 Million Transaction Also Expected to be Immediately Accretive to Tangible Book Value Per Share and to 2024 Estimated EPS Banc of California, Inc. (NYSE:BANC) today reported net income of $17.9 million, or $0.31 per diluted common share, for the second quarter of 2023. This compares to net income of $20.3 million, or $0.34 per diluted common share for the first quarter of 2023. On an adjusted basis, net income was $18.4 million for the quarter, or $0.32 per diluted common share.(1) This compares to adjusted net incom

Combination will create California's premier relationship-focused business bank Combined $36 billion asset bank with extensive Southern CA footprint to be headquartered in Los Angeles 20%+ accretion to BANC's 2024 Estimated EPS and immediately 3% accretive to TBVPS $400 million equity raise is fully committed after extensive investor due diligence Robust capital at 10%+ pro forma CET1; hedges and forward sales lock in a strong and liquid balance sheet at close $13 billion of wholesale borrowings to be repaid, resulting in a <10% wholesale funding ratio Highly experienced management with proven expertise in acquisitions led by Banc of California's CEO with deep understandin

Combination will create California's premier relationship-focused business bank Combined $36 billion asset bank with extensive Southern CA footprint to be headquartered in Los Angeles 20%+ accretion to BANC's 2024 Estimated EPS and immediately 3% accretive to TBVPS$400 million equity raise is fully committed after extensive investor due diligenceRobust capital at 10%+ pro forma CET1; hedges and forward sales lock in a strong and liquid balance sheet at close$13 billion of wholesale borrowings to be repaid, resulting in a <10% wholesale funding ratioHighly experienced management with proven expertise in acquisitions led by Banc of California's CEO with deep understanding of PacWest's franchi

Banc of California, Inc. (NYSE:BANC) today announced it will release 2023 second quarter financial results after the close of the stock market on Tuesday, July 25, 2023. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) the following day on Wednesday, July 26, 2023. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 0154421. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archi

Banc of California, Inc. (NYSE:BANC) today reported net income of $20.3 million, or $0.34 per diluted common share, for the first quarter of 2023. This compares to net income of $21.5 million, or $0.36 per diluted common share, for the fourth quarter of 2022. On an adjusted basis, net income was $21.7 million for the quarter, or $0.37 per diluted common share.(1) This compares to adjusted net income of $26.8 million, or $0.45 per diluted common share, for the fourth quarter of 2022, which excluded a pre-tax loss on sale of securities of $7.7 million.(1) First quarter highlights: Diversified core deposit base with noninterest-bearing deposits representing 38% of average deposits and 36%

Banc of California, Inc. (NYSE:BANC) today announced it will release 2023 first quarter financial results on Thursday, April 20, 2023. The Company will host a conference call to discuss its first quarter earnings 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 4273553. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's invest

Banc of California, Inc. (NYSE:BANC) today reported net income of $21.5 million, or $0.36 per diluted common share, for the fourth quarter of 2022. This compares to net income of $24.2 million, or $0.40 per diluted common share for the third quarter of 2022. The fourth quarter included a pre-tax loss on sale of securities of $7.7 million. On an adjusted basis, net income was $26.8 million for the quarter, or $0.45 per diluted common share. This compares to adjusted net income of $26.7 million, or $0.44 per diluted common share, for the third quarter of 2022. For the full year 2022, the Company reported record net income available to common shareholders of $115.8 million, or $1.89 per dilute

Banc of California, Inc. (NYSE:BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2022 on Thursday, January 19, 2023. The Company will host a conference call to discuss these financial 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 2741581. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference cal

Banc of California, Inc. (NYSE:BANC) today reported net income and net income available to common stockholders of $24.2 million, or $0.40 per diluted common share, for the third quarter of 2022. This compares to net income and net income available to common stockholders of $26.7 million, or $0.43 per diluted common share, for the second quarter of 2022. The third quarter includes pre-tax transaction costs of $2.1 million related to the Deepstack acquisition. Third quarter highlights: Acquisition of Deepstack Technologies completed on September 15, 2022 Adjusted diluted EPS of $0.44 Return on average assets of 1.02% Adjusted return on average assets of 1.13% Pre-tax pre-provision

Banc of California, Inc. (NYSE:BANC) today announced it will release 2022 third quarter financial results on Thursday, October 20, 2022. The Company will host a conference call to discuss its third quarter earnings 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 6394121. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's inve

