Banc of California, Inc.(BANC) Stock Research - Grey Stern Research

Banc of California, Inc. (BANC) Stock Analysis

$15.38 (4.48%)

BANC Financial Performance


Use the table below to view Banc of California, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $14.72 -
52 Week Low $9.96 -
52 Week High $15.54 -
Market Cap $2.5 Billion 1/13
Gross Margin 100% 1/13
Profit Margin 6% 11/13
EBITDA margin 3% 6/13
Q1 - 2024 Revenue $492.7 Million 1/13
Q1 - 2024 Earnings $30.3 Million 1/13
Q1 - 2024 Free Cash Flow $0 Million 2/13
Trailing 4 Quarters Revenue $942.7 Million 1/13
Trailing 4 Quarters Earnings -$371.9 Million 13/13
Quarterly Earnings Growth 70% 1/13
Annual Earnings Growth -572% 13/13
Quarterly Revenue Growth 551% 1/13
Annual Revenue Growth 138% 2/13
Cash On Hand $203.5 Million 12/13
Short Term Debt $0 4/13
Long Term Debt $2.4 Billion 1/13

Banc of California, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Banc of California, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 13/13
PS 2.64 7/13
PB 0.73 11/13
PC -12.22 9/13
Liabilities to Equity 9.34 4/13
ROA -0.01 13/13
ROE -0.11 13/13
Current Ratio 1.11 8/13
Quick Ratio -0.01 8/13
Long Term Debt to Equity 0.70 6/13
Debt to Equity 0.70 7/13
Burn Rate -3.14 9/13
Cash to Cap -0.08 10/13
CCR 7/13
EV to EBITDA 316.99 3/13
EV to Revenue 5.38 2/13

Company Details

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.

CEO: Mr. Jared Wolff

Website: https://bancofcal.com

Address: 3 Macarthur Pl Santa Ana, CALIFORNIA

Exchange: New York Stock Exchange

Industry: Banks—Regional

Banc of California, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Banc of California, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Heritage Financial Corporation HFWA $785.8 Million
Byline Bancorp, Inc. BY $1.2 Billion
Great Southern Bancorp, Inc. GSBC $718.5 Million
Peapack-Gladstone Financial Corporation PGC $516.2 Million
Northfield Bancorp, Inc. (Staten Island, NY) NFBK $529.0 Million
Sierra Bancorp BSRR $458.1 Million
Bankwell Financial Group, Inc. BWFG $239.4 Million
First Financial Northwest, Inc. FFNW $208.8 Million
Community West Bancshares CWBC $394.3 Million
HMN Financial, Inc. HMNF $121.7 Million
HV Bancorp, Inc. HVBC $77.4 Million
Affinity Bancshares, Inc. AFBI $138.1 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
BANC Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 492.7 Million $30.3 Million
Q1 2024 $ 263.0 Million $38.1 Million
Q4 2023 $ 67.0 Million -$483.0 Million
Q3 2023 $ 120.0 Million $42.6 Million
Q2 2023 $ 75.7 Million $17.9 Million
Q1 2023 $ 106.9 Million $20.3 Million
Q4 2022 $ 78.8 Million $21.5 Million
Q3 2022 $ 96.0 Million $24.2 Million

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BANC Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $203.5 Million $35.2 Billion $2.4 Billion $3.4 Billion
Q1 2024 $3.1 Billion $36.1 Billion $3.1 Billion $3.4 Billion
Q4 2023 $202.4 Million $38.5 Billion $3.8 Billion $3.4 Billion
Q3 2023 $311.0 Million $9.2 Billion $1.5 Billion $1.0 Billion
Q2 2023 $283.7 Million $9.4 Billion $1.4 Billion $957.1 Million
Q1 2023 $1.0 Billion $10.0 Billion $2.0 Billion $958.9 Million
Q4 2022 $228.9 Million $9.2 Billion $1.0 Billion $959.6 Million
Q3 2022 $69.4 Million $9.4 Billion $274.7 Million $952.0 Million

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BANC Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 $0 $0 $0
Q4 2023 $23.4 Million $0 $23.4 Million
Q3 2023 $40.7 Million -$2.9 Million $27.3 Million
Q2 2023 $37.0 Million -$2.4 Million -$727.2 Million
Q1 2023 $8.4 Million -$2.6 Million $782.1 Million
Q4 2022 $21.8 Million -$3.8 Million -$27.2 Million
Q3 2022 $57.3 Million $0 $13.0 Million
Q2 2022 $48.5 Million -$21.4 Million -$11.2 Million

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