BANC
Banc of California, Inc.19.65
-0.06-0.3%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.10BP/E (TTM)
19.08Basic EPS (TTM)
1.03Dividend Yield
0.02%Recent Filings
10-Q
8-K
Banc of California Q3 earnings surge
Banc of California reported Q3 2025 net earnings of $59.7 million, or $0.38 per diluted share, up sharply from $18.4 million in Q2, fueled by 5% revenue growth to $287.7 million and flat expenses at $185.7 million. Net interest margin expanded 12 basis points to 3.22% on higher loan yields and lower deposit costs, while noninterest-bearing deposits grew 9% annualized to $7.6 billion. Credit quality held steady with criticized loans down 4%; the bank repurchased $35.5 million in shares. Solid execution boosts profitability, yet economic headwinds loom.
10-Q
Q2 FY2025 results
Banc of California posted net earnings of $28.4 million in Q2 FY2025 ended June 30, 2025, down from $53.6 million in Q1 but up y/y from $30.3 million in Q2 FY2024, with diluted EPS steady at $0.12 q/q and y/y. Net interest income climbed 3% q/q to $240.2 million (derived), lifting net interest margin to 3.10% from 3.08%, thanks to 2% loan growth to $24.7 billion (including held-for-sale) and a 3 basis point yield bump to 5.93%, while deposit costs held at 2.13%. Credit quality sharpened as nonaccrual loans fell to 0.69% of total from 0.88% q/q, though provision for credit losses jumped to $39.1 million from $9.3 million, including $26.3 million tied to a strategic sale of $506.7 million in loans reclassified to held-for-sale. Deposits edged up 1% q/q to $27.5 billion, with $2.4 billion cash and $10.6 billion borrowing capacity ensuring liquidity covers uninsured deposits 196%. Repurchased $111.5 million in shares at $12.65 average, leaving $150 million authorized. Yet regulatory scrutiny on capital and lending practices lingers.
8-K
Q2 earnings: $0.12 EPS, 9% loan growth
Banc of California reported Q2 2025 net earnings of $18.4 million, or $0.12 per share, dragged by a $26.3 million provision from transferring $507 million of CRE loans to held-for-sale at fair value, plus a $9.8 million non-cash tax charge from California law changes. Yet adjusted EPS hit $0.31, up 19% quarter-over-quarter, fueled by 9% annualized loan growth to $24.7 billion and NIM expansion to 3.10%. Credit metrics sharpened sharply. Loan sales reposition the balance sheet.
10-Q
Q1 FY2025 results
Banc of California kicked off 2025 with steady net earnings of $53.6 million, or $0.26 diluted EPS, edging down from Q4 2024's $56.9 million yet surging 73% year-over-year from $30.9 million, as net interest income held firm at $232.4 million with a 3.08% margin—up 4 basis points quarterly and 42 annually—thanks to deposit costs dropping to 2.12% from 2.26% and 2.66%, respectively. Loans grew 6% annualized to $24.1 billion, fueled by commercial and multi-family advances, while noninterest income ticked up to $33.7 million on equity gains, though expenses rose slightly to $183.7 million from seasonal compensation hikes. Liquidity stays robust at $15.1 billion, covering uninsured deposits 2.1 times, with capital ratios like 10.45% CET1 well above thresholds; free cash flow isn't disclosed in the 10-Q. Classified loans climbed to 3.17% amid rate pressures, but low charge-offs at 0.24% signal resilience—watch commercial real estate for softening rents.
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