Banc of California, Inc. (NYSE:BANC) (the "Company"), the parent holding company of Banc of California, N.A. (the "Bank"), today announced that the Bank has acquired the payments platform and technology of Global Payroll Gateway, Inc. and its wholly-owned subsidiary, Deepstack Technologies, LLC (collectively, "Deepstack") for $24 million in cash and stock. Headquartered in Jupiter, Florida with a team located in Southern California, Deepstack is a differentiated software-led and e-commerce payments platform that provides clients with payment solutions, including merchant processing, payments acceptance and disbursements, tokenization, virtual accounts, fraud protection tools, chargeback man

Banc of California, Inc. (NYSE:BANC) today reported net income and net income available to common stockholders of $26.7 million, or $0.43 per diluted common share, for the second quarter of 2022. This compares to net income of $48.5 million and net income available to common stockholders of $43.3 million, or $0.69 per diluted common share, for the first quarter of 2022. The first quarter of 2022 net income available to common stockholders included a $31.3 million pre-tax recovery from the settlement of a previously charged-off loan and a $3.7 million after-tax charge related to the redemption of Series E Preferred Stock. Second quarter highlights: Adjusted EPS of $0.45 Pre-tax pre-prov

Banc of California, Inc. (NYSE:BANC) today announced it will release 2022 second quarter financial results on Thursday, July 21, 2022. The Company will host a conference call to discuss its second quarter earnings 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 1795053. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's inves

Banc of California, Inc. (NYSE:BANC) today reported net income of $48.5 million and net income available to common stockholders of $43.3 million, or $0.69 per diluted common share for the first quarter of 2022. This compares to net income of $5.8 million and net income available to common stockholders of $4.0 million, or $0.07 per diluted common share, for the fourth quarter of 2021. The first quarter of 2022 net income available to common stockholders included a $31.3 million pre-tax recovery from the settlement of a previously charged-off loan and a $3.7 million after-tax charge related to the redemption of Series E Preferred Stock. The fourth quarter of 2021 included $13.5 million of pre

Banc of California, Inc. (NYSE:BANC) today announced it will release 2022 first quarter financial results on Thursday, April 21, 2022. The Company will host a conference call to discuss its first quarter earnings 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 6630261. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's invest

Banc of California, Inc. (NYSE:BANC) today reported net income of $5.8 million and net income available to common stockholders for the fourth quarter of 2021 of $4.0 million, or $0.07 per diluted common share. This compares to net income of $23.2 million and net income available to common stockholders of $21.4 million, or $0.42 per diluted common share, for the third quarter. The fourth quarter of 2021 included $13.5 million of pre-tax merger costs and $11.3 million of provision for credit losses for the loans acquired in the Pacific Mercantile Bancorp acquisition. For the year ended December 31, 2021, net income totaled $62.3 million and net income available to common stockholders totaled

Banc of California, Inc. (NYSE:BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2021 on Tuesday, January 25, 2022. The Company will host a conference call to discuss these financial 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 7050527. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call

Banc of California, Inc. (NYSE:BANC) today reported net income of $23.2 million and net income available to common stockholders for the third quarter of 2021 of $21.4 million, or diluted earnings per common share of $0.42. Highlights for the third quarter included: Return on average assets of 1.13% Annualized loan growth, excluding PPP, of 16% Period-end total cost of deposits of 0.08%, a 12 basis point decrease from the end of the second quarter Average cost of total deposits of 0.15%, an 8 basis point decrease from the previous quarter Net interest margin of 3.28%, a 1 basis point increase from the previous quarter Noninterest-bearing deposit balances represented 32% of total

Banc of California, Inc. (NYSE:BANC) today announced it will release 2021 third quarter financial results on Thursday, October 21, 2021. The Company will host a conference call to discuss its third quarter earnings 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 9764771. A live audio webcast will also be available on the Webcasts page of the Company's investor relations website. The slide presentation for the call will also be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's inve

Banc of California, Inc. (NYSE:BANC) today reported net income of $19.1 million and net income available to common stockholders for the second quarter of 2021 of $17.3 million, or diluted earnings per common share of $0.34. Highlights for the second quarter included: Return on average assets of 0.98% Total loan production of $904.1 million, including loan fundings of $847.0 million Period-end total cost of deposits of 0.20% and average cost of total deposits of 0.23%, a 5 basis point decrease from the prior quarter Net interest margin expanded to 3.27%, an 8 basis point increase from the prior quarter Noninterest-bearing deposit balances represented 29% of total deposits at June